Noobz From Poland (WAR:NOB) Beneish M-Score: 1.32 (As of Jun. 26, 2026) — 11% Above Median


WAR:NOB Noobz From Poland SA WAR:NOB
58 GF Score
Price zł13.20
GF Value zł6.05
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Noobz From Poland Beneish M-Score?

Noobz From Poland WAR:NOB 58 Beneish M-Score is 1.32 as of Jun. 26, 2026, which is 11% above its 10-year median of 1.19. GuruFocus rates WAR:NOB with a GF Score™ of 58/100 and a GF Value™ of zł6.05 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 532 Interactive Media companies, Noobz From Poland ranks worse than 96.62% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Warning Sign:

Beneish M-Score 1.32 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Noobz From Poland's Beneish M-Score or its related term are showing as below:

WAR:NOB' s Beneish M-Score Range Over the Past 10 Years
Min: -2.07   Med: 1.19   Max: 3.11
Current: 1.32

During the past 6 years, the highest Beneish M-Score of Noobz From Poland was 3.11. The lowest was -2.07. And the median was 1.19.


Noobz From Poland Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Noobz From Poland's Beneish M-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.

Noobz From Poland Beneish M-Score Chart

Noobz From Poland Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -2.07 3.05 1.05 1.32

Noobz From Poland Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-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 0.00 0.00 0.00 1.32 0.00

WAR:NOB vs NTES, EA, TTWO: Beneish M-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Noobz From Poland's Beneish M-Score, along with its competitors' market caps and Beneish M-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.


Noobz From Poland Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Noobz From Poland's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Noobz From Poland's Beneish M-Score falls into.


WAR:NOB
58GF Score
Noobz From Poland SA WAR:NOB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Noobz From Poland Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Noobz From Poland for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 3.1456+0.528 * 0.3645+0.404 * 7.4406+0.892 * 0.6022+0.115 * 0.42
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.008402-0.327 * 0.9378
=1.32

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was zł0.20 Mil.
Revenue was zł0.17 Mil.
Gross Profit was zł0.78 Mil.
Total Current Assets was zł3.15 Mil.
Total Assets was zł6.07 Mil.
Property, Plant and Equipment(Net PPE) was zł0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.02 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł0.73 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.
Net Income was zł-0.91 Mil.
Gross Profit was zł0.00 Mil.
Cash Flow from Operations was zł-0.86 Mil.
Total Receivables was zł0.10 Mil.
Revenue was zł0.27 Mil.
Gross Profit was zł0.47 Mil.
Total Current Assets was zł7.69 Mil.
Total Assets was zł8.30 Mil.
Property, Plant and Equipment(Net PPE) was zł0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was zł0.02 Mil.
Selling, General, & Admin. Expense(SGA) was zł0.00 Mil.
Total Current Liabilities was zł1.07 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.00 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(0.197 / 0.165) / (0.104 / 0.274)
=1.193939 / 0.379562
=3.1456

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(0.474 / 0.274) / (0.783 / 0.165)
=1.729927 / 4.745455
=0.3645

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (3.145 + 0.024) / 6.07) / (1 - (7.686 + 0.079) / 8.298)
=0.477924 / 0.064232
=7.4406

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=0.165 / 0.274
=0.6022

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0.021 / (0.021 + 0.079)) / (0.024 / (0.024 + 0.024))
=0.21 / 0.5
=0.42

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0 / 0.165) / (0 / 0.274)
=0 / 0
=1

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0 + 0.734) / 6.07) / ((0 + 1.07) / 8.298)
=0.120923 / 0.128947
=0.9378

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-0.909 - 0 - -0.858) / 6.07
=-0.008402

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Noobz From Poland has a M-score of 1.32 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 1.32 mean?
Noobz From Poland (WAR:NOB) has a Beneish M-Score of 1.32 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Noobz From Poland and its competitors. This is 11% above median its historical median of 1.19. According to the industry distribution chart, Noobz From Poland ranks #514 out of 532 companies in the Interactive Media industry, placing it in the top 96.6%.
Is Noobz From Poland's Beneish M-Score too high?
Noobz From Poland's current Beneish M-Score of 1.32 is 11% above median its 10-year median of 1.19. Based on the distribution chart, Noobz From Poland ranks #514 out of 532 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Noobz From Poland has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Noobz From Poland's Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Noobz From Poland ranks #514 out of 532 companies for Beneish M-Score. This places Noobz From Poland in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Noobz From Poland and its competitors. Noobz From Poland's current Beneish M-Score is 1.32, which is 11% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Noobz From Poland stock overvalued right now?
Based on GuruFocus' analysis, Noobz From Poland (WAR:NOB) is currently considered Significantly Overvalued. The stock's GF Value™ is zł6.05, compared to a current price of zł13.20 — trading 118.2% above its estimated fair value. The current Beneish M-Score is 1.32, which is 11% above median its 10-year median of 1.19. Noobz From Poland's overall GF Score™ is 58/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Noobz From Poland (WAR:NOB), the current Beneish M-Score is 1.32 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 Noobz From Poland (WAR:NOB) Overvalued in 2026?

Based on GuruFocus' analysis, Noobz From Poland stock appears to be overvalued. The current stock price of zł13.20 is trading 118.2% above its estimated GF Value™ of zł6.05. GuruFocus considers Noobz From Poland to be Significantly Overvalued.

Key valuation signals for WAR:NOB:

  • Beneish M-Score: 1.32 (11% above median its 10-year median of 1.19)
  • GF Value™: zł6.05 vs. price of zł13.20 (118.2% above fair value)
  • GF Score™: 58/100 with 2 warning signs

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


Noobz From Poland Business Description

Address Street Drawska 29/95, Warsaw, POL, 02 – 202
Noobz From Poland SA is a game development studio based in Warsaw. The company's latest game is Total Tank Simulator.
58GF Score

Get the complete analysis for WAR:NOB

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

zł13.20
Price
zł6.05
GF Value