Petronas Gas BhdPNAGF 77 Altman Z-Score is 5.57 as of Jun. 27, 2026, which is 3% above its 10-year median of 5.39. GuruFocus rates PNAGF with a GF Score™ of 77/100 and a GF Value™ of $4.48 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 897 Oil & Gas companies, Petronas Gas Bhd ranks better than 87.85% 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 5.8 is strong.
Petronas Gas Bhd has a Altman Z-Score of 5.57, 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 Petronas Gas Bhd's Altman Z-Score or its related term are showing as below:
PNAGF'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.14 Med: 5.39 Max: 10.66
Current: 5.8
During the past 13 years, Petronas Gas Bhd's highest Altman Z-Score was 10.66. The lowest was 4.14. And the median was 5.39.
Petronas Gas Bhd (OTCPK:PNAGF) 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.
Petronas Gas Bhd Altman Z-Score Related Terms
Petronas Gas Bhd Altman Z-Score Historical Data
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The historical data trend for Petronas Gas Bhd'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.
For the Oil & Gas Integrated subindustry, Petronas Gas Bhd'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.
Petronas Gas Bhd Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petronas Gas Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Petronas Gas Bhd'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.
Petronas Gas Bhd'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
*
0.0591
+
1.4
*
0.5349
+
3.3
*
0.1165
+
0.6
*
6.7657
+
1.0
*
0.3107
=
5.57
* 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.
Petronas Gas Bhd (PNAGF) has a Altman Z-Score of 5.57 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Petronas Gas Bhd and its competitors. This is near median its historical median of 5.39. Over the past decade, Petronas Gas Bhd's Altman Z-Score has ranged from 4.14 to 10.66. According to the industry distribution chart, Petronas Gas Bhd ranks #109 out of 897 companies in the Oil & Gas industry, placing it in the top 12.2%.
Is Petronas Gas Bhd's Altman Z-Score too high?
Petronas Gas Bhd's current Altman Z-Score of 5.57 is near median its 10-year median of 5.39. Over the past 10 years, this metric has ranged from a low of 4.14 to a high of 10.66. The Oil & Gas industry median Altman Z-Score is 1.90. Petronas Gas Bhd's value of 5.57 is 193.2% above this industry median. Based on the distribution chart, Petronas Gas Bhd ranks #109 out of 897 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Petronas Gas Bhd has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Petronas Gas Bhd's Altman Z-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petronas Gas Bhd ranks #109 out of 897 companies for Altman Z-Score. This places Petronas Gas Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.90. Petronas Gas Bhd's value of 5.57 is 193.2% above this benchmark. Historically, Petronas Gas Bhd's own Altman Z-Score has ranged from 4.14 to 10.66 over the past decade. While the company's 10-year median is 5.39 vs. the industry median of 1.90, Petronas Gas Bhd 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. Petronas Gas Bhd's current Altman Z-Score of 5.57 is 193.2% 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 Petronas Gas Bhd 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. Petronas Gas Bhd's current Altman Z-Score is 5.57, which is near median its own 10-year median of 5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petronas Gas Bhd stock overvalued right now?
Based on GuruFocus' analysis, Petronas Gas Bhd (PNAGF) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.48, compared to a current price of $4.45 — trading 0.7% below its estimated fair value. The current Altman Z-Score is 5.57, which is near median its 10-year median of 5.39 and 193.2% above the Oil & Gas industry median of 1.90. Petronas Gas Bhd's overall GF Score™ is 77/100 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 Petronas Gas Bhd (PNAGF), the current Altman Z-Score is 5.57 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 Petronas Gas Bhd (PNAGF) Overvalued in 2026?
Based on GuruFocus' analysis, Petronas Gas Bhd stock appears to be undervalued.
The current stock price of $4.45 is trading 0.7% below its estimated GF Value™ of $4.48.
GuruFocus considers Petronas Gas Bhd to be Modestly Overvalued.
Key valuation signals for PNAGF:
Altman Z-Score: 5.57 (near median its 10-year median of 5.39)
GF Value™: $4.48 vs. price of $4.45 (0.7% below fair value)
Industry Position: 193.2% above the Oil & Gas median (#109 of 897)
No single metric tells the full story. See the PNAGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petronas Gas Bhd is a Malaysian gas infrastructure and utilities company, of which Malaysia's nationalized oil corporation, PETRONAS, holds a majority interest. Petronas Gas segments its primary operations into Gas Processing, Gas Transportation, Utilities, and Regasification businesses. While each of these contributes significantly to the company's total revenue, its Utilities and Gas Processing units combine to generate the majority. In Gas Processing, Petronas Gas receives processing fees under multi-year contracts by processing natural gas piped offshore for its parent company, PETRONAS. The Gas Transportation business encompasses the transmission of offshore natural gas through pipelines to customers in Malaysia and Singapore under multi-year agreements with PETRONAS.
77GF Score
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