Cherrypick Games (WAR:CHP) Altman Z-Score: -0.78 (As of Jul. 01, 2026)


WAR:CHP Cherrypick Games SA WAR:CHP
46 GF Score
Price zł0.42
GF Value zł3.65
Valuation Possible Value Trap
! 5 Warning Signs
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What is Cherrypick Games Altman Z-Score?

Cherrypick Games WAR:CHP 46 Altman Z-Score is -0.78 as of Jul. 01, 2026. GuruFocus rates WAR:CHP with a GF Score™ of 46/100 and a GF Value™ of zł3.65 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 549 Interactive Media companies, Cherrypick Games ranks worse than 84.15% 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 -0.78 is in distress zone. This implies bankruptcy possibility in the next two years.

Cherrypick Games has a Altman Z-Score of -0.78, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Cherrypick Games's Altman Z-Score or its related term are showing as below:

WAR:CHP' s Altman Z-Score Range Over the Past 10 Years
Min: -28.42   Med: 4.49   Max: 25.75
Current: -0.78

During the past 9 years, Cherrypick Games's highest Altman Z-Score was 25.75. The lowest was -28.42. And the median was 4.49.


Cherrypick Games  (WAR:CHP) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Cherrypick Games Altman Z-Score Related Terms


Cherrypick Games Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Cherrypick Games'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.

Cherrypick Games Altman Z-Score Chart

Cherrypick Games Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only -2.36 4.71 4.84 -28.42 2.09

Cherrypick Games Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -24.98 -14.91 -12.29 2.09 -0.69

WAR:CHP vs NTES, EA, TTWO: Altman Z-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Cherrypick Games'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.


Cherrypick Games Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Cherrypick Games's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Cherrypick Games's Altman Z-Score falls into.


WAR:CHP
46GF Score
Cherrypick Games SA WAR:CHP
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Cherrypick Games Altman Z-Score Calculation

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.

Cherrypick Games'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*-0.433+1.4*-0.3298+3.3*-0.2037+0.6*0.3456+1.0*0.6696
=-0.78

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was zł1.91 Mil.
Total Current Assets was zł0.08 Mil.
Total Current Liabilities was zł0.91 Mil.
Retained Earnings was zł-0.63 Mil.
Pre-Tax Income was -0.064 + -0.66 + 0.069 + 0.141 = zł-0.51 Mil.
Interest Expense was -0.035 + -0.066 + -0.004 + -0.02 = zł-0.13 Mil.
Revenue was 0.194 + 0.269 + 0.31 + 0.506 = zł1.28 Mil.
Market Cap (Today) was zł0.57 Mil.
Total Liabilities was zł1.65 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(0.083 - 0.91)/1.91
=-0.433

X2=Retained Earnings/Total Assets
=-0.63/1.91
=-0.3298

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.514 - -0.125)/1.91
=-0.2037

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=0.571/1.652
=0.3456

X5=Revenue/Total Assets
=1.279/1.91
=0.6696

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Cherrypick Games has a Altman Z-Score of -0.78 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of -0.78 mean?
Cherrypick Games (WAR:CHP) has a Altman Z-Score of -0.78 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Cherrypick Games and its competitors. According to the industry distribution chart, Cherrypick Games ranks #462 out of 549 companies in the Interactive Media industry, placing it in the top 84.2%.
Is Cherrypick Games' Altman Z-Score too high?
Cherrypick Games' current Altman Z-Score is -0.78. Based on the distribution chart, Cherrypick Games ranks #462 out of 549 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Cherrypick Games has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cherrypick Games' Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Cherrypick Games ranks #462 out of 549 companies for Altman Z-Score. This places Cherrypick Games in the lower half of its industry. The industry median Altman Z-Score is 3.02. 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 3.02, 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. 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 Cherrypick Games and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cherrypick Games's current Altman Z-Score is -0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cherrypick Games stock overvalued right now?
Based on GuruFocus' analysis, Cherrypick Games (WAR:CHP) is currently considered Possible Value Trap. The stock's GF Value™ is zł3.65, compared to a current price of zł0.42 — trading 88.5% below its estimated fair value. The current Altman Z-Score is -0.78. Cherrypick Games' overall GF Score™ is 46/100 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 Cherrypick Games (WAR:CHP), the current Altman Z-Score is -0.78 as of Jul. 01, 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 Cherrypick Games (WAR:CHP) Overvalued in 2026?

Based on GuruFocus' analysis, Cherrypick Games stock appears to be undervalued. The current stock price of zł0.42 is trading 88.5% below its estimated GF Value™ of zł3.65. GuruFocus considers Cherrypick Games to be Possible Value Trap.

Key valuation signals for WAR:CHP:

  • Altman Z-Score: -0.78
  • GF Value™: zł3.65 vs. price of zł0.42 (88.5% below fair value)
  • GF Score™: 46/100 with 5 warning signs

No single metric tells the full story. See the WAR:CHP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cherrypick Games Business Description

Address ul. Zelazna 51/53, Warsaw, POL, 00-841
Cherrypick Games SA is a gaming publishing company. It develops creates and markets games for various gaming platforms. The company's games include Touchdown Hero, TDH New Season, Double Juggle, Auctioneer, Sports Hero, and Must Deliver.
46GF Score

Get the complete analysis for WAR:CHP

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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