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Turbo-Mech BhdXKLS:5167 40 Altman Z2-Score is 18.49 as of Jul. 13, 2026, which is 3% above its 10-year median of 18.01. GuruFocus rates XKLS:5167 with a GF Score™ of 40/100 and a GF Value™ of RM0.49 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 155 Industrial Distribution companies, Turbo-Mech Bhd ranks better than 97.42% 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:
Turbo-Mech Bhd has a Altman Z2-Score of 18.49, 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 Turbo-Mech Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:5167'
s Altman Z2-Score Range Over the Past 10 Years
Min: 9.38 Med: 18.01 Max: 34.72
Current: 18.49
During the past 13 years, Turbo-Mech Bhd's highest Altman Z2-Score was 34.72. The lowest was 9.38. And the median was 18.01.
Turbo-Mech Bhd (XKLS:5167) 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.
Turbo-Mech Bhd Altman Z2-Score Related Terms
Turbo-Mech Bhd Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Turbo-Mech 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:5167 vs GWW, FAST, FERG: Altman Z2-Score Comparison
For the Industrial Distribution subindustry, Turbo-Mech 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.
Turbo-Mech Bhd Altman Z2-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Turbo-Mech Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Turbo-Mech 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.
Turbo-Mech 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
*
0.5833
+
3.26
*
0.3366
+
6.72
*
0.0029
+
1.05
*
12.9013
=
18.49
* 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.
Turbo-Mech Bhd (XKLS:5167) has a Altman Z2-Score of 18.49 as of Jul. 13, 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 Turbo-Mech Bhd and its competitors. This is near median its historical median of 18.01. Over the past decade, Turbo-Mech Bhd's Altman Z2-Score has ranged from 9.38 to 34.72. According to the industry distribution chart, Turbo-Mech Bhd ranks #4 out of 155 companies in the Industrial Distribution industry, placing it in the top 2.6%.
Is Turbo-Mech Bhd's Altman Z2-Score too high?
Turbo-Mech Bhd's current Altman Z2-Score of 18.49 is near median its 10-year median of 18.01. Over the past 10 years, this metric has ranged from a low of 9.38 to a high of 34.72. The Industrial Distribution industry median Altman Z2-Score is 4.25. Turbo-Mech Bhd's value of 18.49 is 335.1% above this industry median. Based on the distribution chart, Turbo-Mech Bhd ranks #4 out of 155 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Turbo-Mech Bhd has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Turbo-Mech Bhd's Altman Z2-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Turbo-Mech Bhd ranks #4 out of 155 companies for Altman Z2-Score. This places Turbo-Mech Bhd in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.25. Turbo-Mech Bhd's value of 18.49 is 335.1% above this benchmark. Historically, Turbo-Mech Bhd's own Altman Z2-Score has ranged from 9.38 to 34.72 over the past decade. While the company's 10-year median is 18.01 vs. the industry median of 4.25, Turbo-Mech 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 Industrial Distribution company?
The median Altman Z2-Score among Industrial Distribution companies is 4.25, based on 155 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. Turbo-Mech Bhd's current Altman Z2-Score of 18.49 is 335.1% 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 Turbo-Mech Bhd and its competitors. For the Industrial Distribution industry, the median Altman Z2-Score is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turbo-Mech Bhd's current Altman Z2-Score is 18.49, which is near median its own 10-year median of 18.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turbo-Mech Bhd stock overvalued right now?
Based on GuruFocus' analysis, Turbo-Mech Bhd (XKLS:5167) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.49, compared to a current price of RM0.37 — trading 24.5% below its estimated fair value. The current Altman Z2-Score is 18.49, which is near median its 10-year median of 18.01 and 335.1% above the Industrial Distribution industry median of 4.25. Turbo-Mech Bhd's overall GF Score™ is 40/100 with 1 warning sign 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 Turbo-Mech Bhd (XKLS:5167), the current Altman Z2-Score is 18.49 as of Jul. 13, 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 Turbo-Mech Bhd (XKLS:5167) Overvalued in 2026?
Based on GuruFocus' analysis, Turbo-Mech Bhd stock appears to be undervalued.
The current stock price of RM0.37 is trading 24.5% below its estimated GF Value™ of RM0.49.
GuruFocus considers Turbo-Mech Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5167:
Altman Z2-Score: 18.49 (near median its 10-year median of 18.01)
GF Value™: RM0.49 vs. price of RM0.37 (24.5% below fair value)
Industry Position: 335.1% above the Industrial Distribution median (#4 of 155)
No single metric tells the full story. See the XKLS:5167 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turbo-Mech Bhd is an investment holding company. It is engaged in the sales of rotating equipment and spare parts and the provision of maintenance and overhaul services. The company sells spare parts for the oil, gas, and petrochemical industries. It offers centrifugal, metering, progressing cavity, cryogenic, firewater, & non-seal pumps and chemical injection skids, air compressors, cooling tower fan, and air cool heat exchangers, and steam turbines. The company's geographical segments are Singapore, Indonesia, Philippines, Thailand, and Others.
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