Aso InternationalTSE:9340 -1.01%65 Altman Z-Score is 13.61 as of Jul. 11, 2026, which is 36% above its 10-year median of 10.03. GuruFocus rates TSE:9340 with a GF Score™ of 65/100 and a GF Value™ of 円527.59 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 808 Medical Devices & Instruments companies, Aso International ranks better than 82.8% 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 9.98 is strong.
Aso International has a Altman Z-Score of 13.61, 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 Aso International's Altman Z-Score or its related term are showing as below:
TSE:9340'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.66 Med: 10.03 Max: 14.8
Current: 9.98
During the past 5 years, Aso International's highest Altman Z-Score was 14.80. The lowest was 8.66. And the median was 10.03.
Aso International (TSE:9340) 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.
Aso International Altman Z-Score Related Terms
Aso International Altman Z-Score Historical Data
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The historical data trend for Aso International'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:9340 vs ISRG, BDX, MDLN: Altman Z-Score Comparison
For the Medical Instruments & Supplies subindustry, Aso International'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.
Aso International Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Aso International's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Aso International'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.
Aso International'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
*
0.6448
+
1.4
*
0.6849
+
3.3
*
0.1495
+
0.6
*
17.526
+
1.0
*
0.8703
=
13.61
* 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.
Aso International (TSE:9340) has a Altman Z-Score of 13.61 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Aso International and its competitors. This is 36% above median its historical median of 10.03. Over the past decade, Aso International's Altman Z-Score has ranged from 8.66 to 14.80. According to the industry distribution chart, Aso International ranks #139 out of 808 companies in the Medical Devices & Instruments industry, placing it in the top 17.2%.
Is Aso International's Altman Z-Score too high?
Aso International's current Altman Z-Score of 13.61 is 36% above median its 10-year median of 10.03. Over the past 10 years, this metric has ranged from a low of 8.66 to a high of 14.80. The Medical Devices & Instruments industry median Altman Z-Score is 3.01. Aso International's value of 13.61 is 352.9% above this industry median. Based on the distribution chart, Aso International ranks #139 out of 808 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Aso International has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aso International's Altman Z-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Aso International ranks #139 out of 808 companies for Altman Z-Score. This places Aso International in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.01. Aso International's value of 13.61 is 352.9% above this benchmark. Historically, Aso International's own Altman Z-Score has ranged from 8.66 to 14.80 over the past decade. While the company's 10-year median is 10.03 vs. the industry median of 3.01, Aso International 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 Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 3.01, based on 808 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. Aso International's current Altman Z-Score of 13.61 is 352.9% 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 Aso International and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aso International's current Altman Z-Score is 13.61, which is 36% above median its own 10-year median of 10.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aso International stock overvalued right now?
Based on GuruFocus' analysis, Aso International (TSE:9340) is currently considered Significantly Overvalued. The stock's GF Value™ is 円527.59, compared to a current price of 円689.00 — trading 30.6% above its estimated fair value. The current Altman Z-Score is 13.61, which is 36% above median its 10-year median of 10.03 and 352.9% above the Medical Devices & Instruments industry median of 3.01. Aso International's overall GF Score™ is 65/100 with 4 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 Aso International (TSE:9340), the current Altman Z-Score is 13.61 as of Jul. 11, 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 Aso International (TSE:9340) Overvalued in 2026?
Based on GuruFocus' analysis, Aso International stock appears to be overvalued.
The current stock price of 円689.00 is trading 30.6% above its estimated GF Value™ of 円527.59.
GuruFocus considers Aso International to be Significantly Overvalued.
Key valuation signals for TSE:9340:
Altman Z-Score: 13.61 (36% above median its 10-year median of 10.03)
GF Value™: 円527.59 vs. price of 円689.00 (30.6% above fair value)
Industry Position: 352.9% above the Medical Devices & Instruments median (#139 of 808)
No single metric tells the full story. See the TSE:9340 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances. The company mainly manufactures and supplies custom-made orthodontic dental prostheses to dental medical institutions. Its product portfolio comprises Aso Liner, Specter 4D Print Retainer, 3D printers for dental prostheses, Harmony, a lingual orthodontic system, and various types of retainers, among others. The group operates in a single segment, the orthodontic business.
65GF Score
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