Sanyo Engineeringnstruction (TSE:1960) Altman Z-Score: 2.71 (As of Jul. 24, 2026) — Near Median

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TSE:1960 Sanyo Engineering & Construction Inc TSE:1960
73 GF Score
Price 円1,470.00
GF Value 円1,079.12
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Sanyo Engineeringnstruction Altman Z-Score?

Sanyo Engineeringnstruction TSE:1960 +2.37% 73 Altman Z-Score is 2.71 as of Jul. 24, 2026, which is 2% above its 10-year median of 2.65. GuruFocus rates TSE:1960 with a GF Score™ of 73/100 and a GF Value™ of 円1,079.12 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,757 Construction companies, Sanyo Engineeringnstruction ranks better than 59.02% 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 2.71 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 Engineeringnstruction has a Altman Z-Score of 2.71, indicating it is in Grey Zones. This implies that Sanyo Engineeringnstruction 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 Engineeringnstruction's Altman Z-Score or its related term are showing as below:

TSE:1960' s Altman Z-Score Range Over the Past 10 Years
Min: 2.43   Med: 2.65   Max: 2.97
Current: 2.71

During the past 13 years, Sanyo Engineeringnstruction's highest Altman Z-Score was 2.97. The lowest was 2.43. And the median was 2.65.


Sanyo Engineeringnstruction  (TSE:1960) 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 Engineeringnstruction Altman Z-Score Related Terms


Sanyo Engineeringnstruction Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sanyo Engineeringnstruction'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 Engineeringnstruction Altman Z-Score Chart

Sanyo Engineeringnstruction 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 2.54 2.51 2.43 2.47 2.66

Sanyo Engineeringnstruction Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 2.43 2.21 2.47 0.00 2.66

TSE:1960 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Sanyo Engineeringnstruction'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 Engineeringnstruction Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Sanyo Engineeringnstruction's Altman Z-Score distribution charts can be found below:

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


TSE:1960
73GF Score
Sanyo Engineering & Construction Inc TSE:1960
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sanyo Engineeringnstruction 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 Engineeringnstruction'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*0.2396+1.4*0.4857+3.3*0.0689+0.6*0.8405+1.0*1.0088
=2.71

* 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60,543 Mil.
Total Current Assets was 円39,687 Mil.
Total Current Liabilities was 円25,181 Mil.
Retained Earnings was 円29,406 Mil.
Pre-Tax Income was 円4,082 Mil.
Interest Expense was 円-92 Mil.
Revenue was 円61,077 Mil.
Market Cap (Today) was 円22,571 Mil.
Total Liabilities was 円26,853 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
=(39687 - 25181)/60543
=0.2396

X2=Retained Earnings/Total Assets
=29406/60543
=0.4857

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(4082 - -92)/60543
=0.0689

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=22571.012/26853
=0.8405

X5=Revenue/Total Assets
=61077/60543
=1.0088

The zones of discrimination were as such:

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

Sanyo Engineeringnstruction has a Altman Z-Score of 2.71 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 2.71 mean?
Sanyo Engineeringnstruction (TSE:1960) has a Altman Z-Score of 2.71 as of Jul. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sanyo Engineeringnstruction and its competitors. This is near median its historical median of 2.65. Over the past decade, Sanyo Engineeringnstruction's Altman Z-Score has ranged from 2.43 to 2.97. According to the industry distribution chart, Sanyo Engineeringnstruction ranks #720 out of 1757 companies in the Construction industry, placing it in the top 41%.
Is Sanyo Engineeringnstruction's Altman Z-Score too high?
Sanyo Engineeringnstruction's current Altman Z-Score of 2.71 is near median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 2.43 to a high of 2.97. The Construction industry median Altman Z-Score is 2.30. Sanyo Engineeringnstruction's value of 2.71 is 17.8% above this industry median. Based on the distribution chart, Sanyo Engineeringnstruction ranks #720 out of 1757 companies in the Construction industry, which is above the industry midpoint. Overall, Sanyo Engineeringnstruction has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanyo Engineeringnstruction's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Sanyo Engineeringnstruction ranks #720 out of 1757 companies for Altman Z-Score. This puts Sanyo Engineeringnstruction in the upper half of its industry. The industry median Altman Z-Score is 2.30. Sanyo Engineeringnstruction's value of 2.71 is 17.8% above this benchmark. Historically, Sanyo Engineeringnstruction's own Altman Z-Score has ranged from 2.43 to 2.97 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 2.30, Sanyo Engineeringnstruction has consistently been above 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 Construction company?
The median Altman Z-Score among Construction companies is 2.30, based on 1,757 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 Engineeringnstruction's current Altman Z-Score of 2.71 is 17.8% above 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 Engineeringnstruction and its competitors. For the Construction industry, the median Altman Z-Score is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanyo Engineeringnstruction's current Altman Z-Score is 2.71, which is near median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanyo Engineeringnstruction stock overvalued right now?
Based on GuruFocus' analysis, Sanyo Engineeringnstruction (TSE:1960) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,079.12, compared to a current price of 円1,470.00 — trading 36.2% above its estimated fair value. The current Altman Z-Score is 2.71, which is near median its 10-year median of 2.65 and 17.8% above the Construction industry median of 2.30. Sanyo Engineeringnstruction's overall GF Score™ is 73/100 with 6 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 Engineeringnstruction (TSE:1960), the current Altman Z-Score is 2.71 as of Jul. 24, 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 Engineeringnstruction (TSE:1960) Overvalued in 2026?

Based on GuruFocus' analysis, Sanyo Engineeringnstruction stock appears to be overvalued. The current stock price of 円1,470.00 is trading 36.2% above its estimated GF Value™ of 円1,079.12. GuruFocus considers Sanyo Engineeringnstruction to be Significantly Overvalued.

Key valuation signals for TSE:1960:

  • Altman Z-Score: 2.71 (near median its 10-year median of 2.65)
  • GF Value™: 円1,079.12 vs. price of 円1,470.00 (36.2% above fair value)
  • GF Score™: 73/100 with 6 warning signs
  • Industry Position: 17.8% above the Construction median (#720 of 1757)

No single metric tells the full story. See the TSE:1960 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanyo Engineeringnstruction Business Description

Address 3-13 Nibanmachi, Chiyoda-ku, Tokyo, JPN, 102-8440
Sanyo Engineering & Construction Inc. covers all aspects of mechanical, electrical, and other associated engineering services. It provides painting work, survey work, fire extinguishing facility work, production and sales of electric equipment, air conditioning, water supply, and drainage work, civil engineering work, steel structure work, and others. The company's work include Tan Son Nhat International Airport, The mall shopping center, The University of Tokyo, School of Science, Tokai Hokuriku Expressway Tsubakihara Tunnel, and others.
73GF Score

Get the complete analysis for TSE:1960

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

円1,470.00
Price
円1,079.12
GF Value