Colform Group BhdXKLS:0341 21 Altman Z2-Score is 14.35 as of Jul. 03, 2026, which is 8% above its 10-year median of 13.31. GuruFocus rates XKLS:0341 with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 629 Steel companies, Colform Group Bhd ranks better than 93.48% 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:
Colform Group Bhd has a Altman Z2-Score of 14.35, 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 Colform Group Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:0341'
s Altman Z2-Score Range Over the Past 10 Years
Min: 10.07 Med: 13.31 Max: 16.65
Current: 14.35
During the past 5 years, Colform Group Bhd's highest Altman Z2-Score was 16.65. The lowest was 10.07. And the median was 13.31.
Colform Group Bhd (XKLS:0341) 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.
Colform Group Bhd Altman Z2-Score Related Terms
Colform Group Bhd Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Colform 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.
XKLS:0341 vs NUE, STLD, RS: Altman Z2-Score Comparison
For the Steel subindustry, Colform 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.
Colform Group Bhd Altman Z2-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Colform Group Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Colform 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.
Colform 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
*
0.6912
+
3.26
*
0.6142
+
6.72
*
0.1808
+
1.05
*
6.2868
=
14.35
* 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.
Colform Group Bhd (XKLS:0341) has a Altman Z2-Score of 14.35 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 Colform Group Bhd and its competitors. This is near median its historical median of 13.31. Over the past decade, Colform Group Bhd's Altman Z2-Score has ranged from 10.07 to 16.65. According to the industry distribution chart, Colform Group Bhd ranks #41 out of 629 companies in the Steel industry, placing it in the top 6.5%.
Is Colform Group Bhd's Altman Z2-Score too high?
Colform Group Bhd's current Altman Z2-Score of 14.35 is near median its 10-year median of 13.31. Over the past 10 years, this metric has ranged from a low of 10.07 to a high of 16.65. The Steel industry median Altman Z2-Score is 3.46. Colform Group Bhd's value of 14.35 is 314.7% above this industry median. Based on the distribution chart, Colform Group Bhd ranks #41 out of 629 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Colform Group Bhd has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Colform Group Bhd's Altman Z2-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Colform Group Bhd ranks #41 out of 629 companies for Altman Z2-Score. This places Colform Group Bhd in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.46. Colform Group Bhd's value of 14.35 is 314.7% above this benchmark. Historically, Colform Group Bhd's own Altman Z2-Score has ranged from 10.07 to 16.65 over the past decade. While the company's 10-year median is 13.31 vs. the industry median of 3.46, Colform 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 Steel company?
The median Altman Z2-Score among Steel companies is 3.46, based on 629 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. Colform Group Bhd's current Altman Z2-Score of 14.35 is 314.7% 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 Colform Group Bhd and its competitors. For the Steel industry, the median Altman Z2-Score is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Colform Group Bhd's current Altman Z2-Score is 14.35, which is near median its own 10-year median of 13.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Colform Group Bhd stock overvalued right now?
Colform Group Bhd (XKLS:0341) has a current Altman Z2-Score of 14.35. The current Altman Z2-Score is 14.35, which is near median its 10-year median of 13.31 and 314.7% above the Steel industry median of 3.46. Colform Group Bhd's overall GF Score™ is 21/100 with 3 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 Colform Group Bhd (XKLS:0341), the current Altman Z2-Score is 14.35 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.
Colform Group Bhd is an integrated steel solutions provider in Malaysia, specializing in the manufacturing, processing and trading of downstream steel products and building materials. The group also offers supply and installation services as well as project management services for construction projects. It focuses on the production of structural, protective and decorative steel components, roofing sheets and accessories, purlins and battens, Industrialized Building System (IBS) steel framing systems and accessories. It is organized in three divisions: Manufacturing and Processing Division, Trading Division, and Supply, Installation and Project Management Services Division. It operates in single segment of the manufacturing of slitted steel sheets in Malaysia.
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