Mega First BhdXKLS:3069 +1.04%77 Altman Z2-Score is 5.54 as of Jul. 04, 2026, which is 34% above its 10-year median of 4.13. GuruFocus rates XKLS:3069 with a GF Score™ of 77/100 and a GF Value™ of RM3.18 (Fairly Valued). The stock has 6 warning signs investors should review. Among 504 Utilities - Regulated companies, Mega First Bhd ranks better than 89.09% 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:
Mega First Bhd has a Altman Z2-Score of 5.54, 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 Mega First Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:3069'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.31 Med: 4.13 Max: 7.96
Current: 5.54
During the past 13 years, Mega First Bhd's highest Altman Z2-Score was 7.96. The lowest was -0.31. And the median was 4.13.
Mega First Bhd (XKLS:3069) 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.
Mega First Bhd Altman Z2-Score Related Terms
Mega First Bhd Altman Z2-Score Historical Data
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The historical data trend for Mega First 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:3069 vs NEE, SO, DUK: Altman Z2-Score Comparison
For the Utilities - Regulated Electric subindustry, Mega First 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.
Mega First Bhd Altman Z2-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mega First Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Mega First 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.
Mega First 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
*
0.0352
+
3.26
*
0.5871
+
6.72
*
0.097
+
1.05
*
2.6108
=
5.54
* 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.
Mega First Bhd (XKLS:3069) has a Altman Z2-Score of 5.54 as of Jul. 04, 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 Mega First Bhd and its competitors. This is 34% above median its historical median of 4.13. According to the industry distribution chart, Mega First Bhd ranks #55 out of 504 companies in the Utilities - Regulated industry, placing it in the top 10.9%.
Is Mega First Bhd's Altman Z2-Score too high?
Mega First Bhd's current Altman Z2-Score of 5.54 is 34% above median its 10-year median of 4.13. The Utilities - Regulated industry median Altman Z2-Score is 1.56. Mega First Bhd's value of 5.54 is 256.3% above this industry median. Based on the distribution chart, Mega First Bhd ranks #55 out of 504 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Mega First Bhd has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mega First Bhd's Altman Z2-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Mega First Bhd ranks #55 out of 504 companies for Altman Z2-Score. This places Mega First Bhd in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.56. Mega First Bhd's value of 5.54 is 256.3% above this benchmark. While the company's 10-year median is 4.13 vs. the industry median of 1.56, Mega First 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 an Utilities - Regulated company?
The median Altman Z2-Score among Utilities - Regulated companies is 1.56, based on 504 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. Mega First Bhd's current Altman Z2-Score of 5.54 is 256.3% 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 Mega First Bhd and its competitors. For the Utilities - Regulated industry, the median Altman Z2-Score is 1.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mega First Bhd's current Altman Z2-Score is 5.54, which is 34% above median its own 10-year median of 4.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega First Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mega First Bhd (XKLS:3069) is currently considered Fairly Valued. The stock's GF Value™ is RM3.18, compared to a current price of RM2.92 — trading 8.2% below its estimated fair value. The current Altman Z2-Score is 5.54, which is 34% above median its 10-year median of 4.13 and 256.3% above the Utilities - Regulated industry median of 1.56. Mega First Bhd's overall GF Score™ is 77/100 with 6 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 Mega First Bhd (XKLS:3069), the current Altman Z2-Score is 5.54 as of Jul. 04, 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 Mega First Bhd (XKLS:3069) Overvalued in 2026?
Based on GuruFocus' analysis, Mega First Bhd stock appears to be undervalued.
The current stock price of RM2.92 is trading 8.2% below its estimated GF Value™ of RM3.18.
GuruFocus considers Mega First Bhd to be Fairly Valued.
Key valuation signals for XKLS:3069:
Altman Z2-Score: 5.54 (34% above median its 10-year median of 4.13)
GF Value™: RM3.18 vs. price of RM2.92 (8.2% below fair value)
Industry Position: 256.3% above the Utilities - Regulated median (#55 of 504)
No single metric tells the full story. See the XKLS:3069 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mega First Corp Bhd is an investment holding company. The group is organized into three main business segments as follows - Renewable Energy, Resources, Packaging, and Investment Renewable Holding and Others. The Renewable Energy segment builds, owns, and operates renewable power plants. The Resources segment is engaged in the quarrying of limestone, manufacturing and trading of lime products, and calcium carbonate powder. The Packaging segment is engaged in the Manufacturing and distribution of flexible packaging materials and products, paper bags, labels and stickers. The majority of its revenue is derived from the Renewable Energy segment. Geographically, the company derives majority of its revenue from the Lao PDR.
77GF Score
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