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Alahli REIT Fund 1SAU:4338 +0.62%72 Altman Z2-Score is 1.57 as of Jul. 17, 2026, which is 35% below its 10-year median of 2.41. GuruFocus rates SAU:4338 with a GF Score™ of 72/100 and a GF Value™ of ﷼8.34 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 739 REITs companies, Alahli REIT Fund 1 ranks worse than 54.8% 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.
Alahli REIT Fund 1 has a Altman Z2-Score of 1.57, indicating it is in Grey Zones. This implies that Alahli REIT Fund 1 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 Alahli REIT Fund 1's Altman Z2-Score or its related term are showing as below:
SAU:4338'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.57 Med: 2.41 Max: 28.1
Current: 1.57
During the past 8 years, Alahli REIT Fund 1's highest Altman Z2-Score was 28.10. The lowest was 1.57. And the median was 2.41.
Alahli REIT Fund 1 (SAU:4338) 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.
Alahli REIT Fund 1 Altman Z2-Score Related Terms
Alahli REIT Fund 1 Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Alahli REIT Fund 1'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 REIT - Diversified subindustry, Alahli REIT Fund 1'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.
Alahli REIT Fund 1 Altman Z2-Score vs REITs Industry
For the REITs industry and Real Estate sector, Alahli REIT Fund 1's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Alahli REIT Fund 1'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.
Alahli REIT Fund 1'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
*
-0.0158
+
3.26
*
0
+
6.72
*
0.0343
+
1.05
*
1.3782
=
1.57
* 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.
Alahli REIT Fund 1 (SAU:4338) has a Altman Z2-Score of 1.57 as of Jul. 17, 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 Alahli REIT Fund 1 and its competitors. This is 35% below median its historical median of 2.41. Over the past decade, Alahli REIT Fund 1's Altman Z2-Score has ranged from 1.57 to 28.10. According to the industry distribution chart, Alahli REIT Fund 1 ranks #405 out of 739 companies in the REITs industry, placing it in the top 54.8%.
Is Alahli REIT Fund 1's Altman Z2-Score too high?
Alahli REIT Fund 1's current Altman Z2-Score of 1.57 is 35% below median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 28.10. The REITs industry median Altman Z2-Score is 1.77. Alahli REIT Fund 1's value of 1.57 is 11.3% below this industry median. Based on the distribution chart, Alahli REIT Fund 1 ranks #405 out of 739 companies in the REITs industry, which is below the industry midpoint. Overall, Alahli REIT Fund 1 has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alahli REIT Fund 1's Altman Z2-Score compare to VICI and WPC?
According to the REITs industry distribution chart, Alahli REIT Fund 1 ranks #405 out of 739 companies for Altman Z2-Score. This places Alahli REIT Fund 1 in the lower half of its industry. The industry median Altman Z2-Score is 1.77. Alahli REIT Fund 1's value of 1.57 is 11.3% below this benchmark. Historically, Alahli REIT Fund 1's own Altman Z2-Score has ranged from 1.57 to 28.10 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 1.77, Alahli REIT Fund 1 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 1.77, based on 739 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. Alahli REIT Fund 1's current Altman Z2-Score of 1.57 is 11.3% 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 Alahli REIT Fund 1 and its competitors. For the REITs industry, the median Altman Z2-Score is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alahli REIT Fund 1's current Altman Z2-Score is 1.57, which is 35% below median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alahli REIT Fund 1 stock overvalued right now?
Based on GuruFocus' analysis, Alahli REIT Fund 1 (SAU:4338) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼8.34, compared to a current price of ﷼6.47 — trading 22.4% below its estimated fair value. The current Altman Z2-Score is 1.57, which is 35% below median its 10-year median of 2.41 and 11.3% below the REITs industry median of 1.77. Alahli REIT Fund 1's overall GF Score™ is 72/100 with 10 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 Alahli REIT Fund 1 (SAU:4338), the current Altman Z2-Score is 1.57 as of Jul. 17, 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 Alahli REIT Fund 1 (SAU:4338) Overvalued in 2026?
Based on GuruFocus' analysis, Alahli REIT Fund 1 stock appears to be undervalued.
The current stock price of ﷼6.47 is trading 22.4% below its estimated GF Value™ of ﷼8.34.
GuruFocus considers Alahli REIT Fund 1 to be Modestly Undervalued.
Key valuation signals for SAU:4338:
Altman Z2-Score: 1.57 (35% below median its 10-year median of 2.41)
GF Value™: ﷼8.34 vs. price of ﷼6.47 (22.4% below fair value)
Industry Position: 11.3% below the REITs median (#405 of 739)
No single metric tells the full story. See the SAU:4338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alahli REIT Fund 1 invests in income-producing properties. Its objective is to provide periodic rental income to Unitholders through investing in developed income-generating properties and to potentially provide capital growth by developing and/or expanding and/or selling assets. The Fund invests mainly in developed income-generating real estate assets and may invest part of its assets and cash surplus in Murabaha transactions and short-term deposits in Saudi Riyals with banks that are licensed by the Saudi Central Bank (SAMA) and operate in Saudi Arabia. The Fund may also invest in public money market funds approved by CMA.
72GF Score
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