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Arisawa Mfg CoTSE:5208 +1.91%82 Altman Z-Score is 3.61 as of Jul. 14, 2026, which is 22% above its 10-year median of 2.95. GuruFocus rates TSE:5208 with a GF Score™ of 82/100 and a GF Value™ of 円1,771.40 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,464 Hardware companies, Arisawa Mfg Co ranks better than 50.28% 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 3.61 is strong.
Arisawa Mfg Co has a Altman Z-Score of 3.61, 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 Arisawa Mfg Co's Altman Z-Score or its related term are showing as below:
TSE:5208'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.57 Med: 2.95 Max: 3.61
Current: 3.61
During the past 13 years, Arisawa Mfg Co's highest Altman Z-Score was 3.61. The lowest was 2.57. And the median was 2.95.
Arisawa Mfg Co (TSE:5208) 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.
Altman Z-Score does not apply to financial companies.
Arisawa Mfg Co Altman Z-Score Related Terms
Arisawa Mfg Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Arisawa Mfg Co'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.
For the Electronic Components subindustry, Arisawa Mfg 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.
Arisawa Mfg Co Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Arisawa Mfg Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Arisawa Mfg Co's Altman Z-Score falls into.
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.
Arisawa Mfg Co'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
*
0.3376
+
1.4
*
0.4347
+
3.3
*
0.0835
+
0.6
*
2.7095
+
1.0
*
0.6969
=
3.61
* 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.
Arisawa Mfg Co (TSE:5208) has a Altman Z-Score of 3.61 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Arisawa Mfg Co and its competitors. This is 22% above median its historical median of 2.95. Over the past decade, Arisawa Mfg Co's Altman Z-Score has ranged from 2.57 to 3.61. According to the industry distribution chart, Arisawa Mfg Co ranks #1225 out of 2464 companies in the Hardware industry, placing it in the top 49.7%.
Is Arisawa Mfg Co's Altman Z-Score too high?
Arisawa Mfg Co's current Altman Z-Score of 3.61 is 22% above median its 10-year median of 2.95. Over the past 10 years, this metric has ranged from a low of 2.57 to a high of 3.61. The Hardware industry median Altman Z-Score is 3.59. Arisawa Mfg Co's value of 3.61 is 0.6% above this industry median. Based on the distribution chart, Arisawa Mfg Co ranks #1225 out of 2464 companies in the Hardware industry, which is above the industry midpoint. Overall, Arisawa Mfg Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arisawa Mfg Co's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Arisawa Mfg Co ranks #1225 out of 2464 companies for Altman Z-Score. This puts Arisawa Mfg Co in the upper half of its industry. The industry median Altman Z-Score is 3.59. Arisawa Mfg Co's value of 3.61 is 0.6% above this benchmark. Historically, Arisawa Mfg Co's own Altman Z-Score has ranged from 2.57 to 3.61 over the past decade. While the company's 10-year median is 2.95 vs. the industry median of 3.59, Arisawa Mfg Co 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.59, based on 2,464 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. Arisawa Mfg Co's current Altman Z-Score of 3.61 is 0.6% 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 Arisawa Mfg Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arisawa Mfg Co's current Altman Z-Score is 3.61, which is 22% above median its own 10-year median of 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arisawa Mfg Co stock overvalued right now?
Based on GuruFocus' analysis, Arisawa Mfg Co (TSE:5208) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,771.40, compared to a current price of 円2,509.00 — trading 41.6% above its estimated fair value. The current Altman Z-Score is 3.61, which is 22% above median its 10-year median of 2.95 and 0.6% above the Hardware industry median of 3.59. Arisawa Mfg Co's overall GF Score™ is 82/100 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 Arisawa Mfg Co (TSE:5208), the current Altman Z-Score is 3.61 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 Arisawa Mfg Co (TSE:5208) Overvalued in 2026?
Based on GuruFocus' analysis, Arisawa Mfg Co stock appears to be overvalued.
The current stock price of 円2,509.00 is trading 41.6% above its estimated GF Value™ of 円1,771.40.
GuruFocus considers Arisawa Mfg Co to be Significantly Overvalued.
Key valuation signals for TSE:5208:
Altman Z-Score: 3.61 (22% above median its 10-year median of 2.95)
GF Value™: 円1,771.40 vs. price of 円2,509.00 (41.6% above fair value)
Industry Position: 0.6% above the Hardware median (#1225 of 2464)
No single metric tells the full story. See the TSE:5208 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arisawa Mfg Co Ltd is a Japanese based company, engages in the manufacture and sale of electronic materials of electronic materials. The company provides electronic materials used in personal computers and cellular phones; and optoelectronic materials such as Fresnel lenses for projection TV; electrical insulating materials; and structural materials. It also offers display materials comprising anti-reflection films, 3D display filters, special optical films, 3D display equipment, polarizing plates, hard-coating films, and projection screens.
82GF Score
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