Balwin PropertiesJSE:BWN 49 Altman Z2-Score is 6.90 as of Jun. 29, 2026, which is 10% below its 10-year median of 7.67. GuruFocus rates JSE:BWN with a GF Score™ of 49/100 and a GF Value™ of R2.32 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,772 Real Estate companies, Balwin Properties ranks better than 83.3% 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:
Balwin Properties has a Altman Z2-Score of 6.90, 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 Balwin Properties's Altman Z2-Score or its related term are showing as below:
JSE:BWN'
s Altman Z2-Score Range Over the Past 10 Years
Min: 6.75 Med: 7.67 Max: 10.08
Current: 6.9
During the past 11 years, Balwin Properties's highest Altman Z2-Score was 10.08. The lowest was 6.75. And the median was 7.67.
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.
Balwin Properties Altman Z2-Score Related Terms
Balwin Properties Altman Z2-Score Historical Data
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The historical data trend for Balwin 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.
For the Real Estate - Development subindustry, Balwin 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.
Balwin Properties Altman Z2-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Balwin Properties's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Balwin 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.
Balwin 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
*
0.5929
+
3.26
*
0.4466
+
6.72
*
0.0477
+
1.05
*
1.1714
=
6.90
* 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.
Balwin Properties (JSE:BWN) has a Altman Z2-Score of 6.90 as of Jun. 29, 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 Balwin Properties and its competitors. This is 10% below median its historical median of 7.67. Over the past decade, Balwin Properties' Altman Z2-Score has ranged from 6.75 to 10.08. According to the industry distribution chart, Balwin Properties ranks #296 out of 1772 companies in the Real Estate industry, placing it in the top 16.7%.
Is Balwin Properties' Altman Z2-Score too high?
Balwin Properties' current Altman Z2-Score of 6.90 is 10% below median its 10-year median of 7.67. Over the past 10 years, this metric has ranged from a low of 6.75 to a high of 10.08. The Real Estate industry median Altman Z2-Score is 3.02. Balwin Properties' value of 6.90 is 128.5% above this industry median. Based on the distribution chart, Balwin Properties ranks #296 out of 1772 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Balwin Properties has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Balwin Properties' Altman Z2-Score compare to competitors?
According to the Real Estate industry distribution chart, Balwin Properties ranks #296 out of 1772 companies for Altman Z2-Score. This places Balwin Properties in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.02. Balwin Properties' value of 6.90 is 128.5% above this benchmark. Historically, Balwin Properties' own Altman Z2-Score has ranged from 6.75 to 10.08 over the past decade. While the company's 10-year median is 7.67 vs. the industry median of 3.02, Balwin 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 Real Estate company?
The median Altman Z2-Score among Real Estate companies is 3.02, based on 1,772 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. Balwin Properties's current Altman Z2-Score of 6.90 is 128.5% 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 Balwin Properties and its competitors. For the Real Estate industry, the median Altman Z2-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Balwin Properties's current Altman Z2-Score is 6.90, which is 10% below median its own 10-year median of 7.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Balwin Properties stock overvalued right now?
Based on GuruFocus' analysis, Balwin Properties (JSE:BWN) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.32, compared to a current price of R4.20 — trading 81% above its estimated fair value. The current Altman Z2-Score is 6.90, which is 10% below median its 10-year median of 7.67 and 128.5% above the Real Estate industry median of 3.02. Balwin Properties' overall GF Score™ is 49/100 with 9 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 Balwin Properties (JSE:BWN), the current Altman Z2-Score is 6.90 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 Balwin Properties (JSE:BWN) Overvalued in 2026?
Based on GuruFocus' analysis, Balwin Properties stock appears to be overvalued.
The current stock price of R4.20 is trading 81% above its estimated GF Value™ of R2.32.
GuruFocus considers Balwin Properties to be Significantly Overvalued.
Key valuation signals for JSE:BWN:
Altman Z2-Score: 6.90 (10% below median its 10-year median of 7.67)
GF Value™: R2.32 vs. price of R4.20 (81% above fair value)
Industry Position: 128.5% above the Real Estate median (#296 of 1772)
No single metric tells the full story. See the JSE:BWN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Balwin Properties Ltd is engaged in residential property development and sale of sectional title estates, bond origination, information and communication technology services, rental of commercial property and other annuity based services provided to the residential developments. Its operating segments include Sale of apartments and land; Provision of services to residential estates; Bond commission; property rental; and Balwin Foundation. It derives majority of the revenue from Residential and commercial property rental segment.
49GF Score
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