Gulf Cement Co PSCADX:GCEM +4.00%29 Altman Z-Score is 1.46 as of Jun. 27, 2026, which is 85% above its 10-year median of 0.79. GuruFocus rates ADX:GCEM with a GF Score™ of 29/100 and a GF Value™ of د.إ0.70 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 403 Building Materials companies, Gulf Cement Co PSC ranks worse than 72.7% 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 1.43 is in distress zone. This implies bankruptcy possibility in the next two years.
Gulf Cement Co PSC has a Altman Z-Score of 1.46, 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 Gulf Cement Co PSC's Altman Z-Score or its related term are showing as below:
ADX:GCEM'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.23 Med: 0.79 Max: 3.66
Current: 1.43
During the past 13 years, Gulf Cement Co PSC's highest Altman Z-Score was 3.66. The lowest was -0.23. And the median was 0.79.
Gulf Cement Co PSC (ADX:GCEM) 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.
Altman Z-Score does not apply to financial companies.
Gulf Cement Co PSC Altman Z-Score Related Terms
Gulf Cement Co PSC Altman Z-Score Historical Data
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The historical data trend for Gulf Cement Co PSC'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.
ADX:GCEM vs CRH, VMC, MLM: Altman Z-Score Comparison
For the Building Materials subindustry, Gulf Cement Co PSC'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.
Gulf Cement Co PSC Altman Z-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Gulf Cement Co PSC's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Gulf Cement Co PSC's Altman Z-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.
Gulf Cement Co PSC'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
*
0.0116
+
1.4
*
-0.0496
+
3.3
*
0.03
+
0.6
*
1.2605
+
1.0
*
0.6613
=
1.46
* 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.
Gulf Cement Co PSC (ADX:GCEM) has a Altman Z-Score of 1.46 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Gulf Cement Co PSC and its competitors. This is 85% above median its historical median of 0.79. According to the industry distribution chart, Gulf Cement Co PSC ranks #293 out of 403 companies in the Building Materials industry, placing it in the top 72.7%.
Is Gulf Cement Co PSC's Altman Z-Score too high?
Gulf Cement Co PSC's current Altman Z-Score of 1.46 is 85% above median its 10-year median of 0.79. The Building Materials industry median Altman Z-Score is 2.26. Gulf Cement Co PSC's value of 1.46 is 35.4% below this industry median. Based on the distribution chart, Gulf Cement Co PSC ranks #293 out of 403 companies in the Building Materials industry, which is below the industry midpoint. Overall, Gulf Cement Co PSC has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gulf Cement Co PSC's Altman Z-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Gulf Cement Co PSC ranks #293 out of 403 companies for Altman Z-Score. This places Gulf Cement Co PSC in the lower half of its industry. The industry median Altman Z-Score is 2.26. Gulf Cement Co PSC's value of 1.46 is 35.4% below this benchmark. While the company's 10-year median is 0.79 vs. the industry median of 2.26, Gulf Cement Co PSC has consistently been below 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 Z-Score for a Building Materials company?
The median Altman Z-Score among Building Materials companies is 2.26, based on 403 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. Gulf Cement Co PSC's current Altman Z-Score of 1.46 is 35.4% below 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 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 Gulf Cement Co PSC and its competitors. For the Building Materials industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Cement Co PSC's current Altman Z-Score is 1.46, which is 85% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Cement Co PSC stock overvalued right now?
Based on GuruFocus' analysis, Gulf Cement Co PSC (ADX:GCEM) is currently considered Significantly Overvalued. The stock's GF Value™ is د.إ0.70, compared to a current price of د.إ1.04 — trading 48.6% above its estimated fair value. The current Altman Z-Score is 1.46, which is 85% above median its 10-year median of 0.79 and 35.4% below the Building Materials industry median of 2.26. Gulf Cement Co PSC's overall GF Score™ is 29/100 with 7 warning signs to review. 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 Gulf Cement Co PSC (ADX:GCEM), the current Altman Z-Score is 1.46 as of Jun. 27, 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 Gulf Cement Co PSC (ADX:GCEM) Overvalued in 2026?
Based on GuruFocus' analysis, Gulf Cement Co PSC stock appears to be overvalued.
The current stock price of د.إ1.04 is trading 48.6% above its estimated GF Value™ of د.إ0.70.
GuruFocus considers Gulf Cement Co PSC to be Significantly Overvalued.
Key valuation signals for ADX:GCEM:
Altman Z-Score: 1.46 (85% above median its 10-year median of 0.79)
GF Value™: د.إ0.70 vs. price of د.إ1.04 (48.6% above fair value)
Industry Position: 35.4% below the Building Materials median (#293 of 403)
No single metric tells the full story. See the ADX:GCEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gulf Cement Co PSC operates as a cement producer that serves customers located in the UAE and the Arab Gulf Zone. Its product offerings include a variety of cements such as Sulphate Resisting Portland Cement, Ordinary Portland Cement, Moderate Sulphate Resisting Portland Cement, and Ground Granulated Blast Furnace Slag, among others. The company has two operating segments, including Manufacturing of all types of cements, and Investments in marketable equity securities, deposits with banks, and investment properties. A majority of its revenue is generated from the Manufacturing segment. Geographically, the company derives maximum revenue from its business within the United Arab Emirates (UAE).
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