Revenue Group Bhd (XKLS:0200) Altman Z2-Score: 1.46 (As of Jun. 29, 2026) — 66% Below Median


What is Revenue Group Bhd Altman Z2-Score?

Revenue Group Bhd XKLS:0200 -7.14% Altman Z2-Score is 1.46 as of Jun. 29, 2026, which is 66% below its 10-year median of 4.24. The stock has 6 warning signs investors should review. Among 2,819 Software companies, Revenue Group Bhd ranks worse than 63.92% 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.

Revenue Group Bhd has a Altman Z2-Score of 1.46, indicating it is in Grey Zones. This implies that Revenue Group Bhd is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

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 Revenue Group Bhd's Altman Z2-Score or its related term are showing as below:

XKLS:0200' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.19   Med: 4.24   Max: 10.92
Current: 1.46

During the past 10 years, Revenue Group Bhd's highest Altman Z2-Score was 10.92. The lowest was 1.19. And the median was 4.24.


Revenue Group Bhd  (XKLS:0200) 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.


Revenue Group Bhd Altman Z2-Score Related Terms


Revenue Group Bhd Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Revenue 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.

Revenue Group Bhd Altman Z2-Score Chart

Revenue Group Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Sep24 Sep25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.31 8.17 3.93 1.29 1.49

Revenue Group Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.09 1.79 1.49 1.54 1.46

XKLS:0200 vs MSFT, ORCL, PLTR: Altman Z2-Score Comparison

For the Software - Infrastructure subindustry, Revenue 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.


Revenue Group Bhd Altman Z2-Score vs Software Industry

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

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



Revenue 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.

Revenue 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*0.4251+3.26*-0.5366+6.72*-0.135+1.05*1.2652
=1.46

* 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 Mar. 2026:
Total Assets was RM152.2 Mil.
Total Current Assets was RM130.8 Mil.
Total Current Liabilities was RM66.1 Mil.
Retained Earnings was RM-81.7 Mil.
Pre-Tax Income was -1.692 + -2.51 + -12.688 + -4.049 = RM-20.9 Mil.
Interest Expense was -0.009 + -0.011 + -0.11 + -0.257 = RM-0.4 Mil.
Total Liabilities was RM66.6 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
=(130.789 - 66.093)/152.206
=0.4251

X2=Retained Earnings/Total Assets
=-81.673/152.206
=-0.5366

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-20.939 - -0.387)/152.206
=-0.135

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(84.2 - 0)/66.551
=1.2652

The zones of discrimination were as such:

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

Revenue Group Bhd has a Altman Z2-Score of 1.46 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 1.46 mean?
Revenue Group Bhd (XKLS:0200) has a Altman Z2-Score of 1.46 as of Jun. 29, 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 Revenue Group Bhd and its competitors. This is 66% below median its historical median of 4.24. Over the past decade, Revenue Group Bhd's Altman Z2-Score has ranged from 1.19 to 10.92. According to the industry distribution chart, Revenue Group Bhd ranks #1802 out of 2819 companies in the Software industry, placing it in the top 63.9%.
Is Revenue Group Bhd's Altman Z2-Score too high?
Revenue Group Bhd's current Altman Z2-Score of 1.46 is 66% below median its 10-year median of 4.24. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 10.92. The Software industry median Altman Z2-Score is 3.06. Revenue Group Bhd's value of 1.46 is 52.3% below this industry median. Based on the distribution chart, Revenue Group Bhd ranks #1802 out of 2819 companies in the Software industry, which is below the industry midpoint.
How does Revenue Group Bhd's Altman Z2-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Revenue Group Bhd ranks #1802 out of 2819 companies for Altman Z2-Score. This places Revenue Group Bhd in the lower half of its industry. The industry median Altman Z2-Score is 3.06. Revenue Group Bhd's value of 1.46 is 52.3% below this benchmark. Historically, Revenue Group Bhd's own Altman Z2-Score has ranged from 1.19 to 10.92 over the past decade. While the company's 10-year median is 4.24 vs. the industry median of 3.06, Revenue Group Bhd 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 Z2-Score for a Software company?
The median Altman Z2-Score among Software companies is 3.06, based on 2,819 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. Revenue Group Bhd's current Altman Z2-Score of 1.46 is 52.3% 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 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 Revenue Group 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. Revenue Group Bhd's current Altman Z2-Score is 1.46, which is 66% below median its own 10-year median of 4.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Revenue Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Revenue Group Bhd (XKLS:0200) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.09, compared to a current price of RM0.07 — trading 27.8% below its estimated fair value. The current Altman Z2-Score is 1.46, which is 66% below median its 10-year median of 4.24 and 52.3% below the Software industry median of 3.06. 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 Revenue Group Bhd (XKLS:0200), the current Altman Z2-Score is 1.46 as of Jun. 29, 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.

Revenue Group Bhd Business Description

Address Jalan 51A/223, Lot 7, Section 52, Petaling Jaya, SGR, MYS, 46100
Revenue Group Bhd along with its subsidiaries is engaged in delivering a complete and customizable payment solution. The company provides various solutions such as EMV Smart Card Technology, Loyalty System, Web-based Payment System, Consumer Behavioural Management System, Terminal Management System and Payment Transaction Management System. It operates in three segments: EDC terminals, Electronic transaction processing, Solutions and services, Digital payment services and others. The Digital payment services segment that derives majority revenue engages in provision of digital payment solutions and services such as mobile top up, phone bill payment, utilities bill payment, game credits, entertainment and ticketing services.