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:
Tianjin Capital Environmental Protection Group Co has a Altman Z2-Score of 3.60, 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.
Tianjin Capital Environmental Protection Group Co (OTCPK:TNJIF) 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.
Tianjin Capital Environmental Protection Group Co Altman Z2-Score Chart
Tianjin Capital Environmental Protection Group Co Annual Data
* 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.
Tianjin Capital Environmental Protection Group Co Altman Z2-Score vs Waste Management Industry
Tianjin Capital Environmental Protection Group Co 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.
Tianjin Capital Environmental Protection Group Co (TNJIF) has a Altman Z2-Score of 3.60 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 Tianjin Capital Environmental Protection Group Co and its competitors. This is 42% above median its historical median of 2.53. Over the past decade, Tianjin Capital Environmental Protection Group Co's Altman Z2-Score has ranged from 1.78 to 3.61. According to the industry distribution chart, Tianjin Capital Environmental Protection Group Co ranks #89 out of 246 companies in the Waste Management industry, placing it in the top 36.2%.
Is Tianjin Capital Environmental Protection Group Co's Altman Z2-Score too high?
Tianjin Capital Environmental Protection Group Co's current Altman Z2-Score of 3.60 is 42% above median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 3.61. The Waste Management industry median Altman Z2-Score is 2.19. Tianjin Capital Environmental Protection Group Co's value of 3.60 is 64.4% above this industry median. Based on the distribution chart, Tianjin Capital Environmental Protection Group Co ranks #89 out of 246 companies in the Waste Management industry, which is above the industry midpoint. Overall, Tianjin Capital Environmental Protection Group Co has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Tianjin Capital Environmental Protection Group Co's Altman Z2-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Tianjin Capital Environmental Protection Group Co ranks #89 out of 246 companies for Altman Z2-Score. This puts Tianjin Capital Environmental Protection Group Co in the upper half of its industry. The industry median Altman Z2-Score is 2.19. Tianjin Capital Environmental Protection Group Co's value of 3.60 is 64.4% above this benchmark. Historically, Tianjin Capital Environmental Protection Group Co's own Altman Z2-Score has ranged from 1.78 to 3.61 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 2.19, Tianjin Capital Environmental Protection Group Co 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 Waste Management company?
The median Altman Z2-Score among Waste Management companies is 2.19, based on 246 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. Tianjin Capital Environmental Protection Group Co's current Altman Z2-Score of 3.60 is 64.4% 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 Tianjin Capital Environmental Protection Group Co and its competitors. For the Waste Management industry, the median Altman Z2-Score is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianjin Capital Environmental Protection Group Co's current Altman Z2-Score is 3.60, which is 42% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianjin Capital Environmental Protection Group Co stock overvalued right now?
Tianjin Capital Environmental Protection Group Co (TNJIF) has a current Altman Z2-Score of 3.60. The stock's GF Value™ is $0.51, compared to a current price of $0.46 — trading 8.9% below its estimated fair value. The current Altman Z2-Score is 3.60, which is 42% above median its 10-year median of 2.53 and 64.4% above the Waste Management industry median of 2.19. Tianjin Capital Environmental Protection Group Co's overall GF Score™ is 83/100 with 5 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 Tianjin Capital Environmental Protection Group Co (TNJIF), the current Altman Z2-Score is 3.60 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 Tianjin Capital Environmental Protection Group Co (TNJIF) Overvalued in 2026?
Based on GuruFocus' analysis, Tianjin Capital Environmental Protection Group Co stock appears to be undervalued.
The current stock price of $0.46 is trading 8.9% below its estimated GF Value™ of $0.51.
Key valuation signals for TNJIF:
Altman Z2-Score: 3.60 (42% above median its 10-year median of 2.53)
GF Value™: $0.51 vs. price of $0.46 (8.9% below fair value)
Industry Position: 64.4% above the Waste Management median (#89 of 246)
No single metric tells the full story. See the TNJIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianjin Capital Environmental Protection Group Co Business Description
Tianjin Capital Environmental Protection Group Co Ltd is a Chinese company engaged in water utility business, new energy cooling and heating supply business. It provides sewage water treatment, construction and management of related facility, the supply of tap water, and recycled water. The company also provides a heating and cooling supply service, which includes design, construction, operations, transfer of centralized heating and cooling infrastructures, and provision of heating and cooling services. The company has following segments: Sewage processing and sewage treatment plant construction, Sewage processing, Reclaimed water and pipeline connection, Heating and cooling supply services, Tap water and water plant facilities construction, environmental protection equipment, and others.
83GF Score
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