RNDOF (Round One) Altman Z2-Score: 1.21 (As of Jun. 25, 2026) — 28% Below Median


RNDOF Round One Corp RNDOF
42 GF Score
Price $7.00
GF Value $0.77
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Round One Altman Z2-Score?

Round One RNDOF +12.90% 42 Altman Z2-Score is 1.21 as of Jun. 25, 2026, which is 28% below its 10-year median of 1.67. GuruFocus rates RNDOF with a GF Score™ of 42/100 and a GF Value™ of $0.77 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 851 Travel & Leisure companies, Round One ranks worse than 63.1% 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.

Round One has a Altman Z2-Score of 1.21, indicating it is in Grey Zones. This implies that Round One 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 Round One's Altman Z2-Score or its related term are showing as below:

RNDOF' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.36   Med: 1.67   Max: 2.65
Current: 1.26

During the past 13 years, Round One's highest Altman Z2-Score was 2.65. The lowest was 0.36. And the median was 1.67.


Round One  (OTCPK:RNDOF) 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.


Round One Altman Z2-Score Related Terms


Round One Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Round One'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.

Round One Altman Z2-Score Chart

Round One Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.70 1.79 0.50 0.77 0.88

Round One Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 2.08 0.88 1.06 1.26 0.00

RNDOF vs AS, HAS, LTH: Altman Z2-Score Comparison

For the Leisure subindustry, Round One'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.


Round One Altman Z2-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Round One's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Round One's Altman Z2-Score falls into.


RNDOF
42GF Score
Round One Corp RNDOF
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Round One 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.

Round One'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*0.019+3.26*0.1357+6.72*0.0389+1.05*0.3606
=1.21

* 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 Sep. 2025:
Total Assets was $1,874.0 Mil.
Total Current Assets was $430.8 Mil.
Total Current Liabilities was $395.1 Mil.
Retained Earnings was $254.4 Mil.
Pre-Tax Income was 25.27 + 55.389 + 35.693 + -63.09 = $53.3 Mil.
Interest Expense was -7.927 + -5.857 + -7.42 + 1.516 = $-19.7 Mil.
Total Liabilities was $1,377.3 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
=(430.837 - 395.145)/1874.002
=0.019

X2=Retained Earnings/Total Assets
=254.35/1874.002
=0.1357

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(53.262 - -19.688)/1874.002
=0.0389

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(496.668 - 0)/1377.334
=0.3606

The zones of discrimination were as such:

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

Round One has a Altman Z2-Score of 1.21 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 1.21 mean?
Round One (RNDOF) has a Altman Z2-Score of 1.21 as of Jun. 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 Round One and its competitors. This is 28% below median its historical median of 1.67. Over the past decade, Round One's Altman Z2-Score has ranged from 0.36 to 2.65. According to the industry distribution chart, Round One ranks #537 out of 851 companies in the Travel & Leisure industry, placing it in the top 63.1%.
Is Round One's Altman Z2-Score too high?
Round One's current Altman Z2-Score of 1.21 is 28% below median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.65. The Travel & Leisure industry median Altman Z2-Score is 2.46. Round One's value of 1.21 is 50.8% below this industry median. Based on the distribution chart, Round One ranks #537 out of 851 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Round One has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Round One's Altman Z2-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Round One ranks #537 out of 851 companies for Altman Z2-Score. This places Round One in the lower half of its industry. The industry median Altman Z2-Score is 2.46. Round One's value of 1.21 is 50.8% below this benchmark. Historically, Round One's own Altman Z2-Score has ranged from 0.36 to 2.65 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 2.46, Round One 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 Travel & Leisure company?
The median Altman Z2-Score among Travel & Leisure companies is 2.46, based on 851 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. Round One's current Altman Z2-Score of 1.21 is 50.8% 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 Round One and its competitors. For the Travel & Leisure industry, the median Altman Z2-Score is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Round One's current Altman Z2-Score is 1.21, which is 28% below median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Round One stock overvalued right now?
Based on GuruFocus' analysis, Round One (RNDOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.77, compared to a current price of $7.00 — trading 809.1% above its estimated fair value. The current Altman Z2-Score is 1.21, which is 28% below median its 10-year median of 1.67 and 50.8% below the Travel & Leisure industry median of 2.46. Round One's overall GF Score™ is 42/100 with 6 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 Round One (RNDOF), the current Altman Z2-Score is 1.21 as of Jun. 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 Round One (RNDOF) Overvalued in 2026?

Based on GuruFocus' analysis, Round One stock appears to be overvalued. The current stock price of $7.00 is trading 809.1% above its estimated GF Value™ of $0.77. GuruFocus considers Round One to be Significantly Overvalued.

Key valuation signals for RNDOF:

  • Altman Z2-Score: 1.21 (28% below median its 10-year median of 1.67)
  • GF Value™: $0.77 vs. price of $7.00 (809.1% above fair value)
  • GF Score™: 42/100 with 6 warning signs
  • Industry Position: 50.8% below the Travel & Leisure median (#537 of 851)

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


Round One Business Description

Other Exchanges 4680:Japan
Address 5-60, Namba, Namba Skyo 23F, Chuo-ku, Osaka, JPN, 542-0076
Round One Corp engages is a Japanese company providing various leisure facilities. The firm principally engages in the management of indoor leisure facilities that mainly includes bowling, amusement activities, spotcher, airporin, spocha, shuttle bus, and karaoke. The company also has operations based in the United States.
42GF Score

Get the complete analysis for RNDOF

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

$7.00
Price
$0.77
GF Value