Daiwa Cycle CoTSE:5888 -0.78%18 Altman Z-Score is 5.02 as of Jul. 12, 2026, which is 12% below its 10-year median of 5.73. GuruFocus rates TSE:5888 with a GF Score™ of 18/100. Among 1,316 Vehicles & Parts companies, Daiwa Cycle Co ranks better than 83.74% 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 5.36 is strong.
Daiwa Cycle Co has a Altman Z-Score of 5.02, 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 Daiwa Cycle Co's Altman Z-Score or its related term are showing as below:
TSE:5888'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.72 Med: 5.73 Max: 5.83
Current: 5.36
During the past 5 years, Daiwa Cycle Co's highest Altman Z-Score was 5.83. The lowest was 3.72. And the median was 5.73.
Daiwa Cycle Co (TSE:5888) 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.
Daiwa Cycle Co Altman Z-Score Related Terms
Daiwa Cycle Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Daiwa Cycle 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.
TSE:5888 vs BC, PII, THO: Altman Z-Score Comparison
For the Recreational Vehicles subindustry, Daiwa Cycle 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.
Daiwa Cycle Co Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Daiwa Cycle Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Daiwa Cycle 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.
Daiwa Cycle 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
*
0.3462
+
1.4
*
0.5263
+
3.3
*
0.1415
+
0.6
*
2.1417
+
1.0
*
2.1177
=
5.02
* 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.
Daiwa Cycle Co (TSE:5888) has a Altman Z-Score of 5.02 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Daiwa Cycle Co and its competitors. This is 12% below median its historical median of 5.73. Over the past decade, Daiwa Cycle Co's Altman Z-Score has ranged from 3.72 to 5.83. According to the industry distribution chart, Daiwa Cycle Co ranks #214 out of 1316 companies in the Vehicles & Parts industry, placing it in the top 16.3%.
Is Daiwa Cycle Co's Altman Z-Score too high?
Daiwa Cycle Co's current Altman Z-Score of 5.02 is 12% below median its 10-year median of 5.73. Over the past 10 years, this metric has ranged from a low of 3.72 to a high of 5.83. The Vehicles & Parts industry median Altman Z-Score is 2.58. Daiwa Cycle Co's value of 5.02 is 94.6% above this industry median. Based on the distribution chart, Daiwa Cycle Co ranks #214 out of 1316 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Daiwa Cycle Co has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Daiwa Cycle Co's Altman Z-Score compare to BC and PII?
According to the Vehicles & Parts industry distribution chart, Daiwa Cycle Co ranks #214 out of 1316 companies for Altman Z-Score. This places Daiwa Cycle Co in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.58. Daiwa Cycle Co's value of 5.02 is 94.6% above this benchmark. Historically, Daiwa Cycle Co's own Altman Z-Score has ranged from 3.72 to 5.83 over the past decade. While the company's 10-year median is 5.73 vs. the industry median of 2.58, Daiwa Cycle 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.58, based on 1,316 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. Daiwa Cycle Co's current Altman Z-Score of 5.02 is 94.6% 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 Daiwa Cycle Co and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Cycle Co's current Altman Z-Score is 5.02, which is 12% below median its own 10-year median of 5.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Cycle Co stock overvalued right now?
Daiwa Cycle Co (TSE:5888) has a current Altman Z-Score of 5.02. The current Altman Z-Score is 5.02, which is 12% below median its 10-year median of 5.73 and 94.6% above the Vehicles & Parts industry median of 2.58. Daiwa Cycle Co's overall GF Score™ is 18/100. 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 Daiwa Cycle Co (TSE:5888), the current Altman Z-Score is 5.02 as of Jul. 12, 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.
Daiwa Cycle Co Ltd is a specialty retail company that operates a chain of bicycle stores. The Company is engaged in the Sales of bicycles, bicycle parts and accessories as well as the provision of bicycle maintenance and repair. The company distributes its products and services directly to consumers through its directly managed physical locations, franchise partnerships, and e-commerce platforms.
18GF Score
Get the complete analysis for TSE:5888
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:5888 has been successfully added to your 
