OSG Co (TSE:6757) Altman Z-Score: 2.32 (As of Jul. 12, 2026) — 19% Below Median


TSE:6757 OSG Corp Co Ltd TSE:6757
61 GF Score
Price 円880.00
GF Value 円877.61
Valuation Fairly Valued
! 6 Warning Signs
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What is OSG Co Altman Z-Score?

OSG Co TSE:6757 +1.15% 61 Altman Z-Score is 2.32 as of Jul. 12, 2026, which is 19% below its 10-year median of 2.87. GuruFocus rates TSE:6757 with a GF Score™ of 61/100 and a GF Value™ of 円877.61 (Fairly Valued). The stock has 6 warning signs investors should review. Among 3,008 Industrial Products companies, OSG Co ranks worse than 73.9% 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 2.06 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

OSG Co has a Altman Z-Score of 2.32, indicating it is in Grey Zones. This implies that OSG Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 OSG Co's Altman Z-Score or its related term are showing as below:

TSE:6757' s Altman Z-Score Range Over the Past 10 Years
Min: 2.06   Med: 2.87   Max: 4.76
Current: 2.06

During the past 13 years, OSG Co's highest Altman Z-Score was 4.76. The lowest was 2.06. And the median was 2.87.


OSG Co  (TSE:6757) 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.


OSG Co Altman Z-Score Related Terms


OSG Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for OSG 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.

OSG Co Altman Z-Score Chart

OSG Co Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.85 2.90 2.79 2.38 2.01

OSG Co Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Jan26 Apr26
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 2.38 2.33 2.29 2.01 0.00

TSE:6757 vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, OSG 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.


OSG Co Altman Z-Score vs Industrial Products Industry

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

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


TSE:6757
61GF Score
OSG Corp Co Ltd TSE:6757
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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OSG 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.

OSG 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*0.1948+1.4*0.224+3.3*0.0384+0.6*1.1887+1.0*0.9345
=2.32

* 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 Jan. 2026:
Total Assets was 円6,585 Mil.
Total Current Assets was 円4,028 Mil.
Total Current Liabilities was 円2,745 Mil.
Retained Earnings was 円1,475 Mil.
Pre-Tax Income was 46.564 + 0 + 129.924 + 61.662 = 円238 Mil.
Interest Expense was -6.439 + 0 + -4.725 + -3.786 = 円-15 Mil.
Revenue was 1983.644 + 0 + 2160.714 + 2009.549 = 円6,154 Mil.
Market Cap (Today) was 円4,594 Mil.
Total Liabilities was 円3,865 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
=(4028.367 - 2745.455)/6585.25
=0.1948

X2=Retained Earnings/Total Assets
=1474.96/6585.25
=0.224

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(238.15 - -14.95)/6585.25
=0.0384

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4593.875/3864.515
=1.1887

X5=Revenue/Total Assets
=6153.907/6585.25
=0.9345

The zones of discrimination were as such:

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

OSG Co has a Altman Z-Score of 2.32 indicating it is in Grey 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 2.32 mean?
OSG Co (TSE:6757) has a Altman Z-Score of 2.32 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on OSG Co and its competitors. This is 19% below median its historical median of 2.87. Over the past decade, OSG Co's Altman Z-Score has ranged from 2.06 to 4.76. According to the industry distribution chart, OSG Co ranks #2223 out of 3008 companies in the Industrial Products industry, placing it in the top 73.9%.
Is OSG Co's Altman Z-Score too high?
OSG Co's current Altman Z-Score of 2.32 is 19% below median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 4.76. The Industrial Products industry median Altman Z-Score is 3.32. OSG Co's value of 2.32 is 30% below this industry median. Based on the distribution chart, OSG Co ranks #2223 out of 3008 companies in the Industrial Products industry, which is below the industry midpoint. Overall, OSG Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does OSG Co's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, OSG Co ranks #2223 out of 3008 companies for Altman Z-Score. This places OSG Co in the lower half of its industry. The industry median Altman Z-Score is 3.32. OSG Co's value of 2.32 is 30% below this benchmark. Historically, OSG Co's own Altman Z-Score has ranged from 2.06 to 4.76 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 3.32, OSG Co has consistently been below 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 3,008 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. OSG Co's current Altman Z-Score of 2.32 is 30% below 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 OSG 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. OSG Co's current Altman Z-Score is 2.32, which is 19% below median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OSG Co stock overvalued right now?
Based on GuruFocus' analysis, OSG Co (TSE:6757) is currently considered Fairly Valued. The stock's GF Value™ is 円877.61, compared to a current price of 円880.00 — trading 0.3% above its estimated fair value. The current Altman Z-Score is 2.32, which is 19% below median its 10-year median of 2.87 and 30% below the Industrial Products industry median of 3.32. OSG Co's overall GF Score™ is 61/100 with 6 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 OSG Co (TSE:6757), the current Altman Z-Score is 2.32 as of Jul. 12, 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 OSG Co (TSE:6757) Overvalued in 2026?

Based on GuruFocus' analysis, OSG Co stock appears to be overvalued. The current stock price of 円880.00 is trading 0.3% above its estimated GF Value™ of 円877.61. GuruFocus considers OSG Co to be Fairly Valued.

Key valuation signals for TSE:6757:

  • Altman Z-Score: 2.32 (19% below median its 10-year median of 2.87)
  • GF Value™: 円877.61 vs. price of 円880.00 (0.3% above fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 30% below the Industrial Products median (#2223 of 3008)

No single metric tells the full story. See the TSE:6757 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OSG Co Business Description

Address 1-26-3 Tenma, OSG Head Office Building, Kita-ku, Osaka, JPN, 530-0043
OSG Corp Co Ltd is engaged in the development, manufacturing, and sale of living care-oriented products that focuses on health and environment. The products of the company include electrolytic hydrogen water generator, alkaline ion water conditioner, and water purifier.
61GF Score

Get the complete analysis for TSE:6757

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

円880.00
Price
円877.61
GF Value