SecondXight Analytica (TSE:5028) Altman Z-Score: 11.15 (As of Jul. 11, 2026) — 17% Above Median


TSE:5028 SecondXight Analytica Inc TSE:5028
81 GF Score
Price 円424.00
GF Value 円727.99
Valuation Possible Value Trap
! 2 Warning Signs
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What is SecondXight Analytica Altman Z-Score?

SecondXight Analytica TSE:5028 81 Altman Z-Score is 11.15 as of Jul. 11, 2026, which is 17% above its 10-year median of 9.52. GuruFocus rates TSE:5028 with a GF Score™ of 81/100 and a GF Value™ of 円727.99 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,762 Software companies, SecondXight Analytica ranks better than 86.53% 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 10.02 is strong.

SecondXight Analytica 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 SecondXight Analytica's Altman Z-Score or its related term are showing as below:

TSE:5028' s Altman Z-Score Range Over the Past 10 Years
Min: 9.17   Med: 9.52   Max: 19.52
Current: 10.02

During the past 6 years, SecondXight Analytica's highest Altman Z-Score was 19.52. The lowest was 9.17. And the median was 9.52.


SecondXight Analytica  (TSE:5028) 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.


SecondXight Analytica Altman Z-Score Related Terms


SecondXight Analytica Altman Z-Score Historical Data

* Premium members only.

The historical data trend for SecondXight Analytica'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.

SecondXight Analytica Altman Z-Score Chart

SecondXight Analytica Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 19.52 9.52 9.17

SecondXight Analytica Quarterly Data
Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 12.93 11.90 0.00 9.17 0.00

TSE:5028 vs MSFT, ORCL, PLTR: Altman Z-Score Comparison

For the Software - Infrastructure subindustry, SecondXight Analytica'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.


SecondXight Analytica Altman Z-Score vs Software Industry

For the Software industry and Technology sector, SecondXight Analytica's Altman Z-Score distribution charts can be found below:

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


TSE:5028
81GF Score
SecondXight Analytica Inc TSE:5028
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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SecondXight Analytica 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.

SecondXight Analytica'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*0.5+1.4*0.4744+3.3*0.0771+0.6*14.9646+1.0*0.6552
=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 Dec. 2025:
Total Assets was 円1,277.7 Mil.
Total Current Assets was 円881.3 Mil.
Total Current Liabilities was 円242.5 Mil.
Retained Earnings was 円606.1 Mil.
Pre-Tax Income was 46.342 + 0 + 0 + 51.913 = 円98.3 Mil.
Interest Expense was -0.125 + 0 + 0 + -0.142 = 円-0.3 Mil.
Revenue was 440.854 + 0 + 0 + 396.321 = 円837.2 Mil.
Market Cap (Today) was 円4,048.8 Mil.
Total Liabilities was 円270.6 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
=(881.312 - 242.543)/1277.654
=0.5

X2=Retained Earnings/Total Assets
=606.104/1277.654
=0.4744

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(98.255 - -0.267)/1277.654
=0.0771

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4048.794/270.559
=14.9646

X5=Revenue/Total Assets
=837.175/1277.654
=0.6552

The zones of discrimination were as such:

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

SecondXight Analytica 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?
SecondXight Analytica (TSE:5028) has a Altman Z-Score of 11.15 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SecondXight Analytica and its competitors. This is 17% above median its historical median of 9.52. Over the past decade, SecondXight Analytica's Altman Z-Score has ranged from 9.17 to 19.52. According to the industry distribution chart, SecondXight Analytica ranks #372 out of 2762 companies in the Software industry, placing it in the top 13.5%.
Is SecondXight Analytica's Altman Z-Score too high?
SecondXight Analytica's current Altman Z-Score of 11.15 is 17% above median its 10-year median of 9.52. Over the past 10 years, this metric has ranged from a low of 9.17 to a high of 19.52. The Software industry median Altman Z-Score is 3.17. SecondXight Analytica's value of 11.15 is 251.7% above this industry median. Based on the distribution chart, SecondXight Analytica ranks #372 out of 2762 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, SecondXight Analytica has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SecondXight Analytica's Altman Z-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, SecondXight Analytica ranks #372 out of 2762 companies for Altman Z-Score. This places SecondXight Analytica in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.17. SecondXight Analytica's value of 11.15 is 251.7% above this benchmark. Historically, SecondXight Analytica's own Altman Z-Score has ranged from 9.17 to 19.52 over the past decade. While the company's 10-year median is 9.52 vs. the industry median of 3.17, SecondXight Analytica 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 Software company?
The median Altman Z-Score among Software companies is 3.17, based on 2,762 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. SecondXight Analytica's current Altman Z-Score of 11.15 is 251.7% 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 SecondXight Analytica and its competitors. For the Software industry, the median Altman Z-Score is 3.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SecondXight Analytica's current Altman Z-Score is 11.15, which is 17% above median its own 10-year median of 9.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SecondXight Analytica stock overvalued right now?
Based on GuruFocus' analysis, SecondXight Analytica (TSE:5028) is currently considered Possible Value Trap. The stock's GF Value™ is 円727.99, compared to a current price of 円424.00 — trading 41.8% below its estimated fair value. The current Altman Z-Score is 11.15, which is 17% above median its 10-year median of 9.52 and 251.7% above the Software industry median of 3.17. SecondXight Analytica's overall GF Score™ is 81/100 with 2 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 SecondXight Analytica (TSE:5028), the current Altman Z-Score is 11.15 as of Jul. 11, 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 SecondXight Analytica (TSE:5028) Overvalued in 2026?

Based on GuruFocus' analysis, SecondXight Analytica stock appears to be undervalued. The current stock price of 円424.00 is trading 41.8% below its estimated GF Value™ of 円727.99. GuruFocus considers SecondXight Analytica to be Possible Value Trap.

Key valuation signals for TSE:5028:

  • Altman Z-Score: 11.15 (17% above median its 10-year median of 9.52)
  • GF Value™: 円727.99 vs. price of 円424.00 (41.8% below fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 251.7% above the Software median (#372 of 2762)

No single metric tells the full story. See the TSE:5028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SecondXight Analytica Business Description

Address 3-2-11 Nihonbashihoncho, Imon Nihonbashihoncho Building, 4th Floor, Chuo-ku, Tokyo, JPN, 103-0023
SecondXight Analytica Inc provides analytics-based consulting by supporting data analysis and machine learning model construction to solve specific business problems for its clients. In addition, it develops AI-based products such as R2Engine, an AI execution platform for processing large amounts of data; SkyFox, to build AI models; SkyFox HR, to quickly and accurately score a large number of application forms; and other products for its various clients. The company operates in a single segment, the analytics and AI services business.
81GF Score

Get the complete analysis for TSE:5028

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

円424.00
Price
円727.99
GF Value