Toro EnergyTOEYF 22 Altman Z2-Score is -23.29 as of Jun. 26, 2026. GuruFocus rates TOEYF with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 2,618 Metals & Mining companies, Toro Energy ranks worse than 78.5% 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.
Warning Sign:
Toro Energy has a Altman Z2-Score of -23.29, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Toro Energy's Altman Z2-Score or its related term are showing as below:
TOEYF'
s Altman Z2-Score Range Over the Past 10 Years
Min: -58.16 Med: -18.44 Max: -1.84
Current: -23.27
During the past 13 years, Toro Energy's highest Altman Z2-Score was -1.84. The lowest was -58.16. And the median was -18.44.
Toro Energy (OTCPK:TOEYF) 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.
Altman Z2-Score does not apply to financial companies.
Toro Energy Altman Z2-Score Related Terms
Toro Energy Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Toro Energy'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.
For the Other Industrial Metals & Mining subindustry, Toro Energy'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.
Toro Energy Altman Z2-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Toro Energy's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Toro Energy's Altman Z2-Score falls into.
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.
Toro Energy'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
*
0.2714
+
3.26
*
-15.0793
+
6.72
*
-0.4319
+
1.05
*
25.7059
=
-23.29
* 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.
Toro Energy (TOEYF) has a Altman Z2-Score of -23.29 as of Jun. 26, 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 Toro Energy and its competitors. According to the industry distribution chart, Toro Energy ranks #2055 out of 2618 companies in the Metals & Mining industry, placing it in the top 78.5%.
Is Toro Energy's Altman Z2-Score too high?
Toro Energy's current Altman Z2-Score is -23.29. Based on the distribution chart, Toro Energy ranks #2055 out of 2618 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Toro Energy has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Toro Energy's Altman Z2-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Toro Energy ranks #2055 out of 2618 companies for Altman Z2-Score. This places Toro Energy in the lower half of its industry. The industry median Altman Z2-Score is 2.14. 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 Metals & Mining company?
The median Altman Z2-Score among Metals & Mining companies is 2.14, based on 2,618 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. 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 Toro Energy and its competitors. For the Metals & Mining industry, the median Altman Z2-Score is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toro Energy's current Altman Z2-Score is -23.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toro Energy stock overvalued right now?
Toro Energy (TOEYF) has a current Altman Z2-Score of -23.29. The current Altman Z2-Score is -23.29. Toro Energy's overall GF Score™ is 22/100 with 1 warning sign 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 Toro Energy (TOEYF), the current Altman Z2-Score is -23.29 as of Jun. 26, 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.
Toro Energy Ltd is a uranium development and exploration company with projects in Western Australia. Its operating areas are Evaluation and Exploration. The company's Wiluna Uranium Project comprises of Centipede, Millipede, Lake Maitland, and Lake Way deposits, Dawson Hinkler and Nowthann, Thesues project, and other projects.
22GF Score
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