Apex Equity Holdings BhdXKLS:5088 35 Altman Z2-Score is 7.32 as of Jul. 06, 2026, which is 46% below its 10-year median of 13.63. GuruFocus rates XKLS:5088 with a GF Score™ of 35/100 and a GF Value™ of RM0.89 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 692 Capital Markets companies, Apex Equity Holdings Bhd ranks better than 68.93% 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:
Apex Equity Holdings Bhd has a Altman Z2-Score of 7.32, 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 Apex Equity Holdings Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:5088'
s Altman Z2-Score Range Over the Past 10 Years
Min: 5.43 Med: 13.63 Max: 22.3
Current: 7.32
During the past 13 years, Apex Equity Holdings Bhd's highest Altman Z2-Score was 22.30. The lowest was 5.43. And the median was 13.63.
Apex Equity Holdings Bhd (XKLS:5088) 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.
* 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:5088 vs MS, GS, SCHW: Altman Z2-Score Comparison
For the Capital Markets subindustry, Apex Equity 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.
Apex Equity Holdings Bhd Altman Z2-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Apex Equity Holdings Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Apex Equity Holdings Bhd's Altman Z2-Score falls into.
Apex Equity 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.
* 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.
Apex Equity Holdings Bhd (XKLS:5088) has a Altman Z2-Score of 7.32 as of Jul. 06, 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 Apex Equity Holdings Bhd and its competitors. This is 46% below median its historical median of 13.63. Over the past decade, Apex Equity Holdings Bhd's Altman Z2-Score has ranged from 5.43 to 22.30. According to the industry distribution chart, Apex Equity Holdings Bhd ranks #215 out of 692 companies in the Capital Markets industry, placing it in the top 31.1%.
Is Apex Equity Holdings Bhd's Altman Z2-Score too high?
Apex Equity Holdings Bhd's current Altman Z2-Score of 7.32 is 46% below median its 10-year median of 13.63. Over the past 10 years, this metric has ranged from a low of 5.43 to a high of 22.30. The Capital Markets industry median Altman Z2-Score is 4.28. Apex Equity Holdings Bhd's value of 7.32 is 71% above this industry median. Based on the distribution chart, Apex Equity Holdings Bhd ranks #215 out of 692 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Apex Equity Holdings Bhd has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Apex Equity Holdings Bhd's Altman Z2-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Apex Equity Holdings Bhd ranks #215 out of 692 companies for Altman Z2-Score. This puts Apex Equity Holdings Bhd in the upper half of its industry. The industry median Altman Z2-Score is 4.28. Apex Equity Holdings Bhd's value of 7.32 is 71% above this benchmark. Historically, Apex Equity Holdings Bhd's own Altman Z2-Score has ranged from 5.43 to 22.30 over the past decade. While the company's 10-year median is 13.63 vs. the industry median of 4.28, Apex Equity Holdings 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 Capital Markets company?
The median Altman Z2-Score among Capital Markets companies is 4.28, based on 692 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. Apex Equity Holdings Bhd's current Altman Z2-Score of 7.32 is 71% 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 Apex Equity Holdings Bhd and its competitors. For the Capital Markets industry, the median Altman Z2-Score is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Apex Equity Holdings Bhd's current Altman Z2-Score is 7.32, which is 46% below median its own 10-year median of 13.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Equity Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Apex Equity Holdings Bhd (XKLS:5088) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.89, compared to a current price of RM0.72 — trading 19.7% below its estimated fair value. The current Altman Z2-Score is 7.32, which is 46% below median its 10-year median of 13.63 and 71% above the Capital Markets industry median of 4.28. Apex Equity Holdings Bhd's overall GF Score™ is 35/100 with 8 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 Apex Equity Holdings Bhd (XKLS:5088), the current Altman Z2-Score is 7.32 as of Jul. 06, 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 Apex Equity Holdings Bhd (XKLS:5088) Overvalued in 2026?
Based on GuruFocus' analysis, Apex Equity Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.72 is trading 19.7% below its estimated GF Value™ of RM0.89.
GuruFocus considers Apex Equity Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5088:
Altman Z2-Score: 7.32 (46% below median its 10-year median of 13.63)
GF Value™: RM0.89 vs. price of RM0.72 (19.7% below fair value)
Industry Position: 71% above the Capital Markets median (#215 of 692)
No single metric tells the full story. See the XKLS:5088 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Apex Equity Holdings Bhd is an investment holding company. The company, along with its subsidiaries, is engaged in the business of investment holding and trading in marketable securities. The group is organised into four main reportable segments, which include Investment holdings and others, Stock and securities broking, Property holding, and Money lending. The majority of its revenue is generated from the Stock and securities broking segment, which deals with securities, clearings, derivatives, and investment advisory. It has also launched an online trading platform, Apexetrade, which allows customers access to the latest market information and an extensive range of trading tools. Geographically, the group operates predominantly in Malaysia.
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