TWNPQ (Twin Hospitality Group) Altman Z-Score: -0.93 (As of Jul. 03, 2026)


What is Twin Hospitality Group Altman Z-Score?

Twin Hospitality Group TWNPQ Altman Z-Score is -0.93 as of Jul. 03, 2026. The stock has 2 warning signs investors should review. Among 358 Restaurants companies, Twin Hospitality Group ranks worse than 90.22% 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 -0.93 is in distress zone. This implies bankruptcy possibility in the next two years.

Twin Hospitality Group has a Altman Z-Score of -0.93, 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 Twin Hospitality Group's Altman Z-Score or its related term are showing as below:

TWNPQ' s Altman Z-Score Range Over the Past 10 Years
Min: -0.93   Med: 0.37   Max: 0.57
Current: -0.93

During the past 3 years, Twin Hospitality Group's highest Altman Z-Score was 0.57. The lowest was -0.93. And the median was 0.37.


Twin Hospitality Group  (OTCPK:TWNPQ) 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.


Twin Hospitality Group Altman Z-Score Related Terms


Twin Hospitality Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Twin Hospitality 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.

Twin Hospitality Group Altman Z-Score Chart

Twin Hospitality Group Annual Data
Trend Dec22 Dec23 Dec24
Altman Z-Score
0.00 0.00 0.00

Twin Hospitality Group Quarterly Data
Dec22 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.57 0.37 -0.70

TWNPQ vs VSTD, CHSN, KITL: Altman Z-Score Comparison

For the Restaurants subindustry, Twin Hospitality 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.


Twin Hospitality Group Altman Z-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Twin Hospitality Group's Altman Z-Score distribution charts can be found below:

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



Twin Hospitality 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.

Twin Hospitality 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*-0.8127+1.4*-0.2847+3.3*-0.0675+0.6*0.0038+1.0*0.6652
=-0.93

* 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 Sep. 2025:
Total Assets was $516.8 Mil.
Total Current Assets was $28.3 Mil.
Total Current Liabilities was $448.2 Mil.
Retained Earnings was $-147.1 Mil.
Pre-Tax Income was -25.219 + -22.903 + -11.847 + -20.392 = $-80.4 Mil.
Interest Expense was -12.093 + -11.456 + -10.822 + -11.108 = $-45.5 Mil.
Revenue was 82.316 + 87.846 + 87.105 + 86.481 = $343.7 Mil.
Market Cap (Today) was $2.3 Mil.
Total Liabilities was $608.9 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
=(28.268 - 448.236)/516.77
=-0.8127

X2=Retained Earnings/Total Assets
=-147.124/516.77
=-0.2847

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-80.361 - -45.479)/516.77
=-0.0675

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2.293/608.897
=0.0038

X5=Revenue/Total Assets
=343.748/516.77
=0.6652

The zones of discrimination were as such:

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

Twin Hospitality Group has a Altman Z-Score of -0.93 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 -0.93 mean?
Twin Hospitality Group (TWNPQ) has a Altman Z-Score of -0.93 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Twin Hospitality Group and its competitors. According to the industry distribution chart, Twin Hospitality Group ranks #323 out of 358 companies in the Restaurants industry, placing it in the top 90.2%.
Is Twin Hospitality Group's Altman Z-Score too high?
Twin Hospitality Group's current Altman Z-Score is -0.93. Based on the distribution chart, Twin Hospitality Group ranks #323 out of 358 companies in the Restaurants industry, which is in the bottom quartile relative to peers.
How does Twin Hospitality Group's Altman Z-Score compare to VSTD and CHSN?
According to the Restaurants industry distribution chart, Twin Hospitality Group ranks #323 out of 358 companies for Altman Z-Score. This places Twin Hospitality Group in the lower half of its industry. The industry median Altman Z-Score is 2.24. 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 Restaurants company?
The median Altman Z-Score among Restaurants companies is 2.24, based on 358 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. 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 Twin Hospitality Group and its competitors. For the Restaurants industry, the median Altman Z-Score is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Twin Hospitality Group's current Altman Z-Score is -0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Twin Hospitality Group stock overvalued right now?
Twin Hospitality Group (TWNPQ) has a current Altman Z-Score of -0.93. The current Altman Z-Score is -0.93. 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 Twin Hospitality Group (TWNPQ), the current Altman Z-Score is -0.93 as of Jul. 03, 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.

Twin Hospitality Group Business Description

Address 5151 Belt Line Road, Suite 1200, Dallas, TX, USA, 75254
Twin Hospitality Group Inc is a franchisor and operator of two dining restaurant concepts: Twin Peaks and Smokey Bones. Twin Peaks is an award-winning sports lodged themed restaurant chain known for its made-from-scratch food, draft beer, cocktail program and sports on wall-to-wall televisions at rugged lodge atmosphere themed restaurants. Smokey Bones is a full-service, meat-centric restaurant brand and concept specializing in award-winning ribs and a variety of other slow-smoked, fire-grilled or seared meats, along with a full bar featuring a wide selection of domestic, import and local craft beers, a variety of spirits and several signature handcrafted cocktails. It serves dine-in guests for lunch, dinner and late night and offers pick-up, delivery, online ordering.