Ecomate Holdings BhdXKLS:0239 +0.58%56 Altman Z-Score is 7.07 as of Jul. 01, 2026, which is 20% below its 10-year median of 8.88. GuruFocus rates XKLS:0239 with a GF Score™ of 56/100 and a GF Value™ of RM0.91 (Fairly Valued). The stock has 9 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, Ecomate Holdings Bhd ranks better than 87.79% 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 7.03 is strong.
Ecomate Holdings Bhd has a Altman Z-Score of 7.07, 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 Ecomate Holdings Bhd's Altman Z-Score or its related term are showing as below:
XKLS:0239'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.39 Med: 8.88 Max: 11.23
Current: 7.03
During the past 8 years, Ecomate Holdings Bhd's highest Altman Z-Score was 11.23. The lowest was 6.39. And the median was 8.88.
Ecomate Holdings Bhd (XKLS:0239) 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.
Ecomate Holdings Bhd Altman Z-Score Related Terms
Ecomate Holdings Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Ecomate 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.
XKLS:0239 vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ecomate 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.
Ecomate Holdings Bhd Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ecomate Holdings Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ecomate Holdings 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.
Ecomate 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
*
0.1952
+
1.4
*
0.1771
+
3.3
*
0.0199
+
0.6
*
9.9949
+
1.0
*
0.5243
=
7.07
* 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.
Ecomate Holdings Bhd (XKLS:0239) has a Altman Z-Score of 7.07 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ecomate Holdings Bhd and its competitors. This is 20% below median its historical median of 8.88. Over the past decade, Ecomate Holdings Bhd's Altman Z-Score has ranged from 6.39 to 11.23. According to the industry distribution chart, Ecomate Holdings Bhd ranks #52 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 12.2%.
Is Ecomate Holdings Bhd's Altman Z-Score too high?
Ecomate Holdings Bhd's current Altman Z-Score of 7.07 is 20% below median its 10-year median of 8.88. Over the past 10 years, this metric has ranged from a low of 6.39 to a high of 11.23. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.78. Ecomate Holdings Bhd's value of 7.07 is 154.8% above this industry median. Based on the distribution chart, Ecomate Holdings Bhd ranks #52 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Ecomate Holdings Bhd has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ecomate Holdings Bhd's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ecomate Holdings Bhd ranks #52 out of 426 companies for Altman Z-Score. This places Ecomate Holdings Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.78. Ecomate Holdings Bhd's value of 7.07 is 154.8% above this benchmark. Historically, Ecomate Holdings Bhd's own Altman Z-Score has ranged from 6.39 to 11.23 over the past decade. While the company's 10-year median is 8.88 vs. the industry median of 2.78, Ecomate Holdings 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.78, based on 426 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. Ecomate Holdings Bhd's current Altman Z-Score of 7.07 is 154.8% 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 Ecomate Holdings Bhd and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecomate Holdings Bhd's current Altman Z-Score is 7.07, which is 20% below median its own 10-year median of 8.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomate Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ecomate Holdings Bhd (XKLS:0239) is currently considered Fairly Valued. The stock's GF Value™ is RM0.91, compared to a current price of RM0.86 — trading 5.5% below its estimated fair value. The current Altman Z-Score is 7.07, which is 20% below median its 10-year median of 8.88 and 154.8% above the Furnishings, Fixtures & Appliances industry median of 2.78. Ecomate Holdings Bhd's overall GF Score™ is 56/100 with 9 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 Ecomate Holdings Bhd (XKLS:0239), the current Altman Z-Score is 7.07 as of Jul. 01, 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 Ecomate Holdings Bhd (XKLS:0239) Overvalued in 2026?
Based on GuruFocus' analysis, Ecomate Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.86 is trading 5.5% below its estimated GF Value™ of RM0.91.
GuruFocus considers Ecomate Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:0239:
Altman Z-Score: 7.07 (20% below median its 10-year median of 8.88)
GF Value™: RM0.91 vs. price of RM0.86 (5.5% below fair value)
Industry Position: 154.8% above the Furnishings, Fixtures & Appliances median (#52 of 426)
No single metric tells the full story. See the XKLS:0239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecomate Holdings Bhd is an investment holding company. Through its subsidiary, the company is principally engaged in the production of ready-to-assemble furniture products, where it undertakes design and development, production as well as marketing and sales of living room furniture, bedroom furniture as well as other types of furniture. The company has a single operating segment namely the furniture industry.
56GF Score
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