FBGGF (Fabege AB) Altman Z-Score: 0.40 (As of Jun. 27, 2026) — 63% Below Median


FBGGF Fabege AB FBGGF
65 GF Score
Price $8.41
GF Value $9.47
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Fabege AB Altman Z-Score?

Fabege AB FBGGF 65 Altman Z-Score is 0.40 as of Jun. 27, 2026, which is 63% below its 10-year median of 1.08. GuruFocus rates FBGGF with a GF Score™ of 65/100 and a GF Value™ of $9.47 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,731 Real Estate companies, Fabege AB ranks worse than 81.92% 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 0.42 is in distress zone. This implies bankruptcy possibility in the next two years.

Fabege AB has a Altman Z-Score of 0.40, 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.

The historical rank and industry rank for Fabege AB's Altman Z-Score or its related term are showing as below:

FBGGF' s Altman Z-Score Range Over the Past 10 Years
Min: 0.21   Med: 1.08   Max: 1.71
Current: 0.42

During the past 13 years, Fabege AB's highest Altman Z-Score was 1.71. The lowest was 0.21. And the median was 1.08.


Fabege AB  (OTCPK:FBGGF) 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.


Fabege AB Altman Z-Score Related Terms


Fabege AB Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Fabege AB'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.

Fabege AB Altman Z-Score Chart

Fabege AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.56 1.07 0.69 0.90 0.78

Fabege AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.41 0.46 0.78 0.42

FBGGF vs CBRE, BEKE: Altman Z-Score Comparison

For the Real Estate Services subindustry, Fabege AB'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.


Fabege AB Altman Z-Score vs Real Estate Industry

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

* The bar in red indicates where Fabege AB's Altman Z-Score falls into.


FBGGF
65GF Score
Fabege AB FBGGF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Fabege AB 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.

Fabege AB'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*0.0215+1.4*0+3.3*0.0111+0.6*0.49+1.0*0.0471
=0.40

* 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 Mar. 2026:
Total Assets was $8,962.0 Mil.
Total Current Assets was $192.8 Mil.
Total Current Liabilities was $0.0 Mil.
Retained Earnings was $0.0 Mil.
Pre-Tax Income was 22.754 + -31.527 + 17.924 + -9.531 = $-0.4 Mil.
Interest Expense was -26.081 + -23.888 + -25.18 + -25.136 = $-100.3 Mil.
Revenue was 114.197 + 113.09 + 92.183 + 102.637 = $422.1 Mil.
Market Cap (Today) was $2,413.8 Mil.
Total Liabilities was $4,926.5 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
=(192.762 - 0)/8962.027
=0.0215

X2=Retained Earnings/Total Assets
=0/8962.027
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.38 - -100.285)/8962.027
=0.0111

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2413.831/4926.48
=0.49

X5=Revenue/Total Assets
=422.107/8962.027
=0.0471

The zones of discrimination were as such:

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

Fabege AB has a Altman Z-Score of 0.40 indicating it is in Distress 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 0.40 mean?
Fabege AB (FBGGF) has a Altman Z-Score of 0.40 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Fabege AB and its competitors. This is 63% below median its historical median of 1.08. Over the past decade, Fabege AB's Altman Z-Score has ranged from 0.21 to 1.71. According to the industry distribution chart, Fabege AB ranks #1418 out of 1731 companies in the Real Estate industry, placing it in the top 81.9%.
Is Fabege AB's Altman Z-Score too high?
Fabege AB's current Altman Z-Score of 0.40 is 63% below median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.71. The Real Estate industry median Altman Z-Score is 1.30. Fabege AB's value of 0.40 is 69.2% below this industry median. Based on the distribution chart, Fabege AB ranks #1418 out of 1731 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Fabege AB has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fabege AB's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Fabege AB ranks #1418 out of 1731 companies for Altman Z-Score. This places Fabege AB in the lower half of its industry. The industry median Altman Z-Score is 1.30. Fabege AB's value of 0.40 is 69.2% below this benchmark. Historically, Fabege AB's own Altman Z-Score has ranged from 0.21 to 1.71 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.30, Fabege AB 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,731 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. Fabege AB's current Altman Z-Score of 0.40 is 69.2% 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 Fabege AB 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. Fabege AB's current Altman Z-Score is 0.40, which is 63% below median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fabege AB stock overvalued right now?
Based on GuruFocus' analysis, Fabege AB (FBGGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.47, compared to a current price of $8.41 — trading 11.2% below its estimated fair value. The current Altman Z-Score is 0.40, which is 63% below median its 10-year median of 1.08 and 69.2% below the Real Estate industry median of 1.30. Fabege AB's overall GF Score™ is 65/100 with 8 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 Fabege AB (FBGGF), the current Altman Z-Score is 0.40 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 Fabege AB (FBGGF) Overvalued in 2026?

Based on GuruFocus' analysis, Fabege AB stock appears to be undervalued. The current stock price of $8.41 is trading 11.2% below its estimated GF Value™ of $9.47. GuruFocus considers Fabege AB to be Modestly Undervalued.

Key valuation signals for FBGGF:

  • Altman Z-Score: 0.40 (63% below median its 10-year median of 1.08)
  • GF Value™: $9.47 vs. price of $8.41 (11.2% below fair value)
  • GF Score™: 65/100 with 8 warning signs
  • Industry Position: 69.2% below the Real Estate median (#1418 of 1731)

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


Fabege AB Business Description

Address Gardsvagen 6, Box 730, Solna, Stockholm, SWE, SE-169 27
Fabege AB is a real estate company that focuses on commercial properties. Fabege works to develop modern offices, housing, and a broad range of services with strategic partners. The company reports four core segments: Property management, which rents properties to long-term tenants; Property development, which improves and redesigns properties according to tenant requirements; Birger Bostad segment constructs residential properties and Birger Bostad; and Business Development/Transactions. The majority is from the Property Management segment. It generates all its revenue in Stockholm, Solna, and surrounding areas in Sweden.
65GF Score

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

$8.41
Price
$9.47
GF Value