Logos Holdings (TSE:205A) Altman Z-Score: 2.43 (As of Jul. 05, 2026) — 50% Above Median


TSE:205A Logos Holdings Inc TSE:205A
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What is Logos Holdings Altman Z-Score?

Logos Holdings TSE:205A +0.67% 11 Altman Z-Score is 2.43 as of Jul. 05, 2026, which is 50% above its 10-year median of 1.62. GuruFocus rates TSE:205A with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 89 Homebuilding & Construction companies, Logos Holdings ranks better than 53.93% 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 2.43 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.

Logos Holdings has a Altman Z-Score of 2.43, indicating it is in Grey Zones. This implies that Logos Holdings 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 Logos Holdings's Altman Z-Score or its related term are showing as below:

TSE:205A' s Altman Z-Score Range Over the Past 10 Years
Min: 1.35   Med: 1.62   Max: 2.43
Current: 2.43

During the past 4 years, Logos Holdings's highest Altman Z-Score was 2.43. The lowest was 1.35. And the median was 1.62.


Logos Holdings  (TSE:205A) 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.


Logos Holdings Altman Z-Score Related Terms


Logos Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Logos Holdings'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.

Logos Holdings Altman Z-Score Chart

Logos Holdings Annual Data
Trend May22 May23 May24 May25
Altman Z-Score
0.00 0.00 0.00 2.32

Logos Holdings Quarterly Data
May22 May23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 2.32 1.51 2.43 0.00

TSE:205A vs DHI, PHM, LEN: Altman Z-Score Comparison

For the Residential Construction subindustry, Logos Holdings'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.


Logos Holdings Altman Z-Score vs Homebuilding & Construction Industry

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

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


TSE:205A
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Logos Holdings Inc TSE:205A
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Logos Holdings 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.

Logos Holdings'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*0.0788+1.4*0.0679+3.3*0.0473+0.6*0.3029+1.0*1.904
=2.43

* 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 Nov. 2025:
Total Assets was 円24,816 Mil.
Total Current Assets was 円17,605 Mil.
Total Current Liabilities was 円15,651 Mil.
Retained Earnings was 円1,684 Mil.
Pre-Tax Income was 275.268 + 606.533 + -798.856 + 964.619 = 円1,048 Mil.
Interest Expense was -34.35 + -51.581 + -12.072 + -28.664 = 円-127 Mil.
Revenue was 11204.681 + 17402.113 + 2890.701 + 15752.007 = 円47,250 Mil.
Market Cap (Today) was 円6,533 Mil.
Total Liabilities was 円21,571 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
=(17604.971 - 15650.595)/24816.11
=0.0788

X2=Retained Earnings/Total Assets
=1684.156/24816.11
=0.0679

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1047.564 - -126.667)/24816.11
=0.0473

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=6533.219/21571.149
=0.3029

X5=Revenue/Total Assets
=47249.502/24816.11
=1.904

The zones of discrimination were as such:

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

Logos Holdings has a Altman Z-Score of 2.43 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 2.43 mean?
Logos Holdings (TSE:205A) has a Altman Z-Score of 2.43 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Logos Holdings and its competitors. This is 50% above median its historical median of 1.62. Over the past decade, Logos Holdings' Altman Z-Score has ranged from 1.35 to 2.43. According to the industry distribution chart, Logos Holdings ranks #41 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 46.1%.
Is Logos Holdings' Altman Z-Score too high?
Logos Holdings' current Altman Z-Score of 2.43 is 50% above median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 2.43. The Homebuilding & Construction industry median Altman Z-Score is 2.23. Logos Holdings' value of 2.43 is 9% above this industry median. Based on the distribution chart, Logos Holdings ranks #41 out of 89 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Logos Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Logos Holdings' Altman Z-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Logos Holdings ranks #41 out of 89 companies for Altman Z-Score. This puts Logos Holdings in the upper half of its industry. The industry median Altman Z-Score is 2.23. Logos Holdings' value of 2.43 is 9% above this benchmark. Historically, Logos Holdings' own Altman Z-Score has ranged from 1.35 to 2.43 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 2.23, Logos Holdings 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 Homebuilding & Construction company?
The median Altman Z-Score among Homebuilding & Construction companies is 2.23, based on 89 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. Logos Holdings's current Altman Z-Score of 2.43 is 9% 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 Logos Holdings and its competitors. For the Homebuilding & Construction industry, the median Altman Z-Score is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Logos Holdings's current Altman Z-Score is 2.43, which is 50% above median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Logos Holdings stock overvalued right now?
Logos Holdings (TSE:205A) has a current Altman Z-Score of 2.43. The current Altman Z-Score is 2.43, which is 50% above median its 10-year median of 1.62 and 9% above the Homebuilding & Construction industry median of 2.23. Logos Holdings' overall GF Score™ is 11/100 with 3 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 Logos Holdings (TSE:205A), the current Altman Z-Score is 2.43 as of Jul. 05, 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.

Logos Holdings Business Description

Address 2-1 Higashi 3-jo Minami 13-chome, Hokkaido, Obihiro, JPN, 080?0803
Logos Holdings Inc is engaged in two business Housing division: Housing design, construction and sales. Real estate division: Land purchase, sale, intermediation and brokerage.
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