Goodbye Kansas Group ABFRA:3MB -0.78%35 Altman Z-Score is 2.52 as of Jun. 27, 2026, which is 833% above its 10-year median of 0.27. GuruFocus rates FRA:3MB with a GF Score™ of 35/100 and a GF Value™ of €0.06. The stock has 5 warning signs investors should review. Among 1,020 Media - Diversified companies, Goodbye Kansas Group AB ranks better than 59.71% 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 2.54 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Goodbye Kansas Group AB has a Altman Z-Score of 2.52, indicating it is in Grey Zones. This implies that Goodbye Kansas Group AB is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Goodbye Kansas Group AB's Altman Z-Score or its related term are showing as below:
FRA:3MB'
s Altman Z-Score Range Over the Past 10 Years
Min: -15.65 Med: 0.27 Max: 37.83
Current: 2.54
During the past 10 years, Goodbye Kansas Group AB's highest Altman Z-Score was 37.83. The lowest was -15.65. And the median was 0.27.
Goodbye Kansas Group AB (FRA:3MB) 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.
* 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.
FRA:3MB vs NFLX, DIS, WBD: Altman Z-Score Comparison
For the Entertainment subindustry, Goodbye Kansas Group AB'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.
Goodbye Kansas Group AB Altman Z-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Goodbye Kansas Group AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Goodbye Kansas Group AB's Altman Z-Score falls into.
Goodbye Kansas Group AB 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.
* 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.
Goodbye Kansas Group AB (FRA:3MB) has a Altman Z-Score of 2.52 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Goodbye Kansas Group AB and its competitors. This is 833% above median its historical median of 0.27. According to the industry distribution chart, Goodbye Kansas Group AB ranks #411 out of 1020 companies in the Media - Diversified industry, placing it in the top 40.3%.
Is Goodbye Kansas Group AB's Altman Z-Score too high?
Goodbye Kansas Group AB's current Altman Z-Score of 2.52 is 833% above median its 10-year median of 0.27. The Media - Diversified industry median Altman Z-Score is 1.98. Goodbye Kansas Group AB's value of 2.52 is 27.6% above this industry median. Based on the distribution chart, Goodbye Kansas Group AB ranks #411 out of 1020 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Goodbye Kansas Group AB has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Goodbye Kansas Group AB's Altman Z-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Goodbye Kansas Group AB ranks #411 out of 1020 companies for Altman Z-Score. This puts Goodbye Kansas Group AB in the upper half of its industry. The industry median Altman Z-Score is 1.98. Goodbye Kansas Group AB's value of 2.52 is 27.6% above this benchmark. While the company's 10-year median is 0.27 vs. the industry median of 1.98, Goodbye Kansas Group AB 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 a Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.98, based on 1,020 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. Goodbye Kansas Group AB's current Altman Z-Score of 2.52 is 27.6% 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 Goodbye Kansas Group AB and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goodbye Kansas Group AB's current Altman Z-Score is 2.52, which is 833% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goodbye Kansas Group AB stock overvalued right now?
Goodbye Kansas Group AB (FRA:3MB) has a current Altman Z-Score of 2.52. The stock's GF Value™ is €0.06, compared to a current price of €0.10 — trading 69% above its estimated fair value. The current Altman Z-Score is 2.52, which is 833% above median its 10-year median of 0.27 and 27.6% above the Media - Diversified industry median of 1.98. Goodbye Kansas Group AB's overall GF Score™ is 35/100 with 5 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 Goodbye Kansas Group AB (FRA:3MB), the current Altman Z-Score is 2.52 as of Jun. 27, 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 Goodbye Kansas Group AB (FRA:3MB) Overvalued in 2026?
Based on GuruFocus' analysis, Goodbye Kansas Group AB stock appears to be overvalued.
The current stock price of €0.10 is trading 69% above its estimated GF Value™ of €0.06.
Key valuation signals for FRA:3MB:
Altman Z-Score: 2.52 (833% above median its 10-year median of 0.27)
GF Value™: €0.06 vs. price of €0.10 (69% above fair value)
Industry Position: 27.6% above the Media - Diversified median (#411 of 1020)
No single metric tells the full story. See the FRA:3MB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goodbye Kansas Group AB specializes in visual content and technology. The company develops products and solutions based on the latest technology with a focus on Visual Effects (VFX), Animation, Game Trailers, and In-Game. The group is organized in two parts: Goodbye Kansas Studios and Other Operations. Goodbye Kansas Studios includes the studio business, which offers visual content to film, TV, and gaming. Other operations include the company Vobling, which offers virtual training through VR, and Plotagon Production, which offers an app for 3D animation.
35GF Score
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