Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Natural Gas Distribution CoSAU:9516 -0.43%67 Altman Z-Score is 3.34 as of Jul. 18, 2026, which is 46% below its 10-year median of 6.22. GuruFocus rates SAU:9516 with a GF Score™ of 67/100 and a GF Value™ of ﷼79.58 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 498 Utilities - Regulated companies, Natural Gas Distribution Co ranks better than 85.14% 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 3.39 is strong.
Natural Gas Distribution Co has a Altman Z-Score of 3.34, 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 Natural Gas Distribution Co's Altman Z-Score or its related term are showing as below:
SAU:9516'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.39 Med: 6.22 Max: 7.31
Current: 3.39
During the past 6 years, Natural Gas Distribution Co's highest Altman Z-Score was 7.31. The lowest was 3.39. And the median was 6.22.
Natural Gas Distribution Co (SAU:9516) 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.
SAU:9516 vs ATO, NI, UGI: Altman Z-Score Comparison
For the Utilities - Regulated Gas subindustry, Natural Gas Distribution 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.
Natural Gas Distribution Co Altman Z-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Natural Gas Distribution Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Natural Gas Distribution Co's Altman Z-Score falls into.
Natural Gas Distribution 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.
Natural Gas Distribution Co (SAU:9516) has a Altman Z-Score of 3.34 as of Jul. 18, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Natural Gas Distribution Co and its competitors. This is 46% below median its historical median of 6.22. Over the past decade, Natural Gas Distribution Co's Altman Z-Score has ranged from 3.39 to 7.31. According to the industry distribution chart, Natural Gas Distribution Co ranks #74 out of 498 companies in the Utilities - Regulated industry, placing it in the top 14.9%.
Is Natural Gas Distribution Co's Altman Z-Score too high?
Natural Gas Distribution Co's current Altman Z-Score of 3.34 is 46% below median its 10-year median of 6.22. Over the past 10 years, this metric has ranged from a low of 3.39 to a high of 7.31. The Utilities - Regulated industry median Altman Z-Score is 1.27. Natural Gas Distribution Co's value of 3.34 is 163% above this industry median. Based on the distribution chart, Natural Gas Distribution Co ranks #74 out of 498 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Natural Gas Distribution Co has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Natural Gas Distribution Co's Altman Z-Score compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Natural Gas Distribution Co ranks #74 out of 498 companies for Altman Z-Score. This places Natural Gas Distribution Co in the top 15% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.27. Natural Gas Distribution Co's value of 3.34 is 163% above this benchmark. Historically, Natural Gas Distribution Co's own Altman Z-Score has ranged from 3.39 to 7.31 over the past decade. While the company's 10-year median is 6.22 vs. the industry median of 1.27, Natural Gas Distribution 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 an Utilities - Regulated company?
The median Altman Z-Score among Utilities - Regulated companies is 1.27, based on 498 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. Natural Gas Distribution Co's current Altman Z-Score of 3.34 is 163% 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 Natural Gas Distribution Co 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. Natural Gas Distribution Co's current Altman Z-Score is 3.34, which is 46% below median its own 10-year median of 6.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Gas Distribution Co stock overvalued right now?
Based on GuruFocus' analysis, Natural Gas Distribution Co (SAU:9516) is currently considered Significantly Undervalued. The stock's GF Value™ is ﷼79.58, compared to a current price of ﷼23.40 — trading 70.6% below its estimated fair value. The current Altman Z-Score is 3.34, which is 46% below median its 10-year median of 6.22 and 163% above the Utilities - Regulated industry median of 1.27. Natural Gas Distribution Co's overall GF Score™ is 67/100 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 Natural Gas Distribution Co (SAU:9516), the current Altman Z-Score is 3.34 as of Jul. 18, 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 Natural Gas Distribution Co (SAU:9516) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Gas Distribution Co stock appears to be undervalued.
The current stock price of ﷼23.40 is trading 70.6% below its estimated GF Value™ of ﷼79.58.
GuruFocus considers Natural Gas Distribution Co to be Significantly Undervalued.
Key valuation signals for SAU:9516:
Altman Z-Score: 3.34 (46% below median its 10-year median of 6.22)
GF Value™: ﷼79.58 vs. price of ﷼23.40 (70.6% below fair value)
Industry Position: 163% above the Utilities - Regulated median (#74 of 498)
No single metric tells the full story. See the SAU:9516 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Gas Distribution Co is engaged in the operation and maintenance of natural gas networks in the second industrial city and industrial cities in the Kingdom. The company's business is to supply the factories located in the second industrial city in Riyadh. It is supplied with natural gas from Saudi Aramco through a main pipeline.
67GF Score
Get the complete analysis for SAU:9516
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SAU:9516 has been successfully added to your 
