Thomson Reuters (STU:TOC0) Altman Z-Score: 4.97 (As of Jun. 25, 2026) — 16% Above Median


STU:TOC0 Thomson Reuters Corp STU:TOC0
70 GF Score
Price €80.26
GF Value €179.38
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Thomson Reuters Altman Z-Score?

Thomson Reuters STU:TOC0 70 Altman Z-Score is 4.97 as of Jun. 25, 2026, which is 16% above its 10-year median of 4.30. GuruFocus rates STU:TOC0 with a GF Score™ of 70/100 and a GF Value™ of €179.38 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,060 Business Services companies, Thomson Reuters ranks better than 73.87% 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 5.04 is strong.

Thomson Reuters has a Altman Z-Score of 4.97, 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 Thomson Reuters's Altman Z-Score or its related term are showing as below:

STU:TOC0' s Altman Z-Score Range Over the Past 10 Years
Min: 1.88   Med: 4.3   Max: 11.69
Current: 5.04

During the past 13 years, Thomson Reuters's highest Altman Z-Score was 11.69. The lowest was 1.88. And the median was 4.30.


Thomson Reuters  (STU:TOC0) 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.


Thomson Reuters Altman Z-Score Related Terms


Thomson Reuters Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Thomson Reuters'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.

Thomson Reuters Altman Z-Score Chart

Thomson Reuters Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.18 4.31 6.54 8.31 7.27

Thomson Reuters 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 9.06 11.69 8.34 7.27 5.42

STU:TOC0 vs CTAS, CPRT, GPN: Altman Z-Score Comparison

For the Specialty Business Services subindustry, Thomson Reuters'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.


Thomson Reuters Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Thomson Reuters's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Thomson Reuters's Altman Z-Score falls into.


STU:TOC0
70GF Score
Thomson Reuters Corp STU:TOC0
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thomson Reuters 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.

Thomson Reuters'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*-0.0778+1.4*0.5099+3.3*0.1218+0.6*5.8658+1.0*0.4244
=4.97

* 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 €15,522 Mil.
Total Current Assets was €1,845 Mil.
Total Current Liabilities was €3,053 Mil.
Retained Earnings was €7,915 Mil.
Pre-Tax Income was 526.785 + 423.584 + 478.824 + 306.051 = €1,735 Mil.
Interest Expense was -38.06 + -35.014 + -42.6 + -39.882 = €-156 Mil.
Revenue was 1805.255 + 1715.686 + 1518.264 + 1547.595 = €6,587 Mil.
Market Cap (Today) was €31,113 Mil.
Total Liabilities was €5,304 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
=(1845.045 - 3052.585)/15521.56
=-0.0778

X2=Retained Earnings/Total Assets
=7914.75/15521.56
=0.5099

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1735.244 - -155.556)/15521.56
=0.1218

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=31113.487/5304.18
=5.8658

X5=Revenue/Total Assets
=6586.8/15521.56
=0.4244

The zones of discrimination were as such:

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

Thomson Reuters has a Altman Z-Score of 4.97 indicating it is in Safe 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 4.97 mean?
Thomson Reuters (STU:TOC0) has a Altman Z-Score of 4.97 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Thomson Reuters and its competitors. This is 16% above median its historical median of 4.30. Over the past decade, Thomson Reuters' Altman Z-Score has ranged from 1.88 to 11.69. According to the industry distribution chart, Thomson Reuters ranks #277 out of 1060 companies in the Business Services industry, placing it in the top 26.1%.
Is Thomson Reuters' Altman Z-Score too high?
Thomson Reuters' current Altman Z-Score of 4.97 is 16% above median its 10-year median of 4.30. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 11.69. The Business Services industry median Altman Z-Score is 2.98. Thomson Reuters' value of 4.97 is 67.1% above this industry median. Based on the distribution chart, Thomson Reuters ranks #277 out of 1060 companies in the Business Services industry, which is above the industry midpoint. Overall, Thomson Reuters has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thomson Reuters' Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Thomson Reuters ranks #277 out of 1060 companies for Altman Z-Score. This puts Thomson Reuters in the upper half of its industry. The industry median Altman Z-Score is 2.98. Thomson Reuters' value of 4.97 is 67.1% above this benchmark. Historically, Thomson Reuters' own Altman Z-Score has ranged from 1.88 to 11.69 over the past decade. While the company's 10-year median is 4.30 vs. the industry median of 2.98, Thomson Reuters 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.98, based on 1,060 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. Thomson Reuters's current Altman Z-Score of 4.97 is 67.1% 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 Thomson Reuters and its competitors. For the Business Services industry, the median Altman Z-Score is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomson Reuters's current Altman Z-Score is 4.97, which is 16% above median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Reuters stock overvalued right now?
Based on GuruFocus' analysis, Thomson Reuters (STU:TOC0) is currently considered Significantly Undervalued. The stock's GF Value™ is €179.38, compared to a current price of €80.26 — trading 55.3% below its estimated fair value. The current Altman Z-Score is 4.97, which is 16% above median its 10-year median of 4.30 and 67.1% above the Business Services industry median of 2.98. Thomson Reuters' overall GF Score™ is 70/100 with 1 warning sign 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 Thomson Reuters (STU:TOC0), the current Altman Z-Score is 4.97 as of Jun. 25, 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 Thomson Reuters (STU:TOC0) Overvalued in 2026?

Based on GuruFocus' analysis, Thomson Reuters stock appears to be undervalued. The current stock price of €80.26 is trading 55.3% below its estimated GF Value™ of €179.38. GuruFocus considers Thomson Reuters to be Significantly Undervalued.

Key valuation signals for STU:TOC0:

  • Altman Z-Score: 4.97 (16% above median its 10-year median of 4.30)
  • GF Value™: €179.38 vs. price of €80.26 (55.3% below fair value)
  • GF Score™: 70/100 with 1 warning sign
  • Industry Position: 67.1% above the Business Services median (#277 of 1060)

No single metric tells the full story. See the STU:TOC0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thomson Reuters Business Description

Address 19 Duncan Street, Toronto, ON, CAN, M5H 3H1
Thomson Reuters is a leading global provider of business information services, delivering trusted data, technology, and expertise to professionals across legal, tax, accounting, risk, compliance, and the news and media sectors. Headquartered in Toronto, Canada, the company combines deep domain knowledge with data and software solutions to help clients make informed decisions, manage complexity, and drive efficiency. Thomson Reuters serves legal and accounting/tax professionals, corporations, and governments worldwide, but around 75% of revenue is generated in the US. The company is known for flagship products such as Westlaw, UltraTax CS, and Reuters News.
70GF Score

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

€80.26
Price
€179.38
GF Value