Sersol Bhd (XKLS:0055) Altman Z-Score: 3.25 (As of Jul. 04, 2026) — 39% Below Median


What is Sersol Bhd Altman Z-Score?

Sersol Bhd XKLS:0055 +14.29% Altman Z-Score is 3.25 as of Jul. 04, 2026, which is 39% below its 10-year median of 5.29. The stock has 4 warning signs investors should review. Among 1,567 Chemicals companies, Sersol Bhd ranks worse than 61.84% 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 3.25 is strong.

Sersol Bhd has a Altman Z-Score of 3.25, 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 Sersol Bhd's Altman Z-Score or its related term are showing as below:

XKLS:0055' s Altman Z-Score Range Over the Past 10 Years
Min: 2.04   Med: 5.29   Max: 23.44
Current: 3.25

During the past 13 years, Sersol Bhd's highest Altman Z-Score was 23.44. The lowest was 2.04. And the median was 5.29.


Sersol Bhd  (XKLS:0055) 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.


Sersol Bhd Altman Z-Score Related Terms


Sersol Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sersol Bhd'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.

Sersol Bhd Altman Z-Score Chart

Sersol Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.84 17.59 16.50 8.94 2.15

Sersol Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.40 2.15 2.31 2.15 2.87

XKLS:0055 vs LIN, SHW, ECL: Altman Z-Score Comparison

For the Specialty Chemicals subindustry, Sersol Bhd'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.


Sersol Bhd Altman Z-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sersol Bhd's Altman Z-Score distribution charts can be found below:

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



Sersol Bhd 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.

Sersol Bhd'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*0.0958+1.4*-0.1473+3.3*-0.0545+0.6*5.0828+1.0*0.4687
=3.25

* 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 Mar. 2026:
Total Assets was RM25.44 Mil.
Total Current Assets was RM7.33 Mil.
Total Current Liabilities was RM4.90 Mil.
Retained Earnings was RM-3.75 Mil.
Pre-Tax Income was -0.437 + -0.352 + -0.079 + -0.531 = RM-1.40 Mil.
Interest Expense was -0.002 + -0.003 + -0.003 + -0.004 = RM-0.01 Mil.
Revenue was 2.351 + 3.003 + 3.34 + 3.229 = RM11.92 Mil.
Market Cap (Today) was RM32.18 Mil.
Total Liabilities was RM6.33 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
=(7.334 - 4.896)/25.441
=0.0958

X2=Retained Earnings/Total Assets
=-3.747/25.441
=-0.1473

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.399 - -0.012)/25.441
=-0.0545

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=32.184/6.332
=5.0828

X5=Revenue/Total Assets
=11.923/25.441
=0.4687

The zones of discrimination were as such:

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

Sersol Bhd has a Altman Z-Score of 3.25 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 3.25 mean?
Sersol Bhd (XKLS:0055) has a Altman Z-Score of 3.25 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sersol Bhd and its competitors. This is 39% below median its historical median of 5.29. Over the past decade, Sersol Bhd's Altman Z-Score has ranged from 2.04 to 23.44. According to the industry distribution chart, Sersol Bhd ranks #969 out of 1567 companies in the Chemicals industry, placing it in the top 61.8%.
Is Sersol Bhd's Altman Z-Score too high?
Sersol Bhd's current Altman Z-Score of 3.25 is 39% below median its 10-year median of 5.29. Over the past 10 years, this metric has ranged from a low of 2.04 to a high of 23.44. The Chemicals industry median Altman Z-Score is 3.13. Sersol Bhd's value of 3.25 is 3.8% above this industry median. Based on the distribution chart, Sersol Bhd ranks #969 out of 1567 companies in the Chemicals industry, which is below the industry midpoint.
How does Sersol Bhd's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sersol Bhd ranks #969 out of 1567 companies for Altman Z-Score. This places Sersol Bhd in the lower half of its industry. The industry median Altman Z-Score is 3.13. Sersol Bhd's value of 3.25 is 3.8% above this benchmark. Historically, Sersol Bhd's own Altman Z-Score has ranged from 2.04 to 23.44 over the past decade. While the company's 10-year median is 5.29 vs. the industry median of 3.13, Sersol 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 Z-Score for a Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.13, based on 1,567 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. Sersol Bhd's current Altman Z-Score of 3.25 is 3.8% 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 Sersol Bhd and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sersol Bhd's current Altman Z-Score is 3.25, which is 39% below median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sersol Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sersol Bhd (XKLS:0055) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.05, compared to a current price of RM0.04 — trading 20% below its estimated fair value. The current Altman Z-Score is 3.25, which is 39% below median its 10-year median of 5.29 and 3.8% above the Chemicals industry median of 3.13. 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 Sersol Bhd (XKLS:0055), the current Altman Z-Score is 3.25 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.

Sersol Bhd Business Description

Address No. 28, Jalan Canggih 1, Taman Perindustrian Cemerlang, Johor Darul Takzim, Ulu Tiram, JHR, MYS, 81800
Sersol Bhd is a Malaysian company which is principally involved in the coatings business relating to buildings, furniture, electrical and electronic products. The company operates through its geographical segment namely Malaysia and Thailand. Its Malaysia segment involved in manufacturing and selling of coatings, thinners and industrial chemical, investment holding and provision of management services and trading of architectural coating and wall surface finishing material. The Thailand segment manufactures and sales of coatings, thinners and industrial chemical. It derives a majority of revenue from Malaysia. There are three main operating segments, namely the plastic and metal coatings, decorative coatings segments and provision of money lending services.