Transport Trade Services (BSE:TTS) Altman Z-Score: 2.87 (As of Jul. 01, 2026) — 31% Below Median


BSE:TTS Transport Trade Services BSE:TTS
85 GF Score
Price lei5.84
GF Value lei5.03
Valuation Modestly Overvalued
! 13 Warning Signs
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What is Transport Trade Services Altman Z-Score?

Transport Trade Services BSE:TTS +0.69% 85 Altman Z-Score is 2.87 as of Jul. 01, 2026, which is 31% below its 10-year median of 4.16. GuruFocus rates BSE:TTS with a GF Score™ of 85/100 and a GF Value™ of lei5.03 (Modestly Overvalued). The stock has 13 warning signs investors should review. Among 993 Transportation companies, Transport Trade Services ranks better than 63.24% 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.

Warning Sign:

Altman Z-score of 2.86 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Transport Trade Services has a Altman Z-Score of 2.87, indicating it is in Grey Zones. This implies that Transport Trade Services is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Transport Trade Services's Altman Z-Score or its related term are showing as below:

BSE:TTS' s Altman Z-Score Range Over the Past 10 Years
Min: 2.46   Med: 4.16   Max: 6.49
Current: 2.86

During the past 6 years, Transport Trade Services's highest Altman Z-Score was 6.49. The lowest was 2.46. And the median was 4.16.


Transport Trade Services  (BSE:TTS) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Transport Trade Services Altman Z-Score Related Terms


Transport Trade Services Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Transport Trade Services'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.

Transport Trade Services Altman Z-Score Chart

Transport Trade Services Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 4.64 4.56 6.43 3.54 2.81

Transport Trade Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 2.65 2.46 2.75 2.81 2.62

BSE:TTS vs UPS, FDX, JBHT: Altman Z-Score Comparison

For the Integrated Freight & Logistics subindustry, Transport Trade Services'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.


Transport Trade Services Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Transport Trade Services's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Transport Trade Services's Altman Z-Score falls into.


BSE:TTS
85GF Score
Transport Trade Services BSE:TTS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Transport Trade Services Altman Z-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.

Transport Trade Services'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*0.0659+1.4*0.2371+3.3*0.0137+0.6*3.2166+1.0*0.4836
=2.87

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was lei1,341.6 Mil.
Total Current Assets was lei211.7 Mil.
Total Current Liabilities was lei123.3 Mil.
Retained Earnings was lei318.1 Mil.
Pre-Tax Income was -0.614 + -4.336 + 17.187 + -2.577 = lei9.7 Mil.
Interest Expense was -2.458 + -1.305 + -2.515 + -2.408 = lei-8.7 Mil.
Revenue was 158.02 + 164.934 + 166.522 + 159.336 = lei648.8 Mil.
Market Cap (Today) was lei1,051.2 Mil.
Total Liabilities was lei326.8 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
=(211.682 - 123.325)/1341.582
=0.0659

X2=Retained Earnings/Total Assets
=318.084/1341.582
=0.2371

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(9.66 - -8.686)/1341.582
=0.0137

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1051.200/326.8
=3.2166

X5=Revenue/Total Assets
=648.812/1341.582
=0.4836

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Transport Trade Services has a Altman Z-Score of 2.87 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.87 mean?
Transport Trade Services (BSE:TTS) has a Altman Z-Score of 2.87 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Transport Trade Services and its competitors. This is 31% below median its historical median of 4.16. Over the past decade, Transport Trade Services' Altman Z-Score has ranged from 2.46 to 6.49. According to the industry distribution chart, Transport Trade Services ranks #365 out of 993 companies in the Transportation industry, placing it in the top 36.8%.
Is Transport Trade Services' Altman Z-Score too high?
Transport Trade Services' current Altman Z-Score of 2.87 is 31% below median its 10-year median of 4.16. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 6.49. The Transportation industry median Altman Z-Score is 2.27. Transport Trade Services' value of 2.87 is 26.4% above this industry median. Based on the distribution chart, Transport Trade Services ranks #365 out of 993 companies in the Transportation industry, which is above the industry midpoint. Overall, Transport Trade Services has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Transport Trade Services' Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Transport Trade Services ranks #365 out of 993 companies for Altman Z-Score. This puts Transport Trade Services in the upper half of its industry. The industry median Altman Z-Score is 2.27. Transport Trade Services' value of 2.87 is 26.4% above this benchmark. Historically, Transport Trade Services' own Altman Z-Score has ranged from 2.46 to 6.49 over the past decade. While the company's 10-year median is 4.16 vs. the industry median of 2.27, Transport Trade Services 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 993 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. Transport Trade Services's current Altman Z-Score of 2.87 is 26.4% 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 Transport Trade Services and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transport Trade Services's current Altman Z-Score is 2.87, which is 31% below median its own 10-year median of 4.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transport Trade Services stock overvalued right now?
Based on GuruFocus' analysis, Transport Trade Services (BSE:TTS) is currently considered Modestly Overvalued. The stock's GF Value™ is lei5.03, compared to a current price of lei5.84 — trading 16.1% above its estimated fair value. The current Altman Z-Score is 2.87, which is 31% below median its 10-year median of 4.16 and 26.4% above the Transportation industry median of 2.27. Transport Trade Services' overall GF Score™ is 85/100 with 13 warning signs 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 Transport Trade Services (BSE:TTS), the current Altman Z-Score is 2.87 as of Jul. 01, 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 Trade Services (BSE:TTS) Overvalued in 2026?

Based on GuruFocus' analysis, Transport Trade Services stock appears to be overvalued. The current stock price of lei5.84 is trading 16.1% above its estimated GF Value™ of lei5.03. GuruFocus considers Transport Trade Services to be Modestly Overvalued.

Key valuation signals for BSE:TTS:

  • Altman Z-Score: 2.87 (31% below median its 10-year median of 4.16)
  • GF Value™: lei5.03 vs. price of lei5.84 (16.1% above fair value)
  • GF Score™: 85/100 with 13 warning signs
  • Industry Position: 26.4% above the Transportation median (#365 of 993)

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


Transport Trade Services Business Description

Address 27, Vaselor Street, sector 2, Bucharest, ROU, 021253
Transport Trade Services is engaged in the provision of transport services. The company operates as a sender of goods in domestic and international transport, on interior riverways, offering integrated/modular transport services. The main freight transported and operated in the ports by the company are mineral products (raw materials for the steel industry and rolled products), agricultural products (cereals, oilseeds and feed) and chemical products (phosphate rock and finished products of the chemical fertilizer industry). It operates in three main business segments: Forwarding, River Transport, Port Operationsa and Others. The majority of the company's revenue is derived from the Forwarding segment.
85GF Score

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