MTAG Group BhdXKLS:0213 49 Altman Z-Score is 10.53 as of Jun. 29, 2026, which is 21% below its 10-year median of 13.29. GuruFocus rates XKLS:0213 with a GF Score™ of 49/100 and a GF Value™ of RM0.19 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,059 Business Services companies, MTAG Group Bhd ranks better than 91.97% 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 10.53 is strong.
MTAG Group Bhd has a Altman Z-Score of 10.53, 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 MTAG Group Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0213'
s Altman Z-Score Range Over the Past 10 Years
Min: 7.22 Med: 13.29 Max: 16.27
Current: 10.53
During the past 10 years, MTAG Group Bhd's highest Altman Z-Score was 16.27. The lowest was 7.22. And the median was 13.29.
MTAG Group Bhd (XKLS:0213) 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.
MTAG Group Bhd Altman Z-Score Related Terms
MTAG Group Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for MTAG 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.
XKLS:0213 vs CTAS, CPRT, ULS: Altman Z-Score Comparison
For the Specialty Business Services subindustry, MTAG 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.
MTAG Group Bhd Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, MTAG Group Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where MTAG Group 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.
MTAG 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
*
0.7047
+
1.4
*
0.6234
+
3.3
*
0.0401
+
0.6
*
14.0483
+
1.0
*
0.2461
=
10.53
* 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.
MTAG Group Bhd (XKLS:0213) has a Altman Z-Score of 10.53 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on MTAG Group Bhd and its competitors. This is 21% below median its historical median of 13.29. Over the past decade, MTAG Group Bhd's Altman Z-Score has ranged from 7.22 to 16.27. According to the industry distribution chart, MTAG Group Bhd ranks #85 out of 1059 companies in the Business Services industry, placing it in the top 8%.
Is MTAG Group Bhd's Altman Z-Score too high?
MTAG Group Bhd's current Altman Z-Score of 10.53 is 21% below median its 10-year median of 13.29. Over the past 10 years, this metric has ranged from a low of 7.22 to a high of 16.27. The Business Services industry median Altman Z-Score is 2.97. MTAG Group Bhd's value of 10.53 is 254.5% above this industry median. Based on the distribution chart, MTAG Group Bhd ranks #85 out of 1059 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, MTAG Group Bhd has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTAG Group Bhd's Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, MTAG Group Bhd ranks #85 out of 1059 companies for Altman Z-Score. This places MTAG Group Bhd in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.97. MTAG Group Bhd's value of 10.53 is 254.5% above this benchmark. Historically, MTAG Group Bhd's own Altman Z-Score has ranged from 7.22 to 16.27 over the past decade. While the company's 10-year median is 13.29 vs. the industry median of 2.97, MTAG Group 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,059 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. MTAG Group Bhd's current Altman Z-Score of 10.53 is 254.5% 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 MTAG Group Bhd and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTAG Group Bhd's current Altman Z-Score is 10.53, which is 21% below median its own 10-year median of 13.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTAG Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, MTAG Group Bhd (XKLS:0213) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.19, compared to a current price of RM0.22 — trading 15.8% above its estimated fair value. The current Altman Z-Score is 10.53, which is 21% below median its 10-year median of 13.29 and 254.5% above the Business Services industry median of 2.97. MTAG Group Bhd's overall GF Score™ is 49/100 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 MTAG Group Bhd (XKLS:0213), the current Altman Z-Score is 10.53 as of Jun. 29, 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 MTAG Group Bhd (XKLS:0213) Overvalued in 2026?
Based on GuruFocus' analysis, MTAG Group Bhd stock appears to be overvalued.
The current stock price of RM0.22 is trading 15.8% above its estimated GF Value™ of RM0.19.
GuruFocus considers MTAG Group Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:0213:
Altman Z-Score: 10.53 (21% below median its 10-year median of 13.29)
GF Value™: RM0.19 vs. price of RM0.22 (15.8% above fair value)
Industry Position: 254.5% above the Business Services median (#85 of 1059)
No single metric tells the full story. See the XKLS:0213 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MTAG Group Bhd is a converter company providing the services of label and sticker printing and customized converting services for various materials. In addition, it distributes industrial tapes and adhesive products under the brands 3M and Henkel. Its segments consist of Converting, Distribution and Investment holding. The company operates in Malaysia. It derives maximum revenue from Converting Segment. The products of the company include Toyo Sho, Intag Industrial and Intag Steel.
49GF Score
Get the complete analysis for XKLS:0213
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:0213 has been successfully added to your 
