AqualineTSE:6173 21 Altman Z-Score is -5.64 as of Jul. 06, 2026. GuruFocus rates TSE:6173 with a GF Score™ of 21/100 and a GF Value™ of 円44.82 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,059 Business Services companies, Aqualine ranks worse than 97.73% 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 -5.64 is in distress zone. This implies bankruptcy possibility in the next two years.
Aqualine has a Altman Z-Score of -5.64, 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 Aqualine's Altman Z-Score or its related term are showing as below:
TSE:6173'
s Altman Z-Score Range Over the Past 10 Years
Min: -5.64 Med: 2.02 Max: 8.1
Current: -5.64
During the past 12 years, Aqualine's highest Altman Z-Score was 8.10. The lowest was -5.64. And the median was 2.02.
Aqualine (TSE:6173) 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.
Aqualine Altman Z-Score Related Terms
Aqualine Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Aqualine'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:6173 vs CTAS, CPRT, GPN: Altman Z-Score Comparison
For the Specialty Business Services subindustry, Aqualine'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.
Aqualine Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Aqualine's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Aqualine'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.
Aqualine'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
*
0.225
+
1.4
*
-3.8283
+
3.3
*
-1.1434
+
0.6
*
0.2921
+
1.0
*
3.0455
=
-5.64
* 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.
Aqualine (TSE:6173) has a Altman Z-Score of -5.64 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Aqualine and its competitors. According to the industry distribution chart, Aqualine ranks #1035 out of 1059 companies in the Business Services industry, placing it in the top 97.7%.
Is Aqualine's Altman Z-Score too high?
Aqualine's current Altman Z-Score is -5.64. Based on the distribution chart, Aqualine ranks #1035 out of 1059 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Aqualine has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Aqualine's Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Aqualine ranks #1035 out of 1059 companies for Altman Z-Score. This places Aqualine in the lower half of its industry. The industry median Altman Z-Score is 2.95. 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.95, based on 1,059 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. 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 Aqualine and its competitors. For the Business Services industry, the median Altman Z-Score is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqualine's current Altman Z-Score is -5.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqualine stock overvalued right now?
Based on GuruFocus' analysis, Aqualine (TSE:6173) is currently considered Possible Value Trap. The stock's GF Value™ is 円44.82, compared to a current price of 円13.00 — trading 71% below its estimated fair value. The current Altman Z-Score is -5.64. Aqualine's overall GF Score™ is 21/100 with 10 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 Aqualine (TSE:6173), the current Altman Z-Score is -5.64 as of Jul. 06, 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 Aqualine (TSE:6173) Overvalued in 2026?
Based on GuruFocus' analysis, Aqualine stock appears to be undervalued.
The current stock price of 円13.00 is trading 71% below its estimated GF Value™ of 円44.82.
GuruFocus considers Aqualine to be Possible Value Trap.
Key valuation signals for TSE:6173:
Altman Z-Score: -5.64
GF Value™: 円44.82 vs. price of 円13.00 (71% below fair value)
No single metric tells the full story. See the TSE:6173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aqualine Ltd is engaged in the repair of water supply products. The company operates in three reportable segments. The Water-related Service Support Business provides support to franchisees, including call center operations for emergency water-related trouble repairs and response, sales and installation of water-related products, and other repair work. The Advertising Media Business sells internet advertising in the field of emergency care. The Mineral Water Business involves the sale of mineral water and the handling of water dispensers. It generates the majority of its revenue from the Water-related Service Support Business segment.
21GF Score
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