Vsolar Group BhdXKLS:0066 -12.50% Altman Z-Score is 3.89 as of Jul. 01, 2026, which is 56% below its 10-year median of 8.84. The stock has 2 warning signs investors should review. Among 2,457 Hardware companies, Vsolar Group Bhd ranks better than 59.54% 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 4.43 is strong.
Vsolar Group Bhd has a Altman Z-Score of 3.89, 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 Vsolar Group Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0066'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.26 Med: 8.84 Max: 25.63
Current: 4.43
During the past 13 years, Vsolar Group Bhd's highest Altman Z-Score was 25.63. The lowest was -1.26. And the median was 8.84.
Vsolar Group Bhd (XKLS:0066) 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.
Altman Z-Score does not apply to financial companies.
Vsolar Group Bhd Altman Z-Score Related Terms
Vsolar Group Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Vsolar Group 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.
XKLS:0066 vs SNX, ARW, AVT: Altman Z-Score Comparison
For the Electronics & Computer Distribution subindustry, Vsolar Group 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.
Vsolar Group Bhd Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Vsolar Group Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Vsolar Group Bhd's Altman Z-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.
Vsolar Group 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
*
0.5701
+
1.4
*
0
+
3.3
*
-0.2052
+
0.6
*
6.3104
+
1.0
*
0.0951
=
3.89
* 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.
Vsolar Group Bhd (XKLS:0066) has a Altman Z-Score of 3.89 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vsolar Group Bhd and its competitors. This is 56% below median its historical median of 8.84. According to the industry distribution chart, Vsolar Group Bhd ranks #994 out of 2457 companies in the Hardware industry, placing it in the top 40.5%.
Is Vsolar Group Bhd's Altman Z-Score too high?
Vsolar Group Bhd's current Altman Z-Score of 3.89 is 56% below median its 10-year median of 8.84. The Hardware industry median Altman Z-Score is 3.60. Vsolar Group Bhd's value of 3.89 is 8.1% above this industry median. Based on the distribution chart, Vsolar Group Bhd ranks #994 out of 2457 companies in the Hardware industry, which is above the industry midpoint.
How does Vsolar Group Bhd's Altman Z-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Vsolar Group Bhd ranks #994 out of 2457 companies for Altman Z-Score. This puts Vsolar Group Bhd in the upper half of its industry. The industry median Altman Z-Score is 3.60. Vsolar Group Bhd's value of 3.89 is 8.1% above this benchmark. While the company's 10-year median is 8.84 vs. the industry median of 3.60, Vsolar Group 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,457 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. Vsolar Group Bhd's current Altman Z-Score of 3.89 is 8.1% 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 Vsolar Group Bhd and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vsolar Group Bhd's current Altman Z-Score is 3.89, which is 56% below median its own 10-year median of 8.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vsolar Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Vsolar Group Bhd (XKLS:0066) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.04 — trading 12.5% below its estimated fair value. The current Altman Z-Score is 3.89, which is 56% below median its 10-year median of 8.84 and 8.1% above the Hardware industry median of 3.60. 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 Vsolar Group Bhd (XKLS:0066), the current Altman Z-Score is 3.89 as of Jul. 01, 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.
Vsolar Group Bhd is an investment holding company as well as renewable energy, media publishing, software solutions and production house based in Malaysia. The company's operating segment includes Engineering works; Trading; Solar Energy and Others. It generates maximum revenue from the Trading segment. The trading segment is engaged in the trading of computer hardware. The solar energy segment is engaged in the supply of solar energy. Other segments comprise investment holding, trading, and distribution of software, providing information technology services and dormant companies. Geographically, it operates only in Malaysia. Engineering works segment engaged in Business of engineering solutions provider in connection with renewal energy business and other related engineering works.
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