DOF Group ASACHIX:DOFGO 61 Altman Z-Score is 1.92 as of Jun. 27, 2026, which is 14% above its 10-year median of 1.68. GuruFocus rates CHIX:DOFGO with a GF Score™ of 61/100 and a GF Value™ of kr84.40 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,758 Construction companies, DOF Group ASA ranks worse than 58.82% 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.
Warning Sign:
Altman Z-score of 1.95 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
DOF Group ASA has a Altman Z-Score of 1.92, indicating it is in Grey Zones. This implies that DOF Group ASA is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 DOF Group ASA's Altman Z-Score or its related term are showing as below:
CHIX:DOFGo'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.33 Med: 1.68 Max: 2.09
Current: 1.95
During the past 6 years, DOF Group ASA's highest Altman Z-Score was 2.09. The lowest was 1.33. And the median was 1.68.
DOF Group ASA (CHIX:DOFGo) 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.
DOF Group ASA Altman Z-Score Related Terms
DOF Group ASA Altman Z-Score Historical Data
* Premium members only.
The historical data trend for DOF Group ASA'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.
CHIX:DOFGO vs PWR, FIX, EME: Altman Z-Score Comparison
For the Engineering & Construction subindustry, DOF Group ASA'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.
DOF Group ASA Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, DOF Group ASA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where DOF Group ASA'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.
DOF Group ASA'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
*
0.1092
+
1.4
*
0
+
3.3
*
0.152
+
0.6
*
1.3451
+
1.0
*
0.4777
=
1.92
* 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.
DOF Group ASA (CHIX:DOFGO) has a Altman Z-Score of 1.92 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on DOF Group ASA and its competitors. This is 14% above median its historical median of 1.68. Over the past decade, DOF Group ASA's Altman Z-Score has ranged from 1.33 to 2.09. According to the industry distribution chart, DOF Group ASA ranks #1034 out of 1758 companies in the Construction industry, placing it in the top 58.8%.
Is DOF Group ASA's Altman Z-Score too high?
DOF Group ASA's current Altman Z-Score of 1.92 is 14% above median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 2.09. The Construction industry median Altman Z-Score is 2.35. DOF Group ASA's value of 1.92 is 18.3% below this industry median. Based on the distribution chart, DOF Group ASA ranks #1034 out of 1758 companies in the Construction industry, which is below the industry midpoint. Overall, DOF Group ASA has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DOF Group ASA's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, DOF Group ASA ranks #1034 out of 1758 companies for Altman Z-Score. This places DOF Group ASA in the lower half of its industry. The industry median Altman Z-Score is 2.35. DOF Group ASA's value of 1.92 is 18.3% below this benchmark. Historically, DOF Group ASA's own Altman Z-Score has ranged from 1.33 to 2.09 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 2.35, DOF Group ASA has consistently been below 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 Construction company?
The median Altman Z-Score among Construction companies is 2.35, based on 1,758 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. DOF Group ASA's current Altman Z-Score of 1.92 is 18.3% below 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 DOF Group ASA and its competitors. For the Construction industry, the median Altman Z-Score is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DOF Group ASA's current Altman Z-Score is 1.92, which is 14% above median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DOF Group ASA stock overvalued right now?
Based on GuruFocus' analysis, DOF Group ASA (CHIX:DOFGO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr84.40, compared to a current price of kr121.50 — trading 44% above its estimated fair value. The current Altman Z-Score is 1.92, which is 14% above median its 10-year median of 1.68 and 18.3% below the Construction industry median of 2.35. DOF Group ASA's overall GF Score™ is 61/100 with 4 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 DOF Group ASA (CHIX:DOFGO), the current Altman Z-Score is 1.92 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 DOF Group ASA (CHIX:DOFGO) Overvalued in 2026?
Based on GuruFocus' analysis, DOF Group ASA stock appears to be overvalued.
The current stock price of kr121.50 is trading 44% above its estimated GF Value™ of kr84.40.
GuruFocus considers DOF Group ASA to be Significantly Overvalued.
Key valuation signals for CHIX:DOFGO:
Altman Z-Score: 1.92 (14% above median its 10-year median of 1.68)
GF Value™: kr84.40 vs. price of kr121.50 (44% above fair value)
Industry Position: 18.3% below the Construction median (#1034 of 1758)
No single metric tells the full story. See the CHIX:DOFGO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DOF Group ASA is a provider of integrated subsea projects and marine services to the offshore energy market. The company operates in segments, which include Shipowning, Norskan, Subsea, DOFCON JV, and Corporate and vessel management. The majority of revenue is derived from the subsea segment, which is engaged in offering of subsea services under the management of one EVP for each of the regions. The activities from the subsea operations include Subsea IMR projects contracts ("subsea projects") and fixed time charter contracts ("long-term chartering").
61GF Score
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