Anap HoldingsTSE:3189 +2.73%31 Altman Z-Score is 0.55 as of Jul. 04, 2026, which is 84% below its 10-year median of 3.40. GuruFocus rates TSE:3189 with a GF Score™ of 31/100 and a GF Value™ of 円31.33 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Anap Holdings ranks worse than 89.22% 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 0.48 is in distress zone. This implies bankruptcy possibility in the next two years.
Anap Holdings has a Altman Z-Score of 0.55, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Anap Holdings's Altman Z-Score or its related term are showing as below:
TSE:3189'
s Altman Z-Score Range Over the Past 10 Years
Min: -9.84 Med: 3.4 Max: 14.1
Current: 0.48
During the past 13 years, Anap Holdings's highest Altman Z-Score was 14.10. The lowest was -9.84. And the median was 3.40.
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.
Anap Holdings Altman Z-Score Related Terms
Anap Holdings Altman Z-Score Historical Data
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The historical data trend for Anap Holdings'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:3189 vs TJX, ROST, BURL: Altman Z-Score Comparison
For the Apparel Retail subindustry, Anap Holdings'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.
Anap Holdings Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Anap Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Anap Holdings'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.
Anap Holdings'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
*
0.6794
+
1.4
*
-0.3222
+
3.3
*
-0.1372
+
0.6
*
0.8967
+
1.0
*
0.0969
=
0.55
* 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.
Anap Holdings (TSE:3189) has a Altman Z-Score of 0.55 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Anap Holdings and its competitors. This is 84% below median its historical median of 3.40. According to the industry distribution chart, Anap Holdings ranks #993 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 89.2%.
Is Anap Holdings' Altman Z-Score too high?
Anap Holdings' current Altman Z-Score of 0.55 is 84% below median its 10-year median of 3.40. The Retail - Cyclical industry median Altman Z-Score is 2.72. Anap Holdings' value of 0.55 is 79.8% below this industry median. Based on the distribution chart, Anap Holdings ranks #993 out of 1113 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Anap Holdings has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anap Holdings' Altman Z-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Anap Holdings ranks #993 out of 1113 companies for Altman Z-Score. This places Anap Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.72. Anap Holdings' value of 0.55 is 79.8% below this benchmark. While the company's 10-year median is 3.40 vs. the industry median of 2.72, Anap Holdings 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.72, based on 1,113 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. Anap Holdings's current Altman Z-Score of 0.55 is 79.8% 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 Anap Holdings and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anap Holdings's current Altman Z-Score is 0.55, which is 84% below median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anap Holdings stock overvalued right now?
Based on GuruFocus' analysis, Anap Holdings (TSE:3189) is currently considered Significantly Overvalued. The stock's GF Value™ is 円31.33, compared to a current price of 円113.00 — trading 260.7% above its estimated fair value. The current Altman Z-Score is 0.55, which is 84% below median its 10-year median of 3.40 and 79.8% below the Retail - Cyclical industry median of 2.72. Anap Holdings' overall GF Score™ is 31/100 with 10 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 Anap Holdings (TSE:3189), the current Altman Z-Score is 0.55 as of Jul. 04, 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 Anap Holdings (TSE:3189) Overvalued in 2026?
Based on GuruFocus' analysis, Anap Holdings stock appears to be overvalued.
The current stock price of 円113.00 is trading 260.7% above its estimated GF Value™ of 円31.33.
GuruFocus considers Anap Holdings to be Significantly Overvalued.
Key valuation signals for TSE:3189:
Altman Z-Score: 0.55 (84% below median its 10-year median of 3.40)
GF Value™: 円31.33 vs. price of 円113.00 (260.7% above fair value)
Industry Position: 79.8% below the Retail - Cyclical median (#993 of 1113)
No single metric tells the full story. See the TSE:3189 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anap Holdings Inc operates a variety of businesses, including apparel, beauty, relaxation, and investment. The company is engaged in formulating and implementing management strategies for the entire group of companies involved in casual clothing sales, beauty salon-related businesses, investment businesses, and others.
31GF Score
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