Japan Hotel REIT InvestmentNIPOF 75 Altman Z2-Score is 1.68 as of Jun. 24, 2026, which is 5% below its 10-year median of 1.76. GuruFocus rates NIPOF with a GF Score™ of 75/100 and a GF Value™ of $755.11 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 744 REITs companies, Japan Hotel REIT Investment ranks worse than 51.88% 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.
Japan Hotel REIT Investment has a Altman Z2-Score of 1.68, indicating it is in Grey Zones. This implies that Japan Hotel REIT Investment 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 Japan Hotel REIT Investment's Altman Z2-Score or its related term are showing as below:
NIPOF'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.08 Med: 1.76 Max: 2.37
Current: 1.68
During the past 13 years, Japan Hotel REIT Investment's highest Altman Z2-Score was 2.37. The lowest was -0.08. And the median was 1.76.
Japan Hotel REIT Investment (OTCPK:NIPOF) 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.
NIPOF vs HST, RHP, APLE: Altman Z2-Score Comparison
For the REIT - Hotel & Motel subindustry, Japan Hotel REIT Investment'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.
Japan Hotel REIT Investment Altman Z2-Score vs REITs Industry
For the REITs industry and Real Estate sector, Japan Hotel REIT Investment's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Japan Hotel REIT Investment's Altman Z2-Score falls into.
Japan Hotel REIT Investment 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.
Japan Hotel REIT Investment (NIPOF) has a Altman Z2-Score of 1.68 as of Jun. 24, 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 Japan Hotel REIT Investment and its competitors. This is near median its historical median of 1.76. According to the industry distribution chart, Japan Hotel REIT Investment ranks #386 out of 744 companies in the REITs industry, placing it in the top 51.9%.
Is Japan Hotel REIT Investment's Altman Z2-Score too high?
Japan Hotel REIT Investment's current Altman Z2-Score of 1.68 is near median its 10-year median of 1.76. The REITs industry median Altman Z2-Score is 1.76. Japan Hotel REIT Investment's value of 1.68 is 4.5% below this industry median. Based on the distribution chart, Japan Hotel REIT Investment ranks #386 out of 744 companies in the REITs industry, which is below the industry midpoint. Overall, Japan Hotel REIT Investment has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Japan Hotel REIT Investment's Altman Z2-Score compare to HST and RHP?
According to the REITs industry distribution chart, Japan Hotel REIT Investment ranks #386 out of 744 companies for Altman Z2-Score. This places Japan Hotel REIT Investment in the lower half of its industry. The industry median Altman Z2-Score is 1.76. Japan Hotel REIT Investment's value of 1.68 is 4.5% below this benchmark. While the company's 10-year median is 1.76 vs. the industry median of 1.76, Japan Hotel REIT Investment 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 Z2-Score for a REITs company?
The median Altman Z2-Score among REITs companies is 1.76, based on 744 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. Japan Hotel REIT Investment's current Altman Z2-Score of 1.68 is 4.5% 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 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 Japan Hotel REIT Investment 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. Japan Hotel REIT Investment's current Altman Z2-Score is 1.68, which is near median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Hotel REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Japan Hotel REIT Investment (NIPOF) is currently considered Possible Value Trap. The stock's GF Value™ is $755.11, compared to a current price of $471.74 — trading 37.5% below its estimated fair value. The current Altman Z2-Score is 1.68, which is near median its 10-year median of 1.76 and 4.5% below the REITs industry median of 1.76. Japan Hotel REIT Investment's overall GF Score™ is 75/100 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 Japan Hotel REIT Investment (NIPOF), the current Altman Z2-Score is 1.68 as of Jun. 24, 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 Japan Hotel REIT Investment (NIPOF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Hotel REIT Investment stock appears to be undervalued.
The current stock price of $471.74 is trading 37.5% below its estimated GF Value™ of $755.11.
GuruFocus considers Japan Hotel REIT Investment to be Possible Value Trap.
Key valuation signals for NIPOF:
Altman Z2-Score: 1.68 (near median its 10-year median of 1.76)
GF Value™: $755.11 vs. price of $471.74 (37.5% below fair value)
Industry Position: 4.5% below the REITs median (#386 of 744)
No single metric tells the full story. See the NIPOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Hotel REIT Investment Corp is a real estate investment trust. It aims to achieve stable earnings and sustainable growth in the asset from mid- to long-term perspectives. The company invests in business hotels, resort hotels, and city hotels, mainly located in the metropolitan areas and other cities of Japan.
75GF Score
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