Ooredoo (MUS:ORDS) Altman Z-Score: 1.74 (As of Jun. 27, 2026) — Near Median


MUS:ORDS Ooredoo MUS:ORDS
53 GF Score
Price ر.ع0.33
GF Value ر.ع0.28
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Ooredoo Altman Z-Score?

Ooredoo MUS:ORDS 53 Altman Z-Score is 1.74 as of Jun. 27, 2026, which is 3% below its 10-year median of 1.79. GuruFocus rates MUS:ORDS with a GF Score™ of 53/100 and a GF Value™ of ر.ع0.28 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 366 Telecommunication Services companies, Ooredoo ranks better than 51.91% 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 1.75 is in distress zone. This implies bankruptcy possibility in the next two years.

Ooredoo has a Altman Z-Score of 1.74, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Ooredoo's Altman Z-Score or its related term are showing as below:

MUS:ORDS' s Altman Z-Score Range Over the Past 10 Years
Min: 1.42   Med: 1.79   Max: 3
Current: 1.75

During the past 13 years, Ooredoo's highest Altman Z-Score was 3.00. The lowest was 1.42. And the median was 1.79.


Ooredoo  (MUS:ORDS) 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.


Ooredoo Altman Z-Score Related Terms


Ooredoo Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ooredoo'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.

Ooredoo Altman Z-Score Chart

Ooredoo 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 1.42 1.46 1.86 1.71 1.64

Ooredoo Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Dec20 Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Dec25
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 1.82 1.82 1.84 1.71 1.64

MUS:ORDS vs TMUS, VZ, T: Altman Z-Score Comparison

For the Telecom Services subindustry, Ooredoo'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.


Ooredoo Altman Z-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Ooredoo's Altman Z-Score distribution charts can be found below:

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


MUS:ORDS
53GF Score
Ooredoo MUS:ORDS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ooredoo 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.

Ooredoo'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*-0.136+1.4*0.4025+3.3*0.0307+0.6*1.308+1.0*0.4499
=1.74

* 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 Dec. 2025:
Total Assets was ر.ع416.5 Mil.
Total Current Assets was ر.ع62.3 Mil.
Total Current Liabilities was ر.ع119.0 Mil.
Retained Earnings was ر.ع167.6 Mil.
Pre-Tax Income was 0 + 5.444 + 2.794 + 2.501 = ر.ع10.7 Mil.
Interest Expense was 0 + -0.317 + -0.804 + -0.92 = ر.ع-2.0 Mil.
Revenue was 0 + 62.887 + 62.057 + 62.456 = ر.ع187.4 Mil.
Market Cap (Today) was ر.ع211.6 Mil.
Total Liabilities was ر.ع161.7 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
=(62.332 - 118.994)/416.533
=-0.136

X2=Retained Earnings/Total Assets
=167.638/416.533
=0.4025

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(10.739 - -2.041)/416.533
=0.0307

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=211.557/161.738
=1.308

X5=Revenue/Total Assets
=187.4/416.533
=0.4499

The zones of discrimination were as such:

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

Ooredoo has a Altman Z-Score of 1.74 indicating it is in Distress 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 1.74 mean?
Ooredoo (MUS:ORDS) has a Altman Z-Score of 1.74 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ooredoo and its competitors. This is near median its historical median of 1.79. Over the past decade, Ooredoo's Altman Z-Score has ranged from 1.42 to 3.00. According to the industry distribution chart, Ooredoo ranks #176 out of 366 companies in the Telecommunication Services industry, placing it in the top 48.1%.
Is Ooredoo's Altman Z-Score too high?
Ooredoo's current Altman Z-Score of 1.74 is near median its 10-year median of 1.79. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 3.00. The Telecommunication Services industry median Altman Z-Score is 1.72. Ooredoo's value of 1.74 is 1.2% above this industry median. Based on the distribution chart, Ooredoo ranks #176 out of 366 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Ooredoo has a GF Score™ of 53/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ooredoo's Altman Z-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Ooredoo ranks #176 out of 366 companies for Altman Z-Score. This puts Ooredoo in the upper half of its industry. The industry median Altman Z-Score is 1.72. Ooredoo's value of 1.74 is 1.2% above this benchmark. Historically, Ooredoo's own Altman Z-Score has ranged from 1.42 to 3.00 over the past decade. While the company's 10-year median is 1.79 vs. the industry median of 1.72, Ooredoo 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 a Telecommunication Services company?
The median Altman Z-Score among Telecommunication Services companies is 1.72, based on 366 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. Ooredoo's current Altman Z-Score of 1.74 is 1.2% 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 Ooredoo and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ooredoo's current Altman Z-Score is 1.74, which is near median its own 10-year median of 1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ooredoo stock overvalued right now?
Based on GuruFocus' analysis, Ooredoo (MUS:ORDS) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع0.28, compared to a current price of ر.ع0.33 — trading 16.1% above its estimated fair value. The current Altman Z-Score is 1.74, which is near median its 10-year median of 1.79 and 1.2% above the Telecommunication Services industry median of 1.72. Ooredoo's overall GF Score™ is 53/100 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 Ooredoo (MUS:ORDS), the current Altman Z-Score is 1.74 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 Ooredoo (MUS:ORDS) Overvalued in 2026?

Based on GuruFocus' analysis, Ooredoo stock appears to be overvalued. The current stock price of ر.ع0.33 is trading 16.1% above its estimated GF Value™ of ر.ع0.28. GuruFocus considers Ooredoo to be Modestly Overvalued.

Key valuation signals for MUS:ORDS:

  • Altman Z-Score: 1.74 (near median its 10-year median of 1.79)
  • GF Value™: ر.ع0.28 vs. price of ر.ع0.33 (16.1% above fair value)
  • GF Score™: 53/100 with 7 warning signs
  • Industry Position: 1.2% above the Telecommunication Services median (#176 of 366)

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


Ooredoo Business Description

Address Central Post Office, P.O. Box 874, Tilal Building, Muscat, OMN, 111
Ooredoo is an Oman-based company operating in the telecom industry. The principal activities of the company are the operation, maintenance, and development of mobile and fixed telecommunications services in the Sultanate of Oman. The company operates through two business segments, namely Mobile and Fixed-line. The Mobile segment is engaged in the operation of Global System for Mobile Communication (GSM) for pre-paid and post-paid services, sale of telecommunication equipment and other associated services. The Fixed-line segment is involved in the provision of international and national voice and data services from fixed line, sale of telecommunication equipment and other associated services. It derives a majority of its revenue from the Mobile segment.
53GF Score

Get the complete analysis for MUS:ORDS

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

ر.ع0.33
Price
ر.ع0.28
GF Value