ReproCELLorp (TSE:4978) Altman Z-Score: 11.15 (As of Jul. 05, 2026) — 46% Below Median


TSE:4978 ReproCELL Incorp TSE:4978
62 GF Score
Price 円130.00
GF Value 円152.82
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is ReproCELLorp Altman Z-Score?

ReproCELLorp TSE:4978 +4.84% 62 Altman Z-Score is 11.15 as of Jul. 05, 2026, which is 46% below its 10-year median of 20.47. GuruFocus rates TSE:4978 with a GF Score™ of 62/100 and a GF Value™ of 円152.82 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 926 Biotechnology companies, ReproCELLorp ranks better than 78.19% 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 11.15 is strong.

ReproCELLorp has a Altman Z-Score of 11.15, 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 ReproCELLorp's Altman Z-Score or its related term are showing as below:

TSE:4978' s Altman Z-Score Range Over the Past 10 Years
Min: 11.15   Med: 20.47   Max: 37.06
Current: 11.15

During the past 13 years, ReproCELLorp's highest Altman Z-Score was 37.06. The lowest was 11.15. And the median was 20.47.


ReproCELLorp  (TSE:4978) 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.


ReproCELLorp Altman Z-Score Related Terms


ReproCELLorp Altman Z-Score Historical Data

* Premium members only.

The historical data trend for ReproCELLorp'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.

ReproCELLorp Altman Z-Score Chart

ReproCELLorp 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 13.85 16.84 12.66 13.04 14.38

ReproCELLorp Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 13.04 17.08 16.88 5.68 14.38

TSE:4978 vs VRTX, REGN, ALNY: Altman Z-Score Comparison

For the Biotechnology subindustry, ReproCELLorp'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.


ReproCELLorp Altman Z-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ReproCELLorp's Altman Z-Score distribution charts can be found below:

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


TSE:4978
62GF Score
ReproCELL Incorp TSE:4978
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ReproCELLorp 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.

ReproCELLorp'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*0.7424+1.4*-0.0604+3.3*-0.0649+0.6*17.1856+1.0*0.2467
=11.15

* 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9,053 Mil.
Total Current Assets was 円7,399 Mil.
Total Current Liabilities was 円678 Mil.
Retained Earnings was 円-547 Mil.
Pre-Tax Income was -132.286 + 28.287 + -181.523 + -301.866 = 円-587 Mil.
Interest Expense was 0 + 0 + 0 + 0 = 円0 Mil.
Revenue was 623.729 + 635.724 + 498.22 + 475.845 = 円2,234 Mil.
Market Cap (Today) was 円12,735 Mil.
Total Liabilities was 円741 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
=(7399.338 - 678.403)/9052.627
=0.7424

X2=Retained Earnings/Total Assets
=-546.875/9052.627
=-0.0604

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-587.388 - 0)/9052.627
=-0.0649

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=12735.143/741.034
=17.1856

X5=Revenue/Total Assets
=2233.518/9052.627
=0.2467

The zones of discrimination were as such:

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

ReproCELLorp has a Altman Z-Score of 11.15 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 11.15 mean?
ReproCELLorp (TSE:4978) has a Altman Z-Score of 11.15 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ReproCELLorp and its competitors. This is 46% below median its historical median of 20.47. Over the past decade, ReproCELLorp's Altman Z-Score has ranged from 11.15 to 37.06. According to the industry distribution chart, ReproCELLorp ranks #202 out of 926 companies in the Biotechnology industry, placing it in the top 21.8%.
Is ReproCELLorp's Altman Z-Score too high?
ReproCELLorp's current Altman Z-Score of 11.15 is 46% below median its 10-year median of 20.47. Over the past 10 years, this metric has ranged from a low of 11.15 to a high of 37.06. The Biotechnology industry median Altman Z-Score is 2.77. ReproCELLorp's value of 11.15 is 303.3% above this industry median. Based on the distribution chart, ReproCELLorp ranks #202 out of 926 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, ReproCELLorp has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ReproCELLorp's Altman Z-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, ReproCELLorp ranks #202 out of 926 companies for Altman Z-Score. This places ReproCELLorp in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.77. ReproCELLorp's value of 11.15 is 303.3% above this benchmark. Historically, ReproCELLorp's own Altman Z-Score has ranged from 11.15 to 37.06 over the past decade. While the company's 10-year median is 20.47 vs. the industry median of 2.77, ReproCELLorp 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 Biotechnology company?
The median Altman Z-Score among Biotechnology companies is 2.77, based on 926 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. ReproCELLorp's current Altman Z-Score of 11.15 is 303.3% 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 ReproCELLorp and its competitors. For the Biotechnology industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ReproCELLorp's current Altman Z-Score is 11.15, which is 46% below median its own 10-year median of 20.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ReproCELLorp stock overvalued right now?
Based on GuruFocus' analysis, ReproCELLorp (TSE:4978) is currently considered Modestly Undervalued. The stock's GF Value™ is 円152.82, compared to a current price of 円130.00 — trading 14.9% below its estimated fair value. The current Altman Z-Score is 11.15, which is 46% below median its 10-year median of 20.47 and 303.3% above the Biotechnology industry median of 2.77. ReproCELLorp's overall GF Score™ is 62/100 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 ReproCELLorp (TSE:4978), the current Altman Z-Score is 11.15 as of Jul. 05, 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 ReproCELLorp (TSE:4978) Overvalued in 2026?

Based on GuruFocus' analysis, ReproCELLorp stock appears to be undervalued. The current stock price of 円130.00 is trading 14.9% below its estimated GF Value™ of 円152.82. GuruFocus considers ReproCELLorp to be Modestly Undervalued.

Key valuation signals for TSE:4978:

  • Altman Z-Score: 11.15 (46% below median its 10-year median of 20.47)
  • GF Value™: 円152.82 vs. price of 円130.00 (14.9% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 303.3% above the Biotechnology median (#202 of 926)

No single metric tells the full story. See the TSE:4978 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ReproCELLorp Business Description

Address KDX Shin-Yokohama 381 Bldg. 9F, 3-8-11, Shin-Yokohama, Kohoku-ku, Kanagawa, Yokohama, JPN, 222-0033
ReproCELL Incorp is one of the leading stem cell research company in Japan. The company provides stem cell services, predictive drug discovery services, tissue services, and molecular services.
62GF Score

Get the complete analysis for TSE:4978

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

円130.00
Price
円152.82
GF Value