IPCFF (International Petroleum) Altman Z-Score: 2.42 (As of Jun. 24, 2026) — 39% Above Median


IPCFF International Petroleum Corp IPCFF
74 GF Score
Price $21.72
GF Value $13.08
Valuation Significantly Overvalued
! 3 Warning Signs
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What is International Petroleum Altman Z-Score?

International Petroleum IPCFF -3.06% 74 Altman Z-Score is 2.42 as of Jun. 24, 2026, which is 39% above its 10-year median of 1.74. GuruFocus rates IPCFF with a GF Score™ of 74/100 and a GF Value™ of $13.08 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 897 Oil & Gas companies, International Petroleum ranks better than 62.54% 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 2.53 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.

International Petroleum has a Altman Z-Score of 2.42, indicating it is in Grey Zones. This implies that International Petroleum 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 International Petroleum's Altman Z-Score or its related term are showing as below:

IPCFF' s Altman Z-Score Range Over the Past 10 Years
Min: -0.04   Med: 1.74   Max: 3.83
Current: 2.53

During the past 12 years, International Petroleum's highest Altman Z-Score was 3.83. The lowest was -0.04. And the median was 1.74.


International Petroleum  (OTCPK:IPCFF) 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.


International Petroleum Altman Z-Score Related Terms


International Petroleum Altman Z-Score Historical Data

* Premium members only.

The historical data trend for International Petroleum'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.

International Petroleum Altman Z-Score Chart

International Petroleum 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 2.61 3.83 2.61 2.31 2.31

International Petroleum 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 2.43 2.28 2.28 2.31 2.75

IPCFF vs COP, EOG, OXY: Altman Z-Score Comparison

For the Oil & Gas E&P subindustry, International Petroleum'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.


International Petroleum Altman Z-Score vs Oil & Gas Industry

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

* The bar in red indicates where International Petroleum's Altman Z-Score falls into.


IPCFF
74GF Score
International Petroleum Corp IPCFF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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International Petroleum 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.

International Petroleum'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*-0.0223+1.4*0.4435+3.3*0.0417+0.6*2.1918+1.0*0.377
=2.42

* 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 $2,020.3 Mil.
Total Current Assets was $164.2 Mil.
Total Current Liabilities was $209.2 Mil.
Retained Earnings was $895.9 Mil.
Pre-Tax Income was 16.148 + -1.437 + 6.832 + 20.017 = $41.6 Mil.
Interest Expense was -9.56 + -14.16 + -10.082 + -8.98 = $-42.8 Mil.
Revenue was 191.686 + 194.295 + 195.169 + 180.509 = $761.7 Mil.
Market Cap (Today) was $2,475.6 Mil.
Total Liabilities was $1,129.5 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
=(164.202 - 209.158)/2020.252
=-0.0223

X2=Retained Earnings/Total Assets
=895.914/2020.252
=0.4435

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(41.56 - -42.782)/2020.252
=0.0417

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2475.601/1129.482
=2.1918

X5=Revenue/Total Assets
=761.659/2020.252
=0.377

The zones of discrimination were as such:

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

International Petroleum has a Altman Z-Score of 2.42 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 2.42 mean?
International Petroleum (IPCFF) has a Altman Z-Score of 2.42 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on International Petroleum and its competitors. This is 39% above median its historical median of 1.74. According to the industry distribution chart, International Petroleum ranks #336 out of 897 companies in the Oil & Gas industry, placing it in the top 37.5%.
Is International Petroleum's Altman Z-Score too high?
International Petroleum's current Altman Z-Score of 2.42 is 39% above median its 10-year median of 1.74. The Oil & Gas industry median Altman Z-Score is 1.91. International Petroleum's value of 2.42 is 26.7% above this industry median. Based on the distribution chart, International Petroleum ranks #336 out of 897 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, International Petroleum has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does International Petroleum's Altman Z-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, International Petroleum ranks #336 out of 897 companies for Altman Z-Score. This puts International Petroleum in the upper half of its industry. The industry median Altman Z-Score is 1.91. International Petroleum's value of 2.42 is 26.7% above this benchmark. While the company's 10-year median is 1.74 vs. the industry median of 1.91, International Petroleum 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 1.91, based on 897 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. International Petroleum's current Altman Z-Score of 2.42 is 26.7% 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 International Petroleum and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Petroleum's current Altman Z-Score is 2.42, which is 39% above median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Petroleum stock overvalued right now?
Based on GuruFocus' analysis, International Petroleum (IPCFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.08, compared to a current price of $21.72 — trading 66% above its estimated fair value. The current Altman Z-Score is 2.42, which is 39% above median its 10-year median of 1.74 and 26.7% above the Oil & Gas industry median of 1.91. International Petroleum's overall GF Score™ is 74/100 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 International Petroleum (IPCFF), the current Altman Z-Score is 2.42 as of Jun. 24, 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 International Petroleum (IPCFF) Overvalued in 2026?

Based on GuruFocus' analysis, International Petroleum stock appears to be overvalued. The current stock price of $21.72 is trading 66% above its estimated GF Value™ of $13.08. GuruFocus considers International Petroleum to be Significantly Overvalued.

Key valuation signals for IPCFF:

  • Altman Z-Score: 2.42 (39% above median its 10-year median of 1.74)
  • GF Value™: $13.08 vs. price of $21.72 (66% above fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 26.7% above the Oil & Gas median (#336 of 897)

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


International Petroleum Business Description

Industry EnergyOil & Gas
Address 1055 Dunsmuir Street, Suite 2800, Vancouver, BC, CAN, V7X 1L2
International Petroleum Corp is an international oil and gas exploration and production company. It is engaged in the exploration, development, and production of oil and gas. Geographically, the company holds a portfolio of oil and gas production assets and development projects in Canada, Malaysia, and France. It is based in Canada and derives revenue from the sales of gas, crude oil, and natural gas liquids, of which key revenue is derived from the sales of crude oil.
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.

$21.72
Price
$13.08
GF Value