GRVY (GRAVITY Co) Altman Z-Score: 6.62 (As of Jul. 03, 2026) — Near Median


GRVY GRAVITY Co Ltd GRVY
76 GF Score
Price $65.87
GF Value $63.68
Valuation Fairly Valued
! 2 Warning Signs
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What is GRAVITY Co Altman Z-Score?

GRAVITY Co GRVY +0.60% 76 Altman Z-Score is 6.62 as of Jul. 03, 2026, which is 1% below its 10-year median of 6.68. GuruFocus rates GRVY with a GF Score™ of 76/100 and a GF Value™ of $63.68 (Fairly Valued). The stock has 2 warning signs investors should review. Among 548 Interactive Media companies, GRAVITY Co ranks better than 73.91% 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 6.62 is strong.

GRAVITY Co has a Altman Z-Score of 6.62, 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 GRAVITY Co's Altman Z-Score or its related term are showing as below:

GRVY' s Altman Z-Score Range Over the Past 10 Years
Min: -0.41   Med: 6.68   Max: 13.39
Current: 6.62

During the past 13 years, GRAVITY Co's highest Altman Z-Score was 13.39. The lowest was -0.41. And the median was 6.68.


GRAVITY Co  (NAS:GRVY) 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.


GRAVITY Co Altman Z-Score Related Terms


GRAVITY Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for GRAVITY Co'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.

GRAVITY Co Altman Z-Score Chart

GRAVITY Co 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 8.28 5.56 7.47 6.52 6.63

GRAVITY Co 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 6.63 6.13 6.69 6.63 6.41

GRVY vs DDI, SOHU, GDEV: Altman Z-Score Comparison

For the Electronic Gaming & Multimedia subindustry, GRAVITY Co'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.


GRAVITY Co Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GRAVITY Co's Altman Z-Score distribution charts can be found below:

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


GRVY
76GF Score
GRAVITY Co Ltd GRVY
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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GRAVITY Co 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.

GRAVITY Co'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*0.7774+1.4*0.7698+3.3*0.1266+0.6*5.6951+1.0*0.7724
=6.62

* 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 $531.9 Mil.
Total Current Assets was $487.9 Mil.
Total Current Liabilities was $74.4 Mil.
Retained Earnings was $409.4 Mil.
Pre-Tax Income was 25.713 + 11.312 + 19.533 + 13.707 = $70.3 Mil.
Interest Expense was -1.594 + 5.242 + 1.901 + -2.649 = $2.9 Mil.
Revenue was 108.605 + 77.422 + 99.715 + 125.114 = $410.9 Mil.
Market Cap (Today) was $457.8 Mil.
Total Liabilities was $80.4 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
=(487.874 - 74.38)/531.91
=0.7774

X2=Retained Earnings/Total Assets
=409.439/531.91
=0.7698

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(70.265 - 2.9)/531.91
=0.1266

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=457.797/80.385
=5.6951

X5=Revenue/Total Assets
=410.856/531.91
=0.7724

The zones of discrimination were as such:

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

GRAVITY Co has a Altman Z-Score of 6.62 indicating it is in Safe 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 6.62 mean?
GRAVITY Co (GRVY) has a Altman Z-Score of 6.62 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on GRAVITY Co and its competitors. This is near median its historical median of 6.68. According to the industry distribution chart, GRAVITY Co ranks #143 out of 548 companies in the Interactive Media industry, placing it in the top 26.1%.
Is GRAVITY Co's Altman Z-Score too high?
GRAVITY Co's current Altman Z-Score of 6.62 is near median its 10-year median of 6.68. The Interactive Media industry median Altman Z-Score is 3.03. GRAVITY Co's value of 6.62 is 118.5% above this industry median. Based on the distribution chart, GRAVITY Co ranks #143 out of 548 companies in the Interactive Media industry, which is above the industry midpoint. Overall, GRAVITY Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GRAVITY Co's Altman Z-Score compare to DDI and SOHU?
According to the Interactive Media industry distribution chart, GRAVITY Co ranks #143 out of 548 companies for Altman Z-Score. This puts GRAVITY Co in the upper half of its industry. The industry median Altman Z-Score is 3.03. GRAVITY Co's value of 6.62 is 118.5% above this benchmark. While the company's 10-year median is 6.68 vs. the industry median of 3.03, GRAVITY Co 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 3.03, based on 548 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. GRAVITY Co's current Altman Z-Score of 6.62 is 118.5% 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 GRAVITY Co and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GRAVITY Co's current Altman Z-Score is 6.62, which is near median its own 10-year median of 6.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GRAVITY Co stock overvalued right now?
Based on GuruFocus' analysis, GRAVITY Co (GRVY) is currently considered Fairly Valued. The stock's GF Value™ is $63.68, compared to a current price of $65.87 — trading 3.4% above its estimated fair value. The current Altman Z-Score is 6.62, which is near median its 10-year median of 6.68 and 118.5% above the Interactive Media industry median of 3.03. GRAVITY Co's overall GF Score™ is 76/100 with 2 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 GRAVITY Co (GRVY), the current Altman Z-Score is 6.62 as of Jul. 03, 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 GRAVITY Co (GRVY) Overvalued in 2026?

Based on GuruFocus' analysis, GRAVITY Co stock appears to be overvalued. The current stock price of $65.87 is trading 3.4% above its estimated GF Value™ of $63.68. GuruFocus considers GRAVITY Co to be Fairly Valued.

Key valuation signals for GRVY:

  • Altman Z-Score: 6.62 (near median its 10-year median of 6.68)
  • GF Value™: $63.68 vs. price of $65.87 (3.4% above fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 118.5% above the Interactive Media median (#143 of 548)

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


GRAVITY Co Business Description

Other Exchanges GD8A:Germany
Address 15th Floor, 396 World Cup buk-ro, Mapo-gu, Seoul, KOR, 03925
GRAVITY Co Ltd is an online and mobile games developer and publisher based in Korea. The gaming products of the company include Ragnarok Online, Requiem, Dragonica (Dragon Saga), Ragnarok Online II, Requiem Online, and R.O.S.E. Online. The company generates revenue from online games, mobile games and other sources including character based merchandise and animation. Geographically, it derives maximum revenue from Taiwan.
76GF Score

Get the complete analysis for GRVY

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

$65.87
Price
$63.68
GF Value