Oman Refreshment CoOGMUS:ORCI 54 Altman Z-Score is 2.78 as of Jun. 27, 2026, which is 25% below its 10-year median of 3.73. GuruFocus rates MUS:ORCI with a GF Score™ of 54/100 and a GF Value™ of ر.ع0.87 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 112 Beverages - Non-Alcoholic companies, Oman Refreshment CoOG ranks worse than 58.93% 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 2.84 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.
Oman Refreshment CoOG has a Altman Z-Score of 2.78, indicating it is in Grey Zones. This implies that Oman Refreshment CoOG 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 Oman Refreshment CoOG's Altman Z-Score or its related term are showing as below:
MUS:ORCI'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.58 Med: 3.73 Max: 7.19
Current: 2.84
During the past 13 years, Oman Refreshment CoOG's highest Altman Z-Score was 7.19. The lowest was 2.58. And the median was 3.73.
Oman Refreshment CoOG (MUS:ORCI) 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.
Altman Z-Score does not apply to financial companies.
Oman Refreshment CoOG Altman Z-Score Related Terms
Oman Refreshment CoOG Altman Z-Score Historical Data
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The historical data trend for Oman Refreshment CoOG'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.
MUS:ORCI vs KO, PEP, MNST: Altman Z-Score Comparison
For the Beverages - Non-Alcoholic subindustry, Oman Refreshment CoOG'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.
Oman Refreshment CoOG Altman Z-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Oman Refreshment CoOG's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Oman Refreshment CoOG'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.
* 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.
Oman Refreshment CoOG (MUS:ORCI) has a Altman Z-Score of 2.78 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Oman Refreshment CoOG and its competitors. This is 25% below median its historical median of 3.73. Over the past decade, Oman Refreshment CoOG's Altman Z-Score has ranged from 2.58 to 7.19. According to the industry distribution chart, Oman Refreshment CoOG ranks #66 out of 112 companies in the Beverages - Non-Alcoholic industry, placing it in the top 58.9%.
Is Oman Refreshment CoOG's Altman Z-Score too high?
Oman Refreshment CoOG's current Altman Z-Score of 2.78 is 25% below median its 10-year median of 3.73. Over the past 10 years, this metric has ranged from a low of 2.58 to a high of 7.19. The Beverages - Non-Alcoholic industry median Altman Z-Score is 3.38. Oman Refreshment CoOG's value of 2.78 is 17.8% below this industry median. Based on the distribution chart, Oman Refreshment CoOG ranks #66 out of 112 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Oman Refreshment CoOG has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oman Refreshment CoOG's Altman Z-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Oman Refreshment CoOG ranks #66 out of 112 companies for Altman Z-Score. This places Oman Refreshment CoOG in the lower half of its industry. The industry median Altman Z-Score is 3.38. Oman Refreshment CoOG's value of 2.78 is 17.8% below this benchmark. Historically, Oman Refreshment CoOG's own Altman Z-Score has ranged from 2.58 to 7.19 over the past decade. While the company's 10-year median is 3.73 vs. the industry median of 3.38, Oman Refreshment CoOG has consistently been below 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 Beverages - Non-Alcoholic company?
The median Altman Z-Score among Beverages - Non-Alcoholic companies is 3.38, based on 112 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. Oman Refreshment CoOG's current Altman Z-Score of 2.78 is 17.8% below 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 Oman Refreshment CoOG and its competitors. For the Beverages - Non-Alcoholic industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oman Refreshment CoOG's current Altman Z-Score is 2.78, which is 25% below median its own 10-year median of 3.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oman Refreshment CoOG stock overvalued right now?
Based on GuruFocus' analysis, Oman Refreshment CoOG (MUS:ORCI) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.87, compared to a current price of ر.ع1.20 — trading 37.9% above its estimated fair value. The current Altman Z-Score is 2.78, which is 25% below median its 10-year median of 3.73 and 17.8% below the Beverages - Non-Alcoholic industry median of 3.38. Oman Refreshment CoOG's overall GF Score™ is 54/100 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 Oman Refreshment CoOG (MUS:ORCI), the current Altman Z-Score is 2.78 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 Oman Refreshment CoOG (MUS:ORCI) Overvalued in 2026?
Based on GuruFocus' analysis, Oman Refreshment CoOG stock appears to be overvalued.
The current stock price of ر.ع1.20 is trading 37.9% above its estimated GF Value™ of ر.ع0.87.
GuruFocus considers Oman Refreshment CoOG to be Significantly Overvalued.
Key valuation signals for MUS:ORCI:
Altman Z-Score: 2.78 (25% below median its 10-year median of 3.73)
GF Value™: ر.ع0.87 vs. price of ر.ع1.20 (37.9% above fair value)
Industry Position: 17.8% below the Beverages - Non-Alcoholic median (#66 of 112)
No single metric tells the full story. See the MUS:ORCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oman Refreshment Co SAOG is engaged in the business of filling and distributing soft drinks, water, and juices, as well as trading in consumer-packaged goods. The company holds franchise rights to produce, fill, and distribute the PepsiCo range of soft drinks and Aquafina water. Additionally, it is involved in trading in new edge beverages, Lays range of snacks, Quaker range of Oat products, Eurocake and EDITA bakery products, Froneri ice cream range (Nestle, Mondelez) of products, and Dairy and Chilled range (Balade, Barada) of products, and certain Frozen food products throughout the Sultanate of Oman. Further, it also produces and distributes juices under its own brand name, Topfruit. The majority of the company's revenue is generated from the sale of carbonated soft drinks.
54GF Score
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