Sun TV Network (BOM:532733) Altman Z2-Score: 15.68 (As of Jul. 25, 2026) — 12% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:532733 Sun TV Network Ltd BOM:532733
92 GF Score
Price ₹486.75
GF Value ₹659.65
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Sun TV Network Altman Z2-Score?

Sun TV Network BOM:532733 -0.39% 92 Altman Z2-Score is 15.68 as of Jul. 25, 2026, which is 12% below its 10-year median of 17.85. GuruFocus rates BOM:532733 with a GF Score™ of 92/100 and a GF Value™ of ₹659.65 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,010 Media - Diversified companies, Sun TV Network ranks better than 96.24% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Good Sign:

Sun TV Network has a Altman Z2-Score of 15.68, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Sun TV Network's Altman Z2-Score or its related term are showing as below:

BOM:532733' s Altman Z2-Score Range Over the Past 10 Years
Min: 15.42   Med: 17.85   Max: 20.24
Current: 15.68

During the past 13 years, Sun TV Network's highest Altman Z2-Score was 20.24. The lowest was 15.42. And the median was 17.85.


Sun TV Network  (BOM:532733) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

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_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Sun TV Network Altman Z2-Score Related Terms


Sun TV Network Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Sun TV Network's Altman Z2-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.

Sun TV Network Altman Z2-Score Chart

Sun TV Network Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.26 18.62 20.24 20.09 15.68

Sun TV Network Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-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 20.09 0.00 16.88 0.00 15.68

BOM:532733 vs NXST: Altman Z2-Score Comparison

For the Broadcasting subindustry, Sun TV Network's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.


Sun TV Network Altman Z2-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Sun TV Network's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Sun TV Network's Altman Z2-Score falls into.


BOM:532733
92GF Score
Sun TV Network Ltd BOM:532733
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sun TV Network Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Sun TV Network's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.5325+3.26*0+6.72*0.1411+1.05*10.7034
=15.68

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₹138,411 Mil.
Total Current Assets was ₹84,546 Mil.
Total Current Liabilities was ₹10,839 Mil.
Retained Earnings was ₹0 Mil.
Pre-Tax Income was 3225.2 + 4360.6 + 4861 + 6944.5 = ₹19,391 Mil.
Interest Expense was -32.5 + -29.3 + -41.8 + -35.5 = ₹-139 Mil.
Total Liabilities was ₹11,813 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
=(84546.2 - 10839.2)/138411.1
=0.5325

X2=Retained Earnings/Total Assets
=0/138411.1
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(19391.3 - -139.1)/138411.1
=0.1411

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(126433.6 - 0)/11812.5
=10.7034

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Sun TV Network has a Altman Z2-Score of 15.68 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 15.68 mean?
Sun TV Network (BOM:532733) has a Altman Z2-Score of 15.68 as of Jul. 25, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Sun TV Network and its competitors. This is 12% below median its historical median of 17.85. Over the past decade, Sun TV Network's Altman Z2-Score has ranged from 15.42 to 20.24. According to the industry distribution chart, Sun TV Network ranks #38 out of 1010 companies in the Media - Diversified industry, placing it in the top 3.8%.
Is Sun TV Network's Altman Z2-Score too high?
Sun TV Network's current Altman Z2-Score of 15.68 is 12% below median its 10-year median of 17.85. Over the past 10 years, this metric has ranged from a low of 15.42 to a high of 20.24. The Media - Diversified industry median Altman Z2-Score is 2.57. Sun TV Network's value of 15.68 is 511.3% above this industry median. Based on the distribution chart, Sun TV Network ranks #38 out of 1010 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Sun TV Network has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sun TV Network's Altman Z2-Score compare to NXST?
According to the Media - Diversified industry distribution chart, Sun TV Network ranks #38 out of 1010 companies for Altman Z2-Score. This places Sun TV Network in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.57. Sun TV Network's value of 15.68 is 511.3% above this benchmark. Historically, Sun TV Network's own Altman Z2-Score has ranged from 15.42 to 20.24 over the past decade. While the company's 10-year median is 17.85 vs. the industry median of 2.57, Sun TV Network 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 Z2-Score for a Media - Diversified company?
The median Altman Z2-Score among Media - Diversified companies is 2.57, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Sun TV Network's current Altman Z2-Score of 15.68 is 511.3% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Sun TV Network and its competitors. For the Media - Diversified industry, the median Altman Z2-Score is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sun TV Network's current Altman Z2-Score is 15.68, which is 12% below median its own 10-year median of 17.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun TV Network stock overvalued right now?
Based on GuruFocus' analysis, Sun TV Network (BOM:532733) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹659.65, compared to a current price of ₹486.75 — trading 26.2% below its estimated fair value. The current Altman Z2-Score is 15.68, which is 12% below median its 10-year median of 17.85 and 511.3% above the Media - Diversified industry median of 2.57. Sun TV Network's overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Sun TV Network (BOM:532733), the current Altman Z2-Score is 15.68 as of Jul. 25, 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 Sun TV Network (BOM:532733) Overvalued in 2026?

Based on GuruFocus' analysis, Sun TV Network stock appears to be undervalued. The current stock price of ₹486.75 is trading 26.2% below its estimated GF Value™ of ₹659.65. GuruFocus considers Sun TV Network to be Modestly Undervalued.

Key valuation signals for BOM:532733:

  • Altman Z2-Score: 15.68 (12% below median its 10-year median of 17.85)
  • GF Value™: ₹659.65 vs. price of ₹486.75 (26.2% below fair value)
  • GF Score™: 92/100 with 2 warning signs
  • Industry Position: 511.3% above the Media - Diversified median (#38 of 1010)

No single metric tells the full story. See the BOM:532733 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sun TV Network Business Description

Other Exchanges SUNTV:India
Address 73, MRC Nagar Main Road, Murasoli Maran Towers, MRC Nagar, Chennai, TN, IND, 600028
Sun TV Network Ltd is a media and entertainment company. The group owns and operates a series of television networks across four languages in the news, music, action, life, movies, kids, and comedy genres. It also airs FM stations in several Indian languages. Its business activities are reported under a single segment, being Media and Entertainment. The company generates revenues from advertising, broadcasting fees, International subscriptions, other subscriptions, movie distribution, and content trading. Geographically, the group is focused on the Indian market with a few operations outside India.
92GF Score

Get the complete analysis for BOM:532733

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹486.75
Price
₹659.65
GF Value