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MJL BangladeshDHA:MJLBD -0.74%100 Altman Z-Score is 1.33 as of Jul. 26, 2026, which is 31% below its 10-year median of 1.94. GuruFocus rates DHA:MJLBD with a GF Score™ of 100/100 and a GF Value™ of BDT96.24 (Fairly Valued). The stock has 10 warning signs investors should review. Among 898 Oil & Gas companies, MJL Bangladesh ranks worse than 64.37% 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 1.33 is in distress zone. This implies bankruptcy possibility in the next two years.
MJL Bangladesh has a Altman Z-Score of 1.33, 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 MJL Bangladesh's Altman Z-Score or its related term are showing as below:
DHA:MJLBD'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.31 Med: 1.94 Max: 2.64
Current: 1.33
During the past 13 years, MJL Bangladesh's highest Altman Z-Score was 2.64. The lowest was 1.31. And the median was 1.94.
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.
MJL Bangladesh Altman Z-Score Related Terms
MJL Bangladesh Altman Z-Score Historical Data
* Premium members only.
The historical data trend for MJL Bangladesh'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.
DHA:MJLBD vs VLO, MPC, PSX: Altman Z-Score Comparison
For the Oil & Gas Refining & Marketing subindustry, MJL Bangladesh'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.
MJL Bangladesh Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MJL Bangladesh's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where MJL Bangladesh'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.
MJL Bangladesh'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
*
-0.2177
+
1.4
*
0.1592
+
3.3
*
0.1034
+
0.6
*
0.6747
+
1.0
*
0.6194
=
1.33
* 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.
MJL Bangladesh (DHA:MJLBD) has a Altman Z-Score of 1.33 as of Jul. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on MJL Bangladesh and its competitors. This is 31% below median its historical median of 1.94. Over the past decade, MJL Bangladesh's Altman Z-Score has ranged from 1.31 to 2.64. According to the industry distribution chart, MJL Bangladesh ranks #578 out of 898 companies in the Oil & Gas industry, placing it in the top 64.4%.
Is MJL Bangladesh's Altman Z-Score too high?
MJL Bangladesh's current Altman Z-Score of 1.33 is 31% below median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 2.64. The Oil & Gas industry median Altman Z-Score is 1.95. MJL Bangladesh's value of 1.33 is 31.8% below this industry median. Based on the distribution chart, MJL Bangladesh ranks #578 out of 898 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, MJL Bangladesh has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MJL Bangladesh's Altman Z-Score compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, MJL Bangladesh ranks #578 out of 898 companies for Altman Z-Score. This places MJL Bangladesh in the lower half of its industry. The industry median Altman Z-Score is 1.95. MJL Bangladesh's value of 1.33 is 31.8% below this benchmark. Historically, MJL Bangladesh's own Altman Z-Score has ranged from 1.31 to 2.64 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.95, MJL Bangladesh 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 an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.95, based on 898 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. MJL Bangladesh's current Altman Z-Score of 1.33 is 31.8% 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 MJL Bangladesh and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MJL Bangladesh's current Altman Z-Score is 1.33, which is 31% below median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MJL Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, MJL Bangladesh (DHA:MJLBD) is currently considered Fairly Valued. The stock's GF Value™ is BDT96.24, compared to a current price of BDT94.10 — trading 2.2% below its estimated fair value. The current Altman Z-Score is 1.33, which is 31% below median its 10-year median of 1.94 and 31.8% below the Oil & Gas industry median of 1.95. MJL Bangladesh's overall GF Score™ is 100/100 with 10 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 MJL Bangladesh (DHA:MJLBD), the current Altman Z-Score is 1.33 as of Jul. 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 MJL Bangladesh (DHA:MJLBD) Overvalued in 2026?
Based on GuruFocus' analysis, MJL Bangladesh stock appears to be undervalued.
The current stock price of BDT94.10 is trading 2.2% below its estimated GF Value™ of BDT96.24.
GuruFocus considers MJL Bangladesh to be Fairly Valued.
Key valuation signals for DHA:MJLBD:
Altman Z-Score: 1.33 (31% below median its 10-year median of 1.94)
GF Value™: BDT96.24 vs. price of BDT94.10 (2.2% below fair value)
Industry Position: 31.8% below the Oil & Gas median (#578 of 898)
No single metric tells the full story. See the DHA:MJLBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MJL Bangladesh PLC is engaged in the blending and marketing of internationally recognised Mobil-branded lubricants in Bangladesh and is also diversified into lube oil trading and oil tanker operations. The Company serves the lubricant market across both the B2B (business-to-business) and B2C (business-to-consumer) segments. The B2B market segments served comprise industrial lubricants, marine lubricants and aviation lubricants, while the B2C market segments served comprise passenger vehicle lubricants, commercial vehicle lubricants and aviation lubricants. The Company also has a small e-commerce sales channel through its Lube Solution digital app and a modest export presence through sales in Nepal. Its operations and distribution network extend across Bangladesh.
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