TRTPF (Trustpilot Group) Altman Z-Score: 5.57 (As of Jun. 26, 2026) — 11% Above Median


TRTPF Trustpilot Group PLC TRTPF
59 GF Score
Price $3.50
GF Value $2.92
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Trustpilot Group Altman Z-Score?

Trustpilot Group TRTPF -0.85% 59 Altman Z-Score is 5.57 as of Jun. 26, 2026, which is 11% above its 10-year median of 5.02. GuruFocus rates TRTPF with a GF Score™ of 59/100 and a GF Value™ of $2.92 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,765 Software companies, Trustpilot Group ranks better than 73.85% 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 5.65 is strong.

Trustpilot Group has a Altman Z-Score of 5.57, 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 Trustpilot Group's Altman Z-Score or its related term are showing as below:

TRTPF' s Altman Z-Score Range Over the Past 10 Years
Min: 2.86   Med: 5.02   Max: 14.54
Current: 5.65

During the past 8 years, Trustpilot Group's highest Altman Z-Score was 14.54. The lowest was 2.86. And the median was 5.02.


Trustpilot Group  (OTCPK:TRTPF) 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.


Trustpilot Group Altman Z-Score Related Terms


Trustpilot Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Trustpilot Group'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.

Trustpilot Group Altman Z-Score Chart

Trustpilot Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 14.54 2.86 5.02 9.88 4.06

Trustpilot Group Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 5.02 0.00 9.88 0.00 4.06

TRTPF vs CRM, SHOP, UBER: Altman Z-Score Comparison

For the Software - Application subindustry, Trustpilot Group'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.


Trustpilot Group Altman Z-Score vs Software Industry

For the Software industry and Technology sector, Trustpilot Group's Altman Z-Score distribution charts can be found below:

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


TRTPF
59GF Score
Trustpilot Group PLC TRTPF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Trustpilot Group 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.

Trustpilot Group'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*-0.3166+1.4*-1.3437+3.3*0.1225+0.6*8.9726+1.0*2.0473
=5.57

* 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 Dec. 2025:
Total Assets was $127.5 Mil.
Total Current Assets was $77.1 Mil.
Total Current Liabilities was $117.5 Mil.
Retained Earnings was $-171.3 Mil.
Pre-Tax Income was $14.1 Mil.
Interest Expense was $-1.5 Mil.
Revenue was $261.1 Mil.
Market Cap (Today) was $1,204.5 Mil.
Total Liabilities was $134.2 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
=(77.097 - 117.46)/127.508
=-0.3166

X2=Retained Earnings/Total Assets
=-171.338/127.508
=-1.3437

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(14.091 - -1.532)/127.508
=0.1225

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1204.465/134.238
=8.9726

X5=Revenue/Total Assets
=261.05/127.508
=2.0473

The zones of discrimination were as such:

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

Trustpilot Group has a Altman Z-Score of 5.57 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 5.57 mean?
Trustpilot Group (TRTPF) has a Altman Z-Score of 5.57 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Trustpilot Group and its competitors. This is 11% above median its historical median of 5.02. Over the past decade, Trustpilot Group's Altman Z-Score has ranged from 2.86 to 14.54. According to the industry distribution chart, Trustpilot Group ranks #723 out of 2765 companies in the Software industry, placing it in the top 26.1%.
Is Trustpilot Group's Altman Z-Score too high?
Trustpilot Group's current Altman Z-Score of 5.57 is 11% above median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 2.86 to a high of 14.54. The Software industry median Altman Z-Score is 3.13. Trustpilot Group's value of 5.57 is 78% above this industry median. Based on the distribution chart, Trustpilot Group ranks #723 out of 2765 companies in the Software industry, which is above the industry midpoint. Overall, Trustpilot Group has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Trustpilot Group's Altman Z-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Trustpilot Group ranks #723 out of 2765 companies for Altman Z-Score. This puts Trustpilot Group in the upper half of its industry. The industry median Altman Z-Score is 3.13. Trustpilot Group's value of 5.57 is 78% above this benchmark. Historically, Trustpilot Group's own Altman Z-Score has ranged from 2.86 to 14.54 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 3.13, Trustpilot Group 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 Software company?
The median Altman Z-Score among Software companies is 3.13, based on 2,765 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. Trustpilot Group's current Altman Z-Score of 5.57 is 78% 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 Trustpilot Group and its competitors. For the Software industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trustpilot Group's current Altman Z-Score is 5.57, which is 11% above median its own 10-year median of 5.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trustpilot Group stock overvalued right now?
Based on GuruFocus' analysis, Trustpilot Group (TRTPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.92, compared to a current price of $3.50 — trading 19.9% above its estimated fair value. The current Altman Z-Score is 5.57, which is 11% above median its 10-year median of 5.02 and 78% above the Software industry median of 3.13. Trustpilot Group's overall GF Score™ is 59/100 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 Trustpilot Group (TRTPF), the current Altman Z-Score is 5.57 as of Jun. 26, 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 Trustpilot Group (TRTPF) Overvalued in 2026?

Based on GuruFocus' analysis, Trustpilot Group stock appears to be overvalued. The current stock price of $3.50 is trading 19.9% above its estimated GF Value™ of $2.92. GuruFocus considers Trustpilot Group to be Modestly Overvalued.

Key valuation signals for TRTPF:

  • Altman Z-Score: 5.57 (11% above median its 10-year median of 5.02)
  • GF Value™: $2.92 vs. price of $3.50 (19.9% above fair value)
  • GF Score™: 59/100 with 2 warning signs
  • Industry Position: 78% above the Software median (#723 of 2765)

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


Trustpilot Group Business Description

Other Exchanges TRSTl:UKTRST:UK6VZ:Germany
Address 21 Mincing Lane, 5th Floor, The Minster Building, London, GBR, EC3R 7AG
Trustpilot Group PLC and its subsidiaries consist of developing and hosting an online review platform that helps consumers make purchasing decisions and businesses showcase and improve their services. Trustpilot is open, independent, and impartial and helps consumers make the right choices and businesses to build trust, grow and improve. The group consists of more than 361million reviews and approximately 64 million monthly active users across the globe, with around 160 billion annual Trustbox impressions.
59GF Score

Get the complete analysis for TRTPF

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

$3.50
Price
$2.92
GF Value