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 1.63 is in distress zone. This implies bankruptcy possibility in the next two years.
Tantalus Systems Holding has a Altman Z-Score of 1.49, 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 Tantalus Systems Holding's Altman Z-Score or its related term are showing as below:
TGMPF'
s Altman Z-Score Range Over the Past 10 Years
Min: -4.34 Med: -2.98 Max: 1.63
Current: 1.63
During the past 5 years, Tantalus Systems Holding's highest Altman Z-Score was 1.63. The lowest was -4.34. And the median was -2.98.
Tantalus Systems Holding (OTCPK:TGMPF) 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.
For the Electrical Equipment & Parts subindustry, Tantalus Systems Holding'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.
Tantalus Systems Holding Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tantalus Systems Holding's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tantalus Systems Holding's Altman Z-Score falls into.
Tantalus Systems Holding 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.
Tantalus Systems Holding (TGMPF) has a Altman Z-Score of 1.49 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tantalus Systems Holding and its competitors. According to the industry distribution chart, Tantalus Systems Holding ranks #2516 out of 3013 companies in the Industrial Products industry, placing it in the top 83.5%.
Is Tantalus Systems Holding's Altman Z-Score too high?
Tantalus Systems Holding's current Altman Z-Score is 1.49. The Industrial Products industry median Altman Z-Score is 3.42. Tantalus Systems Holding's value of 1.49 is 56.4% below this industry median. Based on the distribution chart, Tantalus Systems Holding ranks #2516 out of 3013 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Tantalus Systems Holding has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tantalus Systems Holding's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Tantalus Systems Holding ranks #2516 out of 3013 companies for Altman Z-Score. This places Tantalus Systems Holding in the lower half of its industry. The industry median Altman Z-Score is 3.42. Tantalus Systems Holding's value of 1.49 is 56.4% below this benchmark. 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.42, based on 3,013 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. Tantalus Systems Holding's current Altman Z-Score of 1.49 is 56.4% 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 Tantalus Systems Holding and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tantalus Systems Holding's current Altman Z-Score is 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tantalus Systems Holding stock overvalued right now?
Based on GuruFocus' analysis, Tantalus Systems Holding (TGMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.51, compared to a current price of $3.59 — trading 137.7% above its estimated fair value. The current Altman Z-Score is 1.49 and 56.4% below the Industrial Products industry median of 3.42. Tantalus Systems Holding's overall GF Score™ is 39/100 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 Tantalus Systems Holding (TGMPF), the current Altman Z-Score is 1.49 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 Tantalus Systems Holding (TGMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Tantalus Systems Holding stock appears to be overvalued.
The current stock price of $3.59 is trading 137.7% above its estimated GF Value™ of $1.51.
GuruFocus considers Tantalus Systems Holding to be Significantly Overvalued.
Key valuation signals for TGMPF:
Altman Z-Score: 1.49
GF Value™: $1.51 vs. price of $3.59 (137.7% above fair value)
Industry Position: 56.4% below the Industrial Products median (#2516 of 3013)
No single metric tells the full story. See the TGMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tantalus Systems Holding Inc is a Canada-based company engaged in developing and delivering purpose-built smart grid solutions for public power and electric cooperative utilities. Its segments include the Connected Devices and Infrastructure Segment and Utility Software Applications and Services, and the majority of the revenue comes from Connected Devices. Geographic regions are the United States, Canada, and Others, and the majority of the revenue comes from the United States.
39GF Score
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