COLOPL (FRA:3C8) Altman Z2-Score: 21.74 (As of Aug. 23, 2026) — 11% Above Median

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FRA:3C8 COLOPL Inc FRA:3C8
64 GF Score
Price €2.26
GF Value €2.01
! 6 Warning Signs
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What is COLOPL Altman Z2-Score?

COLOPL FRA:3C8 -0.88% 64 Altman Z2-Score is 21.74 as of Aug. 23, 2026, which is 11% above its 10-year median of 19.65. GuruFocus rates FRA:3C8 with a GF Score™ of 64/100 and a GF Value™ of €2.01. The stock has 6 warning signs investors should review. Among 557 Interactive Media companies, COLOPL ranks better than 95.15% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Good Sign:

COLOPL has a Altman Z2-Score of 21.74, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for COLOPL's Altman Z2-Score or its related term are showing as below:

FRA:3C8' s Altman Z2-Score Range Over the Past 10 Years
Min: 15.24   Med: 19.65   Max: 24.52
Current: 20.7

During the past 13 years, COLOPL's highest Altman Z2-Score was 24.52. The lowest was 15.24. And the median was 19.65.


COLOPL  (FRA:3C8) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

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_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


COLOPL Altman Z2-Score Related Terms


COLOPL Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for COLOPL's Altman Z2-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.

COLOPL Altman Z2-Score Chart

COLOPL Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.40 20.76 23.34 16.31 18.29

COLOPL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z2-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 16.33 18.29 19.29 20.70 0.00

FRA:3C8 vs NTES, EA, TTWO: Altman Z2-Score Comparison

For the Electronic Gaming & Multimedia subindustry, COLOPL's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.


COLOPL Altman Z2-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, COLOPL's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where COLOPL's Altman Z2-Score falls into.


FRA:3C8
64GF Score
COLOPL Inc FRA:3C8
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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COLOPL Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

COLOPL's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.7826+3.26*0.8004+6.72*0.0433+1.05*13.0497
=21.74

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was €390.1 Mil.
Total Current Assets was €329.2 Mil.
Total Current Liabilities was €24.0 Mil.
Retained Earnings was €312.2 Mil.
Pre-Tax Income was 5.934 + 5.228 + 1.473 + 4.201 = €16.8 Mil.
Interest Expense was -0.005 + -0.005 + -0.005 + -0.046 = €-0.1 Mil.
Total Liabilities was €27.8 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(329.237 - 23.966)/390.068
=0.7826

X2=Retained Earnings/Total Assets
=312.204/390.068
=0.8004

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(16.836 - -0.061)/390.068
=0.0433

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(362.285 - 0)/27.762
=13.0497

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

COLOPL has a Altman Z2-Score of 21.74 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 21.74 mean?
COLOPL (FRA:3C8) has a Altman Z2-Score of 21.74 as of Aug. 23, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on COLOPL and its competitors. This is 11% above median its historical median of 19.65. Over the past decade, COLOPL's Altman Z2-Score has ranged from 15.24 to 24.52. According to the industry distribution chart, COLOPL ranks #27 out of 557 companies in the Interactive Media industry, placing it in the top 4.8%.
Is COLOPL's Altman Z2-Score too high?
COLOPL's current Altman Z2-Score of 21.74 is 11% above median its 10-year median of 19.65. Over the past 10 years, this metric has ranged from a low of 15.24 to a high of 24.52. The Interactive Media industry median Altman Z2-Score is 4.06. COLOPL's value of 21.74 is 435.5% above this industry median. Based on the distribution chart, COLOPL ranks #27 out of 557 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, COLOPL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does COLOPL's Altman Z2-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, COLOPL ranks #27 out of 557 companies for Altman Z2-Score. This places COLOPL in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.06. COLOPL's value of 21.74 is 435.5% above this benchmark. Historically, COLOPL's own Altman Z2-Score has ranged from 15.24 to 24.52 over the past decade. While the company's 10-year median is 19.65 vs. the industry median of 4.06, COLOPL 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 Z2-Score for an Interactive Media company?
The median Altman Z2-Score among Interactive Media companies is 4.06, based on 557 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. COLOPL's current Altman Z2-Score of 21.74 is 435.5% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on COLOPL and its competitors. For the Interactive Media industry, the median Altman Z2-Score is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. COLOPL's current Altman Z2-Score is 21.74, which is 11% above median its own 10-year median of 19.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is COLOPL stock overvalued right now?
COLOPL (FRA:3C8) has a current Altman Z2-Score of 21.74. The stock's GF Value™ is €2.01, compared to a current price of €2.26 — trading 12.4% above its estimated fair value. The current Altman Z2-Score is 21.74, which is 11% above median its 10-year median of 19.65 and 435.5% above the Interactive Media industry median of 4.06. COLOPL's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For COLOPL (FRA:3C8), the current Altman Z2-Score is 21.74 as of Aug. 23, 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 COLOPL (FRA:3C8) Overvalued in 2026?

Based on GuruFocus' analysis, COLOPL stock appears to be overvalued. The current stock price of €2.26 is trading 12.4% above its estimated GF Value™ of €2.01.

Key valuation signals for FRA:3C8:

  • Altman Z2-Score: 21.74 (11% above median its 10-year median of 19.65)
  • GF Value™: €2.01 vs. price of €2.26 (12.4% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 435.5% above the Interactive Media median (#27 of 557)

No single metric tells the full story. See the FRA:3C8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


COLOPL Business Description

Other Exchanges 3668:Japan
Address 9-7-2 Akasaka, Midtown East 6th Floor, Minato-ku, Tokyo, JPN, 107-0052
COLOPL Inc is a Japanese company that is engaged in the entertainment business, mainly developing and operating games for smartphones. It's native smartphone apps such as White Cat Project and Quiz RPG: Wizard and Black Cat Wiz. The company operates in two business segments: the Entertainment Business develops and sells smartphone games, and the Investment Development Business, which mainly targets IT-related and entertainment companies, etc.
64GF Score

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Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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