JAC Recruitment CoTSE:2124 -0.58%87 Altman Z-Score is 17.83 as of Jul. 05, 2026, which is 25% above its 10-year median of 14.25. GuruFocus rates TSE:2124 with a GF Score™ of 87/100 and a GF Value™ of 円1,040.55 (Modestly Undervalued). Among 1,060 Business Services companies, JAC Recruitment Co ranks better than 94.06% 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.
Good Sign:
Altman Z-score of 14.03 is strong.
JAC Recruitment Co has a Altman Z-Score of 17.83, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 JAC Recruitment Co's Altman Z-Score or its related term are showing as below:
TSE:2124'
s Altman Z-Score Range Over the Past 10 Years
Min: 12.75 Med: 14.25 Max: 20.06
Current: 14.03
During the past 13 years, JAC Recruitment Co's highest Altman Z-Score was 20.06. The lowest was 12.75. And the median was 14.25.
JAC Recruitment Co (TSE:2124) 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.
Altman Z-Score does not apply to financial companies.
JAC Recruitment Co Altman Z-Score Related Terms
JAC Recruitment Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for JAC Recruitment Co'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.
TSE:2124 vs KFY, RHI, TNET: Altman Z-Score Comparison
For the Staffing & Employment Services subindustry, JAC Recruitment Co'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.
JAC Recruitment Co Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, JAC Recruitment Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where JAC Recruitment Co's Altman Z-Score falls into.
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.
JAC Recruitment Co'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
*
0.6209
+
1.4
*
0.8036
+
3.3
*
0.4734
+
0.6
*
20.9739
+
1.0
*
1.8131
=
17.83
* 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.
JAC Recruitment Co (TSE:2124) has a Altman Z-Score of 17.83 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on JAC Recruitment Co and its competitors. This is 25% above median its historical median of 14.25. Over the past decade, JAC Recruitment Co's Altman Z-Score has ranged from 12.75 to 20.06. According to the industry distribution chart, JAC Recruitment Co ranks #63 out of 1060 companies in the Business Services industry, placing it in the top 5.9%.
Is JAC Recruitment Co's Altman Z-Score too high?
JAC Recruitment Co's current Altman Z-Score of 17.83 is 25% above median its 10-year median of 14.25. Over the past 10 years, this metric has ranged from a low of 12.75 to a high of 20.06. The Business Services industry median Altman Z-Score is 2.97. JAC Recruitment Co's value of 17.83 is 501.3% above this industry median. Based on the distribution chart, JAC Recruitment Co ranks #63 out of 1060 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, JAC Recruitment Co has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JAC Recruitment Co's Altman Z-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, JAC Recruitment Co ranks #63 out of 1060 companies for Altman Z-Score. This places JAC Recruitment Co in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.97. JAC Recruitment Co's value of 17.83 is 501.3% above this benchmark. Historically, JAC Recruitment Co's own Altman Z-Score has ranged from 12.75 to 20.06 over the past decade. While the company's 10-year median is 14.25 vs. the industry median of 2.97, JAC Recruitment Co 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,060 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. JAC Recruitment Co's current Altman Z-Score of 17.83 is 501.3% 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 JAC Recruitment Co and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JAC Recruitment Co's current Altman Z-Score is 17.83, which is 25% above median its own 10-year median of 14.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JAC Recruitment Co stock overvalued right now?
Based on GuruFocus' analysis, JAC Recruitment Co (TSE:2124) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,040.55, compared to a current price of 円852.00 — trading 18.1% below its estimated fair value. The current Altman Z-Score is 17.83, which is 25% above median its 10-year median of 14.25 and 501.3% above the Business Services industry median of 2.97. JAC Recruitment Co's overall GF Score™ is 87/100. 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 JAC Recruitment Co (TSE:2124), the current Altman Z-Score is 17.83 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.
Is JAC Recruitment Co (TSE:2124) Overvalued in 2026?
Based on GuruFocus' analysis, JAC Recruitment Co stock appears to be undervalued.
The current stock price of 円852.00 is trading 18.1% below its estimated GF Value™ of 円1,040.55.
GuruFocus considers JAC Recruitment Co to be Modestly Undervalued.
Key valuation signals for TSE:2124:
Altman Z-Score: 17.83 (25% above median its 10-year median of 14.25)
GF Value™: 円1,040.55 vs. price of 円852.00 (18.1% below fair value)
Industry Position: 501.3% above the Business Services median (#63 of 1060)
No single metric tells the full story. See the TSE:2124 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JAC Recruitment Co Ltd provide appropriate and attentive consultation services to both companies seeking talent and candidates who wish to change jobs. Its recruitment services include JAC Recruitment, JAC Digital, JAC Executive, JAC International, JAC Career, VantagePoint, JAC Interim Professional Solutions, JAC RPO, and CareerCross.
87GF Score
Get the complete analysis for TSE:2124
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:2124 has been successfully added to your 
