Trive Property Group Bhd (XKLS:0118) Altman Z-Score: 1.98 (As of Jul. 04, 2026) — 44% Below Median


What is Trive Property Group Bhd Altman Z-Score?

Trive Property Group Bhd XKLS:0118 Altman Z-Score is 1.98 as of Jul. 04, 2026, which is 44% below its 10-year median of 3.53. The stock has 3 warning signs investors should review. Among 1,015 Semiconductors companies, Trive Property Group Bhd ranks worse than 77.93% 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 1.98 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.

Trive Property Group Bhd has a Altman Z-Score of 1.98, indicating it is in Grey Zones. This implies that Trive Property Group 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 Trive Property Group Bhd's Altman Z-Score or its related term are showing as below:

XKLS:0118' s Altman Z-Score Range Over the Past 10 Years
Min: -0.92   Med: 3.53   Max: 91.24
Current: 1.98

During the past 13 years, Trive Property Group Bhd's highest Altman Z-Score was 91.24. The lowest was -0.92. And the median was 3.53.


Trive Property Group Bhd  (XKLS:0118) 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.


Trive Property Group Bhd Altman Z-Score Related Terms


Trive Property Group Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Trive Property 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.

Trive Property Group Bhd Altman Z-Score Chart

Trive Property Group Bhd Annual Data
Trend Aug09 Aug10 Aug11 Jan17 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.09 2.63 5.57 3.90

Trive Property Group Bhd Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
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 3.90 1.96 1.39 2.35 1.16

XKLS:0118 vs FSLR, NXT, ENPH: Altman Z-Score Comparison

For the Solar subindustry, Trive Property 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.


Trive Property Group Bhd Altman Z-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Trive Property Group Bhd's Altman Z-Score distribution charts can be found below:

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



Trive Property Group 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.

Trive Property 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*0.198+1.4*0.0374+3.3*0.017+0.6*2.604+1.0*0.0684
=1.98

* 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 Jul. 2025:
Total Assets was RM126.77 Mil.
Total Current Assets was RM33.27 Mil.
Total Current Liabilities was RM8.16 Mil.
Retained Earnings was RM4.74 Mil.
Pre-Tax Income was 1.977 + 0.178 + -0.054 + 0.052 = RM2.15 Mil.
Interest Expense was 0 + 0 + 0 + -0.001 = RM-0.00 Mil.
Revenue was 6.594 + 0.537 + 0.95 + 0.584 = RM8.67 Mil.
Market Cap (Today) was RM28.62 Mil.
Total Liabilities was RM10.99 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
=(33.267 - 8.162)/126.771
=0.198

X2=Retained Earnings/Total Assets
=4.742/126.771
=0.0374

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.153 - -0.001)/126.771
=0.017

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=28.621/10.991
=2.604

X5=Revenue/Total Assets
=8.665/126.771
=0.0684

The zones of discrimination were as such:

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

Trive Property Group Bhd has a Altman Z-Score of 1.98 indicating it is in Grey 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 1.98 mean?
Trive Property Group Bhd (XKLS:0118) has a Altman Z-Score of 1.98 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Trive Property Group Bhd and its competitors. This is 44% below median its historical median of 3.53. According to the industry distribution chart, Trive Property Group Bhd ranks #791 out of 1015 companies in the Semiconductors industry, placing it in the top 77.9%.
Is Trive Property Group Bhd's Altman Z-Score too high?
Trive Property Group Bhd's current Altman Z-Score of 1.98 is 44% below median its 10-year median of 3.53. The Semiconductors industry median Altman Z-Score is 5.26. Trive Property Group Bhd's value of 1.98 is 62.4% below this industry median. Based on the distribution chart, Trive Property Group Bhd ranks #791 out of 1015 companies in the Semiconductors industry, which is in the bottom quartile relative to peers.
How does Trive Property Group Bhd's Altman Z-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Trive Property Group Bhd ranks #791 out of 1015 companies for Altman Z-Score. This places Trive Property Group Bhd in the lower half of its industry. The industry median Altman Z-Score is 5.26. Trive Property Group Bhd's value of 1.98 is 62.4% below this benchmark. While the company's 10-year median is 3.53 vs. the industry median of 5.26, Trive Property Group 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.26, based on 1,015 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. Trive Property Group Bhd's current Altman Z-Score of 1.98 is 62.4% 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 Trive Property Group Bhd and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trive Property Group Bhd's current Altman Z-Score is 1.98, which is 44% below median its own 10-year median of 3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trive Property Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Trive Property Group Bhd (XKLS:0118) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.05, compared to a current price of RM0.02 — trading 60% below its estimated fair value. The current Altman Z-Score is 1.98, which is 44% below median its 10-year median of 3.53 and 62.4% below the Semiconductors industry median of 5.26. 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 Trive Property Group Bhd (XKLS:0118), the current Altman Z-Score is 1.98 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.

Trive Property Group Bhd Business Description

Address No.8, Jalan Kerinchi, Bangsar South, Level 1, Tower 11, Avenue 5, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Trive Property Group Bhd is a investment holding company. The Group's core operantional focus is centred on Commercial Property Asset Management (Leasing), renewable energy related activities, as well as Mechanical and Electrical ("M&E") engineering services. Its product includes Solar Power includes Solar Power Storage Solution System, Solar Power Street Light, Solar Power Light System, etc. Its operating segments are Renewable energy, Mechanical & electrical (M&E), Property investment, and Others. The company generates majority of revenue from Property Investment which includes Renting of office premises.