Freehold RoyaltiesFRA:1FH +0.10%77 Altman Z-Score is 3.78 as of Jul. 02, 2026, which is 26% below its 10-year median of 5.08. GuruFocus rates FRA:1FH with a GF Score™ of 77/100 and a GF Value™ of €7.81 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 896 Oil & Gas companies, Freehold Royalties ranks better than 78.35% 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 3.86 is strong.
Freehold Royalties has a Altman Z-Score of 3.78, 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 Freehold Royalties's Altman Z-Score or its related term are showing as below:
FRA:1FH'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.83 Med: 5.08 Max: 12.76
Current: 3.86
During the past 13 years, Freehold Royalties's highest Altman Z-Score was 12.76. The lowest was 0.83. And the median was 5.08.
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.
Freehold Royalties Altman Z-Score Related Terms
Freehold Royalties Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Freehold Royalties'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.
FRA:1FH vs COP, EOG, FANG: Altman Z-Score Comparison
For the Oil & Gas E&P subindustry, Freehold Royalties'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.
Freehold Royalties Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Freehold Royalties's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Freehold Royalties'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.
Freehold Royalties'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
*
0.0188
+
1.4
*
-0.4953
+
3.3
*
0.0976
+
0.6
*
6.5317
+
1.0
*
0.2137
=
3.78
* 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.
Freehold Royalties (FRA:1FH) has a Altman Z-Score of 3.78 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Freehold Royalties and its competitors. This is 26% below median its historical median of 5.08. Over the past decade, Freehold Royalties' Altman Z-Score has ranged from 0.83 to 12.76. According to the industry distribution chart, Freehold Royalties ranks #194 out of 896 companies in the Oil & Gas industry, placing it in the top 21.7%.
Is Freehold Royalties' Altman Z-Score too high?
Freehold Royalties' current Altman Z-Score of 3.78 is 26% below median its 10-year median of 5.08. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 12.76. The Oil & Gas industry median Altman Z-Score is 1.89. Freehold Royalties' value of 3.78 is 100% above this industry median. Based on the distribution chart, Freehold Royalties ranks #194 out of 896 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Freehold Royalties has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freehold Royalties' Altman Z-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Freehold Royalties ranks #194 out of 896 companies for Altman Z-Score. This places Freehold Royalties in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.89. Freehold Royalties' value of 3.78 is 100% above this benchmark. Historically, Freehold Royalties' own Altman Z-Score has ranged from 0.83 to 12.76 over the past decade. While the company's 10-year median is 5.08 vs. the industry median of 1.89, Freehold Royalties 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 1.89, based on 896 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. Freehold Royalties's current Altman Z-Score of 3.78 is 100% 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 Freehold Royalties and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freehold Royalties's current Altman Z-Score is 3.78, which is 26% below median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freehold Royalties stock overvalued right now?
Based on GuruFocus' analysis, Freehold Royalties (FRA:1FH) is currently considered Modestly Overvalued. The stock's GF Value™ is €7.81, compared to a current price of €9.86 — trading 26.2% above its estimated fair value. The current Altman Z-Score is 3.78, which is 26% below median its 10-year median of 5.08 and 100% above the Oil & Gas industry median of 1.89. Freehold Royalties' overall GF Score™ is 77/100 with 8 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 Freehold Royalties (FRA:1FH), the current Altman Z-Score is 3.78 as of Jul. 02, 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 Freehold Royalties (FRA:1FH) Overvalued in 2026?
Based on GuruFocus' analysis, Freehold Royalties stock appears to be overvalued.
The current stock price of €9.86 is trading 26.2% above its estimated GF Value™ of €7.81.
GuruFocus considers Freehold Royalties to be Modestly Overvalued.
Key valuation signals for FRA:1FH:
Altman Z-Score: 3.78 (26% below median its 10-year median of 5.08)
GF Value™: €7.81 vs. price of €9.86 (26.2% above fair value)
Industry Position: 100% above the Oil & Gas median (#194 of 896)
No single metric tells the full story. See the FRA:1FH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freehold Royalties Ltd is in acquiring and managing Oil and Gas royalties. It operates in two segments: Canada, which includes exploration and evaluation assets and the petroleum and natural gas interests in Western Canada; and the United States, which includes petroleum and natural gas interests held in the Permian (Midland and Delaware), Eagle Ford, Haynesville, and Bakken basins located in the states of Texas, New Mexico, and North Dakota. The maximum revenue is generated from the Canada Segment.
77GF Score
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