Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Japan Electronic MaterialsTSE:6855 -1.67%78 Altman Z-Score is 6.84 as of Jul. 14, 2026, which is 92% above its 10-year median of 3.56. GuruFocus rates TSE:6855 with a GF Score™ of 78/100 and a GF Value™ of 円3,404.82 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,016 Semiconductors companies, Japan Electronic Materials ranks better than 59.06% 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 7 is strong.
Japan Electronic Materials has a Altman Z-Score of 6.84, 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 Japan Electronic Materials's Altman Z-Score or its related term are showing as below:
TSE:6855'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.66 Med: 3.56 Max: 7
Current: 7
During the past 13 years, Japan Electronic Materials's highest Altman Z-Score was 7.00. The lowest was 2.66. And the median was 3.56.
Japan Electronic Materials (TSE:6855) 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.
* 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:6855 vs AMAT, LRCX, KLAC: Altman Z-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Japan Electronic Materials'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.
Japan Electronic Materials Altman Z-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Japan Electronic Materials's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Japan Electronic Materials's Altman Z-Score falls into.
Japan Electronic Materials 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.
* 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.
Japan Electronic Materials (TSE:6855) has a Altman Z-Score of 6.84 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Japan Electronic Materials and its competitors. This is 92% above median its historical median of 3.56. Over the past decade, Japan Electronic Materials' Altman Z-Score has ranged from 2.66 to 7.00. According to the industry distribution chart, Japan Electronic Materials ranks #416 out of 1016 companies in the Semiconductors industry, placing it in the top 40.9%.
Is Japan Electronic Materials' Altman Z-Score too high?
Japan Electronic Materials' current Altman Z-Score of 6.84 is 92% above median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 2.66 to a high of 7.00. The Semiconductors industry median Altman Z-Score is 5.39. Japan Electronic Materials' value of 6.84 is 27% above this industry median. Based on the distribution chart, Japan Electronic Materials ranks #416 out of 1016 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Japan Electronic Materials has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Electronic Materials' Altman Z-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Japan Electronic Materials ranks #416 out of 1016 companies for Altman Z-Score. This puts Japan Electronic Materials in the upper half of its industry. The industry median Altman Z-Score is 5.39. Japan Electronic Materials' value of 6.84 is 27% above this benchmark. Historically, Japan Electronic Materials' own Altman Z-Score has ranged from 2.66 to 7.00 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 5.39, Japan Electronic Materials 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.39, based on 1,016 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. Japan Electronic Materials's current Altman Z-Score of 6.84 is 27% 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 Japan Electronic Materials and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Electronic Materials's current Altman Z-Score is 6.84, which is 92% above median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Electronic Materials stock overvalued right now?
Based on GuruFocus' analysis, Japan Electronic Materials (TSE:6855) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,404.82, compared to a current price of 円7,080.00 — trading 107.9% above its estimated fair value. The current Altman Z-Score is 6.84, which is 92% above median its 10-year median of 3.56 and 27% above the Semiconductors industry median of 5.39. Japan Electronic Materials' overall GF Score™ is 78/100 with 2 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 Japan Electronic Materials (TSE:6855), the current Altman Z-Score is 6.84 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 Japan Electronic Materials (TSE:6855) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Electronic Materials stock appears to be overvalued.
The current stock price of 円7,080.00 is trading 107.9% above its estimated GF Value™ of 円3,404.82.
GuruFocus considers Japan Electronic Materials to be Significantly Overvalued.
Key valuation signals for TSE:6855:
Altman Z-Score: 6.84 (92% above median its 10-year median of 3.56)
GF Value™: 円3,404.82 vs. price of 円7,080.00 (107.9% above fair value)
Industry Position: 27% above the Semiconductors median (#416 of 1016)
No single metric tells the full story. See the TSE:6855 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Electronic Materials Corp is engaged in the development, manufacture, and sale of semiconductor testing components and electron tube components in Japan. Its product portfolio comprises heaters and cathodes for receiving tubes and CRTs, filaments for fluorescent display tubes, directly heated cathodes, and probe cards, among others. The group's business segments are Semiconductor inspection parts related business, which derives maximum revenue, and Electron tube parts related business.
78GF Score
Get the complete analysis for TSE:6855
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:6855 has been successfully added to your 
