Obara Group (TSE:6877) Altman Z-Score: 4.52 (As of Jul. 04, 2026) — Near Median


TSE:6877 Obara Group Inc TSE:6877
82 GF Score
Price 円6,160.00
GF Value 円5,103.00
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Obara Group Altman Z-Score?

Obara Group TSE:6877 +2.67% 82 Altman Z-Score is 4.52 as of Jul. 04, 2026, which is 2% above its 10-year median of 4.42. GuruFocus rates TSE:6877 with a GF Score™ of 82/100 and a GF Value™ of 円5,103.00 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 3,007 Industrial Products companies, Obara Group ranks better than 63.52% 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 4.5 is strong.

Obara Group has a Altman Z-Score of 4.52, 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 Obara Group's Altman Z-Score or its related term are showing as below:

TSE:6877' s Altman Z-Score Range Over the Past 10 Years
Min: 3.11   Med: 4.42   Max: 6.28
Current: 4.5

During the past 13 years, Obara Group's highest Altman Z-Score was 6.28. The lowest was 3.11. And the median was 4.42.


Obara Group  (TSE:6877) 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.


Obara Group Altman Z-Score Related Terms


Obara Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Obara Group'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.

Obara Group Altman Z-Score Chart

Obara Group 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 4.33 3.73 4.76 3.95 3.57

Obara Group Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 3.11 3.34 3.57 3.65 4.24

TSE:6877 vs SNA, RBC, LECO: Altman Z-Score Comparison

For the Tools & Accessories subindustry, Obara Group'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.


Obara Group Altman Z-Score vs Industrial Products Industry

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

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


TSE:6877
82GF Score
Obara Group Inc TSE:6877
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Obara Group 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.

Obara Group'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*0.4889+1.4*0.8093+3.3*0.1139+0.6*2.9407+1.0*0.6645
=4.52

* 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104,662 Mil.
Total Current Assets was 円68,683 Mil.
Total Current Liabilities was 円17,515 Mil.
Retained Earnings was 円84,699 Mil.
Pre-Tax Income was 2976 + 3202 + 2678 + 3053 = 円11,909 Mil.
Interest Expense was -4 + -4 + -5 + -4 = 円-17 Mil.
Revenue was 17638 + 18429 + 16516 + 16963 = 円69,546 Mil.
Market Cap (Today) was 円88,790 Mil.
Total Liabilities was 円30,194 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
=(68683 - 17515)/104662
=0.4889

X2=Retained Earnings/Total Assets
=84699/104662
=0.8093

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(11909 - -17)/104662
=0.1139

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=88790.160/30194
=2.9407

X5=Revenue/Total Assets
=69546/104662
=0.6645

The zones of discrimination were as such:

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

Obara Group has a Altman Z-Score of 4.52 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 4.52 mean?
Obara Group (TSE:6877) has a Altman Z-Score of 4.52 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Obara Group and its competitors. This is near median its historical median of 4.42. Over the past decade, Obara Group's Altman Z-Score has ranged from 3.11 to 6.28. According to the industry distribution chart, Obara Group ranks #1097 out of 3007 companies in the Industrial Products industry, placing it in the top 36.5%.
Is Obara Group's Altman Z-Score too high?
Obara Group's current Altman Z-Score of 4.52 is near median its 10-year median of 4.42. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 6.28. The Industrial Products industry median Altman Z-Score is 3.35. Obara Group's value of 4.52 is 34.9% above this industry median. Based on the distribution chart, Obara Group ranks #1097 out of 3007 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Obara Group has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Obara Group's Altman Z-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Obara Group ranks #1097 out of 3007 companies for Altman Z-Score. This puts Obara Group in the upper half of its industry. The industry median Altman Z-Score is 3.35. Obara Group's value of 4.52 is 34.9% above this benchmark. Historically, Obara Group's own Altman Z-Score has ranged from 3.11 to 6.28 over the past decade. While the company's 10-year median is 4.42 vs. the industry median of 3.35, Obara Group 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. Obara Group's current Altman Z-Score of 4.52 is 34.9% 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 Obara Group 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. Obara Group's current Altman Z-Score is 4.52, which is near median its own 10-year median of 4.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Obara Group stock overvalued right now?
Based on GuruFocus' analysis, Obara Group (TSE:6877) is currently considered Modestly Overvalued. The stock's GF Value™ is 円5,103.00, compared to a current price of 円6,160.00 — trading 20.7% above its estimated fair value. The current Altman Z-Score is 4.52, which is near median its 10-year median of 4.42 and 34.9% above the Industrial Products industry median of 3.35. Obara Group's overall GF Score™ is 82/100 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 Obara Group (TSE:6877), the current Altman Z-Score is 4.52 as of Jul. 04, 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 Obara Group (TSE:6877) Overvalued in 2026?

Based on GuruFocus' analysis, Obara Group stock appears to be overvalued. The current stock price of 円6,160.00 is trading 20.7% above its estimated GF Value™ of 円5,103.00. GuruFocus considers Obara Group to be Modestly Overvalued.

Key valuation signals for TSE:6877:

  • Altman Z-Score: 4.52 (near median its 10-year median of 4.42)
  • GF Value™: 円5,103.00 vs. price of 円6,160.00 (20.7% above fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 34.9% above the Industrial Products median (#1097 of 3007)

No single metric tells the full story. See the TSE:6877 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Obara Group Business Description

Address 4-2-37 Oogami, Ayase-shi, Kanagawa, JPN, 252-1104
Obara Group Inc is a Japanese supplier of welding and polishing solutions. The company offers resistance welding systems for the automotive industry and arc welding tools for the shipbuilding and construction industries. The polishing business sells polishing machines under the SpeedFam brand primarily to electronic and precision industries, including the treatment of silicon wafers, mobile phones and personal computer electronics, flat panels, memory disks, and opto-electronic parts.
82GF Score

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

円6,160.00
Price
円5,103.00
GF Value