Terasaki Electric Co (TSE:6637) Altman Z-Score: 3.44 (As of Jul. 13, 2026) — 21% Above Median

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TSE:6637 Terasaki Electric Co Ltd TSE:6637
87 GF Score
Price 円3,900.00
GF Value 円2,841.02
Valuation Significantly Overvalued
View Full Analysis

What is Terasaki Electric Co Altman Z-Score?

Terasaki Electric Co TSE:6637 +4.84% 87 Altman Z-Score is 3.44 as of Jul. 13, 2026, which is 21% above its 10-year median of 2.84. GuruFocus rates TSE:6637 with a GF Score™ of 87/100 and a GF Value™ of 円2,841.02 (Significantly Overvalued). Among 3,007 Industrial Products companies, Terasaki Electric Co ranks better than 51.18% 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 3.39 is strong.

Terasaki Electric Co has a Altman Z-Score of 3.44, 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 Terasaki Electric Co's Altman Z-Score or its related term are showing as below:

TSE:6637' s Altman Z-Score Range Over the Past 10 Years
Min: 2.61   Med: 2.84   Max: 3.4
Current: 3.39

During the past 13 years, Terasaki Electric Co's highest Altman Z-Score was 3.40. The lowest was 2.61. And the median was 2.84.


Terasaki Electric Co  (TSE:6637) 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.


Terasaki Electric Co Altman Z-Score Related Terms


Terasaki Electric Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Terasaki Electric 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.

Terasaki Electric Co Altman Z-Score Chart

Terasaki Electric Co 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 2.82 2.74 3.31 3.15 3.40

Terasaki Electric 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 3.15 3.59 3.48 3.74 3.40

TSE:6637 vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, Terasaki Electric 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.


Terasaki Electric Co Altman Z-Score vs Industrial Products Industry

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

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


TSE:6637
87GF Score
Terasaki Electric Co Ltd TSE:6637
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Terasaki Electric 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.

Terasaki Electric 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*0.4499+1.4*0.5417+3.3*0.0815+0.6*1.8414+1.0*0.772
=3.44

* 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81,427 Mil.
Total Current Assets was 円55,077 Mil.
Total Current Liabilities was 円18,441 Mil.
Retained Earnings was 円44,106 Mil.
Pre-Tax Income was 1965.993 + 1729.213 + 1607.657 + 1221.03 = 円6,524 Mil.
Interest Expense was -31.011 + -30.951 + -24.832 + -23.819 = 円-111 Mil.
Revenue was 17983.975 + 15719.165 + 15562.195 + 13593.423 = 円62,859 Mil.
Market Cap (Today) was 円47,832 Mil.
Total Liabilities was 円25,976 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
=(55077.106 - 18440.934)/81427.296
=0.4499

X2=Retained Earnings/Total Assets
=44105.706/81427.296
=0.5417

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6523.893 - -110.613)/81427.296
=0.0815

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=47832.233/25975.992
=1.8414

X5=Revenue/Total Assets
=62858.758/81427.296
=0.772

The zones of discrimination were as such:

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

Terasaki Electric Co has a Altman Z-Score of 3.44 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 3.44 mean?
Terasaki Electric Co (TSE:6637) has a Altman Z-Score of 3.44 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Terasaki Electric Co and its competitors. This is 21% above median its historical median of 2.84. Over the past decade, Terasaki Electric Co's Altman Z-Score has ranged from 2.61 to 3.40. According to the industry distribution chart, Terasaki Electric Co ranks #1468 out of 3007 companies in the Industrial Products industry, placing it in the top 48.8%.
Is Terasaki Electric Co's Altman Z-Score too high?
Terasaki Electric Co's current Altman Z-Score of 3.44 is 21% above median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 3.40. The Industrial Products industry median Altman Z-Score is 3.32. Terasaki Electric Co's value of 3.44 is 3.6% above this industry median. Based on the distribution chart, Terasaki Electric Co ranks #1468 out of 3007 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Terasaki Electric Co has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Terasaki Electric Co's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Terasaki Electric Co ranks #1468 out of 3007 companies for Altman Z-Score. This puts Terasaki Electric Co in the upper half of its industry. The industry median Altman Z-Score is 3.32. Terasaki Electric Co's value of 3.44 is 3.6% above this benchmark. Historically, Terasaki Electric Co's own Altman Z-Score has ranged from 2.61 to 3.40 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 3.32, Terasaki Electric 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.32, 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. Terasaki Electric Co's current Altman Z-Score of 3.44 is 3.6% 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 Terasaki Electric Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Terasaki Electric Co's current Altman Z-Score is 3.44, which is 21% above median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Terasaki Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Terasaki Electric Co (TSE:6637) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,841.02, compared to a current price of 円3,900.00 — trading 37.3% above its estimated fair value. The current Altman Z-Score is 3.44, which is 21% above median its 10-year median of 2.84 and 3.6% above the Industrial Products industry median of 3.32. Terasaki Electric Co's overall GF Score™ is 87/100. 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 Terasaki Electric Co (TSE:6637), the current Altman Z-Score is 3.44 as of Jul. 13, 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 Terasaki Electric Co (TSE:6637) Overvalued in 2026?

Based on GuruFocus' analysis, Terasaki Electric Co stock appears to be overvalued. The current stock price of 円3,900.00 is trading 37.3% above its estimated GF Value™ of 円2,841.02. GuruFocus considers Terasaki Electric Co to be Significantly Overvalued.

Key valuation signals for TSE:6637:

  • Altman Z-Score: 3.44 (21% above median its 10-year median of 2.84)
  • GF Value™: 円2,841.02 vs. price of 円3,900.00 (37.3% above fair value)
  • GF Score™: 87/100
  • Industry Position: 3.6% above the Industrial Products median (#1468 of 3007)

No single metric tells the full story. See the TSE:6637 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Terasaki Electric Co Business Description

Address 6-13-47 Kamihigashi, Hirano ku, Osaka, JPN, 547-0002
Terasaki Electric Co Ltd. is engaged in the manufacturing and sale of electric distribution and motor control systems, circuit breakers and electronic devices based on electrical energy control technologies. Its business lines include marine systems, industrial systems, circuit breakers and medical devices. Products offered by the company include medium voltage switch gears, engine room simulator, engine monitoring system, industrial power distribution control system, cogeneration system, moulded case circuit breakers, air circuit breakers, among others. Terasaki also offers engineering and lifecycle services for electrical equipment.
87GF Score

Get the complete analysis for TSE:6637

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

円3,900.00
Price
円2,841.02
GF Value