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 6.45 is strong.
Toho System Science Co has a Altman Z-Score of 6.45, 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 Toho System Science Co's Altman Z-Score or its related term are showing as below:
TSE:4333'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.9 Med: 5.19 Max: 6.88
Current: 6.45
During the past 13 years, Toho System Science Co's highest Altman Z-Score was 6.88. The lowest was 4.90. And the median was 5.19.
Toho System Science Co (TSE:4333) 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.
Toho System Science Co Altman Z-Score Related Terms
Toho System Science Co Altman Z-Score Historical Data
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The historical data trend for Toho System Science 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.
TSE:4333 vs CRM, SHOP, UBER: Altman Z-Score Comparison
For the Software - Application subindustry, Toho System Science 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.
Toho System Science Co Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Toho System Science Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Toho System Science Co'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.
* 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.
Toho System Science Co (TSE:4333) has a Altman Z-Score of 6.45 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Toho System Science Co and its competitors. This is 24% above median its historical median of 5.19. Over the past decade, Toho System Science Co's Altman Z-Score has ranged from 4.90 to 6.88.
Is Toho System Science Co's Altman Z-Score too high?
Toho System Science Co's current Altman Z-Score of 6.45 is 24% above median its 10-year median of 5.19. Over the past 10 years, this metric has ranged from a low of 4.90 to a high of 6.88. The Software industry median Altman Z-Score is 3.11. Toho System Science Co's value of 6.45 is 107.4% above this industry median. Overall, Toho System Science Co has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Toho System Science Co's Altman Z-Score compare to CRM and SHOP?
Toho System Science Co's Altman Z-Score of 6.45 can be compared against companies in the Software industry. The industry median Altman Z-Score is 3.11. Toho System Science Co's value of 6.45 is 107.4% above this benchmark. Historically, Toho System Science Co's own Altman Z-Score has ranged from 4.90 to 6.88 over the past decade. While the company's 10-year median is 5.19 vs. the industry median of 3.11, Toho System Science 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 a Software company?
The median Altman Z-Score among Software companies is 3.11, 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. Toho System Science Co's current Altman Z-Score of 6.45 is 107.4% 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 Toho System Science Co and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho System Science Co's current Altman Z-Score is 6.45, which is 24% above median its own 10-year median of 5.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho System Science Co stock overvalued right now?
Toho System Science Co (TSE:4333) has a current Altman Z-Score of 6.45. The stock's GF Value™ is 円1,343.48, compared to a current price of 円1,144.00 — trading 14.8% below its estimated fair value. The current Altman Z-Score is 6.45, which is 24% above median its 10-year median of 5.19 and 107.4% above the Software industry median of 3.11. Toho System Science Co's overall GF Score™ is 61/100 with 1 warning sign 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 Toho System Science Co (TSE:4333), the current Altman Z-Score is 6.45 as of Jul. 05, 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 Toho System Science Co (TSE:4333) Overvalued in 2026?
Based on GuruFocus' analysis, Toho System Science Co stock appears to be undervalued.
The current stock price of 円1,144.00 is trading 14.8% below its estimated GF Value™ of 円1,343.48.
Key valuation signals for TSE:4333:
Altman Z-Score: 6.45 (24% above median its 10-year median of 5.19)
GF Value™: 円1,343.48 vs. price of 円1,144.00 (14.8% below fair value)
Industry Position: 107.4% above the Software median
No single metric tells the full story. See the TSE:4333 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho System Science Co Ltd is engaged in business of software development which include software development for general purpose machines, and information system services which include computer operation management work.
61GF Score
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