Sanyo Homes (TSE:1420) Altman Z-Score: 1.98 (As of Aug. 19, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:1420 Sanyo Homes Corp TSE:1420
45 GF Score
Price 円630.00
GF Value 円792.96
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Sanyo Homes Altman Z-Score?

Sanyo Homes TSE:1420 -0.32% 45 Altman Z-Score is 1.98 as of Aug. 19, 2026, which is 3% above its 10-year median of 1.92. GuruFocus rates TSE:1420 with a GF Score™ of 45/100 and a GF Value™ of 円792.96 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 87 Homebuilding & Construction companies, Sanyo Homes ranks worse than 52.87% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 2.23 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Sanyo Homes has a Altman Z-Score of 1.98, indicating it is in Grey Zones. This implies that Sanyo Homes is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Sanyo Homes's Altman Z-Score or its related term are showing as below:

TSE:1420' s Altman Z-Score Range Over the Past 10 Years
Min: 1.5   Med: 1.92   Max: 2.24
Current: 2.23

During the past 13 years, Sanyo Homes's highest Altman Z-Score was 2.24. The lowest was 1.50. And the median was 1.92.


Sanyo Homes  (TSE:1420) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Sanyo Homes Altman Z-Score Related Terms


Sanyo Homes Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sanyo Homes's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sanyo Homes Altman Z-Score Chart

Sanyo Homes Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.06 1.65 1.86 1.50 2.24

Sanyo Homes Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.54 1.13 1.32 2.24 0.00

TSE:1420 vs DHI, PHM, LEN: Altman Z-Score Comparison

For the Residential Construction subindustry, Sanyo Homes's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sanyo Homes Altman Z-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Sanyo Homes's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Sanyo Homes's Altman Z-Score falls into.


TSE:1420
45GF Score
Sanyo Homes Corp TSE:1420
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanyo Homes Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Sanyo Homes's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.4532+1.4*0.1469+3.3*0.0265+0.6*0.2549+1.0*0.9902
=1.98

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was 円46,811 Mil.
Total Current Assets was 円40,346 Mil.
Total Current Liabilities was 円19,130 Mil.
Retained Earnings was 円6,876 Mil.
Pre-Tax Income was -983.928 + 2309.392 + -186.885 + -195.891 = 円943 Mil.
Interest Expense was -75.553 + -80.749 + -76.193 + -64.44 = 円-297 Mil.
Revenue was 6326.968 + 22598.929 + 8822.829 + 8605.245 = 円46,354 Mil.
Market Cap (Today) was 円7,813 Mil.
Total Liabilities was 円30,648 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(40345.998 - 19130.499)/46810.733
=0.4532

X2=Retained Earnings/Total Assets
=6875.545/46810.733
=0.1469

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(942.688 - -296.935)/46810.733
=0.0265

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=7813.064/30648.454
=0.2549

X5=Revenue/Total Assets
=46353.971/46810.733
=0.9902

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Sanyo Homes has a Altman Z-Score of 1.98 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.98 mean?
Sanyo Homes (TSE:1420) has a Altman Z-Score of 1.98 as of Aug. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sanyo Homes and its competitors. This is near median its historical median of 1.92. Over the past decade, Sanyo Homes' Altman Z-Score has ranged from 1.50 to 2.24. According to the industry distribution chart, Sanyo Homes ranks #46 out of 87 companies in the Homebuilding & Construction industry, placing it in the top 52.9%.
Is Sanyo Homes' Altman Z-Score too high?
Sanyo Homes' current Altman Z-Score of 1.98 is near median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 2.24. The Homebuilding & Construction industry median Altman Z-Score is 2.29. Sanyo Homes' value of 1.98 is 13.5% below this industry median. Based on the distribution chart, Sanyo Homes ranks #46 out of 87 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Sanyo Homes has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sanyo Homes' Altman Z-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Sanyo Homes ranks #46 out of 87 companies for Altman Z-Score. This places Sanyo Homes in the lower half of its industry. The industry median Altman Z-Score is 2.29. Sanyo Homes' value of 1.98 is 13.5% below this benchmark. Historically, Sanyo Homes' own Altman Z-Score has ranged from 1.50 to 2.24 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 2.29, Sanyo Homes has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z-Score for a Homebuilding & Construction company?
The median Altman Z-Score among Homebuilding & Construction companies is 2.29, based on 87 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sanyo Homes's current Altman Z-Score of 1.98 is 13.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sanyo Homes and its competitors. For the Homebuilding & Construction industry, the median Altman Z-Score is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanyo Homes's current Altman Z-Score is 1.98, which is near median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanyo Homes stock overvalued right now?
Based on GuruFocus' analysis, Sanyo Homes (TSE:1420) is currently considered Modestly Undervalued. The stock's GF Value™ is 円792.96, compared to a current price of 円630.00 — trading 20.6% below its estimated fair value. The current Altman Z-Score is 1.98, which is near median its 10-year median of 1.92 and 13.5% below the Homebuilding & Construction industry median of 2.29. Sanyo Homes' overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Sanyo Homes (TSE:1420), the current Altman Z-Score is 1.98 as of Aug. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Sanyo Homes (TSE:1420) Overvalued in 2026?

Based on GuruFocus' analysis, Sanyo Homes stock appears to be undervalued. The current stock price of 円630.00 is trading 20.6% below its estimated GF Value™ of 円792.96. GuruFocus considers Sanyo Homes to be Modestly Undervalued.

Key valuation signals for TSE:1420:

  • Altman Z-Score: 1.98 (near median its 10-year median of 1.92)
  • GF Value™: 円792.96 vs. price of 円630.00 (20.6% below fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 13.5% below the Homebuilding & Construction median (#46 of 87)

No single metric tells the full story. See the TSE:1420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanyo Homes Business Description

Address 8F Orix Hommachi Bldg. 4-1, Nishi-Hommachi 1-Chome, Nishi-ku, Osaka City, JPN, 550-0005
Sanyo Homes Corp operates in the construction sector. The company is engaged in the development and sales of residential properties. The business operates under four segments - housing, asset utilization, condominiums and remodelling.
45GF Score

Get the complete analysis for TSE:1420

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円630.00
Price
円792.96
GF Value