Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Capital PropertiesCPTP 77 Altman Z-Score is 38.49 as of Aug. 27, 2026, which is 16% above its 10-year median of 33.25. GuruFocus rates CPTP with a GF Score™ of 77/100 and a GF Value™ of $11.99 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,725 Real Estate companies, Capital Properties ranks better than 98.96% 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 38.49 is strong.
Capital Properties has a Altman Z-Score of 38.49, 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 Capital Properties's Altman Z-Score or its related term are showing as below:
CPTP'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.55 Med: 33.25 Max: 43.65
Current: 38.49
During the past 13 years, Capital Properties's highest Altman Z-Score was 43.65. The lowest was 3.55. And the median was 33.25.
Capital Properties (OTCPK:CPTP) 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.
Altman Z-Score does not apply to financial companies.
Capital Properties Altman Z-Score Related Terms
Capital Properties Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Capital Properties'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.
CPTP vs MAYS, RFL, STHO: Altman Z-Score Comparison
For the Real Estate Services subindustry, Capital Properties'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.
Capital Properties Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Capital Properties's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Capital Properties'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.
Capital Properties'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
*
0.1286
+
1.4
*
0.7544
+
3.3
*
0.3651
+
0.6
*
59.1392
+
1.0
*
0.5913
=
38.49
* 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.
Capital Properties (CPTP) has a Altman Z-Score of 38.49 as of Aug. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Capital Properties and its competitors. This is 16% above median its historical median of 33.25. Over the past decade, Capital Properties' Altman Z-Score has ranged from 3.55 to 43.65. According to the industry distribution chart, Capital Properties ranks #18 out of 1725 companies in the Real Estate industry, placing it in the top 1%.
Is Capital Properties' Altman Z-Score too high?
Capital Properties' current Altman Z-Score of 38.49 is 16% above median its 10-year median of 33.25. Over the past 10 years, this metric has ranged from a low of 3.55 to a high of 43.65. The Real Estate industry median Altman Z-Score is 1.30. Capital Properties' value of 38.49 is 2860.8% above this industry median. Based on the distribution chart, Capital Properties ranks #18 out of 1725 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Capital Properties has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Properties' Altman Z-Score compare to MAYS and RFL?
According to the Real Estate industry distribution chart, Capital Properties ranks #18 out of 1725 companies for Altman Z-Score. This places Capital Properties in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.30. Capital Properties' value of 38.49 is 2860.8% above this benchmark. Historically, Capital Properties' own Altman Z-Score has ranged from 3.55 to 43.65 over the past decade. While the company's 10-year median is 33.25 vs. the industry median of 1.30, Capital Properties 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 1,725 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. Capital Properties's current Altman Z-Score of 38.49 is 2860.8% 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 Capital Properties 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. Capital Properties's current Altman Z-Score is 38.49, which is 16% above median its own 10-year median of 33.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Properties stock overvalued right now?
Based on GuruFocus' analysis, Capital Properties (CPTP) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.99, compared to a current price of $15.00 — trading 25.1% above its estimated fair value. The current Altman Z-Score is 38.49, which is 16% above median its 10-year median of 33.25 and 2860.8% above the Real Estate industry median of 1.30. Capital Properties' overall GF Score™ is 77/100 with 5 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 Capital Properties (CPTP), the current Altman Z-Score is 38.49 as of Aug. 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 Capital Properties (CPTP) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Properties stock appears to be overvalued.
The current stock price of $15.00 is trading 25.1% above its estimated GF Value™ of $11.99.
GuruFocus considers Capital Properties to be Modestly Overvalued.
Key valuation signals for CPTP:
Altman Z-Score: 38.49 (16% above median its 10-year median of 33.25)
GF Value™: $11.99 vs. price of $15.00 (25.1% above fair value)
Industry Position: 2860.8% above the Real Estate median (#18 of 1725)
No single metric tells the full story. See the CPTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Properties Inc is a real estate company. The company's business activities include the long-term leasing of certain real estate interests in downtown Providence, Rhode Island, the leasing of a portion of its building under short-term leasing arrangements, and the leasing of locations along interstate and primary highways in Rhode Island and Massachusetts. The properties of the company includes historic buildings in and adjacent to the Capital Center District in Providence, Rhode Island, as well as owns several locations on which billboard faces are constructed. Its only operating segment is Leasing.
77GF Score
Get the complete analysis for CPTP
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CPTP has been successfully added to your 
