Chofu Seisakusho Co (TSE:5946) Altman Z-Score: 6.39 (As of Aug. 08, 2026) — Near Median

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TSE:5946 Chofu Seisakusho Co Ltd TSE:5946
65 GF Score
Price 円2,108.00
GF Value 円1,985.10
Valuation Fairly Valued
! 5 Warning Signs
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What is Chofu Seisakusho Co Altman Z-Score?

Chofu Seisakusho Co TSE:5946 +0.67% 65 Altman Z-Score is 6.39 as of Aug. 08, 2026, which is 0% above its 10-year median of 6.38. GuruFocus rates TSE:5946 with a GF Score™ of 65/100 and a GF Value™ of 円1,985.10 (Fairly Valued). The stock has 5 warning signs investors should review. Among 429 Furnishings, Fixtures & Appliances companies, Chofu Seisakusho Co ranks better than 83.68% 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 5.77 is strong.

Chofu Seisakusho Co has a Altman Z-Score of 6.39, 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 Chofu Seisakusho Co's Altman Z-Score or its related term are showing as below:

TSE:5946' s Altman Z-Score Range Over the Past 10 Years
Min: 5.69   Med: 6.38   Max: 6.92
Current: 5.77

During the past 13 years, Chofu Seisakusho Co's highest Altman Z-Score was 6.92. The lowest was 5.69. And the median was 6.38.


Chofu Seisakusho Co  (TSE:5946) 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.


Chofu Seisakusho Co Altman Z-Score Related Terms


Chofu Seisakusho Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Chofu Seisakusho 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.

Chofu Seisakusho Co Altman Z-Score Chart

Chofu Seisakusho Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.45 6.00 6.44 6.76 5.69

Chofu Seisakusho Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 5.76 5.48 6.19 5.69 0.00

TSE:5946 vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Chofu Seisakusho 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.


Chofu Seisakusho Co Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Chofu Seisakusho Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Chofu Seisakusho Co's Altman Z-Score falls into.


TSE:5946
65GF Score
Chofu Seisakusho Co Ltd TSE:5946
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Chofu Seisakusho 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.

Chofu Seisakusho 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*0.1614+1.4*0.8209+3.3*0.0228+0.6*7.763+1.0*0.315
=6.39

* 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 Dec. 2025:
Total Assets was 円148,119 Mil.
Total Current Assets was 円31,177 Mil.
Total Current Liabilities was 円7,271 Mil.
Retained Earnings was 円121,586 Mil.
Pre-Tax Income was 1149 + 2056 + 1025 + -856 = 円3,374 Mil.
Interest Expense was -2 + -2 + -2 + -2 = 円-8 Mil.
Revenue was 11137 + 14448 + 10913 + 10166 = 円46,664 Mil.
Market Cap (Today) was 円71,676 Mil.
Total Liabilities was 円9,233 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
=(31177 - 7271)/148119
=0.1614

X2=Retained Earnings/Total Assets
=121586/148119
=0.8209

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3374 - -8)/148119
=0.0228

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=71675.811/9233
=7.763

X5=Revenue/Total Assets
=46664/148119
=0.315

The zones of discrimination were as such:

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

Chofu Seisakusho Co has a Altman Z-Score of 6.39 indicating it is in Safe 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 6.39 mean?
Chofu Seisakusho Co (TSE:5946) has a Altman Z-Score of 6.39 as of Aug. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Chofu Seisakusho Co and its competitors. This is near median its historical median of 6.38. Over the past decade, Chofu Seisakusho Co's Altman Z-Score has ranged from 5.69 to 6.92. According to the industry distribution chart, Chofu Seisakusho Co ranks #70 out of 429 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 16.3%.
Is Chofu Seisakusho Co's Altman Z-Score too high?
Chofu Seisakusho Co's current Altman Z-Score of 6.39 is near median its 10-year median of 6.38. Over the past 10 years, this metric has ranged from a low of 5.69 to a high of 6.92. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.77. Chofu Seisakusho Co's value of 6.39 is 130.7% above this industry median. Based on the distribution chart, Chofu Seisakusho Co ranks #70 out of 429 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Chofu Seisakusho Co has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chofu Seisakusho Co's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Chofu Seisakusho Co ranks #70 out of 429 companies for Altman Z-Score. This places Chofu Seisakusho Co in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.77. Chofu Seisakusho Co's value of 6.39 is 130.7% above this benchmark. Historically, Chofu Seisakusho Co's own Altman Z-Score has ranged from 5.69 to 6.92 over the past decade. While the company's 10-year median is 6.38 vs. the industry median of 2.77, Chofu Seisakusho 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.77, based on 429 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. Chofu Seisakusho Co's current Altman Z-Score of 6.39 is 130.7% 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 Chofu Seisakusho Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chofu Seisakusho Co's current Altman Z-Score is 6.39, which is near median its own 10-year median of 6.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chofu Seisakusho Co stock overvalued right now?
Based on GuruFocus' analysis, Chofu Seisakusho Co (TSE:5946) is currently considered Fairly Valued. The stock's GF Value™ is 円1,985.10, compared to a current price of 円2,108.00 — trading 6.2% above its estimated fair value. The current Altman Z-Score is 6.39, which is near median its 10-year median of 6.38 and 130.7% above the Furnishings, Fixtures & Appliances industry median of 2.77. Chofu Seisakusho Co's overall GF Score™ is 65/100 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 Chofu Seisakusho Co (TSE:5946), the current Altman Z-Score is 6.39 as of Aug. 08, 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 Chofu Seisakusho Co (TSE:5946) Overvalued in 2026?

Based on GuruFocus' analysis, Chofu Seisakusho Co stock appears to be overvalued. The current stock price of 円2,108.00 is trading 6.2% above its estimated GF Value™ of 円1,985.10. GuruFocus considers Chofu Seisakusho Co to be Fairly Valued.

Key valuation signals for TSE:5946:

  • Altman Z-Score: 6.39 (near median its 10-year median of 6.38)
  • GF Value™: 円1,985.10 vs. price of 円2,108.00 (6.2% above fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 130.7% above the Furnishings, Fixtures & Appliances median (#70 of 429)

No single metric tells the full story. See the TSE:5946 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chofu Seisakusho Co Business Description

Address 2-1 Chofu ogimachi, Shimonoseki-shi, Yamaguchi, JPN, 752-8555
Chofu Seisakusho Co Ltd is a Japanese manufacturing company that produces and sells water heaters, air conditioners, heat pump systems, solar equipment, and Kitchen related, commercial household equipment . It operates solely across Japan. These operations are divided among its sales and marketing, manufacturing and engineering, research and development, and quality control activities.
65GF Score

Get the complete analysis for TSE:5946

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

円2,108.00
Price
円1,985.10
GF Value