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 2.13 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Kizilbuk Gayrimenkul Yatrim Ortakligi AS has a Altman Z-Score of 2.08, indicating it is in Grey Zones. This implies that Kizilbuk Gayrimenkul Yatrim Ortakligi AS is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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.
Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY) 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.
Kizilbuk Gayrimenkul Yatrim Ortakligi AS Altman Z-Score Chart
Kizilbuk Gayrimenkul Yatrim Ortakligi AS Annual Data
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Kizilbuk Gayrimenkul Yatrim Ortakligi AS Quarterly Data
IST:KZBGY vs HST, RHP, APLE: Altman Z-Score Comparison
For the REIT - Hotel & Motel subindustry, Kizilbuk Gayrimenkul Yatrim Ortakligi AS'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.
Kizilbuk Gayrimenkul Yatrim Ortakligi AS Altman Z-Score vs REITs Industry
Kizilbuk Gayrimenkul Yatrim Ortakligi AS 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.
Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY) has a Altman Z-Score of 2.08 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kizilbuk Gayrimenkul Yatrim Ortakligi AS and its competitors. This is 41% below median its historical median of 3.53. Over the past decade, Kizilbuk Gayrimenkul Yatrim Ortakligi AS's Altman Z-Score has ranged from 2.13 to 3.92. According to the industry distribution chart, Kizilbuk Gayrimenkul Yatrim Ortakligi AS ranks #168 out of 737 companies in the REITs industry, placing it in the top 22.8%.
Is Kizilbuk Gayrimenkul Yatrim Ortakligi AS's Altman Z-Score too high?
Kizilbuk Gayrimenkul Yatrim Ortakligi AS's current Altman Z-Score of 2.08 is 41% below median its 10-year median of 3.53. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 3.92. The REITs industry median Altman Z-Score is 1.08. Kizilbuk Gayrimenkul Yatrim Ortakligi AS's value of 2.08 is 92.6% above this industry median. Based on the distribution chart, Kizilbuk Gayrimenkul Yatrim Ortakligi AS ranks #168 out of 737 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Kizilbuk Gayrimenkul Yatrim Ortakligi AS has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Kizilbuk Gayrimenkul Yatrim Ortakligi AS's Altman Z-Score compare to HST and RHP?
According to the REITs industry distribution chart, Kizilbuk Gayrimenkul Yatrim Ortakligi AS ranks #168 out of 737 companies for Altman Z-Score. This places Kizilbuk Gayrimenkul Yatrim Ortakligi AS in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.08. Kizilbuk Gayrimenkul Yatrim Ortakligi AS's value of 2.08 is 92.6% above this benchmark. Historically, Kizilbuk Gayrimenkul Yatrim Ortakligi AS's own Altman Z-Score has ranged from 2.13 to 3.92 over the past decade. While the company's 10-year median is 3.53 vs. the industry median of 1.08, Kizilbuk Gayrimenkul Yatrim Ortakligi AS 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 1.08, based on 737 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. Kizilbuk Gayrimenkul Yatrim Ortakligi AS's current Altman Z-Score of 2.08 is 92.6% 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 Kizilbuk Gayrimenkul Yatrim Ortakligi AS and its competitors. For the REITs industry, the median Altman Z-Score is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kizilbuk Gayrimenkul Yatrim Ortakligi AS's current Altman Z-Score is 2.08, which is 41% below median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kizilbuk Gayrimenkul Yatrim Ortakligi AS stock overvalued right now?
Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY) has a current Altman Z-Score of 2.08. The current Altman Z-Score is 2.08, which is 41% below median its 10-year median of 3.53 and 92.6% above the REITs industry median of 1.08. Kizilbuk Gayrimenkul Yatrim Ortakligi AS's overall GF Score™ is 13/100 with 9 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 Kizilbuk Gayrimenkul Yatrim Ortakligi AS (IST:KZBGY), the current Altman Z-Score is 2.08 as of Jul. 03, 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.
Kizilbuk Gayrimenkul Yatrim Ortakligi AS Business Description
Kizilbuk Gayrimenkul Yatrim Ortakligi AS is a real estate investment trust in Turkey. Its portfolio consist of Sinpas Kizilbuk Thermal Wellness Resort.
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