Excel Force MSC BhdXKLS:0065 54 Altman Z2-Score is 9.41 as of Jul. 01, 2026, which is 24% below its 10-year median of 12.39. GuruFocus rates XKLS:0065 with a GF Score™ of 54/100 and a GF Value™ of RM0.26 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,818 Software companies, Excel Force MSC Bhd ranks better than 86.87% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
Excel Force MSC Bhd has a Altman Z2-Score of 9.41, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Excel Force MSC Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:0065'
s Altman Z2-Score Range Over the Past 10 Years
Min: 7.79 Med: 12.39 Max: 30.89
Current: 9.41
During the past 13 years, Excel Force MSC Bhd's highest Altman Z2-Score was 30.89. The lowest was 7.79. And the median was 12.39.
Excel Force MSC Bhd (XKLS:0065) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
Altman Z2-Score does not apply to financial companies.
Excel Force MSC Bhd Altman Z2-Score Related Terms
Excel Force MSC Bhd Altman Z2-Score Historical Data
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The historical data trend for Excel Force MSC Bhd's Altman Z2-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.
XKLS:0065 vs UBER, SHOP, CRM: Altman Z2-Score Comparison
For the Software - Application subindustry, Excel Force MSC Bhd's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Excel Force MSC Bhd Altman Z2-Score vs Software Industry
For the Software industry and Technology sector, Excel Force MSC Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Excel Force MSC Bhd's Altman Z2-Score falls into.
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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
Excel Force MSC Bhd's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.4767
+
3.26
*
0.1971
+
6.72
*
0.0372
+
1.05
*
5.1332
=
9.41
* 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 Z2-Score when X4_2 value is 0.
Excel Force MSC Bhd (XKLS:0065) has a Altman Z2-Score of 9.41 as of Jul. 01, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Excel Force MSC Bhd and its competitors. This is 24% below median its historical median of 12.39. Over the past decade, Excel Force MSC Bhd's Altman Z2-Score has ranged from 7.79 to 30.89. According to the industry distribution chart, Excel Force MSC Bhd ranks #370 out of 2818 companies in the Software industry, placing it in the top 13.1%.
Is Excel Force MSC Bhd's Altman Z2-Score too high?
Excel Force MSC Bhd's current Altman Z2-Score of 9.41 is 24% below median its 10-year median of 12.39. Over the past 10 years, this metric has ranged from a low of 7.79 to a high of 30.89. The Software industry median Altman Z2-Score is 3.06. Excel Force MSC Bhd's value of 9.41 is 207.5% above this industry median. Based on the distribution chart, Excel Force MSC Bhd ranks #370 out of 2818 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Excel Force MSC Bhd has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Excel Force MSC Bhd's Altman Z2-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Excel Force MSC Bhd ranks #370 out of 2818 companies for Altman Z2-Score. This places Excel Force MSC Bhd in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.06. Excel Force MSC Bhd's value of 9.41 is 207.5% above this benchmark. Historically, Excel Force MSC Bhd's own Altman Z2-Score has ranged from 7.79 to 30.89 over the past decade. While the company's 10-year median is 12.39 vs. the industry median of 3.06, Excel Force MSC Bhd 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 Z2-Score for a Software company?
The median Altman Z2-Score among Software companies is 3.06, based on 2,818 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Excel Force MSC Bhd's current Altman Z2-Score of 9.41 is 207.5% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Excel Force MSC Bhd and its competitors. For the Software industry, the median Altman Z2-Score is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excel Force MSC Bhd's current Altman Z2-Score is 9.41, which is 24% below median its own 10-year median of 12.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excel Force MSC Bhd stock overvalued right now?
Based on GuruFocus' analysis, Excel Force MSC Bhd (XKLS:0065) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.26, compared to a current price of RM0.16 — trading 40.4% below its estimated fair value. The current Altman Z2-Score is 9.41, which is 24% below median its 10-year median of 12.39 and 207.5% above the Software industry median of 3.06. Excel Force MSC Bhd's overall GF Score™ is 54/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Excel Force MSC Bhd (XKLS:0065), the current Altman Z2-Score is 9.41 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 Excel Force MSC Bhd (XKLS:0065) Overvalued in 2026?
Based on GuruFocus' analysis, Excel Force MSC Bhd stock appears to be undervalued.
The current stock price of RM0.16 is trading 40.4% below its estimated GF Value™ of RM0.26.
GuruFocus considers Excel Force MSC Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0065:
Altman Z2-Score: 9.41 (24% below median its 10-year median of 12.39)
GF Value™: RM0.26 vs. price of RM0.16 (40.4% below fair value)
Industry Position: 207.5% above the Software median (#370 of 2818)
No single metric tells the full story. See the XKLS:0065 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Excel Force MSC Bhd is an information technology solution provider involved in the design, development, deployment, and maintenance of application and system solutions for the financial services industry, stockbroking, and investment banks. The company operates through three segments, Application Solutions, Maintenance Services, and Application Services Provider. The majority of the revenue is generated from the Application services provider division which generates revenue from outsourcing services charge which is volume and transaction based. Its products include CyberBroker Front Office, CyberBroker Middle Office, CyberBroker Back Office, StockBanking System, and Fundamental Analysis System. The company operates in Malaysia, Singapore, and other countries.
54GF Score
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