2CRSI (TCSIF) Altman Z-Score: 5.07 (As of Jun. 28, 2026) — 204% Above Median


TCSIF 2CRSI SA TCSIF
72 GF Score
Price $12.25
GF Value $2.87
! 3 Warning Signs
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What is 2CRSI Altman Z-Score?

2CRSI TCSIF 72 Altman Z-Score is 5.07 as of Jun. 28, 2026, which is 204% above its 10-year median of 1.67. GuruFocus rates TCSIF with a GF Score™ of 72/100 and a GF Value™ of $2.87. The stock has 3 warning signs investors should review. Among 2,459 Hardware companies, 2CRSI ranks better than 63.07% 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 4.85 is strong.

2CRSI has a Altman Z-Score of 5.07, 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 2CRSI's Altman Z-Score or its related term are showing as below:

TCSIF' s Altman Z-Score Range Over the Past 10 Years
Min: 1.54   Med: 1.67   Max: 4.85
Current: 4.85

During the past 7 years, 2CRSI's highest Altman Z-Score was 4.85. The lowest was 1.54. And the median was 1.67.


2CRSI  (OTCPK:TCSIF) 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.


2CRSI Altman Z-Score Related Terms


2CRSI Altman Z-Score Historical Data

* Premium members only.

The historical data trend for 2CRSI'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.

2CRSI Altman Z-Score Chart

2CRSI Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Feb21 Feb22 Feb23
Altman Z-Score
Get a 7-Day Free Trial 0.00 2.99 1.69 1.65 1.54

2CRSI Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Dec24 Jun25 Dec25
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 1.54 0.00 0.00 0.00 0.00

TCSIF vs DELL, SNDK, ANET: Altman Z-Score Comparison

For the Computer Hardware subindustry, 2CRSI'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.


2CRSI Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, 2CRSI's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where 2CRSI's Altman Z-Score falls into.


TCSIF
72GF Score
2CRSI SA TCSIF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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2CRSI 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.

2CRSI'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*0.2797+1.4*-0.0903+3.3*-0.0714+0.6*6.2641+1.0*1.3375
=5.07

* 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 Feb. 2023:
Total Assets was $149.8 Mil.
Total Current Assets was $113.8 Mil.
Total Current Liabilities was $71.9 Mil.
Retained Earnings was $-13.5 Mil.
Pre-Tax Income was $-11.9 Mil.
Interest Expense was $-1.2 Mil.
Revenue was $200.4 Mil.
Market Cap (Today) was $706.3 Mil.
Total Liabilities was $112.7 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
=(113.846 - 71.941)/149.803
=0.2797

X2=Retained Earnings/Total Assets
=-13.522/149.803
=-0.0903

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-11.921 - -1.226)/149.803
=-0.0714

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=706.268/112.748
=6.2641

X5=Revenue/Total Assets
=200.36/149.803
=1.3375

The zones of discrimination were as such:

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

2CRSI has a Altman Z-Score of 5.07 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 5.07 mean?
2CRSI (TCSIF) has a Altman Z-Score of 5.07 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on 2CRSI and its competitors. This is 204% above median its historical median of 1.67. Over the past decade, 2CRSI's Altman Z-Score has ranged from 1.54 to 4.85. According to the industry distribution chart, 2CRSI ranks #908 out of 2459 companies in the Hardware industry, placing it in the top 36.9%.
Is 2CRSI's Altman Z-Score too high?
2CRSI's current Altman Z-Score of 5.07 is 204% above median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 4.85. The Hardware industry median Altman Z-Score is 3.59. 2CRSI's value of 5.07 is 41.2% above this industry median. Based on the distribution chart, 2CRSI ranks #908 out of 2459 companies in the Hardware industry, which is above the industry midpoint. Overall, 2CRSI has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does 2CRSI's Altman Z-Score compare to DELL and SNDK?
According to the Hardware industry distribution chart, 2CRSI ranks #908 out of 2459 companies for Altman Z-Score. This puts 2CRSI in the upper half of its industry. The industry median Altman Z-Score is 3.59. 2CRSI's value of 5.07 is 41.2% above this benchmark. Historically, 2CRSI's own Altman Z-Score has ranged from 1.54 to 4.85 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 3.59, 2CRSI 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.59, based on 2,459 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. 2CRSI's current Altman Z-Score of 5.07 is 41.2% 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 2CRSI and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 2CRSI's current Altman Z-Score is 5.07, which is 204% above median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 2CRSI stock overvalued right now?
2CRSI (TCSIF) has a current Altman Z-Score of 5.07. The stock's GF Value™ is $2.87, compared to a current price of $12.25 — trading 326.8% above its estimated fair value. The current Altman Z-Score is 5.07, which is 204% above median its 10-year median of 1.67 and 41.2% above the Hardware industry median of 3.59. 2CRSI's overall GF Score™ is 72/100 with 3 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 2CRSI (TCSIF), the current Altman Z-Score is 5.07 as of Jun. 28, 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 2CRSI (TCSIF) Overvalued in 2026?

Based on GuruFocus' analysis, 2CRSI stock appears to be overvalued. The current stock price of $12.25 is trading 326.8% above its estimated GF Value™ of $2.87.

Key valuation signals for TCSIF:

  • Altman Z-Score: 5.07 (204% above median its 10-year median of 1.67)
  • GF Value™: $2.87 vs. price of $12.25 (326.8% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 41.2% above the Hardware median (#908 of 2459)

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


2CRSI Business Description

Other Exchanges AL2SI:France52C:Germany
Address 32 rue Jacobi-Netter, Strasbourg, FRA, 67200
2CRSI SA is engaged in researching, designing and manufacturing servers and IT solutions. The company offers expertise in storage solutions, intensive computing, dedicated servers, converged systems and appliances.
72GF Score

Get the complete analysis for TCSIF

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

$12.25
Price
$2.87
GF Value