Tsuzuki Denki Co (TSE:8157) Altman Z-Score: 3.85 (As of Jul. 05, 2026) — 34% Above Median


TSE:8157 Tsuzuki Denki Co Ltd TSE:8157
61 GF Score
Price 円3,955.00
GF Value 円2,166.32
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tsuzuki Denki Co Altman Z-Score?

Tsuzuki Denki Co TSE:8157 +1.02% 61 Altman Z-Score is 3.85 as of Jul. 05, 2026, which is 34% above its 10-year median of 2.88. GuruFocus rates TSE:8157 with a GF Score™ of 61/100 and a GF Value™ of 円2,166.32 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 545 Conglomerates companies, Tsuzuki Denki Co ranks better than 79.08% 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 3.85 is strong.

Tsuzuki Denki Co has a Altman Z-Score of 3.85, 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 Tsuzuki Denki Co's Altman Z-Score or its related term are showing as below:

TSE:8157' s Altman Z-Score Range Over the Past 10 Years
Min: 2.42   Med: 2.88   Max: 3.85
Current: 3.85

During the past 13 years, Tsuzuki Denki Co's highest Altman Z-Score was 3.85. The lowest was 2.42. And the median was 2.88.


Tsuzuki Denki Co  (TSE:8157) 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.


Tsuzuki Denki Co Altman Z-Score Related Terms


Tsuzuki Denki Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Tsuzuki Denki 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.

Tsuzuki Denki Co Altman Z-Score Chart

Tsuzuki Denki Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 2.99 3.59 3.30 3.72

Tsuzuki Denki Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 3.30 3.71 3.83 4.14 3.72

TSE:8157 vs HON, MMM: Altman Z-Score Comparison

For the Conglomerates subindustry, Tsuzuki Denki 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.


Tsuzuki Denki Co Altman Z-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Tsuzuki Denki Co's Altman Z-Score distribution charts can be found below:

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


TSE:8157
61GF Score
Tsuzuki Denki Co Ltd TSE:8157
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tsuzuki Denki 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.

Tsuzuki Denki 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*0.514+1.4*0.4156+3.3*0.1085+0.6*1.8568+1.0*1.1837
=3.85

* 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87,630 Mil.
Total Current Assets was 円74,232 Mil.
Total Current Liabilities was 円29,186 Mil.
Retained Earnings was 円36,421 Mil.
Pre-Tax Income was 4550 + 2196 + 2266 + 379 = 円9,391 Mil.
Interest Expense was -41 + -29 + -24 + -23 = 円-117 Mil.
Revenue was 36402 + 23889 + 24604 + 18833 = 円103,728 Mil.
Market Cap (Today) was 円72,034 Mil.
Total Liabilities was 円38,794 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
=(74232 - 29186)/87630
=0.514

X2=Retained Earnings/Total Assets
=36421/87630
=0.4156

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(9391 - -117)/87630
=0.1085

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=72033.985/38794
=1.8568

X5=Revenue/Total Assets
=103728/87630
=1.1837

The zones of discrimination were as such:

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

Tsuzuki Denki Co has a Altman Z-Score of 3.85 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 3.85 mean?
Tsuzuki Denki Co (TSE:8157) has a Altman Z-Score of 3.85 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tsuzuki Denki Co and its competitors. This is 34% above median its historical median of 2.88. Over the past decade, Tsuzuki Denki Co's Altman Z-Score has ranged from 2.42 to 3.85. According to the industry distribution chart, Tsuzuki Denki Co ranks #114 out of 545 companies in the Conglomerates industry, placing it in the top 20.9%.
Is Tsuzuki Denki Co's Altman Z-Score too high?
Tsuzuki Denki Co's current Altman Z-Score of 3.85 is 34% above median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 3.85. The Conglomerates industry median Altman Z-Score is 2.07. Tsuzuki Denki Co's value of 3.85 is 86% above this industry median. Based on the distribution chart, Tsuzuki Denki Co ranks #114 out of 545 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Tsuzuki Denki Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsuzuki Denki Co's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Tsuzuki Denki Co ranks #114 out of 545 companies for Altman Z-Score. This places Tsuzuki Denki Co in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.07. Tsuzuki Denki Co's value of 3.85 is 86% above this benchmark. Historically, Tsuzuki Denki Co's own Altman Z-Score has ranged from 2.42 to 3.85 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 2.07, Tsuzuki Denki 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 a Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.07, based on 545 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. Tsuzuki Denki Co's current Altman Z-Score of 3.85 is 86% 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 Tsuzuki Denki Co and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsuzuki Denki Co's current Altman Z-Score is 3.85, which is 34% above median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuzuki Denki Co stock overvalued right now?
Based on GuruFocus' analysis, Tsuzuki Denki Co (TSE:8157) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,166.32, compared to a current price of 円3,955.00 — trading 82.6% above its estimated fair value. The current Altman Z-Score is 3.85, which is 34% above median its 10-year median of 2.88 and 86% above the Conglomerates industry median of 2.07. Tsuzuki Denki Co's overall GF Score™ is 61/100 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 Tsuzuki Denki Co (TSE:8157), the current Altman Z-Score is 3.85 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 Tsuzuki Denki Co (TSE:8157) Overvalued in 2026?

Based on GuruFocus' analysis, Tsuzuki Denki Co stock appears to be overvalued. The current stock price of 円3,955.00 is trading 82.6% above its estimated GF Value™ of 円2,166.32. GuruFocus considers Tsuzuki Denki Co to be Significantly Overvalued.

Key valuation signals for TSE:8157:

  • Altman Z-Score: 3.85 (34% above median its 10-year median of 2.88)
  • GF Value™: 円2,166.32 vs. price of 円3,955.00 (82.6% above fair value)
  • GF Score™: 61/100 with 3 warning signs
  • Industry Position: 86% above the Conglomerates median (#114 of 545)

No single metric tells the full story. See the TSE:8157 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsuzuki Denki Co Business Description

Address Tokyo Art Club Building, 6-19-15 Shinbashi, Minato-ku, Tokyo, JPN, 105-8665
Tsuzuki Denki Co Ltd engages in provision of information network system solution services. Its electronic devices comprise logic ICs, memory ICs, discrete semiconductors, compound semiconductors, relays, connectors, mouse, display panels, circuit boards, communication modules, and other components. The company's information equipment includes hard disks, PC/servers, printers, and other electronic devices; computer supplies, such as toners, ink ribbons, papers, and data media; computer-related products consisting of PC peripherals and network equipment; stationary/office supplies; and office solutions comprising interior design/construction. The company serves customers in the fields of manufacturing, distribution and services, medical and welfare, public and education, and financial.
61GF Score

Get the complete analysis for TSE:8157

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

円3,955.00
Price
円2,166.32
GF Value