Tex Cycle Technology (M) BhdXKLS:0089 84 Altman Z-Score is 3.35 as of Jun. 30, 2026, which is 42% below its 10-year median of 5.79. GuruFocus rates XKLS:0089 with a GF Score™ of 84/100 and a GF Value™ of RM1.90 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 238 Waste Management companies, Tex Cycle Technology (M) Bhd ranks better than 73.95% 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 3.31 is strong.
Tex Cycle Technology (M) Bhd has a Altman Z-Score of 3.35, 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 Tex Cycle Technology (M) Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0089'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.64 Med: 5.79 Max: 17.25
Current: 3.31
During the past 13 years, Tex Cycle Technology (M) Bhd's highest Altman Z-Score was 17.25. The lowest was 2.64. And the median was 5.79.
Tex Cycle Technology (M) Bhd (XKLS:0089) 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.
* 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:0089 vs WM, RSG, WCN: Altman Z-Score Comparison
For the Waste Management subindustry, Tex Cycle Technology (M) 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.
Tex Cycle Technology (M) Bhd Altman Z-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tex Cycle Technology (M) Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tex Cycle Technology (M) Bhd's Altman Z-Score falls into.
Tex Cycle Technology (M) 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.
* 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.
Tex Cycle Technology (M) Bhd (XKLS:0089) has a Altman Z-Score of 3.35 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tex Cycle Technology (M) Bhd and its competitors. This is 42% below median its historical median of 5.79. Over the past decade, Tex Cycle Technology (M) Bhd's Altman Z-Score has ranged from 2.64 to 17.25. According to the industry distribution chart, Tex Cycle Technology (M) Bhd ranks #62 out of 238 companies in the Waste Management industry, placing it in the top 26.1%.
Is Tex Cycle Technology (M) Bhd's Altman Z-Score too high?
Tex Cycle Technology (M) Bhd's current Altman Z-Score of 3.35 is 42% below median its 10-year median of 5.79. Over the past 10 years, this metric has ranged from a low of 2.64 to a high of 17.25. The Waste Management industry median Altman Z-Score is 2.00. Tex Cycle Technology (M) Bhd's value of 3.35 is 67.5% above this industry median. Based on the distribution chart, Tex Cycle Technology (M) Bhd ranks #62 out of 238 companies in the Waste Management industry, which is above the industry midpoint. Overall, Tex Cycle Technology (M) Bhd has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tex Cycle Technology (M) Bhd's Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Tex Cycle Technology (M) Bhd ranks #62 out of 238 companies for Altman Z-Score. This puts Tex Cycle Technology (M) Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.00. Tex Cycle Technology (M) Bhd's value of 3.35 is 67.5% above this benchmark. Historically, Tex Cycle Technology (M) Bhd's own Altman Z-Score has ranged from 2.64 to 17.25 over the past decade. While the company's 10-year median is 5.79 vs. the industry median of 2.00, Tex Cycle Technology (M) 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 2.00, based on 238 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. Tex Cycle Technology (M) Bhd's current Altman Z-Score of 3.35 is 67.5% 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 Tex Cycle Technology (M) Bhd and its competitors. For the Waste Management industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tex Cycle Technology (M) Bhd's current Altman Z-Score is 3.35, which is 42% below median its own 10-year median of 5.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tex Cycle Technology (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd (XKLS:0089) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.90, compared to a current price of RM1.04 — trading 45.3% below its estimated fair value. The current Altman Z-Score is 3.35, which is 42% below median its 10-year median of 5.79 and 67.5% above the Waste Management industry median of 2.00. Tex Cycle Technology (M) Bhd's overall GF Score™ is 84/100 with 5 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 Tex Cycle Technology (M) Bhd (XKLS:0089), the current Altman Z-Score is 3.35 as of Jun. 30, 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 Tex Cycle Technology (M) Bhd (XKLS:0089) Overvalued in 2026?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd stock appears to be undervalued.
The current stock price of RM1.04 is trading 45.3% below its estimated GF Value™ of RM1.90.
GuruFocus considers Tex Cycle Technology (M) Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0089:
Altman Z-Score: 3.35 (42% below median its 10-year median of 5.79)
GF Value™: RM1.90 vs. price of RM1.04 (45.3% below fair value)
Industry Position: 67.5% above the Waste Management median (#62 of 238)
No single metric tells the full story. See the XKLS:0089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tex Cycle Technology (M) Bhd is engaged in the provision of recovery and recycling of scheduled waste. It operates in six segments. The investment holding segment comprises investing in property and unquoted securities on a long-term basis; the recovery and recycling services segment comprises the provision of waste recovery and recycling services, and rental of recycled products; the rental of investment property segment; trading segment comprises trading of chemicals and other products; renewable energy segment includes the provision of equipment and consultancy services related to renewable energy; and others segment. The majority of company's revenue comes from the recovery and recycling services segment.
84GF Score
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