Towers Watson & Co.

Operating margin

4.7%

Net margin

3.0%

Return on equity

3.6%

Return on assets

1.9%

Return on capital (ROCE)

3.9%

Liabilities / assets

45.4%

Debt / equity

0.83×

Book value / share

$42.32

Revenue growth (YoY)

4.5%

Net income growth (YoY)

1.6%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Altman Z″ (distress)

3.57safe

Accruals / assets

−8.7%clean

Piotroski F-Score

7/9strong

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

• Completed an acquisition or disposition · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylawsJan 5, 2016
• Entered a material agreement · New financial obligationDec 29, 2015
• Other material eventDec 23, 2015
• Shareholder vote · Regulation FD disclosureDec 11, 2015
• New financial obligationNov 24, 2015
• Shareholder vote · Regulation FD disclosureNov 20, 2015
• Entered a material agreement · Regulation FD disclosureNov 19, 2015
• Shareholder vote · Other material eventNov 18, 2015

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.