Kawan Renergy BhdXKLS:0307 +2.00%50 Altman Z2-Score is 8.12 as of Jul. 01, 2026, which is 5% below its 10-year median of 8.54. GuruFocus rates XKLS:0307 with a GF Score™ of 50/100. Among 1,761 Construction companies, Kawan Renergy Bhd ranks better than 89.72% 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:
Kawan Renergy Bhd has a Altman Z2-Score of 8.12, 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 Kawan Renergy Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:0307'
s Altman Z2-Score Range Over the Past 10 Years
Min: 4.24 Med: 8.54 Max: 11.15
Current: 8.12
During the past 6 years, Kawan Renergy Bhd's highest Altman Z2-Score was 11.15. The lowest was 4.24. And the median was 8.54.
Kawan Renergy Bhd (XKLS:0307) 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.
Kawan Renergy Bhd Altman Z2-Score Related Terms
Kawan Renergy Bhd Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Kawan Renergy 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:0307 vs PWR, FIX, EME: Altman Z2-Score Comparison
For the Engineering & Construction subindustry, Kawan Renergy 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.
Kawan Renergy Bhd Altman Z2-Score vs Construction Industry
For the Construction industry and Industrials sector, Kawan Renergy Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Kawan Renergy 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.
Kawan Renergy 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
*
0.5195
+
3.26
*
0.4227
+
6.72
*
0.1801
+
1.05
*
2.0182
=
8.12
* 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.
Kawan Renergy Bhd (XKLS:0307) has a Altman Z2-Score of 8.12 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 Kawan Renergy Bhd and its competitors. This is near median its historical median of 8.54. Over the past decade, Kawan Renergy Bhd's Altman Z2-Score has ranged from 4.24 to 11.15. According to the industry distribution chart, Kawan Renergy Bhd ranks #181 out of 1761 companies in the Construction industry, placing it in the top 10.3%.
Is Kawan Renergy Bhd's Altman Z2-Score too high?
Kawan Renergy Bhd's current Altman Z2-Score of 8.12 is near median its 10-year median of 8.54. Over the past 10 years, this metric has ranged from a low of 4.24 to a high of 11.15. The Construction industry median Altman Z2-Score is 3.19. Kawan Renergy Bhd's value of 8.12 is 154.5% above this industry median. Based on the distribution chart, Kawan Renergy Bhd ranks #181 out of 1761 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Kawan Renergy Bhd has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Kawan Renergy Bhd's Altman Z2-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Kawan Renergy Bhd ranks #181 out of 1761 companies for Altman Z2-Score. This places Kawan Renergy Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.19. Kawan Renergy Bhd's value of 8.12 is 154.5% above this benchmark. Historically, Kawan Renergy Bhd's own Altman Z2-Score has ranged from 4.24 to 11.15 over the past decade. While the company's 10-year median is 8.54 vs. the industry median of 3.19, Kawan Renergy 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 Construction company?
The median Altman Z2-Score among Construction companies is 3.19, based on 1,761 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. Kawan Renergy Bhd's current Altman Z2-Score of 8.12 is 154.5% 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 Kawan Renergy Bhd and its competitors. For the Construction industry, the median Altman Z2-Score is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kawan Renergy Bhd's current Altman Z2-Score is 8.12, which is near median its own 10-year median of 8.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kawan Renergy Bhd stock overvalued right now?
Kawan Renergy Bhd (XKLS:0307) has a current Altman Z2-Score of 8.12. The current Altman Z2-Score is 8.12, which is near median its 10-year median of 8.54 and 154.5% above the Construction industry median of 3.19. Kawan Renergy Bhd's overall GF Score™ is 50/100. 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 Kawan Renergy Bhd (XKLS:0307), the current Altman Z2-Score is 8.12 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.
Kawan Renergy Bhd operates as an engineering solutions provider with core activities spanning the design, fabrication, installation and/or commissioning of industrial process equipment and process plants, as well as renewable energy and co-generation facilities. It offers integrated end-to-end capabilities, including in-house fabrication, installation and commissioning services. These solutions support a wide range of industrial production and processing applications, such as food processing, oleochemical manufacturing, waste recovery and power generation. In addition, it is involved in power generation activities and the sale of electricity through its association. Its segments include Design, fabrication, installation and/or commissioning solutions, Precision engineering, and Others.
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