Atlanta Poland (WAR:ATP) Altman Z2-Score: 4.58 (As of Jun. 29, 2026) — 23% Above Median


WAR:ATP Atlanta Poland SA WAR:ATP
78 GF Score
Price zł20.00
GF Value zł20.70
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Atlanta Poland Altman Z2-Score?

Atlanta Poland WAR:ATP 78 Altman Z2-Score is 4.58 as of Jun. 29, 2026, which is 23% above its 10-year median of 3.72. GuruFocus rates WAR:ATP with a GF Score™ of 78/100 and a GF Value™ of zł20.70 (Fairly Valued). The stock has 1 warning sign investors should review. Among 304 Retail - Defensive companies, Atlanta Poland ranks better than 67.76% 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:

Atlanta Poland has a Altman Z2-Score of 4.58, 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 Atlanta Poland's Altman Z2-Score or its related term are showing as below:

WAR:ATP' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.93   Med: 3.72   Max: 5.48
Current: 4.58

During the past 13 years, Atlanta Poland's highest Altman Z2-Score was 5.48. The lowest was 1.93. And the median was 3.72.


Atlanta Poland  (WAR:ATP) 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.


Atlanta Poland Altman Z2-Score Related Terms


Atlanta Poland Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Atlanta Poland'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.

Atlanta Poland Altman Z2-Score Chart

Atlanta Poland Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.06 3.11 3.47 5.11 4.37

Atlanta Poland Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.69 4.37 4.76 3.84 4.58

WAR:ATP vs SYY, USFD, PFGC: Altman Z2-Score Comparison

For the Food Distribution subindustry, Atlanta Poland'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.


Atlanta Poland Altman Z2-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Atlanta Poland's Altman Z2-Score distribution charts can be found below:

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


WAR:ATP
78GF Score
Atlanta Poland SA WAR:ATP
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Atlanta Poland 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.

Atlanta Poland'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*0.372+3.26*0.086+6.72*0.1102+1.05*1.0633
=4.58

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was zł250.7 Mil.
Total Current Assets was zł200.6 Mil.
Total Current Liabilities was zł107.3 Mil.
Retained Earnings was zł21.6 Mil.
Pre-Tax Income was 7.326 + 9.237 + 4.501 + 1.192 = zł22.3 Mil.
Interest Expense was -1.262 + -1.391 + -1.464 + -1.26 = zł-5.4 Mil.
Total Liabilities was zł121.5 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
=(200.592 - 107.336)/250.705
=0.372

X2=Retained Earnings/Total Assets
=21.563/250.705
=0.086

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(22.256 - -5.377)/250.705
=0.1102

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(129.197 - 0)/121.508
=1.0633

The zones of discrimination were as such:

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

Atlanta Poland has a Altman Z2-Score of 4.58 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.58 mean?
Atlanta Poland (WAR:ATP) has a Altman Z2-Score of 4.58 as of Jun. 29, 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 Atlanta Poland and its competitors. This is 23% above median its historical median of 3.72. Over the past decade, Atlanta Poland's Altman Z2-Score has ranged from 1.93 to 5.48. According to the industry distribution chart, Atlanta Poland ranks #98 out of 304 companies in the Retail - Defensive industry, placing it in the top 32.2%.
Is Atlanta Poland's Altman Z2-Score too high?
Atlanta Poland's current Altman Z2-Score of 4.58 is 23% above median its 10-year median of 3.72. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 5.48. The Retail - Defensive industry median Altman Z2-Score is 2.68. Atlanta Poland's value of 4.58 is 70.9% above this industry median. Based on the distribution chart, Atlanta Poland ranks #98 out of 304 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Atlanta Poland has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Atlanta Poland's Altman Z2-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Atlanta Poland ranks #98 out of 304 companies for Altman Z2-Score. This puts Atlanta Poland in the upper half of its industry. The industry median Altman Z2-Score is 2.68. Atlanta Poland's value of 4.58 is 70.9% above this benchmark. Historically, Atlanta Poland's own Altman Z2-Score has ranged from 1.93 to 5.48 over the past decade. While the company's 10-year median is 3.72 vs. the industry median of 2.68, Atlanta Poland 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 a Retail - Defensive company?
The median Altman Z2-Score among Retail - Defensive companies is 2.68, based on 304 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. Atlanta Poland's current Altman Z2-Score of 4.58 is 70.9% 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 Atlanta Poland and its competitors. For the Retail - Defensive industry, the median Altman Z2-Score is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlanta Poland's current Altman Z2-Score is 4.58, which is 23% above median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlanta Poland stock overvalued right now?
Based on GuruFocus' analysis, Atlanta Poland (WAR:ATP) is currently considered Fairly Valued. The stock's GF Value™ is zł20.70, compared to a current price of zł20.00 — trading 3.4% below its estimated fair value. The current Altman Z2-Score is 4.58, which is 23% above median its 10-year median of 3.72 and 70.9% above the Retail - Defensive industry median of 2.68. Atlanta Poland's overall GF Score™ is 78/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Atlanta Poland (WAR:ATP), the current Altman Z2-Score is 4.58 as of Jun. 29, 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 Atlanta Poland (WAR:ATP) Overvalued in 2026?

Based on GuruFocus' analysis, Atlanta Poland stock appears to be undervalued. The current stock price of zł20.00 is trading 3.4% below its estimated GF Value™ of zł20.70. GuruFocus considers Atlanta Poland to be Fairly Valued.

Key valuation signals for WAR:ATP:

  • Altman Z2-Score: 4.58 (23% above median its 10-year median of 3.72)
  • GF Value™: zł20.70 vs. price of zł20.00 (3.4% below fair value)
  • GF Score™: 78/100 with 1 warning sign
  • Industry Position: 70.9% above the Retail - Defensive median (#98 of 304)

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


Atlanta Poland Business Description

Address ul. Zalogowa 17, Gdansk, POL, 80-557
Atlanta Poland SA is an importer and wholesaler of nuts and dried fruit. It is used by confectionery and bakery industries. The company products include nuts, dried fruits, and grains and seeds. Its brands include Bakal, Bakal Sport and others.
78GF Score

Get the complete analysis for WAR:ATP

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

zł20.00
Price
zł20.70
GF Value