Purple Ray StudioWAR:RAY 14 Altman Z2-Score is 47.32 as of Jun. 29, 2026, which is 8% above its 10-year median of 43.96. GuruFocus rates WAR:RAY with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 566 Interactive Media companies, Purple Ray Studio ranks better than 98.23% 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:
Purple Ray Studio has a Altman Z2-Score of 47.32, 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 Purple Ray Studio's Altman Z2-Score or its related term are showing as below:
WAR:RAY'
s Altman Z2-Score Range Over the Past 10 Years
Min: 16.07 Med: 43.96 Max: 47.32
Current: 47.32
During the past 3 years, Purple Ray Studio's highest Altman Z2-Score was 47.32. The lowest was 16.07. And the median was 43.96.
Purple Ray Studio (WAR:RAY) 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.
Altman Z2-Score does not apply to financial companies.
Purple Ray Studio Altman Z2-Score Related Terms
Purple Ray Studio Altman Z2-Score Historical Data
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The historical data trend for Purple Ray Studio'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.
WAR:RAY vs NTES, EA, TTWO: Altman Z2-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Purple Ray Studio'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.
Purple Ray Studio Altman Z2-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Purple Ray Studio's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Purple Ray Studio's Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
Purple Ray Studio'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
*
0.9744
+
3.26
*
-0.0754
+
6.72
*
0.0171
+
1.05
*
39.1031
=
47.32
* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
Purple Ray Studio (WAR:RAY) has a Altman Z2-Score of 47.32 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 Purple Ray Studio and its competitors. This is near median its historical median of 43.96. Over the past decade, Purple Ray Studio's Altman Z2-Score has ranged from 16.07 to 47.32. According to the industry distribution chart, Purple Ray Studio ranks #10 out of 566 companies in the Interactive Media industry, placing it in the top 1.8%.
Is Purple Ray Studio's Altman Z2-Score too high?
Purple Ray Studio's current Altman Z2-Score of 47.32 is near median its 10-year median of 43.96. Over the past 10 years, this metric has ranged from a low of 16.07 to a high of 47.32. The Interactive Media industry median Altman Z2-Score is 4.09. Purple Ray Studio's value of 47.32 is 1057% above this industry median. Based on the distribution chart, Purple Ray Studio ranks #10 out of 566 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Purple Ray Studio has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Purple Ray Studio's Altman Z2-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Purple Ray Studio ranks #10 out of 566 companies for Altman Z2-Score. This places Purple Ray Studio in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.09. Purple Ray Studio's value of 47.32 is 1057% above this benchmark. Historically, Purple Ray Studio's own Altman Z2-Score has ranged from 16.07 to 47.32 over the past decade. While the company's 10-year median is 43.96 vs. the industry median of 4.09, Purple Ray Studio 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 4.09, based on 566 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. Purple Ray Studio's current Altman Z2-Score of 47.32 is 1057% 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 Purple Ray Studio and its competitors. For the Interactive Media industry, the median Altman Z2-Score is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Purple Ray Studio's current Altman Z2-Score is 47.32, which is near median its own 10-year median of 43.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Purple Ray Studio stock overvalued right now?
Purple Ray Studio (WAR:RAY) has a current Altman Z2-Score of 47.32. The current Altman Z2-Score is 47.32, which is near median its 10-year median of 43.96 and 1057% above the Interactive Media industry median of 4.09. Purple Ray Studio's overall GF Score™ is 14/100 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 Purple Ray Studio (WAR:RAY), the current Altman Z2-Score is 47.32 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.
Purple Ray Studio SA is engaged in production of games. The activitis of the company include preparing set of animations, 3D elements, animation sound designs, independent piece of software, and other relted activities to form a proper game. The current game of the company is Boti: Byteland Overclocked which offers different versions and stages.
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