TPIHF (Transport International Holdings) Altman Z2-Score: 4.41 (As of Jul. 02, 2026) — 52% Above Median


TPIHF Transport International Holdings Ltd TPIHF
67 GF Score
Price $2.97
GF Value $2.95
! 5 Warning Signs
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What is Transport International Holdings Altman Z2-Score?

Transport International Holdings TPIHF 67 Altman Z2-Score is 4.41 as of Jul. 02, 2026, which is 52% above its 10-year median of 2.90. GuruFocus rates TPIHF with a GF Score™ of 67/100 and a GF Value™ of $2.95. The stock has 5 warning signs investors should review. Among 998 Transportation companies, Transport International Holdings ranks better than 68.74% 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.

Good Sign:

Transport International Holdings has a Altman Z2-Score of 4.41, 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.

The historical rank and industry rank for Transport International Holdings's Altman Z2-Score or its related term are showing as below:

TPIHF' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.25   Med: 2.9   Max: 4.42
Current: 4.41

During the past 13 years, Transport International Holdings's highest Altman Z2-Score was 4.42. The lowest was 2.25. And the median was 2.90.


Transport International Holdings  (OTCPK:TPIHF) 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.


Transport International Holdings Altman Z2-Score Related Terms


Transport International Holdings Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Transport International Holdings'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.

Transport International Holdings Altman Z2-Score Chart

Transport International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.75 4.05 4.08 4.42 4.41

Transport International Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 4.08 0.00 4.42 0.00 4.41

TPIHF vs UNP, CSX, NSC: Altman Z2-Score Comparison

For the Railroads subindustry, Transport International Holdings'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.


Transport International Holdings Altman Z2-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Transport International Holdings's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Transport International Holdings's Altman Z2-Score falls into.


TPIHF
67GF Score
Transport International Holdings Ltd TPIHF
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Transport International Holdings 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.

Transport International Holdings'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*-0.0591+3.26*0.5445+6.72*0.0236+1.05*2.7317
=4.41

* 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 Dec. 2025:
Total Assets was $3,015 Mil.
Total Current Assets was $374 Mil.
Total Current Liabilities was $552 Mil.
Retained Earnings was $1,642 Mil.
Pre-Tax Income was $63 Mil.
Interest Expense was $-8 Mil.
Total Liabilities was $808 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
=(373.868 - 551.912)/3015.102
=-0.0591

X2=Retained Earnings/Total Assets
=1641.681/3015.102
=0.5445

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(63.395 - -7.881)/3015.102
=0.0236

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(2207.126 - 0)/807.976
=2.7317

The zones of discrimination were as such:

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

Transport International Holdings has a Altman Z2-Score of 4.41 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.41 mean?
Transport International Holdings (TPIHF) has a Altman Z2-Score of 4.41 as of Jul. 02, 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 Transport International Holdings and its competitors. This is 52% above median its historical median of 2.90. Over the past decade, Transport International Holdings' Altman Z2-Score has ranged from 2.25 to 4.42. According to the industry distribution chart, Transport International Holdings ranks #312 out of 998 companies in the Transportation industry, placing it in the top 31.3%.
Is Transport International Holdings' Altman Z2-Score too high?
Transport International Holdings' current Altman Z2-Score of 4.41 is 52% above median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 4.42. The Transportation industry median Altman Z2-Score is 2.91. Transport International Holdings' value of 4.41 is 51.5% above this industry median. Based on the distribution chart, Transport International Holdings ranks #312 out of 998 companies in the Transportation industry, which is above the industry midpoint. Overall, Transport International Holdings has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Transport International Holdings' Altman Z2-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Transport International Holdings ranks #312 out of 998 companies for Altman Z2-Score. This puts Transport International Holdings in the upper half of its industry. The industry median Altman Z2-Score is 2.91. Transport International Holdings' value of 4.41 is 51.5% above this benchmark. Historically, Transport International Holdings' own Altman Z2-Score has ranged from 2.25 to 4.42 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 2.91, Transport International Holdings 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 Transportation company?
The median Altman Z2-Score among Transportation companies is 2.91, based on 998 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. Transport International Holdings's current Altman Z2-Score of 4.41 is 51.5% 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 Transport International Holdings and its competitors. For the Transportation industry, the median Altman Z2-Score is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transport International Holdings's current Altman Z2-Score is 4.41, which is 52% above median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transport International Holdings stock overvalued right now?
Transport International Holdings (TPIHF) has a current Altman Z2-Score of 4.41. The stock's GF Value™ is $2.95, compared to a current price of $2.97 — trading 0.7% above its estimated fair value. The current Altman Z2-Score is 4.41, which is 52% above median its 10-year median of 2.90 and 51.5% above the Transportation industry median of 2.91. Transport International Holdings' overall GF Score™ is 67/100 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 Transport International Holdings (TPIHF), the current Altman Z2-Score is 4.41 as of Jul. 02, 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 Transport International Holdings (TPIHF) Overvalued in 2026?

Based on GuruFocus' analysis, Transport International Holdings stock appears to be overvalued. The current stock price of $2.97 is trading 0.7% above its estimated GF Value™ of $2.95.

Key valuation signals for TPIHF:

  • Altman Z2-Score: 4.41 (52% above median its 10-year median of 2.90)
  • GF Value™: $2.95 vs. price of $2.97 (0.7% above fair value)
  • GF Score™: 67/100 with 5 warning signs
  • Industry Position: 51.5% above the Transportation median (#312 of 998)

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


Transport International Holdings Business Description

Other Exchanges 00062:Hong Kong
Address 9 Po Lun Street, 15th Floor, Lai Chi Kok, Kowloon, Hong Kong, HKG
Transport International Holdings Ltd is a public transportation company domiciled in the People's Republic of China. Its main segments include franchised bus operation and property holdings and development. The franchised bus operation segment, which generates the vast majority of revenue, provides franchised public bus services in Hong Kong. The property holdings and development segment develops and leases nonresidential properties for use as investment properties.
67GF Score

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$2.97
Price
$2.95
GF Value