Nihon Yamamura Glass Co (TSE:5210) Altman Z-Score: 1.91 (As of Jul. 11, 2026) — 29% Above Median


TSE:5210 Nihon Yamamura Glass Co Ltd TSE:5210
56 GF Score
Price 円2,815.00
GF Value 円1,739.43
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Nihon Yamamura Glass Co Altman Z-Score?

Nihon Yamamura Glass Co TSE:5210 +0.14% 56 Altman Z-Score is 1.91 as of Jul. 11, 2026, which is 29% above its 10-year median of 1.48. GuruFocus rates TSE:5210 with a GF Score™ of 56/100 and a GF Value™ of 円1,739.43 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 390 Packaging & Containers companies, Nihon Yamamura Glass Co ranks worse than 68.97% 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 1.91 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.

Nihon Yamamura Glass Co has a Altman Z-Score of 1.91, indicating it is in Grey Zones. This implies that Nihon Yamamura Glass Co 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 Nihon Yamamura Glass Co's Altman Z-Score or its related term are showing as below:

TSE:5210' s Altman Z-Score Range Over the Past 10 Years
Min: 0.72   Med: 1.48   Max: 2.09
Current: 1.91

During the past 13 years, Nihon Yamamura Glass Co's highest Altman Z-Score was 2.09. The lowest was 0.72. And the median was 1.48.


Nihon Yamamura Glass Co  (TSE:5210) 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.


Nihon Yamamura Glass Co Altman Z-Score Related Terms


Nihon Yamamura Glass Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nihon Yamamura Glass 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.

Nihon Yamamura Glass Co Altman Z-Score Chart

Nihon Yamamura Glass Co 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 0.72 0.99 2.09 1.78 1.91

Nihon Yamamura Glass Co 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 2.09 1.57 1.78 0.00 1.91

TSE:5210 vs SW, PKG, IP: Altman Z-Score Comparison

For the Packaging & Containers subindustry, Nihon Yamamura Glass 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.


Nihon Yamamura Glass Co Altman Z-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Nihon Yamamura Glass Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Nihon Yamamura Glass Co's Altman Z-Score falls into.


TSE:5210
56GF Score
Nihon Yamamura Glass Co Ltd TSE:5210
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Nihon Yamamura Glass Co 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.

Nihon Yamamura Glass 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*0.2075+1.4*0.2432+3.3*0.0487+0.6*0.6995+1.0*0.7404
=1.91

* 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97,497 Mil.
Total Current Assets was 円40,315 Mil.
Total Current Liabilities was 円20,084 Mil.
Retained Earnings was 円23,713 Mil.
Pre-Tax Income was 円4,451 Mil.
Interest Expense was 円-293 Mil.
Revenue was 円72,190 Mil.
Market Cap (Today) was 円28,772 Mil.
Total Liabilities was 円41,130 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
=(40315 - 20084)/97497
=0.2075

X2=Retained Earnings/Total Assets
=23713/97497
=0.2432

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(4451 - -293)/97497
=0.0487

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=28771.620/41130
=0.6995

X5=Revenue/Total Assets
=72190/97497
=0.7404

The zones of discrimination were as such:

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

Nihon Yamamura Glass Co has a Altman Z-Score of 1.91 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 1.91 mean?
Nihon Yamamura Glass Co (TSE:5210) has a Altman Z-Score of 1.91 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nihon Yamamura Glass Co and its competitors. This is 29% above median its historical median of 1.48. Over the past decade, Nihon Yamamura Glass Co's Altman Z-Score has ranged from 0.72 to 2.09. According to the industry distribution chart, Nihon Yamamura Glass Co ranks #269 out of 390 companies in the Packaging & Containers industry, placing it in the top 69%.
Is Nihon Yamamura Glass Co's Altman Z-Score too high?
Nihon Yamamura Glass Co's current Altman Z-Score of 1.91 is 29% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 2.09. The Packaging & Containers industry median Altman Z-Score is 2.68. Nihon Yamamura Glass Co's value of 1.91 is 28.6% below this industry median. Based on the distribution chart, Nihon Yamamura Glass Co ranks #269 out of 390 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Nihon Yamamura Glass Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Yamamura Glass Co's Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Nihon Yamamura Glass Co ranks #269 out of 390 companies for Altman Z-Score. This places Nihon Yamamura Glass Co in the lower half of its industry. The industry median Altman Z-Score is 2.68. Nihon Yamamura Glass Co's value of 1.91 is 28.6% below this benchmark. Historically, Nihon Yamamura Glass Co's own Altman Z-Score has ranged from 0.72 to 2.09 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 2.68, Nihon Yamamura Glass Co has consistently been below 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.68, based on 390 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. Nihon Yamamura Glass Co's current Altman Z-Score of 1.91 is 28.6% below 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 Nihon Yamamura Glass Co and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Yamamura Glass Co's current Altman Z-Score is 1.91, which is 29% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Yamamura Glass Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Yamamura Glass Co (TSE:5210) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,739.43, compared to a current price of 円2,815.00 — trading 61.8% above its estimated fair value. The current Altman Z-Score is 1.91, which is 29% above median its 10-year median of 1.48 and 28.6% below the Packaging & Containers industry median of 2.68. Nihon Yamamura Glass Co's overall GF Score™ is 56/100 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 Nihon Yamamura Glass Co (TSE:5210), the current Altman Z-Score is 1.91 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 Nihon Yamamura Glass Co (TSE:5210) Overvalued in 2026?

Based on GuruFocus' analysis, Nihon Yamamura Glass Co stock appears to be overvalued. The current stock price of 円2,815.00 is trading 61.8% above its estimated GF Value™ of 円1,739.43. GuruFocus considers Nihon Yamamura Glass Co to be Significantly Overvalued.

Key valuation signals for TSE:5210:

  • Altman Z-Score: 1.91 (29% above median its 10-year median of 1.48)
  • GF Value™: 円1,739.43 vs. price of 円2,815.00 (61.8% above fair value)
  • GF Score™: 56/100 with 2 warning signs
  • Industry Position: 28.6% below the Packaging & Containers median (#269 of 390)

No single metric tells the full story. See the TSE:5210 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nihon Yamamura Glass Co Business Description

Address 15-1 Nishimukojima-cho, Hyogo, Amagasaki, JPN, 660-8580
Nihon Yamamura Glass Co Ltd is a Japanese based company engaged in the manufacturing and sale of glass bottles and plastic containers. It is also engaged in manufacturing and sale of powdered glass and glass paste. Designing, manufacturing, sale and installation work of machines and plant facilities. The company's segments include: Glass bottle-related business, Plastic container-related business, Logistics-related business, and New Glass-related Business.
56GF Score

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

円2,815.00
Price
円1,739.43
GF Value