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Qatar Navigation QSCDSMD:QNNS 100 Altman Z-Score is 3.99 as of Jul. 15, 2026, which is 78% above its 10-year median of 2.24. GuruFocus rates DSMD:QNNS with a GF Score™ of 100/100 and a GF Value™ of ر.ق12.94 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 995 Transportation companies, Qatar Navigation QSC ranks better than 77.99% 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 3.99 is strong.
Qatar Navigation QSC has a Altman Z-Score of 3.99, 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 Qatar Navigation QSC's Altman Z-Score or its related term are showing as below:
DSMD:QNNS'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.2 Med: 2.24 Max: 5.49
Current: 3.99
During the past 13 years, Qatar Navigation QSC's highest Altman Z-Score was 5.49. The lowest was 1.20. And the median was 2.24.
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.
Qatar Navigation QSC Altman Z-Score Related Terms
Qatar Navigation QSC Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Qatar Navigation QSC'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.
For the Marine Shipping subindustry, Qatar Navigation QSC'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.
Qatar Navigation QSC Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Qatar Navigation QSC's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Qatar Navigation QSC'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.
Qatar Navigation QSC'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
*
0.0974
+
1.4
*
0.3849
+
3.3
*
0.0642
+
0.6
*
4.9177
+
1.0
*
0.1698
=
3.99
* 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.
Qatar Navigation QSC (DSMD:QNNS) has a Altman Z-Score of 3.99 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Qatar Navigation QSC and its competitors. This is 78% above median its historical median of 2.24. Over the past decade, Qatar Navigation QSC's Altman Z-Score has ranged from 1.20 to 5.49. According to the industry distribution chart, Qatar Navigation QSC ranks #219 out of 995 companies in the Transportation industry, placing it in the top 22%.
Is Qatar Navigation QSC's Altman Z-Score too high?
Qatar Navigation QSC's current Altman Z-Score of 3.99 is 78% above median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 5.49. The Transportation industry median Altman Z-Score is 2.27. Qatar Navigation QSC's value of 3.99 is 75.8% above this industry median. Based on the distribution chart, Qatar Navigation QSC ranks #219 out of 995 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Qatar Navigation QSC has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qatar Navigation QSC's Altman Z-Score compare to KEX?
According to the Transportation industry distribution chart, Qatar Navigation QSC ranks #219 out of 995 companies for Altman Z-Score. This places Qatar Navigation QSC in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.27. Qatar Navigation QSC's value of 3.99 is 75.8% above this benchmark. Historically, Qatar Navigation QSC's own Altman Z-Score has ranged from 1.20 to 5.49 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 2.27, Qatar Navigation QSC 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 a Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 995 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. Qatar Navigation QSC's current Altman Z-Score of 3.99 is 75.8% 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 Qatar Navigation QSC and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qatar Navigation QSC's current Altman Z-Score is 3.99, which is 78% above median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qatar Navigation QSC stock overvalued right now?
Based on GuruFocus' analysis, Qatar Navigation QSC (DSMD:QNNS) is currently considered Modestly Undervalued. The stock's GF Value™ is ر.ق12.94, compared to a current price of ر.ق10.00 — trading 22.7% below its estimated fair value. The current Altman Z-Score is 3.99, which is 78% above median its 10-year median of 2.24 and 75.8% above the Transportation industry median of 2.27. Qatar Navigation QSC's overall GF Score™ is 100/100 with 2 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 Qatar Navigation QSC (DSMD:QNNS), the current Altman Z-Score is 3.99 as of Jul. 15, 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 Qatar Navigation QSC (DSMD:QNNS) Overvalued in 2026?
Based on GuruFocus' analysis, Qatar Navigation QSC stock appears to be undervalued.
The current stock price of ر.ق10.00 is trading 22.7% below its estimated GF Value™ of ر.ق12.94.
GuruFocus considers Qatar Navigation QSC to be Modestly Undervalued.
Key valuation signals for DSMD:QNNS:
Altman Z-Score: 3.99 (78% above median its 10-year median of 2.24)
GF Value™: ر.ق12.94 vs. price of ر.ق10.00 (22.7% below fair value)
Industry Position: 75.8% above the Transportation median (#219 of 995)
No single metric tells the full story. See the DSMD:QNNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qatar Navigation QSC company provides diversified maritime and logistics companies in the Middle East with a focus on providing integrated transport and supply chain solutions. Milaha's current activities include Maritime and Logistics; Gas and Petrochem; Offshore Marine; Marine and Technical Services; and Capital. The Segment includes Milaha Capital, Milaha Maritime and Logistics, Milaha Offshore, Milaha Tradings, Milaha Gas and Petrochem, Milaha Corporate. Maximum of revenue is from Milaha Gas and Petrochem segment. Geographically operates in Qatar, Singapore, UAE, Germany, India, with maximum revenue from Qatar.
100GF Score
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