Tsunagu Group Holdings (TSE:6551) Altman Z-Score: 6.72 (As of Jul. 14, 2026) — 88% Above Median

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TSE:6551 Tsunagu Group Holdings Inc TSE:6551
58 GF Score
Price 円560.00
GF Value 円840.68
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Tsunagu Group Holdings Altman Z-Score?

Tsunagu Group Holdings TSE:6551 -0.18% 58 Altman Z-Score is 6.72 as of Jul. 14, 2026, which is 88% above its 10-year median of 3.58. GuruFocus rates TSE:6551 with a GF Score™ of 58/100 and a GF Value™ of 円840.68 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,062 Business Services companies, Tsunagu Group Holdings ranks better than 83.24% 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 6.72 is strong.

Tsunagu Group Holdings has a Altman Z-Score of 6.72, 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 Tsunagu Group Holdings's Altman Z-Score or its related term are showing as below:

TSE:6551' s Altman Z-Score Range Over the Past 10 Years
Min: 1.83   Med: 3.58   Max: 7.58
Current: 6.72

During the past 11 years, Tsunagu Group Holdings's highest Altman Z-Score was 7.58. The lowest was 1.83. And the median was 3.58.


Tsunagu Group Holdings  (TSE:6551) 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.


Tsunagu Group Holdings Altman Z-Score Related Terms


Tsunagu Group Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Tsunagu Group 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.

Tsunagu Group Holdings Altman Z-Score Chart

Tsunagu Group Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.58 3.54 5.17 4.90 5.45

Tsunagu Group Holdings Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 4.24 4.99 5.45 6.11 6.98

TSE:6551 vs KFY, RHI, TNET: Altman Z-Score Comparison

For the Staffing & Employment Services subindustry, Tsunagu Group 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.


Tsunagu Group Holdings Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Tsunagu Group Holdings's Altman Z-Score distribution charts can be found below:

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


TSE:6551
58GF Score
Tsunagu Group Holdings Inc TSE:6551
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsunagu Group 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.

Tsunagu Group 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*0.2733+1.4*0.2594+3.3*0.1892+0.6*2.209+1.0*4.0742
=6.72

* 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4,410 Mil.
Total Current Assets was 円3,296 Mil.
Total Current Liabilities was 円2,090 Mil.
Retained Earnings was 円1,144 Mil.
Pre-Tax Income was 251.665 + 233.434 + 127.816 + 218.334 = 円831 Mil.
Interest Expense was -0.288 + -0.851 + -0.747 + -1.177 = 円-3 Mil.
Revenue was 4451.951 + 4354.333 + 4574.492 + 4586.51 = 円17,967 Mil.
Market Cap (Today) was 円4,668 Mil.
Total Liabilities was 円2,113 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
=(3295.785 - 2090.368)/4410.03
=0.2733

X2=Retained Earnings/Total Assets
=1143.875/4410.03
=0.2594

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(831.249 - -3.063)/4410.03
=0.1892

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4668.180/2113.24
=2.209

X5=Revenue/Total Assets
=17967.286/4410.03
=4.0742

The zones of discrimination were as such:

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

Tsunagu Group Holdings has a Altman Z-Score of 6.72 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 6.72 mean?
Tsunagu Group Holdings (TSE:6551) has a Altman Z-Score of 6.72 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tsunagu Group Holdings and its competitors. This is 88% above median its historical median of 3.58. Over the past decade, Tsunagu Group Holdings' Altman Z-Score has ranged from 1.83 to 7.58. According to the industry distribution chart, Tsunagu Group Holdings ranks #178 out of 1062 companies in the Business Services industry, placing it in the top 16.8%.
Is Tsunagu Group Holdings' Altman Z-Score too high?
Tsunagu Group Holdings' current Altman Z-Score of 6.72 is 88% above median its 10-year median of 3.58. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 7.58. The Business Services industry median Altman Z-Score is 2.96. Tsunagu Group Holdings' value of 6.72 is 127.4% above this industry median. Based on the distribution chart, Tsunagu Group Holdings ranks #178 out of 1062 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Tsunagu Group Holdings has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsunagu Group Holdings' Altman Z-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Tsunagu Group Holdings ranks #178 out of 1062 companies for Altman Z-Score. This places Tsunagu Group Holdings in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.96. Tsunagu Group Holdings' value of 6.72 is 127.4% above this benchmark. Historically, Tsunagu Group Holdings' own Altman Z-Score has ranged from 1.83 to 7.58 over the past decade. While the company's 10-year median is 3.58 vs. the industry median of 2.96, Tsunagu Group 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 a Business Services company?
The median Altman Z-Score among Business Services companies is 2.96, based on 1,062 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. Tsunagu Group Holdings's current Altman Z-Score of 6.72 is 127.4% 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 Tsunagu Group Holdings and its competitors. For the Business Services industry, the median Altman Z-Score is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsunagu Group Holdings's current Altman Z-Score is 6.72, which is 88% above median its own 10-year median of 3.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsunagu Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tsunagu Group Holdings (TSE:6551) is currently considered Significantly Undervalued. The stock's GF Value™ is 円840.68, compared to a current price of 円560.00 — trading 33.4% below its estimated fair value. The current Altman Z-Score is 6.72, which is 88% above median its 10-year median of 3.58 and 127.4% above the Business Services industry median of 2.96. Tsunagu Group Holdings' overall GF Score™ is 58/100 with 1 warning sign 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 Tsunagu Group Holdings (TSE:6551), the current Altman Z-Score is 6.72 as of Jul. 14, 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 Tsunagu Group Holdings (TSE:6551) Overvalued in 2026?

Based on GuruFocus' analysis, Tsunagu Group Holdings stock appears to be undervalued. The current stock price of 円560.00 is trading 33.4% below its estimated GF Value™ of 円840.68. GuruFocus considers Tsunagu Group Holdings to be Significantly Undervalued.

Key valuation signals for TSE:6551:

  • Altman Z-Score: 6.72 (88% above median its 10-year median of 3.58)
  • GF Value™: 円840.68 vs. price of 円560.00 (33.4% below fair value)
  • GF Score™: 58/100 with 1 warning sign
  • Industry Position: 127.4% above the Business Services median (#178 of 1062)

No single metric tells the full story. See the TSE:6551 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsunagu Group Holdings Business Description

Address 1-16 Kanda Misakicho 3-chome, Chiyoda-ku, Tokyo, JPN, 100-0006
Tsunagu Group Holdings Inc is a hiring consulting company. It is engaged in operating a career consulting business centering on part-time jobs. It is also engaged in Human resources development and training, and Sales promotion support business.
58GF Score

Get the complete analysis for TSE:6551

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

円560.00
Price
円840.68
GF Value