WIN-Partners CoTSE:3183 +0.31%63 Altman Z-Score is 3.80 as of Jul. 09, 2026, which is 4% below its 10-year median of 3.95. GuruFocus rates TSE:3183 with a GF Score™ of 63/100 and a GF Value™ of 円1,522.55 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 117 Medical Distribution companies, WIN-Partners Co ranks better than 74.36% 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 3.77 is strong.
WIN-Partners Co has a Altman Z-Score of 3.80, 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 WIN-Partners Co's Altman Z-Score or its related term are showing as below:
TSE:3183'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.76 Med: 3.95 Max: 4.6
Current: 3.77
During the past 13 years, WIN-Partners Co's highest Altman Z-Score was 4.60. The lowest was 3.76. And the median was 3.95.
WIN-Partners Co (TSE:3183) 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.
WIN-Partners Co Altman Z-Score Related Terms
WIN-Partners Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for WIN-Partners 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.
TSE:3183 vs MCK, CAH, COR: Altman Z-Score Comparison
For the Medical Distribution subindustry, WIN-Partners 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.
WIN-Partners Co Altman Z-Score vs Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, WIN-Partners Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where WIN-Partners Co'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.
WIN-Partners 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
*
0.3479
+
1.4
*
0.442
+
3.3
*
0.0609
+
0.6
*
1.2924
+
1.0
*
1.7853
=
3.80
* 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.
WIN-Partners Co (TSE:3183) has a Altman Z-Score of 3.80 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on WIN-Partners Co and its competitors. This is near median its historical median of 3.95. Over the past decade, WIN-Partners Co's Altman Z-Score has ranged from 3.76 to 4.60. According to the industry distribution chart, WIN-Partners Co ranks #30 out of 117 companies in the Medical Distribution industry, placing it in the top 25.6%.
Is WIN-Partners Co's Altman Z-Score too high?
WIN-Partners Co's current Altman Z-Score of 3.80 is near median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 3.76 to a high of 4.60. The Medical Distribution industry median Altman Z-Score is 2.49. WIN-Partners Co's value of 3.80 is 52.6% above this industry median. Based on the distribution chart, WIN-Partners Co ranks #30 out of 117 companies in the Medical Distribution industry, which is above the industry midpoint. Overall, WIN-Partners Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does WIN-Partners Co's Altman Z-Score compare to MCK and CAH?
According to the Medical Distribution industry distribution chart, WIN-Partners Co ranks #30 out of 117 companies for Altman Z-Score. This puts WIN-Partners Co in the upper half of its industry. The industry median Altman Z-Score is 2.49. WIN-Partners Co's value of 3.80 is 52.6% above this benchmark. Historically, WIN-Partners Co's own Altman Z-Score has ranged from 3.76 to 4.60 over the past decade. While the company's 10-year median is 3.95 vs. the industry median of 2.49, WIN-Partners 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 Medical Distribution company?
The median Altman Z-Score among Medical Distribution companies is 2.49, based on 117 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. WIN-Partners Co's current Altman Z-Score of 3.80 is 52.6% 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 WIN-Partners Co and its competitors. For the Medical Distribution industry, the median Altman Z-Score is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WIN-Partners Co's current Altman Z-Score is 3.80, which is near median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WIN-Partners Co stock overvalued right now?
Based on GuruFocus' analysis, WIN-Partners Co (TSE:3183) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,522.55, compared to a current price of 円1,285.00 — trading 15.6% below its estimated fair value. The current Altman Z-Score is 3.80, which is near median its 10-year median of 3.95 and 52.6% above the Medical Distribution industry median of 2.49. WIN-Partners Co's overall GF Score™ is 63/100 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 WIN-Partners Co (TSE:3183), the current Altman Z-Score is 3.80 as of Jul. 09, 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 WIN-Partners Co (TSE:3183) Overvalued in 2026?
Based on GuruFocus' analysis, WIN-Partners Co stock appears to be undervalued.
The current stock price of 円1,285.00 is trading 15.6% below its estimated GF Value™ of 円1,522.55.
GuruFocus considers WIN-Partners Co to be Modestly Undervalued.
Key valuation signals for TSE:3183:
Altman Z-Score: 3.80 (near median its 10-year median of 3.95)
GF Value™: 円1,522.55 vs. price of 円1,285.00 (15.6% below fair value)
Industry Position: 52.6% above the Medical Distribution median (#30 of 117)
No single metric tells the full story. See the TSE:3183 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WIN-Partners Co Ltd is engaged in the healthcare sector. The company provides medical devices to Japan's medical institutions. Its products offerings are Cardiovascular device, Insulin Pump, X-ray Angio System, Carotid Artery Stent, Stent Graft, among others. The company operates only in one segment which is the medical equipment sales business.
63GF Score
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