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 0.69 is in distress zone. This implies bankruptcy possibility in the next two years.
Plymouth Industrial REIT has a Altman Z-Score of 0.69, 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 Plymouth Industrial REIT's Altman Z-Score or its related term are showing as below:
PLYM'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.94 Med: 0.23 Max: 1.11
Current: 0.69
During the past 13 years, Plymouth Industrial REIT's highest Altman Z-Score was 1.11. The lowest was -0.94. And the median was 0.23.
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.
PLYM vs IIPR, ILPT, MDV: Altman Z-Score Comparison
For the REIT - Industrial subindustry, Plymouth Industrial 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.
Plymouth Industrial REIT Altman Z-Score vs REITs Industry
For the REITs industry and Real Estate sector, Plymouth Industrial REIT's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Plymouth Industrial 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.
* 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.
Plymouth Industrial REIT (PLYM) has a Altman Z-Score of 0.69 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Plymouth Industrial REIT and its competitors. This is 200% above median its historical median of 0.23.
Is Plymouth Industrial REIT's Altman Z-Score too high?
Plymouth Industrial REIT's current Altman Z-Score of 0.69 is 200% above median its 10-year median of 0.23. The REITs industry median Altman Z-Score is 1.07. Plymouth Industrial REIT's value of 0.69 is 35.5% below this industry median. Overall, Plymouth Industrial REIT has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does Plymouth Industrial REIT's Altman Z-Score compare to IIPR and ILPT?
Plymouth Industrial REIT's Altman Z-Score of 0.69 can be compared against companies in the REITs industry. The industry median Altman Z-Score is 1.07. Plymouth Industrial REIT's value of 0.69 is 35.5% below this benchmark. While the company's 10-year median is 0.23 vs. the industry median of 1.07, Plymouth Industrial REIT 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 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. Plymouth Industrial REIT's current Altman Z-Score of 0.69 is 35.5% 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 Plymouth Industrial 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. Plymouth Industrial REIT's current Altman Z-Score is 0.69, which is 200% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plymouth Industrial REIT stock overvalued right now?
Plymouth Industrial REIT (PLYM) has a current Altman Z-Score of 0.69. The stock's GF Value™ is $20.52, compared to a current price of $21.98 — trading 7.1% above its estimated fair value. The current Altman Z-Score is 0.69, which is 200% above median its 10-year median of 0.23 and 35.5% below the REITs industry median of 1.07. Plymouth Industrial REIT's overall GF Score™ is 54/100 with 11 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 Plymouth Industrial REIT (PLYM), the current Altman Z-Score is 0.69 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 Plymouth Industrial REIT (PLYM) Overvalued in 2026?
Based on GuruFocus' analysis, Plymouth Industrial REIT stock appears to be overvalued.
The current stock price of $21.98 is trading 7.1% above its estimated GF Value™ of $20.52.
Key valuation signals for PLYM:
Altman Z-Score: 0.69 (200% above median its 10-year median of 0.23)
GF Value™: $20.52 vs. price of $21.98 (7.1% above fair value)
No single metric tells the full story. See the PLYM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plymouth Industrial REIT Inc is a full-service, vertically integrated, self-administered, and self-managed Maryland corporation. It is focused on the acquisition, ownership, and management of single and multi-tenant Class B industrial properties, including distribution centers, warehouses, and light industrial properties, located in secondary and primary markets across the United States. The company has one reportable segment, which is Industrial properties. The majority of its property portfolio is spread across Florida, Ohio, Indiana, Tennessee, Illinois and Georgia, among others. It receives income from the rental revenue through its properties.
54GF Score
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