Warabeya Nichiyo Holdings CoTSE:2918 +0.50%77 Altman Z-Score is 2.74 as of Jul. 12, 2026, which is 21% below its 10-year median of 3.48. GuruFocus rates TSE:2918 with a GF Score™ of 77/100 and a GF Value™ of 円2,872.80 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,932 Consumer Packaged Goods companies, Warabeya Nichiyo Holdings Co ranks worse than 50.31% 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 2.83 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.
Warabeya Nichiyo Holdings Co has a Altman Z-Score of 2.74, indicating it is in Grey Zones. This implies that Warabeya Nichiyo Holdings 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 Warabeya Nichiyo Holdings Co's Altman Z-Score or its related term are showing as below:
TSE:2918'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.8 Med: 3.48 Max: 3.94
Current: 2.83
During the past 13 years, Warabeya Nichiyo Holdings Co's highest Altman Z-Score was 3.94. The lowest was 2.80. And the median was 3.48.
Warabeya Nichiyo Holdings Co (TSE:2918) 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.
* 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, Warabeya Nichiyo 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.
Warabeya Nichiyo Holdings Co Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Warabeya Nichiyo Holdings Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Warabeya Nichiyo Holdings Co's Altman Z-Score falls into.
Warabeya Nichiyo Holdings 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.
* 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.
Warabeya Nichiyo Holdings Co (TSE:2918) has a Altman Z-Score of 2.74 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Warabeya Nichiyo Holdings Co and its competitors. This is 21% below median its historical median of 3.48. Over the past decade, Warabeya Nichiyo Holdings Co's Altman Z-Score has ranged from 2.80 to 3.94. According to the industry distribution chart, Warabeya Nichiyo Holdings Co ranks #972 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 50.3%.
Is Warabeya Nichiyo Holdings Co's Altman Z-Score too high?
Warabeya Nichiyo Holdings Co's current Altman Z-Score of 2.74 is 21% below median its 10-year median of 3.48. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 3.94. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Warabeya Nichiyo Holdings Co's value of 2.74 is 3.9% below this industry median. Based on the distribution chart, Warabeya Nichiyo Holdings Co ranks #972 out of 1932 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Warabeya Nichiyo Holdings Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Warabeya Nichiyo Holdings Co's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Warabeya Nichiyo Holdings Co ranks #972 out of 1932 companies for Altman Z-Score. This places Warabeya Nichiyo Holdings Co in the lower half of its industry. The industry median Altman Z-Score is 2.85. Warabeya Nichiyo Holdings Co's value of 2.74 is 3.9% below this benchmark. Historically, Warabeya Nichiyo Holdings Co's own Altman Z-Score has ranged from 2.80 to 3.94 over the past decade. While the company's 10-year median is 3.48 vs. the industry median of 2.85, Warabeya Nichiyo Holdings 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 1,932 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. Warabeya Nichiyo Holdings Co's current Altman Z-Score of 2.74 is 3.9% 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 Warabeya Nichiyo Holdings 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. Warabeya Nichiyo Holdings Co's current Altman Z-Score is 2.74, which is 21% below median its own 10-year median of 3.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warabeya Nichiyo Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Warabeya Nichiyo Holdings Co (TSE:2918) is currently considered Fairly Valued. The stock's GF Value™ is 円2,872.80, compared to a current price of 円2,631.00 — trading 8.4% below its estimated fair value. The current Altman Z-Score is 2.74, which is 21% below median its 10-year median of 3.48 and 3.9% below the Consumer Packaged Goods industry median of 2.85. Warabeya Nichiyo Holdings Co's overall GF Score™ is 77/100 with 2 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 Warabeya Nichiyo Holdings Co (TSE:2918), the current Altman Z-Score is 2.74 as of Jul. 12, 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 Warabeya Nichiyo Holdings Co (TSE:2918) Overvalued in 2026?
Based on GuruFocus' analysis, Warabeya Nichiyo Holdings Co stock appears to be undervalued.
The current stock price of 円2,631.00 is trading 8.4% below its estimated GF Value™ of 円2,872.80.
GuruFocus considers Warabeya Nichiyo Holdings Co to be Fairly Valued.
Key valuation signals for TSE:2918:
Altman Z-Score: 2.74 (21% below median its 10-year median of 3.48)
GF Value™: 円2,872.80 vs. price of 円2,631.00 (8.4% below fair value)
Industry Position: 3.9% below the Consumer Packaged Goods median (#972 of 1932)
No single metric tells the full story. See the TSE:2918 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warabeya Nichiyo Holdings Co Ltd is a Japan-based company engaged in manufacturing and sale of ready-made food products. It produces ready-to-eat meals for convenience stores which includes bento meal boxes, onigiri rice balls, and side dishes. The food products offered by the group are bento meal boxes, onigiri rice balls and sushi, chilled bento meal boxes, bread products, side dishes and noodles, and chilled Japanese sweets. The organization has business operations in Japan and in international countries. The segments of the company are Food Products Business, Food Ingredients Business, and Logistics Business. The Food Products business segment includes manufacturing and sales of cooked food and Logistics business segment relates to food delivery.
77GF Score
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