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Suraj Estate DevelopersNSE:SURAJEST -0.09%57 Altman Z-Score is 2.13 as of Aug. 25, 2026, which is 21% below its 10-year median of 2.68. GuruFocus rates NSE:SURAJEST with a GF Score™ of 57/100 and a GF Value™ of ₹387.76 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,726 Real Estate companies, Suraj Estate Developers ranks better than 72.13% 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 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.
Suraj Estate Developers has a Altman Z-Score of 2.13, indicating it is in Grey Zones. This implies that Suraj Estate Developers 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.
The historical rank and industry rank for Suraj Estate Developers's Altman Z-Score or its related term are showing as below:
NSE:SURAJEST'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.05 Med: 2.68 Max: 4.07
Current: 2.13
During the past 6 years, Suraj Estate Developers's highest Altman Z-Score was 4.07. The lowest was 2.05. And the median was 2.68.
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.
For the Real Estate - Development subindustry, Suraj Estate Developers'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.
Suraj Estate Developers Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Suraj Estate Developers's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Suraj Estate Developers'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.
* 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.
Suraj Estate Developers (NSE:SURAJEST) has a Altman Z-Score of 2.13 as of Aug. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Suraj Estate Developers and its competitors. This is 21% below median its historical median of 2.68. Over the past decade, Suraj Estate Developers' Altman Z-Score has ranged from 2.05 to 4.07. According to the industry distribution chart, Suraj Estate Developers ranks #481 out of 1726 companies in the Real Estate industry, placing it in the top 27.9%.
Is Suraj Estate Developers' Altman Z-Score too high?
Suraj Estate Developers' current Altman Z-Score of 2.13 is 21% below median its 10-year median of 2.68. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 4.07. The Real Estate industry median Altman Z-Score is 1.31. Suraj Estate Developers' value of 2.13 is 62.6% above this industry median. Based on the distribution chart, Suraj Estate Developers ranks #481 out of 1726 companies in the Real Estate industry, which is above the industry midpoint. Overall, Suraj Estate Developers has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Suraj Estate Developers' Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Suraj Estate Developers ranks #481 out of 1726 companies for Altman Z-Score. This puts Suraj Estate Developers in the upper half of its industry. The industry median Altman Z-Score is 1.31. Suraj Estate Developers' value of 2.13 is 62.6% above this benchmark. Historically, Suraj Estate Developers' own Altman Z-Score has ranged from 2.05 to 4.07 over the past decade. While the company's 10-year median is 2.68 vs. the industry median of 1.31, Suraj Estate Developers 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 1.31, based on 1,726 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. Suraj Estate Developers's current Altman Z-Score of 2.13 is 62.6% 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 Suraj Estate Developers and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Suraj Estate Developers's current Altman Z-Score is 2.13, which is 21% below median its own 10-year median of 2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Suraj Estate Developers stock overvalued right now?
Based on GuruFocus' analysis, Suraj Estate Developers (NSE:SURAJEST) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹387.76, compared to a current price of ₹195.29 — trading 49.6% below its estimated fair value. The current Altman Z-Score is 2.13, which is 21% below median its 10-year median of 2.68 and 62.6% above the Real Estate industry median of 1.31. Suraj Estate Developers' overall GF Score™ is 57/100 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 Suraj Estate Developers (NSE:SURAJEST), the current Altman Z-Score is 2.13 as of Aug. 25, 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 Suraj Estate Developers (NSE:SURAJEST) Overvalued in 2026?
Based on GuruFocus' analysis, Suraj Estate Developers stock appears to be undervalued.
The current stock price of ₹195.29 is trading 49.6% below its estimated GF Value™ of ₹387.76.
GuruFocus considers Suraj Estate Developers to be Significantly Undervalued.
Key valuation signals for NSE:SURAJEST:
Altman Z-Score: 2.13 (21% below median its 10-year median of 2.68)
GF Value™: ₹387.76 vs. price of ₹195.29 (49.6% below fair value)
Industry Position: 62.6% above the Real Estate median (#481 of 1726)
No single metric tells the full story. See the NSE:SURAJEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Suraj Estate Developers Ltd is involved in the real estate business. It develops real estate across the residential and commercial sectors in the South Central Mumbai region. The Company is engaged in the development of real estate in India, which includes the development and sale of residential and commercial premises. The company generates all of its revenue within India. The company's projects include Ocean Star, Suraj Lumina, The Palette, Suraj Aureva, Suraj Vitalis, Vitalis, Park View, Eterna, and other projects.
57GF Score
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