Daito Pharmaceutical Co (TSE:4577) Altman Z-Score: 2.87 (As of Jul. 03, 2026) — Near Median


TSE:4577 Daito Pharmaceutical Co Ltd TSE:4577
75 GF Score
Price 円1,241.00
GF Value 円1,277.77
Valuation Fairly Valued
! 3 Warning Signs
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What is Daito Pharmaceutical Co Altman Z-Score?

Daito Pharmaceutical Co TSE:4577 +1.80% 75 Altman Z-Score is 2.87 as of Jul. 03, 2026, which is 7% below its 10-year median of 3.07. GuruFocus rates TSE:4577 with a GF Score™ of 75/100 and a GF Value™ of 円1,277.77 (Fairly Valued). The stock has 3 warning signs investors should review. Among 951 Drug Manufacturers companies, Daito Pharmaceutical Co ranks worse than 57.94% 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 2.69 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Daito Pharmaceutical Co has a Altman Z-Score of 2.87, indicating it is in Grey Zones. This implies that Daito Pharmaceutical Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Daito Pharmaceutical Co's Altman Z-Score or its related term are showing as below:

TSE:4577' s Altman Z-Score Range Over the Past 10 Years
Min: 2.49   Med: 3.07   Max: 4.24
Current: 2.69

During the past 13 years, Daito Pharmaceutical Co's highest Altman Z-Score was 4.24. The lowest was 2.49. And the median was 3.07.


Daito Pharmaceutical Co  (TSE:4577) 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.


Daito Pharmaceutical Co Altman Z-Score Related Terms


Daito Pharmaceutical Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Daito 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.

Daito Pharmaceutical Co Altman Z-Score Chart

Daito Pharmaceutical Co Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.98 3.45 3.02 2.61 2.51

Daito Pharmaceutical Co Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 2.58 2.51 2.59 2.78 0.00

TSE:4577 vs ZTS, UTHR: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Daito 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.


Daito Pharmaceutical Co Altman Z-Score vs Drug Manufacturers Industry

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

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


TSE:4577
75GF Score
Daito Pharmaceutical Co Ltd TSE:4577
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daito 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.

Daito 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*0.3063+1.4*0.5029+3.3*0.0527+0.6*1.5763+1.0*0.6772
=2.87

* 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 Nov. 2025:
Total Assets was 円74,963 Mil.
Total Current Assets was 円38,309 Mil.
Total Current Liabilities was 円15,351 Mil.
Retained Earnings was 円37,702 Mil.
Pre-Tax Income was 1435 + 780 + 1054 + 549 = 円3,818 Mil.
Interest Expense was -33 + -33 + -30 + -38 = 円-134 Mil.
Revenue was 11591 + 12130 + 13011 + 14034 = 円50,766 Mil.
Market Cap (Today) was 円35,671 Mil.
Total Liabilities was 円22,629 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
=(38309 - 15351)/74963
=0.3063

X2=Retained Earnings/Total Assets
=37702/74963
=0.5029

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3818 - -134)/74963
=0.0527

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=35671.083/22629
=1.5763

X5=Revenue/Total Assets
=50766/74963
=0.6772

The zones of discrimination were as such:

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

Daito Pharmaceutical Co has a Altman Z-Score of 2.87 indicating it is in Grey 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 2.87 mean?
Daito Pharmaceutical Co (TSE:4577) has a Altman Z-Score of 2.87 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Daito Pharmaceutical Co and its competitors. This is near median its historical median of 3.07. Over the past decade, Daito Pharmaceutical Co's Altman Z-Score has ranged from 2.49 to 4.24. According to the industry distribution chart, Daito Pharmaceutical Co ranks #551 out of 951 companies in the Drug Manufacturers industry, placing it in the top 57.9%.
Is Daito Pharmaceutical Co's Altman Z-Score too high?
Daito Pharmaceutical Co's current Altman Z-Score of 2.87 is near median its 10-year median of 3.07. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 4.24. The Drug Manufacturers industry median Altman Z-Score is 3.23. Daito Pharmaceutical Co's value of 2.87 is 11.1% below this industry median. Based on the distribution chart, Daito Pharmaceutical Co ranks #551 out of 951 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Daito Pharmaceutical Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Daito Pharmaceutical Co's Altman Z-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Daito Pharmaceutical Co ranks #551 out of 951 companies for Altman Z-Score. This places Daito Pharmaceutical Co in the lower half of its industry. The industry median Altman Z-Score is 3.23. Daito Pharmaceutical Co's value of 2.87 is 11.1% below this benchmark. Historically, Daito Pharmaceutical Co's own Altman Z-Score has ranged from 2.49 to 4.24 over the past decade. While the company's 10-year median is 3.07 vs. the industry median of 3.23, Daito Pharmaceutical 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.23, based on 951 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. Daito Pharmaceutical Co's current Altman Z-Score of 2.87 is 11.1% 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 Daito Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daito Pharmaceutical Co's current Altman Z-Score is 2.87, which is near median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daito Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Daito Pharmaceutical Co (TSE:4577) is currently considered Fairly Valued. The stock's GF Value™ is 円1,277.77, compared to a current price of 円1,241.00 — trading 2.9% below its estimated fair value. The current Altman Z-Score is 2.87, which is near median its 10-year median of 3.07 and 11.1% below the Drug Manufacturers industry median of 3.23. Daito Pharmaceutical Co's overall GF Score™ is 75/100 with 3 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 Daito Pharmaceutical Co (TSE:4577), the current Altman Z-Score is 2.87 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 Daito Pharmaceutical Co (TSE:4577) Overvalued in 2026?

Based on GuruFocus' analysis, Daito Pharmaceutical Co stock appears to be undervalued. The current stock price of 円1,241.00 is trading 2.9% below its estimated GF Value™ of 円1,277.77. GuruFocus considers Daito Pharmaceutical Co to be Fairly Valued.

Key valuation signals for TSE:4577:

  • Altman Z-Score: 2.87 (near median its 10-year median of 3.07)
  • GF Value™: 円1,277.77 vs. price of 円1,241.00 (2.9% below fair value)
  • GF Score™: 75/100 with 3 warning signs
  • Industry Position: 11.1% below the Drug Manufacturers median (#551 of 951)

No single metric tells the full story. See the TSE:4577 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daito Pharmaceutical Co Business Description

Address 326 Yokamachi, Toyama, JPN, 939-8567
Daito Pharmaceutical Co Ltd is engaged in the research and development of pharmaceutical products. The company also undertakes contract manufacturing.
75GF Score

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

円1,241.00
Price
円1,277.77
GF Value