Archosaur Games (HKSE:09990) Altman Z-Score: 0.61 (As of Aug. 28, 2026) — 74% Below Median

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HKSE:09990 Archosaur Games Inc HKSE:09990
73 GF Score
Price HK$1.90
GF Value HK$2.05
Valuation Fairly Valued
! 4 Warning Signs
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What is Archosaur Games Altman Z-Score?

Archosaur Games HKSE:09990 -0.52% 73 Altman Z-Score is 0.61 as of Aug. 28, 2026, which is 74% below its 10-year median of 2.34. GuruFocus rates HKSE:09990 with a GF Score™ of 73/100 and a GF Value™ of HK$2.05 (Fairly Valued). The stock has 4 warning signs investors should review. Among 543 Interactive Media companies, Archosaur Games ranks worse than 77.16% 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 0.62 is in distress zone. This implies bankruptcy possibility in the next two years.

Archosaur Games has a Altman Z-Score of 0.61, 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 Archosaur Games's Altman Z-Score or its related term are showing as below:

HKSE:09990' s Altman Z-Score Range Over the Past 10 Years
Min: 0.17   Med: 2.34   Max: 18.65
Current: 0.62

During the past 9 years, Archosaur Games's highest Altman Z-Score was 18.65. The lowest was 0.17. And the median was 2.34.


Archosaur Games  (HKSE:09990) 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.


Archosaur Games Altman Z-Score Related Terms


Archosaur Games Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Archosaur Games'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.

Archosaur Games Altman Z-Score Chart

Archosaur Games Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 9.03 3.36 1.31 0.17 0.41

Archosaur Games Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 0.00 0.17 0.00 0.41 0.00

HKSE:09990 vs NTES, EA, TTWO: Altman Z-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Archosaur Games'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.


Archosaur Games Altman Z-Score vs Interactive Media Industry

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

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


HKSE:09990
73GF Score
Archosaur Games Inc HKSE:09990
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Archosaur Games 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.

Archosaur Games'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*0.5539+1.4*-1.2462+3.3*-0.0169+0.6*2.0963+1.0*0.4891
=0.61

* 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 Dec. 2025:
Total Assets was HK$2,946 Mil.
Total Current Assets was HK$2,237 Mil.
Total Current Liabilities was HK$605 Mil.
Retained Earnings was HK$-3,672 Mil.
Pre-Tax Income was HK$-52 Mil.
Interest Expense was HK$-3 Mil.
Revenue was HK$1,441 Mil.
Market Cap (Today) was HK$1,517 Mil.
Total Liabilities was HK$723 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
=(2236.748 - 604.677)/2946.369
=0.5539

X2=Retained Earnings/Total Assets
=-3671.846/2946.369
=-1.2462

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-52.488 - -2.834)/2946.369
=-0.0169

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1516.683/723.489
=2.0963

X5=Revenue/Total Assets
=1441.018/2946.369
=0.4891

The zones of discrimination were as such:

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

Archosaur Games has a Altman Z-Score of 0.61 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 0.61 mean?
Archosaur Games (HKSE:09990) has a Altman Z-Score of 0.61 as of Aug. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Archosaur Games and its competitors. This is 74% below median its historical median of 2.34. Over the past decade, Archosaur Games' Altman Z-Score has ranged from 0.17 to 18.65. According to the industry distribution chart, Archosaur Games ranks #419 out of 543 companies in the Interactive Media industry, placing it in the top 77.2%.
Is Archosaur Games' Altman Z-Score too high?
Archosaur Games' current Altman Z-Score of 0.61 is 74% below median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 18.65. The Interactive Media industry median Altman Z-Score is 3.16. Archosaur Games' value of 0.61 is 80.7% below this industry median. Based on the distribution chart, Archosaur Games ranks #419 out of 543 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Archosaur Games has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Archosaur Games' Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Archosaur Games ranks #419 out of 543 companies for Altman Z-Score. This places Archosaur Games in the lower half of its industry. The industry median Altman Z-Score is 3.16. Archosaur Games' value of 0.61 is 80.7% below this benchmark. Historically, Archosaur Games' own Altman Z-Score has ranged from 0.17 to 18.65 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 3.16, Archosaur Games 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 an Interactive Media company?
The median Altman Z-Score among Interactive Media companies is 3.16, based on 543 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. Archosaur Games's current Altman Z-Score of 0.61 is 80.7% 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 Archosaur Games and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Archosaur Games's current Altman Z-Score is 0.61, which is 74% below median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Archosaur Games stock overvalued right now?
Based on GuruFocus' analysis, Archosaur Games (HKSE:09990) is currently considered Fairly Valued. The stock's GF Value™ is HK$2.05, compared to a current price of HK$1.90 — trading 7.6% below its estimated fair value. The current Altman Z-Score is 0.61, which is 74% below median its 10-year median of 2.34 and 80.7% below the Interactive Media industry median of 3.16. Archosaur Games' overall GF Score™ is 73/100 with 4 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 Archosaur Games (HKSE:09990), the current Altman Z-Score is 0.61 as of Aug. 28, 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 Archosaur Games (HKSE:09990) Overvalued in 2026?

Based on GuruFocus' analysis, Archosaur Games stock appears to be undervalued. The current stock price of HK$1.90 is trading 7.6% below its estimated GF Value™ of HK$2.05. GuruFocus considers Archosaur Games to be Fairly Valued.

Key valuation signals for HKSE:09990:

  • Altman Z-Score: 0.61 (74% below median its 10-year median of 2.34)
  • GF Value™: HK$2.05 vs. price of HK$1.90 (7.6% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 80.7% below the Interactive Media median (#419 of 543)

No single metric tells the full story. See the HKSE:09990 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Archosaur Games Business Description

Address No.11 HePingLi East Street, 4th Floor, No. 8 Hangxing Science Park, Dongcheng District, Beijing, CHN, 100013
Archosaur Games Inc is an investment holding company. The Group is principally engaged in the development and operating of mobile games in the PRC and other countries and regions. The Group operates in the mobile game industry, focusing on developing high-quality mobile MMORPGs, female-oriented games, strategy card games, idle RPGs, SLGs and other genres, including Life Makeover (Simulation), Under the Firmament (SLG), Dragon Raja (MMORPG), World of Kings (MMORPG), The Castle in the Sky (MMORPG) and Naval Creed (Others). The Group generates maximum revenue from the Chinese mainland.
73GF Score

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

HK$1.90
Price
HK$2.05
GF Value