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Shinanen Holdings CoTSE:8132 +1.30%63 Altman Z-Score is 4.56 as of Jul. 21, 2026, which is 21% above its 10-year median of 3.78. GuruFocus rates TSE:8132 with a GF Score™ of 63/100 and a GF Value™ of 円5,233.78 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 898 Oil & Gas companies, Shinanen Holdings Co ranks better than 82.41% 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 4.55 is strong.
Shinanen Holdings Co has a Altman Z-Score of 4.56, 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 Shinanen Holdings Co's Altman Z-Score or its related term are showing as below:
TSE:8132'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.06 Med: 3.78 Max: 4.67
Current: 4.55
During the past 13 years, Shinanen Holdings Co's highest Altman Z-Score was 4.67. The lowest was 3.06. And the median was 3.78.
Shinanen Holdings Co (TSE:8132) 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.
Altman Z-Score does not apply to financial companies.
Shinanen Holdings Co Altman Z-Score Related Terms
Shinanen Holdings Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Shinanen Holdings 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.
TSE:8132 vs VLO, MPC, PSX: Altman Z-Score Comparison
For the Oil & Gas Refining & Marketing subindustry, Shinanen Holdings 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.
Shinanen Holdings Co Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Shinanen Holdings Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shinanen Holdings Co's Altman Z-Score falls into.
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.
Shinanen Holdings 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
*
0.204
+
1.4
*
0.3055
+
3.3
*
0.0532
+
0.6
*
1.5867
+
1.0
*
2.7641
=
4.56
* 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.
Shinanen Holdings Co (TSE:8132) has a Altman Z-Score of 4.56 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shinanen Holdings Co and its competitors. This is 21% above median its historical median of 3.78. Over the past decade, Shinanen Holdings Co's Altman Z-Score has ranged from 3.06 to 4.67. According to the industry distribution chart, Shinanen Holdings Co ranks #158 out of 898 companies in the Oil & Gas industry, placing it in the top 17.6%.
Is Shinanen Holdings Co's Altman Z-Score too high?
Shinanen Holdings Co's current Altman Z-Score of 4.56 is 21% above median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 3.06 to a high of 4.67. The Oil & Gas industry median Altman Z-Score is 1.93. Shinanen Holdings Co's value of 4.56 is 136.3% above this industry median. Based on the distribution chart, Shinanen Holdings Co ranks #158 out of 898 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Shinanen Holdings Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinanen Holdings Co's Altman Z-Score compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Shinanen Holdings Co ranks #158 out of 898 companies for Altman Z-Score. This places Shinanen Holdings Co in the top 18% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.93. Shinanen Holdings Co's value of 4.56 is 136.3% above this benchmark. Historically, Shinanen Holdings Co's own Altman Z-Score has ranged from 3.06 to 4.67 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 1.93, Shinanen Holdings 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 Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.93, based on 898 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. Shinanen Holdings Co's current Altman Z-Score of 4.56 is 136.3% 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 Shinanen Holdings Co and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinanen Holdings Co's current Altman Z-Score is 4.56, which is 21% above median its own 10-year median of 3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinanen Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Shinanen Holdings Co (TSE:8132) is currently considered Significantly Overvalued. The stock's GF Value™ is 円5,233.78, compared to a current price of 円7,020.00 — trading 34.1% above its estimated fair value. The current Altman Z-Score is 4.56, which is 21% above median its 10-year median of 3.78 and 136.3% above the Oil & Gas industry median of 1.93. Shinanen Holdings Co's overall GF Score™ is 63/100 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 Shinanen Holdings Co (TSE:8132), the current Altman Z-Score is 4.56 as of Jul. 21, 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 Shinanen Holdings Co (TSE:8132) Overvalued in 2026?
Based on GuruFocus' analysis, Shinanen Holdings Co stock appears to be overvalued.
The current stock price of 円7,020.00 is trading 34.1% above its estimated GF Value™ of 円5,233.78.
GuruFocus considers Shinanen Holdings Co to be Significantly Overvalued.
Key valuation signals for TSE:8132:
Altman Z-Score: 4.56 (21% above median its 10-year median of 3.78)
GF Value™: 円5,233.78 vs. price of 円7,020.00 (34.1% above fair value)
Industry Position: 136.3% above the Oil & Gas median (#158 of 898)
No single metric tells the full story. See the TSE:8132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sinanen Holdings Co Ltd is a Japan-based company. It is engaged in four business segments namely: Petroleum business which involves selling liquefied petroleum gas and operation of gas stations; Electricity business; Solution business which provides support for reducing energy costs and reducing CO2 emissions, and FABHEAT business that involves support safety and security in local areas and generate stable solar power in cold, snowy regions.
63GF Score
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