TCM Group ASOCSE:TCM -0.58%87 Altman Z-Score is 2.31 as of Jun. 29, 2026, which is 18% below its 10-year median of 2.80. GuruFocus rates OCSE:TCM with a GF Score™ of 87/100 and a GF Value™ of kr73.39 (Fairly Valued). The stock has 4 warning signs investors should review. Among 425 Furnishings, Fixtures & Appliances companies, TCM Group AS ranks worse than 61.41% 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 2.31 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.
TCM Group AS has a Altman Z-Score of 2.31, indicating it is in Grey Zones. This implies that TCM Group AS 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 TCM Group AS's Altman Z-Score or its related term are showing as below:
OCSE:TCM'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.83 Med: 2.8 Max: 5.16
Current: 2.31
During the past 12 years, TCM Group AS's highest Altman Z-Score was 5.16. The lowest was 0.83. And the median was 2.80.
TCM Group AS (OCSE:TCM) 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.
Altman Z-Score does not apply to financial companies.
TCM Group AS Altman Z-Score Related Terms
TCM Group AS Altman Z-Score Historical Data
* Premium members only.
The historical data trend for TCM Group AS'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.
OCSE:TCM vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, TCM Group 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.
TCM Group AS Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, TCM Group AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where TCM Group AS'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.
TCM Group AS'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
*
-0.0605
+
1.4
*
0.4236
+
3.3
*
0.0849
+
0.6
*
0.9327
+
1.0
*
0.9474
=
2.31
* 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.
TCM Group AS (OCSE:TCM) has a Altman Z-Score of 2.31 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on TCM Group AS and its competitors. This is 18% below median its historical median of 2.80. Over the past decade, TCM Group AS's Altman Z-Score has ranged from 0.83 to 5.16. According to the industry distribution chart, TCM Group AS ranks #261 out of 425 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 61.4%.
Is TCM Group AS's Altman Z-Score too high?
TCM Group AS's current Altman Z-Score of 2.31 is 18% below median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 5.16. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.77. TCM Group AS's value of 2.31 is 16.6% below this industry median. Based on the distribution chart, TCM Group AS ranks #261 out of 425 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, TCM Group AS has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TCM Group AS's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, TCM Group AS ranks #261 out of 425 companies for Altman Z-Score. This places TCM Group AS in the lower half of its industry. The industry median Altman Z-Score is 2.77. TCM Group AS's value of 2.31 is 16.6% below this benchmark. Historically, TCM Group AS's own Altman Z-Score has ranged from 0.83 to 5.16 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 2.77, TCM Group AS has consistently been below 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.77, based on 425 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. TCM Group AS's current Altman Z-Score of 2.31 is 16.6% below 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 TCM Group AS and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCM Group AS's current Altman Z-Score is 2.31, which is 18% below median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCM Group AS stock overvalued right now?
Based on GuruFocus' analysis, TCM Group AS (OCSE:TCM) is currently considered Fairly Valued. The stock's GF Value™ is kr73.39, compared to a current price of kr69.00 — trading 6% below its estimated fair value. The current Altman Z-Score is 2.31, which is 18% below median its 10-year median of 2.80 and 16.6% below the Furnishings, Fixtures & Appliances industry median of 2.77. TCM Group AS's overall GF Score™ is 87/100 with 4 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 TCM Group AS (OCSE:TCM), the current Altman Z-Score is 2.31 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.
Is TCM Group AS (OCSE:TCM) Overvalued in 2026?
Based on GuruFocus' analysis, TCM Group AS stock appears to be undervalued.
The current stock price of kr69.00 is trading 6% below its estimated GF Value™ of kr73.39.
GuruFocus considers TCM Group AS to be Fairly Valued.
Key valuation signals for OCSE:TCM:
Altman Z-Score: 2.31 (18% below median its 10-year median of 2.80)
GF Value™: kr73.39 vs. price of kr69.00 (6% below fair value)
Industry Position: 16.6% below the Furnishings, Fixtures & Appliances median (#261 of 425)
No single metric tells the full story. See the OCSE:TCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TCM Group AS manufactures and supplies kitchen and furniture products for bathrooms and storage in Denmark and the other Scandinavian countries. Its products include drawers, cabinets, fronts, table tops, handles, and other accessories. It offers its products under the Svane Kokkenet, Tvis Kokkener, Nettoline, and kitchen brands. The company also sells private-label products through Do-It-Yourself and kitchen specialty stores in Denmark and Norway. The group sells its products in Denmark and other countries, of which a majority of the revenue is derived from Denmark. It also has a presence in Norway and other countries.
87GF Score
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