Top Wealth Group HoldingTWG 21 Altman Z2-Score is 22.30 as of Jun. 29, 2026, which is 70% above its 10-year median of 13.08. GuruFocus rates TWG with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 304 Retail - Defensive companies, Top Wealth Group Holding ranks better than 96.05% 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:
Top Wealth Group Holding has a Altman Z2-Score of 22.30, 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 Top Wealth Group Holding's Altman Z2-Score or its related term are showing as below:
TWG'
s Altman Z2-Score Range Over the Past 10 Years
Min: -3.5 Med: 13.08 Max: 22.3
Current: 22.3
During the past 5 years, Top Wealth Group Holding's highest Altman Z2-Score was 22.30. The lowest was -3.50. And the median was 13.08.
Top Wealth Group Holding (NAS:TWG) 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.
TWG vs HCIL, DIT, IVFH: Altman Z2-Score Comparison
For the Food Distribution subindustry, Top Wealth Group Holding'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.
Top Wealth Group Holding Altman Z2-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Top Wealth Group Holding's Altman Z2-Score falls into.
Top Wealth Group Holding 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.
Top Wealth Group Holding (TWG) has a Altman Z2-Score of 22.30 as of Jun. 29, 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 Top Wealth Group Holding and its competitors. This is 70% above median its historical median of 13.08. According to the industry distribution chart, Top Wealth Group Holding ranks #12 out of 304 companies in the Retail - Defensive industry, placing it in the top 3.9%.
Is Top Wealth Group Holding's Altman Z2-Score too high?
Top Wealth Group Holding's current Altman Z2-Score of 22.30 is 70% above median its 10-year median of 13.08. The Retail - Defensive industry median Altman Z2-Score is 2.68. Top Wealth Group Holding's value of 22.30 is 732.1% above this industry median. Based on the distribution chart, Top Wealth Group Holding ranks #12 out of 304 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Top Wealth Group Holding has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Top Wealth Group Holding's Altman Z2-Score compare to HCIL and DIT?
According to the Retail - Defensive industry distribution chart, Top Wealth Group Holding ranks #12 out of 304 companies for Altman Z2-Score. This places Top Wealth Group Holding in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.68. Top Wealth Group Holding's value of 22.30 is 732.1% above this benchmark. While the company's 10-year median is 13.08 vs. the industry median of 2.68, Top Wealth Group Holding 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 Retail - Defensive company?
The median Altman Z2-Score among Retail - Defensive companies is 2.68, based on 304 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. Top Wealth Group Holding's current Altman Z2-Score of 22.30 is 732.1% 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 Top Wealth Group Holding and its competitors. For the Retail - Defensive industry, the median Altman Z2-Score is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Wealth Group Holding's current Altman Z2-Score is 22.30, which is 70% above median its own 10-year median of 13.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Wealth Group Holding stock overvalued right now?
Top Wealth Group Holding (TWG) has a current Altman Z2-Score of 22.30. The current Altman Z2-Score is 22.30, which is 70% above median its 10-year median of 13.08 and 732.1% above the Retail - Defensive industry median of 2.68. Top Wealth Group Holding's overall GF Score™ is 21/100 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 Top Wealth Group Holding (TWG), the current Altman Z2-Score is 22.30 as of Jun. 29, 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.
Top Wealth Group Holding Ltd is engaged in the supply of caviar and caviar-based gourmet products. The company specializes in high-quality sturgeon caviar and related gourmet food offerings.
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