RL Commercial REITPHS:RCR +1.43%61 Altman Z-Score is 12.58 as of Jun. 26, 2026, which is 18% below its 10-year median of 15.38. GuruFocus rates PHS:RCR with a GF Score™ of 61/100 and a GF Value™ of ₱7.17 (Fairly Valued). The stock has 3 warning signs investors should review. Among 739 REITs companies, RL Commercial REIT ranks better than 92.69% 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 12.41 is strong.
RL Commercial REIT has a Altman Z-Score of 12.58, 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 RL Commercial REIT's Altman Z-Score or its related term are showing as below:
PHS:RCR'
s Altman Z-Score Range Over the Past 10 Years
Min: 11.46 Med: 15.38 Max: 28.4
Current: 12.41
During the past 7 years, RL Commercial REIT's highest Altman Z-Score was 28.40. The lowest was 11.46. And the median was 15.38.
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.
RL Commercial REIT Altman Z-Score Related Terms
RL Commercial REIT Altman Z-Score Historical Data
* Premium members only.
The historical data trend for RL Commercial REIT'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.
PHS:RCR vs BXP, ARE, VNO: Altman Z-Score Comparison
For the REIT - Office subindustry, RL Commercial REIT'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.
RL Commercial REIT Altman Z-Score vs REITs Industry
For the REITs industry and Real Estate sector, RL Commercial REIT's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where RL Commercial REIT'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.
RL Commercial REIT'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
*
0.0176
+
1.4
*
0.1946
+
3.3
*
0.176
+
0.6
*
19.3875
+
1.0
*
0.0715
=
12.58
* 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.
RL Commercial REIT (PHS:RCR) has a Altman Z-Score of 12.58 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on RL Commercial REIT and its competitors. This is 18% below median its historical median of 15.38. Over the past decade, RL Commercial REIT's Altman Z-Score has ranged from 11.46 to 28.40. According to the industry distribution chart, RL Commercial REIT ranks #54 out of 739 companies in the REITs industry, placing it in the top 7.3%.
Is RL Commercial REIT's Altman Z-Score too high?
RL Commercial REIT's current Altman Z-Score of 12.58 is 18% below median its 10-year median of 15.38. Over the past 10 years, this metric has ranged from a low of 11.46 to a high of 28.40. The REITs industry median Altman Z-Score is 1.07. RL Commercial REIT's value of 12.58 is 1075.7% above this industry median. Based on the distribution chart, RL Commercial REIT ranks #54 out of 739 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, RL Commercial REIT has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does RL Commercial REIT's Altman Z-Score compare to BXP and ARE?
According to the REITs industry distribution chart, RL Commercial REIT ranks #54 out of 739 companies for Altman Z-Score. This places RL Commercial REIT in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.07. RL Commercial REIT's value of 12.58 is 1075.7% above this benchmark. Historically, RL Commercial REIT's own Altman Z-Score has ranged from 11.46 to 28.40 over the past decade. While the company's 10-year median is 15.38 vs. the industry median of 1.07, RL Commercial REIT 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 REITs company?
The median Altman Z-Score among REITs companies is 1.07, based on 739 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. RL Commercial REIT's current Altman Z-Score of 12.58 is 1075.7% 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 RL Commercial REIT and its competitors. For the REITs industry, the median Altman Z-Score is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RL Commercial REIT's current Altman Z-Score is 12.58, which is 18% below median its own 10-year median of 15.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RL Commercial REIT stock overvalued right now?
Based on GuruFocus' analysis, RL Commercial REIT (PHS:RCR) is currently considered Fairly Valued. The stock's GF Value™ is ₱7.17, compared to a current price of ₱7.10 — trading 1% below its estimated fair value. The current Altman Z-Score is 12.58, which is 18% below median its 10-year median of 15.38 and 1075.7% above the REITs industry median of 1.07. RL Commercial REIT's overall GF Score™ is 61/100 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 RL Commercial REIT (PHS:RCR), the current Altman Z-Score is 12.58 as of Jun. 26, 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 RL Commercial REIT (PHS:RCR) Overvalued in 2026?
Based on GuruFocus' analysis, RL Commercial REIT stock appears to be undervalued.
The current stock price of ₱7.10 is trading 1% below its estimated GF Value™ of ₱7.17.
GuruFocus considers RL Commercial REIT to be Fairly Valued.
Key valuation signals for PHS:RCR:
Altman Z-Score: 12.58 (18% below median its 10-year median of 15.38)
GF Value™: ₱7.17 vs. price of ₱7.10 (1% below fair value)
Industry Position: 1075.7% above the REITs median (#54 of 739)
No single metric tells the full story. See the PHS:RCR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RL Commercial REIT Inc is a real estate company established in the Philippines. The portfolio of the company includes Exxa Tower, Robinsons Galleria Cebu Office, Robinsons Place Luisita 1, Cybergate Naga and Cybergate Delta 1, and others.
61GF Score
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