Qiiwi Games ABOSTO:QIIWI +5.88%55 Altman Z-Score is 9.87 as of Jul. 02, 2026, which is 57% below its 10-year median of 22.98. GuruFocus rates OSTO:QIIWI with a GF Score™ of 55/100 and a GF Value™ of kr1.83 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 548 Interactive Media companies, Qiiwi Games AB ranks better than 82.48% 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 9.16 is strong.
Qiiwi Games AB has a Altman Z-Score of 9.87, 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 Qiiwi Games AB's Altman Z-Score or its related term are showing as below:
OSTO:QIIWI'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.24 Med: 22.98 Max: 87.17
Current: 9.16
During the past 12 years, Qiiwi Games AB's highest Altman Z-Score was 87.17. The lowest was 3.24. And the median was 22.98.
Qiiwi Games AB (OSTO:QIIWI) 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.
Qiiwi Games AB Altman Z-Score Related Terms
Qiiwi Games AB Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Qiiwi Games 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.
OSTO:QIIWI vs NTES, EA, TTWO: Altman Z-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Qiiwi Games 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.
Qiiwi Games AB Altman Z-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Qiiwi Games AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Qiiwi Games 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.
Qiiwi Games 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
*
0.8492
+
1.4
*
0
+
3.3
*
-0.3627
+
0.6
*
15.3803
+
1.0
*
0.8175
=
9.87
* 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.
Qiiwi Games AB (OSTO:QIIWI) has a Altman Z-Score of 9.87 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Qiiwi Games AB and its competitors. This is 57% below median its historical median of 22.98. Over the past decade, Qiiwi Games AB's Altman Z-Score has ranged from 3.24 to 87.17. According to the industry distribution chart, Qiiwi Games AB ranks #96 out of 548 companies in the Interactive Media industry, placing it in the top 17.5%.
Is Qiiwi Games AB's Altman Z-Score too high?
Qiiwi Games AB's current Altman Z-Score of 9.87 is 57% below median its 10-year median of 22.98. Over the past 10 years, this metric has ranged from a low of 3.24 to a high of 87.17. The Interactive Media industry median Altman Z-Score is 3.03. Qiiwi Games AB's value of 9.87 is 225.7% above this industry median. Based on the distribution chart, Qiiwi Games AB ranks #96 out of 548 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Qiiwi Games AB has a GF Score™ of 55/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qiiwi Games AB's Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Qiiwi Games AB ranks #96 out of 548 companies for Altman Z-Score. This places Qiiwi Games AB in the top 18% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.03. Qiiwi Games AB's value of 9.87 is 225.7% above this benchmark. Historically, Qiiwi Games AB's own Altman Z-Score has ranged from 3.24 to 87.17 over the past decade. While the company's 10-year median is 22.98 vs. the industry median of 3.03, Qiiwi Games 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 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. Qiiwi Games AB's current Altman Z-Score of 9.87 is 225.7% 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 Qiiwi Games AB 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. Qiiwi Games AB's current Altman Z-Score is 9.87, which is 57% below median its own 10-year median of 22.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qiiwi Games AB stock overvalued right now?
Based on GuruFocus' analysis, Qiiwi Games AB (OSTO:QIIWI) is currently considered Modestly Overvalued. The stock's GF Value™ is kr1.83, compared to a current price of kr2.16 — trading 18% above its estimated fair value. The current Altman Z-Score is 9.87, which is 57% below median its 10-year median of 22.98 and 225.7% above the Interactive Media industry median of 3.03. Qiiwi Games AB's overall GF Score™ is 55/100 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 Qiiwi Games AB (OSTO:QIIWI), the current Altman Z-Score is 9.87 as of Jul. 02, 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 Qiiwi Games AB (OSTO:QIIWI) Overvalued in 2026?
Based on GuruFocus' analysis, Qiiwi Games AB stock appears to be overvalued.
The current stock price of kr2.16 is trading 18% above its estimated GF Value™ of kr1.83.
GuruFocus considers Qiiwi Games AB to be Modestly Overvalued.
Key valuation signals for OSTO:QIIWI:
Altman Z-Score: 9.87 (57% below median its 10-year median of 22.98)
GF Value™: kr1.83 vs. price of kr2.16 (18% above fair value)
Industry Position: 225.7% above the Interactive Media median (#96 of 548)
No single metric tells the full story. See the OSTO:QIIWI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qiiwi Games AB is a Swedish multi-platform social games developer. It focuses primarily on skill games, Qiiwi's games are available for both mobile (iOS/Android) and desktop play. Some of the games developed by the company are - Hell's Kitchen, Wordington, Backpacker, and Others.
55GF Score
Get the complete analysis for OSTO:QIIWI
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSTO:QIIWI has been successfully added to your 
