SAorate Real EstateJSE:SAC +0.28%69 Altman Z-Score is 1.01 as of Jul. 01, 2026, which is 13% above its 10-year median of 0.89. GuruFocus rates JSE:SAC with a GF Score™ of 69/100 and a GF Value™ of R2.35 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 737 REITs companies, SAorate Real Estate ranks worse than 53.19% 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 1.02 is in distress zone. This implies bankruptcy possibility in the next two years.
SAorate Real Estate has a Altman Z-Score of 1.01, 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 SAorate Real Estate's Altman Z-Score or its related term are showing as below:
JSE:SAC'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.18 Med: 0.89 Max: 2.29
Current: 1.02
During the past 13 years, SAorate Real Estate's highest Altman Z-Score was 2.29. The lowest was 0.18. And the median was 0.89.
SAorate Real Estate (JSE:SAC) 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.
SAorate Real Estate Altman Z-Score Related Terms
SAorate Real Estate Altman Z-Score Historical Data
* Premium members only.
The historical data trend for SAorate Real Estate'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 REIT - Diversified subindustry, SAorate Real Estate'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.
SAorate Real Estate Altman Z-Score vs REITs Industry
For the REITs industry and Real Estate sector, SAorate Real Estate's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where SAorate Real Estate'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.
SAorate Real Estate'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
*
0.0575
+
1.4
*
0
+
3.3
*
0.0616
+
0.6
*
0.9942
+
1.0
*
0.1362
=
1.01
* 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.
SAorate Real Estate (JSE:SAC) has a Altman Z-Score of 1.01 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SAorate Real Estate and its competitors. This is 13% above median its historical median of 0.89. Over the past decade, SAorate Real Estate's Altman Z-Score has ranged from 0.18 to 2.29. According to the industry distribution chart, SAorate Real Estate ranks #392 out of 737 companies in the REITs industry, placing it in the top 53.2%.
Is SAorate Real Estate's Altman Z-Score too high?
SAorate Real Estate's current Altman Z-Score of 1.01 is 13% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 2.29. The REITs industry median Altman Z-Score is 1.08. SAorate Real Estate's value of 1.01 is 6.5% below this industry median. Based on the distribution chart, SAorate Real Estate ranks #392 out of 737 companies in the REITs industry, which is below the industry midpoint. Overall, SAorate Real Estate has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SAorate Real Estate's Altman Z-Score compare to VICI and WPC?
According to the REITs industry distribution chart, SAorate Real Estate ranks #392 out of 737 companies for Altman Z-Score. This places SAorate Real Estate in the lower half of its industry. The industry median Altman Z-Score is 1.08. SAorate Real Estate's value of 1.01 is 6.5% below this benchmark. Historically, SAorate Real Estate's own Altman Z-Score has ranged from 0.18 to 2.29 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.08, SAorate Real Estate has consistently been below 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. SAorate Real Estate's current Altman Z-Score of 1.01 is 6.5% below 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 SAorate Real Estate 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. SAorate Real Estate's current Altman Z-Score is 1.01, which is 13% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAorate Real Estate stock overvalued right now?
Based on GuruFocus' analysis, SAorate Real Estate (JSE:SAC) is currently considered Significantly Overvalued. The stock's GF Value™ is R2.35, compared to a current price of R3.60 — trading 53.2% above its estimated fair value. The current Altman Z-Score is 1.01, which is 13% above median its 10-year median of 0.89 and 6.5% below the REITs industry median of 1.08. SAorate Real Estate's overall GF Score™ is 69/100 with 13 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 SAorate Real Estate (JSE:SAC), the current Altman Z-Score is 1.01 as of Jul. 01, 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 SAorate Real Estate (JSE:SAC) Overvalued in 2026?
Based on GuruFocus' analysis, SAorate Real Estate stock appears to be overvalued.
The current stock price of R3.60 is trading 53.2% above its estimated GF Value™ of R2.35.
GuruFocus considers SAorate Real Estate to be Significantly Overvalued.
Key valuation signals for JSE:SAC:
Altman Z-Score: 1.01 (13% above median its 10-year median of 0.89)
GF Value™: R2.35 vs. price of R3.60 (53.2% above fair value)
Industry Position: 6.5% below the REITs median (#392 of 737)
No single metric tells the full story. See the JSE:SAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SA Corporate Real Estate Ltd is a real estate investment trust. The company's portfolio includes mostly industrial and retail properties, with the remainder of inner-city residential and commercial assets. The properties are mainly located in the metropolitan centres of South Africa, with more than half located in Gauteng, approximately one-third in KwaZulu-Natal, and the others in Western Cape and other regions. The company's tenants consist of large national tenants, government tenants and franchisees. Its reportable segments are Retail, Industrial, Commercial, Residential, and Corporate. The company generates the maximum of its revenue from the Residential segment.
69GF Score
Get the complete analysis for JSE:SAC
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
JSE:SAC has been successfully added to your 
