Technology OneASX:TNE +2.45%100 Altman Z-Score is 14.10 as of Jun. 24, 2026, which is 17% above its 10-year median of 12.08. GuruFocus rates ASX:TNE with a GF Score™ of 100/100 and a GF Value™ of A$30.00 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,763 Software companies, Technology One ranks better than 92.83% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 15.1 is strong.
Technology One has a Altman Z-Score of 14.10, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Technology One's Altman Z-Score or its related term are showing as below:
ASX:TNE'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.19 Med: 12.08 Max: 18.89
Current: 15.1
During the past 13 years, Technology One's highest Altman Z-Score was 18.89. The lowest was 8.19. And the median was 12.08.
Technology One (ASX:TNE) Altman Z-Score Explanation
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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Technology One Altman Z-Score Related Terms
Technology One Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Technology One's Altman Z-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.
ASX:TNE vs CRM, SHOP, UBER: Altman Z-Score Comparison
For the Software - Application subindustry, Technology One's Altman Z-Score, along with its competitors' market caps and Altman Z-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.
Technology One Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Technology One's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Technology One's Altman Z-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.
Technology One's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.0604
+
1.4
*
0.2261
+
3.3
*
0.2076
+
0.6
*
20.5987
+
1.0
*
0.6714
=
14.10
* 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 Z-Score when X4 or X5 value is 0.
Technology One (ASX:TNE) has a Altman Z-Score of 14.10 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Technology One and its competitors. This is 17% above median its historical median of 12.08. Over the past decade, Technology One's Altman Z-Score has ranged from 8.19 to 18.89. According to the industry distribution chart, Technology One ranks #198 out of 2763 companies in the Software industry, placing it in the top 7.2%.
Is Technology One's Altman Z-Score too high?
Technology One's current Altman Z-Score of 14.10 is 17% above median its 10-year median of 12.08. Over the past 10 years, this metric has ranged from a low of 8.19 to a high of 18.89. The Software industry median Altman Z-Score is 3.13. Technology One's value of 14.10 is 350.5% above this industry median. Based on the distribution chart, Technology One ranks #198 out of 2763 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Technology One has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technology One's Altman Z-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Technology One ranks #198 out of 2763 companies for Altman Z-Score. This places Technology One in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.13. Technology One's value of 14.10 is 350.5% above this benchmark. Historically, Technology One's own Altman Z-Score has ranged from 8.19 to 18.89 over the past decade. While the company's 10-year median is 12.08 vs. the industry median of 3.13, Technology One 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 Z-Score for a Software company?
The median Altman Z-Score among Software companies is 3.13, based on 2,763 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Technology One's current Altman Z-Score of 14.10 is 350.5% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Technology One and its competitors. For the Software industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Technology One's current Altman Z-Score is 14.10, which is 17% above median its own 10-year median of 12.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology One stock overvalued right now?
Based on GuruFocus' analysis, Technology One (ASX:TNE) is currently considered Fairly Valued. The stock's GF Value™ is A$30.00, compared to a current price of A$28.41 — trading 5.3% below its estimated fair value. The current Altman Z-Score is 14.10, which is 17% above median its 10-year median of 12.08 and 350.5% above the Software industry median of 3.13. Technology One's overall GF Score™ is 100/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Technology One (ASX:TNE), the current Altman Z-Score is 14.10 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.
Is Technology One (ASX:TNE) Overvalued in 2026?
Based on GuruFocus' analysis, Technology One stock appears to be undervalued.
The current stock price of A$28.41 is trading 5.3% below its estimated GF Value™ of A$30.00.
GuruFocus considers Technology One to be Fairly Valued.
Key valuation signals for ASX:TNE:
Altman Z-Score: 14.10 (17% above median its 10-year median of 12.08)
GF Value™: A$30.00 vs. price of A$28.41 (5.3% below fair value)
Industry Position: 350.5% above the Software median (#198 of 2763)
No single metric tells the full story. See the ASX:TNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technology One is a technology company providing enterprise resource planning software, primarily to governmental organizations, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
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