Glenveagh PropertiesFRA:GVR +0.20%87 Altman Z2-Score is 9.26 as of Jun. 28, 2026, which is 25% below its 10-year median of 12.31. GuruFocus rates FRA:GVR with a GF Score™ of 87/100 and a GF Value™ of €2.02 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 94 Homebuilding & Construction companies, Glenveagh Properties ranks better than 85.11% on this metric.
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:
Glenveagh Properties has a Altman Z2-Score of 9.26, 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 historical rank and industry rank for Glenveagh Properties's Altman Z2-Score or its related term are showing as below:
FRA:GVR'
s Altman Z2-Score Range Over the Past 10 Years
Min: 9.13 Med: 12.31 Max: 61.64
Current: 9.26
During the past 9 years, Glenveagh Properties's highest Altman Z2-Score was 61.64. The lowest was 9.13. And the median was 12.31.
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.
Altman Z2-Score does not apply to financial companies.
Glenveagh Properties Altman Z2-Score Related Terms
Glenveagh Properties Altman Z2-Score Historical Data
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The historical data trend for Glenveagh Properties's Altman Z2-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:GVR vs DHI, PHM, LEN: Altman Z2-Score Comparison
For the Residential Construction subindustry, Glenveagh Properties'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.
Glenveagh Properties Altman Z2-Score vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Glenveagh Properties's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Glenveagh Properties's Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
Glenveagh Properties's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.7745
+
3.26
*
0.4493
+
6.72
*
0.1174
+
1.05
*
1.836
=
9.26
* 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.
Glenveagh Properties (FRA:GVR) has a Altman Z2-Score of 9.26 as of Jun. 28, 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 Glenveagh Properties and its competitors. This is 25% below median its historical median of 12.31. Over the past decade, Glenveagh Properties' Altman Z2-Score has ranged from 9.13 to 61.64. According to the industry distribution chart, Glenveagh Properties ranks #14 out of 94 companies in the Homebuilding & Construction industry, placing it in the top 14.9%.
Is Glenveagh Properties' Altman Z2-Score too high?
Glenveagh Properties' current Altman Z2-Score of 9.26 is 25% below median its 10-year median of 12.31. Over the past 10 years, this metric has ranged from a low of 9.13 to a high of 61.64. The Homebuilding & Construction industry median Altman Z2-Score is 4.99. Glenveagh Properties' value of 9.26 is 85.8% above this industry median. Based on the distribution chart, Glenveagh Properties ranks #14 out of 94 companies in the Homebuilding & Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Glenveagh Properties has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Glenveagh Properties' Altman Z2-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Glenveagh Properties ranks #14 out of 94 companies for Altman Z2-Score. This places Glenveagh Properties in the top 15% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.99. Glenveagh Properties' value of 9.26 is 85.8% above this benchmark. Historically, Glenveagh Properties' own Altman Z2-Score has ranged from 9.13 to 61.64 over the past decade. While the company's 10-year median is 12.31 vs. the industry median of 4.99, Glenveagh Properties 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 Homebuilding & Construction company?
The median Altman Z2-Score among Homebuilding & Construction companies is 4.99, based on 94 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. Glenveagh Properties's current Altman Z2-Score of 9.26 is 85.8% 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 Glenveagh Properties and its competitors. For the Homebuilding & Construction industry, the median Altman Z2-Score is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glenveagh Properties's current Altman Z2-Score is 9.26, which is 25% below median its own 10-year median of 12.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glenveagh Properties stock overvalued right now?
Based on GuruFocus' analysis, Glenveagh Properties (FRA:GVR) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.02, compared to a current price of €2.51 — trading 24% above its estimated fair value. The current Altman Z2-Score is 9.26, which is 25% below median its 10-year median of 12.31 and 85.8% above the Homebuilding & Construction industry median of 4.99. Glenveagh Properties' overall GF Score™ is 87/100 with 6 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 Glenveagh Properties (FRA:GVR), the current Altman Z2-Score is 9.26 as of Jun. 28, 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 Glenveagh Properties (FRA:GVR) Overvalued in 2026?
Based on GuruFocus' analysis, Glenveagh Properties stock appears to be overvalued.
The current stock price of €2.51 is trading 24% above its estimated GF Value™ of €2.02.
GuruFocus considers Glenveagh Properties to be Modestly Overvalued.
Key valuation signals for FRA:GVR:
Altman Z2-Score: 9.26 (25% below median its 10-year median of 12.31)
GF Value™: €2.02 vs. price of €2.51 (24% above fair value)
Industry Position: 85.8% above the Homebuilding & Construction median (#14 of 94)
No single metric tells the full story. See the FRA:GVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organized into two key reportable segments. The Homebuilding segment is principally focused on delivering high-quality own-door single-family focused developments, with a particular emphasis on Dublin, the Greater Dublin Area, and Cork. The Partnerships segment focuses on the delivery of sustainable communities across Ireland through a mix of suburban single-family focused and urban multi-family focused developments. The firm generates the majority of its revenue from the Homebuilding segment.
87GF Score
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