Turners Automotive GroupNZSE:TRA +1.21%41 Altman Z2-Score is 1.69 as of Jul. 07, 2026, which is 27% below its 10-year median of 2.31. GuruFocus rates NZSE:TRA with a GF Score™ of 41/100 and a GF Value™ of NZ$4.41 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,320 Vehicles & Parts companies, Turners Automotive Group ranks worse than 70.61% 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.
Turners Automotive Group has a Altman Z2-Score of 1.69, indicating it is in Grey Zones. This implies that Turners Automotive Group is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
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 Turners Automotive Group's Altman Z2-Score or its related term are showing as below:
NZSE:TRA'
s Altman Z2-Score Range Over the Past 10 Years
Min: 0.06 Med: 2.31 Max: 5.04
Current: 1.69
During the past 13 years, Turners Automotive Group's highest Altman Z2-Score was 5.04. The lowest was 0.06. And the median was 2.31.
Turners Automotive Group (NZSE:TRA) 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.
* 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.
NZSE:TRA vs CVNA, PAG, ALTB: Altman Z2-Score Comparison
For the Auto & Truck Dealerships subindustry, Turners Automotive Group'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.
Turners Automotive Group Altman Z2-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Turners Automotive Group's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Turners Automotive Group's Altman Z2-Score falls into.
Turners Automotive Group 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.
* 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.
Turners Automotive Group (NZSE:TRA) has a Altman Z2-Score of 1.69 as of Jul. 07, 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 Turners Automotive Group and its competitors. This is 27% below median its historical median of 2.31. Over the past decade, Turners Automotive Group's Altman Z2-Score has ranged from 0.06 to 5.04. According to the industry distribution chart, Turners Automotive Group ranks #932 out of 1320 companies in the Vehicles & Parts industry, placing it in the top 70.6%.
Is Turners Automotive Group's Altman Z2-Score too high?
Turners Automotive Group's current Altman Z2-Score of 1.69 is 27% below median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 5.04. The Vehicles & Parts industry median Altman Z2-Score is 3.00. Turners Automotive Group's value of 1.69 is 43.6% below this industry median. Based on the distribution chart, Turners Automotive Group ranks #932 out of 1320 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Turners Automotive Group has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turners Automotive Group's Altman Z2-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Turners Automotive Group ranks #932 out of 1320 companies for Altman Z2-Score. This places Turners Automotive Group in the lower half of its industry. The industry median Altman Z2-Score is 3.00. Turners Automotive Group's value of 1.69 is 43.6% below this benchmark. Historically, Turners Automotive Group's own Altman Z2-Score has ranged from 0.06 to 5.04 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 3.00, Turners Automotive Group has consistently been below 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 Vehicles & Parts company?
The median Altman Z2-Score among Vehicles & Parts companies is 3.00, based on 1,320 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. Turners Automotive Group's current Altman Z2-Score of 1.69 is 43.6% below 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 Turners Automotive Group and its competitors. For the Vehicles & Parts industry, the median Altman Z2-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turners Automotive Group's current Altman Z2-Score is 1.69, which is 27% below median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turners Automotive Group stock overvalued right now?
Based on GuruFocus' analysis, Turners Automotive Group (NZSE:TRA) is currently considered Significantly Overvalued. The stock's GF Value™ is NZ$4.41, compared to a current price of NZ$8.35 — trading 89.3% above its estimated fair value. The current Altman Z2-Score is 1.69, which is 27% below median its 10-year median of 2.31 and 43.6% below the Vehicles & Parts industry median of 3.00. Turners Automotive Group's overall GF Score™ is 41/100 with 10 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 Turners Automotive Group (NZSE:TRA), the current Altman Z2-Score is 1.69 as of Jul. 07, 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 Turners Automotive Group (NZSE:TRA) Overvalued in 2026?
Based on GuruFocus' analysis, Turners Automotive Group stock appears to be overvalued.
The current stock price of NZ$8.35 is trading 89.3% above its estimated GF Value™ of NZ$4.41.
GuruFocus considers Turners Automotive Group to be Significantly Overvalued.
Key valuation signals for NZSE:TRA:
Altman Z2-Score: 1.69 (27% below median its 10-year median of 2.31)
GF Value™: NZ$4.41 vs. price of NZ$8.35 (89.3% above fair value)
Industry Position: 43.6% below the Vehicles & Parts median (#932 of 1320)
No single metric tells the full story. See the NZSE:TRA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turners Automotive Group Ltd, along with its subsidiaries, operates in the following reportable segments: Auto retail, Finance, Insurance, Credit management, and Corporate and other. The majority of its revenue is generated from the Auto retail segment, which is involved in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale. The Finance segment provides asset-based finance to consumers and SME's; the Insurance segment is involved in marketing and administration of a range of life and consumer insurance products; and the Credit management segment provides collection services, credit management, and debt recovery services to the corporate and SME sectors. Geographically, the group operates in New Zealand and Australia.
41GF Score
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