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Centuria Industrial REITASX:CIP +1.01%77 Altman Z-Score is 1.14 as of Jul. 17, 2026, which is 1% above its 10-year median of 1.13. GuruFocus rates ASX:CIP with a GF Score™ of 77/100 and a GF Value™ of A$2.87 (Fairly Valued). The stock has 6 warning signs investors should review. Among 734 REITs companies, Centuria Industrial REIT ranks better than 52.59% 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 1.14 is in distress zone. This implies bankruptcy possibility in the next two years.
Centuria Industrial REIT has a Altman Z-Score of 1.14, 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 Centuria Industrial REIT's Altman Z-Score or its related term are showing as below:
ASX:CIP'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.61 Med: 1.13 Max: 1.67
Current: 1.14
During the past 13 years, Centuria Industrial REIT's highest Altman Z-Score was 1.67. The lowest was 0.61. And the median was 1.13.
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.
* 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.
ASX:CIP vs PLD, PSA, EXR: Altman Z-Score Comparison
For the REIT - Industrial subindustry, Centuria Industrial 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.
Centuria Industrial REIT Altman Z-Score vs REITs Industry
For the REITs industry and Real Estate sector, Centuria Industrial REIT's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Centuria Industrial REIT's Altman Z-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.
* 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.
Centuria Industrial REIT (ASX:CIP) has a Altman Z-Score of 1.14 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Centuria Industrial REIT and its competitors. This is near median its historical median of 1.13. Over the past decade, Centuria Industrial REIT's Altman Z-Score has ranged from 0.61 to 1.67. According to the industry distribution chart, Centuria Industrial REIT ranks #348 out of 734 companies in the REITs industry, placing it in the top 47.4%.
Is Centuria Industrial REIT's Altman Z-Score too high?
Centuria Industrial REIT's current Altman Z-Score of 1.14 is near median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.67. The REITs industry median Altman Z-Score is 1.08. Centuria Industrial REIT's value of 1.14 is 5.6% above this industry median. Based on the distribution chart, Centuria Industrial REIT ranks #348 out of 734 companies in the REITs industry, which is above the industry midpoint. Overall, Centuria Industrial REIT has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Centuria Industrial REIT's Altman Z-Score compare to PLD and PSA?
According to the REITs industry distribution chart, Centuria Industrial REIT ranks #348 out of 734 companies for Altman Z-Score. This puts Centuria Industrial REIT in the upper half of its industry. The industry median Altman Z-Score is 1.08. Centuria Industrial REIT's value of 1.14 is 5.6% above this benchmark. Historically, Centuria Industrial REIT's own Altman Z-Score has ranged from 0.61 to 1.67 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.08, Centuria Industrial 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 1.08, based on 734 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. Centuria Industrial REIT's current Altman Z-Score of 1.14 is 5.6% 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 Centuria Industrial REIT and its competitors. For the REITs industry, the median Altman Z-Score is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Centuria Industrial REIT's current Altman Z-Score is 1.14, which is near median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centuria Industrial REIT stock overvalued right now?
Based on GuruFocus' analysis, Centuria Industrial REIT (ASX:CIP) is currently considered Fairly Valued. The stock's GF Value™ is A$2.87, compared to a current price of A$2.99 — trading 4.2% above its estimated fair value. The current Altman Z-Score is 1.14, which is near median its 10-year median of 1.13 and 5.6% above the REITs industry median of 1.08. Centuria Industrial REIT's overall GF Score™ is 77/100 with 6 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 Centuria Industrial REIT (ASX:CIP), the current Altman Z-Score is 1.14 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 Centuria Industrial REIT (ASX:CIP) Overvalued in 2026?
Based on GuruFocus' analysis, Centuria Industrial REIT stock appears to be overvalued.
The current stock price of A$2.99 is trading 4.2% above its estimated GF Value™ of A$2.87.
GuruFocus considers Centuria Industrial REIT to be Fairly Valued.
Key valuation signals for ASX:CIP:
Altman Z-Score: 1.14 (near median its 10-year median of 1.13)
GF Value™: A$2.87 vs. price of A$2.99 (4.2% above fair value)
Industry Position: 5.6% above the REITs median (#348 of 734)
No single metric tells the full story. See the ASX:CIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Centuria Industrial REIT owns a AUD 4 billion portfolio of industrial properties, including distribution centers, manufacturing facilities, and data centers. Melbourne and Sydney are its biggest markets at more than a third of portfolio value each, followed by Brisbane, Perth and Adelaide. The trust is externally managed by Centuria Capital Group (ASX: CNI).
77GF Score
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