Virtual Global Education (BOM:534741) Altman Z2-Score: 11.02 (As of Jul. 05, 2026) — 103% Above Median


BOM:534741 Virtual Global Education Ltd BOM:534741
32 GF Score
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What is Virtual Global Education Altman Z2-Score?

Virtual Global Education BOM:534741 -3.92% 32 Altman Z2-Score is 11.02 as of Jul. 05, 2026, which is 103% above its 10-year median of 5.43. GuruFocus rates BOM:534741 with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 257 Education companies, Virtual Global Education ranks better than 91.05% 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:

Virtual Global Education has a Altman Z2-Score of 11.02, 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 Virtual Global Education's Altman Z2-Score or its related term are showing as below:

BOM:534741' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.77   Med: 5.43   Max: 11.02
Current: 11.02

During the past 13 years, Virtual Global Education's highest Altman Z2-Score was 11.02. The lowest was 4.77. And the median was 5.43.


Virtual Global Education  (BOM:534741) 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.


Virtual Global Education Altman Z2-Score Related Terms


Virtual Global Education Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Virtual Global Education'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.

Virtual Global Education Altman Z2-Score Chart

Virtual Global Education 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 5.54 5.24 5.32 8.66 11.02

Virtual Global Education 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 8.66 0.00 8.31 0.00 11.02

BOM:534741 vs EDU, TAL, LAUR: Altman Z2-Score Comparison

For the Education & Training Services subindustry, Virtual Global Education'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.


Virtual Global Education Altman Z2-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Virtual Global Education's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Virtual Global Education's Altman Z2-Score falls into.


BOM:534741
32GF Score
Virtual Global Education Ltd BOM:534741
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Virtual Global Education 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.

Virtual Global Education'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*0.3466+3.26*0+6.72*-0.0038+1.05*8.3512
=11.02

* 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 ₹840.55 Mil.
Total Current Assets was ₹331.95 Mil.
Total Current Liabilities was ₹40.64 Mil.
Retained Earnings was ₹0.00 Mil.
Pre-Tax Income was -2.148 + 0.463 + -1.565 + 0.025 = ₹-3.23 Mil.
Interest Expense was 0 + 0 + 0 + 0 = ₹0.00 Mil.
Total Liabilities was ₹89.87 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
=(331.948 - 40.639)/840.553
=0.3466

X2=Retained Earnings/Total Assets
=0/840.553
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-3.225 - 0)/840.553
=-0.0038

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(750.535 - 0)/89.871
=8.3512

The zones of discrimination were as such:

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

Virtual Global Education has a Altman Z2-Score of 11.02 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 11.02 mean?
Virtual Global Education (BOM:534741) has a Altman Z2-Score of 11.02 as of Jul. 05, 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 Virtual Global Education and its competitors. This is 103% above median its historical median of 5.43. Over the past decade, Virtual Global Education's Altman Z2-Score has ranged from 4.77 to 11.02. According to the industry distribution chart, Virtual Global Education ranks #23 out of 257 companies in the Education industry, placing it in the top 8.9%.
Is Virtual Global Education's Altman Z2-Score too high?
Virtual Global Education's current Altman Z2-Score of 11.02 is 103% above median its 10-year median of 5.43. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 11.02. The Education industry median Altman Z2-Score is 3.14. Virtual Global Education's value of 11.02 is 251% above this industry median. Based on the distribution chart, Virtual Global Education ranks #23 out of 257 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Virtual Global Education has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Virtual Global Education's Altman Z2-Score compare to EDU and TAL?
According to the Education industry distribution chart, Virtual Global Education ranks #23 out of 257 companies for Altman Z2-Score. This places Virtual Global Education in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.14. Virtual Global Education's value of 11.02 is 251% above this benchmark. Historically, Virtual Global Education's own Altman Z2-Score has ranged from 4.77 to 11.02 over the past decade. While the company's 10-year median is 5.43 vs. the industry median of 3.14, Virtual Global Education 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 an Education company?
The median Altman Z2-Score among Education companies is 3.14, based on 257 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. Virtual Global Education's current Altman Z2-Score of 11.02 is 251% 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 Virtual Global Education and its competitors. For the Education industry, the median Altman Z2-Score is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virtual Global Education's current Altman Z2-Score is 11.02, which is 103% above median its own 10-year median of 5.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virtual Global Education stock overvalued right now?
Virtual Global Education (BOM:534741) has a current Altman Z2-Score of 11.02. The current Altman Z2-Score is 11.02, which is 103% above median its 10-year median of 5.43 and 251% above the Education industry median of 3.14. Virtual Global Education's overall GF Score™ is 32/100 with 3 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 Virtual Global Education (BOM:534741), the current Altman Z2-Score is 11.02 as of Jul. 05, 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.

Virtual Global Education Business Description

Address 1007, Aggarwal Cyber Plaza-1, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034
Virtual Global Education Ltd is engaged in the business of the education and training industry. The company offers various technical and vocational secondary education. Its business areas include skills for schools and colleges, vocational education and training, professional entrepreneurship program, and digital education. In addition, it also offers courses on various skills in telecom, retail, hospitality and tourism, healthcare, security, beauty and wellness, solar power, agriculture, and electronics sectors. The company derives its revenues mainly from skilling and training, and the project is comprised under the Common Norms of the National Skill Development Corporation.
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