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CD Projekt RedCHIX:CDRW 68 Altman Z-Score is 69.00 as of Aug. 12, 2026, which is 34% above its 10-year median of 51.43. GuruFocus rates CHIX:CDRW with a GF Score™ of 68/100 and a GF Value™ of zł154.95. The stock has 3 warning signs investors should review. Among 544 Interactive Media companies, CD Projekt Red ranks better than 98.53% 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.
Good Sign:
Altman Z-score of 67.86 is strong.
CD Projekt Red has a Altman Z-Score of 69.00, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 CD Projekt Red's Altman Z-Score or its related term are showing as below:
CHIX:CDRw'
s Altman Z-Score Range Over the Past 10 Years
Min: 17.45 Med: 51.43 Max: 162.54
Current: 67.86
During the past 13 years, CD Projekt Red's highest Altman Z-Score was 162.54. The lowest was 17.45. And the median was 51.43.
CD Projekt Red (CHIX:CDRw) 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.
Altman Z-Score does not apply to financial companies.
CD Projekt Red Altman Z-Score Related Terms
CD Projekt Red Altman Z-Score Historical Data
* Premium members only.
The historical data trend for CD Projekt Red'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.
CHIX:CDRW vs NTES, EA, TTWO: Altman Z-Score Comparison
For the Electronic Gaming & Multimedia subindustry, CD Projekt Red'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.
CD Projekt Red Altman Z-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, CD Projekt Red's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where CD Projekt Red's Altman Z-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.
CD Projekt Red'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
*
0.2692
+
1.4
*
0.185
+
3.3
*
0.1481
+
0.6
*
112.8201
+
1.0
*
0.241
=
69.00
* 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.
CD Projekt Red (CHIX:CDRW) has a Altman Z-Score of 69.00 as of Aug. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CD Projekt Red and its competitors. This is 34% above median its historical median of 51.43. Over the past decade, CD Projekt Red's Altman Z-Score has ranged from 17.45 to 162.54. According to the industry distribution chart, CD Projekt Red ranks #8 out of 544 companies in the Interactive Media industry, placing it in the top 1.5%.
Is CD Projekt Red's Altman Z-Score too high?
CD Projekt Red's current Altman Z-Score of 69.00 is 34% above median its 10-year median of 51.43. Over the past 10 years, this metric has ranged from a low of 17.45 to a high of 162.54. The Interactive Media industry median Altman Z-Score is 3.18. CD Projekt Red's value of 69.00 is 2073.2% above this industry median. Based on the distribution chart, CD Projekt Red ranks #8 out of 544 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, CD Projekt Red has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does CD Projekt Red's Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, CD Projekt Red ranks #8 out of 544 companies for Altman Z-Score. This places CD Projekt Red in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.18. CD Projekt Red's value of 69.00 is 2073.2% above this benchmark. Historically, CD Projekt Red's own Altman Z-Score has ranged from 17.45 to 162.54 over the past decade. While the company's 10-year median is 51.43 vs. the industry median of 3.18, CD Projekt Red 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 Z-Score for an Interactive Media company?
The median Altman Z-Score among Interactive Media companies is 3.18, based on 544 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. CD Projekt Red's current Altman Z-Score of 69.00 is 2073.2% 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 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 CD Projekt Red and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CD Projekt Red's current Altman Z-Score is 69.00, which is 34% above median its own 10-year median of 51.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CD Projekt Red stock overvalued right now?
CD Projekt Red (CHIX:CDRW) has a current Altman Z-Score of 69.00. The stock's GF Value™ is zł154.95, compared to a current price of zł275.00 — trading 77.5% above its estimated fair value. The current Altman Z-Score is 69.00, which is 34% above median its 10-year median of 51.43 and 2073.2% above the Interactive Media industry median of 3.18. CD Projekt Red's overall GF Score™ is 68/100 with 3 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 CD Projekt Red (CHIX:CDRW), the current Altman Z-Score is 69.00 as of Aug. 12, 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 CD Projekt Red (CHIX:CDRW) Overvalued in 2026?
Based on GuruFocus' analysis, CD Projekt Red stock appears to be overvalued.
The current stock price of zł275.00 is trading 77.5% above its estimated GF Value™ of zł154.95.
Key valuation signals for CHIX:CDRW:
Altman Z-Score: 69.00 (34% above median its 10-year median of 51.43)
GF Value™: zł154.95 vs. price of zł275.00 (77.5% above fair value)
Industry Position: 2073.2% above the Interactive Media median (#8 of 544)
No single metric tells the full story. See the CHIX:CDRW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CD Projekt SA is the holding company of the CD Projekt capital group. The firm, with its subsidiary, develops and publishes video games for hardware platforms such as Steam, PlayStation Store, Xbox Games Store, Nintendo, App Store, Humble Bundle, Origin, and its own proprietary GOG.com platform. It is also involved in international digital video game distribution. The firm has CD Projekt Red and GOG.com segments. It derives the majority of its revenues from the CD Projekt Red segment.
68GF Score
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