Render Cube (WAR:RND) Altman Z2-Score: 30.25 (As of Jul. 14, 2026) — 51% Below Median

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WAR:RND Render Cube SA WAR:RND
91 GF Score
Price zł76.20
GF Value zł106.50
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Render Cube Altman Z2-Score?

Render Cube WAR:RND +2.97% 91 Altman Z2-Score is 30.25 as of Jul. 14, 2026, which is 51% below its 10-year median of 61.28. GuruFocus rates WAR:RND with a GF Score™ of 91/100 and a GF Value™ of zł106.50 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 566 Interactive Media companies, Render Cube ranks better than 97.88% 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:

Render Cube has a Altman Z2-Score of 30.25, 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 Render Cube's Altman Z2-Score or its related term are showing as below:

WAR:RND' s Altman Z2-Score Range Over the Past 10 Years
Min: 5.89   Med: 61.28   Max: 128.15
Current: 30.25

During the past 7 years, Render Cube's highest Altman Z2-Score was 128.15. The lowest was 5.89. And the median was 61.28.


Render Cube  (WAR:RND) 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.


Render Cube Altman Z2-Score Related Terms


Render Cube Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Render Cube'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.

Render Cube Altman Z2-Score Chart

Render Cube Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial 19.39 105.99 109.59 30.12 33.81

Render Cube 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 28.58 5.89 27.19 33.81 30.25

WAR:RND vs NTES, EA, TTWO: Altman Z2-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Render Cube'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.


Render Cube Altman Z2-Score vs Interactive Media Industry

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

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


WAR:RND
91GF Score
Render Cube SA WAR:RND
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Render Cube 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.

Render Cube'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*0.7374+3.26*0.2568+6.72*0.2302+1.05*21.9293
=30.25

* 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 zł37.31 Mil.
Total Current Assets was zł28.52 Mil.
Total Current Liabilities was zł1.01 Mil.
Retained Earnings was zł9.58 Mil.
Pre-Tax Income was 2.102 + 3.056 + 2.218 + 1.113 = zł8.49 Mil.
Interest Expense was 0 + -0.046 + -0.051 + 0 = zł-0.10 Mil.
Total Liabilities was zł1.63 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
=(28.517 - 1.008)/37.306
=0.7374

X2=Retained Earnings/Total Assets
=9.58/37.306
=0.2568

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(8.489 - -0.097)/37.306
=0.2302

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(35.679 - 0)/1.627
=21.9293

The zones of discrimination were as such:

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

Render Cube has a Altman Z2-Score of 30.25 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 30.25 mean?
Render Cube (WAR:RND) has a Altman Z2-Score of 30.25 as of Jul. 14, 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 Render Cube and its competitors. This is 51% below median its historical median of 61.28. Over the past decade, Render Cube's Altman Z2-Score has ranged from 5.89 to 128.15. According to the industry distribution chart, Render Cube ranks #12 out of 566 companies in the Interactive Media industry, placing it in the top 2.1%.
Is Render Cube's Altman Z2-Score too high?
Render Cube's current Altman Z2-Score of 30.25 is 51% below median its 10-year median of 61.28. Over the past 10 years, this metric has ranged from a low of 5.89 to a high of 128.15. The Interactive Media industry median Altman Z2-Score is 4.08. Render Cube's value of 30.25 is 642.3% above this industry median. Based on the distribution chart, Render Cube ranks #12 out of 566 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Render Cube has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Render Cube's Altman Z2-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Render Cube ranks #12 out of 566 companies for Altman Z2-Score. This places Render Cube in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.08. Render Cube's value of 30.25 is 642.3% above this benchmark. Historically, Render Cube's own Altman Z2-Score has ranged from 5.89 to 128.15 over the past decade. While the company's 10-year median is 61.28 vs. the industry median of 4.08, Render Cube 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 4.08, 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. Render Cube's current Altman Z2-Score of 30.25 is 642.3% 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 Render Cube and its competitors. For the Interactive Media industry, the median Altman Z2-Score is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Render Cube's current Altman Z2-Score is 30.25, which is 51% below median its own 10-year median of 61.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Render Cube stock overvalued right now?
Based on GuruFocus' analysis, Render Cube (WAR:RND) is currently considered Modestly Undervalued. The stock's GF Value™ is zł106.50, compared to a current price of zł76.20 — trading 28.5% below its estimated fair value. The current Altman Z2-Score is 30.25, which is 51% below median its 10-year median of 61.28 and 642.3% above the Interactive Media industry median of 4.08. Render Cube's overall GF Score™ is 91/100 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 Render Cube (WAR:RND), the current Altman Z2-Score is 30.25 as of Jul. 14, 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 Render Cube (WAR:RND) Overvalued in 2026?

Based on GuruFocus' analysis, Render Cube stock appears to be undervalued. The current stock price of zł76.20 is trading 28.5% below its estimated GF Value™ of zł106.50. GuruFocus considers Render Cube to be Modestly Undervalued.

Key valuation signals for WAR:RND:

  • Altman Z2-Score: 30.25 (51% below median its 10-year median of 61.28)
  • GF Value™: zł106.50 vs. price of zł76.20 (28.5% below fair value)
  • GF Score™: 91/100 with 6 warning signs
  • Industry Position: 642.3% above the Interactive Media median (#12 of 566)

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


Render Cube Business Description

Address Piotrkowska 295 Lok. 7, Lodz, POL, 93-004
Render Cube SA is engaged in the development of video games. The company is focused on offering a game named Medieval Dynasty.
91GF Score

Get the complete analysis for WAR:RND

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

zł76.20
Price
zł106.50
GF Value