APLE (Apple Hospitality REIT) Altman Z-Score: 1.32 (As of Jun. 24, 2026) — Near Median


APLE Apple Hospitality REIT Inc APLE
85 GF Score
Price $16.64
GF Value $14.96
Valuation Modestly Overvalued
! 10 Warning Signs
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What is Apple Hospitality REIT Altman Z-Score?

Apple Hospitality REIT APLE +0.24% 85 Altman Z-Score is 1.32 as of Jun. 24, 2026, which is at its 10-year median of 1.32. GuruFocus rates APLE with a GF Score™ of 85/100 and a GF Value™ of $14.96 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 740 REITs companies, Apple Hospitality REIT ranks better than 60% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 1.31 is in distress zone. This implies bankruptcy possibility in the next two years.

Apple Hospitality REIT has a Altman Z-Score of 1.32, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Apple Hospitality REIT's Altman Z-Score or its related term are showing as below:

APLE' s Altman Z-Score Range Over the Past 10 Years
Min: 0.41   Med: 1.32   Max: 2.11
Current: 1.31

During the past 13 years, Apple Hospitality REIT's highest Altman Z-Score was 2.11. The lowest was 0.41. And the median was 1.32.


Apple Hospitality REIT  (NYSE:APLE) Altman Z-Score Explanation

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.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Apple Hospitality REIT Altman Z-Score Related Terms


Apple Hospitality REIT Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Apple Hospitality REIT's Altman Z-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.

Apple Hospitality REIT Altman Z-Score Chart

Apple Hospitality REIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.17 1.33 1.50 1.32 0.95

Apple Hospitality REIT Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.07 0.95 1.03 0.95 0.91

APLE vs PK, DRH, SHO: Altman Z-Score Comparison

For the REIT - Hotel & Motel subindustry, Apple Hospitality REIT's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Apple Hospitality REIT Altman Z-Score vs REITs Industry

For the REITs industry and Real Estate sector, Apple Hospitality REIT's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Apple Hospitality REIT's Altman Z-Score falls into.


APLE
85GF Score
Apple Hospitality REIT Inc APLE
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Apple Hospitality REIT Altman Z-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.

Apple Hospitality REIT's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-0.0177+1.4*-0.3274+3.3*0.0521+0.6*2.2222+1.0*0.2906
=1.32

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $4,894 Mil.
Total Current Assets was $94 Mil.
Total Current Liabilities was $180 Mil.
Retained Earnings was $-1,603 Mil.
Pre-Tax Income was 27.941 + 29.851 + 51.122 + 63.888 = $173 Mil.
Interest Expense was -20.072 + -19.746 + -21.375 + -20.963 = $-82 Mil.
Revenue was 337.741 + 326.436 + 373.878 + 384.37 = $1,422 Mil.
Market Cap (Today) was $3,928 Mil.
Total Liabilities was $1,768 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(93.749 - 180.191)/4894.225
=-0.0177

X2=Retained Earnings/Total Assets
=-1602.549/4894.225
=-0.3274

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(172.802 - -82.156)/4894.225
=0.0521

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3928.165/1767.715
=2.2222

X5=Revenue/Total Assets
=1422.425/4894.225
=0.2906

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Apple Hospitality REIT has a Altman Z-Score of 1.32 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.32 mean?
Apple Hospitality REIT (APLE) has a Altman Z-Score of 1.32 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Apple Hospitality REIT and its competitors. This is near median its historical median of 1.32. Over the past decade, Apple Hospitality REIT's Altman Z-Score has ranged from 0.41 to 2.11. According to the industry distribution chart, Apple Hospitality REIT ranks #296 out of 740 companies in the REITs industry, placing it in the top 40%.
Is Apple Hospitality REIT's Altman Z-Score too high?
Apple Hospitality REIT's current Altman Z-Score of 1.32 is near median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 2.11. The REITs industry median Altman Z-Score is 1.07. Apple Hospitality REIT's value of 1.32 is 23.9% above this industry median. Based on the distribution chart, Apple Hospitality REIT ranks #296 out of 740 companies in the REITs industry, which is above the industry midpoint. Overall, Apple Hospitality REIT has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apple Hospitality REIT's Altman Z-Score compare to PK and DRH?
According to the REITs industry distribution chart, Apple Hospitality REIT ranks #296 out of 740 companies for Altman Z-Score. This puts Apple Hospitality REIT in the upper half of its industry. The industry median Altman Z-Score is 1.07. Apple Hospitality REIT's value of 1.32 is 23.9% above this benchmark. Historically, Apple Hospitality REIT's own Altman Z-Score has ranged from 0.41 to 2.11 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 1.07, Apple Hospitality REIT 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 Z-Score for a REITs company?
The median Altman Z-Score among REITs companies is 1.07, based on 740 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Apple Hospitality REIT's current Altman Z-Score of 1.32 is 23.9% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Apple Hospitality REIT and its competitors. For the REITs industry, the median Altman Z-Score is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apple Hospitality REIT's current Altman Z-Score is 1.32, which is near median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apple Hospitality REIT stock overvalued right now?
Based on GuruFocus' analysis, Apple Hospitality REIT (APLE) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.96, compared to a current price of $16.64 — trading 11.2% above its estimated fair value. The current Altman Z-Score is 1.32, which is near median its 10-year median of 1.32 and 23.9% above the REITs industry median of 1.07. Apple Hospitality REIT's overall GF Score™ is 85/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Apple Hospitality REIT (APLE), the current Altman Z-Score is 1.32 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 Apple Hospitality REIT (APLE) Overvalued in 2026?

Based on GuruFocus' analysis, Apple Hospitality REIT stock appears to be overvalued. The current stock price of $16.64 is trading 11.2% above its estimated GF Value™ of $14.96. GuruFocus considers Apple Hospitality REIT to be Modestly Overvalued.

Key valuation signals for APLE:

  • Altman Z-Score: 1.32 (near median its 10-year median of 1.32)
  • GF Value™: $14.96 vs. price of $16.64 (11.2% above fair value)
  • GF Score™: 85/100 with 10 warning signs
  • Industry Position: 23.9% above the REITs median (#296 of 740)

No single metric tells the full story. See the APLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Apple Hospitality REIT Business Description

Industry Real EstateREITs
Other Exchanges 48T:Germany
Address 814 East Main Street, Richmond, VA, USA, 23219
Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.
85GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.64
Price
$14.96
GF Value