AzearthTSE:3161 +0.15%65 Altman Z-Score is 3.94 as of Jul. 08, 2026, which is 6% above its 10-year median of 3.70. GuruFocus rates TSE:3161 with a GF Score™ of 65/100 and a GF Value™ of 円655.43 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,025 Manufacturing - Apparel & Accessories companies, Azearth ranks better than 73.07% 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 3.94 is strong.
Azearth has a Altman Z-Score of 3.94, 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 Azearth's Altman Z-Score or its related term are showing as below:
TSE:3161'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.34 Med: 3.7 Max: 4.29
Current: 3.94
During the past 13 years, Azearth's highest Altman Z-Score was 4.29. The lowest was 3.34. And the median was 3.70.
Azearth (TSE:3161) 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.
Azearth Altman Z-Score Related Terms
Azearth Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Azearth'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.
For the Textile Manufacturing subindustry, Azearth'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.
Azearth Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Azearth's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Azearth'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.
Azearth'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
*
0.568
+
1.4
*
0.5764
+
3.3
*
0.0252
+
0.6
*
2.3117
+
1.0
*
0.98
=
3.94
* 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.
Azearth (TSE:3161) has a Altman Z-Score of 3.94 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Azearth and its competitors. This is near median its historical median of 3.70. Over the past decade, Azearth's Altman Z-Score has ranged from 3.34 to 4.29. According to the industry distribution chart, Azearth ranks #276 out of 1025 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.9%.
Is Azearth's Altman Z-Score too high?
Azearth's current Altman Z-Score of 3.94 is near median its 10-year median of 3.70. Over the past 10 years, this metric has ranged from a low of 3.34 to a high of 4.29. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.54. Azearth's value of 3.94 is 55.1% above this industry median. Based on the distribution chart, Azearth ranks #276 out of 1025 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Azearth has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Azearth's Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Azearth ranks #276 out of 1025 companies for Altman Z-Score. This puts Azearth in the upper half of its industry. The industry median Altman Z-Score is 2.54. Azearth's value of 3.94 is 55.1% above this benchmark. Historically, Azearth's own Altman Z-Score has ranged from 3.34 to 4.29 over the past decade. While the company's 10-year median is 3.70 vs. the industry median of 2.54, Azearth 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.54, based on 1,025 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. Azearth's current Altman Z-Score of 3.94 is 55.1% 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 Azearth and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azearth's current Altman Z-Score is 3.94, which is near median its own 10-year median of 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azearth stock overvalued right now?
Based on GuruFocus' analysis, Azearth (TSE:3161) is currently considered Fairly Valued. The stock's GF Value™ is 円655.43, compared to a current price of 円661.00 — trading 0.8% above its estimated fair value. The current Altman Z-Score is 3.94, which is near median its 10-year median of 3.70 and 55.1% above the Manufacturing - Apparel & Accessories industry median of 2.54. Azearth's overall GF Score™ is 65/100 with 6 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 Azearth (TSE:3161), the current Altman Z-Score is 3.94 as of Jul. 08, 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 Azearth (TSE:3161) Overvalued in 2026?
Based on GuruFocus' analysis, Azearth stock appears to be overvalued.
The current stock price of 円661.00 is trading 0.8% above its estimated GF Value™ of 円655.43.
GuruFocus considers Azearth to be Fairly Valued.
Key valuation signals for TSE:3161:
Altman Z-Score: 3.94 (near median its 10-year median of 3.70)
GF Value™: 円655.43 vs. price of 円661.00 (0.8% above fair value)
Industry Position: 55.1% above the Manufacturing - Apparel & Accessories median (#276 of 1025)
No single metric tells the full story. See the TSE:3161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azearth Corp is a Japan-based company engaged in the manufacture and sale of protective wear, healthcare products, and life material products. It operates through three reportable segments: Protective Clothing & Environmental Equipment, Healthcare Products, and Life Materials. The Protective Clothing & Environmental Equipment segment includes chemical protective suits, industrial safety clothing, and related equipment. The Healthcare Products segment focuses on nonwoven fabric items such as masks and gowns used in medical settings. The Life Materials segment handles apparel materials like pile fabrics and offers a range of bedding products, including pillows and mattresses.
65GF Score
Get the complete analysis for TSE:3161
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3161 has been successfully added to your 
