Kissei Pharmaceutical Co (TSE:4547) Altman Z-Score: 4.10 (As of Aug. 04, 2026) — Near 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:4547 Kissei Pharmaceutical Co Ltd TSE:4547
79 GF Score
Price 円3,860.00
GF Value 円4,688.48
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Kissei Pharmaceutical Co Altman Z-Score?

Kissei Pharmaceutical Co TSE:4547 +0.13% 79 Altman Z-Score is 4.10 as of Aug. 04, 2026, which is 0% below its 10-year median of 4.12. GuruFocus rates TSE:4547 with a GF Score™ of 79/100 and a GF Value™ of 円4,688.48 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 953 Drug Manufacturers companies, Kissei Pharmaceutical Co ranks better than 58.76% 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 3.86 is strong.

Kissei Pharmaceutical Co has a Altman Z-Score of 4.10, 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 Kissei Pharmaceutical Co's Altman Z-Score or its related term are showing as below:

TSE:4547' s Altman Z-Score Range Over the Past 10 Years
Min: 2.64   Med: 4.12   Max: 4.76
Current: 3.86

During the past 13 years, Kissei Pharmaceutical Co's highest Altman Z-Score was 4.76. The lowest was 2.64. And the median was 4.12.


Kissei Pharmaceutical Co  (TSE:4547) 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.


Kissei Pharmaceutical Co Altman Z-Score Related Terms


Kissei Pharmaceutical Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Kissei Pharmaceutical 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.

Kissei Pharmaceutical Co Altman Z-Score Chart

Kissei Pharmaceutical 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 3.57 4.54 3.89 4.68 4.31

Kissei Pharmaceutical Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.59 3.89 4.47 4.31 0.00

TSE:4547 vs ZTS: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Kissei Pharmaceutical 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.


Kissei Pharmaceutical Co Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kissei Pharmaceutical Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Kissei Pharmaceutical Co's Altman Z-Score falls into.


TSE:4547
79GF Score
Kissei Pharmaceutical Co Ltd TSE:4547
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kissei Pharmaceutical 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.

Kissei Pharmaceutical 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*0.3402+1.4*0.5063+3.3*0.0646+0.6*4.0155+1.0*0.3649
=4.10

* 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270,240 Mil.
Total Current Assets was 円110,223 Mil.
Total Current Liabilities was 円18,290 Mil.
Retained Earnings was 円136,831 Mil.
Pre-Tax Income was 6293 + 3284 + 4197 + 3663 = 円17,437 Mil.
Interest Expense was -8 + -8 + -7 + -7 = 円-30 Mil.
Revenue was 23389 + 24773 + 26802 + 23640 = 円98,604 Mil.
Market Cap (Today) was 円159,797 Mil.
Total Liabilities was 円39,795 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
=(110223 - 18290)/270240
=0.3402

X2=Retained Earnings/Total Assets
=136831/270240
=0.5063

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(17437 - -30)/270240
=0.0646

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=159797.248/39795
=4.0155

X5=Revenue/Total Assets
=98604/270240
=0.3649

The zones of discrimination were as such:

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

Kissei Pharmaceutical Co has a Altman Z-Score of 4.10 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 4.10 mean?
Kissei Pharmaceutical Co (TSE:4547) has a Altman Z-Score of 4.10 as of Aug. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kissei Pharmaceutical Co and its competitors. This is near median its historical median of 4.12. Over the past decade, Kissei Pharmaceutical Co's Altman Z-Score has ranged from 2.64 to 4.76. According to the industry distribution chart, Kissei Pharmaceutical Co ranks #393 out of 953 companies in the Drug Manufacturers industry, placing it in the top 41.2%.
Is Kissei Pharmaceutical Co's Altman Z-Score too high?
Kissei Pharmaceutical Co's current Altman Z-Score of 4.10 is near median its 10-year median of 4.12. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 4.76. The Drug Manufacturers industry median Altman Z-Score is 3.13. Kissei Pharmaceutical Co's value of 4.10 is 31% above this industry median. Based on the distribution chart, Kissei Pharmaceutical Co ranks #393 out of 953 companies in the Drug Manufacturers industry, which is above the industry midpoint. Overall, Kissei Pharmaceutical Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kissei Pharmaceutical Co's Altman Z-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Kissei Pharmaceutical Co ranks #393 out of 953 companies for Altman Z-Score. This puts Kissei Pharmaceutical Co in the upper half of its industry. The industry median Altman Z-Score is 3.13. Kissei Pharmaceutical Co's value of 4.10 is 31% above this benchmark. Historically, Kissei Pharmaceutical Co's own Altman Z-Score has ranged from 2.64 to 4.76 over the past decade. While the company's 10-year median is 4.12 vs. the industry median of 3.13, Kissei Pharmaceutical 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.13, based on 953 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. Kissei Pharmaceutical Co's current Altman Z-Score of 4.10 is 31% 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 Kissei Pharmaceutical Co and its competitors. For the Drug Manufacturers 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. Kissei Pharmaceutical Co's current Altman Z-Score is 4.10, which is near median its own 10-year median of 4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kissei Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Kissei Pharmaceutical Co (TSE:4547) is currently considered Modestly Undervalued. The stock's GF Value™ is 円4,688.48, compared to a current price of 円3,860.00 — trading 17.7% below its estimated fair value. The current Altman Z-Score is 4.10, which is near median its 10-year median of 4.12 and 31% above the Drug Manufacturers industry median of 3.13. Kissei Pharmaceutical Co's overall GF Score™ is 79/100 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 Kissei Pharmaceutical Co (TSE:4547), the current Altman Z-Score is 4.10 as of Aug. 04, 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 Kissei Pharmaceutical Co (TSE:4547) Overvalued in 2026?

Based on GuruFocus' analysis, Kissei Pharmaceutical Co stock appears to be undervalued. The current stock price of 円3,860.00 is trading 17.7% below its estimated GF Value™ of 円4,688.48. GuruFocus considers Kissei Pharmaceutical Co to be Modestly Undervalued.

Key valuation signals for TSE:4547:

  • Altman Z-Score: 4.10 (near median its 10-year median of 4.12)
  • GF Value™: 円4,688.48 vs. price of 円3,860.00 (17.7% below fair value)
  • GF Score™: 79/100 with 1 warning sign
  • Industry Position: 31% above the Drug Manufacturers median (#393 of 953)

No single metric tells the full story. See the TSE:4547 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kissei Pharmaceutical Co Business Description

Address 19-48, Yoshino, Matsumoto City, Nagano, JPN, 399-8710
Kissei Pharmaceutical Co Ltd is a specialty and generic drug manufacturing company. Pharmaceuticals is the company's reportable segment. The company's operations span across the globe, while the vast majority of revenue is generated in Japan, followed by Europe. Kissei operates a variety of subsidiaries. The company considers merger and acquisition investment as a potential component of its operational growth strategy for expanding its research, development, manufacturing, and marketing capabilities.
79GF Score

Get the complete analysis for TSE:4547

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

円3,860.00
Price
円4,688.48
GF Value