Solarvest Holdings Bhd (XKLS:0215) Altman Z-Score: 3.73 (As of Jun. 29, 2026) — Near Median


XKLS:0215 Solarvest Holdings Bhd XKLS:0215
94 GF Score
Price RM2.99
GF Value RM2.57
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Solarvest Holdings Bhd Altman Z-Score?

Solarvest Holdings Bhd XKLS:0215 94 Altman Z-Score is 3.73 as of Jun. 29, 2026, which is 5% below its 10-year median of 3.92. GuruFocus rates XKLS:0215 with a GF Score™ of 94/100 and a GF Value™ of RM2.57 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,014 Semiconductors companies, Solarvest Holdings Bhd ranks worse than 60.45% 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.

Good Sign:

Altman Z-score of 3.73 is strong.

Solarvest Holdings Bhd has a Altman Z-Score of 3.73, 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 Solarvest Holdings Bhd's Altman Z-Score or its related term are showing as below:

XKLS:0215' s Altman Z-Score Range Over the Past 10 Years
Min: 2.17   Med: 3.92   Max: 8.57
Current: 3.73

During the past 11 years, Solarvest Holdings Bhd's highest Altman Z-Score was 8.57. The lowest was 2.17. And the median was 3.92.


Solarvest Holdings Bhd  (XKLS:0215) 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.


Solarvest Holdings Bhd Altman Z-Score Related Terms


Solarvest Holdings Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Solarvest Holdings 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.

Solarvest Holdings Bhd Altman Z-Score Chart

Solarvest Holdings Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.72 2.56 3.92 2.17 3.14

Solarvest Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.17 2.92 3.73 4.42 3.14

XKLS:0215 vs FSLR, NXT, ENPH: Altman Z-Score Comparison

For the Solar subindustry, Solarvest Holdings 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.


Solarvest Holdings Bhd Altman Z-Score vs Semiconductors Industry

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

* The bar in red indicates where Solarvest Holdings Bhd's Altman Z-Score falls into.


XKLS:0215
94GF Score
Solarvest Holdings Bhd XKLS:0215
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Solarvest Holdings 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.

Solarvest Holdings 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*0.4164+1.4*0.1584+3.3*0.0849+0.6*3.7543+1.0*0.4746
=3.73

* 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 Mar. 2026:
Total Assets was RM1,595.1 Mil.
Total Current Assets was RM1,045.7 Mil.
Total Current Liabilities was RM381.5 Mil.
Retained Earnings was RM252.7 Mil.
Pre-Tax Income was 40.971 + 27.44 + 26.807 + 22.076 = RM117.3 Mil.
Interest Expense was -4.84 + -5.169 + -4.01 + -4.034 = RM-18.1 Mil.
Revenue was 268.659 + 181.223 + 169.47 + 137.74 = RM757.1 Mil.
Market Cap (Today) was RM2,864.3 Mil.
Total Liabilities was RM762.9 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
=(1045.675 - 381.46)/1595.114
=0.4164

X2=Retained Earnings/Total Assets
=252.655/1595.114
=0.1584

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(117.294 - -18.053)/1595.114
=0.0849

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2864.269/762.935
=3.7543

X5=Revenue/Total Assets
=757.092/1595.114
=0.4746

The zones of discrimination were as such:

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

Solarvest Holdings Bhd has a Altman Z-Score of 3.73 indicating it is in Safe 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 3.73 mean?
Solarvest Holdings Bhd (XKLS:0215) has a Altman Z-Score of 3.73 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Solarvest Holdings Bhd and its competitors. This is near median its historical median of 3.92. Over the past decade, Solarvest Holdings Bhd's Altman Z-Score has ranged from 2.17 to 8.57. According to the industry distribution chart, Solarvest Holdings Bhd ranks #613 out of 1014 companies in the Semiconductors industry, placing it in the top 60.5%.
Is Solarvest Holdings Bhd's Altman Z-Score too high?
Solarvest Holdings Bhd's current Altman Z-Score of 3.73 is near median its 10-year median of 3.92. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 8.57. The Semiconductors industry median Altman Z-Score is 5.29. Solarvest Holdings Bhd's value of 3.73 is 29.5% below this industry median. Based on the distribution chart, Solarvest Holdings Bhd ranks #613 out of 1014 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Solarvest Holdings Bhd has a GF Score™ of 94/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Solarvest Holdings Bhd's Altman Z-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solarvest Holdings Bhd ranks #613 out of 1014 companies for Altman Z-Score. This places Solarvest Holdings Bhd in the lower half of its industry. The industry median Altman Z-Score is 5.29. Solarvest Holdings Bhd's value of 3.73 is 29.5% below this benchmark. Historically, Solarvest Holdings Bhd's own Altman Z-Score has ranged from 2.17 to 8.57 over the past decade. While the company's 10-year median is 3.92 vs. the industry median of 5.29, Solarvest Holdings 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 5.29, based on 1,014 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. Solarvest Holdings Bhd's current Altman Z-Score of 3.73 is 29.5% 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 Solarvest Holdings Bhd and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solarvest Holdings Bhd's current Altman Z-Score is 3.73, which is near median its own 10-year median of 3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solarvest Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Solarvest Holdings Bhd (XKLS:0215) is currently considered Modestly Overvalued. The stock's GF Value™ is RM2.57, compared to a current price of RM2.99 — trading 16.3% above its estimated fair value. The current Altman Z-Score is 3.73, which is near median its 10-year median of 3.92 and 29.5% below the Semiconductors industry median of 5.29. Solarvest Holdings Bhd's overall GF Score™ is 94/100 with 6 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 Solarvest Holdings Bhd (XKLS:0215), the current Altman Z-Score is 3.73 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 Solarvest Holdings Bhd (XKLS:0215) Overvalued in 2026?

Based on GuruFocus' analysis, Solarvest Holdings Bhd stock appears to be overvalued. The current stock price of RM2.99 is trading 16.3% above its estimated GF Value™ of RM2.57. GuruFocus considers Solarvest Holdings Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:0215:

  • Altman Z-Score: 3.73 (near median its 10-year median of 3.92)
  • GF Value™: RM2.57 vs. price of RM2.99 (16.3% above fair value)
  • GF Score™: 94/100 with 6 warning signs
  • Industry Position: 29.5% below the Semiconductors median (#613 of 1014)

No single metric tells the full story. See the XKLS:0215 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Solarvest Holdings Bhd Business Description

Address No. 5, Jalan 13/6, Seksyen 13, L1-01, Pacific 63 at PJ Centre, Petaling Jaya, SGR, MYS, 46200
Solarvest Holdings Bhd is an investment holding company. The company's operating segment includes (engineering, procurement, construction and commissioning) EPCC of the solar energy system; Operations and maintenance of solar energy system; Sale of electricity through solar energy generation, and others. It generates maximum revenue from the EPCC of the solar energy system segment. The company serves residential; commercial; industrial and large-scale solar energy producers. The group operates mainly in Malaysia.
94GF Score

Get the complete analysis for XKLS:0215

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM2.99
Price
RM2.57
GF Value