Maruzen Showa Unyu Co (TSE:9068) Altman Z-Score: 3.45 (As of Jul. 04, 2026) — 34% Above Median


TSE:9068 Maruzen Showa Unyu Co Ltd TSE:9068
90 GF Score
Price 円7,460.00
GF Value 円6,269.83
Valuation Modestly Overvalued
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What is Maruzen Showa Unyu Co Altman Z-Score?

Maruzen Showa Unyu Co TSE:9068 +1.63% 90 Altman Z-Score is 3.45 as of Jul. 04, 2026, which is 34% above its 10-year median of 2.57. GuruFocus rates TSE:9068 with a GF Score™ of 90/100 and a GF Value™ of 円6,269.83 (Modestly Overvalued). Among 994 Transportation companies, Maruzen Showa Unyu Co ranks better than 71.83% 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 3.45 is strong.

Maruzen Showa Unyu Co has a Altman Z-Score of 3.45, 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 Maruzen Showa Unyu Co's Altman Z-Score or its related term are showing as below:

TSE:9068' s Altman Z-Score Range Over the Past 10 Years
Min: 2.3   Med: 2.57   Max: 3.59
Current: 3.45

During the past 13 years, Maruzen Showa Unyu Co's highest Altman Z-Score was 3.59. The lowest was 2.30. And the median was 2.57.


Maruzen Showa Unyu Co  (TSE:9068) 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.


Maruzen Showa Unyu Co Altman Z-Score Related Terms


Maruzen Showa Unyu Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Maruzen Showa Unyu 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.

Maruzen Showa Unyu Co Altman Z-Score Chart

Maruzen Showa Unyu 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 2.54 2.59 2.80 3.18 3.59

Maruzen Showa Unyu 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 3.18 3.44 3.35 3.56 3.59

TSE:9068 vs UPS, FDX, JBHT: Altman Z-Score Comparison

For the Integrated Freight & Logistics subindustry, Maruzen Showa Unyu 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.


Maruzen Showa Unyu Co Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Maruzen Showa Unyu Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Maruzen Showa Unyu Co's Altman Z-Score falls into.


TSE:9068
90GF Score
Maruzen Showa Unyu Co Ltd TSE:9068
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Maruzen Showa Unyu 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.

Maruzen Showa Unyu 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*0.1928+1.4*0.5413+3.3*0.0909+0.6*2.3886+1.0*0.7264
=3.45

* 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204,585 Mil.
Total Current Assets was 円72,368 Mil.
Total Current Liabilities was 円32,923 Mil.
Retained Earnings was 円110,741 Mil.
Pre-Tax Income was 5098 + 4486 + 4585 + 4089 = 円18,258 Mil.
Interest Expense was -94 + -77 + -83 + -77 = 円-331 Mil.
Revenue was 37767 + 38597 + 36392 + 35847 = 円148,603 Mil.
Market Cap (Today) was 円143,819 Mil.
Total Liabilities was 円60,211 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
=(72368 - 32923)/204585
=0.1928

X2=Retained Earnings/Total Assets
=110741/204585
=0.5413

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(18258 - -331)/204585
=0.0909

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=143819.281/60211
=2.3886

X5=Revenue/Total Assets
=148603/204585
=0.7264

The zones of discrimination were as such:

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

Maruzen Showa Unyu Co has a Altman Z-Score of 3.45 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 3.45 mean?
Maruzen Showa Unyu Co (TSE:9068) has a Altman Z-Score of 3.45 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Maruzen Showa Unyu Co and its competitors. This is 34% above median its historical median of 2.57. Over the past decade, Maruzen Showa Unyu Co's Altman Z-Score has ranged from 2.30 to 3.59. According to the industry distribution chart, Maruzen Showa Unyu Co ranks #280 out of 994 companies in the Transportation industry, placing it in the top 28.2%.
Is Maruzen Showa Unyu Co's Altman Z-Score too high?
Maruzen Showa Unyu Co's current Altman Z-Score of 3.45 is 34% above median its 10-year median of 2.57. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 3.59. The Transportation industry median Altman Z-Score is 2.27. Maruzen Showa Unyu Co's value of 3.45 is 52% above this industry median. Based on the distribution chart, Maruzen Showa Unyu Co ranks #280 out of 994 companies in the Transportation industry, which is above the industry midpoint. Overall, Maruzen Showa Unyu Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Maruzen Showa Unyu Co's Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Maruzen Showa Unyu Co ranks #280 out of 994 companies for Altman Z-Score. This puts Maruzen Showa Unyu Co in the upper half of its industry. The industry median Altman Z-Score is 2.27. Maruzen Showa Unyu Co's value of 3.45 is 52% above this benchmark. Historically, Maruzen Showa Unyu Co's own Altman Z-Score has ranged from 2.30 to 3.59 over the past decade. While the company's 10-year median is 2.57 vs. the industry median of 2.27, Maruzen Showa Unyu 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 994 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. Maruzen Showa Unyu Co's current Altman Z-Score of 3.45 is 52% 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 Maruzen Showa Unyu Co and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maruzen Showa Unyu Co's current Altman Z-Score is 3.45, which is 34% above median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maruzen Showa Unyu Co stock overvalued right now?
Based on GuruFocus' analysis, Maruzen Showa Unyu Co (TSE:9068) is currently considered Modestly Overvalued. The stock's GF Value™ is 円6,269.83, compared to a current price of 円7,460.00 — trading 19% above its estimated fair value. The current Altman Z-Score is 3.45, which is 34% above median its 10-year median of 2.57 and 52% above the Transportation industry median of 2.27. Maruzen Showa Unyu Co's overall GF Score™ is 90/100. 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 Maruzen Showa Unyu Co (TSE:9068), the current Altman Z-Score is 3.45 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 Maruzen Showa Unyu Co (TSE:9068) Overvalued in 2026?

Based on GuruFocus' analysis, Maruzen Showa Unyu Co stock appears to be overvalued. The current stock price of 円7,460.00 is trading 19% above its estimated GF Value™ of 円6,269.83. GuruFocus considers Maruzen Showa Unyu Co to be Modestly Overvalued.

Key valuation signals for TSE:9068:

  • Altman Z-Score: 3.45 (34% above median its 10-year median of 2.57)
  • GF Value™: 円6,269.83 vs. price of 円7,460.00 (19% above fair value)
  • GF Score™: 90/100
  • Industry Position: 52% above the Transportation median (#280 of 994)

No single metric tells the full story. See the TSE:9068 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maruzen Showa Unyu Co Business Description

Address 2-15 Minami-nakadori, Yokohama, JPN, 231-8419
Maruzen Showa Unyu Co Ltd is a Japan-based company engaged in the provision of logistics and transportation services. The company operates through three segments. Its Logistics segments provide freight truck transportation, harbor transport operations, customs brokerage, packing, warehouse operations, ocean shipping as well as air shipping agent. The Yard operations and machine stevedoring segment are involved in assembly, warehouse storage of raw materials, heavy loads, precision machinery and related operations. Its Other business segment renders construction, security services, industrial waste disposal, insurance agent, and vehicle maintenance services.
90GF 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7,460.00
Price
円6,269.83
GF Value