Kinergy Advancement BhdXKLS:0193 61 Altman Z-Score is 2.84 as of Jun. 30, 2026, which is 14% below its 10-year median of 3.32. GuruFocus rates XKLS:0193 with a GF Score™ of 61/100 and a GF Value™ of RM0.91 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,753 Construction companies, Kinergy Advancement Bhd ranks better than 61.38% 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 2.84 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.
Kinergy Advancement Bhd has a Altman Z-Score of 2.84, indicating it is in Grey Zones. This implies that Kinergy Advancement 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 Kinergy Advancement Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0193'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.5 Med: 3.32 Max: 13.43
Current: 2.84
During the past 12 years, Kinergy Advancement Bhd's highest Altman Z-Score was 13.43. The lowest was 2.50. And the median was 3.32.
Kinergy Advancement Bhd (XKLS:0193) 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:0193 vs PWR, FIX, EME: Altman Z-Score Comparison
For the Engineering & Construction subindustry, Kinergy Advancement 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.
Kinergy Advancement Bhd Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Kinergy Advancement Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kinergy Advancement Bhd's Altman Z-Score falls into.
Kinergy Advancement 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.
Kinergy Advancement Bhd (XKLS:0193) has a Altman Z-Score of 2.84 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kinergy Advancement Bhd and its competitors. This is 14% below median its historical median of 3.32. Over the past decade, Kinergy Advancement Bhd's Altman Z-Score has ranged from 2.50 to 13.43. According to the industry distribution chart, Kinergy Advancement Bhd ranks #677 out of 1753 companies in the Construction industry, placing it in the top 38.6%.
Is Kinergy Advancement Bhd's Altman Z-Score too high?
Kinergy Advancement Bhd's current Altman Z-Score of 2.84 is 14% below median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 13.43. The Construction industry median Altman Z-Score is 2.33. Kinergy Advancement Bhd's value of 2.84 is 21.9% above this industry median. Based on the distribution chart, Kinergy Advancement Bhd ranks #677 out of 1753 companies in the Construction industry, which is above the industry midpoint. Overall, Kinergy Advancement Bhd has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kinergy Advancement Bhd's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Kinergy Advancement Bhd ranks #677 out of 1753 companies for Altman Z-Score. This puts Kinergy Advancement Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.33. Kinergy Advancement Bhd's value of 2.84 is 21.9% above this benchmark. Historically, Kinergy Advancement Bhd's own Altman Z-Score has ranged from 2.50 to 13.43 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 2.33, Kinergy Advancement 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,753 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. Kinergy Advancement Bhd's current Altman Z-Score of 2.84 is 21.9% 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 Kinergy Advancement Bhd and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinergy Advancement Bhd's current Altman Z-Score is 2.84, which is 14% below median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinergy Advancement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kinergy Advancement Bhd (XKLS:0193) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.91, compared to a current price of RM0.39 — trading 57.1% below its estimated fair value. The current Altman Z-Score is 2.84, which is 14% below median its 10-year median of 3.32 and 21.9% above the Construction industry median of 2.33. Kinergy Advancement Bhd's overall GF Score™ is 61/100 with 7 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 Kinergy Advancement Bhd (XKLS:0193), the current Altman Z-Score is 2.84 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 Kinergy Advancement Bhd (XKLS:0193) Overvalued in 2026?
Based on GuruFocus' analysis, Kinergy Advancement Bhd stock appears to be undervalued.
The current stock price of RM0.39 is trading 57.1% below its estimated GF Value™ of RM0.91.
GuruFocus considers Kinergy Advancement Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0193:
Altman Z-Score: 2.84 (14% below median its 10-year median of 3.32)
GF Value™: RM0.91 vs. price of RM0.39 (57.1% below fair value)
Industry Position: 21.9% above the Construction median (#677 of 1753)
No single metric tells the full story. See the XKLS:0193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinergy Advancement Bhd is principally engaged in the business of provision of electrical and mechanical engineering services and operation of generating facilities that produce electric energy. The Company is recognised in the ENERGY SPACE as a Holistic One-Stop Energy and Engineering Solutions Provider. The reportable business segments of the Group comprise Engineering, provision of engineering solutions, and Sustainable Energy Solutions (SES), provision of clean energy, renewable energy and energy efficient solutions. It generates maximum revenue from Sustainable Energy Solutions (SES). It operates in Malaysia, Thailand and Indonesia, and generates maximum revenue from Malaysia.
61GF Score
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