Bando Chemical IndustriesTSE:5195 +1.87%84 Altman Z-Score is 3.65 as of Jul. 05, 2026, which is 25% above its 10-year median of 2.92. GuruFocus rates TSE:5195 with a GF Score™ of 84/100 and a GF Value™ of 円1,987.40 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 3,008 Industrial Products companies, Bando Chemical Industries ranks better than 52.96% 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 3.65 is strong.
Bando Chemical Industries has a Altman Z-Score of 3.65, 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 Bando Chemical Industries's Altman Z-Score or its related term are showing as below:
TSE:5195'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.18 Med: 2.92 Max: 3.65
Current: 3.65
During the past 13 years, Bando Chemical Industries's highest Altman Z-Score was 3.65. The lowest was 2.18. And the median was 2.92.
Bando Chemical Industries (TSE:5195) 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.
TSE:5195 vs GEV, ETN, PH: Altman Z-Score Comparison
For the Specialty Industrial Machinery subindustry, Bando Chemical Industries'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.
Bando Chemical Industries Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bando Chemical Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Bando Chemical Industries's Altman Z-Score falls into.
Bando Chemical Industries 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.
Bando Chemical Industries (TSE:5195) has a Altman Z-Score of 3.65 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bando Chemical Industries and its competitors. This is 25% above median its historical median of 2.92. Over the past decade, Bando Chemical Industries' Altman Z-Score has ranged from 2.18 to 3.65. According to the industry distribution chart, Bando Chemical Industries ranks #1415 out of 3008 companies in the Industrial Products industry, placing it in the top 47%.
Is Bando Chemical Industries' Altman Z-Score too high?
Bando Chemical Industries' current Altman Z-Score of 3.65 is 25% above median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 3.65. The Industrial Products industry median Altman Z-Score is 3.40. Bando Chemical Industries' value of 3.65 is 7.4% above this industry median. Based on the distribution chart, Bando Chemical Industries ranks #1415 out of 3008 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Bando Chemical Industries has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bando Chemical Industries' Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Bando Chemical Industries ranks #1415 out of 3008 companies for Altman Z-Score. This puts Bando Chemical Industries in the upper half of its industry. The industry median Altman Z-Score is 3.40. Bando Chemical Industries' value of 3.65 is 7.4% above this benchmark. Historically, Bando Chemical Industries' own Altman Z-Score has ranged from 2.18 to 3.65 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 3.40, Bando Chemical Industries 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.40, based on 3,008 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. Bando Chemical Industries's current Altman Z-Score of 3.65 is 7.4% 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 Bando Chemical Industries and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bando Chemical Industries's current Altman Z-Score is 3.65, which is 25% above median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bando Chemical Industries stock overvalued right now?
Based on GuruFocus' analysis, Bando Chemical Industries (TSE:5195) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,987.40, compared to a current price of 円2,231.00 — trading 12.3% above its estimated fair value. The current Altman Z-Score is 3.65, which is 25% above median its 10-year median of 2.92 and 7.4% above the Industrial Products industry median of 3.40. Bando Chemical Industries' overall GF Score™ is 84/100 with 4 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 Bando Chemical Industries (TSE:5195), the current Altman Z-Score is 3.65 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 Bando Chemical Industries (TSE:5195) Overvalued in 2026?
Based on GuruFocus' analysis, Bando Chemical Industries stock appears to be overvalued.
The current stock price of 円2,231.00 is trading 12.3% above its estimated GF Value™ of 円1,987.40.
GuruFocus considers Bando Chemical Industries to be Modestly Overvalued.
Key valuation signals for TSE:5195:
Altman Z-Score: 3.65 (25% above median its 10-year median of 2.92)
GF Value™: 円1,987.40 vs. price of 円2,231.00 (12.3% above fair value)
Industry Position: 7.4% above the Industrial Products median (#1415 of 3008)
No single metric tells the full story. See the TSE:5195 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bando Chemical Industries Ltd manufactures and sells rubber and plastic products such as power transmission belts and systems, belts used in precision equipment, and multimedia parts made form urethane and resins. It operates its business under Belt, Advanced Elastomer Products, and Other segments. Belt segment manufactures and sells transmission belts for automobiles and general industry use, conveyor belts, resin conveyor belts, synchronous conveyor belts, transportation system products, hulling roll and railway track product, among others. Elastomer segment manufactures and sells polyurethane functional components, precision abrasives, films for building materials, medical films and industrial films, among others. Bando earns the majority of its revenue from Belt business.
84GF Score
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