Gamecard Holdings (TSE:6249) Altman Z-Score: 6.03 (As of Jul. 03, 2026) — 70% Above Median


TSE:6249 Gamecard Holdings Inc TSE:6249
76 GF Score
Price 円2,462.00
GF Value 円1,748.59
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Gamecard Holdings Altman Z-Score?

Gamecard Holdings TSE:6249 +0.08% 76 Altman Z-Score is 6.03 as of Jul. 03, 2026, which is 70% above its 10-year median of 3.54. GuruFocus rates TSE:6249 with a GF Score™ of 76/100 and a GF Value™ of 円1,748.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 3,007 Industrial Products companies, Gamecard Holdings ranks better than 75.26% 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 6.03 is strong.

Gamecard Holdings has a Altman Z-Score of 6.03, 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 Gamecard Holdings's Altman Z-Score or its related term are showing as below:

TSE:6249' s Altman Z-Score Range Over the Past 10 Years
Min: 2.8   Med: 3.54   Max: 6.74
Current: 6.03

During the past 13 years, Gamecard Holdings's highest Altman Z-Score was 6.74. The lowest was 2.80. And the median was 3.54.


Gamecard Holdings  (TSE:6249) 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.


Gamecard Holdings Altman Z-Score Related Terms


Gamecard Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Gamecard Holdings'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.

Gamecard Holdings Altman Z-Score Chart

Gamecard Holdings 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 3.48 6.74 4.92 5.32 6.29

Gamecard Holdings 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 4.92 4.30 5.32 0.00 6.29

Gamecard Holdings Altman Z-Score Competitor Comparison

For the Business Equipment & Supplies subindustry, Gamecard Holdings'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.


Gamecard Holdings Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gamecard Holdings's Altman Z-Score distribution charts can be found below:

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


TSE:6249
76GF Score
Gamecard Holdings Inc TSE:6249
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Gamecard Holdings 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.

Gamecard Holdings'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*0.7123+1.4*0.7586+3.3*0.0719+0.6*5.8158+1.0*0.3828
=6.03

* 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66,314 Mil.
Total Current Assets was 円50,489 Mil.
Total Current Liabilities was 円3,254 Mil.
Retained Earnings was 円50,309 Mil.
Pre-Tax Income was 円4,765 Mil.
Interest Expense was 円-6 Mil.
Revenue was 円25,385 Mil.
Market Cap (Today) was 円34,534 Mil.
Total Liabilities was 円5,938 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
=(50489 - 3254)/66314
=0.7123

X2=Retained Earnings/Total Assets
=50309/66314
=0.7586

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(4765 - -6)/66314
=0.0719

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=34533.925/5938
=5.8158

X5=Revenue/Total Assets
=25385/66314
=0.3828

The zones of discrimination were as such:

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

Gamecard Holdings has a Altman Z-Score of 6.03 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 6.03 mean?
Gamecard Holdings (TSE:6249) has a Altman Z-Score of 6.03 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Gamecard Holdings and its competitors. This is 70% above median its historical median of 3.54. Over the past decade, Gamecard Holdings' Altman Z-Score has ranged from 2.80 to 6.74. According to the industry distribution chart, Gamecard Holdings ranks #744 out of 3007 companies in the Industrial Products industry, placing it in the top 24.7%.
Is Gamecard Holdings' Altman Z-Score too high?
Gamecard Holdings' current Altman Z-Score of 6.03 is 70% above median its 10-year median of 3.54. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 6.74. The Industrial Products industry median Altman Z-Score is 3.35. Gamecard Holdings' value of 6.03 is 80% above this industry median. Based on the distribution chart, Gamecard Holdings ranks #744 out of 3007 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Gamecard Holdings has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gamecard Holdings' Altman Z-Score compare to competitors?
According to the Industrial Products industry distribution chart, Gamecard Holdings ranks #744 out of 3007 companies for Altman Z-Score. This places Gamecard Holdings in the top 25% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.35. Gamecard Holdings' value of 6.03 is 80% above this benchmark. Historically, Gamecard Holdings' own Altman Z-Score has ranged from 2.80 to 6.74 over the past decade. While the company's 10-year median is 3.54 vs. the industry median of 3.35, Gamecard Holdings 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.35, based on 3,007 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. Gamecard Holdings's current Altman Z-Score of 6.03 is 80% 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 Gamecard Holdings and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gamecard Holdings's current Altman Z-Score is 6.03, which is 70% above median its own 10-year median of 3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gamecard Holdings stock overvalued right now?
Based on GuruFocus' analysis, Gamecard Holdings (TSE:6249) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,748.59, compared to a current price of 円2,462.00 — trading 40.8% above its estimated fair value. The current Altman Z-Score is 6.03, which is 70% above median its 10-year median of 3.54 and 80% above the Industrial Products industry median of 3.35. Gamecard Holdings' overall GF Score™ is 76/100 with 3 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 Gamecard Holdings (TSE:6249), the current Altman Z-Score is 6.03 as of Jul. 03, 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 Gamecard Holdings (TSE:6249) Overvalued in 2026?

Based on GuruFocus' analysis, Gamecard Holdings stock appears to be overvalued. The current stock price of 円2,462.00 is trading 40.8% above its estimated GF Value™ of 円1,748.59. GuruFocus considers Gamecard Holdings to be Significantly Overvalued.

Key valuation signals for TSE:6249:

  • Altman Z-Score: 6.03 (70% above median its 10-year median of 3.54)
  • GF Value™: 円1,748.59 vs. price of 円2,462.00 (40.8% above fair value)
  • GF Score™: 76/100 with 3 warning signs
  • Industry Position: 80% above the Industrial Products median (#744 of 3007)

No single metric tells the full story. See the TSE:6249 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gamecard Holdings Business Description

Address 6-18-1 Nishi-Shinjuku, 13th Floor Sumitomo Fudosan Shinjuku Central Park Tower, Shinjuku-ku, Tokyo, JPN, 160-0023
Gamecard Holdings Inc is engaged in the Management of subsidiaries that issue and sell prepaid cards, and plan, develop, sell, rent, and maintain prepaid system equipment, as well as other related businesses.
76GF Score

Get the complete analysis for TSE:6249

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

円2,462.00
Price
円1,748.59
GF Value