System Support HoldingsTSE:4396 +0.41%77 Altman Z-Score is 5.01 as of Jul. 01, 2026, which is 10% below its 10-year median of 5.58. GuruFocus rates TSE:4396 with a GF Score™ of 77/100 and a GF Value™ of 円1,527.63 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,763 Software companies, System Support Holdings ranks better than 68.95% 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 4.98 is strong.
System Support Holdings has a Altman Z-Score of 5.01, 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 System Support Holdings's Altman Z-Score or its related term are showing as below:
TSE:4396'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.3 Med: 5.58 Max: 6.86
Current: 4.98
During the past 10 years, System Support Holdings's highest Altman Z-Score was 6.86. The lowest was 3.30. And the median was 5.58.
System Support Holdings (TSE:4396) 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.
* 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:4396 vs IBM, ACN, FISV: Altman Z-Score Comparison
For the Information Technology Services subindustry, System Support Holdings'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.
System Support Holdings Altman Z-Score vs Software Industry
For the Software industry and Technology sector, System Support Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where System Support Holdings's Altman Z-Score falls into.
System Support Holdings 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.
* 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.
System Support Holdings (TSE:4396) has a Altman Z-Score of 5.01 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on System Support Holdings and its competitors. This is 10% below median its historical median of 5.58. Over the past decade, System Support Holdings' Altman Z-Score has ranged from 3.30 to 6.86. According to the industry distribution chart, System Support Holdings ranks #858 out of 2763 companies in the Software industry, placing it in the top 31.1%.
Is System Support Holdings' Altman Z-Score too high?
System Support Holdings' current Altman Z-Score of 5.01 is 10% below median its 10-year median of 5.58. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 6.86. The Software industry median Altman Z-Score is 3.11. System Support Holdings' value of 5.01 is 61.1% above this industry median. Based on the distribution chart, System Support Holdings ranks #858 out of 2763 companies in the Software industry, which is above the industry midpoint. Overall, System Support Holdings has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does System Support Holdings' Altman Z-Score compare to IBM and ACN?
According to the Software industry distribution chart, System Support Holdings ranks #858 out of 2763 companies for Altman Z-Score. This puts System Support Holdings in the upper half of its industry. The industry median Altman Z-Score is 3.11. System Support Holdings' value of 5.01 is 61.1% above this benchmark. Historically, System Support Holdings' own Altman Z-Score has ranged from 3.30 to 6.86 over the past decade. While the company's 10-year median is 5.58 vs. the industry median of 3.11, System Support Holdings 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 2,763 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. System Support Holdings's current Altman Z-Score of 5.01 is 61.1% 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 System Support Holdings 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. System Support Holdings's current Altman Z-Score is 5.01, which is 10% below median its own 10-year median of 5.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is System Support Holdings stock overvalued right now?
Based on GuruFocus' analysis, System Support Holdings (TSE:4396) is currently considered Significantly Undervalued. The stock's GF Value™ is 円1,527.63, compared to a current price of 円976.00 — trading 36.1% below its estimated fair value. The current Altman Z-Score is 5.01, which is 10% below median its 10-year median of 5.58 and 61.1% above the Software industry median of 3.11. System Support Holdings' overall GF Score™ is 77/100 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 System Support Holdings (TSE:4396), the current Altman Z-Score is 5.01 as of Jul. 01, 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 System Support Holdings (TSE:4396) Overvalued in 2026?
Based on GuruFocus' analysis, System Support Holdings stock appears to be undervalued.
The current stock price of 円976.00 is trading 36.1% below its estimated GF Value™ of 円1,527.63.
GuruFocus considers System Support Holdings to be Significantly Undervalued.
Key valuation signals for TSE:4396:
Altman Z-Score: 5.01 (10% below median its 10-year median of 5.58)
GF Value™: 円1,527.63 vs. price of 円976.00 (36.1% below fair value)
Industry Position: 61.1% above the Software median (#858 of 2763)
No single metric tells the full story. See the TSE:4396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
System Support Holdings Inc is engaged in providing systems solutions which include system integration, transition to cloud-based infrastructure, ERP integration, data center running, and package-based software development.
77GF Score
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