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.
Ally Freehold And Leasehold REIT has a Altman Z2-Score of 2.39, indicating it is in Grey Zones. This implies that Ally Freehold And Leasehold REIT is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
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 historical rank and industry rank for Ally Freehold And Leasehold REIT's Altman Z2-Score or its related term are showing as below:
BKK:ALLY'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.96 Med: 2.3 Max: 35.42
Current: 2.39
During the past 10 years, Ally Freehold And Leasehold REIT's highest Altman Z2-Score was 35.42. The lowest was 1.96. And the median was 2.30.
Ally Freehold And Leasehold REIT (BKK:ALLY) Altman Z2-Score Explanation
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.
Ally Freehold And Leasehold REIT Altman Z2-Score Chart
BKK:ALLY vs SPG, O, KIM: Altman Z2-Score Comparison
For the REIT - Retail subindustry, Ally Freehold And Leasehold REIT's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Ally Freehold And Leasehold REIT Altman Z2-Score vs REITs Industry
For the REITs industry and Real Estate sector, Ally Freehold And Leasehold REIT's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Ally Freehold And Leasehold REIT's Altman Z2-Score falls into.
Ally 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.
Ally Freehold And Leasehold REIT (BKK:ALLY) has a Altman Z2-Score of 2.39 as of Jul. 01, 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 Ally Freehold And Leasehold REIT and its competitors. This is near median its historical median of 2.30. Over the past decade, Ally Freehold And Leasehold REIT's Altman Z2-Score has ranged from 1.96 to 35.42. According to the industry distribution chart, Ally Freehold And Leasehold REIT ranks #290 out of 742 companies in the REITs industry, placing it in the top 39.1%.
Is Ally Freehold And Leasehold REIT's Altman Z2-Score too high?
Ally Freehold And Leasehold REIT's current Altman Z2-Score of 2.39 is near median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 35.42. The REITs industry median Altman Z2-Score is 1.76. Ally Freehold And Leasehold REIT's value of 2.39 is 35.8% above this industry median. Based on the distribution chart, Ally Freehold And Leasehold REIT ranks #290 out of 742 companies in the REITs industry, which is above the industry midpoint. Overall, Ally Freehold And Leasehold REIT has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ally Freehold And Leasehold REIT's Altman Z2-Score compare to SPG and O?
According to the REITs industry distribution chart, Ally Freehold And Leasehold REIT ranks #290 out of 742 companies for Altman Z2-Score. This puts Ally Freehold And Leasehold REIT in the upper half of its industry. The industry median Altman Z2-Score is 1.76. Ally Freehold And Leasehold REIT's value of 2.39 is 35.8% above this benchmark. Historically, Ally Freehold And Leasehold REIT's own Altman Z2-Score has ranged from 1.96 to 35.42 over the past decade. While the company's 10-year median is 2.30 vs. the industry median of 1.76, Ally 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 742 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. Ally Freehold And Leasehold REIT's current Altman Z2-Score of 2.39 is 35.8% 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 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 Ally 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. Ally Freehold And Leasehold REIT's current Altman Z2-Score is 2.39, which is near median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ally Freehold And Leasehold REIT stock overvalued right now?
Based on GuruFocus' analysis, Ally Freehold And Leasehold REIT (BKK:ALLY) is currently considered Fairly Valued. The stock's GF Value™ is ฿4.94, compared to a current price of ฿4.80 — trading 2.8% below its estimated fair value. The current Altman Z2-Score is 2.39, which is near median its 10-year median of 2.30 and 35.8% above the REITs industry median of 1.76. Ally Freehold And Leasehold REIT's overall GF Score™ is 86/100 with 3 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 Ally Freehold And Leasehold REIT (BKK:ALLY), the current Altman Z2-Score is 2.39 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 Ally Freehold And Leasehold REIT (BKK:ALLY) Overvalued in 2026?
Based on GuruFocus' analysis, Ally Freehold And Leasehold REIT stock appears to be undervalued.
The current stock price of ฿4.80 is trading 2.8% below its estimated GF Value™ of ฿4.94.
GuruFocus considers Ally Freehold And Leasehold REIT to be Fairly Valued.
Key valuation signals for BKK:ALLY:
Altman Z2-Score: 2.39 (near median its 10-year median of 2.30)
GF Value™: ฿4.94 vs. price of ฿4.80 (2.8% below fair value)
Industry Position: 35.8% above the REITs median (#290 of 742)
No single metric tells the full story. See the BKK:ALLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ally Freehold And Leasehold REIT Business Description
Ally Freehold And Leasehold REIT is a real estate investment trust based in Bangkok, Thailand. Its objectives are to raise funds from investors and use funds to invest in leasehold properties in different ways, and to seek benefits from such properties in the form of rental and service income. The company has invested in freehold, leasehold, or sub-leasehold rights of various projects such as The Crystal Design Center, The Crystal Ekamai-Ramindra, Amorini Mall Ramintra, Happy Avenue Donmuang Project, and others. Geographically, it operates only in Thailand.
86GF Score
Get the complete analysis for BKK:ALLY
Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:ALLY has been successfully added to your 
