TCI ExpressNSE:TCIEXP -0.66%72 Altman Z-Score is 7.59 as of Jul. 02, 2026, which is 58% below its 10-year median of 17.93. GuruFocus rates NSE:TCIEXP with a GF Score™ of 72/100 and a GF Value™ of ₹910.98 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 994 Transportation companies, TCI Express ranks better than 92.66% 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 7.88 is strong.
TCI Express has a Altman Z-Score of 7.59, 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 TCI Express's Altman Z-Score or its related term are showing as below:
NSE:TCIEXP'
s Altman Z-Score Range Over the Past 10 Years
Min: 7.06 Med: 17.93 Max: 35.59
Current: 7.88
During the past 12 years, TCI Express's highest Altman Z-Score was 35.59. The lowest was 7.06. And the median was 17.93.
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.
TCI Express Altman Z-Score Related Terms
TCI Express Altman Z-Score Historical Data
* Premium members only.
The historical data trend for TCI Express'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:TCIEXP vs UPS, FDX, JBHT: Altman Z-Score Comparison
For the Integrated Freight & Logistics subindustry, TCI Express'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.
TCI Express Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, TCI Express's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where TCI Express'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.
TCI Express'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
*
0.2786
+
1.4
*
0
+
3.3
*
0.1098
+
0.6
*
9.4802
+
1.0
*
1.2075
=
7.59
* 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.
TCI Express (NSE:TCIEXP) has a Altman Z-Score of 7.59 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on TCI Express and its competitors. This is 58% below median its historical median of 17.93. Over the past decade, TCI Express' Altman Z-Score has ranged from 7.06 to 35.59. According to the industry distribution chart, TCI Express ranks #73 out of 994 companies in the Transportation industry, placing it in the top 7.3%.
Is TCI Express' Altman Z-Score too high?
TCI Express' current Altman Z-Score of 7.59 is 58% below median its 10-year median of 17.93. Over the past 10 years, this metric has ranged from a low of 7.06 to a high of 35.59. The Transportation industry median Altman Z-Score is 2.27. TCI Express' value of 7.59 is 234.4% above this industry median. Based on the distribution chart, TCI Express ranks #73 out of 994 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, TCI Express has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TCI Express' Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, TCI Express ranks #73 out of 994 companies for Altman Z-Score. This places TCI Express in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.27. TCI Express' value of 7.59 is 234.4% above this benchmark. Historically, TCI Express' own Altman Z-Score has ranged from 7.06 to 35.59 over the past decade. While the company's 10-year median is 17.93 vs. the industry median of 2.27, TCI Express 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 994 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. TCI Express's current Altman Z-Score of 7.59 is 234.4% 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 TCI Express 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. TCI Express's current Altman Z-Score is 7.59, which is 58% below median its own 10-year median of 17.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCI Express stock overvalued right now?
Based on GuruFocus' analysis, TCI Express (NSE:TCIEXP) is currently considered Possible Value Trap. The stock's GF Value™ is ₹910.98, compared to a current price of ₹509.05 — trading 44.1% below its estimated fair value. The current Altman Z-Score is 7.59, which is 58% below median its 10-year median of 17.93 and 234.4% above the Transportation industry median of 2.27. TCI Express' overall GF Score™ is 72/100 with 7 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 TCI Express (NSE:TCIEXP), the current Altman Z-Score is 7.59 as of Jul. 02, 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 TCI Express (NSE:TCIEXP) Overvalued in 2026?
Based on GuruFocus' analysis, TCI Express stock appears to be undervalued.
The current stock price of ₹509.05 is trading 44.1% below its estimated GF Value™ of ₹910.98.
GuruFocus considers TCI Express to be Possible Value Trap.
Key valuation signals for NSE:TCIEXP:
Altman Z-Score: 7.59 (58% below median its 10-year median of 17.93)
GF Value™: ₹910.98 vs. price of ₹509.05 (44.1% below fair value)
Industry Position: 234.4% above the Transportation median (#73 of 994)
No single metric tells the full story. See the NSE:TCIEXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TCI Express Ltd is a courier service company. The company provides surface express, domestic air express, international air express, e-commerce express, and others. It serves industries such as automobiles, retail, telecom, pharmaceuticals, and e-commerce. The company's only reportable segment being Express Cargo.
72GF Score
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