Trive Property Group Bhd (XKLS:0118) Altman Z2-Score: 12.60 (As of Jul. 05, 2026) — 17% Above Median


What is Trive Property Group Bhd Altman Z2-Score?

Trive Property Group Bhd XKLS:0118 Altman Z2-Score is 12.60 as of Jul. 05, 2026, which is 17% above its 10-year median of 10.81. The stock has 3 warning signs investors should review. Among 1,019 Semiconductors companies, Trive Property Group Bhd ranks better than 88.62% 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:

Trive Property Group Bhd has a Altman Z2-Score of 12.60, 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 Trive Property Group Bhd's Altman Z2-Score or its related term are showing as below:

XKLS:0118' s Altman Z2-Score Range Over the Past 10 Years
Min: -3.18   Med: 10.81   Max: 49.25
Current: 12.6

During the past 13 years, Trive Property Group Bhd's highest Altman Z2-Score was 49.25. The lowest was -3.18. And the median was 10.81.


Trive Property Group Bhd  (XKLS:0118) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Trive Property Group Bhd Altman Z2-Score Related Terms


Trive Property Group Bhd Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Trive Property Group 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.

Trive Property Group Bhd Altman Z2-Score Chart

Trive Property Group Bhd Annual Data
Trend Aug09 Aug10 Aug11 Jan17 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.20 3.42 10.67 16.47 11.00

Trive Property Group Bhd Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
Altman Z2-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 11.00 9.48 8.49 10.81 12.60

XKLS:0118 vs FSLR, NXT, ENPH: Altman Z2-Score Comparison

For the Solar subindustry, Trive Property Group 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.


Trive Property Group Bhd Altman Z2-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Trive Property Group Bhd's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Trive Property Group Bhd's Altman Z2-Score falls into.



Trive Property Group Bhd Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Trive Property Group 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*0.198+3.26*0.0374+6.72*0.017+1.05*10.5341
=12.60

* 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.

Trailing Twelve Months (TTM) ended in Jul. 2025:
Total Assets was RM126.77 Mil.
Total Current Assets was RM33.27 Mil.
Total Current Liabilities was RM8.16 Mil.
Retained Earnings was RM4.74 Mil.
Pre-Tax Income was 1.977 + 0.178 + -0.054 + 0.052 = RM2.15 Mil.
Interest Expense was 0 + 0 + 0 + -0.001 = RM-0.00 Mil.
Total Liabilities was RM10.99 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
=(33.267 - 8.162)/126.771
=0.198

X2=Retained Earnings/Total Assets
=4.742/126.771
=0.0374

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.153 - -0.001)/126.771
=0.017

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(115.78 - 0)/10.991
=10.5341

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Trive Property Group Bhd has a Altman Z2-Score of 12.60 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 12.60 mean?
Trive Property Group Bhd (XKLS:0118) has a Altman Z2-Score of 12.60 as of Jul. 05, 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 Trive Property Group Bhd and its competitors. This is 17% above median its historical median of 10.81. According to the industry distribution chart, Trive Property Group Bhd ranks #116 out of 1019 companies in the Semiconductors industry, placing it in the top 11.4%.
Is Trive Property Group Bhd's Altman Z2-Score too high?
Trive Property Group Bhd's current Altman Z2-Score of 12.60 is 17% above median its 10-year median of 10.81. The Semiconductors industry median Altman Z2-Score is 4.91. Trive Property Group Bhd's value of 12.60 is 156.6% above this industry median. Based on the distribution chart, Trive Property Group Bhd ranks #116 out of 1019 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers.
How does Trive Property Group Bhd's Altman Z2-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Trive Property Group Bhd ranks #116 out of 1019 companies for Altman Z2-Score. This places Trive Property Group Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.91. Trive Property Group Bhd's value of 12.60 is 156.6% above this benchmark. While the company's 10-year median is 10.81 vs. the industry median of 4.91, Trive Property Group 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 Semiconductors company?
The median Altman Z2-Score among Semiconductors companies is 4.91, based on 1,019 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. Trive Property Group Bhd's current Altman Z2-Score of 12.60 is 156.6% 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 Trive Property Group Bhd and its competitors. For the Semiconductors industry, the median Altman Z2-Score is 4.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trive Property Group Bhd's current Altman Z2-Score is 12.60, which is 17% above median its own 10-year median of 10.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trive Property Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Trive Property Group Bhd (XKLS:0118) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.05, compared to a current price of RM0.02 — trading 60% below its estimated fair value. The current Altman Z2-Score is 12.60, which is 17% above median its 10-year median of 10.81 and 156.6% above the Semiconductors industry median of 4.91. 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 Trive Property Group Bhd (XKLS:0118), the current Altman Z2-Score is 12.60 as of Jul. 05, 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.

Trive Property Group Bhd Business Description

Address No.8, Jalan Kerinchi, Bangsar South, Level 1, Tower 11, Avenue 5, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Trive Property Group Bhd is a investment holding company. The Group's core operantional focus is centred on Commercial Property Asset Management (Leasing), renewable energy related activities, as well as Mechanical and Electrical ("M&E") engineering services. Its product includes Solar Power includes Solar Power Storage Solution System, Solar Power Street Light, Solar Power Light System, etc. Its operating segments are Renewable energy, Mechanical & electrical (M&E), Property investment, and Others. The company generates majority of revenue from Property Investment which includes Renting of office premises.