Superior Plus (TSX:SPB) Financial Strength: 3 (As of Jun. 2026) — 25% Below Median

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TSX:SPB Superior Plus Corp TSX:SPB
77 GF Score
Price C$7.21
GF Value C$8.15
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Superior Plus Financial Strength?

Superior Plus TSX:SPB +0.28% 77 Financial Strength is 3 as of Jun. 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates TSX:SPB with a GF Score™ of 77/100 and a GF Value™ of C$8.15 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Superior Plus has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Superior Plus Corp displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.
4. Other debt related ratios.

A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Superior Plus did not have earnings to cover the interest expense. Superior Plus's debt to revenue ratio for the quarter that ended in Jun. 2026 was 0.95. As of today, Superior Plus's Altman Z-Score is 0.47.


Superior Plus  (TSX:SPB) Financial Strength Explanation

The rank is rated on a scale of 1 to 10. A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.

Superior Plus has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Superior Plus Financial Strength Related Terms


TSX:SPB vs ATO, NI, UGI: Financial Strength Comparison

For the Utilities - Regulated Gas subindustry, Superior Plus's Financial Strength, along with its competitors' market caps and Financial Strength 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.


Superior Plus Financial Strength vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Superior Plus's Financial Strength distribution charts can be found below:

* The bar in red indicates where Superior Plus's Financial Strength falls into.


TSX:SPB
77GF Score
Superior Plus Corp TSX:SPB
Financial Strength is just one metric. See GF Score™, valuation, warning signs, and more.
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Superior Plus Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Superior Plus's Interest Expense for the months ended in Jun. 2026 was C$-28 Mil. Its Operating Income for the months ended in Jun. 2026 was C$-49 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$2,262 Mil.

Superior Plus's Interest Coverage for the quarter that ended in Jun. 2026 is

Superior Plus did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Superior Plus Corp interest coverage is 2.23, which is low.

2. Debt to revenue ratio. The lower, the better.

Superior Plus's Debt to Revenue Ratio for the quarter that ended in Jun. 2026 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2026 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(61.609 + 2262.14) / 2444.16
=0.95

3. Altman Z-Score.

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.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Superior Plus has a Z-score of 0.47, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

Warning Sign:

Altman Z-score of 0.47 is in distress zone. This implies bankruptcy possibility in the next two years.

* 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.

Frequently Asked Questions Learn more about Financial Strength →
What does a Financial Strength of 3 mean?
Superior Plus (TSX:SPB) has a Financial Strength of 3 as of Jun. 2026. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Superior Plus and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Superior Plus' Financial Strength has ranged from 3.00 to 5.00.
Is Superior Plus' Financial Strength too high?
Superior Plus' current Financial Strength of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. Overall, Superior Plus has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Superior Plus' Financial Strength compare to ATO and NI?
Superior Plus' Financial Strength of 3 can be compared against companies in the Utilities - Regulated industry. Historically, Superior Plus' own Financial Strength has ranged from 3.00 to 5.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Financial Strength for an Utilities - Regulated company?
A good Financial Strength depends on the Utilities - Regulated industry context. However, Financial Strength 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 Financial Strength mean?
A high Financial Strength can signal that a stock is expensive relative to its fundamentals. The financial strength rank measures the strength of a company's balance sheet based on revenue and debt. View historical data on Superior Plus and its competitors. Superior Plus's current Financial Strength is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Superior Plus stock overvalued right now?
Based on GuruFocus' analysis, Superior Plus (TSX:SPB) is currently considered Modestly Undervalued. The stock's GF Value™ is C$8.15, compared to a current price of C$7.21 — trading 11.5% below its estimated fair value. The current Financial Strength is 3, which is 25% below median its 10-year median of 4.00. Superior Plus' overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Financial Strength calculated?
Financial Strength is calculated from a company's financial statements. For Superior Plus (TSX:SPB), the current Financial Strength is 3 as of Jun. 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 Superior Plus (TSX:SPB) Overvalued in 2026?

Based on GuruFocus' analysis, Superior Plus stock appears to be undervalued. The current stock price of C$7.21 is trading 11.5% below its estimated GF Value™ of C$8.15. GuruFocus considers Superior Plus to be Modestly Undervalued.

Key valuation signals for TSX:SPB:

  • Financial Strength: 3 (25% below median its 10-year median of 4.00)
  • GF Value™: C$8.15 vs. price of C$7.21 (11.5% below fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Superior Plus Business Description

Address 155 Wellington Street West, Suite 3610, Toronto, ON, CAN, M5V 3H1
Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane Distribution, Canadian Propane Distribution and Compressed natural gas distribution (CNG)out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California.
77GF Score

Get the complete analysis for TSX:SPB

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

C$7.21
Price
C$8.15
GF Value