AIZO Group BhdXKLS:7219 Altman Z2-Score is 0.35 as of Jul. 04, 2026, which is 58% below its 10-year median of 0.84. The stock has 6 warning signs investors should review. Among 404 Building Materials companies, AIZO Group Bhd ranks worse than 84.9% 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:
AIZO Group Bhd has a Altman Z2-Score of 0.35, 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 AIZO Group Bhd's Altman Z2-Score or its related term are showing as below:
XKLS:7219'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.15 Med: 0.84 Max: 3.67
Current: 0.35
During the past 13 years, AIZO Group Bhd's highest Altman Z2-Score was 3.67. The lowest was -0.15. And the median was 0.84.
AIZO Group Bhd (XKLS:7219) 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.
AIZO Group Bhd Altman Z2-Score Related Terms
AIZO Group Bhd Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for AIZO Group 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:7219 vs CRH, VMC, MLM: Altman Z2-Score Comparison
For the Building Materials subindustry, AIZO Group 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.
AIZO Group Bhd Altman Z2-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, AIZO Group Bhd's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where AIZO Group 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.
AIZO Group 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
*
0.063
+
3.26
*
-0.2694
+
6.72
*
-0.0216
+
1.05
*
0.9165
=
0.35
* 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.
AIZO Group Bhd (XKLS:7219) has a Altman Z2-Score of 0.35 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 AIZO Group Bhd and its competitors. This is 58% below median its historical median of 0.84. According to the industry distribution chart, AIZO Group Bhd ranks #343 out of 404 companies in the Building Materials industry, placing it in the top 84.9%.
Is AIZO Group Bhd's Altman Z2-Score too high?
AIZO Group Bhd's current Altman Z2-Score of 0.35 is 58% below median its 10-year median of 0.84. The Building Materials industry median Altman Z2-Score is 3.37. AIZO Group Bhd's value of 0.35 is 89.6% below this industry median. Based on the distribution chart, AIZO Group Bhd ranks #343 out of 404 companies in the Building Materials industry, which is in the bottom quartile relative to peers.
How does AIZO Group Bhd's Altman Z2-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, AIZO Group Bhd ranks #343 out of 404 companies for Altman Z2-Score. This places AIZO Group Bhd in the lower half of its industry. The industry median Altman Z2-Score is 3.37. AIZO Group Bhd's value of 0.35 is 89.6% below this benchmark. While the company's 10-year median is 0.84 vs. the industry median of 3.37, AIZO Group 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 Building Materials company?
The median Altman Z2-Score among Building Materials companies is 3.37, based on 404 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. AIZO Group Bhd's current Altman Z2-Score of 0.35 is 89.6% 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 AIZO Group Bhd and its competitors. For the Building Materials industry, the median Altman Z2-Score is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIZO Group Bhd's current Altman Z2-Score is 0.35, which is 58% below median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIZO Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, AIZO Group Bhd (XKLS:7219) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.14, compared to a current price of RM0.04 — trading 71.4% below its estimated fair value. The current Altman Z2-Score is 0.35, which is 58% below median its 10-year median of 0.84 and 89.6% below the Building Materials industry median of 3.37. 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 AIZO Group Bhd (XKLS:7219), the current Altman Z2-Score is 0.35 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.
AIZO Group Bhd is a diversified organization with four business segments: bituminous products, manufacturing and trading bituminous products; civil engineering, specialised civil engineering works; energy, development, operation, and transmission of solar power; and services, provision of manpower and maintenance services. Additional activities include investment holding, managerial services, rental of machinery, and trading of industrial machinery spare parts. These segments support infrastructure development, advance the transition to green energy, and promote financial inclusion via digital platforms. The company operates in Indonesia, Malaysia, Thailand, and other markets, with the majority of revenue generated from the civil engineering segment and mainly coming from Malaysia.
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