Arbeit-Times Co (TSE:2341) Altman Z-Score: 5.53 (As of Aug. 25, 2026) — 11% Below Median

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TSE:2341 Arbeit-Times Co Ltd TSE:2341
67 GF Score
Price 円173.00
GF Value 円227.31
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Arbeit-Times Co Altman Z-Score?

Arbeit-Times Co TSE:2341 +1.17% 67 Altman Z-Score is 5.53 as of Aug. 25, 2026, which is 11% below its 10-year median of 6.19. GuruFocus rates TSE:2341 with a GF Score™ of 67/100 and a GF Value™ of 円227.31 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,005 Media - Diversified companies, Arbeit-Times Co ranks better than 87.56% 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 5.68 is strong.

Arbeit-Times Co has a Altman Z-Score of 5.53, 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 Arbeit-Times Co's Altman Z-Score or its related term are showing as below:

TSE:2341' s Altman Z-Score Range Over the Past 10 Years
Min: 5.54   Med: 6.19   Max: 8.55
Current: 5.68

During the past 13 years, Arbeit-Times Co's highest Altman Z-Score was 8.55. The lowest was 5.54. And the median was 6.19.


Arbeit-Times Co  (TSE:2341) 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.


Arbeit-Times Co Altman Z-Score Related Terms


Arbeit-Times Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Arbeit-Times 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.

Arbeit-Times Co Altman Z-Score Chart

Arbeit-Times Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.93 6.05 5.54 5.82 5.91

Arbeit-Times Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 5.16 5.50 5.94 5.91 0.00

TSE:2341 vs NYT, WLY: Altman Z-Score Comparison

For the Publishing subindustry, Arbeit-Times 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.


Arbeit-Times Co Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Arbeit-Times Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Arbeit-Times Co's Altman Z-Score falls into.


TSE:2341
67GF Score
Arbeit-Times Co Ltd TSE:2341
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arbeit-Times Co 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.

Arbeit-Times 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*0.4443+1.4*0.8101+3.3*0.0674+0.6*3.8779+1.0*1.3171
=5.53

* 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 Feb. 2026:
Total Assets was 円3,646 Mil.
Total Current Assets was 円2,354 Mil.
Total Current Liabilities was 円734 Mil.
Retained Earnings was 円2,953 Mil.
Pre-Tax Income was 125.916 + 39.753 + 48.803 + 31.108 = 円246 Mil.
Interest Expense was -0.192 + -0.002 + -0.004 + -0.008 = 円-0 Mil.
Revenue was 1304 + 1170.195 + 1144.507 + 1183.246 = 円4,802 Mil.
Market Cap (Today) was 円3,128 Mil.
Total Liabilities was 円806 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
=(2354.176 - 734.404)/3645.805
=0.4443

X2=Retained Earnings/Total Assets
=2953.407/3645.805
=0.8101

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(245.58 - -0.206)/3645.805
=0.0674

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3127.501/806.494
=3.8779

X5=Revenue/Total Assets
=4801.948/3645.805
=1.3171

The zones of discrimination were as such:

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

Arbeit-Times Co has a Altman Z-Score of 5.53 indicating it is in Safe 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 5.53 mean?
Arbeit-Times Co (TSE:2341) has a Altman Z-Score of 5.53 as of Aug. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Arbeit-Times Co and its competitors. This is 11% below median its historical median of 6.19. Over the past decade, Arbeit-Times Co's Altman Z-Score has ranged from 5.54 to 8.55. According to the industry distribution chart, Arbeit-Times Co ranks #125 out of 1005 companies in the Media - Diversified industry, placing it in the top 12.4%.
Is Arbeit-Times Co's Altman Z-Score too high?
Arbeit-Times Co's current Altman Z-Score of 5.53 is 11% below median its 10-year median of 6.19. Over the past 10 years, this metric has ranged from a low of 5.54 to a high of 8.55. The Media - Diversified industry median Altman Z-Score is 2.00. Arbeit-Times Co's value of 5.53 is 176.5% above this industry median. Based on the distribution chart, Arbeit-Times Co ranks #125 out of 1005 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Arbeit-Times Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arbeit-Times Co's Altman Z-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Arbeit-Times Co ranks #125 out of 1005 companies for Altman Z-Score. This places Arbeit-Times Co in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.00. Arbeit-Times Co's value of 5.53 is 176.5% above this benchmark. Historically, Arbeit-Times Co's own Altman Z-Score has ranged from 5.54 to 8.55 over the past decade. While the company's 10-year median is 6.19 vs. the industry median of 2.00, Arbeit-Times 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 2.00, based on 1,005 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. Arbeit-Times Co's current Altman Z-Score of 5.53 is 176.5% 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 Arbeit-Times Co and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arbeit-Times Co's current Altman Z-Score is 5.53, which is 11% below median its own 10-year median of 6.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arbeit-Times Co stock overvalued right now?
Based on GuruFocus' analysis, Arbeit-Times Co (TSE:2341) is currently considered Modestly Undervalued. The stock's GF Value™ is 円227.31, compared to a current price of 円173.00 — trading 23.9% below its estimated fair value. The current Altman Z-Score is 5.53, which is 11% below median its 10-year median of 6.19 and 176.5% above the Media - Diversified industry median of 2.00. Arbeit-Times Co's overall GF Score™ is 67/100 with 1 warning sign 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 Arbeit-Times Co (TSE:2341), the current Altman Z-Score is 5.53 as of Aug. 25, 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 Arbeit-Times Co (TSE:2341) Overvalued in 2026?

Based on GuruFocus' analysis, Arbeit-Times Co stock appears to be undervalued. The current stock price of 円173.00 is trading 23.9% below its estimated GF Value™ of 円227.31. GuruFocus considers Arbeit-Times Co to be Modestly Undervalued.

Key valuation signals for TSE:2341:

  • Altman Z-Score: 5.53 (11% below median its 10-year median of 6.19)
  • GF Value™: 円227.31 vs. price of 円173.00 (23.9% below fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 176.5% above the Media - Diversified median (#125 of 1005)

No single metric tells the full story. See the TSE:2341 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Arbeit-Times Co Business Description

Address 2-6-13 Kyobashi, 5th Floor, Kyobashi Yotsugi Building, Chuo-ku, Tokyo, JPN, 104-0031
Arbeit-Times Co Ltd is a Japan-based company engaged in the business of publishing magazines. The company edits and issues free job recruitment magazine under the brand name DOMO. It also provides job-related information through its online websites. In addition, it is also involved in the free paper agent intermediary and direct promotion business activities. The Group has two reportable segments: Information provision business; and Sales promotion support business.
67GF Score

Get the complete analysis for TSE:2341

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

円173.00
Price
円227.31
GF Value