Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) Altman Z-Score: 5.78 (As of Aug. 06, 2026) — 69% Above Median

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KUW:THURAYA Dar AL Thuraya Real Estate Co KSCC KUW:THURAYA
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What is Dar AL Thuraya Real Estate Co KSCC Altman Z-Score?

Dar AL Thuraya Real Estate Co KSCC KUW:THURAYA -4.91% 12 Altman Z-Score is 5.78 as of Aug. 06, 2026, which is 69% above its 10-year median of 3.43. GuruFocus rates KUW:THURAYA with a GF Score™ of 12/100. The stock has 3 warning signs investors should review. Among 1,731 Real Estate companies, Dar AL Thuraya Real Estate Co KSCC ranks better than 91.8% 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 5.57 is strong.

Dar AL Thuraya Real Estate Co KSCC has a Altman Z-Score of 5.78, 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.

The historical rank and industry rank for Dar AL Thuraya Real Estate Co KSCC's Altman Z-Score or its related term are showing as below:

KUW:THURAYA' s Altman Z-Score Range Over the Past 10 Years
Min: 0.91   Med: 3.43   Max: 90.78
Current: 5.57

During the past 13 years, Dar AL Thuraya Real Estate Co KSCC's highest Altman Z-Score was 90.78. The lowest was 0.91. And the median was 3.43.


Dar AL Thuraya Real Estate Co KSCC  (KUW:THURAYA) 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.


Dar AL Thuraya Real Estate Co KSCC Altman Z-Score Related Terms


Dar AL Thuraya Real Estate Co KSCC Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Dar AL Thuraya Real Estate Co KSCC'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.

Dar AL Thuraya Real Estate Co KSCC Altman Z-Score Chart

Dar AL Thuraya Real Estate Co KSCC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.28 5.23 3.59 3.60 7.62

Dar AL Thuraya Real Estate Co KSCC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 3.61 4.19 9.37 7.62 8.42

KUW:THURAYA vs CBRE, BEKE, JLL: Altman Z-Score Comparison

For the Real Estate Services subindustry, Dar AL Thuraya Real Estate Co KSCC'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.


Dar AL Thuraya Real Estate Co KSCC Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Dar AL Thuraya Real Estate Co KSCC's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Dar AL Thuraya Real Estate Co KSCC's Altman Z-Score falls into.


KUW:THURAYA
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Dar AL Thuraya Real Estate Co KSCC KUW:THURAYA
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Dar AL Thuraya Real Estate Co KSCC 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.

Dar AL Thuraya Real Estate Co KSCC'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*-0.073+1.4*0.1478+3.3*0.0115+0.6*9.3681+1.0*0.0003
=5.78

* 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 KWD23.60 Mil.
Total Current Assets was KWD1.60 Mil.
Total Current Liabilities was KWD3.32 Mil.
Retained Earnings was KWD3.49 Mil.
Pre-Tax Income was 0.09 + -0.164 + 0.116 + 0.173 = KWD0.22 Mil.
Interest Expense was -0.011 + -0.011 + -0.021 + -0.013 = KWD-0.06 Mil.
Revenue was 0.164 + -0.488 + 0.166 + 0.166 = KWD0.01 Mil.
Market Cap (Today) was KWD31.21 Mil.
Total Liabilities was KWD3.33 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
=(1.597 - 3.319)/23.596
=-0.073

X2=Retained Earnings/Total Assets
=3.488/23.596
=0.1478

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.215 - -0.056)/23.596
=0.0115

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=31.205/3.331
=9.3681

X5=Revenue/Total Assets
=0.0080000000000001/23.596
=0.0003

The zones of discrimination were as such:

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

Dar AL Thuraya Real Estate Co KSCC has a Altman Z-Score of 5.78 indicating it is in Safe 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 5.78 mean?
Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) has a Altman Z-Score of 5.78 as of Aug. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dar AL Thuraya Real Estate Co KSCC and its competitors. This is 69% above median its historical median of 3.43. Over the past decade, Dar AL Thuraya Real Estate Co KSCC's Altman Z-Score has ranged from 0.91 to 90.78. According to the industry distribution chart, Dar AL Thuraya Real Estate Co KSCC ranks #142 out of 1731 companies in the Real Estate industry, placing it in the top 8.2%.
Is Dar AL Thuraya Real Estate Co KSCC's Altman Z-Score too high?
Dar AL Thuraya Real Estate Co KSCC's current Altman Z-Score of 5.78 is 69% above median its 10-year median of 3.43. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 90.78. The Real Estate industry median Altman Z-Score is 1.30. Dar AL Thuraya Real Estate Co KSCC's value of 5.78 is 344.6% above this industry median. Based on the distribution chart, Dar AL Thuraya Real Estate Co KSCC ranks #142 out of 1731 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Dar AL Thuraya Real Estate Co KSCC has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Dar AL Thuraya Real Estate Co KSCC's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Dar AL Thuraya Real Estate Co KSCC ranks #142 out of 1731 companies for Altman Z-Score. This places Dar AL Thuraya Real Estate Co KSCC in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.30. Dar AL Thuraya Real Estate Co KSCC's value of 5.78 is 344.6% above this benchmark. Historically, Dar AL Thuraya Real Estate Co KSCC's own Altman Z-Score has ranged from 0.91 to 90.78 over the past decade. While the company's 10-year median is 3.43 vs. the industry median of 1.30, Dar AL Thuraya Real Estate Co KSCC 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 1.30, 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. Dar AL Thuraya Real Estate Co KSCC's current Altman Z-Score of 5.78 is 344.6% 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 Dar AL Thuraya Real Estate Co KSCC and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dar AL Thuraya Real Estate Co KSCC's current Altman Z-Score is 5.78, which is 69% above median its own 10-year median of 3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dar AL Thuraya Real Estate Co KSCC stock overvalued right now?
Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA) has a current Altman Z-Score of 5.78. The current Altman Z-Score is 5.78, which is 69% above median its 10-year median of 3.43 and 344.6% above the Real Estate industry median of 1.30. Dar AL Thuraya Real Estate Co KSCC's overall GF Score™ is 12/100 with 3 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 Dar AL Thuraya Real Estate Co KSCC (KUW:THURAYA), the current Altman Z-Score is 5.78 as of Aug. 06, 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.

Dar AL Thuraya Real Estate Co KSCC Business Description

Address Ali Al Salem Street, Block 11, P.O. Box 1376, Building No. 21, Al Faris Commercial Tower, Mezzanine Floor, Al Qibla area, Safat, KWT, 13014
Dar AL Thuraya Real Estate Co KSCC operates in the real estate market. It provides real estate management, property, project, and construction management services; and real estate consultancy services. The company has three business segments. The Investment properties engaged in buying, selling and increasing the capital value of investment properties. The Investments segment engaged in Investment in subsidiaries and equity shares. And the others unallocated items include Assets, liabilities, revenues and expenses not allocated within the above segments. It generates maximum revenue from the Investment properties segment and geographically from Kuwait.
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