Double Standard (TSE:3925) Altman Z-Score: 17.98 (As of Jul. 22, 2026) — 22% Below Median

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TSE:3925 Double Standard Inc TSE:3925
71 GF Score
Price 円1,229.00
GF Value 円1,563.59
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Double Standard Altman Z-Score?

Double Standard TSE:3925 +0.74% 71 Altman Z-Score is 17.98 as of Jul. 22, 2026, which is 22% below its 10-year median of 22.92. GuruFocus rates TSE:3925 with a GF Score™ of 71/100 and a GF Value™ of 円1,563.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,766 Software companies, Double Standard ranks better than 94.18% 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 17.52 is strong.

Double Standard has a Altman Z-Score of 17.98, 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 Double Standard's Altman Z-Score or its related term are showing as below:

TSE:3925' s Altman Z-Score Range Over the Past 10 Years
Min: 14.63   Med: 22.92   Max: 52.99
Current: 17.52

During the past 12 years, Double Standard's highest Altman Z-Score was 52.99. The lowest was 14.63. And the median was 22.92.


Double Standard  (TSE:3925) 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.


Double Standard Altman Z-Score Related Terms


Double Standard Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Double Standard'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.

Double Standard Altman Z-Score Chart

Double Standard Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.54 22.29 18.90 14.63 19.56

Double Standard Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 18.90 18.49 14.63 0.00 19.56

TSE:3925 vs IBM, ACN, FISV: Altman Z-Score Comparison

For the Information Technology Services subindustry, Double Standard'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.


Double Standard Altman Z-Score vs Software Industry

For the Software industry and Technology sector, Double Standard's Altman Z-Score distribution charts can be found below:

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


TSE:3925
71GF Score
Double Standard Inc TSE:3925
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Double Standard 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.

Double Standard'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*0.7769+1.4*0.8626+3.3*0.22+0.6*23.6042+1.0*0.9496
=17.98

* 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 Mar. 2026:
Total Assets was 円7,383 Mil.
Total Current Assets was 円6,386 Mil.
Total Current Liabilities was 円649 Mil.
Retained Earnings was 円6,368 Mil.
Pre-Tax Income was 円1,624 Mil.
Interest Expense was 円0 Mil.
Revenue was 円7,011 Mil.
Market Cap (Today) was 円16,611 Mil.
Total Liabilities was 円704 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
=(6385.691 - 649.326)/7383.191
=0.7769

X2=Retained Earnings/Total Assets
=6368.426/7383.191
=0.8626

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1624.014 - 0)/7383.191
=0.22

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=16610.975/703.731
=23.6042

X5=Revenue/Total Assets
=7010.865/7383.191
=0.9496

The zones of discrimination were as such:

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

Double Standard has a Altman Z-Score of 17.98 indicating it is in Safe 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 17.98 mean?
Double Standard (TSE:3925) has a Altman Z-Score of 17.98 as of Jul. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Double Standard and its competitors. This is 22% below median its historical median of 22.92. Over the past decade, Double Standard's Altman Z-Score has ranged from 14.63 to 52.99. According to the industry distribution chart, Double Standard ranks #161 out of 2766 companies in the Software industry, placing it in the top 5.8%.
Is Double Standard's Altman Z-Score too high?
Double Standard's current Altman Z-Score of 17.98 is 22% below median its 10-year median of 22.92. Over the past 10 years, this metric has ranged from a low of 14.63 to a high of 52.99. The Software industry median Altman Z-Score is 3.12. Double Standard's value of 17.98 is 477.2% above this industry median. Based on the distribution chart, Double Standard ranks #161 out of 2766 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Double Standard has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Double Standard's Altman Z-Score compare to IBM and ACN?
According to the Software industry distribution chart, Double Standard ranks #161 out of 2766 companies for Altman Z-Score. This places Double Standard in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.12. Double Standard's value of 17.98 is 477.2% above this benchmark. Historically, Double Standard's own Altman Z-Score has ranged from 14.63 to 52.99 over the past decade. While the company's 10-year median is 22.92 vs. the industry median of 3.12, Double Standard 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 Software company?
The median Altman Z-Score among Software companies is 3.12, based on 2,766 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. Double Standard's current Altman Z-Score of 17.98 is 477.2% 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 Double Standard and its competitors. For the Software industry, the median Altman Z-Score is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Double Standard's current Altman Z-Score is 17.98, which is 22% below median its own 10-year median of 22.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Double Standard stock overvalued right now?
Based on GuruFocus' analysis, Double Standard (TSE:3925) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,563.59, compared to a current price of 円1,229.00 — trading 21.4% below its estimated fair value. The current Altman Z-Score is 17.98, which is 22% below median its 10-year median of 22.92 and 477.2% above the Software industry median of 3.12. Double Standard's overall GF Score™ is 71/100 with 2 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 Double Standard (TSE:3925), the current Altman Z-Score is 17.98 as of Jul. 22, 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 Double Standard (TSE:3925) Overvalued in 2026?

Based on GuruFocus' analysis, Double Standard stock appears to be undervalued. The current stock price of 円1,229.00 is trading 21.4% below its estimated GF Value™ of 円1,563.59. GuruFocus considers Double Standard to be Modestly Undervalued.

Key valuation signals for TSE:3925:

  • Altman Z-Score: 17.98 (22% below median its 10-year median of 22.92)
  • GF Value™: 円1,563.59 vs. price of 円1,229.00 (21.4% below fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 477.2% above the Software median (#161 of 2766)

No single metric tells the full story. See the TSE:3925 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Double Standard Business Description

Address 2-2-3 Minamiaoyama, 4th Floor, Hulic Aoyama Gaien Higashidori Building, Minato-ku, Tokyo, JPN, 107-0062
Double Standard Inc is a business support company that generates and provides enterprise Big data. It also provides service planning and system development services using technology developed in the data generation process. The company operates through two business divisions: Big Data related business and the Services Planning Development business. The Big Data related business mainly provides customers the data related to operation support and business reduction, as well as the high utilization value content, among others. The Services Planning Development business mainly provides services based on the research of the way customer and enterprise business process, using information collection, processing, and matching, as well as data cleansing technology.
71GF Score

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

円1,229.00
Price
円1,563.59
GF Value