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Olympia Industries BhdXKLS:3018 +8.33% Altman Z-Score is 0.51 as of Jul. 13, 2026, which is 50% below its 10-year median of 1.03. The stock has 5 warning signs investors should review. Among 837 Travel & Leisure companies, Olympia Industries Bhd ranks worse than 83.51% 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 0.49 is in distress zone. This implies bankruptcy possibility in the next two years.
Olympia Industries Bhd has a Altman Z-Score of 0.51, 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 Olympia Industries Bhd's Altman Z-Score or its related term are showing as below:
XKLS:3018'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.48 Med: 1.03 Max: 1.55
Current: 0.49
During the past 13 years, Olympia Industries Bhd's highest Altman Z-Score was 1.55. The lowest was 0.48. And the median was 1.03.
Olympia Industries Bhd (XKLS:3018) 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.
Olympia Industries Bhd Altman Z-Score Related Terms
Olympia Industries Bhd Altman Z-Score Historical Data
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The historical data trend for Olympia Industries 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:3018 vs FLUT, DKNG, SGHC: Altman Z-Score Comparison
For the Gambling subindustry, Olympia Industries 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.
Olympia Industries Bhd Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Olympia Industries Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Olympia Industries 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.
* 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.
Olympia Industries Bhd (XKLS:3018) has a Altman Z-Score of 0.51 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Olympia Industries Bhd and its competitors. This is 50% below median its historical median of 1.03. Over the past decade, Olympia Industries Bhd's Altman Z-Score has ranged from 0.48 to 1.55. According to the industry distribution chart, Olympia Industries Bhd ranks #699 out of 837 companies in the Travel & Leisure industry, placing it in the top 83.5%.
Is Olympia Industries Bhd's Altman Z-Score too high?
Olympia Industries Bhd's current Altman Z-Score of 0.51 is 50% below median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 1.55. The Travel & Leisure industry median Altman Z-Score is 2.01. Olympia Industries Bhd's value of 0.51 is 74.6% below this industry median. Based on the distribution chart, Olympia Industries Bhd ranks #699 out of 837 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers.
How does Olympia Industries Bhd's Altman Z-Score compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Olympia Industries Bhd ranks #699 out of 837 companies for Altman Z-Score. This places Olympia Industries Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.01. Olympia Industries Bhd's value of 0.51 is 74.6% below this benchmark. Historically, Olympia Industries Bhd's own Altman Z-Score has ranged from 0.48 to 1.55 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 2.01, Olympia Industries 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 2.01, based on 837 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. Olympia Industries Bhd's current Altman Z-Score of 0.51 is 74.6% 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 Olympia Industries Bhd and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Olympia Industries Bhd's current Altman Z-Score is 0.51, which is 50% below median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Olympia Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Olympia Industries Bhd (XKLS:3018) is currently considered Fairly Valued. The stock's GF Value™ is RM0.06, compared to a current price of RM0.07 — trading 8.3% above its estimated fair value. The current Altman Z-Score is 0.51, which is 50% below median its 10-year median of 1.03 and 74.6% below the Travel & Leisure industry median of 2.01. 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 Olympia Industries Bhd (XKLS:3018), the current Altman Z-Score is 0.51 as of Jul. 13, 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.
Olympia Industries Bhd is an investment holding company. Along with its subsidiaries, it operates in the following reportable segments: Leasing, Property development, Gaming, and Investment holding and dormant. The majority of the Group's revenue is generated from the Gaming segment, which includes organising, managing, and selling several forecast pools and public lotteries. The Property development segment includes the development of residential and commercial properties; the Leasing segment includes the rental of office and retail spaces and other related activities; and the Investment holding and dormant segment includes investment holding and other business units, including trading and retailing business. Geographically, the Group derives all its revenue from Malaysia.
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