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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.
Good Sign:
Altman Z-score of 7.67 is strong.
Kinea High Yield Cri Fundo Investimento Imobiliario FII has a Altman Z-Score of 7.57, 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.
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.
* 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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII Altman Z-Score vs Asset Management Industry
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.
Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11) has a Altman Z-Score of 7.57 as of Aug. 18, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kinea High Yield Cri Fundo Investimento Imobiliario FII and its competitors. This is 86% below median its historical median of 54.49. Over the past decade, Kinea High Yield Cri Fundo Investimento Imobiliario FII's Altman Z-Score has ranged from 7.63 to 130.43. According to the industry distribution chart, Kinea High Yield Cri Fundo Investimento Imobiliario FII ranks #190 out of 654 companies in the Asset Management industry, placing it in the top 29.1%.
Is Kinea High Yield Cri Fundo Investimento Imobiliario FII's Altman Z-Score too high?
Kinea High Yield Cri Fundo Investimento Imobiliario FII's current Altman Z-Score of 7.57 is 86% below median its 10-year median of 54.49. Over the past 10 years, this metric has ranged from a low of 7.63 to a high of 130.43. The Asset Management industry median Altman Z-Score is 3.68. Kinea High Yield Cri Fundo Investimento Imobiliario FII's value of 7.57 is 106% above this industry median. Based on the distribution chart, Kinea High Yield Cri Fundo Investimento Imobiliario FII ranks #190 out of 654 companies in the Asset Management industry, which is above the industry midpoint. Overall, Kinea High Yield Cri Fundo Investimento Imobiliario FII has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kinea High Yield Cri Fundo Investimento Imobiliario FII's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Kinea High Yield Cri Fundo Investimento Imobiliario FII ranks #190 out of 654 companies for Altman Z-Score. This puts Kinea High Yield Cri Fundo Investimento Imobiliario FII in the upper half of its industry. The industry median Altman Z-Score is 3.68. Kinea High Yield Cri Fundo Investimento Imobiliario FII's value of 7.57 is 106% above this benchmark. Historically, Kinea High Yield Cri Fundo Investimento Imobiliario FII's own Altman Z-Score has ranged from 7.63 to 130.43 over the past decade. While the company's 10-year median is 54.49 vs. the industry median of 3.68, Kinea High Yield Cri Fundo Investimento Imobiliario FII 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.68, based on 654 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. Kinea High Yield Cri Fundo Investimento Imobiliario FII's current Altman Z-Score of 7.57 is 106% 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 Kinea High Yield Cri Fundo Investimento Imobiliario FII and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinea High Yield Cri Fundo Investimento Imobiliario FII's current Altman Z-Score is 7.57, which is 86% below median its own 10-year median of 54.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinea High Yield Cri Fundo Investimento Imobiliario FII stock overvalued right now?
Based on GuruFocus' analysis, Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11) is currently considered Modestly Undervalued. The stock's GF Value™ is R$125.32, compared to a current price of R$95.73 — trading 23.6% below its estimated fair value. The current Altman Z-Score is 7.57, which is 86% below median its 10-year median of 54.49 and 106% above the Asset Management industry median of 3.68. Kinea High Yield Cri Fundo Investimento Imobiliario FII's overall GF Score™ is 74/100 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 Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11), the current Altman Z-Score is 7.57 as of Aug. 18, 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 Kinea High Yield Cri Fundo Investimento Imobiliario FII (BSP:KNHY11) Overvalued in 2026?
Based on GuruFocus' analysis, Kinea High Yield Cri Fundo Investimento Imobiliario FII stock appears to be undervalued.
The current stock price of R$95.73 is trading 23.6% below its estimated GF Value™ of R$125.32.
GuruFocus considers Kinea High Yield Cri Fundo Investimento Imobiliario FII to be Modestly Undervalued.
Key valuation signals for BSP:KNHY11:
Altman Z-Score: 7.57 (86% below median its 10-year median of 54.49)
GF Value™: R$125.32 vs. price of R$95.73 (23.6% below fair value)
Industry Position: 106% above the Asset Management median (#190 of 654)
No single metric tells the full story. See the BSP:KNHY11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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