Panasonic Manufacturing Malaysia Bhd (XKLS:3719) Altman Z-Score: 5.14 (As of Jul. 01, 2026) — 47% Below Median


XKLS:3719 Panasonic Manufacturing Malaysia Bhd XKLS:3719
53 GF Score
Price RM6.23
GF Value RM13.22
Valuation Possible Value Trap
! 4 Warning Signs
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What is Panasonic Manufacturing Malaysia Bhd Altman Z-Score?

Panasonic Manufacturing Malaysia Bhd XKLS:3719 -0.16% 53 Altman Z-Score is 5.14 as of Jul. 01, 2026, which is 47% below its 10-year median of 9.70. GuruFocus rates XKLS:3719 with a GF Score™ of 53/100 and a GF Value™ of RM13.22 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, Panasonic Manufacturing Malaysia Bhd ranks better than 80.28% 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 5.17 is strong.

Panasonic Manufacturing Malaysia Bhd has a Altman Z-Score of 5.14, 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 Panasonic Manufacturing Malaysia Bhd's Altman Z-Score or its related term are showing as below:

XKLS:3719' s Altman Z-Score Range Over the Past 10 Years
Min: 5.17   Med: 9.7   Max: 11.29
Current: 5.17

During the past 13 years, Panasonic Manufacturing Malaysia Bhd's highest Altman Z-Score was 11.29. The lowest was 5.17. And the median was 9.70.


Panasonic Manufacturing Malaysia Bhd  (XKLS:3719) 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.


Panasonic Manufacturing Malaysia Bhd Altman Z-Score Related Terms


Panasonic Manufacturing Malaysia Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Panasonic Manufacturing Malaysia 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.

Panasonic Manufacturing Malaysia Bhd Altman Z-Score Chart

Panasonic Manufacturing Malaysia 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 9.66 9.73 8.17 7.16 5.49

Panasonic Manufacturing Malaysia 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 7.16 7.46 5.73 5.60 5.49

XKLS:3719 vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Panasonic Manufacturing Malaysia 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.


Panasonic Manufacturing Malaysia Bhd Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Panasonic Manufacturing Malaysia Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Panasonic Manufacturing Malaysia Bhd's Altman Z-Score falls into.


XKLS:3719
53GF Score
Panasonic Manufacturing Malaysia Bhd XKLS:3719
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Panasonic Manufacturing Malaysia 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.

Panasonic Manufacturing Malaysia 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*0.5706+1.4*0.82+3.3*0.0431+0.6*3.9568+1.0*0.794
=5.14

* 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 RM868.9 Mil.
Total Current Assets was RM590.2 Mil.
Total Current Liabilities was RM94.4 Mil.
Retained Earnings was RM712.5 Mil.
Pre-Tax Income was 4.462 + 13.06 + 11.119 + 8.777 = RM37.4 Mil.
Interest Expense was -0.009 + -0.009 + -0.01 + -0.011 = RM-0.0 Mil.
Revenue was 160.467 + 173.925 + 175.828 + 179.696 = RM689.9 Mil.
Market Cap (Today) was RM378.4 Mil.
Total Liabilities was RM95.6 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
=(590.234 - 94.429)/868.896
=0.5706

X2=Retained Earnings/Total Assets
=712.505/868.896
=0.82

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(37.418 - -0.039)/868.896
=0.0431

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=378.446/95.645
=3.9568

X5=Revenue/Total Assets
=689.916/868.896
=0.794

The zones of discrimination were as such:

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

Panasonic Manufacturing Malaysia Bhd has a Altman Z-Score of 5.14 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 5.14 mean?
Panasonic Manufacturing Malaysia Bhd (XKLS:3719) has a Altman Z-Score of 5.14 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Panasonic Manufacturing Malaysia Bhd and its competitors. This is 47% below median its historical median of 9.70. Over the past decade, Panasonic Manufacturing Malaysia Bhd's Altman Z-Score has ranged from 5.17 to 11.29. According to the industry distribution chart, Panasonic Manufacturing Malaysia Bhd ranks #84 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 19.7%.
Is Panasonic Manufacturing Malaysia Bhd's Altman Z-Score too high?
Panasonic Manufacturing Malaysia Bhd's current Altman Z-Score of 5.14 is 47% below median its 10-year median of 9.70. Over the past 10 years, this metric has ranged from a low of 5.17 to a high of 11.29. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.78. Panasonic Manufacturing Malaysia Bhd's value of 5.14 is 85.2% above this industry median. Based on the distribution chart, Panasonic Manufacturing Malaysia Bhd ranks #84 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Panasonic Manufacturing Malaysia Bhd has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Panasonic Manufacturing Malaysia Bhd's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Panasonic Manufacturing Malaysia Bhd ranks #84 out of 426 companies for Altman Z-Score. This places Panasonic Manufacturing Malaysia Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.78. Panasonic Manufacturing Malaysia Bhd's value of 5.14 is 85.2% above this benchmark. Historically, Panasonic Manufacturing Malaysia Bhd's own Altman Z-Score has ranged from 5.17 to 11.29 over the past decade. While the company's 10-year median is 9.70 vs. the industry median of 2.78, Panasonic Manufacturing Malaysia 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. Panasonic Manufacturing Malaysia Bhd's current Altman Z-Score of 5.14 is 85.2% 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 Panasonic Manufacturing Malaysia 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. Panasonic Manufacturing Malaysia Bhd's current Altman Z-Score is 5.14, which is 47% below median its own 10-year median of 9.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panasonic Manufacturing Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Panasonic Manufacturing Malaysia Bhd (XKLS:3719) is currently considered Possible Value Trap. The stock's GF Value™ is RM13.22, compared to a current price of RM6.23 — trading 52.9% below its estimated fair value. The current Altman Z-Score is 5.14, which is 47% below median its 10-year median of 9.70 and 85.2% above the Furnishings, Fixtures & Appliances industry median of 2.78. Panasonic Manufacturing Malaysia Bhd's overall GF Score™ is 53/100 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 Panasonic Manufacturing Malaysia Bhd (XKLS:3719), the current Altman Z-Score is 5.14 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 Panasonic Manufacturing Malaysia Bhd (XKLS:3719) Overvalued in 2026?

Based on GuruFocus' analysis, Panasonic Manufacturing Malaysia Bhd stock appears to be undervalued. The current stock price of RM6.23 is trading 52.9% below its estimated GF Value™ of RM13.22. GuruFocus considers Panasonic Manufacturing Malaysia Bhd to be Possible Value Trap.

Key valuation signals for XKLS:3719:

  • Altman Z-Score: 5.14 (47% below median its 10-year median of 9.70)
  • GF Value™: RM13.22 vs. price of RM6.23 (52.9% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 85.2% above the Furnishings, Fixtures & Appliances median (#84 of 426)

No single metric tells the full story. See the XKLS:3719 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Panasonic Manufacturing Malaysia Bhd Business Description

Address No. 3, Jalan Sesiku 15/2, Section 15, Shah Alam Industrial Site, Shah Alam, SGR, MYS, 40200
Panasonic Manufacturing Malaysia Bhd is engaged in the manufacture and sale of electrical home appliances and related components. The business activity of the group is breakdown into two segments namely home appliances and Life Solutions. Geographically it operates in the region of Malaysia, Japan, Asia (excluding Malaysia and Japan), Europe, the Middle East, and Others. The company's segment consists of Living appliances and solutions; and Heating and Ventilation A/C. The company generates the majority of its revenue from Heating and Ventilation A/C.
53GF Score

Get the complete analysis for XKLS:3719

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

RM6.23
Price
RM13.22
GF Value