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TBO TekNSE:TBOTEK +3.82%47 Altman Z-Score is 2.09 as of Sep. 21, 2026, which is 18% below its 10-year median of 2.54. GuruFocus rates NSE:TBOTEK with a GF Score™ of 47/100. The stock has 6 warning signs investors should review. Among 829 Travel & Leisure companies, TBO Tek ranks better than 52.11% 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 2.07 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.
TBO Tek has a Altman Z-Score of 2.09, indicating it is in Grey Zones. This implies that TBO Tek 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 TBO Tek's Altman Z-Score or its related term are showing as below:
NSE:TBOTEK'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.51 Med: 2.54 Max: 3.51
Current: 2.07
During the past 8 years, TBO Tek's highest Altman Z-Score was 3.51. The lowest was 1.51. And the median was 2.54.
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.
TBO Tek Altman Z-Score Related Terms
TBO Tek Altman Z-Score Historical Data
* Premium members only.
The historical data trend for TBO Tek'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.
NSE:TBOTEK vs BKNG, ABNB, RCL: Altman Z-Score Comparison
For the Travel Services subindustry, TBO Tek'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.
TBO Tek Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, TBO Tek's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where TBO Tek'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.
TBO Tek'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
*
0.0599
+
1.4
*
0.101
+
3.3
*
0.0402
+
0.6
*
2.3545
+
1.0
*
0.3322
=
2.09
* 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.
TBO Tek (NSE:TBOTEK) has a Altman Z-Score of 2.09 as of Sep. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on TBO Tek and its competitors. This is 18% below median its historical median of 2.54. Over the past decade, TBO Tek's Altman Z-Score has ranged from 1.51 to 3.51. According to the industry distribution chart, TBO Tek ranks #397 out of 829 companies in the Travel & Leisure industry, placing it in the top 47.9%.
Is TBO Tek's Altman Z-Score too high?
TBO Tek's current Altman Z-Score of 2.09 is 18% below median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 3.51. The Travel & Leisure industry median Altman Z-Score is 1.97. TBO Tek's value of 2.09 is 6.1% above this industry median. Based on the distribution chart, TBO Tek ranks #397 out of 829 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, TBO Tek has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does TBO Tek's Altman Z-Score compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, TBO Tek ranks #397 out of 829 companies for Altman Z-Score. This puts TBO Tek in the upper half of its industry. The industry median Altman Z-Score is 1.97. TBO Tek's value of 2.09 is 6.1% above this benchmark. Historically, TBO Tek's own Altman Z-Score has ranged from 1.51 to 3.51 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 1.97, TBO Tek 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.97, based on 829 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. TBO Tek's current Altman Z-Score of 2.09 is 6.1% 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 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 TBO Tek and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TBO Tek's current Altman Z-Score is 2.09, which is 18% below median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TBO Tek stock overvalued right now?
TBO Tek (NSE:TBOTEK) has a current Altman Z-Score of 2.09. The current Altman Z-Score is 2.09, which is 18% below median its 10-year median of 2.54 and 6.1% above the Travel & Leisure industry median of 1.97. TBO Tek's overall GF Score™ is 47/100 with 6 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 TBO Tek (NSE:TBOTEK), the current Altman Z-Score is 2.09 as of Sep. 21, 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.
TBO Tek Ltd is a travel distribution platform. It is engaged in the business of operating an online technology platform (TBO Portal) providing its customers access to book international travel inventory aggregated through travel suppliers like airlines, hotels, cruises, car rentals, transfers, and rail services among others. Its customers include retail and API buyers such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. The company's business activities fall within two primary business segments; Air ticketing which generates maximum revenue, and Hotels and packages. Geographically, it derives maximum revenue from India and also has its presence outside India.
47GF Score
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