Cedar Woods Properties (ASX:CWP) Altman Z-Score: 2.55 (As of Jun. 30, 2026) — Near Median


ASX:CWP Cedar Woods Properties Ltd ASX:CWP
91 GF Score
Price A$6.98
GF Value A$6.81
Valuation Fairly Valued
! 4 Warning Signs
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What is Cedar Woods Properties Altman Z-Score?

Cedar Woods Properties ASX:CWP -0.99% 91 Altman Z-Score is 2.55 as of Jun. 30, 2026, which is 0% above its 10-year median of 2.54. GuruFocus rates ASX:CWP with a GF Score™ of 91/100 and a GF Value™ of A$6.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,733 Real Estate companies, Cedar Woods Properties ranks better than 78.3% 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 2.56 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Cedar Woods Properties has a Altman Z-Score of 2.55, indicating it is in Grey Zones. This implies that Cedar Woods Properties is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Cedar Woods Properties's Altman Z-Score or its related term are showing as below:

ASX:CWP' s Altman Z-Score Range Over the Past 10 Years
Min: 1.78   Med: 2.54   Max: 3.33
Current: 2.56

During the past 13 years, Cedar Woods Properties's highest Altman Z-Score was 3.33. The lowest was 1.78. And the median was 2.54.


Cedar Woods Properties  (ASX:CWP) 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.


Cedar Woods Properties Altman Z-Score Related Terms


Cedar Woods Properties Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Cedar Woods Properties'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.

Cedar Woods Properties Altman Z-Score Chart

Cedar Woods Properties Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.84 1.78 2.11 2.53 2.54

Cedar Woods Properties Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 2.53 0.00 2.54 0.00

Cedar Woods Properties Altman Z-Score Competitor Comparison

For the Real Estate - Development subindustry, Cedar Woods Properties'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.


Cedar Woods Properties Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Cedar Woods Properties's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Cedar Woods Properties's Altman Z-Score falls into.


ASX:CWP
91GF Score
Cedar Woods Properties Ltd ASX:CWP
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Cedar Woods Properties 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.

Cedar Woods Properties'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*0.1275+1.4*0.4033+3.3*0.0978+0.6*1.6115+1.0*0.5433
=2.55

* 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 Jun. 2025:
Total Assets was A$857.7 Mil.
Total Current Assets was A$286.7 Mil.
Total Current Liabilities was A$177.4 Mil.
Retained Earnings was A$345.9 Mil.
Pre-Tax Income was A$68.8 Mil.
Interest Expense was A$-15.1 Mil.
Revenue was A$465.9 Mil.
Market Cap (Today) was A$593.8 Mil.
Total Liabilities was A$368.5 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
=(286.748 - 177.412)/857.684
=0.1275

X2=Retained Earnings/Total Assets
=345.918/857.684
=0.4033

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(68.814 - -15.108)/857.684
=0.0978

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=593.829/368.489
=1.6115

X5=Revenue/Total Assets
=465.94/857.684
=0.5433

The zones of discrimination were as such:

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

Cedar Woods Properties has a Altman Z-Score of 2.55 indicating it is in Grey 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 2.55 mean?
Cedar Woods Properties (ASX:CWP) has a Altman Z-Score of 2.55 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Cedar Woods Properties and its competitors. This is near median its historical median of 2.54. Over the past decade, Cedar Woods Properties' Altman Z-Score has ranged from 1.78 to 3.33. According to the industry distribution chart, Cedar Woods Properties ranks #376 out of 1733 companies in the Real Estate industry, placing it in the top 21.7%.
Is Cedar Woods Properties' Altman Z-Score too high?
Cedar Woods Properties' current Altman Z-Score of 2.55 is near median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 1.78 to a high of 3.33. The Real Estate industry median Altman Z-Score is 1.30. Cedar Woods Properties' value of 2.55 is 96.2% above this industry median. Based on the distribution chart, Cedar Woods Properties ranks #376 out of 1733 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Cedar Woods Properties has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cedar Woods Properties' Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Cedar Woods Properties ranks #376 out of 1733 companies for Altman Z-Score. This places Cedar Woods Properties in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.30. Cedar Woods Properties' value of 2.55 is 96.2% above this benchmark. Historically, Cedar Woods Properties' own Altman Z-Score has ranged from 1.78 to 3.33 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 1.30, Cedar Woods Properties 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,733 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. Cedar Woods Properties's current Altman Z-Score of 2.55 is 96.2% 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 Cedar Woods Properties and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cedar Woods Properties's current Altman Z-Score is 2.55, which is near median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cedar Woods Properties stock overvalued right now?
Based on GuruFocus' analysis, Cedar Woods Properties (ASX:CWP) is currently considered Fairly Valued. The stock's GF Value™ is A$6.81, compared to a current price of A$6.98 — trading 2.5% above its estimated fair value. The current Altman Z-Score is 2.55, which is near median its 10-year median of 2.54 and 96.2% above the Real Estate industry median of 1.30. Cedar Woods Properties' overall GF Score™ is 91/100 with 4 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 Cedar Woods Properties (ASX:CWP), the current Altman Z-Score is 2.55 as of Jun. 30, 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 Cedar Woods Properties (ASX:CWP) Overvalued in 2026?

Based on GuruFocus' analysis, Cedar Woods Properties stock appears to be overvalued. The current stock price of A$6.98 is trading 2.5% above its estimated GF Value™ of A$6.81. GuruFocus considers Cedar Woods Properties to be Fairly Valued.

Key valuation signals for ASX:CWP:

  • Altman Z-Score: 2.55 (near median its 10-year median of 2.54)
  • GF Value™: A$6.81 vs. price of A$6.98 (2.5% above fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 96.2% above the Real Estate median (#376 of 1733)

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


Cedar Woods Properties Business Description

Address 50 Colin Street, Level 4, West Perth, Perth, WA, AUS, 6005
Cedar Woods Properties Ltd is an Australian property development company. The company's principal interests are in urban land subdivision and built-form development for residential, commercial, and retail purposes. The firm offers a range of housing lots, apartments, townhouses, and commercial properties. Its portfolio of assets is located in Western Australia, Victoria, Queensland, and South Australia.
91GF Score

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

A$6.98
Price
A$6.81
GF Value