Pakistan Oilfields (KAR:POL) Altman Z-Score: 3.22 (As of Jun. 27, 2026) — Near Median


KAR:POL Pakistan Oilfields Ltd KAR:POL
91 GF Score
Price ₨691.99
GF Value ₨498.24
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Pakistan Oilfields Altman Z-Score?

Pakistan Oilfields KAR:POL 91 Altman Z-Score is 3.22 as of Jun. 27, 2026, which is 2% below its 10-year median of 3.29. GuruFocus rates KAR:POL with a GF Score™ of 91/100 and a GF Value™ of ₨498.24 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 897 Oil & Gas companies, Pakistan Oilfields ranks better than 72.13% 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 3.22 is strong.

Pakistan Oilfields has a Altman Z-Score of 3.22, 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 Pakistan Oilfields's Altman Z-Score or its related term are showing as below:

KAR:POL' s Altman Z-Score Range Over the Past 10 Years
Min: 2.74   Med: 3.29   Max: 4.98
Current: 3.22

During the past 13 years, Pakistan Oilfields's highest Altman Z-Score was 4.98. The lowest was 2.74. And the median was 3.29.


Pakistan Oilfields  (KAR:POL) 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.


Pakistan Oilfields Altman Z-Score Related Terms


Pakistan Oilfields Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Pakistan Oilfields'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.

Pakistan Oilfields Altman Z-Score Chart

Pakistan Oilfields Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.11 3.46 3.24 3.42 3.19

Pakistan Oilfields 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 3.20 3.19 3.10 3.11 3.10

KAR:POL vs COP, EOG, OXY: Altman Z-Score Comparison

For the Oil & Gas E&P subindustry, Pakistan Oilfields'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.


Pakistan Oilfields Altman Z-Score vs Oil & Gas Industry

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

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


KAR:POL
91GF Score
Pakistan Oilfields Ltd KAR:POL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pakistan Oilfields 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.

Pakistan Oilfields'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*0.4454+1.4*0.3751+3.3*0.2191+0.6*1.8932+1.0*0.3038
=3.22

* 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 ₨185,726 Mil.
Total Current Assets was ₨147,211 Mil.
Total Current Liabilities was ₨64,481 Mil.
Retained Earnings was ₨69,665 Mil.
Pre-Tax Income was 10996.603 + 8762.264 + 8657.545 + 8555.151 = ₨36,972 Mil.
Interest Expense was -733.573 + -733.572 + -733.572 + -1512.339 = ₨-3,713 Mil.
Revenue was 15524.88 + 14848.718 + 13419.085 + 12623.527 = ₨56,416 Mil.
Market Cap (Today) was ₨196,425 Mil.
Total Liabilities was ₨103,752 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
=(147210.645 - 64481.448)/185726.464
=0.4454

X2=Retained Earnings/Total Assets
=69664.534/185726.464
=0.3751

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(36971.563 - -3713.056)/185726.464
=0.2191

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=196424.893/103751.989
=1.8932

X5=Revenue/Total Assets
=56416.21/185726.464
=0.3038

The zones of discrimination were as such:

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

Pakistan Oilfields has a Altman Z-Score of 3.22 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 3.22 mean?
Pakistan Oilfields (KAR:POL) has a Altman Z-Score of 3.22 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Pakistan Oilfields and its competitors. This is near median its historical median of 3.29. Over the past decade, Pakistan Oilfields' Altman Z-Score has ranged from 2.74 to 4.98. According to the industry distribution chart, Pakistan Oilfields ranks #250 out of 897 companies in the Oil & Gas industry, placing it in the top 27.9%.
Is Pakistan Oilfields' Altman Z-Score too high?
Pakistan Oilfields' current Altman Z-Score of 3.22 is near median its 10-year median of 3.29. Over the past 10 years, this metric has ranged from a low of 2.74 to a high of 4.98. The Oil & Gas industry median Altman Z-Score is 1.90. Pakistan Oilfields' value of 3.22 is 69.5% above this industry median. Based on the distribution chart, Pakistan Oilfields ranks #250 out of 897 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Pakistan Oilfields has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Oilfields' Altman Z-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Pakistan Oilfields ranks #250 out of 897 companies for Altman Z-Score. This puts Pakistan Oilfields in the upper half of its industry. The industry median Altman Z-Score is 1.90. Pakistan Oilfields' value of 3.22 is 69.5% above this benchmark. Historically, Pakistan Oilfields' own Altman Z-Score has ranged from 2.74 to 4.98 over the past decade. While the company's 10-year median is 3.29 vs. the industry median of 1.90, Pakistan Oilfields 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 1.90, 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. Pakistan Oilfields's current Altman Z-Score of 3.22 is 69.5% 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 Pakistan Oilfields and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan Oilfields's current Altman Z-Score is 3.22, which is near median its own 10-year median of 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Oilfields stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Oilfields (KAR:POL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨498.24, compared to a current price of ₨691.99 — trading 38.9% above its estimated fair value. The current Altman Z-Score is 3.22, which is near median its 10-year median of 3.29 and 69.5% above the Oil & Gas industry median of 1.90. Pakistan Oilfields' overall GF Score™ is 91/100 with 7 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 Pakistan Oilfields (KAR:POL), the current Altman Z-Score is 3.22 as of Jun. 27, 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 Pakistan Oilfields (KAR:POL) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan Oilfields stock appears to be overvalued. The current stock price of ₨691.99 is trading 38.9% above its estimated GF Value™ of ₨498.24. GuruFocus considers Pakistan Oilfields to be Significantly Overvalued.

Key valuation signals for KAR:POL:

  • Altman Z-Score: 3.22 (near median its 10-year median of 3.29)
  • GF Value™: ₨498.24 vs. price of ₨691.99 (38.9% above fair value)
  • GF Score™: 91/100 with 7 warning signs
  • Industry Position: 69.5% above the Oil & Gas median (#250 of 897)

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


Pakistan Oilfields Business Description

Industry EnergyOil & Gas
Address P.O.L. House, Morgah, Rawalpindi, PB, PAK
Pakistan Oilfields Ltd (POL) is principally engaged in the exploration, drilling, and production of crude oil and gas. The company also manufactures LPG (Liquified Petroleum Gas), solvent oil, and sulphur. It markets LPG under its own brand named POLGAS as well as through its subsidiary.
91GF Score

Get the complete analysis for KAR:POL

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

₨691.99
Price
₨498.24
GF Value