Artifex MundiWAR:ART +7.71%97 Altman Z-Score is 10.24 as of Jun. 24, 2026, which is 5% above its 10-year median of 9.78. GuruFocus rates WAR:ART with a GF Score™ of 97/100 and a GF Value™ of zł19.63 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 550 Interactive Media companies, Artifex Mundi ranks better than 83.82% 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 9.66 is strong.
Artifex Mundi has a Altman Z-Score of 10.24, 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 Artifex Mundi's Altman Z-Score or its related term are showing as below:
WAR:ART'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.4 Med: 9.78 Max: 36.68
Current: 9.66
During the past 11 years, Artifex Mundi's highest Altman Z-Score was 36.68. The lowest was 0.40. And the median was 9.78.
Artifex Mundi (WAR:ART) 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.
Artifex Mundi Altman Z-Score Related Terms
Artifex Mundi Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Artifex Mundi'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:ART vs NTES, EA, TTWO: Altman Z-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Artifex Mundi'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.
Artifex Mundi Altman Z-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Artifex Mundi's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Artifex Mundi'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.
Artifex Mundi'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
*
0.8284
+
1.4
*
0.6817
+
3.3
*
0.1473
+
0.6
*
12.0385
+
1.0
*
0.5806
=
10.24
* 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.
Artifex Mundi (WAR:ART) has a Altman Z-Score of 10.24 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Artifex Mundi and its competitors. This is near median its historical median of 9.78. Over the past decade, Artifex Mundi's Altman Z-Score has ranged from 0.40 to 36.68. According to the industry distribution chart, Artifex Mundi ranks #89 out of 550 companies in the Interactive Media industry, placing it in the top 16.2%.
Is Artifex Mundi's Altman Z-Score too high?
Artifex Mundi's current Altman Z-Score of 10.24 is near median its 10-year median of 9.78. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 36.68. The Interactive Media industry median Altman Z-Score is 3.04. Artifex Mundi's value of 10.24 is 237.4% above this industry median. Based on the distribution chart, Artifex Mundi ranks #89 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Artifex Mundi has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Artifex Mundi's Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Artifex Mundi ranks #89 out of 550 companies for Altman Z-Score. This places Artifex Mundi in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.04. Artifex Mundi's value of 10.24 is 237.4% above this benchmark. Historically, Artifex Mundi's own Altman Z-Score has ranged from 0.40 to 36.68 over the past decade. While the company's 10-year median is 9.78 vs. the industry median of 3.04, Artifex Mundi 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 3.04, based on 550 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. Artifex Mundi's current Altman Z-Score of 10.24 is 237.4% 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 Artifex Mundi and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artifex Mundi's current Altman Z-Score is 10.24, which is near median its own 10-year median of 9.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artifex Mundi stock overvalued right now?
Based on GuruFocus' analysis, Artifex Mundi (WAR:ART) is currently considered Modestly Overvalued. The stock's GF Value™ is zł19.63, compared to a current price of zł22.35 — trading 13.9% above its estimated fair value. The current Altman Z-Score is 10.24, which is near median its 10-year median of 9.78 and 237.4% above the Interactive Media industry median of 3.04. Artifex Mundi's overall GF Score™ is 97/100 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 Artifex Mundi (WAR:ART), the current Altman Z-Score is 10.24 as of Jun. 24, 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 Artifex Mundi (WAR:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Artifex Mundi stock appears to be overvalued.
The current stock price of zł22.35 is trading 13.9% above its estimated GF Value™ of zł19.63.
GuruFocus considers Artifex Mundi to be Modestly Overvalued.
Key valuation signals for WAR:ART:
Altman Z-Score: 10.24 (near median its 10-year median of 9.78)
GF Value™: zł19.63 vs. price of zł22.35 (13.9% above fair value)
Industry Position: 237.4% above the Interactive Media median (#89 of 550)
No single metric tells the full story. See the WAR:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artifex Mundi SA is a producer, co-producer and publisher of games for platforms including Android, iOS, Windows Phone, PC, Mac, Linux, Xbox One and PlayStation 4. Its business segments include Game segment premium, which includes the production of games monetyzowanych model try-before- you-buy and publishing activities and investment in the field of games monetyzowanych model try-before- you-buy.
97GF Score
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