ECC Games (WAR:ECC) Altman Z-Score: 27.44 (As of Jun. 27, 2026) — 135% Above Median


WAR:ECC ECC Games SA WAR:ECC
49 GF Score
Price zł0.19
GF Value zł0.15
Valuation Modestly Overvalued
! 5 Warning Signs
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What is ECC Games Altman Z-Score?

ECC Games WAR:ECC +1.61% 49 Altman Z-Score is 27.44 as of Jun. 27, 2026, which is 135% above its 10-year median of 11.66. GuruFocus rates WAR:ECC with a GF Score™ of 49/100 and a GF Value™ of zł0.15 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 550 Interactive Media companies, ECC Games ranks better than 95.64% 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 27.01 is strong.

ECC Games has a Altman Z-Score of 27.44, 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 ECC Games's Altman Z-Score or its related term are showing as below:

WAR:ECC' s Altman Z-Score Range Over the Past 10 Years
Min: 1.24   Med: 11.66   Max: 133.8
Current: 27.01

During the past 10 years, ECC Games's highest Altman Z-Score was 133.80. The lowest was 1.24. And the median was 11.66.


ECC Games  (WAR:ECC) 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.


ECC Games Altman Z-Score Related Terms


ECC Games Altman Z-Score Historical Data

* Premium members only.

The historical data trend for ECC 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.

ECC Games Altman Z-Score Chart

ECC Games Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.03 2.12 9.06 25.42 22.34

ECC 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 17.10 15.08 9.41 22.34 28.92

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

For the Electronic Gaming & Multimedia subindustry, ECC 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.


ECC Games Altman Z-Score vs Interactive Media Industry

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

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


WAR:ECC
49GF Score
ECC Games SA WAR:ECC
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ECC 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.

ECC 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*0.9804+1.4*-0.1466+3.3*-0.1162+0.6*44.5392+1.0*0.1304
=27.44

* 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 zł5.36 Mil.
Total Current Assets was zł5.36 Mil.
Total Current Liabilities was zł0.10 Mil.
Retained Earnings was zł-0.79 Mil.
Pre-Tax Income was 0.012 + -0.668 + -0.014 + 0.043 = zł-0.63 Mil.
Interest Expense was 0 + -0.003 + -0.001 + 0 = zł-0.00 Mil.
Revenue was 0.143 + 0.141 + 0.226 + 0.189 = zł0.70 Mil.
Market Cap (Today) was zł4.54 Mil.
Total Liabilities was zł0.10 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
=(5.359 - 0.102)/5.362
=0.9804

X2=Retained Earnings/Total Assets
=-0.786/5.362
=-0.1466

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.627 - -0.004)/5.362
=-0.1162

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4.543/0.102
=44.5392

X5=Revenue/Total Assets
=0.699/5.362
=0.1304

The zones of discrimination were as such:

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

ECC Games has a Altman Z-Score of 27.44 indicating it is in Safe 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 27.44 mean?
ECC Games (WAR:ECC) has a Altman Z-Score of 27.44 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ECC Games and its competitors. This is 135% above median its historical median of 11.66. Over the past decade, ECC Games' Altman Z-Score has ranged from 1.24 to 133.80. According to the industry distribution chart, ECC Games ranks #24 out of 550 companies in the Interactive Media industry, placing it in the top 4.4%.
Is ECC Games' Altman Z-Score too high?
ECC Games' current Altman Z-Score of 27.44 is 135% above median its 10-year median of 11.66. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 133.80. The Interactive Media industry median Altman Z-Score is 3.07. ECC Games' value of 27.44 is 795.3% above this industry median. Based on the distribution chart, ECC Games ranks #24 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, ECC Games has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ECC Games' Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, ECC Games ranks #24 out of 550 companies for Altman Z-Score. This places ECC Games in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.07. ECC Games' value of 27.44 is 795.3% above this benchmark. Historically, ECC Games' own Altman Z-Score has ranged from 1.24 to 133.80 over the past decade. While the company's 10-year median is 11.66 vs. the industry median of 3.07, ECC Games 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 3.07, 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. ECC Games's current Altman Z-Score of 27.44 is 795.3% 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 ECC Games and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ECC Games's current Altman Z-Score is 27.44, which is 135% above median its own 10-year median of 11.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ECC Games stock overvalued right now?
Based on GuruFocus' analysis, ECC Games (WAR:ECC) is currently considered Modestly Overvalued. The stock's GF Value™ is zł0.15, compared to a current price of zł0.19 — trading 26% above its estimated fair value. The current Altman Z-Score is 27.44, which is 135% above median its 10-year median of 11.66 and 795.3% above the Interactive Media industry median of 3.07. ECC Games' overall GF Score™ is 49/100 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 ECC Games (WAR:ECC), the current Altman Z-Score is 27.44 as of Jun. 27, 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 ECC Games (WAR:ECC) Overvalued in 2026?

Based on GuruFocus' analysis, ECC Games stock appears to be overvalued. The current stock price of zł0.19 is trading 26% above its estimated GF Value™ of zł0.15. GuruFocus considers ECC Games to be Modestly Overvalued.

Key valuation signals for WAR:ECC:

  • Altman Z-Score: 27.44 (135% above median its 10-year median of 11.66)
  • GF Value™: zł0.15 vs. price of zł0.19 (26% above fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 795.3% above the Interactive Media median (#24 of 550)

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


ECC Games Business Description

Other Exchanges 2UG:Germany
Address ul. Hanki Czaki 2/7, Warsaw, POL, 01-588
ECC Games SA is engaged in the production of games in Poland. It offers games for both mobile and landline platforms in the Premium and Free-to-Play formula.
49GF Score

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

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