GPEAF (Great Portland Estates) Altman Z-Score: 1.60 (As of Jun. 26, 2026) — 35% Below Median


GPEAF Great Portland Estates PLC GPEAF
66 GF Score
Price $4.01
GF Value $4.24
Valuation Fairly Valued
! 8 Warning Signs
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What is Great Portland Estates Altman Z-Score?

Great Portland Estates GPEAF 66 Altman Z-Score is 1.60 as of Jun. 26, 2026, which is 35% below its 10-year median of 2.47. GuruFocus rates GPEAF with a GF Score™ of 66/100 and a GF Value™ of $4.24 (Fairly Valued). The stock has 8 warning signs investors should review. Among 739 REITs companies, Great Portland Estates ranks better than 69.42% 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 1.6 is in distress zone. This implies bankruptcy possibility in the next two years.

Great Portland Estates has a Altman Z-Score of 1.60, 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 Great Portland Estates's Altman Z-Score or its related term are showing as below:

GPEAF' s Altman Z-Score Range Over the Past 10 Years
Min: 0.88   Med: 2.47   Max: 4.29
Current: 1.6

During the past 13 years, Great Portland Estates's highest Altman Z-Score was 4.29. The lowest was 0.88. And the median was 2.47.


Great Portland Estates  (OTCPK:GPEAF) 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.


Great Portland Estates Altman Z-Score Related Terms


Great Portland Estates Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Great Portland Estates'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.

Great Portland Estates Altman Z-Score Chart

Great Portland Estates Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.72 1.98 0.88 1.44 1.50

Great Portland Estates Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.88 0.00 1.44 0.00 1.50

GPEAF vs BXP, ARE, VNO: Altman Z-Score Comparison

For the REIT - Office subindustry, Great Portland Estates'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.


Great Portland Estates Altman Z-Score vs REITs Industry

For the REITs industry and Real Estate sector, Great Portland Estates's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Great Portland Estates's Altman Z-Score falls into.


GPEAF
66GF Score
Great Portland Estates PLC GPEAF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Great Portland Estates 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.

Great Portland Estates'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*-0.0157+1.4*0.4427+3.3*0.0524+0.6*1.3164+1.0*0.0378
=1.60

* 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 $4,156.4 Mil.
Total Current Assets was $78.3 Mil.
Total Current Liabilities was $143.5 Mil.
Retained Earnings was $1,840.0 Mil.
Pre-Tax Income was $203.3 Mil.
Interest Expense was $-14.5 Mil.
Revenue was $157.2 Mil.
Market Cap (Today) was $1,738.7 Mil.
Total Liabilities was $1,320.8 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
=(78.267 - 143.467)/4156.4
=-0.0157

X2=Retained Earnings/Total Assets
=1840/4156.4
=0.4427

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(203.333 - -14.533)/4156.4
=0.0524

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1738.652/1320.8
=1.3164

X5=Revenue/Total Assets
=157.2/4156.4
=0.0378

The zones of discrimination were as such:

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

Great Portland Estates has a Altman Z-Score of 1.60 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 1.60 mean?
Great Portland Estates (GPEAF) has a Altman Z-Score of 1.60 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Great Portland Estates and its competitors. This is 35% below median its historical median of 2.47. Over the past decade, Great Portland Estates' Altman Z-Score has ranged from 0.88 to 4.29. According to the industry distribution chart, Great Portland Estates ranks #226 out of 739 companies in the REITs industry, placing it in the top 30.6%.
Is Great Portland Estates' Altman Z-Score too high?
Great Portland Estates' current Altman Z-Score of 1.60 is 35% below median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 4.29. The REITs industry median Altman Z-Score is 1.07. Great Portland Estates' value of 1.60 is 49.5% above this industry median. Based on the distribution chart, Great Portland Estates ranks #226 out of 739 companies in the REITs industry, which is above the industry midpoint. Overall, Great Portland Estates has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Great Portland Estates' Altman Z-Score compare to BXP and ARE?
According to the REITs industry distribution chart, Great Portland Estates ranks #226 out of 739 companies for Altman Z-Score. This puts Great Portland Estates in the upper half of its industry. The industry median Altman Z-Score is 1.07. Great Portland Estates' value of 1.60 is 49.5% above this benchmark. Historically, Great Portland Estates' own Altman Z-Score has ranged from 0.88 to 4.29 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 1.07, Great Portland Estates 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. Great Portland Estates's current Altman Z-Score of 1.60 is 49.5% 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 Great Portland Estates 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. Great Portland Estates's current Altman Z-Score is 1.60, which is 35% below median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Portland Estates stock overvalued right now?
Based on GuruFocus' analysis, Great Portland Estates (GPEAF) is currently considered Fairly Valued. The stock's GF Value™ is $4.24, compared to a current price of $4.01 — trading 5.4% below its estimated fair value. The current Altman Z-Score is 1.60, which is 35% below median its 10-year median of 2.47 and 49.5% above the REITs industry median of 1.07. Great Portland Estates' overall GF Score™ is 66/100 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 Great Portland Estates (GPEAF), the current Altman Z-Score is 1.60 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 Great Portland Estates (GPEAF) Overvalued in 2026?

Based on GuruFocus' analysis, Great Portland Estates stock appears to be undervalued. The current stock price of $4.01 is trading 5.4% below its estimated GF Value™ of $4.24. GuruFocus considers Great Portland Estates to be Fairly Valued.

Key valuation signals for GPEAF:

  • Altman Z-Score: 1.60 (35% below median its 10-year median of 2.47)
  • GF Value™: $4.24 vs. price of $4.01 (5.4% below fair value)
  • GF Score™: 66/100 with 8 warning signs
  • Industry Position: 49.5% above the REITs median (#226 of 739)

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


Great Portland Estates Business Description

Industry Real EstateREITs
Other Exchanges GPEl:UKGPE:UKG9KB:Germany
Address 33 Cavendish Square, London, GBR, W1G 0PW
Great Portland Estates PLC is a United Kingdom-based property investment and development company. The company invests in and develops central London real estate. The company's property portfolio includes 35 Portman Square, Orchard Court, One Chapel Place, 23/24 Newman Street, The Courtyard, Whittington House, 10 South Crescent, Pollen House, 141 Wardour Street, Soho Square Estate, SIX St Andrew Street, The Hickman, City Tower, and others. Its segments include Fully Managed offices, which generate maximum revenue, including joint ventures, and Group Fully Managed offices.
66GF Score

Get the complete analysis for GPEAF

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

$4.01
Price
$4.24
GF Value