What is North European Oil Royalty Trust Altman Z-Score?
North European Oil Royalty TrustNRT +1.25%69 Altman Z-Score is 31.63 as of Jun. 27, 2026, which is 18% below its 10-year median of 38.61. GuruFocus rates NRT with a GF Score™ of 69/100 and a GF Value™ of $7.97 (Fairly Valued). The stock has 3 warning signs investors should review. Among 897 Oil & Gas companies, North European Oil Royalty Trust ranks better than 98.44% 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 31.63 is strong.
North European Oil Royalty Trust has a Altman Z-Score of 31.63, 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 North European Oil Royalty Trust's Altman Z-Score or its related term are showing as below:
NRT'
s Altman Z-Score Range Over the Past 10 Years
Min: 18.41 Med: 38.61 Max: 169.89
Current: 31.63
During the past 13 years, North European Oil Royalty Trust's highest Altman Z-Score was 169.89. The lowest was 18.41. And the median was 38.61.
North European Oil Royalty Trust (NYSE:NRT) 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.
* 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.
North European Oil Royalty Trust Altman Z-Score Chart
For the Oil & Gas E&P subindustry, North European Oil Royalty Trust'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.
North European Oil Royalty Trust Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, North European Oil Royalty Trust's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where North European Oil Royalty Trust's Altman Z-Score falls into.
North European Oil Royalty Trust 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.
* 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.
North European Oil Royalty Trust (NRT) has a Altman Z-Score of 31.63 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on North European Oil Royalty Trust and its competitors. This is 18% below median its historical median of 38.61. Over the past decade, North European Oil Royalty Trust's Altman Z-Score has ranged from 18.41 to 169.89. According to the industry distribution chart, North European Oil Royalty Trust ranks #14 out of 897 companies in the Oil & Gas industry, placing it in the top 1.6%.
Is North European Oil Royalty Trust's Altman Z-Score too high?
North European Oil Royalty Trust's current Altman Z-Score of 31.63 is 18% below median its 10-year median of 38.61. Over the past 10 years, this metric has ranged from a low of 18.41 to a high of 169.89. The Oil & Gas industry median Altman Z-Score is 1.90. North European Oil Royalty Trust's value of 31.63 is 1564.7% above this industry median. Based on the distribution chart, North European Oil Royalty Trust ranks #14 out of 897 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, North European Oil Royalty Trust has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does North European Oil Royalty Trust's Altman Z-Score compare to LRDC and CRT?
According to the Oil & Gas industry distribution chart, North European Oil Royalty Trust ranks #14 out of 897 companies for Altman Z-Score. This places North European Oil Royalty Trust in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.90. North European Oil Royalty Trust's value of 31.63 is 1564.7% above this benchmark. Historically, North European Oil Royalty Trust's own Altman Z-Score has ranged from 18.41 to 169.89 over the past decade. While the company's 10-year median is 38.61 vs. the industry median of 1.90, North European Oil Royalty Trust 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. North European Oil Royalty Trust's current Altman Z-Score of 31.63 is 1564.7% 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 North European Oil Royalty Trust 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. North European Oil Royalty Trust's current Altman Z-Score is 31.63, which is 18% below median its own 10-year median of 38.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North European Oil Royalty Trust stock overvalued right now?
Based on GuruFocus' analysis, North European Oil Royalty Trust (NRT) is currently considered Fairly Valued. The stock's GF Value™ is $7.97, compared to a current price of $7.27 — trading 8.8% below its estimated fair value. The current Altman Z-Score is 31.63, which is 18% below median its 10-year median of 38.61 and 1564.7% above the Oil & Gas industry median of 1.90. North European Oil Royalty Trust's overall GF Score™ is 69/100 with 3 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 North European Oil Royalty Trust (NRT), the current Altman Z-Score is 31.63 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 North European Oil Royalty Trust (NRT) Overvalued in 2026?
Based on GuruFocus' analysis, North European Oil Royalty Trust stock appears to be undervalued.
The current stock price of $7.27 is trading 8.8% below its estimated GF Value™ of $7.97.
GuruFocus considers North European Oil Royalty Trust to be Fairly Valued.
Key valuation signals for NRT:
Altman Z-Score: 31.63 (18% below median its 10-year median of 38.61)
GF Value™: $7.97 vs. price of $7.27 (8.8% below fair value)
Industry Position: 1564.7% above the Oil & Gas median (#14 of 897)
No single metric tells the full story. See the NRT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North European Oil Royalty Trust Business Description
North European Oil Royalty Trust holds overriding royalty rights covering gas and oil production in certain concessions or leases in the Federal Republic of Germany. The properties of the trust are overriding royalty rights on sales of gas, sulfur, and oil under certain concessions or leases in the Federal Republic of Germany. The trust also holds other royalty rights, which are based on leases. It receives various percentages of royalties on the proceeds of the sales of certain products from the areas involved.
69GF Score
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