Toho Chemical Industry CoTSE:4409 54 Altman Z-Score is 1.57 as of Jul. 03, 2026, which is 4% above its 10-year median of 1.51. GuruFocus rates TSE:4409 with a GF Score™ of 54/100 and a GF Value™ of 円627.16 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,567 Chemicals companies, Toho Chemical Industry Co ranks worse than 81.37% 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 1.57 is in distress zone. This implies bankruptcy possibility in the next two years.
Toho Chemical Industry Co has a Altman Z-Score of 1.57, 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 Toho Chemical Industry Co's Altman Z-Score or its related term are showing as below:
TSE:4409'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.34 Med: 1.51 Max: 1.6
Current: 1.57
During the past 13 years, Toho Chemical Industry Co's highest Altman Z-Score was 1.60. The lowest was 1.34. And the median was 1.51.
Toho Chemical Industry Co (TSE:4409) 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:4409 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Toho Chemical Industry 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 Chemical Industry Co Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Toho Chemical Industry Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Toho Chemical Industry Co's Altman Z-Score falls into.
Toho Chemical Industry 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.
* 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 Chemical Industry Co (TSE:4409) has a Altman Z-Score of 1.57 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Toho Chemical Industry Co and its competitors. This is near median its historical median of 1.51. Over the past decade, Toho Chemical Industry Co's Altman Z-Score has ranged from 1.34 to 1.60. According to the industry distribution chart, Toho Chemical Industry Co ranks #1275 out of 1567 companies in the Chemicals industry, placing it in the top 81.4%.
Is Toho Chemical Industry Co's Altman Z-Score too high?
Toho Chemical Industry Co's current Altman Z-Score of 1.57 is near median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 1.60. The Chemicals industry median Altman Z-Score is 3.13. Toho Chemical Industry Co's value of 1.57 is 49.8% below this industry median. Based on the distribution chart, Toho Chemical Industry Co ranks #1275 out of 1567 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Toho Chemical Industry Co has a GF Score™ of 54/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toho Chemical Industry Co's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Toho Chemical Industry Co ranks #1275 out of 1567 companies for Altman Z-Score. This places Toho Chemical Industry Co in the lower half of its industry. The industry median Altman Z-Score is 3.13. Toho Chemical Industry Co's value of 1.57 is 49.8% below this benchmark. Historically, Toho Chemical Industry Co's own Altman Z-Score has ranged from 1.34 to 1.60 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 3.13, Toho Chemical Industry Co 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 3.13, based on 1,567 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 Chemical Industry Co's current Altman Z-Score of 1.57 is 49.8% 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 Toho Chemical Industry Co and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Chemical Industry Co's current Altman Z-Score is 1.57, which is near median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Toho Chemical Industry Co (TSE:4409) is currently considered Modestly Overvalued. The stock's GF Value™ is 円627.16, compared to a current price of 円739.00 — trading 17.8% above its estimated fair value. The current Altman Z-Score is 1.57, which is near median its 10-year median of 1.51 and 49.8% below the Chemicals industry median of 3.13. Toho Chemical Industry Co's overall GF Score™ is 54/100 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 Toho Chemical Industry Co (TSE:4409), the current Altman Z-Score is 1.57 as of Jul. 03, 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 Chemical Industry Co (TSE:4409) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Chemical Industry Co stock appears to be overvalued.
The current stock price of 円739.00 is trading 17.8% above its estimated GF Value™ of 円627.16.
GuruFocus considers Toho Chemical Industry Co to be Modestly Overvalued.
Key valuation signals for TSE:4409:
Altman Z-Score: 1.57 (near median its 10-year median of 1.51)
GF Value™: 円627.16 vs. price of 円739.00 (17.8% above fair value)
Industry Position: 49.8% below the Chemicals median (#1275 of 1567)
No single metric tells the full story. See the TSE:4409 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Chemical Industry Co Ltd is engaged in the chemical business. Its product lines are surfactants, specialty chemicals, resins, and industrial chemicals. Some of its products are chemicals for textiles, detergents, pharmaceutical formulations, and others. The company serves a range of industries from daily consumables to high-tech products industries.
54GF Score
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