TNH Hospital Group JSC (STC:TNH) Altman Z-Score: 0.75 (As of Jun. 27, 2026) — 77% Below Median


STC:TNH TNH Hospital Group JSC STC:TNH
65 GF Score
Price ₫8,500.00
GF Value ₫13,955.03
Valuation Possible Value Trap
! 9 Warning Signs
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What is TNH Hospital Group JSC Altman Z-Score?

TNH Hospital Group JSC STC:TNH -3.41% 65 Altman Z-Score is 0.75 as of Jun. 27, 2026, which is 77% below its 10-year median of 3.21. GuruFocus rates STC:TNH with a GF Score™ of 65/100 and a GF Value™ of ₫13,955.03 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 662 Healthcare Providers & Services companies, TNH Hospital Group JSC ranks worse than 77.04% 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 0.75 is in distress zone. This implies bankruptcy possibility in the next two years.

TNH Hospital Group JSC has a Altman Z-Score of 0.75, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 TNH Hospital Group JSC's Altman Z-Score or its related term are showing as below:

STC:TNH' s Altman Z-Score Range Over the Past 10 Years
Min: 0.75   Med: 3.21   Max: 4.66
Current: 0.75

During the past 7 years, TNH Hospital Group JSC's highest Altman Z-Score was 4.66. The lowest was 0.75. And the median was 3.21.


TNH Hospital Group JSC  (STC:TNH) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


TNH Hospital Group JSC Altman Z-Score Related Terms


TNH Hospital Group JSC Altman Z-Score Historical Data

* Premium members only.

The historical data trend for TNH Hospital Group JSC'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.

TNH Hospital Group JSC Altman Z-Score Chart

TNH Hospital Group JSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 3.82 3.46 4.04 2.67 1.14

TNH Hospital Group JSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.27 1.71 1.50 1.14 0.87

STC:TNH vs HCA, THC, DVA: Altman Z-Score Comparison

For the Medical Care Facilities subindustry, TNH Hospital Group JSC'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.


TNH Hospital Group JSC Altman Z-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, TNH Hospital Group JSC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where TNH Hospital Group JSC's Altman Z-Score falls into.


STC:TNH
65GF Score
TNH Hospital Group JSC STC:TNH
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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TNH Hospital Group JSC 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.

TNH Hospital Group JSC'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*-0.0242+1.4*-0.0132+3.3*-0.0181+0.6*1.1296+1.0*0.1792
=0.75

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ₫2,956,254 Mil.
Total Current Assets was ₫199,116 Mil.
Total Current Liabilities was ₫270,711 Mil.
Retained Earnings was ₫-39,131 Mil.
Pre-Tax Income was -46125.517 + -19443.193 + -19947.089 + -19733.775 = ₫-105,250 Mil.
Interest Expense was -13938.752 + -13432.966 + -12577.942 + -11763.786 = ₫-51,713 Mil.
Revenue was 117378.991 + 144068.063 + 145604.459 + 122846.841 = ₫529,898 Mil.
Market Cap (Today) was ₫1,408,892 Mil.
Total Liabilities was ₫1,247,270 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(199115.529 - 270711.123)/2956254.275
=-0.0242

X2=Retained Earnings/Total Assets
=-39131.108/2956254.275
=-0.0132

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-105249.574 - -51713.446)/2956254.275
=-0.0181

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1408891.516/1247270.06
=1.1296

X5=Revenue/Total Assets
=529898.354/2956254.275
=0.1792

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

TNH Hospital Group JSC has a Altman Z-Score of 0.75 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 0.75 mean?
TNH Hospital Group JSC (STC:TNH) has a Altman Z-Score of 0.75 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on TNH Hospital Group JSC and its competitors. This is 77% below median its historical median of 3.21. Over the past decade, TNH Hospital Group JSC's Altman Z-Score has ranged from 0.75 to 4.66. According to the industry distribution chart, TNH Hospital Group JSC ranks #510 out of 662 companies in the Healthcare Providers & Services industry, placing it in the top 77%.
Is TNH Hospital Group JSC's Altman Z-Score too high?
TNH Hospital Group JSC's current Altman Z-Score of 0.75 is 77% below median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 4.66. The Healthcare Providers & Services industry median Altman Z-Score is 2.36. TNH Hospital Group JSC's value of 0.75 is 68.2% below this industry median. Based on the distribution chart, TNH Hospital Group JSC ranks #510 out of 662 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, TNH Hospital Group JSC has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TNH Hospital Group JSC's Altman Z-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, TNH Hospital Group JSC ranks #510 out of 662 companies for Altman Z-Score. This places TNH Hospital Group JSC in the lower half of its industry. The industry median Altman Z-Score is 2.36. TNH Hospital Group JSC's value of 0.75 is 68.2% below this benchmark. Historically, TNH Hospital Group JSC's own Altman Z-Score has ranged from 0.75 to 4.66 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 2.36, TNH Hospital Group JSC 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 Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.36, based on 662 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. TNH Hospital Group JSC's current Altman Z-Score of 0.75 is 68.2% 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 TNH Hospital Group JSC and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TNH Hospital Group JSC's current Altman Z-Score is 0.75, which is 77% below median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TNH Hospital Group JSC stock overvalued right now?
Based on GuruFocus' analysis, TNH Hospital Group JSC (STC:TNH) is currently considered Possible Value Trap. The stock's GF Value™ is ₫13,955.03, compared to a current price of ₫8,500.00 — trading 39.1% below its estimated fair value. The current Altman Z-Score is 0.75, which is 77% below median its 10-year median of 3.21 and 68.2% below the Healthcare Providers & Services industry median of 2.36. TNH Hospital Group JSC's overall GF Score™ is 65/100 with 9 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 TNH Hospital Group JSC (STC:TNH), the current Altman Z-Score is 0.75 as of Jun. 27, 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 TNH Hospital Group JSC (STC:TNH) Overvalued in 2026?

Based on GuruFocus' analysis, TNH Hospital Group JSC stock appears to be undervalued. The current stock price of ₫8,500.00 is trading 39.1% below its estimated GF Value™ of ₫13,955.03. GuruFocus considers TNH Hospital Group JSC to be Possible Value Trap.

Key valuation signals for STC:TNH:

  • Altman Z-Score: 0.75 (77% below median its 10-year median of 3.21)
  • GF Value™: ₫13,955.03 vs. price of ₫8,500.00 (39.1% below fair value)
  • GF Score™: 65/100 with 9 warning signs
  • Industry Position: 68.2% below the Healthcare Providers & Services median (#510 of 662)

No single metric tells the full story. See the STC:TNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TNH Hospital Group JSC Business Description

Address 328 Luong Ngoc Quyen Street, Dong Quang Ward, Thai Nguyen, VNM
TNH Hospital Group JSC operates a hospital. The hospital provides surgical services, testing and diagnostics services, ventilator systems, imaging services, and other professional services.
65GF Score

Get the complete analysis for STC:TNH

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₫8,500.00
Price
₫13,955.03
GF Value