Transindia Real EstateNSE:TREL -0.60%39 Altman Z2-Score is 15.12 as of Jul. 04, 2026, which is 2% above its 10-year median of 14.85. GuruFocus rates NSE:TREL with a GF Score™ of 39/100 and a GF Value™ of ₹32.93 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,769 Real Estate companies, Transindia Real Estate ranks better than 94.06% 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:
Transindia Real Estate has a Altman Z2-Score of 15.12, 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 Transindia Real Estate's Altman Z2-Score or its related term are showing as below:
NSE:TREL'
s Altman Z2-Score Range Over the Past 10 Years
Min: 4.53 Med: 14.85 Max: 17.59
Current: 15.12
During the past 5 years, Transindia Real Estate's highest Altman Z2-Score was 17.59. The lowest was 4.53. And the median was 14.85.
Transindia Real Estate (NSE:TREL) 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.
Altman Z2-Score does not apply to financial companies.
Transindia Real Estate Altman Z2-Score Related Terms
Transindia Real Estate Altman Z2-Score Historical Data
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The historical data trend for Transindia Real Estate'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.
NSE:TREL vs CBRE, BEKE, JLL: Altman Z2-Score Comparison
For the Real Estate Services subindustry, Transindia Real Estate'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.
Transindia Real Estate Altman Z2-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Transindia Real Estate's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Transindia Real Estate's Altman Z2-Score falls into.
Transindia Real Estate 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.
Transindia Real Estate (NSE:TREL) has a Altman Z2-Score of 15.12 as of Jul. 04, 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 Transindia Real Estate and its competitors. This is near median its historical median of 14.85. Over the past decade, Transindia Real Estate's Altman Z2-Score has ranged from 4.53 to 17.59. According to the industry distribution chart, Transindia Real Estate ranks #105 out of 1769 companies in the Real Estate industry, placing it in the top 5.9%.
Is Transindia Real Estate's Altman Z2-Score too high?
Transindia Real Estate's current Altman Z2-Score of 15.12 is near median its 10-year median of 14.85. Over the past 10 years, this metric has ranged from a low of 4.53 to a high of 17.59. The Real Estate industry median Altman Z2-Score is 3.02. Transindia Real Estate's value of 15.12 is 400.7% above this industry median. Based on the distribution chart, Transindia Real Estate ranks #105 out of 1769 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Transindia Real Estate has a GF Score™ of 39/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Transindia Real Estate's Altman Z2-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Transindia Real Estate ranks #105 out of 1769 companies for Altman Z2-Score. This places Transindia Real Estate in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.02. Transindia Real Estate's value of 15.12 is 400.7% above this benchmark. Historically, Transindia Real Estate's own Altman Z2-Score has ranged from 4.53 to 17.59 over the past decade. While the company's 10-year median is 14.85 vs. the industry median of 3.02, Transindia Real Estate 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 1,769 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. Transindia Real Estate's current Altman Z2-Score of 15.12 is 400.7% 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 Transindia Real Estate 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. Transindia Real Estate's current Altman Z2-Score is 15.12, which is near median its own 10-year median of 14.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transindia Real Estate stock overvalued right now?
Based on GuruFocus' analysis, Transindia Real Estate (NSE:TREL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹32.93, compared to a current price of ₹26.60 — trading 19.2% below its estimated fair value. The current Altman Z2-Score is 15.12, which is near median its 10-year median of 14.85 and 400.7% above the Real Estate industry median of 3.02. Transindia Real Estate's overall GF Score™ is 39/100 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 Transindia Real Estate (NSE:TREL), the current Altman Z2-Score is 15.12 as of Jul. 04, 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 Transindia Real Estate (NSE:TREL) Overvalued in 2026?
Based on GuruFocus' analysis, Transindia Real Estate stock appears to be undervalued.
The current stock price of ₹26.60 is trading 19.2% below its estimated GF Value™ of ₹32.93.
GuruFocus considers Transindia Real Estate to be Modestly Undervalued.
Key valuation signals for NSE:TREL:
Altman Z2-Score: 15.12 (near median its 10-year median of 14.85)
GF Value™: ₹32.93 vs. price of ₹26.60 (19.2% below fair value)
Industry Position: 400.7% above the Real Estate median (#105 of 1769)
No single metric tells the full story. See the NSE:TREL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transindia Real Estate Ltd is engaged in the business of Leasing of land and Commercial Properties, Logistics Park, Warehousing, real estate development and leasing activities, Engineering and equipment hiring solutions, and other related businesses. The group operates in two reportable segments: Equipment hiring (Formerly known as equipment hiring and engineering solutions), which provides integrated end-to-end project, engineering and logistic services through a diverse fleet of owned/rented specialised equipment across various sectors; Logistics Park and commercial properties, which provide state of the art strategically located logistics parks across India and commercial properties on rent. The group generates revenue from India.
39GF Score
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