Enish (TSE:3667) Altman Z-Score: -9.17 (As of Jul. 04, 2026)


TSE:3667 Enish Inc TSE:3667
32 GF Score
Price 円30.00
GF Value 円73.62
Valuation Possible Value Trap
! 5 Warning Signs
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What is Enish Altman Z-Score?

Enish TSE:3667 -6.25% 32 Altman Z-Score is -9.17 as of Jul. 04, 2026. GuruFocus rates TSE:3667 with a GF Score™ of 32/100 and a GF Value™ of 円73.62 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 548 Interactive Media companies, Enish ranks worse than 93.8% 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 -7.13 is in distress zone. This implies bankruptcy possibility in the next two years.

Enish has a Altman Z-Score of -9.17, 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 Enish's Altman Z-Score or its related term are showing as below:

TSE:3667' s Altman Z-Score Range Over the Past 10 Years
Min: -7.13   Med: 0.96   Max: 7.26
Current: -7.13

During the past 13 years, Enish's highest Altman Z-Score was 7.26. The lowest was -7.13. And the median was 0.96.


Enish  (TSE:3667) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Enish Altman Z-Score Related Terms


Enish Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Enish'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.

Enish Altman Z-Score Chart

Enish Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.82 1.50 -3.88 -3.60 -6.52

Enish Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.60 -3.07 -4.10 -6.52 0.00

TSE:3667 vs NTES, EA, TTWO: Altman Z-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Enish'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.


Enish Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Enish's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Enish's Altman Z-Score falls into.


TSE:3667
32GF Score
Enish Inc TSE:3667
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Enish 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.

Enish'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*0.4489+1.4*-7.5609+3.3*-0.7443+0.6*3.302+1.0*1.3505
=-9.17

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was 円1,236.7 Mil.
Total Current Assets was 円966.6 Mil.
Total Current Liabilities was 円411.4 Mil.
Retained Earnings was 円-9,350.3 Mil.
Pre-Tax Income was -306.04 + 0 + -474.033 + -157.393 = 円-937.5 Mil.
Interest Expense was -0.011 + 0 + -9.011 + -8.011 = 円-17.0 Mil.
Revenue was 476.371 + 0 + 519.237 + 674.528 = 円1,670.1 Mil.
Market Cap (Today) was 円1,367.8 Mil.
Total Liabilities was 円414.2 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(966.57 - 411.421)/1236.673
=0.4489

X2=Retained Earnings/Total Assets
=-9350.342/1236.673
=-7.5609

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-937.466 - -17.033)/1236.673
=-0.7443

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1367.786/414.234
=3.302

X5=Revenue/Total Assets
=1670.136/1236.673
=1.3505

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Enish has a Altman Z-Score of -9.17 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of -9.17 mean?
Enish (TSE:3667) has a Altman Z-Score of -9.17 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Enish and its competitors. According to the industry distribution chart, Enish ranks #514 out of 548 companies in the Interactive Media industry, placing it in the top 93.8%.
Is Enish's Altman Z-Score too high?
Enish's current Altman Z-Score is -9.17. Based on the distribution chart, Enish ranks #514 out of 548 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Enish has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Enish's Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Enish ranks #514 out of 548 companies for Altman Z-Score. This places Enish in the lower half of its industry. The industry median Altman Z-Score is 3.03. 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 an Interactive Media company?
The median Altman Z-Score among Interactive Media companies is 3.03, based on 548 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. 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 Enish and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enish's current Altman Z-Score is -9.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enish stock overvalued right now?
Based on GuruFocus' analysis, Enish (TSE:3667) is currently considered Possible Value Trap. The stock's GF Value™ is 円73.62, compared to a current price of 円30.00 — trading 59.3% below its estimated fair value. The current Altman Z-Score is -9.17. Enish's overall GF Score™ is 32/100 with 5 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 Enish (TSE:3667), the current Altman Z-Score is -9.17 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 Enish (TSE:3667) Overvalued in 2026?

Based on GuruFocus' analysis, Enish stock appears to be undervalued. The current stock price of 円30.00 is trading 59.3% below its estimated GF Value™ of 円73.62. GuruFocus considers Enish to be Possible Value Trap.

Key valuation signals for TSE:3667:

  • Altman Z-Score: -9.17
  • GF Value™: 円73.62 vs. price of 円30.00 (59.3% below fair value)
  • GF Score™: 32/100 with 5 warning signs

No single metric tells the full story. See the TSE:3667 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Enish Business Description

Address 1-13-1 Hiroo Fuji Machinery Building, 6F- 8F Hiroo, Shibuya-ku, Tokyo, JPN
Enish Inc is a Japan-based company engaged in mobile games business, including the planning, developing and providing social apps through the Internet. The social apps developed by the company are provided through social game platforms such as GREE, and it pays system usage fees while outsourcing fee collection to these social game platform operators.
32GF Score

Get the complete analysis for TSE:3667

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円30.00
Price
円73.62
GF Value