Meiji Holdings CoTSE:2269 +0.48%66 Altman Z-Score is 3.49 as of Jul. 02, 2026, which is 5% below its 10-year median of 3.68. GuruFocus rates TSE:2269 with a GF Score™ of 66/100 and a GF Value™ of 円3,758.19 (Fairly Valued). The stock has 9 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, Meiji Holdings Co ranks better than 60.89% 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 3.5 is strong.
Meiji Holdings Co has a Altman Z-Score of 3.49, 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 Meiji Holdings Co's Altman Z-Score or its related term are showing as below:
TSE:2269'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.48 Med: 3.68 Max: 4.25
Current: 3.5
During the past 13 years, Meiji Holdings Co's highest Altman Z-Score was 4.25. The lowest was 3.48. And the median was 3.68.
Meiji Holdings Co (TSE:2269) 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.
Meiji Holdings Co Altman Z-Score Related Terms
Meiji Holdings Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Meiji Holdings 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.
For the Packaged Foods subindustry, Meiji Holdings 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.
Meiji Holdings Co Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Meiji Holdings Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Meiji Holdings 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.
Meiji Holdings 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
*
0.2156
+
1.4
*
0.5178
+
3.3
*
0.0547
+
0.6
*
2.3222
+
1.0
*
0.9302
=
3.49
* 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.
Meiji Holdings Co (TSE:2269) has a Altman Z-Score of 3.49 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Meiji Holdings Co and its competitors. This is near median its historical median of 3.68. Over the past decade, Meiji Holdings Co's Altman Z-Score has ranged from 3.48 to 4.25. According to the industry distribution chart, Meiji Holdings Co ranks #754 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 39.1%.
Is Meiji Holdings Co's Altman Z-Score too high?
Meiji Holdings Co's current Altman Z-Score of 3.49 is near median its 10-year median of 3.68. Over the past 10 years, this metric has ranged from a low of 3.48 to a high of 4.25. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Meiji Holdings Co's value of 3.49 is 23.3% above this industry median. Based on the distribution chart, Meiji Holdings Co ranks #754 out of 1928 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Meiji Holdings Co has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meiji Holdings Co's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Meiji Holdings Co ranks #754 out of 1928 companies for Altman Z-Score. This puts Meiji Holdings Co in the upper half of its industry. The industry median Altman Z-Score is 2.83. Meiji Holdings Co's value of 3.49 is 23.3% above this benchmark. Historically, Meiji Holdings Co's own Altman Z-Score has ranged from 3.48 to 4.25 over the past decade. While the company's 10-year median is 3.68 vs. the industry median of 2.83, Meiji Holdings 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,928 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. Meiji Holdings Co's current Altman Z-Score of 3.49 is 23.3% 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 Meiji Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meiji Holdings Co's current Altman Z-Score is 3.49, which is near median its own 10-year median of 3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meiji Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Meiji Holdings Co (TSE:2269) is currently considered Fairly Valued. The stock's GF Value™ is 円3,758.19, compared to a current price of 円3,805.00 — trading 1.2% above its estimated fair value. The current Altman Z-Score is 3.49, which is near median its 10-year median of 3.68 and 23.3% above the Consumer Packaged Goods industry median of 2.83. Meiji Holdings Co's overall GF Score™ is 66/100 with 9 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 Meiji Holdings Co (TSE:2269), the current Altman Z-Score is 3.49 as of Jul. 02, 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 Meiji Holdings Co (TSE:2269) Overvalued in 2026?
Based on GuruFocus' analysis, Meiji Holdings Co stock appears to be overvalued.
The current stock price of 円3,805.00 is trading 1.2% above its estimated GF Value™ of 円3,758.19.
GuruFocus considers Meiji Holdings Co to be Fairly Valued.
Key valuation signals for TSE:2269:
Altman Z-Score: 3.49 (near median its 10-year median of 3.68)
GF Value™: 円3,758.19 vs. price of 円3,805.00 (1.2% above fair value)
Industry Position: 23.3% above the Consumer Packaged Goods median (#754 of 1928)
No single metric tells the full story. See the TSE:2269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meiji Holdings was established in 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. A surge in commodity prices, Japan's aging and shrinking population, and fierce competition propelled the amalgamation. The food business—dairy, cacao, nutrition, and food solutions—represents about 80% of the group's sales and 70% of profits. The rest comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Overseas food operations, mainly in China, the US, and Southeast Asia, constitute merely 6.5% of the group's sales, which are in the red due to a surge in investment in China's new factories and fierce price competition initiated by Chinese dairymakers.
66GF Score
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