Koh Brothers Eco Engineering (SGX:5HV) Altman Z-Score: 1.96 (As of Aug. 19, 2026) — 23% Above Median

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SGX:5HV Koh Brothers Eco Engineering Ltd SGX:5HV
38 GF Score
Price S$0.10
GF Value S$0.08
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Koh Brothers Eco Engineering Altman Z-Score?

Koh Brothers Eco Engineering SGX:5HV -9.65% 38 Altman Z-Score is 1.96 as of Aug. 19, 2026, which is 23% above its 10-year median of 1.59. GuruFocus rates SGX:5HV with a GF Score™ of 38/100 and a GF Value™ of S$0.08 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,760 Construction companies, Koh Brothers Eco Engineering ranks worse than 55.11% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 2.09 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Koh Brothers Eco Engineering has a Altman Z-Score of 1.96, indicating it is in Grey Zones. This implies that Koh Brothers Eco Engineering is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Koh Brothers Eco Engineering's Altman Z-Score or its related term are showing as below:

SGX:5HV' s Altman Z-Score Range Over the Past 10 Years
Min: 0.8   Med: 1.59   Max: 2.1
Current: 2.09

During the past 13 years, Koh Brothers Eco Engineering's highest Altman Z-Score was 2.10. The lowest was 0.80. And the median was 1.59.


Koh Brothers Eco Engineering  (SGX:5HV) Altman Z-Score Explanation

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.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Koh Brothers Eco Engineering Altman Z-Score Related Terms


Koh Brothers Eco Engineering Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Koh Brothers Eco Engineering's Altman Z-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.

Koh Brothers Eco Engineering Altman Z-Score Chart

Koh Brothers Eco Engineering Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 1.58 1.04 1.09 1.76

Koh Brothers Eco Engineering Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 1.09 0.00 1.76 0.00

SGX:5HV vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Koh Brothers Eco Engineering's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Koh Brothers Eco Engineering Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Koh Brothers Eco Engineering's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Koh Brothers Eco Engineering's Altman Z-Score falls into.


SGX:5HV
38GF Score
Koh Brothers Eco Engineering Ltd SGX:5HV
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koh Brothers Eco Engineering Altman Z-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.

Koh Brothers Eco Engineering's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.1227+1.4*-0.0446+3.3*0.0472+0.6*1.5662+1.0*0.7781
=1.96

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was S$316.0 Mil.
Total Current Assets was S$211.6 Mil.
Total Current Liabilities was S$172.8 Mil.
Retained Earnings was S$-14.1 Mil.
Pre-Tax Income was S$13.2 Mil.
Interest Expense was S$-1.7 Mil.
Revenue was S$245.9 Mil.
Market Cap (Today) was S$290.3 Mil.
Total Liabilities was S$185.3 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(211.604 - 172.831)/316.034
=0.1227

X2=Retained Earnings/Total Assets
=-14.09/316.034
=-0.0446

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(13.183 - -1.742)/316.034
=0.0472

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=290.277/185.333
=1.5662

X5=Revenue/Total Assets
=245.912/316.034
=0.7781

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Koh Brothers Eco Engineering has a Altman Z-Score of 1.96 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.96 mean?
Koh Brothers Eco Engineering (SGX:5HV) has a Altman Z-Score of 1.96 as of Aug. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Koh Brothers Eco Engineering and its competitors. This is 23% above median its historical median of 1.59. Over the past decade, Koh Brothers Eco Engineering's Altman Z-Score has ranged from 0.80 to 2.10. According to the industry distribution chart, Koh Brothers Eco Engineering ranks #970 out of 1760 companies in the Construction industry, placing it in the top 55.1%.
Is Koh Brothers Eco Engineering's Altman Z-Score too high?
Koh Brothers Eco Engineering's current Altman Z-Score of 1.96 is 23% above median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 2.10. The Construction industry median Altman Z-Score is 2.30. Koh Brothers Eco Engineering's value of 1.96 is 14.8% below this industry median. Based on the distribution chart, Koh Brothers Eco Engineering ranks #970 out of 1760 companies in the Construction industry, which is below the industry midpoint. Overall, Koh Brothers Eco Engineering has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koh Brothers Eco Engineering's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Koh Brothers Eco Engineering ranks #970 out of 1760 companies for Altman Z-Score. This places Koh Brothers Eco Engineering in the lower half of its industry. The industry median Altman Z-Score is 2.30. Koh Brothers Eco Engineering's value of 1.96 is 14.8% below this benchmark. Historically, Koh Brothers Eco Engineering's own Altman Z-Score has ranged from 0.80 to 2.10 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 2.30, Koh Brothers Eco Engineering 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 Z-Score for a Construction company?
The median Altman Z-Score among Construction companies is 2.30, based on 1,760 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Koh Brothers Eco Engineering's current Altman Z-Score of 1.96 is 14.8% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Koh Brothers Eco Engineering and its competitors. For the Construction industry, the median Altman Z-Score is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koh Brothers Eco Engineering's current Altman Z-Score is 1.96, which is 23% above median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koh Brothers Eco Engineering stock overvalued right now?
Based on GuruFocus' analysis, Koh Brothers Eco Engineering (SGX:5HV) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.08, compared to a current price of S$0.10 — trading 28.8% above its estimated fair value. The current Altman Z-Score is 1.96, which is 23% above median its 10-year median of 1.59 and 14.8% below the Construction industry median of 2.30. Koh Brothers Eco Engineering's overall GF Score™ is 38/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Koh Brothers Eco Engineering (SGX:5HV), the current Altman Z-Score is 1.96 as of Aug. 19, 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 Koh Brothers Eco Engineering (SGX:5HV) Overvalued in 2026?

Based on GuruFocus' analysis, Koh Brothers Eco Engineering stock appears to be overvalued. The current stock price of S$0.10 is trading 28.8% above its estimated GF Value™ of S$0.08. GuruFocus considers Koh Brothers Eco Engineering to be Modestly Overvalued.

Key valuation signals for SGX:5HV:

  • Altman Z-Score: 1.96 (23% above median its 10-year median of 1.59)
  • GF Value™: S$0.08 vs. price of S$0.10 (28.8% above fair value)
  • GF Score™: 38/100 with 4 warning signs
  • Industry Position: 14.8% below the Construction median (#970 of 1760)

No single metric tells the full story. See the SGX:5HV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Koh Brothers Eco Engineering Business Description

Address 15 Genting Road, Singapore, SGP, 349493
Koh Brothers Eco Engineering Ltd is an investment holding company. The company operates in two segments: Engineering & Construction and Bio-Refinery & Renewable Energy. The business activities of the company include EPC services for construction and civil engineering projects and services to the edible oil industry, including the EPC and commissioning of edible and non-edible oil refining plants, turnkey outside-battery-limits infrastructure engineering, and other products. The majority of its revenue comes from the Engineering & Construction segment. The geographical segments of the company are Singapore, Malaysia, Indonesia, Africa, and others, of which the majority of its revenue comes from Singapore.
38GF Score

Get the complete analysis for SGX:5HV

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.10
Price
S$0.08
GF Value