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.
Trabzon Liman Isletmecili AS has a Altman Z-Score of 3.97, 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 Trabzon Liman Isletmecili AS's Altman Z-Score or its related term are showing as below:
Trabzon Liman Isletmecili AS (IST:TLMAN) 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.
* 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.
Trabzon Liman Isletmecili AS Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, Trabzon Liman Isletmecili AS'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.
Trabzon Liman Isletmecili AS Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Trabzon Liman Isletmecili AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Trabzon Liman Isletmecili AS's Altman Z-Score falls into.
Trabzon Liman Isletmecili AS 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.
* 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.
Trabzon Liman Isletmecili AS (IST:TLMAN) has a Altman Z-Score of 3.97 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Trabzon Liman Isletmecili AS and its competitors.
Is Trabzon Liman Isletmecili AS's Altman Z-Score too high?
Trabzon Liman Isletmecili AS's current Altman Z-Score is 3.97. The Transportation industry median Altman Z-Score is 2.27. Trabzon Liman Isletmecili AS's value of 3.97 is 74.9% above this industry median. Overall, Trabzon Liman Isletmecili AS has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Trabzon Liman Isletmecili AS's Altman Z-Score compare to competitors?
Trabzon Liman Isletmecili AS's Altman Z-Score of 3.97 can be compared against companies in the Transportation industry. The industry median Altman Z-Score is 2.27. Trabzon Liman Isletmecili AS's value of 3.97 is 74.9% above this benchmark. 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 992 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. Trabzon Liman Isletmecili AS's current Altman Z-Score of 3.97 is 74.9% 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 Trabzon Liman Isletmecili AS 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. Trabzon Liman Isletmecili AS's current Altman Z-Score is 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trabzon Liman Isletmecili AS stock overvalued right now?
Trabzon Liman Isletmecili AS (IST:TLMAN) has a current Altman Z-Score of 3.97. The current Altman Z-Score is 3.97 and 74.9% above the Transportation industry median of 2.27. Trabzon Liman Isletmecili AS's overall GF Score™ is 70/100. 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 Trabzon Liman Isletmecili AS (IST:TLMAN), the current Altman Z-Score is 3.97 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.
Trabzon Liman Isletmecili AS is a Turkey-based company engaged in the business of marine port services. The company operates the port of Trabzon. It offers cargo handling, warehousing, docking, pilotage and towage services and others.
70GF Score
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