Southern Gas Trading JSC (HSTC:PGS) Altman Z-Score: 4.01 (As of Jul. 20, 2026) — 19% Above Median

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HSTC:PGS Southern Gas Trading JSC HSTC:PGS
64 GF Score
Price ₫52,700.00
GF Value ₫31,157.68
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Southern Gas Trading JSC Altman Z-Score?

Southern Gas Trading JSC HSTC:PGS 64 Altman Z-Score is 4.01 as of Jul. 20, 2026, which is 19% above its 10-year median of 3.38. GuruFocus rates HSTC:PGS with a GF Score™ of 64/100 and a GF Value™ of ₫31,157.68 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 898 Oil & Gas companies, Southern Gas Trading JSC ranks better than 78.95% 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 4.01 is strong.

Southern Gas Trading JSC has a Altman Z-Score of 4.01, 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 Southern Gas Trading JSC's Altman Z-Score or its related term are showing as below:

HSTC:PGS' s Altman Z-Score Range Over the Past 10 Years
Min: 2.27   Med: 3.38   Max: 4.07
Current: 4.01

During the past 13 years, Southern Gas Trading JSC's highest Altman Z-Score was 4.07. The lowest was 2.27. And the median was 3.38.


Southern Gas Trading JSC  (HSTC:PGS) 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.


Southern Gas Trading JSC Altman Z-Score Related Terms


Southern Gas Trading JSC Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Southern Gas Trading JSC'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.

Southern Gas Trading JSC Altman Z-Score Chart

Southern Gas Trading JSC 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 3.08 3.68 2.82 3.08 3.78

Southern Gas Trading JSC 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 3.42 3.05 3.55 3.78 4.01

HSTC:PGS vs XOM, CVX: Altman Z-Score Comparison

For the Oil & Gas Integrated subindustry, Southern Gas Trading JSC'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.


Southern Gas Trading JSC Altman Z-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Southern Gas Trading JSC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Southern Gas Trading JSC's Altman Z-Score falls into.


HSTC:PGS
64GF Score
Southern Gas Trading JSC HSTC:PGS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Southern Gas Trading JSC 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.

Southern Gas Trading JSC'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*0.0609+1.4*0.0575+3.3*0.0661+0.6*1.9175+1.0*2.4869
=4.01

* 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 ₫2,421,837 Mil.
Total Current Assets was ₫1,417,988 Mil.
Total Current Liabilities was ₫1,270,422 Mil.
Retained Earnings was ₫139,168 Mil.
Pre-Tax Income was 38135.709 + 17916.982 + 45655.582 + 41501.657 = ₫143,210 Mil.
Interest Expense was -3910.666 + -4677.888 + -4234.366 + -4097.23 = ₫-16,920 Mil.
Revenue was 1417645.664 + 1433900.02 + 1493509.219 + 1677794.052 = ₫6,022,849 Mil.
Market Cap (Today) was ₫2,634,936 Mil.
Total Liabilities was ₫1,374,152 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
=(1417988.032 - 1270421.925)/2421836.777
=0.0609

X2=Retained Earnings/Total Assets
=139168.177/2421836.777
=0.0575

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(143209.93 - -16920.15)/2421836.777
=0.0661

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2634936.444/1374151.987
=1.9175

X5=Revenue/Total Assets
=6022848.955/2421836.777
=2.4869

The zones of discrimination were as such:

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

Southern Gas Trading JSC has a Altman Z-Score of 4.01 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 4.01 mean?
Southern Gas Trading JSC (HSTC:PGS) has a Altman Z-Score of 4.01 as of Jul. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Southern Gas Trading JSC and its competitors. This is 19% above median its historical median of 3.38. Over the past decade, Southern Gas Trading JSC's Altman Z-Score has ranged from 2.27 to 4.07. According to the industry distribution chart, Southern Gas Trading JSC ranks #189 out of 898 companies in the Oil & Gas industry, placing it in the top 21%.
Is Southern Gas Trading JSC's Altman Z-Score too high?
Southern Gas Trading JSC's current Altman Z-Score of 4.01 is 19% above median its 10-year median of 3.38. Over the past 10 years, this metric has ranged from a low of 2.27 to a high of 4.07. The Oil & Gas industry median Altman Z-Score is 1.92. Southern Gas Trading JSC's value of 4.01 is 108.9% above this industry median. Based on the distribution chart, Southern Gas Trading JSC ranks #189 out of 898 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Southern Gas Trading JSC has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southern Gas Trading JSC's Altman Z-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Southern Gas Trading JSC ranks #189 out of 898 companies for Altman Z-Score. This places Southern Gas Trading JSC in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.92. Southern Gas Trading JSC's value of 4.01 is 108.9% above this benchmark. Historically, Southern Gas Trading JSC's own Altman Z-Score has ranged from 2.27 to 4.07 over the past decade. While the company's 10-year median is 3.38 vs. the industry median of 1.92, Southern Gas Trading JSC 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 1.92, 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. Southern Gas Trading JSC's current Altman Z-Score of 4.01 is 108.9% 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 Southern Gas Trading JSC and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Gas Trading JSC's current Altman Z-Score is 4.01, which is 19% above median its own 10-year median of 3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Gas Trading JSC stock overvalued right now?
Based on GuruFocus' analysis, Southern Gas Trading JSC (HSTC:PGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫31,157.68, compared to a current price of ₫52,700.00 — trading 69.1% above its estimated fair value. The current Altman Z-Score is 4.01, which is 19% above median its 10-year median of 3.38 and 108.9% above the Oil & Gas industry median of 1.92. Southern Gas Trading JSC's overall GF Score™ is 64/100 with 9 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 Southern Gas Trading JSC (HSTC:PGS), the current Altman Z-Score is 4.01 as of Jul. 20, 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 Southern Gas Trading JSC (HSTC:PGS) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Gas Trading JSC stock appears to be overvalued. The current stock price of ₫52,700.00 is trading 69.1% above its estimated GF Value™ of ₫31,157.68. GuruFocus considers Southern Gas Trading JSC to be Significantly Overvalued.

Key valuation signals for HSTC:PGS:

  • Altman Z-Score: 4.01 (19% above median its 10-year median of 3.38)
  • GF Value™: ₫31,157.68 vs. price of ₫52,700.00 (69.1% above fair value)
  • GF Score™: 64/100 with 9 warning signs
  • Industry Position: 108.9% above the Oil & Gas median (#189 of 898)

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


Southern Gas Trading JSC Business Description

Industry EnergyOil & Gas
Address No 1-5 Le Duan Street, 4th Floor, PetroVietnam Tower, Ben Nghe Ward, District 1, Ho Chi Minh City, VNM
Southern Gas Trading JSC is engaged in the retail of liquefied petroleum gas (LPG), compressed natural gas (CNG), and liquefied natural gas (LNG); electricity production, transmission, and distribution; production of metal containers for compressed and liquefied petroleum gas; repair, maintenance, and operation of LPG, CNG, and LNG tanks, pipelines, storage facilities, machinery, and equipment; architectural, technical, construction, and investment consultancy activities for LPG, LNG, and CNG projects and systems; and completion of construction projects. Its products and services include Liquefied Petroleum Gas (LPG), Compressed Natural Gas (CNG), Liquefied Natural Gas (LNG), LPG Cylinder, and Certificate of Liability Insurance.
64GF Score

Get the complete analysis for HSTC:PGS

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

₫52,700.00
Price
₫31,157.68
GF Value