Northeast Group BhdXKLS:0325 +1.74%21 Altman Z2-Score is 15.13 as of Jul. 03, 2026, which is 25% above its 10-year median of 12.13. GuruFocus rates XKLS:0325 with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 2,480 Hardware companies, Northeast Group Bhd ranks better than 95.69% 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:
Northeast Group Bhd has a Altman Z2-Score of 15.13, 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 Northeast Group Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:0325'
s Altman Z2-Score Range Over the Past 10 Years
Min: 6.79 Med: 12.13 Max: 15.13
Current: 15.13
During the past 5 years, Northeast Group Bhd's highest Altman Z2-Score was 15.13. The lowest was 6.79. And the median was 12.13.
Northeast Group Bhd (XKLS:0325) 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.
Northeast Group Bhd Altman Z2-Score Related Terms
Northeast Group Bhd Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Northeast 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.
For the Electronic Components subindustry, Northeast 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.
Northeast Group Bhd Altman Z2-Score vs Hardware Industry
For the Hardware industry and Technology sector, Northeast Group Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Northeast Group 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.
Northeast 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
*
0.5846
+
3.26
*
0.6168
+
6.72
*
0.132
+
1.05
*
7.9968
=
15.13
* 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.
Northeast Group Bhd (XKLS:0325) has a Altman Z2-Score of 15.13 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 Northeast Group Bhd and its competitors. This is 25% above median its historical median of 12.13. Over the past decade, Northeast Group Bhd's Altman Z2-Score has ranged from 6.79 to 15.13. According to the industry distribution chart, Northeast Group Bhd ranks #107 out of 2480 companies in the Hardware industry, placing it in the top 4.3%.
Is Northeast Group Bhd's Altman Z2-Score too high?
Northeast Group Bhd's current Altman Z2-Score of 15.13 is 25% above median its 10-year median of 12.13. Over the past 10 years, this metric has ranged from a low of 6.79 to a high of 15.13. The Hardware industry median Altman Z2-Score is 4.09. Northeast Group Bhd's value of 15.13 is 269.9% above this industry median. Based on the distribution chart, Northeast Group Bhd ranks #107 out of 2480 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Northeast Group Bhd has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Northeast Group Bhd's Altman Z2-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Northeast Group Bhd ranks #107 out of 2480 companies for Altman Z2-Score. This places Northeast Group Bhd in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.09. Northeast Group Bhd's value of 15.13 is 269.9% above this benchmark. Historically, Northeast Group Bhd's own Altman Z2-Score has ranged from 6.79 to 15.13 over the past decade. While the company's 10-year median is 12.13 vs. the industry median of 4.09, Northeast 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 Hardware company?
The median Altman Z2-Score among Hardware companies is 4.09, based on 2,480 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. Northeast Group Bhd's current Altman Z2-Score of 15.13 is 269.9% 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 Northeast Group Bhd and its competitors. For the Hardware industry, the median Altman Z2-Score is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northeast Group Bhd's current Altman Z2-Score is 15.13, which is 25% above median its own 10-year median of 12.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northeast Group Bhd stock overvalued right now?
Northeast Group Bhd (XKLS:0325) has a current Altman Z2-Score of 15.13. The current Altman Z2-Score is 15.13, which is 25% above median its 10-year median of 12.13 and 269.9% above the Hardware industry median of 4.09. Northeast Group Bhd's overall GF Score™ is 21/100 with 4 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 Northeast Group Bhd (XKLS:0325), the current Altman Z2-Score is 15.13 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.
Northeast Group Bhd is an investment holding company. The company, along with its subsidiaries, is principally engaged in the manufacturing of precision engineering components. It also provides related services including Surface Finishing, Sheet Metal Fabrication and Mechanical Sub-Assembly. The company serves various industries, including photonics, electrical and electronics (E&E), semiconductor, telecommunication, and optoelectronics. The majority of the company's revenue is derived from Malaysia, and the rest from North America, Europe, Other Asian countries, Oceania and South America.
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