UZX (Linkage Global) Altman Z2-Score: 6.23 (As of Jun. 24, 2026) — 24% Above Median


UZX Linkage Global Inc UZX
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What is Linkage Global Altman Z2-Score?

Linkage Global UZX -4.62% 13 Altman Z2-Score is 6.23 as of Jun. 24, 2026, which is 24% above its 10-year median of 5.04. GuruFocus rates UZX with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 1,122 Retail - Cyclical companies, Linkage Global ranks better than 78.43% 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:

Linkage Global has a Altman Z2-Score of 6.23, 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 Linkage Global's Altman Z2-Score or its related term are showing as below:

UZX' s Altman Z2-Score Range Over the Past 10 Years
Min: 3.41   Med: 5.04   Max: 6.23
Current: 6.23

During the past 5 years, Linkage Global's highest Altman Z2-Score was 6.23. The lowest was 3.41. And the median was 5.04.


Linkage Global  (NAS:UZX) 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.


Linkage Global Altman Z2-Score Related Terms


Linkage Global Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Linkage Global'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.

Linkage Global Altman Z2-Score Chart

Linkage Global Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z2-Score
3.41 5.04 3.81 5.71 6.23

Linkage Global Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only 3.81 0.00 5.71 0.00 6.23

UZX vs NHTC, AAQL, LITB: Altman Z2-Score Comparison

For the Internet Retail subindustry, Linkage Global'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.


Linkage Global Altman Z2-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Linkage Global's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Linkage Global's Altman Z2-Score falls into.


UZX
13GF Score
Linkage Global Inc UZX
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Linkage Global 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.

Linkage Global'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*0.7794+3.26*-0.2695+6.72*-0.212+1.05*3.2568
=6.23

* 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 Sep. 2025:
Total Assets was $21.35 Mil.
Total Current Assets was $20.72 Mil.
Total Current Liabilities was $4.08 Mil.
Retained Earnings was $-5.76 Mil.
Pre-Tax Income was $-6.97 Mil.
Interest Expense was $-2.44 Mil.
Total Liabilities was $5.02 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
=(20.723 - 4.082)/21.352
=0.7794

X2=Retained Earnings/Total Assets
=-5.755/21.352
=-0.2695

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-6.965 - -2.439)/21.352
=-0.212

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(16.336 - 0)/5.016
=3.2568

The zones of discrimination were as such:

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

Linkage Global has a Altman Z2-Score of 6.23 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 6.23 mean?
Linkage Global (UZX) has a Altman Z2-Score of 6.23 as of Jun. 24, 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 Linkage Global and its competitors. This is 24% above median its historical median of 5.04. Over the past decade, Linkage Global's Altman Z2-Score has ranged from 3.41 to 6.23. According to the industry distribution chart, Linkage Global ranks #242 out of 1122 companies in the Retail - Cyclical industry, placing it in the top 21.6%.
Is Linkage Global's Altman Z2-Score too high?
Linkage Global's current Altman Z2-Score of 6.23 is 24% above median its 10-year median of 5.04. Over the past 10 years, this metric has ranged from a low of 3.41 to a high of 6.23. The Retail - Cyclical industry median Altman Z2-Score is 2.96. Linkage Global's value of 6.23 is 110.8% above this industry median. Based on the distribution chart, Linkage Global ranks #242 out of 1122 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Linkage Global has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Linkage Global's Altman Z2-Score compare to NHTC and AAQL?
According to the Retail - Cyclical industry distribution chart, Linkage Global ranks #242 out of 1122 companies for Altman Z2-Score. This places Linkage Global in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.96. Linkage Global's value of 6.23 is 110.8% above this benchmark. Historically, Linkage Global's own Altman Z2-Score has ranged from 3.41 to 6.23 over the past decade. While the company's 10-year median is 5.04 vs. the industry median of 2.96, Linkage Global 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 - Cyclical company?
The median Altman Z2-Score among Retail - Cyclical companies is 2.96, based on 1,122 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. Linkage Global's current Altman Z2-Score of 6.23 is 110.8% 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 Linkage Global and its competitors. For the Retail - Cyclical industry, the median Altman Z2-Score is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linkage Global's current Altman Z2-Score is 6.23, which is 24% above median its own 10-year median of 5.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linkage Global stock overvalued right now?
Linkage Global (UZX) has a current Altman Z2-Score of 6.23. The current Altman Z2-Score is 6.23, which is 24% above median its 10-year median of 5.04 and 110.8% above the Retail - Cyclical industry median of 2.96. Linkage Global's overall GF Score™ is 13/100 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 Linkage Global (UZX), the current Altman Z2-Score is 6.23 as of Jun. 24, 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.

Linkage Global Business Description

Address 2-23-3 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0022
Linkage Global Inc is a cross-border e-commerce integrated service provider. It provides international e-commerce merchants, overseas brands, import and export trading enterprises, etc. with a globally selected supply chain, digital marketing, e-commerce training, international store, ERP and e-commerce software, social e-commerce and other e-commerce integrated services. The company has two operating segments: Extend from Japan, and Other Subsidiaries from Hong Kong. The company is Committed to building a one-stop cross-border integrated service platform to make cross-border trade easier. Company operates in Japan, Hong Kong and China, with maximum revenue from Japan.
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Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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