Akobo Minerals AB (OSL:AKOBO) Probability of Financial Distress (%): 0.63% (As of Jun. 30, 2026)


OSL:AKOBO Akobo Minerals AB OSL:AKOBO
23 GF Score
Price kr1.46
! 6 Warning Signs
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What is Akobo Minerals AB Probability of Financial Distress (%)?

Akobo Minerals AB OSL:AKOBO +1.75% 23 Probability of Financial Distress (%) is 0.63% as of Jun. 30, 2026. GuruFocus rates OSL:AKOBO with a GF Score™ of 23/100. The stock has 6 warning signs investors should review.

Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, Akobo Minerals AB's Probability of Financial Distress (%) is 0.63%.

Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.

Akobo Minerals AB  (OSL:AKOBO) Probability of Financial Distress (%) Explanation

Like the Altman Z-Score, the PFD measures a company's bankruptcy risk in the upcoming year. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.

Akobo Minerals AB Probability of Financial Distress (%) Related Terms

OSL:AKOBO vs NEM, AU, RGLD: Probability of Financial Distress (%) Comparison

For the Gold subindustry, Akobo Minerals AB's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) 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.

Akobo Minerals AB Probability of Financial Distress (%) vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Akobo Minerals AB's Probability of Financial Distress (%) distribution charts can be found below:

* The bar in red indicates where Akobo Minerals AB's Probability of Financial Distress (%) falls into.


OSL:AKOBO
23GF Score
Akobo Minerals AB OSL:AKOBO
Probability of Financial Distress (%) is just one metric. See GF Score™, valuation, warning signs, and more.
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Akobo Minerals AB Probability of Financial Distress (%) Calculation

Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.

The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:

LPFD= -20.12 * NIMTAAVG + 1.60 * TLMTA - 7.88 * EXRETAVG + 1.55 * SIGMA - 0.005 * RSIZE - 2.27 * CASHMTA + 0.070 * MB - 0.09 * PRICE -8.87
=-5.07

The Probability of Financial Distress (%) (PFD) was then obtianed by:

PFD=1/(1 + e^(-LPFD))*100%
=0.63%

The eight explanatory variables are:

1. NIMTAAVG = Net Income to Market Total Assets

NIMTAAVG=Net Income / Market Total Assets
=Net Income / (Market Cap + Total Liabilities)

*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.

2. TLMTA = Total liabilities to Market Total Assets

TLMTA=Total Liabilities / Market Total Assets

3. CASHMTA = Cash to Market Total Assets

For non-financial companies, CASHMTA is measured as:

CASHMTA=Cash, Cash Equivalents, Marketable Securities / Market Total Assets

4. EXRETAVG = Excess Return compared to the S&P 500

EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.

5. SIGMA = Standard Deviation of Daily Returns

For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).

6. RSIZE = Relative Size

RSIZE=log (Market Cap / Total Market Cap of S&P 500 companies)

7. MB = Market to Adjusted Book Equity Ratio

MB=Market Cap / Adjusted Book Equity
=Market Cap / (Total Stockholders Equity + 0.1 * ( Market Cap - Total Stockholders Equity))

8. PRICE

PRICE is measured as the log of the stock price, capped at log(15).

What does a Probability of Financial Distress (%) of 0.63% mean?
Akobo Minerals AB (OSL:AKOBO) has a Probability of Financial Distress (%) of 0.63% as of Jun. 30, 2026.
Is Akobo Minerals AB's Probability of Financial Distress (%) too high?
Akobo Minerals AB's current Probability of Financial Distress (%) is 0.63%. Overall, Akobo Minerals AB has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Akobo Minerals AB's Probability of Financial Distress (%) compare to NEM and AU?
Akobo Minerals AB's Probability of Financial Distress (%) of 0.63% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Probability of Financial Distress (%) for a Metals & Mining company?
A good Probability of Financial Distress (%) depends on the Metals & Mining industry context. However, Probability of Financial Distress (%) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Probability of Financial Distress (%) mean?
A high Probability of Financial Distress (%) can signal that a stock is expensive relative to its fundamentals. Akobo Minerals AB's current Probability of Financial Distress (%) is 0.63%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akobo Minerals AB stock overvalued right now?
Akobo Minerals AB (OSL:AKOBO) has a current Probability of Financial Distress (%) of 0.63%. The current Probability of Financial Distress (%) is 0.63%. Akobo Minerals AB's overall GF Score™ is 23/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Probability of Financial Distress (%) calculated?
Probability of Financial Distress (%) is calculated from a company's financial statements. For Akobo Minerals AB (OSL:AKOBO), the current Probability of Financial Distress (%) is 0.63% as of Jun. 30, 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.

Akobo Minerals AB Business Description

Other Exchanges 643:Germany
Address Sodra Allegatan 13, Gothenburg, SWE, 413 01
Akobo Minerals AB is a Scandinavian gold exploration and mining company. The company focuses on developing the Segele gold deposit and the Joru gold deposit.
23GF Score

Get the complete analysis for OSL:AKOBO

Probability of Financial Distress (%) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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