NEPI Rockcastle NVFRA:0A3 81 Altman Z-Score is 1.53 as of Jul. 05, 2026, which is 13% above its 10-year median of 1.36. GuruFocus rates FRA:0A3 with a GF Score™ of 81/100 and a GF Value™ of €6.69 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,731 Real Estate companies, NEPI Rockcastle NV ranks better than 56.38% 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 1.49 is in distress zone. This implies bankruptcy possibility in the next two years.
NEPI Rockcastle NV has a Altman Z-Score of 1.53, 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 NEPI Rockcastle NV's Altman Z-Score or its related term are showing as below:
FRA:0A3'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.73 Med: 1.36 Max: 2.75
Current: 1.49
During the past 13 years, NEPI Rockcastle NV's highest Altman Z-Score was 2.75. The lowest was 0.73. And the median was 1.36.
NEPI Rockcastle NV (FRA:0A3) 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.
NEPI Rockcastle NV Altman Z-Score Related Terms
NEPI Rockcastle NV Altman Z-Score Historical Data
* Premium members only.
The historical data trend for NEPI Rockcastle NV'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.
For the Real Estate - Diversified subindustry, NEPI Rockcastle NV'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.
NEPI Rockcastle NV Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, NEPI Rockcastle NV's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where NEPI Rockcastle NV'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.
NEPI Rockcastle NV'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
*
-0.0079
+
1.4
*
0.2321
+
3.3
*
0.082
+
0.6
*
1.4012
+
1.0
*
0.1032
=
1.53
* 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.
NEPI Rockcastle NV (FRA:0A3) has a Altman Z-Score of 1.53 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on NEPI Rockcastle NV and its competitors. This is 13% above median its historical median of 1.36. Over the past decade, NEPI Rockcastle NV's Altman Z-Score has ranged from 0.73 to 2.75. According to the industry distribution chart, NEPI Rockcastle NV ranks #755 out of 1731 companies in the Real Estate industry, placing it in the top 43.6%.
Is NEPI Rockcastle NV's Altman Z-Score too high?
NEPI Rockcastle NV's current Altman Z-Score of 1.53 is 13% above median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 2.75. The Real Estate industry median Altman Z-Score is 1.31. NEPI Rockcastle NV's value of 1.53 is 16.8% above this industry median. Based on the distribution chart, NEPI Rockcastle NV ranks #755 out of 1731 companies in the Real Estate industry, which is above the industry midpoint. Overall, NEPI Rockcastle NV has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NEPI Rockcastle NV's Altman Z-Score compare to JOE?
According to the Real Estate industry distribution chart, NEPI Rockcastle NV ranks #755 out of 1731 companies for Altman Z-Score. This puts NEPI Rockcastle NV in the upper half of its industry. The industry median Altman Z-Score is 1.31. NEPI Rockcastle NV's value of 1.53 is 16.8% above this benchmark. Historically, NEPI Rockcastle NV's own Altman Z-Score has ranged from 0.73 to 2.75 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 1.31, NEPI Rockcastle NV 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 1.31, 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. NEPI Rockcastle NV's current Altman Z-Score of 1.53 is 16.8% 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 NEPI Rockcastle NV and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEPI Rockcastle NV's current Altman Z-Score is 1.53, which is 13% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEPI Rockcastle NV stock overvalued right now?
Based on GuruFocus' analysis, NEPI Rockcastle NV (FRA:0A3) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.69, compared to a current price of €7.80 — trading 16.6% above its estimated fair value. The current Altman Z-Score is 1.53, which is 13% above median its 10-year median of 1.36 and 16.8% above the Real Estate industry median of 1.31. NEPI Rockcastle NV'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 NEPI Rockcastle NV (FRA:0A3), the current Altman Z-Score is 1.53 as of Jul. 05, 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 NEPI Rockcastle NV (FRA:0A3) Overvalued in 2026?
Based on GuruFocus' analysis, NEPI Rockcastle NV stock appears to be overvalued.
The current stock price of €7.80 is trading 16.6% above its estimated GF Value™ of €6.69.
GuruFocus considers NEPI Rockcastle NV to be Modestly Overvalued.
Key valuation signals for FRA:0A3:
Altman Z-Score: 1.53 (13% above median its 10-year median of 1.36)
GF Value™: €6.69 vs. price of €7.80 (16.6% above fair value)
Industry Position: 16.8% above the Real Estate median (#755 of 1731)
No single metric tells the full story. See the FRA:0A3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NEPI Rockcastle NV is a commercial property investor and developer. The business activities of the group have functioned through Retail, Office, Residential, Industrial, and Corporate segments. The company's geographic segment includes Romania, Poland, Bulgaria, Slovakia, Hungary, Croatia, Serbia, the Czech Republic, and Lithuania. The company generates the majority of its revenue from the Romania region, followed by Poland. The company has two business segments - Residential and Energy.
81GF Score
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