FCPT (Four Corners Property Trust) Altman Z-Score: 1.52 (As of Jun. 26, 2026) — 10% Below Median


FCPT Four Corners Property Trust Inc FCPT
81 GF Score
Price $25.19
GF Value $25.50
Valuation Fairly Valued
! 7 Warning Signs
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What is Four Corners Property Trust Altman Z-Score?

Four Corners Property Trust FCPT +0.68% 81 Altman Z-Score is 1.52 as of Jun. 26, 2026, which is 10% below its 10-year median of 1.69. GuruFocus rates FCPT with a GF Score™ of 81/100 and a GF Value™ of $25.50 (Fairly Valued). The stock has 7 warning signs investors should review. Among 739 REITs companies, Four Corners Property Trust ranks better than 67.12% 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 1.51 is in distress zone. This implies bankruptcy possibility in the next two years.

Four Corners Property Trust has a Altman Z-Score of 1.52, 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 Four Corners Property Trust's Altman Z-Score or its related term are showing as below:

FCPT' s Altman Z-Score Range Over the Past 10 Years
Min: 1.25   Med: 1.69   Max: 2.32
Current: 1.51

During the past 13 years, Four Corners Property Trust's highest Altman Z-Score was 2.32. The lowest was 1.25. And the median was 1.69.


Four Corners Property Trust  (NYSE:FCPT) 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.


Four Corners Property Trust Altman Z-Score Related Terms


Four Corners Property Trust Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Four Corners Property Trust'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.

Four Corners Property Trust Altman Z-Score Chart

Four Corners Property Trust 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 1.81 1.56 1.43 1.59 1.38

Four Corners Property Trust 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 1.58 1.52 1.40 1.38 1.44

FCPT vs UE, IVT, AKR: Altman Z-Score Comparison

For the REIT - Retail subindustry, Four Corners Property Trust'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.


Four Corners Property Trust Altman Z-Score vs REITs Industry

For the REITs industry and Real Estate sector, Four Corners Property Trust's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Four Corners Property Trust's Altman Z-Score falls into.


FCPT
81GF Score
Four Corners Property Trust Inc FCPT
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Four Corners Property Trust 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.

Four Corners Property Trust'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*-0.0104+1.4*-0.035+3.3*0.0573+0.6*2.1468+1.0*0.1019
=1.52

* 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 $2,951.9 Mil.
Total Current Assets was $39.2 Mil.
Total Current Liabilities was $69.9 Mil.
Retained Earnings was $-103.4 Mil.
Pre-Tax Income was 30.464 + 29.568 + 28.907 + 28.067 = $117.0 Mil.
Interest Expense was -13.121 + -13.106 + -12.955 + -13.081 = $-52.3 Mil.
Revenue was 78.166 + 75.665 + 74.149 + 72.842 = $300.8 Mil.
Market Cap (Today) was $2,764.6 Mil.
Total Liabilities was $1,287.8 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
=(39.179 - 69.922)/2951.879
=-0.0104

X2=Retained Earnings/Total Assets
=-103.35/2951.879
=-0.035

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(117.006 - -52.263)/2951.879
=0.0573

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2764.582/1287.754
=2.1468

X5=Revenue/Total Assets
=300.822/2951.879
=0.1019

The zones of discrimination were as such:

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

Four Corners Property Trust has a Altman Z-Score of 1.52 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 1.52 mean?
Four Corners Property Trust (FCPT) has a Altman Z-Score of 1.52 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Four Corners Property Trust and its competitors. This is 10% below median its historical median of 1.69. Over the past decade, Four Corners Property Trust's Altman Z-Score has ranged from 1.25 to 2.32. According to the industry distribution chart, Four Corners Property Trust ranks #243 out of 739 companies in the REITs industry, placing it in the top 32.9%.
Is Four Corners Property Trust's Altman Z-Score too high?
Four Corners Property Trust's current Altman Z-Score of 1.52 is 10% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 2.32. The REITs industry median Altman Z-Score is 1.07. Four Corners Property Trust's value of 1.52 is 42.1% above this industry median. Based on the distribution chart, Four Corners Property Trust ranks #243 out of 739 companies in the REITs industry, which is above the industry midpoint. Overall, Four Corners Property Trust has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Four Corners Property Trust's Altman Z-Score compare to UE and IVT?
According to the REITs industry distribution chart, Four Corners Property Trust ranks #243 out of 739 companies for Altman Z-Score. This puts Four Corners Property Trust in the upper half of its industry. The industry median Altman Z-Score is 1.07. Four Corners Property Trust's value of 1.52 is 42.1% above this benchmark. Historically, Four Corners Property Trust's own Altman Z-Score has ranged from 1.25 to 2.32 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.07, Four Corners Property Trust 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 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. Four Corners Property Trust's current Altman Z-Score of 1.52 is 42.1% 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 Four Corners Property Trust 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. Four Corners Property Trust's current Altman Z-Score is 1.52, which is 10% below median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Four Corners Property Trust stock overvalued right now?
Based on GuruFocus' analysis, Four Corners Property Trust (FCPT) is currently considered Fairly Valued. The stock's GF Value™ is $25.50, compared to a current price of $25.19 — trading 1.2% below its estimated fair value. The current Altman Z-Score is 1.52, which is 10% below median its 10-year median of 1.69 and 42.1% above the REITs industry median of 1.07. Four Corners Property Trust's overall GF Score™ is 81/100 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 Four Corners Property Trust (FCPT), the current Altman Z-Score is 1.52 as of Jun. 26, 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 Four Corners Property Trust (FCPT) Overvalued in 2026?

Based on GuruFocus' analysis, Four Corners Property Trust stock appears to be undervalued. The current stock price of $25.19 is trading 1.2% below its estimated GF Value™ of $25.50. GuruFocus considers Four Corners Property Trust to be Fairly Valued.

Key valuation signals for FCPT:

  • Altman Z-Score: 1.52 (10% below median its 10-year median of 1.69)
  • GF Value™: $25.50 vs. price of $25.19 (1.2% below fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 42.1% above the REITs median (#243 of 739)

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


Four Corners Property Trust Business Description

Industry Real EstateREITs
Other Exchanges 4Z1:Germany
Address 591 Redwood Highway, Suite 3215, Mill Valley, CA, USA, 94941
Four Corners Property Trust Inc is a real estate investment trust predominantly engaged in the ownership, acquisition and leasing of restaurant and retail properties. The company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. The firm operates through two segments namely, real estate operations and restaurant operations. The real estate operations segment consists of rental revenues generated by leasing restaurant and retail properties to tenants. The restaurant operations segment is conducted through a taxable REIT subsidiary (TRS) and consists of Kerrow Restaurant Operating Business. The firm generates majority of the revenue from the real estate operations segment.
81GF Score

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

$25.19
Price
$25.50
GF Value