Ballys Intralot (ATH:BYLOT) Altman Z-Score: 0.82 (As of Jun. 24, 2026) — 33% Below Median


ATH:BYLOT Ballys Intralot SA ATH:BYLOT
50 GF Score
Price €1.21
GF Value €0.89
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Ballys Intralot Altman Z-Score?

Ballys Intralot ATH:BYLOT -0.49% 50 Altman Z-Score is 0.82 as of Jun. 24, 2026, which is 33% below its 10-year median of 1.22. GuruFocus rates ATH:BYLOT with a GF Score™ of 50/100 and a GF Value™ of €0.89 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 840 Travel & Leisure companies, Ballys Intralot ranks worse than 74.52% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 0.83 is in distress zone. This implies bankruptcy possibility in the next two years.

Ballys Intralot has a Altman Z-Score of 0.82, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

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

ATH:BYLOT' s Altman Z-Score Range Over the Past 10 Years
Min: -0.67   Med: 1.22   Max: 1.77
Current: 0.83

During the past 13 years, Ballys Intralot's highest Altman Z-Score was 1.77. The lowest was -0.67. And the median was 1.22.


Ballys Intralot  (ATH:BYLOT) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Ballys Intralot Altman Z-Score Related Terms


Ballys Intralot Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ballys Intralot's Altman Z-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.

Ballys Intralot Altman Z-Score Chart

Ballys Intralot Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.21 0.87 1.04 1.27 0.66

Ballys Intralot Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 1.37 1.55 1.18 0.66 0.67

ATH:BYLOT vs FLUT, DKNG, LNWO: Altman Z-Score Comparison

For the Gambling subindustry, Ballys Intralot's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Ballys Intralot Altman Z-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ballys Intralot's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Ballys Intralot's Altman Z-Score falls into.


ATH:BYLOT
50GF Score
Ballys Intralot SA ATH:BYLOT
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ballys Intralot Altman Z-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.

Ballys Intralot's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0292+1.4*-0.0807+3.3*0.0253+0.6*1.0362+1.0*0.1969
=0.82

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was €3,543.7 Mil.
Total Current Assets was €453.7 Mil.
Total Current Liabilities was €350.2 Mil.
Retained Earnings was €-286.1 Mil.
Pre-Tax Income was 16.827 + -49.742 + -1.021 + 6.179 = €-27.8 Mil.
Interest Expense was -35.746 + -66.094 + -7.601 + -7.821 = €-117.3 Mil.
Revenue was 268.084 + 275.533 + 74.461 + 79.586 = €697.7 Mil.
Market Cap (Today) was €2,232.7 Mil.
Total Liabilities was €2,154.7 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
=(453.727 - 350.17)/3543.68
=0.0292

X2=Retained Earnings/Total Assets
=-286.078/3543.68
=-0.0807

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-27.757 - -117.262)/3543.68
=0.0253

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2232.739/2154.741
=1.0362

X5=Revenue/Total Assets
=697.664/3543.68
=0.1969

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Ballys Intralot has a Altman Z-Score of 0.82 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 0.82 mean?
Ballys Intralot (ATH:BYLOT) has a Altman Z-Score of 0.82 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ballys Intralot and its competitors. This is 33% below median its historical median of 1.22. According to the industry distribution chart, Ballys Intralot ranks #626 out of 840 companies in the Travel & Leisure industry, placing it in the top 74.5%.
Is Ballys Intralot's Altman Z-Score too high?
Ballys Intralot's current Altman Z-Score of 0.82 is 33% below median its 10-year median of 1.22. The Travel & Leisure industry median Altman Z-Score is 1.99. Ballys Intralot's value of 0.82 is 58.8% below this industry median. Based on the distribution chart, Ballys Intralot ranks #626 out of 840 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Ballys Intralot has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ballys Intralot's Altman Z-Score compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Ballys Intralot ranks #626 out of 840 companies for Altman Z-Score. This places Ballys Intralot in the lower half of its industry. The industry median Altman Z-Score is 1.99. Ballys Intralot's value of 0.82 is 58.8% below this benchmark. While the company's 10-year median is 1.22 vs. the industry median of 1.99, Ballys Intralot has consistently been below 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 Z-Score for a Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.99, based on 840 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ballys Intralot's current Altman Z-Score of 0.82 is 58.8% below 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ballys Intralot and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballys Intralot's current Altman Z-Score is 0.82, which is 33% below median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballys Intralot stock overvalued right now?
Based on GuruFocus' analysis, Ballys Intralot (ATH:BYLOT) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.89, compared to a current price of €1.21 — trading 35.8% above its estimated fair value. The current Altman Z-Score is 0.82, which is 33% below median its 10-year median of 1.22 and 58.8% below the Travel & Leisure industry median of 1.99. Ballys Intralot's overall GF Score™ is 50/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Ballys Intralot (ATH:BYLOT), the current Altman Z-Score is 0.82 as of Jun. 24, 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 Ballys Intralot (ATH:BYLOT) Overvalued in 2026?

Based on GuruFocus' analysis, Ballys Intralot stock appears to be overvalued. The current stock price of €1.21 is trading 35.8% above its estimated GF Value™ of €0.89. GuruFocus considers Ballys Intralot to be Significantly Overvalued.

Key valuation signals for ATH:BYLOT:

  • Altman Z-Score: 0.82 (33% below median its 10-year median of 1.22)
  • GF Value™: €0.89 vs. price of €1.21 (35.8% above fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 58.8% below the Travel & Leisure median (#626 of 840)

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


Ballys Intralot Business Description

Other Exchanges IRLTF:USA0KA1:UK9IL:Germany
Address 19 km, Markopoulou Avenue, Attica, Peania, GRC, 19002
Ballys Intralot SA is an iGaming operator and a world-wide provider of lottery solutions. The company enables operators to modernize their retail and digital offerings, deliver personalized and responsible player experiences, and operate with greater agility and efficiency in an increasingly converging gaming ecosystem. Its products and services include: B2C operations, Gambling Solutions, Betting Solutions, Lottery Solution, and Digital Transformation. The Group operates through two core segments, B2B and B2C. Its geographic region includes the European Union, the United Kingdom, America, and other countries.
50GF Score

Get the complete analysis for ATH:BYLOT

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

€1.21
Price
€0.89
GF Value