VCIG (VCI Global) Altman Z-Score: 3.95 (As of Jun. 25, 2026) — 99% Below Median


VCIG VCI Global Ltd VCIG
43 GF Score
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What is VCI Global Altman Z-Score?

VCI Global VCIG -19.00% 43 Altman Z-Score is 3.95 as of Jun. 25, 2026, which is 99% below its 10-year median of 314.48. GuruFocus rates VCIG with a GF Score™ of 43/100. The stock has 3 warning signs investors should review. Among 1,060 Business Services companies, VCI Global ranks better than 68.49% 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.

Good Sign:

Altman Z-score of 4.57 is strong.

VCI Global has a Altman Z-Score of 3.95, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 VCI Global's Altman Z-Score or its related term are showing as below:

VCIG' s Altman Z-Score Range Over the Past 10 Years
Min: 4.57   Med: 314.48   Max: 446.72
Current: 4.57

During the past 5 years, VCI Global's highest Altman Z-Score was 446.72. The lowest was 4.57. And the median was 314.48.


VCI Global  (NAS:VCIG) 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.


VCI Global Altman Z-Score Related Terms


VCI Global Altman Z-Score Historical Data

* Premium members only.

The historical data trend for VCI Global'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.

VCI Global Altman Z-Score Chart

VCI Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Altman Z-Score
0.00 0.00 0.00 446.72 182.23

VCI Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 446.72 0.00 182.23 0.00

VCIG vs RYOJ, DGNX, AERT: Altman Z-Score Comparison

For the Consulting Services subindustry, VCI Global'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.


VCI Global Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, VCI Global's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where VCI Global's Altman Z-Score falls into.


VCIG
43GF Score
VCI Global Ltd VCIG
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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VCI Global 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.

VCI Global'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*0.4728+1.4*0.1084+3.3*0.0854+0.6*4.4121+1.0*0.3039
=3.95

* 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. 2024:
Total Assets was $91.82 Mil.
Total Current Assets was $48.60 Mil.
Total Current Liabilities was $5.19 Mil.
Retained Earnings was $9.96 Mil.
Pre-Tax Income was $7.71 Mil.
Interest Expense was $-0.13 Mil.
Revenue was $27.90 Mil.
Market Cap (Today) was $23.18 Mil.
Total Liabilities was $5.25 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
=(48.603 - 5.193)/91.817
=0.4728

X2=Retained Earnings/Total Assets
=9.956/91.817
=0.1084

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(7.707 - -0.132)/91.817
=0.0854

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=23.177/5.253
=4.4121

X5=Revenue/Total Assets
=27.903/91.817
=0.3039

The zones of discrimination were as such:

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

VCI Global has a Altman Z-Score of 3.95 indicating it is in Safe 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 3.95 mean?
VCI Global (VCIG) has a Altman Z-Score of 3.95 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on VCI Global and its competitors. This is 99% below median its historical median of 314.48. Over the past decade, VCI Global's Altman Z-Score has ranged from 4.57 to 446.72. According to the industry distribution chart, VCI Global ranks #334 out of 1060 companies in the Business Services industry, placing it in the top 31.5%.
Is VCI Global's Altman Z-Score too high?
VCI Global's current Altman Z-Score of 3.95 is 99% below median its 10-year median of 314.48. Over the past 10 years, this metric has ranged from a low of 4.57 to a high of 446.72. The Business Services industry median Altman Z-Score is 2.98. VCI Global's value of 3.95 is 32.8% above this industry median. Based on the distribution chart, VCI Global ranks #334 out of 1060 companies in the Business Services industry, which is above the industry midpoint. Overall, VCI Global has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does VCI Global's Altman Z-Score compare to RYOJ and DGNX?
According to the Business Services industry distribution chart, VCI Global ranks #334 out of 1060 companies for Altman Z-Score. This puts VCI Global in the upper half of its industry. The industry median Altman Z-Score is 2.98. VCI Global's value of 3.95 is 32.8% above this benchmark. Historically, VCI Global's own Altman Z-Score has ranged from 4.57 to 446.72 over the past decade. While the company's 10-year median is 314.48 vs. the industry median of 2.98, VCI Global 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 Z-Score for a Business Services company?
The median Altman Z-Score among Business Services companies is 2.98, based on 1,060 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. VCI Global's current Altman Z-Score of 3.95 is 32.8% 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 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 VCI Global and its competitors. For the Business Services industry, the median Altman Z-Score is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VCI Global's current Altman Z-Score is 3.95, which is 99% below median its own 10-year median of 314.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VCI Global stock overvalued right now?
VCI Global (VCIG) has a current Altman Z-Score of 3.95. The current Altman Z-Score is 3.95, which is 99% below median its 10-year median of 314.48 and 32.8% above the Business Services industry median of 2.98. VCI Global's overall GF Score™ is 43/100 with 3 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 VCI Global (VCIG), the current Altman Z-Score is 3.95 as of Jun. 25, 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.

VCI Global Business Description

Address No. 3 Jalan Bangsar, B03-C-8 and 10, Menara 3A, KL Eco City, Kuala Lumpur, SGR, MYS, 59200
VCI Global Ltd is a holding company. The principal activities of the Company and its subsidiaries are the provision of business Strategy consultancy and technology development. The firm organized its consulting services into three main segments: Business Strategy Consultancy; Technology development, solutions and consultancy; and Others. It derives the majority of its revenue from the Business Strategy Consultancy segment, which focuses on listing solutions, investor relations, and boardroom strategies consultancy.
43GF Score

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