Eik fasteignafelag hf (OISE:EIK) Altman Z-Score: 0.66 (As of Jul. 16, 2026) — 14% Below Median

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OISE:EIK Eik fasteignafelag hf OISE:EIK
71 GF Score
Price kr14.15
GF Value kr15.24
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is Eik fasteignafelag hf Altman Z-Score?

Eik fasteignafelag hf OISE:EIK 71 Altman Z-Score is 0.66 as of Jul. 16, 2026, which is 14% below its 10-year median of 0.77. GuruFocus rates OISE:EIK with a GF Score™ of 71/100 and a GF Value™ of kr15.24 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,731 Real Estate companies, Eik fasteignafelag hf ranks worse than 74.35% 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 0.66 is in distress zone. This implies bankruptcy possibility in the next two years.

Eik fasteignafelag hf has a Altman Z-Score of 0.66, 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 Eik fasteignafelag hf's Altman Z-Score or its related term are showing as below:

OISE:EIK' s Altman Z-Score Range Over the Past 10 Years
Min: 0.56   Med: 0.77   Max: 0.93
Current: 0.66

During the past 13 years, Eik fasteignafelag hf's highest Altman Z-Score was 0.93. The lowest was 0.56. And the median was 0.77.


Eik fasteignafelag hf  (OISE:EIK) 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.


Eik fasteignafelag hf Altman Z-Score Related Terms


Eik fasteignafelag hf Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Eik fasteignafelag hf'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.

Eik fasteignafelag hf Altman Z-Score Chart

Eik fasteignafelag hf 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 0.81 0.90 0.86 0.92 0.72

Eik fasteignafelag hf 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 0.87 0.87 0.83 0.72 0.66

OISE:EIK vs CBRE, BEKE, JLL: Altman Z-Score Comparison

For the Real Estate Services subindustry, Eik fasteignafelag hf'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.


Eik fasteignafelag hf Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Eik fasteignafelag hf's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Eik fasteignafelag hf's Altman Z-Score falls into.


OISE:EIK
71GF Score
Eik fasteignafelag hf OISE:EIK
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eik fasteignafelag hf 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.

Eik fasteignafelag hf'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*-0.0987+1.4*0.1936+3.3*0.0667+0.6*0.3682+1.0*0.0658
=0.66

* 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 kr186,143 Mil.
Total Current Assets was kr5,123 Mil.
Total Current Liabilities was kr23,488 Mil.
Retained Earnings was kr36,035 Mil.
Pre-Tax Income was 1221 + 2112 + 530 + 2516 = kr6,379 Mil.
Interest Expense was -1207 + -932 + -1739 + -2156 = kr-6,034 Mil.
Revenue was 3094 + 3757 + 2761 + 2630 = kr12,242 Mil.
Market Cap (Today) was kr48,017 Mil.
Total Liabilities was kr130,405 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
=(5123 - 23488)/186143
=-0.0987

X2=Retained Earnings/Total Assets
=36035/186143
=0.1936

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6379 - -6034)/186143
=0.0667

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=48016.610/130405
=0.3682

X5=Revenue/Total Assets
=12242/186143
=0.0658

The zones of discrimination were as such:

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

Eik fasteignafelag hf has a Altman Z-Score of 0.66 indicating it is in Distress 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 0.66 mean?
Eik fasteignafelag hf (OISE:EIK) has a Altman Z-Score of 0.66 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Eik fasteignafelag hf and its competitors. This is 14% below median its historical median of 0.77. Over the past decade, Eik fasteignafelag hf's Altman Z-Score has ranged from 0.56 to 0.93. According to the industry distribution chart, Eik fasteignafelag hf ranks #1287 out of 1731 companies in the Real Estate industry, placing it in the top 74.4%.
Is Eik fasteignafelag hf's Altman Z-Score too high?
Eik fasteignafelag hf's current Altman Z-Score of 0.66 is 14% below median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 0.93. The Real Estate industry median Altman Z-Score is 1.31. Eik fasteignafelag hf's value of 0.66 is 49.6% below this industry median. Based on the distribution chart, Eik fasteignafelag hf ranks #1287 out of 1731 companies in the Real Estate industry, which is below the industry midpoint. Overall, Eik fasteignafelag hf has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eik fasteignafelag hf's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Eik fasteignafelag hf ranks #1287 out of 1731 companies for Altman Z-Score. This places Eik fasteignafelag hf in the lower half of its industry. The industry median Altman Z-Score is 1.31. Eik fasteignafelag hf's value of 0.66 is 49.6% below this benchmark. Historically, Eik fasteignafelag hf's own Altman Z-Score has ranged from 0.56 to 0.93 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 1.31, Eik fasteignafelag hf 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.31, 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. Eik fasteignafelag hf's current Altman Z-Score of 0.66 is 49.6% 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 Eik fasteignafelag hf 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. Eik fasteignafelag hf's current Altman Z-Score is 0.66, which is 14% below median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eik fasteignafelag hf stock overvalued right now?
Based on GuruFocus' analysis, Eik fasteignafelag hf (OISE:EIK) is currently considered Fairly Valued. The stock's GF Value™ is kr15.24, compared to a current price of kr14.15 — trading 7.2% below its estimated fair value. The current Altman Z-Score is 0.66, which is 14% below median its 10-year median of 0.77 and 49.6% below the Real Estate industry median of 1.31. Eik fasteignafelag hf's overall GF Score™ is 71/100 with 8 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 Eik fasteignafelag hf (OISE:EIK), the current Altman Z-Score is 0.66 as of Jul. 16, 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 Eik fasteignafelag hf (OISE:EIK) Overvalued in 2026?

Based on GuruFocus' analysis, Eik fasteignafelag hf stock appears to be undervalued. The current stock price of kr14.15 is trading 7.2% below its estimated GF Value™ of kr15.24. GuruFocus considers Eik fasteignafelag hf to be Fairly Valued.

Key valuation signals for OISE:EIK:

  • Altman Z-Score: 0.66 (14% below median its 10-year median of 0.77)
  • GF Value™: kr15.24 vs. price of kr14.15 (7.2% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 49.6% below the Real Estate median (#1287 of 1731)

No single metric tells the full story. See the OISE:EIK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eik fasteignafelag hf Business Description

Address The Tower, Smaratorgi 3, Kopavogur, ISL, 201
Eik fasteignafelag hf is a real estate company. The company owns and leases real estate properties. Its real estate portfolio consists of housing, retail and office space in the business areas. It also engaged in leasing of commercial real estate. It offers spaces for offices, warehouses and retail spaces in both urban and rural area.
71GF Score

Get the complete analysis for OISE:EIK

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr14.15
Price
kr15.24
GF Value