ES Ceramics Technology BhdXKLS:0100 62 Altman Z-Score is 2.77 as of Jun. 30, 2026, which is 66% below its 10-year median of 8.21. GuruFocus rates XKLS:0100 with a GF Score™ of 62/100 and a GF Value™ of RM0.19 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,568 Chemicals companies, ES Ceramics Technology Bhd ranks worse than 57.14% 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 2.77 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.
ES Ceramics Technology Bhd has a Altman Z-Score of 2.77, indicating it is in Grey Zones. This implies that ES Ceramics Technology Bhd 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 ES Ceramics Technology Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0100'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.3 Med: 8.21 Max: 32.25
Current: 2.77
During the past 13 years, ES Ceramics Technology Bhd's highest Altman Z-Score was 32.25. The lowest was 2.30. And the median was 8.21.
ES Ceramics Technology Bhd (XKLS:0100) 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:0100 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, ES Ceramics Technology 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.
ES Ceramics Technology Bhd Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, ES Ceramics Technology Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where ES Ceramics Technology Bhd's Altman Z-Score falls into.
ES Ceramics Technology 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.
ES Ceramics Technology Bhd (XKLS:0100) has a Altman Z-Score of 2.77 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ES Ceramics Technology Bhd and its competitors. This is 66% below median its historical median of 8.21. Over the past decade, ES Ceramics Technology Bhd's Altman Z-Score has ranged from 2.30 to 32.25. According to the industry distribution chart, ES Ceramics Technology Bhd ranks #896 out of 1568 companies in the Chemicals industry, placing it in the top 57.1%.
Is ES Ceramics Technology Bhd's Altman Z-Score too high?
ES Ceramics Technology Bhd's current Altman Z-Score of 2.77 is 66% below median its 10-year median of 8.21. Over the past 10 years, this metric has ranged from a low of 2.30 to a high of 32.25. The Chemicals industry median Altman Z-Score is 3.13. ES Ceramics Technology Bhd's value of 2.77 is 11.4% below this industry median. Based on the distribution chart, ES Ceramics Technology Bhd ranks #896 out of 1568 companies in the Chemicals industry, which is below the industry midpoint. Overall, ES Ceramics Technology Bhd has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ES Ceramics Technology Bhd's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, ES Ceramics Technology Bhd ranks #896 out of 1568 companies for Altman Z-Score. This places ES Ceramics Technology Bhd in the lower half of its industry. The industry median Altman Z-Score is 3.13. ES Ceramics Technology Bhd's value of 2.77 is 11.4% below this benchmark. Historically, ES Ceramics Technology Bhd's own Altman Z-Score has ranged from 2.30 to 32.25 over the past decade. While the company's 10-year median is 8.21 vs. the industry median of 3.13, ES Ceramics Technology Bhd 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.13, based on 1,568 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. ES Ceramics Technology Bhd's current Altman Z-Score of 2.77 is 11.4% 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 ES Ceramics Technology 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. ES Ceramics Technology Bhd's current Altman Z-Score is 2.77, which is 66% below median its own 10-year median of 8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ES Ceramics Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, ES Ceramics Technology Bhd (XKLS:0100) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.19, compared to a current price of RM0.12 — trading 36.8% below its estimated fair value. The current Altman Z-Score is 2.77, which is 66% below median its 10-year median of 8.21 and 11.4% below the Chemicals industry median of 3.13. ES Ceramics Technology Bhd's overall GF Score™ is 62/100 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 ES Ceramics Technology Bhd (XKLS:0100), the current Altman Z-Score is 2.77 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 ES Ceramics Technology Bhd (XKLS:0100) Overvalued in 2026?
Based on GuruFocus' analysis, ES Ceramics Technology Bhd stock appears to be undervalued.
The current stock price of RM0.12 is trading 36.8% below its estimated GF Value™ of RM0.19.
GuruFocus considers ES Ceramics Technology Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0100:
Altman Z-Score: 2.77 (66% below median its 10-year median of 8.21)
GF Value™: RM0.19 vs. price of RM0.12 (36.8% below fair value)
Industry Position: 11.4% below the Chemicals median (#896 of 1568)
No single metric tells the full story. See the XKLS:0100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ES Ceramics Technology Bhd is an investment holding company. Through its holding, the company manufactures and distributes ceramic hand formers. Its product offerings include examination formers, surgical formers, household formers, and breathing bags and balloons. The formers are for continuous industrial use under heavy-duty conditions, to withstand the complex processes involving heat and chemicals to produce gloves. Geographically, it derives a majority of its revenue from Malaysia. Its segments include Investing, Glove equipment, and Construction, of which the Construction segment derives the maximum revenue. The Construction segment is engaged in the manufacturing and supply of chemical products and construction materials, including readymix concrete.
62GF Score
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