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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 26.38 is strong.
General De Galerias Comerciales Socimi has a Altman Z-Score of 26.38, 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.
General De Galerias Comerciales Socimi (XMAD:GGC) 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.
General De Galerias Comerciales Socimi Altman Z-Score Chart
General De Galerias Comerciales Socimi Annual Data
XMAD:GGC vs SPG, O, KIM: Altman Z-Score Comparison
For the REIT - Retail subindustry, General De Galerias Comerciales Socimi'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.
General De Galerias Comerciales Socimi Altman Z-Score vs REITs Industry
General De Galerias Comerciales Socimi 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.
General De Galerias Comerciales Socimi (XMAD:GGC) has a Altman Z-Score of 26.38 as of Jul. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on General De Galerias Comerciales Socimi and its competitors. This is 68% above median its historical median of 15.66. Over the past decade, General De Galerias Comerciales Socimi's Altman Z-Score has ranged from 12.39 to 26.38. According to the industry distribution chart, General De Galerias Comerciales Socimi ranks #38 out of 733 companies in the REITs industry, placing it in the top 5.2%.
Is General De Galerias Comerciales Socimi's Altman Z-Score too high?
General De Galerias Comerciales Socimi's current Altman Z-Score of 26.38 is 68% above median its 10-year median of 15.66. Over the past 10 years, this metric has ranged from a low of 12.39 to a high of 26.38. The REITs industry median Altman Z-Score is 1.09. General De Galerias Comerciales Socimi's value of 26.38 is 2320.2% above this industry median. Based on the distribution chart, General De Galerias Comerciales Socimi ranks #38 out of 733 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, General De Galerias Comerciales Socimi has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General De Galerias Comerciales Socimi's Altman Z-Score compare to SPG and O?
According to the REITs industry distribution chart, General De Galerias Comerciales Socimi ranks #38 out of 733 companies for Altman Z-Score. This places General De Galerias Comerciales Socimi in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.09. General De Galerias Comerciales Socimi's value of 26.38 is 2320.2% above this benchmark. Historically, General De Galerias Comerciales Socimi's own Altman Z-Score has ranged from 12.39 to 26.38 over the past decade. While the company's 10-year median is 15.66 vs. the industry median of 1.09, General De Galerias Comerciales Socimi 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 1.09, based on 733 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. General De Galerias Comerciales Socimi's current Altman Z-Score of 26.38 is 2320.2% 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 General De Galerias Comerciales Socimi and its competitors. For the REITs industry, the median Altman Z-Score is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General De Galerias Comerciales Socimi's current Altman Z-Score is 26.38, which is 68% above median its own 10-year median of 15.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General De Galerias Comerciales Socimi stock overvalued right now?
Based on GuruFocus' analysis, General De Galerias Comerciales Socimi (XMAD:GGC) is currently considered Fairly Valued. The stock's GF Value™ is €155.85, compared to a current price of €161.00 — trading 3.3% above its estimated fair value. The current Altman Z-Score is 26.38, which is 68% above median its 10-year median of 15.66 and 2320.2% above the REITs industry median of 1.09. General De Galerias Comerciales Socimi's overall GF Score™ is 91/100 with 1 warning sign 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 General De Galerias Comerciales Socimi (XMAD:GGC), the current Altman Z-Score is 26.38 as of Jul. 20, 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 General De Galerias Comerciales Socimi (XMAD:GGC) Overvalued in 2026?
Based on GuruFocus' analysis, General De Galerias Comerciales Socimi stock appears to be overvalued.
The current stock price of €161.00 is trading 3.3% above its estimated GF Value™ of €155.85.
GuruFocus considers General De Galerias Comerciales Socimi to be Fairly Valued.
Key valuation signals for XMAD:GGC:
Altman Z-Score: 26.38 (68% above median its 10-year median of 15.66)
GF Value™: €155.85 vs. price of €161.00 (3.3% above fair value)
Industry Position: 2320.2% above the REITs median (#38 of 733)
No single metric tells the full story. See the XMAD:GGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General De Galerias Comerciales Socimi Business Description
General De Galerías Comerciales Socimi SA is a Spanish investment real estate company. The company is specialized in developing, acquiring and managing quality tertiary real estate assets in the Spanish market. It manages six shopping centres, being five of them located in Andalucía and the other one in Cataluna.
91GF Score
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