Parkson Holdings BhdXKLS:5657 18 Altman Z2-Score is 1.04 as of Jun. 30, 2026, which is 51% above its 10-year median of 0.69. GuruFocus rates XKLS:5657 with a GF Score™ of 18/100 and a GF Value™ of RM0.20 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,117 Retail - Cyclical companies, Parkson Holdings Bhd ranks worse than 72.61% 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.
Warning Sign:
Parkson Holdings Bhd has a Altman Z2-Score of 1.04, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Parkson Holdings Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:5657'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.8 Med: 0.69 Max: 1.59
Current: 1.04
During the past 13 years, Parkson Holdings Bhd's highest Altman Z2-Score was 1.59. The lowest was -0.80. And the median was 0.69.
Parkson Holdings Bhd (XKLS:5657) 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.
Parkson Holdings Bhd Altman Z2-Score Related Terms
Parkson Holdings Bhd Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Parkson 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.
For the Department Stores subindustry, Parkson 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.
Parkson Holdings Bhd Altman Z2-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Parkson Holdings Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Parkson 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.
Parkson Holdings 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
*
0.0431
+
3.26
*
0.0852
+
6.72
*
0.0382
+
1.05
*
0.2125
=
1.04
* 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.
Parkson Holdings Bhd (XKLS:5657) has a Altman Z2-Score of 1.04 as of Jun. 30, 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 Parkson Holdings Bhd and its competitors. This is 51% above median its historical median of 0.69. According to the industry distribution chart, Parkson Holdings Bhd ranks #811 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 72.6%.
Is Parkson Holdings Bhd's Altman Z2-Score too high?
Parkson Holdings Bhd's current Altman Z2-Score of 1.04 is 51% above median its 10-year median of 0.69. The Retail - Cyclical industry median Altman Z2-Score is 2.93. Parkson Holdings Bhd's value of 1.04 is 64.5% below this industry median. Based on the distribution chart, Parkson Holdings Bhd ranks #811 out of 1117 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Parkson Holdings Bhd has a GF Score™ of 18/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Parkson Holdings Bhd's Altman Z2-Score compare to DDS?
According to the Retail - Cyclical industry distribution chart, Parkson Holdings Bhd ranks #811 out of 1117 companies for Altman Z2-Score. This places Parkson Holdings Bhd in the lower half of its industry. The industry median Altman Z2-Score is 2.93. Parkson Holdings Bhd's value of 1.04 is 64.5% below this benchmark. While the company's 10-year median is 0.69 vs. the industry median of 2.93, Parkson Holdings Bhd has consistently been below 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 Retail - Cyclical company?
The median Altman Z2-Score among Retail - Cyclical companies is 2.93, based on 1,117 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. Parkson Holdings Bhd's current Altman Z2-Score of 1.04 is 64.5% below 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 Parkson Holdings Bhd and its competitors. For the Retail - Cyclical industry, the median Altman Z2-Score is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Parkson Holdings Bhd's current Altman Z2-Score is 1.04, which is 51% above median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parkson Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Parkson Holdings Bhd (XKLS:5657) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.20, compared to a current price of RM0.17 — trading 17.5% below its estimated fair value. The current Altman Z2-Score is 1.04, which is 51% above median its 10-year median of 0.69 and 64.5% below the Retail - Cyclical industry median of 2.93. Parkson Holdings Bhd's overall GF Score™ is 18/100 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 Parkson Holdings Bhd (XKLS:5657), the current Altman Z2-Score is 1.04 as of Jun. 30, 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 Parkson Holdings Bhd (XKLS:5657) Overvalued in 2026?
Based on GuruFocus' analysis, Parkson Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 17.5% below its estimated GF Value™ of RM0.20.
GuruFocus considers Parkson Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5657:
Altman Z2-Score: 1.04 (51% above median its 10-year median of 0.69)
GF Value™: RM0.20 vs. price of RM0.17 (17.5% below fair value)
Industry Position: 64.5% below the Retail - Cyclical median (#811 of 1117)
No single metric tells the full story. See the XKLS:5657 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Parkson Holdings Bhd is a Malaysian based company which is engaged in operating and managing departmental stores. It operates under "Parkson" brand. The stores offer well known international brands of fashion and lifestyle-related merchandise in Fashion & Apparel, Cosmetics & Accessories, Household & Electrical, and Groceries and Perishables. The company operates its business in segments namely Retailing and Others. A the key part of its revenue is from the Retailing segment engaged in Operation and management of retail stores and properties in Malaysia and PRC; and Others segments include credit services, food and beverage businesses, and investment holding. The company generates its revenue from the operation of stores, which comes from China.
18GF Score
Get the complete analysis for XKLS:5657
Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:5657 has been successfully added to your 
