GNI GroupTSE:2160 +0.07%82 Altman Z2-Score is 3.60 as of Jul. 03, 2026, which is 21% below its 10-year median of 4.56. GuruFocus rates TSE:2160 with a GF Score™ of 82/100 and a GF Value™ of 円2,781.43 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,394 Biotechnology companies, GNI Group ranks better than 67.22% 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:
GNI Group 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.
The historical rank and industry rank for GNI Group's Altman Z2-Score or its related term are showing as below:
TSE:2160'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.45 Med: 4.56 Max: 6.99
Current: 3.6
During the past 13 years, GNI Group's highest Altman Z2-Score was 6.99. The lowest was -0.45. And the median was 4.56.
GNI Group (TSE:2160) 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.
GNI Group Altman Z2-Score Related Terms
GNI Group Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for GNI Group'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.
TSE:2160 vs VRTX, REGN, ALNY: Altman Z2-Score Comparison
For the Biotechnology subindustry, GNI Group'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.
GNI Group Altman Z2-Score vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, GNI Group's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where GNI Group'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.
GNI Group'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
*
0.3413
+
3.26
*
0.0426
+
6.72
*
-0.0614
+
1.05
*
1.5597
=
3.60
* 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.
GNI Group (TSE:2160) has a Altman Z2-Score of 3.60 as of Jul. 03, 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 GNI Group and its competitors. This is 21% below median its historical median of 4.56. According to the industry distribution chart, GNI Group ranks #457 out of 1394 companies in the Biotechnology industry, placing it in the top 32.8%.
Is GNI Group's Altman Z2-Score too high?
GNI Group's current Altman Z2-Score of 3.60 is 21% below median its 10-year median of 4.56. Based on the distribution chart, GNI Group ranks #457 out of 1394 companies in the Biotechnology industry, which is above the industry midpoint. Overall, GNI Group has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GNI Group's Altman Z2-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, GNI Group ranks #457 out of 1394 companies for Altman Z2-Score. This puts GNI Group in the upper half of its industry. 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 Biotechnology company?
A good Altman Z2-Score depends on the Biotechnology industry context. 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 GNI Group and its competitors. GNI Group's current Altman Z2-Score is 3.60, which is 21% below median its own 10-year median of 4.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GNI Group stock overvalued right now?
Based on GuruFocus' analysis, GNI Group (TSE:2160) is currently considered Fairly Valued. The stock's GF Value™ is 円2,781.43, compared to a current price of 円2,858.00 — trading 2.8% above its estimated fair value. The current Altman Z2-Score is 3.60, which is 21% below median its 10-year median of 4.56. GNI Group's overall GF Score™ is 82/100 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 GNI Group (TSE:2160), the current Altman Z2-Score is 3.60 as of Jul. 03, 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 GNI Group (TSE:2160) Overvalued in 2026?
Based on GuruFocus' analysis, GNI Group stock appears to be overvalued.
The current stock price of 円2,858.00 is trading 2.8% above its estimated GF Value™ of 円2,781.43.
GuruFocus considers GNI Group to be Fairly Valued.
Key valuation signals for TSE:2160:
Altman Z2-Score: 3.60 (21% below median its 10-year median of 4.56)
GF Value™: 円2,781.43 vs. price of 円2,858.00 (2.8% above fair value)
No single metric tells the full story. See the TSE:2160 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GNI Group Ltd is a clinical stage drug development company. It works on the treatment of diseases that are more common in Asia, especially Japan and China. It is engaged in the discovery, development, manufacture, and sale of drugs for the treatment of cancer and inflammatory diseases.
82GF Score
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