CHOLF (China Oilfield Services) Altman Z-Score: 2.02 (As of Jun. 29, 2026) — Near Median


CHOLF China Oilfield Services Ltd CHOLF
74 GF Score
Price $0.88
GF Value $1.34
Valuation Significantly Undervalued
! 4 Warning Signs
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What is China Oilfield Services Altman Z-Score?

China Oilfield Services CHOLF 74 Altman Z-Score is 2.02 as of Jun. 29, 2026, which is 4% below its 10-year median of 2.10. GuruFocus rates CHOLF with a GF Score™ of 74/100 and a GF Value™ of $1.34 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 900 Oil & Gas companies, China Oilfield Services ranks better than 52.67% 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 2.02 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

China Oilfield Services has a Altman Z-Score of 2.02, indicating it is in Grey Zones. This implies that China Oilfield Services is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 China Oilfield Services's Altman Z-Score or its related term are showing as below:

CHOLF' s Altman Z-Score Range Over the Past 10 Years
Min: 0.89   Med: 2.1   Max: 2.66
Current: 2.02

During the past 13 years, China Oilfield Services's highest Altman Z-Score was 2.66. The lowest was 0.89. And the median was 2.10.


China Oilfield Services  (OTCPK:CHOLF) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


China Oilfield Services Altman Z-Score Related Terms


China Oilfield Services Altman Z-Score Historical Data

* Premium members only.

The historical data trend for China Oilfield Services'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.

China Oilfield Services Altman Z-Score Chart

China Oilfield Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 2.37 2.24 2.34 2.38

China Oilfield Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.31 2.23 2.32 2.38 2.55

CHOLF vs SLB, BKR, HAL: Altman Z-Score Comparison

For the Oil & Gas Equipment & Services subindustry, China Oilfield Services'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.


China Oilfield Services Altman Z-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Oilfield Services's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where China Oilfield Services's Altman Z-Score falls into.


CHOLF
74GF Score
China Oilfield Services Ltd CHOLF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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China Oilfield Services Altman Z-Score Calculation

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.

China Oilfield Services'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*0.0871+1.4*0.3276+3.3*0.0649+0.6*1.1072+1.0*0.5735
=2.02

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $12,542 Mil.
Total Current Assets was $5,033 Mil.
Total Current Liabilities was $3,941 Mil.
Retained Earnings was $4,109 Mil.
Pre-Tax Income was 167.71 + 134.192 + 224.122 + 200.949 = $727 Mil.
Interest Expense was -19.836 + -19.739 + -21.399 + -25.525 = $-86 Mil.
Revenue was 1639.023 + 2190.59 + 1619.062 + 1744.023 = $7,193 Mil.
Market Cap (Today) was $6,152 Mil.
Total Liabilities was $5,556 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(5033.225 - 3940.6)/12541.626
=0.0871

X2=Retained Earnings/Total Assets
=4108.837/12541.626
=0.3276

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(726.973 - -86.499)/12541.626
=0.0649

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=6152.116/5556.313
=1.1072

X5=Revenue/Total Assets
=7192.698/12541.626
=0.5735

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

China Oilfield Services has a Altman Z-Score of 2.02 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.02 mean?
China Oilfield Services (CHOLF) has a Altman Z-Score of 2.02 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on China Oilfield Services and its competitors. This is near median its historical median of 2.10. Over the past decade, China Oilfield Services' Altman Z-Score has ranged from 0.89 to 2.66. According to the industry distribution chart, China Oilfield Services ranks #426 out of 900 companies in the Oil & Gas industry, placing it in the top 47.3%.
Is China Oilfield Services' Altman Z-Score too high?
China Oilfield Services' current Altman Z-Score of 2.02 is near median its 10-year median of 2.10. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 2.66. The Oil & Gas industry median Altman Z-Score is 1.90. China Oilfield Services' value of 2.02 is 6.6% above this industry median. Based on the distribution chart, China Oilfield Services ranks #426 out of 900 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, China Oilfield Services has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Oilfield Services' Altman Z-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, China Oilfield Services ranks #426 out of 900 companies for Altman Z-Score. This puts China Oilfield Services in the upper half of its industry. The industry median Altman Z-Score is 1.90. China Oilfield Services' value of 2.02 is 6.6% above this benchmark. Historically, China Oilfield Services' own Altman Z-Score has ranged from 0.89 to 2.66 over the past decade. While the company's 10-year median is 2.10 vs. the industry median of 1.90, China Oilfield Services 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 Z-Score for an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.90, based on 900 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. China Oilfield Services's current Altman Z-Score of 2.02 is 6.6% 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 China Oilfield Services and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Oilfield Services's current Altman Z-Score is 2.02, which is near median its own 10-year median of 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Oilfield Services stock overvalued right now?
Based on GuruFocus' analysis, China Oilfield Services (CHOLF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1.34, compared to a current price of $0.88 — trading 34.6% below its estimated fair value. The current Altman Z-Score is 2.02, which is near median its 10-year median of 2.10 and 6.6% above the Oil & Gas industry median of 1.90. China Oilfield Services' overall GF Score™ is 74/100 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 China Oilfield Services (CHOLF), the current Altman Z-Score is 2.02 as of Jun. 29, 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 China Oilfield Services (CHOLF) Overvalued in 2026?

Based on GuruFocus' analysis, China Oilfield Services stock appears to be undervalued. The current stock price of $0.88 is trading 34.6% below its estimated GF Value™ of $1.34. GuruFocus considers China Oilfield Services to be Significantly Undervalued.

Key valuation signals for CHOLF:

  • Altman Z-Score: 2.02 (near median its 10-year median of 2.10)
  • GF Value™: $1.34 vs. price of $0.88 (34.6% below fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 6.6% above the Oil & Gas median (#426 of 900)

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


China Oilfield Services Business Description

Industry EnergyOil & Gas
Address 201 Haiyou Avenue, Yanjiao Economic & Technological Development Zone, Hebei Province, Sanhe City, CHN, 065201
China Oilfield Services Ltd is engaged in the provision of oilfield services including drilling services, well services, marine support services, and geophysical acquisition and surveying services. It operates in four segments namely the drilling services segment offers oilfield drilling services, the well services segment offers logging and downhole services, the marine support services segment is engaged in the transportation of materials, supplies, and personnel to offshore facilities, moving and positioning drilling structures, and the geophysical acquisition and surveying services segment is engaged in the provision of offshore seismic data acquisition and marine surveying. It generates the majority of its revenue from Well services segment.
74GF Score

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

$0.88
Price
$1.34
GF Value