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.
Good Sign:
Altman Z-score of 3.94 is strong.
SED Energy Holdings has a Altman Z-Score of 3.89, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 SED Energy Holdings's Altman Z-Score or its related term are showing as below:
CHIX:ENHo'
s Altman Z-Score Range Over the Past 10 Years
Min: -12.89 Med: -1.76 Max: 4.17
Current: 3.94
During the past 13 years, SED Energy Holdings's highest Altman Z-Score was 4.17. The lowest was -12.89. And the median was -1.76.
SED Energy Holdings (CHIX:ENHo) 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.
SED Energy Holdings Altman Z-Score Related Terms
SED Energy Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for SED Energy Holdings'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.
CHIX:ENHO vs SLB, BKR, HAL: Altman Z-Score Comparison
For the Oil & Gas Equipment & Services subindustry, SED Energy Holdings'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.
SED Energy Holdings Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SED Energy Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where SED Energy Holdings'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.
SED Energy Holdings'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
*
0.1047
+
1.4
*
0
+
3.3
*
0.1491
+
0.6
*
4.6032
+
1.0
*
0.5097
=
3.89
* 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.
SED Energy Holdings (CHIX:ENHO) has a Altman Z-Score of 3.89 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SED Energy Holdings and its competitors. According to the industry distribution chart, SED Energy Holdings ranks #191 out of 897 companies in the Oil & Gas industry, placing it in the top 21.3%.
Is SED Energy Holdings' Altman Z-Score too high?
SED Energy Holdings' current Altman Z-Score is 3.89. The Oil & Gas industry median Altman Z-Score is 1.91. SED Energy Holdings' value of 3.89 is 103.7% above this industry median. Based on the distribution chart, SED Energy Holdings ranks #191 out of 897 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, SED Energy Holdings has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does SED Energy Holdings' Altman Z-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, SED Energy Holdings ranks #191 out of 897 companies for Altman Z-Score. This places SED Energy Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.91. SED Energy Holdings' value of 3.89 is 103.7% above this benchmark. 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 an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.91, based on 897 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. SED Energy Holdings's current Altman Z-Score of 3.89 is 103.7% 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 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 SED Energy Holdings and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SED Energy Holdings's current Altman Z-Score is 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SED Energy Holdings stock overvalued right now?
SED Energy Holdings (CHIX:ENHO) has a current Altman Z-Score of 3.89. The stock's GF Value™ is kr5.37, compared to a current price of kr8.39 — trading 56.2% above its estimated fair value. The current Altman Z-Score is 3.89 and 103.7% above the Oil & Gas industry median of 1.91. SED Energy Holdings' overall GF Score™ is 53/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For SED Energy Holdings (CHIX:ENHO), the current Altman Z-Score is 3.89 as of Jun. 24, 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 SED Energy Holdings (CHIX:ENHO) Overvalued in 2026?
Based on GuruFocus' analysis, SED Energy Holdings stock appears to be overvalued.
The current stock price of kr8.39 is trading 56.2% above its estimated GF Value™ of kr5.37.
Key valuation signals for CHIX:ENHO:
Altman Z-Score: 3.89
GF Value™: kr5.37 vs. price of kr8.39 (56.2% above fair value)
Industry Position: 103.7% above the Oil & Gas median (#191 of 897)
No single metric tells the full story. See the CHIX:ENHO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SED Energy Holdings PLC is focused on the energy space and invests in and operates assets within tender-assisted drilling and the seismic acquisition shipping segment. The Group operates through two main verticals and reporting segments: Energy Drilling and Seabird Exploration. Energy Drilling, which generates maximum revenue, provides tender-assisted drilling services mainly in Southeast Asia, while Seabird Exploration provides marine seismic data acquisition services and source vessel operations for the oil and gas industry. Its fleets include EDrill-1, EDrill-2, Guo Hai Tai He, T-15, T-16, and Vencedor. The Group generates revenue mainly from time-charter contracts for rigs and service contracts for vessels, with maximum revenue generated from Thailand.
53GF Score
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