Sharqiyah Desalination CompanyOG (MUS:SHRQ) Altman Z-Score: 0.73 (As of Jul. 06, 2026) — Near Median


MUS:SHRQ Sharqiyah Desalination Company SAOG MUS:SHRQ
35 GF Score
Price ر.ع0.18
GF Value ر.ع0.12
Valuation Significantly Overvalued
! 13 Warning Signs
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What is Sharqiyah Desalination CompanyOG Altman Z-Score?

Sharqiyah Desalination CompanyOG MUS:SHRQ 35 Altman Z-Score is 0.73 as of Jul. 06, 2026, which is 6% above its 10-year median of 0.69. GuruFocus rates MUS:SHRQ with a GF Score™ of 35/100 and a GF Value™ of ر.ع0.12 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 499 Utilities - Regulated companies, Sharqiyah Desalination CompanyOG ranks worse than 80.76% 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 0.73 is in distress zone. This implies bankruptcy possibility in the next two years.

Sharqiyah Desalination CompanyOG has a Altman Z-Score of 0.73, 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 Sharqiyah Desalination CompanyOG's Altman Z-Score or its related term are showing as below:

MUS:SHRQ' s Altman Z-Score Range Over the Past 10 Years
Min: 0.59   Med: 0.69   Max: 3.52
Current: 0.73

During the past 13 years, Sharqiyah Desalination CompanyOG's highest Altman Z-Score was 3.52. The lowest was 0.59. And the median was 0.69.


Sharqiyah Desalination CompanyOG  (MUS:SHRQ) 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.


Sharqiyah Desalination CompanyOG Altman Z-Score Related Terms


Sharqiyah Desalination CompanyOG Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sharqiyah Desalination CompanyOG'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.

Sharqiyah Desalination CompanyOG Altman Z-Score Chart

Sharqiyah Desalination CompanyOG 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 0.59 0.63 0.68 0.69 0.70

Sharqiyah Desalination CompanyOG Semi-Annual Data
Dec12 Dec13 Dec14 Dec15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.63 0.68 0.69 0.70

MUS:SHRQ vs AWK, WTRG, AWR: Altman Z-Score Comparison

For the Utilities - Regulated Water subindustry, Sharqiyah Desalination CompanyOG'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.


Sharqiyah Desalination CompanyOG Altman Z-Score vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Sharqiyah Desalination CompanyOG's Altman Z-Score distribution charts can be found below:

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


MUS:SHRQ
35GF Score
Sharqiyah Desalination Company SAOG MUS:SHRQ
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sharqiyah Desalination CompanyOG 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.

Sharqiyah Desalination CompanyOG'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*0.0351+1.4*0.0404+3.3*0.0553+0.6*0.4217+1.0*0.1933
=0.73

* 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.ع56.01 Mil.
Total Current Assets was ر.ع8.22 Mil.
Total Current Liabilities was ر.ع6.26 Mil.
Retained Earnings was ر.ع2.26 Mil.
Pre-Tax Income was ر.ع0.59 Mil.
Interest Expense was ر.ع-2.50 Mil.
Revenue was ر.ع10.83 Mil.
Market Cap (Today) was ر.ع17.12 Mil.
Total Liabilities was ر.ع40.59 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
=(8.219 - 6.255)/56.005
=0.0351

X2=Retained Earnings/Total Assets
=2.264/56.005
=0.0404

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.592 - -2.503)/56.005
=0.0553

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=17.115/40.589
=0.4217

X5=Revenue/Total Assets
=10.828/56.005
=0.1933

The zones of discrimination were as such:

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

Sharqiyah Desalination CompanyOG has a Altman Z-Score of 0.73 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 0.73 mean?
Sharqiyah Desalination CompanyOG (MUS:SHRQ) has a Altman Z-Score of 0.73 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sharqiyah Desalination CompanyOG and its competitors. This is near median its historical median of 0.69. Over the past decade, Sharqiyah Desalination CompanyOG's Altman Z-Score has ranged from 0.59 to 3.52. According to the industry distribution chart, Sharqiyah Desalination CompanyOG ranks #403 out of 499 companies in the Utilities - Regulated industry, placing it in the top 80.8%.
Is Sharqiyah Desalination CompanyOG's Altman Z-Score too high?
Sharqiyah Desalination CompanyOG's current Altman Z-Score of 0.73 is near median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 3.52. The Utilities - Regulated industry median Altman Z-Score is 1.27. Sharqiyah Desalination CompanyOG's value of 0.73 is 42.5% below this industry median. Based on the distribution chart, Sharqiyah Desalination CompanyOG ranks #403 out of 499 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Sharqiyah Desalination CompanyOG has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sharqiyah Desalination CompanyOG's Altman Z-Score compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Sharqiyah Desalination CompanyOG ranks #403 out of 499 companies for Altman Z-Score. This places Sharqiyah Desalination CompanyOG in the lower half of its industry. The industry median Altman Z-Score is 1.27. Sharqiyah Desalination CompanyOG's value of 0.73 is 42.5% below this benchmark. Historically, Sharqiyah Desalination CompanyOG's own Altman Z-Score has ranged from 0.59 to 3.52 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.27, Sharqiyah Desalination CompanyOG 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 an Utilities - Regulated company?
The median Altman Z-Score among Utilities - Regulated companies is 1.27, based on 499 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. Sharqiyah Desalination CompanyOG's current Altman Z-Score of 0.73 is 42.5% 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 Sharqiyah Desalination CompanyOG and its competitors. For the Utilities - Regulated industry, the median Altman Z-Score is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sharqiyah Desalination CompanyOG's current Altman Z-Score is 0.73, which is near median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sharqiyah Desalination CompanyOG stock overvalued right now?
Based on GuruFocus' analysis, Sharqiyah Desalination CompanyOG (MUS:SHRQ) is currently considered Significantly Overvalued. The stock's GF Value™ is ر.ع0.12, compared to a current price of ر.ع0.18 — trading 45.8% above its estimated fair value. The current Altman Z-Score is 0.73, which is near median its 10-year median of 0.69 and 42.5% below the Utilities - Regulated industry median of 1.27. Sharqiyah Desalination CompanyOG's overall GF Score™ is 35/100 with 13 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 Sharqiyah Desalination CompanyOG (MUS:SHRQ), the current Altman Z-Score is 0.73 as of Jul. 06, 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 Sharqiyah Desalination CompanyOG (MUS:SHRQ) Overvalued in 2026?

Based on GuruFocus' analysis, Sharqiyah Desalination CompanyOG stock appears to be overvalued. The current stock price of ر.ع0.18 is trading 45.8% above its estimated GF Value™ of ر.ع0.12. GuruFocus considers Sharqiyah Desalination CompanyOG to be Significantly Overvalued.

Key valuation signals for MUS:SHRQ:

  • Altman Z-Score: 0.73 (near median its 10-year median of 0.69)
  • GF Value™: ر.ع0.12 vs. price of ر.ع0.18 (45.8% above fair value)
  • GF Score™: 35/100 with 13 warning signs
  • Industry Position: 42.5% below the Utilities - Regulated median (#403 of 499)

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


Sharqiyah Desalination CompanyOG Business Description

Address Bait Mahmiyat Al Qurum Building, Office No. 2, Ground Floor, Near Mumtaz Mahal, Shatti Al Qurum, Muscat, OMN, 114
Sharqiyah Desalination Company SAOG acquires, develops, operates, and maintains a water desalination plant at Sur in the Sharqiyah region of the Sultanate of Oman, producing potable water under a build-own-operate model.
35GF Score

Get the complete analysis for MUS:SHRQ

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

ر.ع0.18
Price
ر.ع0.12
GF Value