TT Vision Holdings Bhd (XKLS:0272) Altman Z2-Score: 4.29 (As of Jul. 03, 2026) — 37% Below Median


XKLS:0272 TT Vision Holdings Bhd XKLS:0272
51 GF Score
Price RM0.28
GF Value RM0.29
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is TT Vision Holdings Bhd Altman Z2-Score?

TT Vision Holdings Bhd XKLS:0272 -1.75% 51 Altman Z2-Score is 4.29 as of Jul. 03, 2026, which is 37% below its 10-year median of 6.83. GuruFocus rates XKLS:0272 with a GF Score™ of 51/100 and a GF Value™ of RM0.29 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,019 Semiconductors companies, TT Vision Holdings Bhd ranks worse than 54.86% 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:

TT Vision Holdings Bhd has a Altman Z2-Score of 4.29, 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 TT Vision Holdings Bhd's Altman Z2-Score or its related term are showing as below:

XKLS:0272' s Altman Z2-Score Range Over the Past 10 Years
Min: 3.76   Med: 6.83   Max: 9.92
Current: 4.29

During the past 10 years, TT Vision Holdings Bhd's highest Altman Z2-Score was 9.92. The lowest was 3.76. And the median was 6.83.


TT Vision Holdings Bhd  (XKLS:0272) 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.


TT Vision Holdings Bhd Altman Z2-Score Related Terms


TT Vision Holdings Bhd Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for TT Vision Holdings 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.

TT Vision Holdings Bhd Altman Z2-Score Chart

TT Vision Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.27 7.12 8.22 9.42 4.35

TT Vision Holdings Bhd Quarterly Data
Dec20 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 9.36 9.03 8.58 4.35 4.29

XKLS:0272 vs AMAT, LRCX, KLAC: Altman Z2-Score Comparison

For the Semiconductor Equipment & Materials subindustry, TT Vision Holdings 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.


TT Vision Holdings Bhd Altman Z2-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, TT Vision Holdings Bhd's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where TT Vision Holdings Bhd's Altman Z2-Score falls into.


XKLS:0272
51GF Score
TT Vision Holdings Bhd XKLS:0272
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TT Vision Holdings 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.

TT Vision Holdings 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*0.3243+3.26*0.208+6.72*-0.139+1.05*2.3038
=4.29

* 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 RM149.24 Mil.
Total Current Assets was RM54.86 Mil.
Total Current Liabilities was RM6.46 Mil.
Retained Earnings was RM31.05 Mil.
Pre-Tax Income was -3.314 + -11.191 + -4.791 + -2.162 = RM-21.46 Mil.
Interest Expense was -0.328 + -0.171 + -0.117 + -0.094 = RM-0.71 Mil.
Total Liabilities was RM45.17 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
=(54.856 - 6.459)/149.238
=0.3243

X2=Retained Earnings/Total Assets
=31.045/149.238
=0.208

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-21.458 - -0.71)/149.238
=-0.139

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(104.067 - 0)/45.171
=2.3038

The zones of discrimination were as such:

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

TT Vision Holdings Bhd has a Altman Z2-Score of 4.29 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.29 mean?
TT Vision Holdings Bhd (XKLS:0272) has a Altman Z2-Score of 4.29 as of Jul. 03, 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 TT Vision Holdings Bhd and its competitors. This is 37% below median its historical median of 6.83. Over the past decade, TT Vision Holdings Bhd's Altman Z2-Score has ranged from 3.76 to 9.92. According to the industry distribution chart, TT Vision Holdings Bhd ranks #559 out of 1019 companies in the Semiconductors industry, placing it in the top 54.9%.
Is TT Vision Holdings Bhd's Altman Z2-Score too high?
TT Vision Holdings Bhd's current Altman Z2-Score of 4.29 is 37% below median its 10-year median of 6.83. Over the past 10 years, this metric has ranged from a low of 3.76 to a high of 9.92. The Semiconductors industry median Altman Z2-Score is 4.88. TT Vision Holdings Bhd's value of 4.29 is 12.1% below this industry median. Based on the distribution chart, TT Vision Holdings Bhd ranks #559 out of 1019 companies in the Semiconductors industry, which is below the industry midpoint. Overall, TT Vision Holdings Bhd has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TT Vision Holdings Bhd's Altman Z2-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, TT Vision Holdings Bhd ranks #559 out of 1019 companies for Altman Z2-Score. This places TT Vision Holdings Bhd in the lower half of its industry. The industry median Altman Z2-Score is 4.88. TT Vision Holdings Bhd's value of 4.29 is 12.1% below this benchmark. Historically, TT Vision Holdings Bhd's own Altman Z2-Score has ranged from 3.76 to 9.92 over the past decade. While the company's 10-year median is 6.83 vs. the industry median of 4.88, TT Vision Holdings 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 Semiconductors company?
The median Altman Z2-Score among Semiconductors companies is 4.88, 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. TT Vision Holdings Bhd's current Altman Z2-Score of 4.29 is 12.1% 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 TT Vision Holdings Bhd and its competitors. For the Semiconductors industry, the median Altman Z2-Score is 4.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TT Vision Holdings Bhd's current Altman Z2-Score is 4.29, which is 37% below median its own 10-year median of 6.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TT Vision Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, TT Vision Holdings Bhd (XKLS:0272) is currently considered Fairly Valued. The stock's GF Value™ is RM0.29, compared to a current price of RM0.28 — trading 3.4% below its estimated fair value. The current Altman Z2-Score is 4.29, which is 37% below median its 10-year median of 6.83 and 12.1% below the Semiconductors industry median of 4.88. TT Vision Holdings Bhd's overall GF Score™ is 51/100 with 7 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 TT Vision Holdings Bhd (XKLS:0272), the current Altman Z2-Score is 4.29 as of Jul. 03, 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 TT Vision Holdings Bhd (XKLS:0272) Overvalued in 2026?

Based on GuruFocus' analysis, TT Vision Holdings Bhd stock appears to be undervalued. The current stock price of RM0.28 is trading 3.4% below its estimated GF Value™ of RM0.29. GuruFocus considers TT Vision Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:0272:

  • Altman Z2-Score: 4.29 (37% below median its 10-year median of 6.83)
  • GF Value™: RM0.29 vs. price of RM0.28 (3.4% below fair value)
  • GF Score™: 51/100 with 7 warning signs
  • Industry Position: 12.1% below the Semiconductors median (#559 of 1019)

No single metric tells the full story. See the XKLS:0272 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TT Vision Holdings Bhd Business Description

Address Plot 106, Hilir Sungai Keluang 5, Phase 4, Bayan Lepas Industrial Zone, Bayan Lepas, George Town, PNG, MYS, 11900
TT Vision Holdings Bhd is a technology-driven company specializing in the development of automated machine vision solutions. It is a manufacturer of machine vision equipment used for the inspection of optoelectronics (mainly LEDs), solar cells, discrete components, and ICs (chips) as well as vision-guided robotics. The machine vision equipment also incorporates additional functions such as reject handling, testing, and sorting depending on the customer's requirement. The company's business activities typically entail equipment design, software development, manufacture, assembly, and installation of equipment or modules. Geographically, the company generates a majority of its revenue from Malaysia followed by Vietnam, Taiwan, China, Japan, Germany, United States, Portugal, and Others.
51GF Score

Get the complete analysis for XKLS:0272

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.28
Price
RM0.29
GF Value