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Tenneco Clean Air IndiaNSE:TENNIND -0.63%19 Altman Z-Score is 13.53 as of Jul. 19, 2026, which is 6% above its 10-year median of 12.82. GuruFocus rates NSE:TENNIND with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Tenneco Clean Air India ranks better than 96.73% 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 13.53 is strong.
Tenneco Clean Air India has a Altman Z-Score of 13.53, 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 Tenneco Clean Air India's Altman Z-Score or its related term are showing as below:
NSE:TENNIND'
s Altman Z-Score Range Over the Past 10 Years
Min: 12.82 Med: 12.82 Max: 13.53
Current: 13.53
During the past 4 years, Tenneco Clean Air India's highest Altman Z-Score was 13.53. The lowest was 12.82. And the median was 12.82.
Tenneco Clean Air India (NSE:TENNIND) 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.
NSE:TENNIND vs ORLY, AZO: Altman Z-Score Comparison
For the Auto Parts subindustry, Tenneco Clean Air India'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.
Tenneco Clean Air India Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tenneco Clean Air India's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tenneco Clean Air India's Altman Z-Score falls into.
Tenneco Clean Air India 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.
Tenneco Clean Air India (NSE:TENNIND) has a Altman Z-Score of 13.53 as of Jul. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tenneco Clean Air India and its competitors. This is near median its historical median of 12.82. Over the past decade, Tenneco Clean Air India's Altman Z-Score has ranged from 12.82 to 13.53. According to the industry distribution chart, Tenneco Clean Air India ranks #43 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 3.3%.
Is Tenneco Clean Air India's Altman Z-Score too high?
Tenneco Clean Air India's current Altman Z-Score of 13.53 is near median its 10-year median of 12.82. Over the past 10 years, this metric has ranged from a low of 12.82 to a high of 13.53. The Vehicles & Parts industry median Altman Z-Score is 2.56. Tenneco Clean Air India's value of 13.53 is 428.5% above this industry median. Based on the distribution chart, Tenneco Clean Air India ranks #43 out of 1313 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Tenneco Clean Air India has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Tenneco Clean Air India's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Tenneco Clean Air India ranks #43 out of 1313 companies for Altman Z-Score. This places Tenneco Clean Air India in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.56. Tenneco Clean Air India's value of 13.53 is 428.5% above this benchmark. Historically, Tenneco Clean Air India's own Altman Z-Score has ranged from 12.82 to 13.53 over the past decade. While the company's 10-year median is 12.82 vs. the industry median of 2.56, Tenneco Clean Air India 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.56, based on 1,313 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. Tenneco Clean Air India's current Altman Z-Score of 13.53 is 428.5% 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 Tenneco Clean Air India and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenneco Clean Air India's current Altman Z-Score is 13.53, which is near median its own 10-year median of 12.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenneco Clean Air India stock overvalued right now?
Tenneco Clean Air India (NSE:TENNIND) has a current Altman Z-Score of 13.53. The current Altman Z-Score is 13.53, which is near median its 10-year median of 12.82 and 428.5% above the Vehicles & Parts industry median of 2.56. Tenneco Clean Air India's overall GF Score™ is 19/100 with 2 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 Tenneco Clean Air India (NSE:TENNIND), the current Altman Z-Score is 13.53 as of Jul. 19, 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.
Tenneco Clean Air India Ltd manufactures and supplies critical, engineered and technology intensive clean air, powertrain and suspension solutions tailored for Indian OEMs and export markets. Its products are used in: (i) passenger vehicles, (ii) commercial vehicles, which comprises commercial trucks and off-highway vehicles, and (iii) industrial and other applications, which comprises generator sets, and small commercial vehicles. The company operates in two business divisions: Clean Air & Powertrain Solutions and Advanced Ride Technologies. It derives a majority portion of its revenue from the design, manufacture and sale of components and solutions to the Medium & Heavy Commercial Vehicles OEMs.
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