PixelFox ABNGM:PIXEL -1.85%57 Altman Z-Score is 21.33 as of Jun. 27, 2026, which is 320% above its 10-year median of 5.08. GuruFocus rates NGM:PIXEL with a GF Score™ of 57/100 and a GF Value™ of kr1.26 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,117 Retail - Cyclical companies, PixelFox AB ranks better than 97.14% 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 22.33 is strong.
PixelFox AB has a Altman Z-Score of 21.33, 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 PixelFox AB's Altman Z-Score or its related term are showing as below:
NGM:PIXEL'
s Altman Z-Score Range Over the Past 10 Years
Min: -2.08 Med: 5.08 Max: 27.79
Current: 22.33
During the past 6 years, PixelFox AB's highest Altman Z-Score was 27.79. The lowest was -2.08. And the median was 5.08.
PixelFox AB (NGM:PIXEL) 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.
PixelFox AB Altman Z-Score Related Terms
PixelFox AB Altman Z-Score Historical Data
* Premium members only.
The historical data trend for PixelFox AB'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.
NGM:PIXEL vs CASY, WSM, ULTA: Altman Z-Score Comparison
For the Specialty Retail subindustry, PixelFox 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.
PixelFox AB Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PixelFox AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PixelFox AB'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.
PixelFox AB'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
*
0.2242
+
1.4
*
0
+
3.3
*
0.5119
+
0.6
*
25.369
+
1.0
*
4.1478
=
21.33
* 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.
PixelFox AB (NGM:PIXEL) has a Altman Z-Score of 21.33 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PixelFox AB and its competitors. This is 320% above median its historical median of 5.08. According to the industry distribution chart, PixelFox AB ranks #32 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 2.9%.
Is PixelFox AB's Altman Z-Score too high?
PixelFox AB's current Altman Z-Score of 21.33 is 320% above median its 10-year median of 5.08. The Retail - Cyclical industry median Altman Z-Score is 2.73. PixelFox AB's value of 21.33 is 681.3% above this industry median. Based on the distribution chart, PixelFox AB ranks #32 out of 1117 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PixelFox AB has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PixelFox AB's Altman Z-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, PixelFox AB ranks #32 out of 1117 companies for Altman Z-Score. This places PixelFox AB in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.73. PixelFox AB's value of 21.33 is 681.3% above this benchmark. While the company's 10-year median is 5.08 vs. the industry median of 2.73, PixelFox 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.73, based on 1,117 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. PixelFox AB's current Altman Z-Score of 21.33 is 681.3% 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 PixelFox AB and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PixelFox AB's current Altman Z-Score is 21.33, which is 320% above median its own 10-year median of 5.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PixelFox AB stock overvalued right now?
Based on GuruFocus' analysis, PixelFox AB (NGM:PIXEL) is currently considered Significantly Overvalued. The stock's GF Value™ is kr1.26, compared to a current price of kr2.12 — trading 68.3% above its estimated fair value. The current Altman Z-Score is 21.33, which is 320% above median its 10-year median of 5.08 and 681.3% above the Retail - Cyclical industry median of 2.73. PixelFox AB's overall GF Score™ is 57/100 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 PixelFox AB (NGM:PIXEL), the current Altman Z-Score is 21.33 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 PixelFox AB (NGM:PIXEL) Overvalued in 2026?
Based on GuruFocus' analysis, PixelFox AB stock appears to be overvalued.
The current stock price of kr2.12 is trading 68.3% above its estimated GF Value™ of kr1.26.
GuruFocus considers PixelFox AB to be Significantly Overvalued.
Key valuation signals for NGM:PIXEL:
Altman Z-Score: 21.33 (320% above median its 10-year median of 5.08)
GF Value™: kr1.26 vs. price of kr2.12 (68.3% above fair value)
Industry Position: 681.3% above the Retail - Cyclical median (#32 of 1117)
No single metric tells the full story. See the NGM:PIXEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PixelFox AB Formerly Partytajm International AB is engaged in the sale of party items. The company offers products used for Children's Parties, Weddings, Cake Decorations, and Theme parties among others.
57GF Score
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