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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 2.13 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.
Aarcon Facilities has a Altman Z-Score of 2.11, indicating it is in Grey Zones. This implies that Aarcon Facilities 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 Aarcon Facilities's Altman Z-Score or its related term are showing as below:
BOM:532024'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.03 Med: 19.67 Max: 306.48
Current: 2.13
During the past 13 years, Aarcon Facilities's highest Altman Z-Score was 306.48. The lowest was 2.03. And the median was 19.67.
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.
Altman Z-Score does not apply to financial companies.
Aarcon Facilities Altman Z-Score Related Terms
Aarcon Facilities Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Aarcon Facilities'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.
BOM:532024 vs CBRE, BEKE, JLL: Altman Z-Score Comparison
For the Real Estate Services subindustry, Aarcon Facilities'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.
Aarcon Facilities Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Aarcon Facilities's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Aarcon Facilities'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.
Aarcon Facilities'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
*
0.2207
+
1.4
*
0
+
3.3
*
0.0102
+
0.6
*
2.9523
+
1.0
*
0.0418
=
2.11
* 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.
Aarcon Facilities (BOM:532024) has a Altman Z-Score of 2.11 as of Sep. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Aarcon Facilities and its competitors. This is 89% below median its historical median of 19.67. Over the past decade, Aarcon Facilities' Altman Z-Score has ranged from 2.03 to 306.48.
Is Aarcon Facilities' Altman Z-Score too high?
Aarcon Facilities' current Altman Z-Score of 2.11 is 89% below median its 10-year median of 19.67. Over the past 10 years, this metric has ranged from a low of 2.03 to a high of 306.48. The Real Estate industry median Altman Z-Score is 1.31. Aarcon Facilities' value of 2.11 is 61.1% above this industry median. Overall, Aarcon Facilities has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Aarcon Facilities' Altman Z-Score compare to CBRE and BEKE?
Aarcon Facilities' Altman Z-Score of 2.11 can be compared against companies in the Real Estate industry. The industry median Altman Z-Score is 1.31. Aarcon Facilities' value of 2.11 is 61.1% above this benchmark. Historically, Aarcon Facilities' own Altman Z-Score has ranged from 2.03 to 306.48 over the past decade. While the company's 10-year median is 19.67 vs. the industry median of 1.31, Aarcon Facilities 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 1.31, based on 1,732 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. Aarcon Facilities's current Altman Z-Score of 2.11 is 61.1% 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 Aarcon Facilities and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aarcon Facilities's current Altman Z-Score is 2.11, which is 89% below median its own 10-year median of 19.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aarcon Facilities stock overvalued right now?
Aarcon Facilities (BOM:532024) has a current Altman Z-Score of 2.11. The stock's GF Value™ is ₹5.15, compared to a current price of ₹14.37 — trading 179% above its estimated fair value. The current Altman Z-Score is 2.11, which is 89% below median its 10-year median of 19.67 and 61.1% above the Real Estate industry median of 1.31. Aarcon Facilities' overall GF Score™ is 41/100 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 Aarcon Facilities (BOM:532024), the current Altman Z-Score is 2.11 as of Sep. 21, 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 Aarcon Facilities (BOM:532024) Overvalued in 2026?
Based on GuruFocus' analysis, Aarcon Facilities stock appears to be overvalued.
The current stock price of ₹14.37 is trading 179% above its estimated GF Value™ of ₹5.15.
Key valuation signals for BOM:532024:
Altman Z-Score: 2.11 (89% below median its 10-year median of 19.67)
GF Value™: ₹5.15 vs. price of ₹14.37 (179% above fair value)
Industry Position: 61.1% above the Real Estate median
No single metric tells the full story. See the BOM:532024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aarcon Facilities Ltd is engaged in the construction business. The company carries out construction work on its own account basis or on a fee or contract basis. The company is also engaged in managing hotels, restaurants, among others.
41GF Score
Get the complete analysis for BOM:532024
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