Space Shower Skiyaki Holdings (TSE:4838) Altman Z-Score: 2.69 (As of Jul. 14, 2026) — 21% Below Median

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TSE:4838 Space Shower Skiyaki Holdings Inc TSE:4838
70 GF Score
Price 円659.00
GF Value 円402.54
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Space Shower Skiyaki Holdings Altman Z-Score?

Space Shower Skiyaki Holdings TSE:4838 +0.30% 70 Altman Z-Score is 2.69 as of Jul. 14, 2026, which is 21% below its 10-year median of 3.39. GuruFocus rates TSE:4838 with a GF Score™ of 70/100 and a GF Value™ of 円402.54 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,009 Media - Diversified companies, Space Shower Skiyaki Holdings ranks better than 62.64% 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.

Space Shower Skiyaki Holdings has a Altman Z-Score of 2.69, indicating it is in Grey Zones. This implies that Space Shower Skiyaki Holdings 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 Space Shower Skiyaki Holdings's Altman Z-Score or its related term are showing as below:

TSE:4838' s Altman Z-Score Range Over the Past 10 Years
Min: 2.45   Med: 3.39   Max: 4.34
Current: 2.69

During the past 13 years, Space Shower Skiyaki Holdings's highest Altman Z-Score was 4.34. The lowest was 2.45. And the median was 3.39.


Space Shower Skiyaki Holdings  (TSE:4838) 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.


Space Shower Skiyaki Holdings Altman Z-Score Related Terms


Space Shower Skiyaki Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Space Shower Skiyaki Holdings'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.

Space Shower Skiyaki Holdings Altman Z-Score Chart

Space Shower Skiyaki Holdings 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 3.25 3.41 3.41 2.45 2.77

Space Shower Skiyaki Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 3.41 1.69 2.45 0.00 2.77

TSE:4838 vs NXST: Altman Z-Score Comparison

For the Broadcasting subindustry, Space Shower Skiyaki Holdings'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.


Space Shower Skiyaki Holdings Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Space Shower Skiyaki Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Space Shower Skiyaki Holdings's Altman Z-Score falls into.


TSE:4838
70GF Score
Space Shower Skiyaki Holdings Inc TSE:4838
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Space Shower Skiyaki Holdings 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.

Space Shower Skiyaki Holdings'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*0.1364+1.4*0.1784+3.3*0.1096+0.6*1.1271+1.0*1.2412
=2.69

* 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18,417 Mil.
Total Current Assets was 円11,144 Mil.
Total Current Liabilities was 円8,631 Mil.
Retained Earnings was 円3,285 Mil.
Pre-Tax Income was 円2,018 Mil.
Interest Expense was 円-1 Mil.
Revenue was 円22,858 Mil.
Market Cap (Today) was 円10,683 Mil.
Total Liabilities was 円9,478 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
=(11143.567 - 8631.456)/18416.629
=0.1364

X2=Retained Earnings/Total Assets
=3285.299/18416.629
=0.1784

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2017.787 - -1.451)/18416.629
=0.1096

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=10682.718/9477.859
=1.1271

X5=Revenue/Total Assets
=22858.256/18416.629
=1.2412

The zones of discrimination were as such:

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

Space Shower Skiyaki Holdings has a Altman Z-Score of 2.69 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 2.69 mean?
Space Shower Skiyaki Holdings (TSE:4838) has a Altman Z-Score of 2.69 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Space Shower Skiyaki Holdings and its competitors. This is 21% below median its historical median of 3.39. Over the past decade, Space Shower Skiyaki Holdings' Altman Z-Score has ranged from 2.45 to 4.34. According to the industry distribution chart, Space Shower Skiyaki Holdings ranks #377 out of 1009 companies in the Media - Diversified industry, placing it in the top 37.4%.
Is Space Shower Skiyaki Holdings' Altman Z-Score too high?
Space Shower Skiyaki Holdings' current Altman Z-Score of 2.69 is 21% below median its 10-year median of 3.39. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 4.34. The Media - Diversified industry median Altman Z-Score is 1.99. Space Shower Skiyaki Holdings' value of 2.69 is 35.2% above this industry median. Based on the distribution chart, Space Shower Skiyaki Holdings ranks #377 out of 1009 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Space Shower Skiyaki Holdings has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Space Shower Skiyaki Holdings' Altman Z-Score compare to NXST?
According to the Media - Diversified industry distribution chart, Space Shower Skiyaki Holdings ranks #377 out of 1009 companies for Altman Z-Score. This puts Space Shower Skiyaki Holdings in the upper half of its industry. The industry median Altman Z-Score is 1.99. Space Shower Skiyaki Holdings' value of 2.69 is 35.2% above this benchmark. Historically, Space Shower Skiyaki Holdings' own Altman Z-Score has ranged from 2.45 to 4.34 over the past decade. While the company's 10-year median is 3.39 vs. the industry median of 1.99, Space Shower Skiyaki Holdings 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.99, based on 1,009 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. Space Shower Skiyaki Holdings's current Altman Z-Score of 2.69 is 35.2% 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 Space Shower Skiyaki Holdings and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Shower Skiyaki Holdings's current Altman Z-Score is 2.69, which is 21% below median its own 10-year median of 3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Shower Skiyaki Holdings stock overvalued right now?
Based on GuruFocus' analysis, Space Shower Skiyaki Holdings (TSE:4838) is currently considered Significantly Overvalued. The stock's GF Value™ is 円402.54, compared to a current price of 円659.00 — trading 63.7% above its estimated fair value. The current Altman Z-Score is 2.69, which is 21% below median its 10-year median of 3.39 and 35.2% above the Media - Diversified industry median of 1.99. Space Shower Skiyaki Holdings' overall GF Score™ is 70/100 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 Space Shower Skiyaki Holdings (TSE:4838), the current Altman Z-Score is 2.69 as of Jul. 14, 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 Space Shower Skiyaki Holdings (TSE:4838) Overvalued in 2026?

Based on GuruFocus' analysis, Space Shower Skiyaki Holdings stock appears to be overvalued. The current stock price of 円659.00 is trading 63.7% above its estimated GF Value™ of 円402.54. GuruFocus considers Space Shower Skiyaki Holdings to be Significantly Overvalued.

Key valuation signals for TSE:4838:

  • Altman Z-Score: 2.69 (21% below median its 10-year median of 3.39)
  • GF Value™: 円402.54 vs. price of 円659.00 (63.7% above fair value)
  • GF Score™: 70/100 with 3 warning signs
  • Industry Position: 35.2% above the Media - Diversified median (#377 of 1009)

No single metric tells the full story. See the TSE:4838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Space Shower Skiyaki Holdings Business Description

Address 2-25-12 Dogenzaka, 7th Floor, Dogenzaka-dori, Shibuya-ku, Tokyo, JPN, 150-0043
Space Shower Skiyaki Holdings Inc Contents business, Solutions business company. The company brings together all of the knowledge within the group, including events, live music venues, artist management, labels and agents, pay-TV, on-demand, entertainment cafes, platforms, fan clubs, e-commerce and merchandising, alliances, distribution, and video production, to increase the added value of existing content through digital transformation and provide 360 degree solutions, thereby supporting the sustainable creative activities of artists and creators at each stage of their careers.
70GF Score

Get the complete analysis for TSE:4838

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

円659.00
Price
円402.54
GF Value