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Reiwa Accounting Holdings CoTSE:296A -0.81%23 Altman Z-Score is 16.45 as of Jul. 14, 2026, which is 12% above its 10-year median of 14.64. GuruFocus rates TSE:296A with a GF Score™ of 23/100. The stock has 3 warning signs investors should review. Among 1,062 Business Services companies, Reiwa Accounting Holdings Co ranks better than 95.1% 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 16.55 is strong.
Reiwa Accounting Holdings Co has a Altman Z-Score of 16.45, 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 Reiwa Accounting Holdings Co's Altman Z-Score or its related term are showing as below:
TSE:296A'
s Altman Z-Score Range Over the Past 10 Years
Min: 11.87 Med: 14.64 Max: 17.41
Current: 16.55
During the past 4 years, Reiwa Accounting Holdings Co's highest Altman Z-Score was 17.41. The lowest was 11.87. And the median was 14.64.
Reiwa Accounting Holdings Co (TSE:296A) 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.
TSE:296A vs CTAS, CPRT, ULS: Altman Z-Score Comparison
For the Specialty Business Services subindustry, Reiwa Accounting 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.
Reiwa Accounting Holdings Co Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Reiwa Accounting Holdings Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Reiwa Accounting Holdings Co's Altman Z-Score falls into.
Reiwa Accounting 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.
Reiwa Accounting Holdings Co (TSE:296A) has a Altman Z-Score of 16.45 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Reiwa Accounting Holdings Co and its competitors. This is 12% above median its historical median of 14.64. Over the past decade, Reiwa Accounting Holdings Co's Altman Z-Score has ranged from 11.87 to 17.41. According to the industry distribution chart, Reiwa Accounting Holdings Co ranks #52 out of 1062 companies in the Business Services industry, placing it in the top 4.9%.
Is Reiwa Accounting Holdings Co's Altman Z-Score too high?
Reiwa Accounting Holdings Co's current Altman Z-Score of 16.45 is 12% above median its 10-year median of 14.64. Over the past 10 years, this metric has ranged from a low of 11.87 to a high of 17.41. The Business Services industry median Altman Z-Score is 2.96. Reiwa Accounting Holdings Co's value of 16.45 is 456.7% above this industry median. Based on the distribution chart, Reiwa Accounting Holdings Co ranks #52 out of 1062 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Reiwa Accounting Holdings Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Reiwa Accounting Holdings Co's Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Reiwa Accounting Holdings Co ranks #52 out of 1062 companies for Altman Z-Score. This places Reiwa Accounting Holdings Co in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.96. Reiwa Accounting Holdings Co's value of 16.45 is 456.7% above this benchmark. Historically, Reiwa Accounting Holdings Co's own Altman Z-Score has ranged from 11.87 to 17.41 over the past decade. While the company's 10-year median is 14.64 vs. the industry median of 2.96, Reiwa Accounting 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.96, based on 1,062 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. Reiwa Accounting Holdings Co's current Altman Z-Score of 16.45 is 456.7% 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 Reiwa Accounting Holdings Co and its competitors. For the Business Services industry, the median Altman Z-Score is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reiwa Accounting Holdings Co's current Altman Z-Score is 16.45, which is 12% above median its own 10-year median of 14.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reiwa Accounting Holdings Co stock overvalued right now?
Reiwa Accounting Holdings Co (TSE:296A) has a current Altman Z-Score of 16.45. The current Altman Z-Score is 16.45, which is 12% above median its 10-year median of 14.64 and 456.7% above the Business Services industry median of 2.96. Reiwa Accounting Holdings Co's overall GF Score™ is 23/100 with 3 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 Reiwa Accounting Holdings Co (TSE:296A), the current Altman Z-Score is 16.45 as of Jul. 14, 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.
Reiwa Accounting Holdings Co Ltd provides comprehensive support to large corporations, firstly publicly listed companies, in daily accounting operations, financial closing, consolidation, disclosure, and M&A support. The company ensures seamless assistance and builds long-term relationships.
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