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Saudi Arabian Refineries CoSAU:2030 -0.60%54 Altman Z-Score is 19.34 as of Jul. 21, 2026, which is 48% below its 10-year median of 37.28. GuruFocus rates SAU:2030 with a GF Score™ of 54/100 and a GF Value™ of ﷼9.76 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 548 Conglomerates companies, Saudi Arabian Refineries Co ranks better than 97.81% 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 19.59 is strong.
Saudi Arabian Refineries Co has a Altman Z-Score of 19.34, 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 Saudi Arabian Refineries Co's Altman Z-Score or its related term are showing as below:
SAU:2030'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.88 Med: 37.28 Max: 371.21
Current: 19.59
During the past 13 years, Saudi Arabian Refineries Co's highest Altman Z-Score was 371.21. The lowest was 0.88. And the median was 37.28.
Saudi Arabian Refineries Co (SAU:2030) 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.
For the Conglomerates subindustry, Saudi Arabian Refineries Co'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.
Saudi Arabian Refineries Co Altman Z-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Saudi Arabian Refineries Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Saudi Arabian Refineries Co's Altman Z-Score falls into.
Saudi Arabian Refineries Co 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.
Saudi Arabian Refineries Co (SAU:2030) has a Altman Z-Score of 19.34 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Saudi Arabian Refineries Co and its competitors. This is 48% below median its historical median of 37.28. Over the past decade, Saudi Arabian Refineries Co's Altman Z-Score has ranged from 0.88 to 371.21. According to the industry distribution chart, Saudi Arabian Refineries Co ranks #12 out of 548 companies in the Conglomerates industry, placing it in the top 2.2%.
Is Saudi Arabian Refineries Co's Altman Z-Score too high?
Saudi Arabian Refineries Co's current Altman Z-Score of 19.34 is 48% below median its 10-year median of 37.28. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 371.21. The Conglomerates industry median Altman Z-Score is 2.07. Saudi Arabian Refineries Co's value of 19.34 is 834.3% above this industry median. Based on the distribution chart, Saudi Arabian Refineries Co ranks #12 out of 548 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Saudi Arabian Refineries Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saudi Arabian Refineries Co's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Saudi Arabian Refineries Co ranks #12 out of 548 companies for Altman Z-Score. This places Saudi Arabian Refineries Co in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.07. Saudi Arabian Refineries Co's value of 19.34 is 834.3% above this benchmark. Historically, Saudi Arabian Refineries Co's own Altman Z-Score has ranged from 0.88 to 371.21 over the past decade. While the company's 10-year median is 37.28 vs. the industry median of 2.07, Saudi Arabian Refineries Co 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.07, based on 548 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. Saudi Arabian Refineries Co's current Altman Z-Score of 19.34 is 834.3% 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 Saudi Arabian Refineries Co and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saudi Arabian Refineries Co's current Altman Z-Score is 19.34, which is 48% below median its own 10-year median of 37.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saudi Arabian Refineries Co stock overvalued right now?
Based on GuruFocus' analysis, Saudi Arabian Refineries Co (SAU:2030) is currently considered Significantly Overvalued. The stock's GF Value™ is ﷼9.76, compared to a current price of ﷼49.68 — trading 409% above its estimated fair value. The current Altman Z-Score is 19.34, which is 48% below median its 10-year median of 37.28 and 834.3% above the Conglomerates industry median of 2.07. Saudi Arabian Refineries Co's overall GF Score™ is 54/100 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 Saudi Arabian Refineries Co (SAU:2030), the current Altman Z-Score is 19.34 as of Jul. 21, 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 Saudi Arabian Refineries Co (SAU:2030) Overvalued in 2026?
Based on GuruFocus' analysis, Saudi Arabian Refineries Co stock appears to be overvalued.
The current stock price of ﷼49.68 is trading 409% above its estimated GF Value™ of ﷼9.76.
GuruFocus considers Saudi Arabian Refineries Co to be Significantly Overvalued.
Key valuation signals for SAU:2030:
Altman Z-Score: 19.34 (48% below median its 10-year median of 37.28)
GF Value™: ﷼9.76 vs. price of ﷼49.68 (409% above fair value)
Industry Position: 834.3% above the Conglomerates median (#12 of 548)
No single metric tells the full story. See the SAU:2030 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saudi Arabian Refineries Co is engaged in a diversified line of business. The company's activities include the Extraction of crude oil and construction of refineries, petrochemical plants, and refineries; Dealing in securities in an authentic manner; Buying and selling lands and real estate, dividing them and selling activities on the map and Management and leasing of real estate owned or leased.
54GF Score
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