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EfTEN Real Estate Fund ASOTSE:EFT1T -0.25%81 Altman Z-Score is 0.91 as of Aug. 13, 2026, which is 17% below its 10-year median of 1.09. GuruFocus rates OTSE:EFT1T with a GF Score™ of 81/100 and a GF Value™ of €19.32 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,728 Real Estate companies, EfTEN Real Estate Fund AS ranks worse than 64.35% 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 0.92 is in distress zone. This implies bankruptcy possibility in the next two years.
EfTEN Real Estate Fund AS has a Altman Z-Score of 0.91, 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 EfTEN Real Estate Fund AS's Altman Z-Score or its related term are showing as below:
OTSE:EFT1T'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.72 Med: 1.09 Max: 1.53
Current: 0.92
During the past 11 years, EfTEN Real Estate Fund AS's highest Altman Z-Score was 1.53. The lowest was 0.72. And the median was 1.09.
EfTEN Real Estate Fund AS (OTSE:EFT1T) 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.
OTSE:EFT1T vs CBRE, BEKE, JLL: Altman Z-Score Comparison
For the Real Estate Services subindustry, EfTEN Real Estate Fund 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.
EfTEN Real Estate Fund AS Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, EfTEN Real Estate Fund AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where EfTEN Real Estate Fund AS's Altman Z-Score falls into.
EfTEN Real Estate Fund 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.
EfTEN Real Estate Fund AS (OTSE:EFT1T) has a Altman Z-Score of 0.91 as of Aug. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on EfTEN Real Estate Fund AS and its competitors. This is 17% below median its historical median of 1.09. Over the past decade, EfTEN Real Estate Fund AS's Altman Z-Score has ranged from 0.72 to 1.53. According to the industry distribution chart, EfTEN Real Estate Fund AS ranks #1112 out of 1728 companies in the Real Estate industry, placing it in the top 64.4%.
Is EfTEN Real Estate Fund AS's Altman Z-Score too high?
EfTEN Real Estate Fund AS's current Altman Z-Score of 0.91 is 17% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.53. The Real Estate industry median Altman Z-Score is 1.30. EfTEN Real Estate Fund AS's value of 0.91 is 30% below this industry median. Based on the distribution chart, EfTEN Real Estate Fund AS ranks #1112 out of 1728 companies in the Real Estate industry, which is below the industry midpoint. Overall, EfTEN Real Estate Fund AS has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does EfTEN Real Estate Fund AS's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, EfTEN Real Estate Fund AS ranks #1112 out of 1728 companies for Altman Z-Score. This places EfTEN Real Estate Fund AS in the lower half of its industry. The industry median Altman Z-Score is 1.30. EfTEN Real Estate Fund AS's value of 0.91 is 30% below this benchmark. Historically, EfTEN Real Estate Fund AS's own Altman Z-Score has ranged from 0.72 to 1.53 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 1.30, EfTEN Real Estate Fund AS 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 1.30, based on 1,728 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. EfTEN Real Estate Fund AS's current Altman Z-Score of 0.91 is 30% 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 EfTEN Real Estate Fund AS 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. EfTEN Real Estate Fund AS's current Altman Z-Score is 0.91, which is 17% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EfTEN Real Estate Fund AS stock overvalued right now?
Based on GuruFocus' analysis, EfTEN Real Estate Fund AS (OTSE:EFT1T) is currently considered Fairly Valued. The stock's GF Value™ is €19.32, compared to a current price of €19.65 — trading 1.7% above its estimated fair value. The current Altman Z-Score is 0.91, which is 17% below median its 10-year median of 1.09 and 30% below the Real Estate industry median of 1.30. EfTEN Real Estate Fund AS's overall GF Score™ is 81/100 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 EfTEN Real Estate Fund AS (OTSE:EFT1T), the current Altman Z-Score is 0.91 as of Aug. 13, 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 EfTEN Real Estate Fund AS (OTSE:EFT1T) Overvalued in 2026?
Based on GuruFocus' analysis, EfTEN Real Estate Fund AS stock appears to be overvalued.
The current stock price of €19.65 is trading 1.7% above its estimated GF Value™ of €19.32.
GuruFocus considers EfTEN Real Estate Fund AS to be Fairly Valued.
Key valuation signals for OTSE:EFT1T:
Altman Z-Score: 0.91 (17% below median its 10-year median of 1.09)
GF Value™: €19.32 vs. price of €19.65 (1.7% above fair value)
Industry Position: 30% below the Real Estate median (#1112 of 1728)
No single metric tells the full story. See the OTSE:EFT1T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EfTEN Real Estate Fund AS is a closed alternative investment fund. The company invests in commercial real estate that generates cash flow in the Baltic states. It has five business segments (office, logistics, trade, nursing homes, hotels) and three geographical segments (Estonia, Latvia, Lithuania). It generates a majority of its revenue from Retail segment. Geographically, the company generates a majority of its revenue from Estonia.
81GF Score
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