Asseco PolandWAR:ACP -1.21%80 Altman Z-Score is 2.27 as of Jun. 29, 2026, which is 24% above its 10-year median of 1.83. GuruFocus rates WAR:ACP with a GF Score™ of 80/100 and a GF Value™ of zł93.73 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,764 Software companies, Asseco Poland ranks worse than 59.99% 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 2.27 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.
Asseco Poland has a Altman Z-Score of 2.27, indicating it is in Grey Zones. This implies that Asseco Poland 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 Asseco Poland's Altman Z-Score or its related term are showing as below:
WAR:ACP'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.5 Med: 1.83 Max: 3.79
Current: 2.27
During the past 13 years, Asseco Poland's highest Altman Z-Score was 3.79. The lowest was 1.50. And the median was 1.83.
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.
Asseco Poland Altman Z-Score Related Terms
Asseco Poland Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Asseco Poland'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.
WAR:ACP vs UBER, SHOP, CRM: Altman Z-Score Comparison
For the Software - Application subindustry, Asseco Poland'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.
Asseco Poland Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Asseco Poland's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Asseco Poland'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.
Asseco Poland'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
*
0.2393
+
1.4
*
0.1614
+
3.3
*
0.0763
+
0.6
*
1.2783
+
1.0
*
0.734
=
2.27
* 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.
Asseco Poland (WAR:ACP) has a Altman Z-Score of 2.27 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Asseco Poland and its competitors. This is 24% above median its historical median of 1.83. Over the past decade, Asseco Poland's Altman Z-Score has ranged from 1.50 to 3.79. According to the industry distribution chart, Asseco Poland ranks #1658 out of 2764 companies in the Software industry, placing it in the top 60%.
Is Asseco Poland's Altman Z-Score too high?
Asseco Poland's current Altman Z-Score of 2.27 is 24% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 3.79. The Software industry median Altman Z-Score is 3.10. Asseco Poland's value of 2.27 is 26.8% below this industry median. Based on the distribution chart, Asseco Poland ranks #1658 out of 2764 companies in the Software industry, which is below the industry midpoint. Overall, Asseco Poland has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asseco Poland's Altman Z-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Asseco Poland ranks #1658 out of 2764 companies for Altman Z-Score. This places Asseco Poland in the lower half of its industry. The industry median Altman Z-Score is 3.10. Asseco Poland's value of 2.27 is 26.8% below this benchmark. Historically, Asseco Poland's own Altman Z-Score has ranged from 1.50 to 3.79 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 3.10, Asseco Poland 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 a Software company?
The median Altman Z-Score among Software companies is 3.10, based on 2,764 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. Asseco Poland's current Altman Z-Score of 2.27 is 26.8% 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 Asseco Poland and its competitors. For the Software industry, the median Altman Z-Score is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asseco Poland's current Altman Z-Score is 2.27, which is 24% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asseco Poland stock overvalued right now?
Based on GuruFocus' analysis, Asseco Poland (WAR:ACP) is currently considered Significantly Overvalued. The stock's GF Value™ is zł93.73, compared to a current price of zł167.75 — trading 79% above its estimated fair value. The current Altman Z-Score is 2.27, which is 24% above median its 10-year median of 1.83 and 26.8% below the Software industry median of 3.10. Asseco Poland's overall GF Score™ is 80/100 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 Asseco Poland (WAR:ACP), the current Altman Z-Score is 2.27 as of Jun. 29, 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 Asseco Poland (WAR:ACP) Overvalued in 2026?
Based on GuruFocus' analysis, Asseco Poland stock appears to be overvalued.
The current stock price of zł167.75 is trading 79% above its estimated GF Value™ of zł93.73.
GuruFocus considers Asseco Poland to be Significantly Overvalued.
Key valuation signals for WAR:ACP:
Altman Z-Score: 2.27 (24% above median its 10-year median of 1.83)
GF Value™: zł93.73 vs. price of zł167.75 (79% above fair value)
Industry Position: 26.8% below the Software median (#1658 of 2764)
No single metric tells the full story. See the WAR:ACP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asseco Poland SA is a Poland-based information technology (IT) company, which is engaged in the development of software for companies from different sectors of the economy. It also provides enterprise resource planning solutions and services to micro, small, and mid-sized companies, as well as large enterprises, and business intelligence software and services. The company's operating segments include the Asseco Poland segment, the Asseco International segment, and the Formula Systems segment. It generates the majority of its revenue from the Formula Systems segment.
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