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 1.12 is in distress zone. This implies bankruptcy possibility in the next two years.
Environmental Control Center Co has a Altman Z-Score of 1.74, 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 Environmental Control Center Co's Altman Z-Score or its related term are showing as below:
TSE:4657'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.85 Med: 1.47 Max: 1.94
Current: 1.12
During the past 13 years, Environmental Control Center Co's highest Altman Z-Score was 1.94. The lowest was 0.85. And the median was 1.47.
Environmental Control Center Co (TSE:4657) 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.
Environmental Control Center Co Altman Z-Score Chart
TSE:4657 vs WM, RSG, WCN: Altman Z-Score Comparison
For the Waste Management subindustry, Environmental Control Center 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.
Environmental Control Center Co Altman Z-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Environmental Control Center Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Environmental Control Center Co's Altman Z-Score falls into.
Environmental Control Center 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.
Environmental Control Center Co (TSE:4657) has a Altman Z-Score of 1.74 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Environmental Control Center Co and its competitors. This is 18% above median its historical median of 1.47. Over the past decade, Environmental Control Center Co's Altman Z-Score has ranged from 0.85 to 1.94. According to the industry distribution chart, Environmental Control Center Co ranks #170 out of 238 companies in the Waste Management industry, placing it in the top 71.4%.
Is Environmental Control Center Co's Altman Z-Score too high?
Environmental Control Center Co's current Altman Z-Score of 1.74 is 18% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 1.94. The Waste Management industry median Altman Z-Score is 2.00. Environmental Control Center Co's value of 1.74 is 13% below this industry median. Based on the distribution chart, Environmental Control Center Co ranks #170 out of 238 companies in the Waste Management industry, which is below the industry midpoint. Overall, Environmental Control Center Co has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Environmental Control Center Co's Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Environmental Control Center Co ranks #170 out of 238 companies for Altman Z-Score. This places Environmental Control Center Co in the lower half of its industry. The industry median Altman Z-Score is 2.00. Environmental Control Center Co's value of 1.74 is 13% below this benchmark. Historically, Environmental Control Center Co's own Altman Z-Score has ranged from 0.85 to 1.94 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 2.00, Environmental Control Center 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 2.00, based on 238 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. Environmental Control Center Co's current Altman Z-Score of 1.74 is 13% 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 Environmental Control Center Co and its competitors. For the Waste Management industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Environmental Control Center Co's current Altman Z-Score is 1.74, which is 18% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Environmental Control Center Co stock overvalued right now?
Based on GuruFocus' analysis, Environmental Control Center Co (TSE:4657) is currently considered Modestly Undervalued. The stock's GF Value™ is 円565.94, compared to a current price of 円467.00 — trading 17.5% below its estimated fair value. The current Altman Z-Score is 1.74, which is 18% above median its 10-year median of 1.47 and 13% below the Waste Management industry median of 2.00. Environmental Control Center Co's overall GF Score™ is 66/100 with 6 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 Environmental Control Center Co (TSE:4657), the current Altman Z-Score is 1.74 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 Environmental Control Center Co (TSE:4657) Overvalued in 2026?
Based on GuruFocus' analysis, Environmental Control Center Co stock appears to be undervalued.
The current stock price of 円467.00 is trading 17.5% below its estimated GF Value™ of 円565.94.
GuruFocus considers Environmental Control Center Co to be Modestly Undervalued.
Key valuation signals for TSE:4657:
Altman Z-Score: 1.74 (18% above median its 10-year median of 1.47)
GF Value™: 円565.94 vs. price of 円467.00 (17.5% below fair value)
Industry Position: 13% below the Waste Management median (#170 of 238)
No single metric tells the full story. See the TSE:4657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Environmental Control Center Co Business Description
Environmental Control Center Co Ltd is a Japan based environmental consulting company with a focus on chemical analysis. It provides solutions for environmental problems by monitoring and consulting services for air, water, and soil in the general environment. In addition, it also offers environmental survey, analysis, consulting and designing services for environmental or waste management, environmental conservation and remediation of municipal, prefectural and national governments.
66GF Score
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