Al Mahhar Holding Co QPSC (DSMD:MHAR) Altman Z-Score: 3.20 (As of Jul. 16, 2026) — Near Median

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DSMD:MHAR Al Mahhar Holding Co QPSC DSMD:MHAR
89 GF Score
Price ر.ق2.12
GF Value ر.ق2.55
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Al Mahhar Holding Co QPSC Altman Z-Score?

Al Mahhar Holding Co QPSC DSMD:MHAR 89 Altman Z-Score is 3.20 as of Jul. 16, 2026, which is 0% above its 10-year median of 3.19. GuruFocus rates DSMD:MHAR with a GF Score™ of 89/100 and a GF Value™ of ر.ق2.55 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 3,006 Industrial Products companies, Al Mahhar Holding Co QPSC ranks worse than 51.76% 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.

Good Sign:

Altman Z-score of 3.2 is strong.

Al Mahhar Holding Co QPSC has a Altman Z-Score of 3.20, 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 Al Mahhar Holding Co QPSC's Altman Z-Score or its related term are showing as below:

DSMD:MHAR' s Altman Z-Score Range Over the Past 10 Years
Min: 2.09   Med: 3.19   Max: 3.5
Current: 3.2

During the past 6 years, Al Mahhar Holding Co QPSC's highest Altman Z-Score was 3.50. The lowest was 2.09. And the median was 3.19.


Al Mahhar Holding Co QPSC  (DSMD:MHAR) 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.


Al Mahhar Holding Co QPSC Altman Z-Score Related Terms


Al Mahhar Holding Co QPSC Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Al Mahhar Holding Co QPSC'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.

Al Mahhar Holding Co QPSC Altman Z-Score Chart

Al Mahhar Holding Co QPSC Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 2.09 3.33 3.41

Al Mahhar Holding Co QPSC Quarterly Data
Dec20 Dec21 Jun22 Dec22 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 3.06 3.32 3.50 3.41 3.30

DSMD:MHAR vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Al Mahhar Holding Co QPSC'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.


Al Mahhar Holding Co QPSC Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Al Mahhar Holding Co QPSC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Al Mahhar Holding Co QPSC's Altman Z-Score falls into.


DSMD:MHAR
89GF Score
Al Mahhar Holding Co QPSC DSMD:MHAR
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Mahhar Holding Co QPSC 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.

Al Mahhar Holding Co QPSC'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*0.3585+1.4*0.2298+3.3*0.0766+0.6*1.4384+1.0*1.3277
=3.20

* 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 ر.ق696.1 Mil.
Total Current Assets was ر.ق500.1 Mil.
Total Current Liabilities was ر.ق250.6 Mil.
Retained Earnings was ر.ق159.9 Mil.
Pre-Tax Income was 15.563 + 11.585 + 10.373 + 14.468 = ر.ق52.0 Mil.
Interest Expense was -0.88 + -0.452 + 1.373 + -1.375 = ر.ق-1.3 Mil.
Revenue was 238.66 + 208.33 + 216.277 + 260.941 = ر.ق924.2 Mil.
Market Cap (Today) was ر.ق438.0 Mil.
Total Liabilities was ر.ق304.5 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
=(500.1 - 250.565)/696.076
=0.3585

X2=Retained Earnings/Total Assets
=159.941/696.076
=0.2298

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(51.989 - -1.334)/696.076
=0.0766

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=438.012/304.505
=1.4384

X5=Revenue/Total Assets
=924.208/696.076
=1.3277

The zones of discrimination were as such:

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

Al Mahhar Holding Co QPSC has a Altman Z-Score of 3.20 indicating it is in Safe 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 3.20 mean?
Al Mahhar Holding Co QPSC (DSMD:MHAR) has a Altman Z-Score of 3.20 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Al Mahhar Holding Co QPSC and its competitors. This is near median its historical median of 3.19. Over the past decade, Al Mahhar Holding Co QPSC's Altman Z-Score has ranged from 2.09 to 3.50. According to the industry distribution chart, Al Mahhar Holding Co QPSC ranks #1556 out of 3006 companies in the Industrial Products industry, placing it in the top 51.8%.
Is Al Mahhar Holding Co QPSC's Altman Z-Score too high?
Al Mahhar Holding Co QPSC's current Altman Z-Score of 3.20 is near median its 10-year median of 3.19. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 3.50. The Industrial Products industry median Altman Z-Score is 3.32. Al Mahhar Holding Co QPSC's value of 3.20 is 3.6% below this industry median. Based on the distribution chart, Al Mahhar Holding Co QPSC ranks #1556 out of 3006 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Al Mahhar Holding Co QPSC has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Mahhar Holding Co QPSC's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Al Mahhar Holding Co QPSC ranks #1556 out of 3006 companies for Altman Z-Score. This places Al Mahhar Holding Co QPSC in the lower half of its industry. The industry median Altman Z-Score is 3.32. Al Mahhar Holding Co QPSC's value of 3.20 is 3.6% below this benchmark. Historically, Al Mahhar Holding Co QPSC's own Altman Z-Score has ranged from 2.09 to 3.50 over the past decade. While the company's 10-year median is 3.19 vs. the industry median of 3.32, Al Mahhar Holding Co QPSC 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 Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.32, based on 3,006 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. Al Mahhar Holding Co QPSC's current Altman Z-Score of 3.20 is 3.6% 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 Al Mahhar Holding Co QPSC and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Mahhar Holding Co QPSC's current Altman Z-Score is 3.20, which is near median its own 10-year median of 3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Mahhar Holding Co QPSC stock overvalued right now?
Based on GuruFocus' analysis, Al Mahhar Holding Co QPSC (DSMD:MHAR) is currently considered Modestly Undervalued. The stock's GF Value™ is ر.ق2.55, compared to a current price of ر.ق2.12 — trading 17% below its estimated fair value. The current Altman Z-Score is 3.20, which is near median its 10-year median of 3.19 and 3.6% below the Industrial Products industry median of 3.32. Al Mahhar Holding Co QPSC's overall GF Score™ is 89/100 with 3 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 Al Mahhar Holding Co QPSC (DSMD:MHAR), the current Altman Z-Score is 3.20 as of Jul. 16, 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 Al Mahhar Holding Co QPSC (DSMD:MHAR) Overvalued in 2026?

Based on GuruFocus' analysis, Al Mahhar Holding Co QPSC stock appears to be undervalued. The current stock price of ر.ق2.12 is trading 17% below its estimated GF Value™ of ر.ق2.55. GuruFocus considers Al Mahhar Holding Co QPSC to be Modestly Undervalued.

Key valuation signals for DSMD:MHAR:

  • Altman Z-Score: 3.20 (near median its 10-year median of 3.19)
  • GF Value™: ر.ق2.55 vs. price of ر.ق2.12 (17% below fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 3.6% below the Industrial Products median (#1556 of 3006)

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


Al Mahhar Holding Co QPSC Business Description

Address Jaidah Square, Airport Road, P.O. Box 16069, Suite 203D, Old Airport, Doha, QAT
Al Mahhar Holding Co QPSC is a Qatari-based group focused on the energy and infrastructure sectors. Along with its subsidiaries, the company operates in the following reportable segments: Energy Sector and Infrastructure Sector. Maximum revenue is generated from its Energy sector segment, which is engaged in marketing and sale of various products and services related to the oil and gas industry. The Infrastructure sector segment is engaged in trading and rental of industrial construction equipment and other related services. Geographically, the company generates a majority of its revenue from Qatar and the rest from other regions.
89GF Score

Get the complete analysis for DSMD:MHAR

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

ر.ق2.12
Price
ر.ق2.55
GF Value