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GenovaTSE:9341 77 Altman Z-Score is 4.61 as of Jul. 16, 2026, which is 56% below its 10-year median of 10.53. GuruFocus rates TSE:9341 with a GF Score™ of 77/100 and a GF Value™ of 円1,961.82 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 808 Medical Devices & Instruments companies, Genova ranks better than 63.24% 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 4.62 is strong.
Genova has a Altman Z-Score of 4.61, 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 Genova's Altman Z-Score or its related term are showing as below:
TSE:9341'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.4 Med: 10.53 Max: 14.42
Current: 4.62
During the past 6 years, Genova's highest Altman Z-Score was 14.42. The lowest was 4.40. And the median was 10.53.
Genova (TSE:9341) 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.
Genova Altman Z-Score Related Terms
Genova Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Genova'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:9341 vs ABT, SYK, MDT: Altman Z-Score Comparison
For the Medical Devices subindustry, Genova'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.
Genova Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Genova's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Genova'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.
Genova'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
*
0.546
+
1.4
*
0.5364
+
3.3
*
0.05
+
0.6
*
3.1864
+
1.0
*
1.1277
=
4.61
* 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.
Genova (TSE:9341) has a Altman Z-Score of 4.61 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Genova and its competitors. This is 56% below median its historical median of 10.53. Over the past decade, Genova's Altman Z-Score has ranged from 4.40 to 14.42. According to the industry distribution chart, Genova ranks #297 out of 808 companies in the Medical Devices & Instruments industry, placing it in the top 36.8%.
Is Genova's Altman Z-Score too high?
Genova's current Altman Z-Score of 4.61 is 56% below median its 10-year median of 10.53. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 14.42. The Medical Devices & Instruments industry median Altman Z-Score is 3.02. Genova's value of 4.61 is 52.9% above this industry median. Based on the distribution chart, Genova ranks #297 out of 808 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Genova has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Genova's Altman Z-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Genova ranks #297 out of 808 companies for Altman Z-Score. This puts Genova in the upper half of its industry. The industry median Altman Z-Score is 3.02. Genova's value of 4.61 is 52.9% above this benchmark. Historically, Genova's own Altman Z-Score has ranged from 4.40 to 14.42 over the past decade. While the company's 10-year median is 10.53 vs. the industry median of 3.02, Genova 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 3.02, 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. Genova's current Altman Z-Score of 4.61 is 52.9% 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 Genova and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Genova's current Altman Z-Score is 4.61, which is 56% below median its own 10-year median of 10.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genova stock overvalued right now?
Based on GuruFocus' analysis, Genova (TSE:9341) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,961.82, compared to a current price of 円617.00 — trading 68.5% below its estimated fair value. The current Altman Z-Score is 4.61, which is 56% below median its 10-year median of 10.53 and 52.9% above the Medical Devices & Instruments industry median of 3.02. Genova's overall GF Score™ is 77/100 with 8 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 Genova (TSE:9341), the current Altman Z-Score is 4.61 as of Jul. 16, 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 Genova (TSE:9341) Overvalued in 2026?
Based on GuruFocus' analysis, Genova stock appears to be undervalued.
The current stock price of 円617.00 is trading 68.5% below its estimated GF Value™ of 円1,961.82.
GuruFocus considers Genova to be Possible Value Trap.
Key valuation signals for TSE:9341:
Altman Z-Score: 4.61 (56% below median its 10-year median of 10.53)
GF Value™: 円1,961.82 vs. price of 円617.00 (68.5% below fair value)
Industry Position: 52.9% above the Medical Devices & Instruments median (#297 of 808)
No single metric tells the full story. See the TSE:9341 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Genova Inc manages operations of the medical information site and sales of automatic reception and payment machines for clinics. The group operates in two reportable segments: Medical Platform Business and the Smart Clinic Project. The majority of its revenue is generated from the Medical Platform Business, which operates an online media site (Medical Dock) that provides preventive information and health knowledge to users (patients) on diseases and symptoms. In addition, it also supports users in finding a family doctor that suits them. The Smart Clinic Business develops and provides services that improve the convenience and efficiency of non-medical procedures at medical institutions.
77GF Score
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