The Farm 51 Group (WAR:F51) Altman Z-Score: 0.86 (As of Jul. 03, 2026) — 96% Below Median


WAR:F51 The Farm 51 Group WAR:F51
52 GF Score
Price zł2.00
GF Value zł2.88
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is The Farm 51 Group Altman Z-Score?

The Farm 51 Group WAR:F51 52 Altman Z-Score is 0.86 as of Jul. 03, 2026, which is 96% below its 10-year median of 22.74. GuruFocus rates WAR:F51 with a GF Score™ of 52/100 and a GF Value™ of zł2.88 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 548 Interactive Media companies, The Farm 51 Group ranks worse than 75% 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 0.86 is in distress zone. This implies bankruptcy possibility in the next two years.

The Farm 51 Group has a Altman Z-Score of 0.86, 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 The Farm 51 Group's Altman Z-Score or its related term are showing as below:

WAR:F51' s Altman Z-Score Range Over the Past 10 Years
Min: 0.86   Med: 22.74   Max: 261.16
Current: 0.86

During the past 13 years, The Farm 51 Group's highest Altman Z-Score was 261.16. The lowest was 0.86. And the median was 22.74.


The Farm 51 Group  (WAR:F51) 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.


The Farm 51 Group Altman Z-Score Related Terms


The Farm 51 Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for The Farm 51 Group'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.

The Farm 51 Group Altman Z-Score Chart

The Farm 51 Group 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 78.46 91.48 43.22 6.55 2.01

The Farm 51 Group 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 4.12 2.85 3.66 2.01 1.34

WAR:F51 vs NTES, EA, TTWO: Altman Z-Score Comparison

For the Electronic Gaming & Multimedia subindustry, The Farm 51 Group'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.


The Farm 51 Group Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, The Farm 51 Group's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where The Farm 51 Group's Altman Z-Score falls into.


WAR:F51
52GF Score
The Farm 51 Group WAR:F51
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Farm 51 Group 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.

The Farm 51 Group'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*0.4876+1.4*-0.2567+3.3*-0.0285+0.6*1.0745+1.0*0.0825
=0.86

* 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 zł34.39 Mil.
Total Current Assets was zł29.63 Mil.
Total Current Liabilities was zł12.87 Mil.
Retained Earnings was zł-8.83 Mil.
Pre-Tax Income was -0.035 + -1.732 + -0.397 + 0.146 = zł-2.02 Mil.
Interest Expense was -0.041 + -0.923 + -0.037 + -0.038 = zł-1.04 Mil.
Revenue was 0.752 + 0.895 + 0.718 + 0.473 = zł2.84 Mil.
Market Cap (Today) was zł13.85 Mil.
Total Liabilities was zł12.89 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
=(29.634 - 12.866)/34.388
=0.4876

X2=Retained Earnings/Total Assets
=-8.828/34.388
=-0.2567

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-2.018 - -1.039)/34.388
=-0.0285

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=13.847/12.887
=1.0745

X5=Revenue/Total Assets
=2.838/34.388
=0.0825

The zones of discrimination were as such:

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

The Farm 51 Group has a Altman Z-Score of 0.86 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 0.86 mean?
The Farm 51 Group (WAR:F51) has a Altman Z-Score of 0.86 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on The Farm 51 Group and its competitors. This is 96% below median its historical median of 22.74. Over the past decade, The Farm 51 Group's Altman Z-Score has ranged from 0.86 to 261.16. According to the industry distribution chart, The Farm 51 Group ranks #411 out of 548 companies in the Interactive Media industry, placing it in the top 75%.
Is The Farm 51 Group's Altman Z-Score too high?
The Farm 51 Group's current Altman Z-Score of 0.86 is 96% below median its 10-year median of 22.74. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 261.16. The Interactive Media industry median Altman Z-Score is 3.03. The Farm 51 Group's value of 0.86 is 71.6% below this industry median. Based on the distribution chart, The Farm 51 Group ranks #411 out of 548 companies in the Interactive Media industry, which is below the industry midpoint. Overall, The Farm 51 Group has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The Farm 51 Group's Altman Z-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, The Farm 51 Group ranks #411 out of 548 companies for Altman Z-Score. This places The Farm 51 Group in the lower half of its industry. The industry median Altman Z-Score is 3.03. The Farm 51 Group's value of 0.86 is 71.6% below this benchmark. Historically, The Farm 51 Group's own Altman Z-Score has ranged from 0.86 to 261.16 over the past decade. While the company's 10-year median is 22.74 vs. the industry median of 3.03, The Farm 51 Group 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 548 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. The Farm 51 Group's current Altman Z-Score of 0.86 is 71.6% 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 The Farm 51 Group 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. The Farm 51 Group's current Altman Z-Score is 0.86, which is 96% below median its own 10-year median of 22.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Farm 51 Group stock overvalued right now?
Based on GuruFocus' analysis, The Farm 51 Group (WAR:F51) is currently considered Possible Value Trap. The stock's GF Value™ is zł2.88, compared to a current price of zł2.00 — trading 30.6% below its estimated fair value. The current Altman Z-Score is 0.86, which is 96% below median its 10-year median of 22.74 and 71.6% below the Interactive Media industry median of 3.03. The Farm 51 Group's overall GF Score™ is 52/100 with 7 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 The Farm 51 Group (WAR:F51), the current Altman Z-Score is 0.86 as of Jul. 03, 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 The Farm 51 Group (WAR:F51) Overvalued in 2026?

Based on GuruFocus' analysis, The Farm 51 Group stock appears to be undervalued. The current stock price of zł2.00 is trading 30.6% below its estimated GF Value™ of zł2.88. GuruFocus considers The Farm 51 Group to be Possible Value Trap.

Key valuation signals for WAR:F51:

  • Altman Z-Score: 0.86 (96% below median its 10-year median of 22.74)
  • GF Value™: zł2.88 vs. price of zł2.00 (30.6% below fair value)
  • GF Score™: 52/100 with 7 warning signs
  • Industry Position: 71.6% below the Interactive Media median (#411 of 548)

No single metric tells the full story. See the WAR:F51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Farm 51 Group Business Description

Address Bohaterow Getta Warszawskiego 15 Street, Gliwice, POL, 44-102
The Farm 51 Group develops video games for personal computers, desktop consoles and mobile devices. The company also creates games, modern VR applications and participate in many innovative educational and commercial projects.
52GF Score

Get the complete analysis for WAR:F51

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

zł2.00
Price
zł2.88
GF Value