Sankyo KaseiTSE:8138 79 Altman Z-Score is 3.26 as of Jul. 05, 2026, which is 23% above its 10-year median of 2.66. GuruFocus rates TSE:8138 with a GF Score™ of 79/100 and a GF Value™ of 円3,416.36 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,561 Chemicals companies, Sankyo Kasei ranks better than 50.86% 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 3.26 is strong.
Sankyo Kasei has a Altman Z-Score of 3.26, 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 Sankyo Kasei's Altman Z-Score or its related term are showing as below:
TSE:8138'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.4 Med: 2.66 Max: 3.27
Current: 3.26
During the past 13 years, Sankyo Kasei's highest Altman Z-Score was 3.27. The lowest was 2.40. And the median was 2.66.
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.
Sankyo Kasei Altman Z-Score Related Terms
Sankyo Kasei Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Sankyo Kasei'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:8138 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Sankyo Kasei'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.
Sankyo Kasei Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sankyo Kasei's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Sankyo Kasei'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.
Sankyo Kasei'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
*
0.3536
+
1.4
*
0.3532
+
3.3
*
0.0695
+
0.6
*
0.5772
+
1.0
*
1.7626
=
3.26
* 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.
Sankyo Kasei (TSE:8138) has a Altman Z-Score of 3.26 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sankyo Kasei and its competitors. This is 23% above median its historical median of 2.66. Over the past decade, Sankyo Kasei's Altman Z-Score has ranged from 2.40 to 3.27. According to the industry distribution chart, Sankyo Kasei ranks #767 out of 1561 companies in the Chemicals industry, placing it in the top 49.1%.
Is Sankyo Kasei's Altman Z-Score too high?
Sankyo Kasei's current Altman Z-Score of 3.26 is 23% above median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 3.27. The Chemicals industry median Altman Z-Score is 3.18. Sankyo Kasei's value of 3.26 is 2.5% above this industry median. Based on the distribution chart, Sankyo Kasei ranks #767 out of 1561 companies in the Chemicals industry, which is above the industry midpoint. Overall, Sankyo Kasei has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sankyo Kasei's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sankyo Kasei ranks #767 out of 1561 companies for Altman Z-Score. This puts Sankyo Kasei in the upper half of its industry. The industry median Altman Z-Score is 3.18. Sankyo Kasei's value of 3.26 is 2.5% above this benchmark. Historically, Sankyo Kasei's own Altman Z-Score has ranged from 2.40 to 3.27 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 3.18, Sankyo Kasei 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.18, based on 1,561 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. Sankyo Kasei's current Altman Z-Score of 3.26 is 2.5% 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 Sankyo Kasei and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sankyo Kasei's current Altman Z-Score is 3.26, which is 23% above median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sankyo Kasei stock overvalued right now?
Based on GuruFocus' analysis, Sankyo Kasei (TSE:8138) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,416.36, compared to a current price of 円4,000.00 — trading 17.1% above its estimated fair value. The current Altman Z-Score is 3.26, which is 23% above median its 10-year median of 2.66 and 2.5% above the Chemicals industry median of 3.18. Sankyo Kasei's overall GF Score™ is 79/100 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 Sankyo Kasei (TSE:8138), the current Altman Z-Score is 3.26 as of Jul. 05, 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 Sankyo Kasei (TSE:8138) Overvalued in 2026?
Based on GuruFocus' analysis, Sankyo Kasei stock appears to be overvalued.
The current stock price of 円4,000.00 is trading 17.1% above its estimated GF Value™ of 円3,416.36.
GuruFocus considers Sankyo Kasei to be Modestly Overvalued.
Key valuation signals for TSE:8138:
Altman Z-Score: 3.26 (23% above median its 10-year median of 2.66)
GF Value™: 円3,416.36 vs. price of 円4,000.00 (17.1% above fair value)
Industry Position: 2.5% above the Chemicals median (#767 of 1561)
No single metric tells the full story. See the TSE:8138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sankyo Kasei Corp manufactures and markets industrial chemicals, synthetic resins, pigments, paints, poisons, dyes and dyeing auxiliaries. It also imports and exports building materials, electrical equipment and parts, machinery, tools and other general goods. The company has two segments: Science Business and Building Material Business. The company generates the majority of its revenue from the Science Business.
79GF Score
Get the complete analysis for TSE:8138
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:8138 has been successfully added to your 
