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Art Games StudioSTU:223 +1.83%57 Altman Z-Score is 1.85 as of Aug. 02, 2026, which is 89% below its 10-year median of 16.48. GuruFocus rates STU:223 with a GF Score™ of 57/100 and a GF Value™ of €0.15. The stock has 3 warning signs investors should review. Among 549 Interactive Media companies, Art Games Studio ranks worse than 59.02% 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 2.33 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.
Art Games Studio has a Altman Z-Score of 1.85, indicating it is in Grey Zones. This implies that Art Games Studio 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 Art Games Studio's Altman Z-Score or its related term are showing as below:
STU:223'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.08 Med: 16.48 Max: 1032.02
Current: 2.33
During the past 9 years, Art Games Studio's highest Altman Z-Score was 1032.02. The lowest was 0.08. And the median was 16.48.
Art Games Studio (STU:223) 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.
Art Games Studio Altman Z-Score Related Terms
Art Games Studio Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Art Games Studio'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.
STU:223 vs NTES, EA, TTWO: Altman Z-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Art Games Studio'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.
Art Games Studio Altman Z-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Art Games Studio's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Art Games Studio'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.
Art Games Studio'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
*
0.4946
+
1.4
*
-2.9022
+
3.3
*
-0.038
+
0.6
*
6.6495
+
1.0
*
1.4511
=
1.85
* 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.
Art Games Studio (STU:223) has a Altman Z-Score of 1.85 as of Aug. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Art Games Studio and its competitors. This is 89% below median its historical median of 16.48. Over the past decade, Art Games Studio's Altman Z-Score has ranged from 0.08 to 1,032.02. According to the industry distribution chart, Art Games Studio ranks #324 out of 549 companies in the Interactive Media industry, placing it in the top 59%.
Is Art Games Studio's Altman Z-Score too high?
Art Games Studio's current Altman Z-Score of 1.85 is 89% below median its 10-year median of 16.48. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1,032.02. The Interactive Media industry median Altman Z-Score is 3.03. Art Games Studio's value of 1.85 is 38.9% below this industry median. Based on the distribution chart, Art Games Studio ranks #324 out of 549 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Art Games Studio has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Art Games Studio's Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Art Games Studio ranks #324 out of 549 companies for Altman Z-Score. This places Art Games Studio in the lower half of its industry. The industry median Altman Z-Score is 3.03. Art Games Studio's value of 1.85 is 38.9% below this benchmark. Historically, Art Games Studio's own Altman Z-Score has ranged from 0.08 to 1,032.02 over the past decade. While the company's 10-year median is 16.48 vs. the industry median of 3.03, Art Games Studio 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 3.03, based on 549 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. Art Games Studio's current Altman Z-Score of 1.85 is 38.9% 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 Art Games Studio 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. Art Games Studio's current Altman Z-Score is 1.85, which is 89% below median its own 10-year median of 16.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Art Games Studio stock overvalued right now?
Art Games Studio (STU:223) has a current Altman Z-Score of 1.85. The stock's GF Value™ is €0.15, compared to a current price of €0.11 — trading 26% below its estimated fair value. The current Altman Z-Score is 1.85, which is 89% below median its 10-year median of 16.48 and 38.9% below the Interactive Media industry median of 3.03. Art Games Studio's overall GF Score™ is 57/100 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 Art Games Studio (STU:223), the current Altman Z-Score is 1.85 as of Aug. 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 Art Games Studio (STU:223) Overvalued in 2026?
Based on GuruFocus' analysis, Art Games Studio stock appears to be undervalued.
The current stock price of €0.11 is trading 26% below its estimated GF Value™ of €0.15.
Key valuation signals for STU:223:
Altman Z-Score: 1.85 (89% below median its 10-year median of 16.48)
GF Value™: €0.15 vs. price of €0.11 (26% below fair value)
Industry Position: 38.9% below the Interactive Media median (#324 of 549)
No single metric tells the full story. See the STU:223 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Art Games Studio SA is a Poland-based company that operates in the video games market, specializing in the production and distribution of desktop games. The group has developed games such as Earthworms, Bad Dream: Fever, and Escape Doodland for sale. The company has made games available for IOS, Android, and other types of consoles.
57GF Score
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