Tower (NZSE:TWR) Altman Z2-Score

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.

NZSE:TWR Tower Ltd NZSE:TWR
85 GF Score
Price NZ$1.98
GF Value NZ$1.45
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Tower Altman Z2-Score?

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.

Altman Z2-Score does not apply to banks and insurance companies.

NZSE:TWR
85GF Score
Tower Ltd NZSE:TWR
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Is Tower (NZSE:TWR) Overvalued in 2026?

Based on GuruFocus' analysis, Tower stock appears to be overvalued. The current stock price of NZ$1.98 is trading 36.2% above its estimated GF Value™ of NZ$1.45. GuruFocus considers Tower to be Significantly Overvalued.

Key valuation signals for NZSE:TWR:

  • Altman Z2-Score:
  • GF Value™: NZ$1.45 vs. price of NZ$1.98 (36.2% above fair value)
  • GF Score™: 85/100 with 6 warning signs

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

Tower Business Description

Other Exchanges UCNA:GermanyTWR:Australia
Address 136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142
Tower Limited is a New Zealand-based general insurer offering personal and business insurance products. Its personal lines cover car, house, contents, travel, boat, and lifestyle assets, while its business products include commercial property, motor fleet, liability, and specialist cover for small and medium-sized enterprises. The company distributes directly to customers through its website, call centre, and mobile app, as well as through brokers and partner channels. It operates primarily in New Zealand, with a smaller presence in the Pacific Islands, including Fiji, Papua New Guinea, and other regional markets. Revenue is generated mainly from insurance premiums written in its New Zealand general insurance business, supplemented by premium income from Pacific operations and investment returns on its insurance float. Tower has expanded its digital, self-service platform in recent years and is listed on the New Zealand and Australian stock exchanges.
85GF Score

Get the complete analysis for NZSE:TWR

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

NZ$1.98
Price
NZ$1.45
GF Value