Dimand Real Estate Development (ATH:DIMAND) Altman Z-Score: 2.16 (As of Jun. 28, 2026) — Near Median


ATH:DIMAND Dimand Real Estate Development ATH:DIMAND
70 GF Score
Price €13.00
GF Value €29.76
Valuation Possible Value Trap
! 10 Warning Signs
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What is Dimand Real Estate Development Altman Z-Score?

Dimand Real Estate Development ATH:DIMAND 70 Altman Z-Score is 2.16 as of Jun. 28, 2026, which is 7% above its 10-year median of 2.02. GuruFocus rates ATH:DIMAND with a GF Score™ of 70/100 and a GF Value™ of €29.76 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 1,733 Real Estate companies, Dimand Real Estate Development ranks better than 72.88% 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 2.16 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.

Dimand Real Estate Development has a Altman Z-Score of 2.16, indicating it is in Grey Zones. This implies that Dimand Real Estate Development 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 Dimand Real Estate Development's Altman Z-Score or its related term are showing as below:

ATH:DIMAND' s Altman Z-Score Range Over the Past 10 Years
Min: 1.46   Med: 2.02   Max: 3.21
Current: 2.16

During the past 6 years, Dimand Real Estate Development's highest Altman Z-Score was 3.21. The lowest was 1.46. And the median was 2.02.


Dimand Real Estate Development  (ATH:DIMAND) 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.


Dimand Real Estate Development Altman Z-Score Related Terms


Dimand Real Estate Development Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Dimand Real Estate Development'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.

Dimand Real Estate Development Altman Z-Score Chart

Dimand Real Estate Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 3.21 1.46 2.03 2.01

Dimand Real Estate Development Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.46 0.00 2.03 0.00 2.01

ATH:DIMAND vs CBRE, BEKE, CSGP: Altman Z-Score Comparison

For the Real Estate Services subindustry, Dimand Real Estate Development'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.


Dimand Real Estate Development Altman Z-Score vs Real Estate Industry

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

* The bar in red indicates where Dimand Real Estate Development's Altman Z-Score falls into.


ATH:DIMAND
70GF Score
Dimand Real Estate Development ATH:DIMAND
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Dimand Real Estate Development 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.

Dimand Real Estate Development'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*0.0776+1.4*0.304+3.3*0.1237+0.6*1.7783+1.0*0.1637
=2.16

* 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 Dec. 2025:
Total Assets was €365.77 Mil.
Total Current Assets was €76.47 Mil.
Total Current Liabilities was €48.09 Mil.
Retained Earnings was €111.21 Mil.
Pre-Tax Income was €42.04 Mil.
Interest Expense was €-3.20 Mil.
Revenue was €59.87 Mil.
Market Cap (Today) was €241.82 Mil.
Total Liabilities was €135.98 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
=(76.466 - 48.091)/365.766
=0.0776

X2=Retained Earnings/Total Assets
=111.211/365.766
=0.304

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(42.04 - -3.204)/365.766
=0.1237

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=241.816/135.979
=1.7783

X5=Revenue/Total Assets
=59.868/365.766
=0.1637

The zones of discrimination were as such:

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

Dimand Real Estate Development has a Altman Z-Score of 2.16 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 2.16 mean?
Dimand Real Estate Development (ATH:DIMAND) has a Altman Z-Score of 2.16 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dimand Real Estate Development and its competitors. This is near median its historical median of 2.02. Over the past decade, Dimand Real Estate Development's Altman Z-Score has ranged from 1.46 to 3.21. According to the industry distribution chart, Dimand Real Estate Development ranks #470 out of 1733 companies in the Real Estate industry, placing it in the top 27.1%.
Is Dimand Real Estate Development's Altman Z-Score too high?
Dimand Real Estate Development's current Altman Z-Score of 2.16 is near median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 3.21. The Real Estate industry median Altman Z-Score is 1.30. Dimand Real Estate Development's value of 2.16 is 66.2% above this industry median. Based on the distribution chart, Dimand Real Estate Development ranks #470 out of 1733 companies in the Real Estate industry, which is above the industry midpoint. Overall, Dimand Real Estate Development has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dimand Real Estate Development's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Dimand Real Estate Development ranks #470 out of 1733 companies for Altman Z-Score. This puts Dimand Real Estate Development in the upper half of its industry. The industry median Altman Z-Score is 1.30. Dimand Real Estate Development's value of 2.16 is 66.2% above this benchmark. Historically, Dimand Real Estate Development's own Altman Z-Score has ranged from 1.46 to 3.21 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 1.30, Dimand Real Estate Development 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. Dimand Real Estate Development's current Altman Z-Score of 2.16 is 66.2% 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 Dimand Real Estate Development 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. Dimand Real Estate Development's current Altman Z-Score is 2.16, which is near median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dimand Real Estate Development stock overvalued right now?
Based on GuruFocus' analysis, Dimand Real Estate Development (ATH:DIMAND) is currently considered Possible Value Trap. The stock's GF Value™ is €29.76, compared to a current price of €13.00 — trading 56.3% below its estimated fair value. The current Altman Z-Score is 2.16, which is near median its 10-year median of 2.02 and 66.2% above the Real Estate industry median of 1.30. Dimand Real Estate Development's overall GF Score™ is 70/100 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 Dimand Real Estate Development (ATH:DIMAND), the current Altman Z-Score is 2.16 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 Dimand Real Estate Development (ATH:DIMAND) Overvalued in 2026?

Based on GuruFocus' analysis, Dimand Real Estate Development stock appears to be undervalued. The current stock price of €13.00 is trading 56.3% below its estimated GF Value™ of €29.76. GuruFocus considers Dimand Real Estate Development to be Possible Value Trap.

Key valuation signals for ATH:DIMAND:

  • Altman Z-Score: 2.16 (near median its 10-year median of 2.02)
  • GF Value™: €29.76 vs. price of €13.00 (56.3% below fair value)
  • GF Score™: 70/100 with 10 warning signs
  • Industry Position: 66.2% above the Real Estate median (#470 of 1733)

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


Dimand Real Estate Development Business Description

Address 115 Neratziotisis Street, Maroussi, GRC, 15124
Dimand Real Estate Development is a Greek real estate developer operating both as a proprietary and fee developer. Its services include project and construction management, retail expansion management, technical advisory, and facility management. The company's project portfolio comprises offices, mixed-use, retail, hospitality, logistics, sports, and urban regeneration properties. Its operating segments are Real estate-related services and Real estate investment. The majority of its revenue is generated from the Real estate-related services segment, which is mainly engaged in the provision of project management services, technical and consulting support, and facilities management services. Additionally, this sector includes the provision of construction services to clients.
70GF Score

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

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€29.76
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