Skyline Investment (WAR:SKL) Altman Z-Score: 1.56 (As of Jul. 26, 2026) — 24% Above Median

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WAR:SKL Skyline Investment SA WAR:SKL
42 GF Score
Price zł1.40
! 5 Warning Signs
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What is Skyline Investment Altman Z-Score?

Skyline Investment WAR:SKL 42 Altman Z-Score is 1.56 as of Jul. 26, 2026, which is 24% above its 10-year median of 1.26. GuruFocus rates WAR:SKL with a GF Score™ of 42/100. The stock has 5 warning signs investors should review. Among 663 Capital Markets companies, Skyline Investment ranks worse than 63.05% 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 1.56 is in distress zone. This implies bankruptcy possibility in the next two years.

Skyline Investment has a Altman Z-Score of 1.56, 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 Skyline Investment's Altman Z-Score or its related term are showing as below:

WAR:SKL' s Altman Z-Score Range Over the Past 10 Years
Min: -0.27   Med: 1.26   Max: 4.02
Current: 1.56

During the past 13 years, Skyline Investment's highest Altman Z-Score was 4.02. The lowest was -0.27. And the median was 1.26.


Skyline Investment  (WAR:SKL) 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.


Skyline Investment Altman Z-Score Related Terms


Skyline Investment Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Skyline Investment'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.

Skyline Investment Altman Z-Score Chart

Skyline Investment 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 2.04 1.24 3.06 1.93 1.57

Skyline Investment 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 2.21 1.89 1.78 1.57 1.58

WAR:SKL vs MS, GS, SCHW: Altman Z-Score Comparison

For the Capital Markets subindustry, Skyline Investment'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.


Skyline Investment Altman Z-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Skyline Investment's Altman Z-Score distribution charts can be found below:

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


WAR:SKL
42GF Score
Skyline Investment SA WAR:SKL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Skyline Investment 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.

Skyline Investment'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*-0.0351+1.4*0.2298+3.3*-0.016+0.6*2.2292+1.0*0.0002
=1.56

* 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 zł76.05 Mil.
Total Current Assets was zł0.32 Mil.
Total Current Liabilities was zł2.99 Mil.
Retained Earnings was zł17.48 Mil.
Pre-Tax Income was -0.247 + -0.351 + -0.335 + -0.339 = zł-1.27 Mil.
Interest Expense was -0.023 + 0 + -0.016 + -0.02 = zł-0.06 Mil.
Revenue was 0.004 + 0.009 + 0.003 + 0.003 = zł0.02 Mil.
Market Cap (Today) was zł32.65 Mil.
Total Liabilities was zł14.65 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
=(0.317 - 2.989)/76.046
=-0.0351

X2=Retained Earnings/Total Assets
=17.477/76.046
=0.2298

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.272 - -0.059)/76.046
=-0.016

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=32.647/14.645
=2.2292

X5=Revenue/Total Assets
=0.019/76.046
=0.0002

The zones of discrimination were as such:

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

Skyline Investment has a Altman Z-Score of 1.56 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 1.56 mean?
Skyline Investment (WAR:SKL) has a Altman Z-Score of 1.56 as of Jul. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Skyline Investment and its competitors. This is 24% above median its historical median of 1.26. According to the industry distribution chart, Skyline Investment ranks #418 out of 663 companies in the Capital Markets industry, placing it in the top 63%.
Is Skyline Investment's Altman Z-Score too high?
Skyline Investment's current Altman Z-Score of 1.56 is 24% above median its 10-year median of 1.26. The Capital Markets industry median Altman Z-Score is 2.61. Skyline Investment's value of 1.56 is 40.2% below this industry median. Based on the distribution chart, Skyline Investment ranks #418 out of 663 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Skyline Investment has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Skyline Investment's Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Skyline Investment ranks #418 out of 663 companies for Altman Z-Score. This places Skyline Investment in the lower half of its industry. The industry median Altman Z-Score is 2.61. Skyline Investment's value of 1.56 is 40.2% below this benchmark. While the company's 10-year median is 1.26 vs. the industry median of 2.61, Skyline Investment 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 a Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.61, based on 663 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. Skyline Investment's current Altman Z-Score of 1.56 is 40.2% 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 Skyline Investment and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skyline Investment's current Altman Z-Score is 1.56, which is 24% above median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skyline Investment stock overvalued right now?
Skyline Investment (WAR:SKL) has a current Altman Z-Score of 1.56. The current Altman Z-Score is 1.56, which is 24% above median its 10-year median of 1.26 and 40.2% below the Capital Markets industry median of 2.61. Skyline Investment's overall GF Score™ is 42/100 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 Skyline Investment (WAR:SKL), the current Altman Z-Score is 1.56 as of Jul. 26, 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.

Skyline Investment Business Description

Address Relaksowa 45, Warszawa, POL, 02-796
Skyline Investment SA provides financial consulting and management and investment activities. It offers financial advisory services related to the public offering of securities, merger and acquisition transactions, issue of debt instruments, an issue on the non-public market, fund management and temporary management.
42GF Score

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