OHMORIYA Co (TSE:2917) Altman Z-Score: 1.90 (As of Jul. 15, 2026) — 46% Below Median

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TSE:2917 OHMORIYA Co Ltd TSE:2917
54 GF Score
Price 円930.00
GF Value 円977.29
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is OHMORIYA Co Altman Z-Score?

OHMORIYA Co TSE:2917 54 Altman Z-Score is 1.90 as of Jul. 15, 2026, which is 46% below its 10-year median of 3.53. GuruFocus rates TSE:2917 with a GF Score™ of 54/100 and a GF Value™ of 円977.29 (Fairly Valued). The stock has 11 warning signs investors should review. Among 1,930 Consumer Packaged Goods companies, OHMORIYA Co ranks worse than 68.13% 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 1.9 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.

OHMORIYA Co has a Altman Z-Score of 1.90, indicating it is in Grey Zones. This implies that OHMORIYA Co 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 OHMORIYA Co's Altman Z-Score or its related term are showing as below:

TSE:2917' s Altman Z-Score Range Over the Past 10 Years
Min: 1.8   Med: 3.53   Max: 4.15
Current: 1.9

During the past 13 years, OHMORIYA Co's highest Altman Z-Score was 4.15. The lowest was 1.80. And the median was 3.53.


OHMORIYA Co  (TSE:2917) 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.


OHMORIYA Co Altman Z-Score Related Terms


OHMORIYA Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for OHMORIYA 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.

OHMORIYA Co Altman Z-Score Chart

OHMORIYA Co Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.75 3.49 3.54 3.31 1.89

OHMORIYA Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 2.83 3.31 1.80 1.89 0.00

TSE:2917 vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, OHMORIYA 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.


OHMORIYA Co Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, OHMORIYA Co's Altman Z-Score distribution charts can be found below:

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


TSE:2917
54GF Score
OHMORIYA Co Ltd TSE:2917
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OHMORIYA 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.

OHMORIYA 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*0.3353+1.4*0.4035+3.3*-0.001+0.6*0.3839+1.0*0.7009
=1.90

* 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 Sep. 2025:
Total Assets was 円23,557 Mil.
Total Current Assets was 円17,728 Mil.
Total Current Liabilities was 円9,829 Mil.
Retained Earnings was 円9,506 Mil.
Pre-Tax Income was 円-74 Mil.
Interest Expense was 円-51 Mil.
Revenue was 円16,511 Mil.
Market Cap (Today) was 円4,617 Mil.
Total Liabilities was 円12,028 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
=(17727.51 - 9829.413)/23556.626
=0.3353

X2=Retained Earnings/Total Assets
=9506.268/23556.626
=0.4035

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-73.873 - -50.596)/23556.626
=-0.001

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4617.480/12028.341
=0.3839

X5=Revenue/Total Assets
=16511.214/23556.626
=0.7009

The zones of discrimination were as such:

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

OHMORIYA Co has a Altman Z-Score of 1.90 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 1.90 mean?
OHMORIYA Co (TSE:2917) has a Altman Z-Score of 1.90 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on OHMORIYA Co and its competitors. This is 46% below median its historical median of 3.53. Over the past decade, OHMORIYA Co's Altman Z-Score has ranged from 1.80 to 4.15. According to the industry distribution chart, OHMORIYA Co ranks #1315 out of 1930 companies in the Consumer Packaged Goods industry, placing it in the top 68.1%.
Is OHMORIYA Co's Altman Z-Score too high?
OHMORIYA Co's current Altman Z-Score of 1.90 is 46% below median its 10-year median of 3.53. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 4.15. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. OHMORIYA Co's value of 1.90 is 33.3% below this industry median. Based on the distribution chart, OHMORIYA Co ranks #1315 out of 1930 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, OHMORIYA Co has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does OHMORIYA Co's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, OHMORIYA Co ranks #1315 out of 1930 companies for Altman Z-Score. This places OHMORIYA Co in the lower half of its industry. The industry median Altman Z-Score is 2.85. OHMORIYA Co's value of 1.90 is 33.3% below this benchmark. Historically, OHMORIYA Co's own Altman Z-Score has ranged from 1.80 to 4.15 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 2.85, OHMORIYA Co 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,930 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. OHMORIYA Co's current Altman Z-Score of 1.90 is 33.3% 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 OHMORIYA Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OHMORIYA Co's current Altman Z-Score is 1.90, which is 46% below median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OHMORIYA Co stock overvalued right now?
Based on GuruFocus' analysis, OHMORIYA Co (TSE:2917) is currently considered Fairly Valued. The stock's GF Value™ is 円977.29, compared to a current price of 円930.00 — trading 4.8% below its estimated fair value. The current Altman Z-Score is 1.90, which is 46% below median its 10-year median of 3.53 and 33.3% below the Consumer Packaged Goods industry median of 2.85. OHMORIYA Co's overall GF Score™ is 54/100 with 11 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 OHMORIYA Co (TSE:2917), the current Altman Z-Score is 1.90 as of Jul. 15, 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 OHMORIYA Co (TSE:2917) Overvalued in 2026?

Based on GuruFocus' analysis, OHMORIYA Co stock appears to be undervalued. The current stock price of 円930.00 is trading 4.8% below its estimated GF Value™ of 円977.29. GuruFocus considers OHMORIYA Co to be Fairly Valued.

Key valuation signals for TSE:2917:

  • Altman Z-Score: 1.90 (46% below median its 10-year median of 3.53)
  • GF Value™: 円977.29 vs. price of 円930.00 (4.8% below fair value)
  • GF Score™: 54/100 with 11 warning signs
  • Industry Position: 33.3% below the Consumer Packaged Goods median (#1315 of 1930)

No single metric tells the full story. See the TSE:2917 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OHMORIYA Co Business Description

Address 34 No. 3 No. 4-chome, Fukushima-ku, Osaka, JPN
OHMORIYA Co Ltd is a Japanese based company engaged in the manufacturing and sale of seaweed products. The company specializes in dried seaweed and seasoned laver for home and commercial use. It provides processed seaweed products for gift items and also produces a variety of toppings for rice and pasta. In addition, the company also offers sprinkle, tea and soup products.
54GF Score

Get the complete analysis for TSE:2917

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

円930.00
Price
円977.29
GF Value