Positron EnergyNSE:POSITRON -2.09%19 Altman Z-Score is 6.82 as of Jul. 04, 2026, which is 18% below its 10-year median of 8.33. GuruFocus rates NSE:POSITRON with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 896 Oil & Gas companies, Positron Energy ranks better than 91.18% 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 6.88 is strong.
Positron Energy has a Altman Z-Score of 6.82, 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 Positron Energy's Altman Z-Score or its related term are showing as below:
NSE:POSITRON'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.88 Med: 8.33 Max: 8.33
Current: 6.88
During the past 5 years, Positron Energy's highest Altman Z-Score was 8.33. The lowest was 6.88. And the median was 8.33.
Positron Energy (NSE:POSITRON) 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.
Positron Energy Altman Z-Score Related Terms
Positron Energy Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Positron Energy'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.
Positron Energy Altman Z-Score Chart
Positron Energy Annual Data
Trend
Mar21
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
0.00
8.33
Positron Energy Semi-Annual Data
Mar21
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
0.00
8.33
NSE:POSITRON vs SLB, BKR, HAL: Altman Z-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Positron Energy'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.
Positron Energy Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Positron Energy's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Positron Energy'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.
Positron Energy'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
*
0.6452
+
1.4
*
0.2355
+
3.3
*
0.1934
+
0.6
*
3.59
+
1.0
*
2.9224
=
6.82
* 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.
Positron Energy (NSE:POSITRON) has a Altman Z-Score of 6.82 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Positron Energy and its competitors. This is 18% below median its historical median of 8.33. Over the past decade, Positron Energy's Altman Z-Score has ranged from 6.88 to 8.33. According to the industry distribution chart, Positron Energy ranks #79 out of 896 companies in the Oil & Gas industry, placing it in the top 8.8%.
Is Positron Energy's Altman Z-Score too high?
Positron Energy's current Altman Z-Score of 6.82 is 18% below median its 10-year median of 8.33. Over the past 10 years, this metric has ranged from a low of 6.88 to a high of 8.33. The Oil & Gas industry median Altman Z-Score is 1.89. Positron Energy's value of 6.82 is 260.8% above this industry median. Based on the distribution chart, Positron Energy ranks #79 out of 896 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Positron Energy has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Positron Energy's Altman Z-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Positron Energy ranks #79 out of 896 companies for Altman Z-Score. This places Positron Energy in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.89. Positron Energy's value of 6.82 is 260.8% above this benchmark. Historically, Positron Energy's own Altman Z-Score has ranged from 6.88 to 8.33 over the past decade. While the company's 10-year median is 8.33 vs. the industry median of 1.89, Positron Energy 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 1.89, based on 896 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. Positron Energy's current Altman Z-Score of 6.82 is 260.8% 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 Positron Energy and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Positron Energy's current Altman Z-Score is 6.82, which is 18% below median its own 10-year median of 8.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Positron Energy stock overvalued right now?
Positron Energy (NSE:POSITRON) has a current Altman Z-Score of 6.82. The current Altman Z-Score is 6.82, which is 18% below median its 10-year median of 8.33 and 260.8% above the Oil & Gas industry median of 1.89. Positron Energy's overall GF Score™ is 19/100 with 2 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 Positron Energy (NSE:POSITRON), the current Altman Z-Score is 6.82 as of Jul. 04, 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.
Positron Energy Ltd is engaged in Management & Technical Advisory Services of the Oil and Gas Industry. It provides end-to-end solutions for Gas distribution to the Industries across India. The company offers management consultancy services, including commercial and financial advisory, technical services, and project management and O&M (Operation and Maintenance) Services, across the Gas Sector in India. Its technical qualifications and empanelment with industrial customers attest to its reliability. The company is engaged in gas distribution solutions and management & technical advisory services, which is the only segment.
19GF Score
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