Akita DrillingFRA:774 +3.88%59 Altman Z-Score is 2.27 as of Jun. 29, 2026, which is 52% above its 10-year median of 1.49. GuruFocus rates FRA:774 with a GF Score™ of 59/100 and a GF Value™ of €1.07 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 900 Oil & Gas companies, Akita Drilling ranks better than 58.89% 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 2.29 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.
Akita Drilling has a Altman Z-Score of 2.27, indicating it is in Grey Zones. This implies that Akita Drilling 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 Akita Drilling's Altman Z-Score or its related term are showing as below:
FRA:774'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.64 Med: 1.49 Max: 4.27
Current: 2.29
During the past 13 years, Akita Drilling's highest Altman Z-Score was 4.27. The lowest was -0.64. And the median was 1.49.
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.
Akita Drilling Altman Z-Score Related Terms
Akita Drilling Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Akita Drilling'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:774 vs NE, RIG, VAL: Altman Z-Score Comparison
For the Oil & Gas Drilling subindustry, Akita Drilling'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.
Akita Drilling Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Akita Drilling's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Akita Drilling'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.
Akita Drilling'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
*
0.1247
+
1.4
*
0.1072
+
3.3
*
0.0294
+
0.6
*
1.855
+
1.0
*
0.7585
=
2.27
* 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.
Akita Drilling (FRA:774) has a Altman Z-Score of 2.27 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Akita Drilling and its competitors. This is 52% above median its historical median of 1.49. According to the industry distribution chart, Akita Drilling ranks #370 out of 900 companies in the Oil & Gas industry, placing it in the top 41.1%.
Is Akita Drilling's Altman Z-Score too high?
Akita Drilling's current Altman Z-Score of 2.27 is 52% above median its 10-year median of 1.49. The Oil & Gas industry median Altman Z-Score is 1.90. Akita Drilling's value of 2.27 is 19.8% above this industry median. Based on the distribution chart, Akita Drilling ranks #370 out of 900 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Akita Drilling has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Akita Drilling's Altman Z-Score compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Akita Drilling ranks #370 out of 900 companies for Altman Z-Score. This puts Akita Drilling in the upper half of its industry. The industry median Altman Z-Score is 1.90. Akita Drilling's value of 2.27 is 19.8% above this benchmark. While the company's 10-year median is 1.49 vs. the industry median of 1.90, Akita Drilling 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 1.90, based on 900 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. Akita Drilling's current Altman Z-Score of 2.27 is 19.8% 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 Akita Drilling and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akita Drilling's current Altman Z-Score is 2.27, which is 52% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akita Drilling stock overvalued right now?
Based on GuruFocus' analysis, Akita Drilling (FRA:774) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.07, compared to a current price of €2.14 — trading 100% above its estimated fair value. The current Altman Z-Score is 2.27, which is 52% above median its 10-year median of 1.49 and 19.8% above the Oil & Gas industry median of 1.90. Akita Drilling's overall GF Score™ is 59/100 with 2 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 Akita Drilling (FRA:774), the current Altman Z-Score is 2.27 as of Jun. 29, 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 Akita Drilling (FRA:774) Overvalued in 2026?
Based on GuruFocus' analysis, Akita Drilling stock appears to be overvalued.
The current stock price of €2.14 is trading 100% above its estimated GF Value™ of €1.07.
GuruFocus considers Akita Drilling to be Significantly Overvalued.
Key valuation signals for FRA:774:
Altman Z-Score: 2.27 (52% above median its 10-year median of 1.49)
GF Value™: €1.07 vs. price of €2.14 (100% above fair value)
Industry Position: 19.8% above the Oil & Gas median (#370 of 900)
No single metric tells the full story. See the FRA:774 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Akita Drilling Ltd is a Canadian oil and gas drilling contractor. It provides contract drilling services to the oil and gas industry. The company has two operating segments, Canada and the United States, providing contract drilling services to the oil and gas industry and from time to time, other forms of drilling related to potash mining and the development of storage caverns. The majority of the company's revenue is derived from the United States segment.
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