Care TwentyoneTSE:2373 -0.73%59 Altman Z-Score is 1.98 as of Jul. 03, 2026, which is 40% above its 10-year median of 1.41. GuruFocus rates TSE:2373 with a GF Score™ of 59/100 and a GF Value™ of 円479.21 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 660 Healthcare Providers & Services companies, Care Twentyone ranks worse than 57.42% 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 1.98 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.
Care Twentyone has a Altman Z-Score of 1.98, indicating it is in Grey Zones. This implies that Care Twentyone 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 Care Twentyone's Altman Z-Score or its related term are showing as below:
TSE:2373'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.96 Med: 1.41 Max: 2
Current: 1.98
During the past 13 years, Care Twentyone's highest Altman Z-Score was 2.00. The lowest was 0.96. And the median was 1.41.
Care Twentyone (TSE:2373) 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.
Care Twentyone Altman Z-Score Related Terms
Care Twentyone Altman Z-Score Historical Data
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The historical data trend for Care Twentyone'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:2373 vs HCA, THC, DVA: Altman Z-Score Comparison
For the Medical Care Facilities subindustry, Care Twentyone'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.
Care Twentyone Altman Z-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Care Twentyone's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Care Twentyone'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.
Care Twentyone'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
*
0.0217
+
1.4
*
0.1081
+
3.3
*
0.0373
+
0.6
*
0.2079
+
1.0
*
1.552
=
1.98
* 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.
Care Twentyone (TSE:2373) has a Altman Z-Score of 1.98 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Care Twentyone and its competitors. This is 40% above median its historical median of 1.41. Over the past decade, Care Twentyone's Altman Z-Score has ranged from 0.96 to 2.00. According to the industry distribution chart, Care Twentyone ranks #379 out of 660 companies in the Healthcare Providers & Services industry, placing it in the top 57.4%.
Is Care Twentyone's Altman Z-Score too high?
Care Twentyone's current Altman Z-Score of 1.98 is 40% above median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 2.00. The Healthcare Providers & Services industry median Altman Z-Score is 2.44. Care Twentyone's value of 1.98 is 18.9% below this industry median. Based on the distribution chart, Care Twentyone ranks #379 out of 660 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Care Twentyone has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Care Twentyone's Altman Z-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Care Twentyone ranks #379 out of 660 companies for Altman Z-Score. This places Care Twentyone in the lower half of its industry. The industry median Altman Z-Score is 2.44. Care Twentyone's value of 1.98 is 18.9% below this benchmark. Historically, Care Twentyone's own Altman Z-Score has ranged from 0.96 to 2.00 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 2.44, Care Twentyone has consistently been below 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 Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.44, based on 660 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. Care Twentyone's current Altman Z-Score of 1.98 is 18.9% below 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 Care Twentyone and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Care Twentyone's current Altman Z-Score is 1.98, which is 40% above median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Care Twentyone stock overvalued right now?
Based on GuruFocus' analysis, Care Twentyone (TSE:2373) is currently considered Modestly Undervalued. The stock's GF Value™ is 円479.21, compared to a current price of 円408.00 — trading 14.9% below its estimated fair value. The current Altman Z-Score is 1.98, which is 40% above median its 10-year median of 1.41 and 18.9% below the Healthcare Providers & Services industry median of 2.44. Care Twentyone's overall GF Score™ is 59/100 with 5 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 Care Twentyone (TSE:2373), the current Altman Z-Score is 1.98 as of Jul. 03, 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 Care Twentyone (TSE:2373) Overvalued in 2026?
Based on GuruFocus' analysis, Care Twentyone stock appears to be undervalued.
The current stock price of 円408.00 is trading 14.9% below its estimated GF Value™ of 円479.21.
GuruFocus considers Care Twentyone to be Modestly Undervalued.
Key valuation signals for TSE:2373:
Altman Z-Score: 1.98 (40% above median its 10-year median of 1.41)
GF Value™: 円479.21 vs. price of 円408.00 (14.9% below fair value)
Industry Position: 18.9% below the Healthcare Providers & Services median (#379 of 660)
No single metric tells the full story. See the TSE:2373 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Care Twentyone Corp provides nursing care services. It also leases and sells nursing equipment as well as operates a nursing home for the elder people. It also provides daycare homes, nursing homes, and group homes. It is also engaged in small-scale multifunctional home care, welfare equipment sales, rental and housing repair and light work contracting business. The company has two reportable segments based on its business model: In-home nursing care business; and Facility-based nursing care business. The home care business provides visiting care services, home care support services, day care services, etc. The Facility-based Nursing Care Business operates paid nursing homes and group homes.
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