Freja eID Group ABOSTO:FREJA +0.88%68 Altman Z-Score is 0.92 as of Jul. 01, 2026, which is 32% below its 10-year median of 1.36. GuruFocus rates OSTO:FREJA with a GF Score™ of 68/100 and a GF Value™ of kr11.62 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,763 Software companies, Freja eID Group AB ranks worse than 79.33% 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 0.63 is in distress zone. This implies bankruptcy possibility in the next two years.
Freja eID Group AB has a Altman Z-Score of 0.92, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Freja eID Group AB's Altman Z-Score or its related term are showing as below:
OSTO:FREJA'
s Altman Z-Score Range Over the Past 10 Years
Min: -5.51 Med: 1.36 Max: 12.14
Current: 0.63
During the past 13 years, Freja eID Group AB's highest Altman Z-Score was 12.14. The lowest was -5.51. And the median was 1.36.
Freja eID Group AB (OSTO:FREJA) 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.
Freja eID Group AB Altman Z-Score Related Terms
Freja eID Group AB Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Freja eID Group AB'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.
OSTO:FREJA vs MSFT, ORCL, PLTR: Altman Z-Score Comparison
For the Software - Infrastructure subindustry, Freja eID Group AB'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.
Freja eID Group AB Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Freja eID Group AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Freja eID Group AB'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.
Freja eID Group AB'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
*
-0.1456
+
1.4
*
-4.1238
+
3.3
*
-0.2084
+
0.6
*
11.1914
+
1.0
*
0.8448
=
0.92
* 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.
Freja eID Group AB (OSTO:FREJA) has a Altman Z-Score of 0.92 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Freja eID Group AB and its competitors. This is 32% below median its historical median of 1.36. According to the industry distribution chart, Freja eID Group AB ranks #2192 out of 2763 companies in the Software industry, placing it in the top 79.3%.
Is Freja eID Group AB's Altman Z-Score too high?
Freja eID Group AB's current Altman Z-Score of 0.92 is 32% below median its 10-year median of 1.36. The Software industry median Altman Z-Score is 3.11. Freja eID Group AB's value of 0.92 is 70.4% below this industry median. Based on the distribution chart, Freja eID Group AB ranks #2192 out of 2763 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Freja eID Group AB has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Freja eID Group AB's Altman Z-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Freja eID Group AB ranks #2192 out of 2763 companies for Altman Z-Score. This places Freja eID Group AB in the lower half of its industry. The industry median Altman Z-Score is 3.11. Freja eID Group AB's value of 0.92 is 70.4% below this benchmark. While the company's 10-year median is 1.36 vs. the industry median of 3.11, Freja eID Group AB 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 Software company?
The median Altman Z-Score among Software companies is 3.11, based on 2,763 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. Freja eID Group AB's current Altman Z-Score of 0.92 is 70.4% 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 Freja eID Group AB and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Freja eID Group AB's current Altman Z-Score is 0.92, which is 32% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Freja eID Group AB stock overvalued right now?
Based on GuruFocus' analysis, Freja eID Group AB (OSTO:FREJA) is currently considered Significantly Overvalued. The stock's GF Value™ is kr11.62, compared to a current price of kr17.10 — trading 47.2% above its estimated fair value. The current Altman Z-Score is 0.92, which is 32% below median its 10-year median of 1.36 and 70.4% below the Software industry median of 3.11. Freja eID Group AB's overall GF Score™ is 68/100 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 Freja eID Group AB (OSTO:FREJA), the current Altman Z-Score is 0.92 as of Jul. 01, 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 Freja eID Group AB (OSTO:FREJA) Overvalued in 2026?
Based on GuruFocus' analysis, Freja eID Group AB stock appears to be overvalued.
The current stock price of kr17.10 is trading 47.2% above its estimated GF Value™ of kr11.62.
GuruFocus considers Freja eID Group AB to be Significantly Overvalued.
Key valuation signals for OSTO:FREJA:
Altman Z-Score: 0.92 (32% below median its 10-year median of 1.36)
GF Value™: kr11.62 vs. price of kr17.10 (47.2% above fair value)
Industry Position: 70.4% below the Software median (#2192 of 2763)
No single metric tells the full story. See the OSTO:FREJA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Freja eID Group AB is a Swedish tech company. The company offers an ID platform that gives the user control over their digital identity and data. Through the platform, the user can interact with companies and authorities but also with private individuals. The functions include e-identification, electronic signatures, sign-up, check-out, physical identification, and e-service identification. Its business is based on the Swedish market and the platform is built for international scalability.
68GF Score
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