Eversafe Rubber BhdXKLS:0190 Altman Z-Score is 1.54 as of Jul. 04, 2026, which is 33% below its 10-year median of 2.31. The stock has 3 warning signs investors should review. Among 1,312 Vehicles & Parts companies, Eversafe Rubber Bhd ranks worse than 76.45% 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 1.55 is in distress zone. This implies bankruptcy possibility in the next two years.
Eversafe Rubber Bhd has a Altman Z-Score of 1.54, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Eversafe Rubber Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0190'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.19 Med: 2.31 Max: 3.42
Current: 1.55
During the past 13 years, Eversafe Rubber Bhd's highest Altman Z-Score was 3.42. The lowest was 1.19. And the median was 2.31.
Eversafe Rubber Bhd (XKLS:0190) 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.
Eversafe Rubber Bhd Altman Z-Score Related Terms
Eversafe Rubber Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Eversafe Rubber 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:0190 vs ORLY, AZO, GPC: Altman Z-Score Comparison
For the Auto Parts subindustry, Eversafe Rubber 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.
Eversafe Rubber Bhd Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Eversafe Rubber Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Eversafe Rubber 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.
Eversafe Rubber 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
*
0.2103
+
1.4
*
0.2024
+
3.3
*
-0.0574
+
0.6
*
0.3405
+
1.0
*
0.9894
=
1.54
* 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.
Eversafe Rubber Bhd (XKLS:0190) has a Altman Z-Score of 1.54 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Eversafe Rubber Bhd and its competitors. This is 33% below median its historical median of 2.31. Over the past decade, Eversafe Rubber Bhd's Altman Z-Score has ranged from 1.19 to 3.42. According to the industry distribution chart, Eversafe Rubber Bhd ranks #1003 out of 1312 companies in the Vehicles & Parts industry, placing it in the top 76.4%.
Is Eversafe Rubber Bhd's Altman Z-Score too high?
Eversafe Rubber Bhd's current Altman Z-Score of 1.54 is 33% below median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 3.42. The Vehicles & Parts industry median Altman Z-Score is 2.54. Eversafe Rubber Bhd's value of 1.54 is 39.4% below this industry median. Based on the distribution chart, Eversafe Rubber Bhd ranks #1003 out of 1312 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers.
How does Eversafe Rubber Bhd's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Eversafe Rubber Bhd ranks #1003 out of 1312 companies for Altman Z-Score. This places Eversafe Rubber Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.54. Eversafe Rubber Bhd's value of 1.54 is 39.4% below this benchmark. Historically, Eversafe Rubber Bhd's own Altman Z-Score has ranged from 1.19 to 3.42 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 2.54, Eversafe Rubber 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.54, based on 1,312 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. Eversafe Rubber Bhd's current Altman Z-Score of 1.54 is 39.4% 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 Eversafe Rubber Bhd and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eversafe Rubber Bhd's current Altman Z-Score is 1.54, which is 33% below median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eversafe Rubber Bhd stock overvalued right now?
Based on GuruFocus' analysis, Eversafe Rubber Bhd (XKLS:0190) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.14, compared to a current price of RM0.07 — trading 50% below its estimated fair value. The current Altman Z-Score is 1.54, which is 33% below median its 10-year median of 2.31 and 39.4% below the Vehicles & Parts industry median of 2.54. 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 Eversafe Rubber Bhd (XKLS:0190), the current Altman Z-Score is 1.54 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.
Eversafe Rubber Bhd is an investment holding company. The company involved in the manufacturing and sale of rubber based tyre retread products, new tyres and polymer products. The firm is mainly manufacturing, distribution, trading and sale of rubber based tyre retread products, new tyres and polymer products, provision of related services, investment holding and production and sales of rubber products and service of after sale of self-produced products. The group has a single reporting segment, Manufacturing and Sale of Rubber-based tyre retread products. The company has presence in Malaysia, Americas, East Asia and Oceania, Europe, South Asia, Middle East and Africa, South East Asia. It derives the key geographical revenue from South East Asia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:0190 has been successfully added to your 