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 0.56 is in distress zone. This implies bankruptcy possibility in the next two years.
Immobiliare Grande Distribuzione SiiQ SpA has a Altman Z-Score of 0.55, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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.
Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDm) 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.
Immobiliare Grande Distribuzione SiiQ SpA Altman Z-Score Chart
Immobiliare Grande Distribuzione SiiQ SpA Annual Data
CHIX:IGDM vs SPG, O, KIM: Altman Z-Score Comparison
For the REIT - Retail subindustry, Immobiliare Grande Distribuzione SiiQ SpA'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.
Immobiliare Grande Distribuzione SiiQ SpA Altman Z-Score vs REITs Industry
Immobiliare Grande Distribuzione SiiQ SpA 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.
Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM) has a Altman Z-Score of 0.55 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Immobiliare Grande Distribuzione SiiQ SpA and its competitors. This is 38% above median its historical median of 0.40. Over the past decade, Immobiliare Grande Distribuzione SiiQ SpA's Altman Z-Score has ranged from 0.01 to 0.70. According to the industry distribution chart, Immobiliare Grande Distribuzione SiiQ SpA ranks #587 out of 739 companies in the REITs industry, placing it in the top 79.4%.
Is Immobiliare Grande Distribuzione SiiQ SpA's Altman Z-Score too high?
Immobiliare Grande Distribuzione SiiQ SpA's current Altman Z-Score of 0.55 is 38% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.70. The REITs industry median Altman Z-Score is 1.07. Immobiliare Grande Distribuzione SiiQ SpA's value of 0.55 is 48.6% below this industry median. Based on the distribution chart, Immobiliare Grande Distribuzione SiiQ SpA ranks #587 out of 739 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Immobiliare Grande Distribuzione SiiQ SpA has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Immobiliare Grande Distribuzione SiiQ SpA's Altman Z-Score compare to SPG and O?
According to the REITs industry distribution chart, Immobiliare Grande Distribuzione SiiQ SpA ranks #587 out of 739 companies for Altman Z-Score. This places Immobiliare Grande Distribuzione SiiQ SpA in the lower half of its industry. The industry median Altman Z-Score is 1.07. Immobiliare Grande Distribuzione SiiQ SpA's value of 0.55 is 48.6% below this benchmark. Historically, Immobiliare Grande Distribuzione SiiQ SpA's own Altman Z-Score has ranged from 0.01 to 0.70 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.07, Immobiliare Grande Distribuzione SiiQ SpA has consistently been below 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 REITs company?
The median Altman Z-Score among REITs companies is 1.07, based on 739 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. Immobiliare Grande Distribuzione SiiQ SpA's current Altman Z-Score of 0.55 is 48.6% below 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 Immobiliare Grande Distribuzione SiiQ SpA and its competitors. For the REITs industry, the median Altman Z-Score is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Immobiliare Grande Distribuzione SiiQ SpA's current Altman Z-Score is 0.55, which is 38% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Immobiliare Grande Distribuzione SiiQ SpA stock overvalued right now?
Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM) has a current Altman Z-Score of 0.55. The stock's GF Value™ is €2.00, compared to a current price of €3.65 — trading 82.3% above its estimated fair value. The current Altman Z-Score is 0.55, which is 38% above median its 10-year median of 0.40 and 48.6% below the REITs industry median of 1.07. Immobiliare Grande Distribuzione SiiQ SpA's overall GF Score™ is 49/100 with 7 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 Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM), the current Altman Z-Score is 0.55 as of Jun. 27, 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 Immobiliare Grande Distribuzione SiiQ SpA (CHIX:IGDM) Overvalued in 2026?
Based on GuruFocus' analysis, Immobiliare Grande Distribuzione SiiQ SpA stock appears to be overvalued.
The current stock price of €3.65 is trading 82.3% above its estimated GF Value™ of €2.00.
Key valuation signals for CHIX:IGDM:
Altman Z-Score: 0.55 (38% above median its 10-year median of 0.40)
GF Value™: €2.00 vs. price of €3.65 (82.3% above fair value)
Industry Position: 48.6% below the REITs median (#587 of 739)
No single metric tells the full story. See the CHIX:IGDM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Immobiliare Grande Distribuzione SiiQ SpA Business Description
Immobiliare Grande Distribuzione SiiQ SpA is a real estate company that owns and manages a portfolio of shopping centers in Italy and Romania. The company's portfolio mainly consists of shopping centers, hypermarkets, supermarkets, and galleries. In addition, the firm also acts as a service provider, providing agency management and piloting, and facility management services to third parties, and is involved in trading activity concerning the sale of residential units built within the Porta a Mare project in Livorno. The company operates in three main business segments: Core business properties, which generate maximum revenue, Services, and the Porta a Mare Project. Geographically, it derives key revenue from Italy.
49GF Score
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