ROYAL HOLDINGS CoTSE:8179 +0.72%75 Altman Z-Score is 2.51 as of Jul. 08, 2026, which is 2% above its 10-year median of 2.45. GuruFocus rates TSE:8179 with a GF Score™ of 75/100 and a GF Value™ of 円1,475.57 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 358 Restaurants companies, ROYAL HOLDINGS Co ranks better than 54.47% 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.
Warning Sign:
Altman Z-score of 2.48 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
ROYAL HOLDINGS Co has a Altman Z-Score of 2.51, indicating it is in Grey Zones. This implies that ROYAL HOLDINGS Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 ROYAL HOLDINGS Co's Altman Z-Score or its related term are showing as below:
TSE:8179'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.07 Med: 2.45 Max: 3.42
Current: 2.48
During the past 13 years, ROYAL HOLDINGS Co's highest Altman Z-Score was 3.42. The lowest was 0.07. And the median was 2.45.
ROYAL HOLDINGS Co (TSE:8179) 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.
ROYAL HOLDINGS Co Altman Z-Score Related Terms
ROYAL HOLDINGS Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for ROYAL 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:8179 vs MCD, SBUX, YUM: Altman Z-Score Comparison
For the Restaurants subindustry, ROYAL 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.
ROYAL HOLDINGS Co Altman Z-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, ROYAL HOLDINGS Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where ROYAL 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.
ROYAL 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
*
0.0125
+
1.4
*
0.0797
+
3.3
*
0.0516
+
0.6
*
1.5878
+
1.0
*
1.2631
=
2.51
* 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.
ROYAL HOLDINGS Co (TSE:8179) has a Altman Z-Score of 2.51 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ROYAL HOLDINGS Co and its competitors. This is near median its historical median of 2.45. Over the past decade, ROYAL HOLDINGS Co's Altman Z-Score has ranged from 0.07 to 3.42. According to the industry distribution chart, ROYAL HOLDINGS Co ranks #163 out of 358 companies in the Restaurants industry, placing it in the top 45.5%.
Is ROYAL HOLDINGS Co's Altman Z-Score too high?
ROYAL HOLDINGS Co's current Altman Z-Score of 2.51 is near median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 3.42. The Restaurants industry median Altman Z-Score is 2.24. ROYAL HOLDINGS Co's value of 2.51 is 12.1% above this industry median. Based on the distribution chart, ROYAL HOLDINGS Co ranks #163 out of 358 companies in the Restaurants industry, which is above the industry midpoint. Overall, ROYAL HOLDINGS Co has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ROYAL HOLDINGS Co's Altman Z-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, ROYAL HOLDINGS Co ranks #163 out of 358 companies for Altman Z-Score. This puts ROYAL HOLDINGS Co in the upper half of its industry. The industry median Altman Z-Score is 2.24. ROYAL HOLDINGS Co's value of 2.51 is 12.1% above this benchmark. Historically, ROYAL HOLDINGS Co's own Altman Z-Score has ranged from 0.07 to 3.42 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 2.24, ROYAL 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 a Restaurants company?
The median Altman Z-Score among Restaurants companies is 2.24, based on 358 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. ROYAL HOLDINGS Co's current Altman Z-Score of 2.51 is 12.1% 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 ROYAL HOLDINGS Co and its competitors. For the Restaurants industry, the median Altman Z-Score is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ROYAL HOLDINGS Co's current Altman Z-Score is 2.51, which is near median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ROYAL HOLDINGS Co stock overvalued right now?
Based on GuruFocus' analysis, ROYAL HOLDINGS Co (TSE:8179) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,475.57, compared to a current price of 円1,257.00 — trading 14.8% below its estimated fair value. The current Altman Z-Score is 2.51, which is near median its 10-year median of 2.45 and 12.1% above the Restaurants industry median of 2.24. ROYAL HOLDINGS Co's overall GF Score™ is 75/100 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 ROYAL HOLDINGS Co (TSE:8179), the current Altman Z-Score is 2.51 as of Jul. 08, 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 ROYAL HOLDINGS Co (TSE:8179) Overvalued in 2026?
Based on GuruFocus' analysis, ROYAL HOLDINGS Co stock appears to be undervalued.
The current stock price of 円1,257.00 is trading 14.8% below its estimated GF Value™ of 円1,475.57.
GuruFocus considers ROYAL HOLDINGS Co to be Modestly Undervalued.
Key valuation signals for TSE:8179:
Altman Z-Score: 2.51 (near median its 10-year median of 2.45)
GF Value™: 円1,475.57 vs. price of 円1,257.00 (14.8% below fair value)
Industry Position: 12.1% above the Restaurants median (#163 of 358)
No single metric tells the full story. See the TSE:8179 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ROYAL HOLDINGS Co Ltd operates five core businesses in Japan: Restaurants, Hotels, Contract Food Services, In-Flight Catering, and Food Manufacturing. Royal's Restaurants business operates various brands, including Royal Host, Tenya, Cowboy Family, Shakey's, Sizzler, Hananoki, Royal Garden Cafe, pinkberry, The Third Cafe, and Rose Bakery. The company's Hotel business operates Richmond Hotels. Contract Food Services provides food in airports, highway service areas, department stores, and convention centers. In-Flight Catering provides meals for dozens of airlines all over the world. The Food Manufacturing business has two central kitchens in Japan that serve the company's other businesses. The group has four segments: restaurant business, contract business, Hotel Business, & Food Business.
75GF Score
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