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.
What is Income Opportunity Realty Investors Altman Z-Score?
Income Opportunity Realty InvestorsIOR +1.62%72 Altman Z-Score is 12,017.60 as of Aug. 20, 2026, which is 241% above its 10-year median of 3,519.39. GuruFocus rates IOR with a GF Score™ of 72/100 and a GF Value™ of $13.65 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 47 Banks companies, Income Opportunity Realty Investors ranks better than 97.87% 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 12017.6 is strong.
Income Opportunity Realty Investors has a Altman Z-Score of 12,017.60, 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.
IOR'
s Altman Z-Score Range Over the Past 10 Years
Min: 664.52 Med: 3519.39 Max: 32112.12
Current: 12017.6
During the past 13 years, Income Opportunity Realty Investors's highest Altman Z-Score was 32112.12. The lowest was 664.52. And the median was 3519.39.
Income Opportunity Realty Investors (AMEX:IOR) 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.
* 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.
Income Opportunity Realty Investors Altman Z-Score Chart
For the Mortgage Finance subindustry, Income Opportunity Realty Investors'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.
Income Opportunity Realty Investors Altman Z-Score vs Banks Industry
For the Banks industry and Financial Services sector, Income Opportunity Realty Investors's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Income Opportunity Realty Investors's Altman Z-Score falls into.
Income Opportunity Realty Investors 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.
* 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.
Income Opportunity Realty Investors (IOR) has a Altman Z-Score of 12,017.60 as of Aug. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Income Opportunity Realty Investors and its competitors. This is 241% above median its historical median of 3,519.39. Over the past decade, Income Opportunity Realty Investors' Altman Z-Score has ranged from 664.52 to 32,112.12. According to the industry distribution chart, Income Opportunity Realty Investors ranks #1 out of 47 companies in the Banks industry, placing it in the top 2.1%.
Is Income Opportunity Realty Investors' Altman Z-Score too high?
Income Opportunity Realty Investors' current Altman Z-Score of 12,017.60 is 241% above median its 10-year median of 3,519.39. Over the past 10 years, this metric has ranged from a low of 664.52 to a high of 32,112.12. The Banks industry median Altman Z-Score is 1.26. Income Opportunity Realty Investors' value of 12,017.60 is 953677.8% above this industry median. Based on the distribution chart, Income Opportunity Realty Investors ranks #1 out of 47 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Income Opportunity Realty Investors has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Income Opportunity Realty Investors' Altman Z-Score compare to GHI and CNF?
According to the Banks industry distribution chart, Income Opportunity Realty Investors ranks #1 out of 47 companies for Altman Z-Score. This places Income Opportunity Realty Investors in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.26. Income Opportunity Realty Investors' value of 12,017.60 is 953677.8% above this benchmark. Historically, Income Opportunity Realty Investors' own Altman Z-Score has ranged from 664.52 to 32,112.12 over the past decade. While the company's 10-year median is 3,519.39 vs. the industry median of 1.26, Income Opportunity Realty Investors 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 Banks company?
The median Altman Z-Score among Banks companies is 1.26, based on 47 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. Income Opportunity Realty Investors's current Altman Z-Score of 12,017.60 is 953677.8% 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 Income Opportunity Realty Investors and its competitors. For the Banks industry, the median Altman Z-Score is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Income Opportunity Realty Investors's current Altman Z-Score is 12,017.60, which is 241% above median its own 10-year median of 3,519.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Income Opportunity Realty Investors stock overvalued right now?
Based on GuruFocus' analysis, Income Opportunity Realty Investors (IOR) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.65, compared to a current price of $19.70 — trading 44.3% above its estimated fair value. The current Altman Z-Score is 12,017.60, which is 241% above median its 10-year median of 3,519.39 and 953677.8% above the Banks industry median of 1.26. Income Opportunity Realty Investors' overall GF Score™ is 72/100 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 Income Opportunity Realty Investors (IOR), the current Altman Z-Score is 12,017.60 as of Aug. 20, 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 Income Opportunity Realty Investors (IOR) Overvalued in 2026?
Based on GuruFocus' analysis, Income Opportunity Realty Investors stock appears to be overvalued.
The current stock price of $19.70 is trading 44.3% above its estimated GF Value™ of $13.65.
GuruFocus considers Income Opportunity Realty Investors to be Significantly Overvalued.
Key valuation signals for IOR:
Altman Z-Score: 12,017.60 (241% above median its 10-year median of 3,519.39)
GF Value™: $13.65 vs. price of $19.70 (44.3% above fair value)
Industry Position: 953677.8% above the Banks median (#1 of 47)
No single metric tells the full story. See the IOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Income Opportunity Realty Investors Inc is a U.S.-based company that is an externally managed company that invests in mortgage notes receivables and real property. The company's activities include locating, evaluating and recommending investment opportunities. Pillar also arranges its debt and equity financing with unaffiliated independent third party lenders and investors.
72GF Score
Get the complete analysis for IOR
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
IOR has been successfully added to your 
