IQ Group Holdings BhdXKLS:5107 35 Altman Z2-Score is 10.89 as of Jul. 08, 2026, which is 3% above its 10-year median of 10.61. GuruFocus rates XKLS:5107 with a GF Score™ of 35/100 and a GF Value™ of RM0.55 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,078 Business Services companies, IQ Group Holdings Bhd ranks better than 90.45% 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:
IQ Group Holdings Bhd has a Altman Z2-Score of 10.89, 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 IQ Group Holdings Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:5107'
s Altman Z2-Score Range Over the Past 10 Years
Min: 7.3 Med: 10.61 Max: 11.39
Current: 10.89
During the past 13 years, IQ Group Holdings Bhd's highest Altman Z2-Score was 11.39. The lowest was 7.30. And the median was 10.61.
IQ Group Holdings Bhd (XKLS:5107) 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.
IQ Group Holdings Bhd Altman Z2-Score Related Terms
IQ Group Holdings Bhd Altman Z2-Score Historical Data
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The historical data trend for IQ Group Holdings 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:5107 vs ALLE, MSA, ADT: Altman Z2-Score Comparison
For the Security & Protection Services subindustry, IQ Group 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.
IQ Group Holdings Bhd Altman Z2-Score vs Business Services Industry
For the Business Services industry and Industrials sector, IQ Group Holdings Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where IQ Group Holdings 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.
* 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.
IQ Group Holdings Bhd (XKLS:5107) has a Altman Z2-Score of 10.89 as of Jul. 08, 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 IQ Group Holdings Bhd and its competitors. This is near median its historical median of 10.61. Over the past decade, IQ Group Holdings Bhd's Altman Z2-Score has ranged from 7.30 to 11.39. According to the industry distribution chart, IQ Group Holdings Bhd ranks #103 out of 1078 companies in the Business Services industry, placing it in the top 9.6%.
Is IQ Group Holdings Bhd's Altman Z2-Score too high?
IQ Group Holdings Bhd's current Altman Z2-Score of 10.89 is near median its 10-year median of 10.61. Over the past 10 years, this metric has ranged from a low of 7.30 to a high of 11.39. The Business Services industry median Altman Z2-Score is 3.64. IQ Group Holdings Bhd's value of 10.89 is 199.6% above this industry median. Based on the distribution chart, IQ Group Holdings Bhd ranks #103 out of 1078 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, IQ Group 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 IQ Group Holdings Bhd's Altman Z2-Score compare to ALLE and MSA?
According to the Business Services industry distribution chart, IQ Group Holdings Bhd ranks #103 out of 1078 companies for Altman Z2-Score. This places IQ Group Holdings Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.64. IQ Group Holdings Bhd's value of 10.89 is 199.6% above this benchmark. Historically, IQ Group Holdings Bhd's own Altman Z2-Score has ranged from 7.30 to 11.39 over the past decade. While the company's 10-year median is 10.61 vs. the industry median of 3.64, IQ Group 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 Business Services company?
The median Altman Z2-Score among Business Services companies is 3.64, based on 1,078 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. IQ Group Holdings Bhd's current Altman Z2-Score of 10.89 is 199.6% 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 IQ Group Holdings Bhd and its competitors. For the Business Services industry, the median Altman Z2-Score is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IQ Group Holdings Bhd's current Altman Z2-Score is 10.89, which is near median its own 10-year median of 10.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IQ Group Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, IQ Group Holdings Bhd (XKLS:5107) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.55, compared to a current price of RM0.42 — trading 23.6% below its estimated fair value. The current Altman Z2-Score is 10.89, which is near median its 10-year median of 10.61 and 199.6% above the Business Services industry median of 3.64. IQ Group Holdings Bhd's overall GF Score™ is 35/100 with 2 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 IQ Group Holdings Bhd (XKLS:5107), the current Altman Z2-Score is 10.89 as of Jul. 08, 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 IQ Group Holdings Bhd (XKLS:5107) Overvalued in 2026?
Based on GuruFocus' analysis, IQ Group Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.42 is trading 23.6% below its estimated GF Value™ of RM0.55.
GuruFocus considers IQ Group Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5107:
Altman Z2-Score: 10.89 (near median its 10-year median of 10.61)
GF Value™: RM0.55 vs. price of RM0.42 (23.6% below fair value)
Industry Position: 199.6% above the Business Services median (#103 of 1078)
No single metric tells the full story. See the XKLS:5107 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IQ Group Holdings Bhd is engaged in the design and manufacture of lighting, security, and convenience products. The group has three business divisions, namely, Investment holding which offers management services; Manufacturing of motion sensor light controllers, wireless video communication devices, doorbells, home security system, lighting fixtures, sensor product, wireless product, security product and household electrical appliances; and trading of motion sensors, sensor lighting, and wireless door entry products. The company carries out its business operations in international countries and generates key revenue from the Manufacturing segment.
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