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Toda KogyoTSE:4100 +1.52%51 Altman Z-Score is 0.33 as of Jul. 15, 2026, which is 51% below its 10-year median of 0.68. GuruFocus rates TSE:4100 with a GF Score™ of 51/100 and a GF Value™ of 円1,394.38 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,562 Chemicals companies, Toda Kogyo ranks worse than 94.3% 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 0.33 is in distress zone. This implies bankruptcy possibility in the next two years.
Toda Kogyo has a Altman Z-Score of 0.33, 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 Toda Kogyo's Altman Z-Score or its related term are showing as below:
TSE:4100'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.32 Med: 0.68 Max: 1.55
Current: 0.33
During the past 13 years, Toda Kogyo's highest Altman Z-Score was 1.55. The lowest was 0.32. And the median was 0.68.
Toda Kogyo (TSE:4100) 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.
Toda Kogyo Altman Z-Score Related Terms
Toda Kogyo Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Toda Kogyo'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:4100 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Toda Kogyo'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.
Toda Kogyo Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Toda Kogyo's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Toda Kogyo'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.
Toda Kogyo'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
*
0.008
+
1.4
*
-0.1554
+
3.3
*
-0.0546
+
0.6
*
0.2232
+
1.0
*
0.5856
=
0.33
* 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.
Toda Kogyo (TSE:4100) has a Altman Z-Score of 0.33 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Toda Kogyo and its competitors. This is 51% below median its historical median of 0.68. Over the past decade, Toda Kogyo's Altman Z-Score has ranged from 0.32 to 1.55. According to the industry distribution chart, Toda Kogyo ranks #1473 out of 1562 companies in the Chemicals industry, placing it in the top 94.3%.
Is Toda Kogyo's Altman Z-Score too high?
Toda Kogyo's current Altman Z-Score of 0.33 is 51% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.55. The Chemicals industry median Altman Z-Score is 3.14. Toda Kogyo's value of 0.33 is 89.5% below this industry median. Based on the distribution chart, Toda Kogyo ranks #1473 out of 1562 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Toda Kogyo has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Toda Kogyo's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toda Kogyo ranks #1473 out of 1562 companies for Altman Z-Score. This places Toda Kogyo in the lower half of its industry. The industry median Altman Z-Score is 3.14. Toda Kogyo's value of 0.33 is 89.5% below this benchmark. Historically, Toda Kogyo's own Altman Z-Score has ranged from 0.32 to 1.55 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 3.14, Toda Kogyo 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.14, based on 1,562 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. Toda Kogyo's current Altman Z-Score of 0.33 is 89.5% 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 Toda Kogyo and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toda Kogyo's current Altman Z-Score is 0.33, which is 51% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toda Kogyo stock overvalued right now?
Based on GuruFocus' analysis, Toda Kogyo (TSE:4100) is currently considered Fairly Valued. The stock's GF Value™ is 円1,394.38, compared to a current price of 円1,468.00 — trading 5.3% above its estimated fair value. The current Altman Z-Score is 0.33, which is 51% below median its 10-year median of 0.68 and 89.5% below the Chemicals industry median of 3.14. Toda Kogyo's overall GF Score™ is 51/100 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 Toda Kogyo (TSE:4100), the current Altman Z-Score is 0.33 as of Jul. 15, 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 Toda Kogyo (TSE:4100) Overvalued in 2026?
Based on GuruFocus' analysis, Toda Kogyo stock appears to be overvalued.
The current stock price of 円1,468.00 is trading 5.3% above its estimated GF Value™ of 円1,394.38.
GuruFocus considers Toda Kogyo to be Fairly Valued.
Key valuation signals for TSE:4100:
Altman Z-Score: 0.33 (51% below median its 10-year median of 0.68)
GF Value™: 円1,394.38 vs. price of 円1,468.00 (5.3% above fair value)
Industry Position: 89.5% below the Chemicals median (#1473 of 1562)
No single metric tells the full story. See the TSE:4100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toda Kogyo Corp trades in functional pigments and electronic materials. It offers electronic printing materials, such as toner materials for printers and copying machines, carriers for color printers and copying machines, and magnetic materials for printers and copying machines. It also provides electromagnetic compatibility/immunity solutions, including electric-wave absorber materials/electromagnetic interference. In addition, the firm offers lithium cobaltate, lithium-nickel oxide, and lithium manganate battery materials for personal computers, mobile phones. Additionally, it offers pigments for colored pavements, reflective pigments, and pigments for coatings and resins; and magnetic recording materials for digital recording media used with computers and videotapes for broadcasting.
51GF Score
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