Alpha Real Estate ServicesATH:ASTAK +1.07%73 Altman Z-Score is 9.28 as of Jun. 28, 2026, which is 7% above its 10-year median of 8.64. GuruFocus rates ATH:ASTAK with a GF Score™ of 73/100 and a GF Value™ of €12.38 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,733 Real Estate companies, Alpha Real Estate Services ranks better than 95.27% 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.
Good Sign:
Altman Z-score of 9.28 is strong.
Alpha Real Estate Services has a Altman Z-Score of 9.28, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 Alpha Real Estate Services's Altman Z-Score or its related term are showing as below:
ATH:ASTAK'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.75 Med: 8.64 Max: 18.21
Current: 9.28
During the past 13 years, Alpha Real Estate Services's highest Altman Z-Score was 18.21. The lowest was 4.75. And the median was 8.64.
Alpha Real Estate Services (ATH:ASTAK) 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.
* 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.
ATH:ASTAK vs CBRE, BEKE, CSGP: Altman Z-Score Comparison
For the Real Estate Services subindustry, Alpha Real Estate Services'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.
Alpha Real Estate Services Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Alpha Real Estate Services's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Alpha Real Estate Services's Altman Z-Score falls into.
Alpha Real Estate Services 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.
* 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.
Alpha Real Estate Services (ATH:ASTAK) has a Altman Z-Score of 9.28 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Alpha Real Estate Services and its competitors. This is near median its historical median of 8.64. Over the past decade, Alpha Real Estate Services' Altman Z-Score has ranged from 4.75 to 18.21. According to the industry distribution chart, Alpha Real Estate Services ranks #82 out of 1733 companies in the Real Estate industry, placing it in the top 4.7%.
Is Alpha Real Estate Services' Altman Z-Score too high?
Alpha Real Estate Services' current Altman Z-Score of 9.28 is near median its 10-year median of 8.64. Over the past 10 years, this metric has ranged from a low of 4.75 to a high of 18.21. The Real Estate industry median Altman Z-Score is 1.30. Alpha Real Estate Services' value of 9.28 is 613.8% above this industry median. Based on the distribution chart, Alpha Real Estate Services ranks #82 out of 1733 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Alpha Real Estate Services has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alpha Real Estate Services' Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Alpha Real Estate Services ranks #82 out of 1733 companies for Altman Z-Score. This places Alpha Real Estate Services in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.30. Alpha Real Estate Services' value of 9.28 is 613.8% above this benchmark. Historically, Alpha Real Estate Services' own Altman Z-Score has ranged from 4.75 to 18.21 over the past decade. While the company's 10-year median is 8.64 vs. the industry median of 1.30, Alpha Real Estate Services 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. Alpha Real Estate Services's current Altman Z-Score of 9.28 is 613.8% 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 Alpha Real Estate Services 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. Alpha Real Estate Services's current Altman Z-Score is 9.28, which is near median its own 10-year median of 8.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Real Estate Services stock overvalued right now?
Based on GuruFocus' analysis, Alpha Real Estate Services (ATH:ASTAK) is currently considered Significantly Undervalued. The stock's GF Value™ is €12.38, compared to a current price of €7.58 — trading 38.8% below its estimated fair value. The current Altman Z-Score is 9.28, which is near median its 10-year median of 8.64 and 613.8% above the Real Estate industry median of 1.30. Alpha Real Estate Services' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Alpha Real Estate Services (ATH:ASTAK), the current Altman Z-Score is 9.28 as of Jun. 28, 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 Alpha Real Estate Services (ATH:ASTAK) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Real Estate Services stock appears to be undervalued.
The current stock price of €7.58 is trading 38.8% below its estimated GF Value™ of €12.38.
GuruFocus considers Alpha Real Estate Services to be Significantly Undervalued.
Key valuation signals for ATH:ASTAK:
Altman Z-Score: 9.28 (near median its 10-year median of 8.64)
GF Value™: €12.38 vs. price of €7.58 (38.8% below fair value)
Industry Position: 613.8% above the Real Estate median (#82 of 1733)
No single metric tells the full story. See the ATH:ASTAK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Real Estate Services SA is engaged in the management and exploitation of properties owned by it or third parties, the provision of technical advice on related matters, the provision of real estate and brokerage services, the preparation of studies of all kinds, the provision of general advice on the above matters, the carrying out of assessments and valuations of assets and mechanical equipment and in general assessments on behalf of third parties on related matters.
73GF Score
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