Fuji United Holdings Co (TSE:416A) Altman Z-Score: 4.49 (As of Jul. 21, 2026) — Near Median

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TSE:416A Fuji United Holdings Co Ltd TSE:416A
65 GF Score
Price 円1,190.00
GF Value 円1,708.52
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Fuji United Holdings Co Altman Z-Score?

Fuji United Holdings Co TSE:416A -0.42% 65 Altman Z-Score is 4.49 as of Jul. 21, 2026, which is 4% above its 10-year median of 4.31. GuruFocus rates TSE:416A with a GF Score™ of 65/100 and a GF Value™ of 円1,708.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 898 Oil & Gas companies, Fuji United Holdings Co ranks better than 82.07% 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 4.49 is strong.

Fuji United Holdings Co has a Altman Z-Score of 4.49, 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 Fuji United Holdings Co's Altman Z-Score or its related term are showing as below:

TSE:416A' s Altman Z-Score Range Over the Past 10 Years
Min: 3.88   Med: 4.31   Max: 4.82
Current: 4.49

During the past 13 years, Fuji United Holdings Co's highest Altman Z-Score was 4.82. The lowest was 3.88. And the median was 4.31.


Fuji United Holdings Co  (TSE:416A) 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.


Fuji United Holdings Co Altman Z-Score Related Terms


Fuji United Holdings Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Fuji United Holdings 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.

Fuji United Holdings Co Altman Z-Score Chart

Fuji United Holdings Co 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 4.41 4.82 4.78 4.62 4.49

Fuji United Holdings Co Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 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 5.70 4.78 4.26 4.62 4.49

TSE:416A vs VLO, MPC, PSX: Altman Z-Score Comparison

For the Oil & Gas Refining & Marketing subindustry, Fuji United Holdings 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.


Fuji United Holdings Co Altman Z-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Fuji United Holdings Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Fuji United Holdings Co's Altman Z-Score falls into.


TSE:416A
65GF Score
Fuji United Holdings Co Ltd TSE:416A
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fuji United Holdings Co 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.

Fuji United Holdings 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*0.2478+1.4*0.1914+3.3*0.0583+0.6*0.6246+1.0*3.3578
=4.49

* 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22,353 Mil.
Total Current Assets was 円13,842 Mil.
Total Current Liabilities was 円8,302 Mil.
Retained Earnings was 円4,278 Mil.
Pre-Tax Income was 円1,268 Mil.
Interest Expense was 円-35 Mil.
Revenue was 円75,057 Mil.
Market Cap (Today) was 円7,853 Mil.
Total Liabilities was 円12,573 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
=(13842 - 8302)/22353
=0.2478

X2=Retained Earnings/Total Assets
=4278/22353
=0.1914

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1268 - -35)/22353
=0.0583

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=7853.437/12573
=0.6246

X5=Revenue/Total Assets
=75057/22353
=3.3578

The zones of discrimination were as such:

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

Fuji United Holdings Co has a Altman Z-Score of 4.49 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 4.49 mean?
Fuji United Holdings Co (TSE:416A) has a Altman Z-Score of 4.49 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Fuji United Holdings Co and its competitors. This is near median its historical median of 4.31. Over the past decade, Fuji United Holdings Co's Altman Z-Score has ranged from 3.88 to 4.82. According to the industry distribution chart, Fuji United Holdings Co ranks #161 out of 898 companies in the Oil & Gas industry, placing it in the top 17.9%.
Is Fuji United Holdings Co's Altman Z-Score too high?
Fuji United Holdings Co's current Altman Z-Score of 4.49 is near median its 10-year median of 4.31. Over the past 10 years, this metric has ranged from a low of 3.88 to a high of 4.82. The Oil & Gas industry median Altman Z-Score is 1.93. Fuji United Holdings Co's value of 4.49 is 132.6% above this industry median. Based on the distribution chart, Fuji United Holdings Co ranks #161 out of 898 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Fuji United Holdings Co has a GF Score™ of 65/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fuji United Holdings Co's Altman Z-Score compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Fuji United Holdings Co ranks #161 out of 898 companies for Altman Z-Score. This places Fuji United Holdings Co in the top 18% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.93. Fuji United Holdings Co's value of 4.49 is 132.6% above this benchmark. Historically, Fuji United Holdings Co's own Altman Z-Score has ranged from 3.88 to 4.82 over the past decade. While the company's 10-year median is 4.31 vs. the industry median of 1.93, Fuji United Holdings 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 an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.93, based on 898 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. Fuji United Holdings Co's current Altman Z-Score of 4.49 is 132.6% 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 Fuji United Holdings Co and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fuji United Holdings Co's current Altman Z-Score is 4.49, which is near median its own 10-year median of 4.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fuji United Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Fuji United Holdings Co (TSE:416A) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,708.52, compared to a current price of 円1,190.00 — trading 30.3% below its estimated fair value. The current Altman Z-Score is 4.49, which is near median its 10-year median of 4.31 and 132.6% above the Oil & Gas industry median of 1.93. Fuji United Holdings Co's overall GF Score™ is 65/100 with 4 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 Fuji United Holdings Co (TSE:416A), the current Altman Z-Score is 4.49 as of Jul. 21, 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 Fuji United Holdings Co (TSE:416A) Overvalued in 2026?

Based on GuruFocus' analysis, Fuji United Holdings Co stock appears to be undervalued. The current stock price of 円1,190.00 is trading 30.3% below its estimated GF Value™ of 円1,708.52. GuruFocus considers Fuji United Holdings Co to be Significantly Undervalued.

Key valuation signals for TSE:416A:

  • Altman Z-Score: 4.49 (near median its 10-year median of 4.31)
  • GF Value™: 円1,708.52 vs. price of 円1,190.00 (30.3% below fair value)
  • GF Score™: 65/100 with 4 warning signs
  • Industry Position: 132.6% above the Oil & Gas median (#161 of 898)

No single metric tells the full story. See the TSE:416A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fuji United Holdings Co Business Description

Industry EnergyOil & Gas
Address 4-3 Kanda-Surugadai, 13th Floor, Shin-Ochanomizu Building, Chiyoda-ku, Tokyo, JPN, 101-0062
Fuji United Holdings Co Ltd is a Japan-based holding company engaged in managing group companies engaged in recycling, home energy, environmentally-related, oil, rental, and other businesses.
65GF Score

Get the complete analysis for TSE:416A

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

円1,190.00
Price
円1,708.52
GF Value