Independent Petroleum Group KSCP (KUW:IPG) Altman Z-Score: 2.18 (As of Jul. 05, 2026) — 13% Below Median


KUW:IPG Independent Petroleum Group KSCP KUW:IPG
33 GF Score
Price KWD0.63
GF Value KWD0.36
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Independent Petroleum Group KSCP Altman Z-Score?

Independent Petroleum Group KSCP KUW:IPG 33 Altman Z-Score is 2.18 as of Jul. 05, 2026, which is 13% below its 10-year median of 2.50. GuruFocus rates KUW:IPG with a GF Score™ of 33/100 and a GF Value™ of KWD0.36 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 898 Oil & Gas companies, Independent Petroleum Group KSCP ranks better than 56.57% 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 2.18 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.

Independent Petroleum Group KSCP has a Altman Z-Score of 2.18, indicating it is in Grey Zones. This implies that Independent Petroleum Group KSCP 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 Independent Petroleum Group KSCP's Altman Z-Score or its related term are showing as below:

KUW:IPG' s Altman Z-Score Range Over the Past 10 Years
Min: 2.02   Med: 2.5   Max: 4.19
Current: 2.18

During the past 13 years, Independent Petroleum Group KSCP's highest Altman Z-Score was 4.19. The lowest was 2.02. And the median was 2.50.


Independent Petroleum Group KSCP  (KUW:IPG) 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.


Independent Petroleum Group KSCP Altman Z-Score Related Terms


Independent Petroleum Group KSCP Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Independent Petroleum Group KSCP'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.

Independent Petroleum Group KSCP Altman Z-Score Chart

Independent Petroleum Group KSCP 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 2.78 4.19 2.55 2.94 2.61

Independent Petroleum Group KSCP 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 2.83 3.30 3.07 2.61 2.16

KUW:IPG vs XOM, CVX: Altman Z-Score Comparison

For the Oil & Gas Integrated subindustry, Independent Petroleum Group KSCP'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.


Independent Petroleum Group KSCP Altman Z-Score vs Oil & Gas Industry

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

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


KUW:IPG
33GF Score
Independent Petroleum Group KSCP KUW:IPG
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Independent Petroleum Group KSCP 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.

Independent Petroleum Group KSCP'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*-0.0131+1.4*0.0574+3.3*0.0457+0.6*0.3095+1.0*1.7837
=2.18

* 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 KWD478.7 Mil.
Total Current Assets was KWD348.3 Mil.
Total Current Liabilities was KWD354.5 Mil.
Retained Earnings was KWD27.5 Mil.
Pre-Tax Income was 2.697 + 1.851 + 2.5 + 5.316 = KWD12.4 Mil.
Interest Expense was -2.668 + -2.189 + -1.964 + -2.695 = KWD-9.5 Mil.
Revenue was 234.197 + 237.392 + 228.559 + 153.698 = KWD853.8 Mil.
Market Cap (Today) was KWD113.9 Mil.
Total Liabilities was KWD368.0 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
=(348.254 - 354.532)/478.685
=-0.0131

X2=Retained Earnings/Total Assets
=27.454/478.685
=0.0574

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(12.364 - -9.516)/478.685
=0.0457

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=113.896/367.95
=0.3095

X5=Revenue/Total Assets
=853.846/478.685
=1.7837

The zones of discrimination were as such:

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

Independent Petroleum Group KSCP has a Altman Z-Score of 2.18 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 2.18 mean?
Independent Petroleum Group KSCP (KUW:IPG) has a Altman Z-Score of 2.18 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Independent Petroleum Group KSCP and its competitors. This is 13% below median its historical median of 2.50. Over the past decade, Independent Petroleum Group KSCP's Altman Z-Score has ranged from 2.02 to 4.19. According to the industry distribution chart, Independent Petroleum Group KSCP ranks #390 out of 898 companies in the Oil & Gas industry, placing it in the top 43.4%.
Is Independent Petroleum Group KSCP's Altman Z-Score too high?
Independent Petroleum Group KSCP's current Altman Z-Score of 2.18 is 13% below median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 4.19. The Oil & Gas industry median Altman Z-Score is 1.90. Independent Petroleum Group KSCP's value of 2.18 is 14.7% above this industry median. Based on the distribution chart, Independent Petroleum Group KSCP ranks #390 out of 898 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Independent Petroleum Group KSCP has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Petroleum Group KSCP's Altman Z-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Independent Petroleum Group KSCP ranks #390 out of 898 companies for Altman Z-Score. This puts Independent Petroleum Group KSCP in the upper half of its industry. The industry median Altman Z-Score is 1.90. Independent Petroleum Group KSCP's value of 2.18 is 14.7% above this benchmark. Historically, Independent Petroleum Group KSCP's own Altman Z-Score has ranged from 2.02 to 4.19 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 1.90, Independent Petroleum Group KSCP 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 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. Independent Petroleum Group KSCP's current Altman Z-Score of 2.18 is 14.7% 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 Independent Petroleum Group KSCP 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. Independent Petroleum Group KSCP's current Altman Z-Score is 2.18, which is 13% below median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Petroleum Group KSCP stock overvalued right now?
Based on GuruFocus' analysis, Independent Petroleum Group KSCP (KUW:IPG) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.36, compared to a current price of KWD0.63 — trading 75% above its estimated fair value. The current Altman Z-Score is 2.18, which is 13% below median its 10-year median of 2.50 and 14.7% above the Oil & Gas industry median of 1.90. Independent Petroleum Group KSCP's overall GF Score™ is 33/100 with 5 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 Independent Petroleum Group KSCP (KUW:IPG), the current Altman Z-Score is 2.18 as of Jul. 05, 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 Independent Petroleum Group KSCP (KUW:IPG) Overvalued in 2026?

Based on GuruFocus' analysis, Independent Petroleum Group KSCP stock appears to be overvalued. The current stock price of KWD0.63 is trading 75% above its estimated GF Value™ of KWD0.36. GuruFocus considers Independent Petroleum Group KSCP to be Significantly Overvalued.

Key valuation signals for KUW:IPG:

  • Altman Z-Score: 2.18 (13% below median its 10-year median of 2.50)
  • GF Value™: KWD0.36 vs. price of KWD0.63 (75% above fair value)
  • GF Score™: 33/100 with 5 warning signs
  • Industry Position: 14.7% above the Oil & Gas median (#390 of 898)

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


Independent Petroleum Group KSCP Business Description

Industry EnergyOil & Gas
Address Area 1A, Street 7, 4th Ring Road, P.O. Box 24027, Building, No. 18, Jabriya, Safat, KWT, 13101
Independent Petroleum Group KSCP is engaged in the trading and marketing of crude oil, petroleum products. The trading of crude oil and petroleum products is also related to storage and distribution operations. LPG, petrochemicals, and fertilizers. In addition to this core activity, it has interests in terminals, pipelines, and shipping. The group operates in Europe, Africa and Middle East, and Asia and the Far East where Africa and the Middle East region generates maximum revenue.
33GF Score

Get the complete analysis for KUW:IPG

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

KWD0.63
Price
KWD0.36
GF Value