Sankyo Tateyama (TSE:5932) Altman Z-Score: 1.32 (As of Aug. 07, 2026) — 19% Below Median

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TSE:5932 Sankyo Tateyama Inc TSE:5932
59 GF Score
Price 円656.00
GF Value 円736.53
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Sankyo Tateyama Altman Z-Score?

Sankyo Tateyama TSE:5932 +0.15% 59 Altman Z-Score is 1.32 as of Aug. 07, 2026, which is 19% below its 10-year median of 1.62. GuruFocus rates TSE:5932 with a GF Score™ of 59/100 and a GF Value™ of 円736.53 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,759 Construction companies, Sankyo Tateyama ranks worse than 85.67% 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 0.8 is in distress zone. This implies bankruptcy possibility in the next two years.

Sankyo Tateyama has a Altman Z-Score of 1.32, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Sankyo Tateyama's Altman Z-Score or its related term are showing as below:

TSE:5932' s Altman Z-Score Range Over the Past 10 Years
Min: 0.8   Med: 1.62   Max: 1.78
Current: 0.8

During the past 13 years, Sankyo Tateyama's highest Altman Z-Score was 1.78. The lowest was 0.80. And the median was 1.62.


Sankyo Tateyama  (TSE:5932) 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.


Sankyo Tateyama Altman Z-Score Related Terms


Sankyo Tateyama Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sankyo Tateyama'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.

Sankyo Tateyama Altman Z-Score Chart

Sankyo Tateyama Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.60 1.65 1.56 0.82 0.00

Sankyo Tateyama Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 0.82 0.82 0.54 0.80 0.00

TSE:5932 vs TT, JCI, CARR: Altman Z-Score Comparison

For the Building Products & Equipment subindustry, Sankyo Tateyama'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.


Sankyo Tateyama Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Sankyo Tateyama's Altman Z-Score distribution charts can be found below:

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


TSE:5932
59GF Score
Sankyo Tateyama Inc TSE:5932
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sankyo Tateyama 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.

Sankyo Tateyama'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*0.1232+1.4*0.0334+3.3*-0.0298+0.6*0.0969+1.0*1.1684
=1.32

* 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 Feb. 2026:
Total Assets was 円305,992 Mil.
Total Current Assets was 円151,254 Mil.
Total Current Liabilities was 円113,568 Mil.
Retained Earnings was 円10,227 Mil.
Pre-Tax Income was -10064 + 394 + -102 + -1341 = 円-11,113 Mil.
Interest Expense was -577 + -507 + -464 + -450 = 円-1,998 Mil.
Revenue was 94562 + 84213 + 92903 + 85855 = 円357,533 Mil.
Market Cap (Today) was 円20,527 Mil.
Total Liabilities was 円211,752 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
=(151254 - 113568)/305992
=0.1232

X2=Retained Earnings/Total Assets
=10227/305992
=0.0334

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-11113 - -1998)/305992
=-0.0298

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=20527.371/211752
=0.0969

X5=Revenue/Total Assets
=357533/305992
=1.1684

The zones of discrimination were as such:

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

Sankyo Tateyama has a Altman Z-Score of 1.32 indicating it is in Distress 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 1.32 mean?
Sankyo Tateyama (TSE:5932) has a Altman Z-Score of 1.32 as of Aug. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sankyo Tateyama and its competitors. This is 19% below median its historical median of 1.62. Over the past decade, Sankyo Tateyama's Altman Z-Score has ranged from 0.80 to 1.78. According to the industry distribution chart, Sankyo Tateyama ranks #1507 out of 1759 companies in the Construction industry, placing it in the top 85.7%.
Is Sankyo Tateyama's Altman Z-Score too high?
Sankyo Tateyama's current Altman Z-Score of 1.32 is 19% below median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 1.78. The Construction industry median Altman Z-Score is 2.29. Sankyo Tateyama's value of 1.32 is 42.4% below this industry median. Based on the distribution chart, Sankyo Tateyama ranks #1507 out of 1759 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Sankyo Tateyama has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sankyo Tateyama's Altman Z-Score compare to TT and JCI?
According to the Construction industry distribution chart, Sankyo Tateyama ranks #1507 out of 1759 companies for Altman Z-Score. This places Sankyo Tateyama in the lower half of its industry. The industry median Altman Z-Score is 2.29. Sankyo Tateyama's value of 1.32 is 42.4% below this benchmark. Historically, Sankyo Tateyama's own Altman Z-Score has ranged from 0.80 to 1.78 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 2.29, Sankyo Tateyama 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 Construction company?
The median Altman Z-Score among Construction companies is 2.29, based on 1,759 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. Sankyo Tateyama's current Altman Z-Score of 1.32 is 42.4% 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 Sankyo Tateyama and its competitors. For the Construction industry, the median Altman Z-Score is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sankyo Tateyama's current Altman Z-Score is 1.32, which is 19% below median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sankyo Tateyama stock overvalued right now?
Based on GuruFocus' analysis, Sankyo Tateyama (TSE:5932) is currently considered Modestly Undervalued. The stock's GF Value™ is 円736.53, compared to a current price of 円656.00 — trading 10.9% below its estimated fair value. The current Altman Z-Score is 1.32, which is 19% below median its 10-year median of 1.62 and 42.4% below the Construction industry median of 2.29. Sankyo Tateyama's overall GF Score™ is 59/100 with 5 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 Sankyo Tateyama (TSE:5932), the current Altman Z-Score is 1.32 as of Aug. 07, 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 Sankyo Tateyama (TSE:5932) Overvalued in 2026?

Based on GuruFocus' analysis, Sankyo Tateyama stock appears to be undervalued. The current stock price of 円656.00 is trading 10.9% below its estimated GF Value™ of 円736.53. GuruFocus considers Sankyo Tateyama to be Modestly Undervalued.

Key valuation signals for TSE:5932:

  • Altman Z-Score: 1.32 (19% below median its 10-year median of 1.62)
  • GF Value™: 円736.53 vs. price of 円656.00 (10.9% below fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 42.4% below the Construction median (#1507 of 1759)

No single metric tells the full story. See the TSE:5932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sankyo Tateyama Business Description

Address 70 Hayakawa, Toyama, Takaoka, JPN, 933-8610
Sankyo Tateyama Inc designs, manufactures, and sells a wide range of building and housing construction materials, including exterior products and fabricated items made from rolled aluminum and other metals. The company is also involved in the casting, extrusion, and fabrication of aluminum and magnesium. Additionally, it provides commercial and general-purpose display fixtures, standard signboards, and other signage, along with maintenance services for stores and related equipment.
59GF Score

Get the complete analysis for TSE:5932

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

円656.00
Price
円736.53
GF Value