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:
Cobra Venture has a Altman Z2-Score of 19.37, 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 Cobra Venture's Altman Z2-Score or its related term are showing as below:
TSXV:CBV'
s Altman Z2-Score Range Over the Past 10 Years
Min: 17.98 Med: 24.27 Max: 38.75
Current: 19.37
During the past 13 years, Cobra Venture's highest Altman Z2-Score was 38.75. The lowest was 17.98. And the median was 24.27.
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.
Cobra Venture Altman Z2-Score Related Terms
Cobra Venture Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Cobra Venture'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.
TSXV:CBV vs COP, EOG, OXY: Altman Z2-Score Comparison
For the Oil & Gas E&P subindustry, Cobra Venture'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.
Cobra Venture Altman Z2-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cobra Venture's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Cobra Venture'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.
Cobra Venture'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
*
0.8136
+
3.26
*
-0.2691
+
6.72
*
-0.1508
+
1.05
*
15.1625
=
19.37
* 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.
Cobra Venture (TSXV:CBV) has a Altman Z2-Score of 19.37 as of Jul. 03, 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 Cobra Venture and its competitors. This is 20% below median its historical median of 24.27. Over the past decade, Cobra Venture's Altman Z2-Score has ranged from 17.98 to 38.75.
Is Cobra Venture's Altman Z2-Score too high?
Cobra Venture's current Altman Z2-Score of 19.37 is 20% below median its 10-year median of 24.27. Over the past 10 years, this metric has ranged from a low of 17.98 to a high of 38.75. The Oil & Gas industry median Altman Z2-Score is 1.81. Cobra Venture's value of 19.37 is 970.2% above this industry median. Overall, Cobra Venture has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Cobra Venture's Altman Z2-Score compare to COP and EOG?
Cobra Venture's Altman Z2-Score of 19.37 can be compared against companies in the Oil & Gas industry. The industry median Altman Z2-Score is 1.81. Cobra Venture's value of 19.37 is 970.2% above this benchmark. Historically, Cobra Venture's own Altman Z2-Score has ranged from 17.98 to 38.75 over the past decade. While the company's 10-year median is 24.27 vs. the industry median of 1.81, Cobra Venture 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 Oil & Gas company?
The median Altman Z2-Score among Oil & Gas companies is 1.81, based on 1,013 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. Cobra Venture's current Altman Z2-Score of 19.37 is 970.2% 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 Cobra Venture and its competitors. For the Oil & Gas industry, the median Altman Z2-Score is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cobra Venture's current Altman Z2-Score is 19.37, which is 20% below median its own 10-year median of 24.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cobra Venture stock overvalued right now?
Cobra Venture (TSXV:CBV) has a current Altman Z2-Score of 19.37. The stock's GF Value™ is C$0.12, compared to a current price of C$1.40 — trading 1066.7% above its estimated fair value. The current Altman Z2-Score is 19.37, which is 20% below median its 10-year median of 24.27 and 970.2% above the Oil & Gas industry median of 1.81. Cobra Venture's overall GF Score™ is 27/100 with 5 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 Cobra Venture (TSXV:CBV), the current Altman Z2-Score is 19.37 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.
Is Cobra Venture (TSXV:CBV) Overvalued in 2026?
Based on GuruFocus' analysis, Cobra Venture stock appears to be overvalued.
The current stock price of C$1.40 is trading 1066.7% above its estimated GF Value™ of C$0.12.
Key valuation signals for TSXV:CBV:
Altman Z2-Score: 19.37 (20% below median its 10-year median of 24.27)
GF Value™: C$0.12 vs. price of C$1.40 (1066.7% above fair value)
Industry Position: 970.2% above the Oil & Gas median
No single metric tells the full story. See the TSXV:CBV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cobra Venture Corp is a junior oil and gas company that is focused on the exploration and development of petroleum and natural gas interests in Canada. The company's properties are the San Joaquin Basin Project, California, and Gull Lake, Saskatchewan. The company operates in one business segment, being the exploration and development of oil and gas interests, in Canada.
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