Polyslash (WAR:PSH) Altman Z-Score: 3.15 (As of Jun. 30, 2026)


WAR:PSH Polyslash SA WAR:PSH
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What is Polyslash Altman Z-Score?

Polyslash WAR:PSH 4 Altman Z-Score is 3.15 as of Jun. 30, 2026. GuruFocus rates WAR:PSH with a GF Score™ of 4/100.

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.

Polyslash has a Altman Z-Score of 3.15, 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 Polyslash's Altman Z-Score or its related term are showing as below:


Polyslash  (WAR:PSH) 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.


Polyslash Altman Z-Score Related Terms


Polyslash Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Polyslash'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.

Polyslash Altman Z-Score Chart

Polyslash Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22
Altman Z-Score
0.00 0.00 157.99 31.55 5.46

Polyslash Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 7.96 5.46 4.65 7.21 12.66

WAR:PSH vs ATVI, NTES, EA: Altman Z-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Polyslash'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.


Polyslash Altman Z-Score vs Interactive Media Industry

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

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


WAR:PSH
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Polyslash SA WAR:PSH
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Polyslash 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.

Polyslash'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*0.9491+1.4*-0.2043+3.3*-0.146+0.6*4.4487+1.0*0.1112
=3.15

* 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 Sep. 2023:
Total Assets was zł4.05 Mil.
Total Current Assets was zł4.05 Mil.
Total Current Liabilities was zł0.20 Mil.
Retained Earnings was zł-0.83 Mil.
Pre-Tax Income was 0.022 + -0.038 + 0.035 + -0.637 = zł-0.62 Mil.
Interest Expense was 0 + 0.003 + -0.016 + -0.014 = zł-0.03 Mil.
Revenue was 0.067 + 0.042 + 0.162 + 0.179 = zł0.45 Mil.
Market Cap (Today) was zł3.25 Mil.
Total Liabilities was zł0.73 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
=(4.046 - 0.204)/4.048
=0.9491

X2=Retained Earnings/Total Assets
=-0.827/4.048
=-0.2043

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.618 - -0.027)/4.048
=-0.146

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3.252/0.731
=4.4487

X5=Revenue/Total Assets
=0.45/4.048
=0.1112

The zones of discrimination were as such:

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

Polyslash has a Altman Z-Score of 3.15 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 3.15 mean?
Polyslash (WAR:PSH) has a Altman Z-Score of 3.15 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Polyslash and its competitors.
Is Polyslash's Altman Z-Score too high?
Polyslash's current Altman Z-Score is 3.15. The Interactive Media industry median Altman Z-Score is 3.00. Polyslash's value of 3.15 is 5.2% above this industry median. Overall, Polyslash has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Polyslash's Altman Z-Score compare to ATVI and NTES?
Polyslash's Altman Z-Score of 3.15 can be compared against companies in the Interactive Media industry. The industry median Altman Z-Score is 3.00. Polyslash's value of 3.15 is 5.2% above this benchmark. 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 3.00, 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. Polyslash's current Altman Z-Score of 3.15 is 5.2% 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 Polyslash and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polyslash's current Altman Z-Score is 3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polyslash stock overvalued right now?
Polyslash (WAR:PSH) has a current Altman Z-Score of 3.15. The current Altman Z-Score is 3.15 and 5.2% above the Interactive Media industry median of 3.00. Polyslash's overall GF Score™ is 4/100. 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 Polyslash (WAR:PSH), the current Altman Z-Score is 3.15 as of Jun. 30, 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.

Polyslash Business Description

Address ul. Podole 60/3.25, Krakow, POL, 30-394
Polyslash SA is engaged in the business of creating and publishing games in Poland. The gaming portfolio includes We The Revolution, Mech Mechanic Simulator, and Primitive Builder Simulator.
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