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Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
AIM Commercial Growth Freehold And Leasehold REIT has a Altman Z2-Score of 4.42, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
* 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.
AIM Commercial Growth Freehold And Leasehold REIT Altman Z2-Score Chart
AIM Commercial Growth Freehold And Leasehold REIT Annual Data
* 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.
AIM Commercial Growth Freehold And Leasehold REIT Altman Z2-Score vs REITs Industry
AIM Commercial Growth Freehold And Leasehold REIT Altman Z2-Score Calculation
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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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 Z2-Score when X4_2 value is 0.
AIM Commercial Growth Freehold And Leasehold REIT (BKK:AIMCG) has a Altman Z2-Score of 4.42 as of Jul. 27, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on AIM Commercial Growth Freehold And Leasehold REIT and its competitors. This is 45% below median its historical median of 7.98. Over the past decade, AIM Commercial Growth Freehold And Leasehold REIT's Altman Z2-Score has ranged from 4.42 to 10.32. According to the industry distribution chart, AIM Commercial Growth Freehold And Leasehold REIT ranks #168 out of 732 companies in the REITs industry, placing it in the top 23%.
Is AIM Commercial Growth Freehold And Leasehold REIT's Altman Z2-Score too high?
AIM Commercial Growth Freehold And Leasehold REIT's current Altman Z2-Score of 4.42 is 45% below median its 10-year median of 7.98. Over the past 10 years, this metric has ranged from a low of 4.42 to a high of 10.32. The REITs industry median Altman Z2-Score is 1.76. AIM Commercial Growth Freehold And Leasehold REIT's value of 4.42 is 151.1% above this industry median. Based on the distribution chart, AIM Commercial Growth Freehold And Leasehold REIT ranks #168 out of 732 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, AIM Commercial Growth Freehold And Leasehold REIT has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AIM Commercial Growth Freehold And Leasehold REIT's Altman Z2-Score compare to SPG and O?
According to the REITs industry distribution chart, AIM Commercial Growth Freehold And Leasehold REIT ranks #168 out of 732 companies for Altman Z2-Score. This places AIM Commercial Growth Freehold And Leasehold REIT in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.76. AIM Commercial Growth Freehold And Leasehold REIT's value of 4.42 is 151.1% above this benchmark. Historically, AIM Commercial Growth Freehold And Leasehold REIT's own Altman Z2-Score has ranged from 4.42 to 10.32 over the past decade. While the company's 10-year median is 7.98 vs. the industry median of 1.76, AIM Commercial Growth Freehold And Leasehold REIT 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 Z2-Score for a REITs company?
The median Altman Z2-Score among REITs companies is 1.76, based on 732 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIM Commercial Growth Freehold And Leasehold REIT's current Altman Z2-Score of 4.42 is 151.1% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on AIM Commercial Growth Freehold And Leasehold REIT and its competitors. For the REITs industry, the median Altman Z2-Score is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIM Commercial Growth Freehold And Leasehold REIT's current Altman Z2-Score is 4.42, which is 45% below median its own 10-year median of 7.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIM Commercial Growth Freehold And Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, AIM Commercial Growth Freehold And Leasehold REIT (BKK:AIMCG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.25, compared to a current price of ฿1.69 — trading 24.9% below its estimated fair value. The current Altman Z2-Score is 4.42, which is 45% below median its 10-year median of 7.98 and 151.1% above the REITs industry median of 1.76. AIM Commercial Growth Freehold And Leasehold REIT's overall GF Score™ is 61/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For AIM Commercial Growth Freehold And Leasehold REIT (BKK:AIMCG), the current Altman Z2-Score is 4.42 as of Jul. 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 AIM Commercial Growth Freehold And Leasehold REIT (BKK:AIMCG) Overvalued in 2026?
Based on GuruFocus' analysis, AIM Commercial Growth Freehold And Leasehold REIT stock appears to be undervalued.
The current stock price of ฿1.69 is trading 24.9% below its estimated GF Value™ of ฿2.25.
GuruFocus considers AIM Commercial Growth Freehold And Leasehold REIT to be Modestly Undervalued.
Key valuation signals for BKK:AIMCG:
Altman Z2-Score: 4.42 (45% below median its 10-year median of 7.98)
GF Value™: ฿2.25 vs. price of ฿1.69 (24.9% below fair value)
Industry Position: 151.1% above the REITs median (#168 of 732)
No single metric tells the full story. See the BKK:AIMCG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIM Commercial Growth Freehold And Leasehold REIT Business Description
AIM Commercial Growth Freehold And Leasehold REIT is a specific closed-end real estate investment trust with an indefinite term. Its objectives are to mobilize funds raised from investors and loans from financial institutions to invest in the freehold or leasehold right of the immovable assets (including sub-leasehold right of immovable assets) and movable assets, which are parts and equipment of the aforesaid immovable assets. The Trust invests in shopping mall buildings, lifestyle malls, office buildings for rent, commercial buildings, food centers, and convention centers. Its portfolio comprises projects like UD Town Project, ROW 55 Project, Village Hub Ratchapruek Project, a community mall, namely Porto Chino Project, and a condominium for commercial use in Noble Solo Project.
61GF Score
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