SPC PowerPHS:SPC 84 Altman Z2-Score is 30.91 as of Jun. 26, 2026, which is 101% above its 10-year median of 15.36. GuruFocus rates PHS:SPC with a GF Score™ of 84/100 and a GF Value™ of ₱9.26 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 505 Utilities - Regulated companies, SPC Power ranks better than 99.41% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
SPC Power has a Altman Z2-Score of 30.91, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for SPC Power's Altman Z2-Score or its related term are showing as below:
PHS:SPC'
s Altman Z2-Score Range Over the Past 10 Years
Min: 9.27 Med: 15.36 Max: 30.91
Current: 30.91
During the past 13 years, SPC Power's highest Altman Z2-Score was 30.91. The lowest was 9.27. And the median was 15.36.
SPC Power (PHS:SPC) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
Altman Z2-Score does not apply to financial companies.
SPC Power Altman Z2-Score Related Terms
SPC Power Altman Z2-Score Historical Data
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The historical data trend for SPC Power's Altman Z2-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.
PHS:SPC vs NEE, SO, DUK: Altman Z2-Score Comparison
For the Utilities - Regulated Electric subindustry, SPC Power's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
SPC Power Altman Z2-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, SPC Power's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where SPC Power's Altman Z2-Score falls into.
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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
SPC Power's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.4358
+
3.26
*
0.6799
+
6.72
*
0.2098
+
1.05
*
23.265
=
30.91
* 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 Z2-Score when X4_2 value is 0.
SPC Power (PHS:SPC) has a Altman Z2-Score of 30.91 as of Jun. 26, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on SPC Power and its competitors. This is 101% above median its historical median of 15.36. Over the past decade, SPC Power's Altman Z2-Score has ranged from 9.27 to 30.91. According to the industry distribution chart, SPC Power ranks #3 out of 505 companies in the Utilities - Regulated industry, placing it in the top 0.59999999999999%.
Is SPC Power's Altman Z2-Score too high?
SPC Power's current Altman Z2-Score of 30.91 is 101% above median its 10-year median of 15.36. Over the past 10 years, this metric has ranged from a low of 9.27 to a high of 30.91. The Utilities - Regulated industry median Altman Z2-Score is 1.54. SPC Power's value of 30.91 is 1907.1% above this industry median. Based on the distribution chart, SPC Power ranks #3 out of 505 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, SPC Power has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SPC Power's Altman Z2-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, SPC Power ranks #3 out of 505 companies for Altman Z2-Score. This places SPC Power in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.54. SPC Power's value of 30.91 is 1907.1% above this benchmark. Historically, SPC Power's own Altman Z2-Score has ranged from 9.27 to 30.91 over the past decade. While the company's 10-year median is 15.36 vs. the industry median of 1.54, SPC Power 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 Z2-Score for an Utilities - Regulated company?
The median Altman Z2-Score among Utilities - Regulated companies is 1.54, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SPC Power's current Altman Z2-Score of 30.91 is 1907.1% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on SPC Power and its competitors. For the Utilities - Regulated industry, the median Altman Z2-Score is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPC Power's current Altman Z2-Score is 30.91, which is 101% above median its own 10-year median of 15.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPC Power stock overvalued right now?
Based on GuruFocus' analysis, SPC Power (PHS:SPC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₱9.26, compared to a current price of ₱10.80 — trading 16.6% above its estimated fair value. The current Altman Z2-Score is 30.91, which is 101% above median its 10-year median of 15.36 and 1907.1% above the Utilities - Regulated industry median of 1.54. SPC Power's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For SPC Power (PHS:SPC), the current Altman Z2-Score is 30.91 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 SPC Power (PHS:SPC) Overvalued in 2026?
Based on GuruFocus' analysis, SPC Power stock appears to be overvalued.
The current stock price of ₱10.80 is trading 16.6% above its estimated GF Value™ of ₱9.26.
GuruFocus considers SPC Power to be Modestly Overvalued.
Key valuation signals for PHS:SPC:
Altman Z2-Score: 30.91 (101% above median its 10-year median of 15.36)
GF Value™: ₱9.26 vs. price of ₱10.80 (16.6% above fair value)
Industry Position: 1907.1% above the Utilities - Regulated median (#3 of 505)
No single metric tells the full story. See the PHS:SPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPC Power Corp is managed through two segments: Generation segment which includes generation and supply of power and ancillary services to NPC/PSALM, NGCP, distribution utilities, WESM, and other customers, and Others which includes the operations of SECL, SLCI, CNPC and SMPC such as to manage, operate and invest in power generating plants and related facilities. The majority of revenue is generated from generation segment. It operates and generates revenue principally only in the Philippines.
84GF Score
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