Living Technologies (TSE:4445) Altman Z-Score: 4.12 (As of Jul. 15, 2026) — 29% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:4445 Living Technologies Inc TSE:4445
82 GF Score
Price 円1,643.00
GF Value 円1,379.13
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Living Technologies Altman Z-Score?

Living Technologies TSE:4445 +1.29% 82 Altman Z-Score is 4.12 as of Jul. 15, 2026, which is 29% below its 10-year median of 5.79. GuruFocus rates TSE:4445 with a GF Score™ of 82/100 and a GF Value™ of 円1,379.13 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,731 Real Estate companies, Living Technologies ranks better than 88.1% 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 4.14 is strong.

Living Technologies has a Altman Z-Score of 4.12, 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 Living Technologies's Altman Z-Score or its related term are showing as below:

TSE:4445' s Altman Z-Score Range Over the Past 10 Years
Min: 3.04   Med: 5.79   Max: 12.96
Current: 4.14

During the past 9 years, Living Technologies's highest Altman Z-Score was 12.96. The lowest was 3.04. And the median was 5.79.


Living Technologies  (TSE:4445) 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.


Living Technologies Altman Z-Score Related Terms


Living Technologies Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Living Technologies'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.

Living Technologies Altman Z-Score Chart

Living Technologies Annual Data
Trend Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 5.20 5.79 6.51 3.18 4.15

Living Technologies Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 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 3.33 4.66 4.15 3.89 4.20

TSE:4445 vs CBRE, BEKE, JLL: Altman Z-Score Comparison

For the Real Estate Services subindustry, Living Technologies'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.


Living Technologies Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Living Technologies's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Living Technologies's Altman Z-Score falls into.


TSE:4445
82GF Score
Living Technologies Inc TSE:4445
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Living Technologies 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.

Living Technologies'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*0.5839+1.4*0.4828+3.3*0.1179+0.6*2.1531+1.0*1.0628
=4.12

* 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3,312 Mil.
Total Current Assets was 円2,823 Mil.
Total Current Liabilities was 円890 Mil.
Retained Earnings was 円1,599 Mil.
Pre-Tax Income was 68.706 + 80.948 + -146.448 + 375.813 = 円379 Mil.
Interest Expense was -3.104 + -3.045 + 0.734 + -5.996 = 円-11 Mil.
Revenue was 881.878 + 851.453 + -911.944 + 2698.163 = 円3,520 Mil.
Market Cap (Today) was 円3,929 Mil.
Total Liabilities was 円1,825 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
=(2823.225 - 889.557)/3311.577
=0.5839

X2=Retained Earnings/Total Assets
=1598.711/3311.577
=0.4828

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(379.019 - -11.411)/3311.577
=0.1179

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3928.880/1824.72
=2.1531

X5=Revenue/Total Assets
=3519.55/3311.577
=1.0628

The zones of discrimination were as such:

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

Living Technologies has a Altman Z-Score of 4.12 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 4.12 mean?
Living Technologies (TSE:4445) has a Altman Z-Score of 4.12 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Living Technologies and its competitors. This is 29% below median its historical median of 5.79. Over the past decade, Living Technologies' Altman Z-Score has ranged from 3.04 to 12.96. According to the industry distribution chart, Living Technologies ranks #206 out of 1731 companies in the Real Estate industry, placing it in the top 11.9%.
Is Living Technologies' Altman Z-Score too high?
Living Technologies' current Altman Z-Score of 4.12 is 29% below median its 10-year median of 5.79. Over the past 10 years, this metric has ranged from a low of 3.04 to a high of 12.96. The Real Estate industry median Altman Z-Score is 1.31. Living Technologies' value of 4.12 is 214.5% above this industry median. Based on the distribution chart, Living Technologies ranks #206 out of 1731 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Living Technologies has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Living Technologies' Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Living Technologies ranks #206 out of 1731 companies for Altman Z-Score. This places Living Technologies in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.31. Living Technologies' value of 4.12 is 214.5% above this benchmark. Historically, Living Technologies' own Altman Z-Score has ranged from 3.04 to 12.96 over the past decade. While the company's 10-year median is 5.79 vs. the industry median of 1.31, Living Technologies 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.31, based on 1,731 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. Living Technologies's current Altman Z-Score of 4.12 is 214.5% 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 Living Technologies and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Living Technologies's current Altman Z-Score is 4.12, which is 29% below median its own 10-year median of 5.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Living Technologies stock overvalued right now?
Based on GuruFocus' analysis, Living Technologies (TSE:4445) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,379.13, compared to a current price of 円1,643.00 — trading 19.1% above its estimated fair value. The current Altman Z-Score is 4.12, which is 29% below median its 10-year median of 5.79 and 214.5% above the Real Estate industry median of 1.31. Living Technologies' overall GF Score™ is 82/100 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 Living Technologies (TSE:4445), the current Altman Z-Score is 4.12 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 Living Technologies (TSE:4445) Overvalued in 2026?

Based on GuruFocus' analysis, Living Technologies stock appears to be overvalued. The current stock price of 円1,643.00 is trading 19.1% above its estimated GF Value™ of 円1,379.13. GuruFocus considers Living Technologies to be Modestly Overvalued.

Key valuation signals for TSE:4445:

  • Altman Z-Score: 4.12 (29% below median its 10-year median of 5.79)
  • GF Value™: 円1,379.13 vs. price of 円1,643.00 (19.1% above fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 214.5% above the Real Estate median (#206 of 1731)

No single metric tells the full story. See the TSE:4445 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Living Technologies Business Description

Address 1-8-12, Nihonbashi Horidomecho, Chuo-ku, 8F Hourai Horidome Building, Tokyo, JPN, 103-0012
Living Technologies Inc. is a Japanese-based company mainly involved in the real estate platform business. The business activities of the group include the development and management of products that combine web technology and real estate, such as Real Estate Vertical Media, a Real estate business support system, Human resources services for the real estate industry, and Internet advertising.
82GF Score

Get the complete analysis for TSE:4445

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

円1,643.00
Price
円1,379.13
GF Value