Berjaya Property Bhd (XKLS:4219) Altman Z-Score: 0.62 (As of Jul. 03, 2026) — 17% Below Median


XKLS:4219 Berjaya Property Bhd XKLS:4219
30 GF Score
Price RM0.25
GF Value RM0.29
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Berjaya Property Bhd Altman Z-Score?

Berjaya Property Bhd XKLS:4219 30 Altman Z-Score is 0.62 as of Jul. 03, 2026, which is 17% below its 10-year median of 0.75. GuruFocus rates XKLS:4219 with a GF Score™ of 30/100 and a GF Value™ of RM0.29 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 547 Conglomerates companies, Berjaya Property Bhd ranks worse than 87.02% 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 0.62 is in distress zone. This implies bankruptcy possibility in the next two years.

Berjaya Property Bhd has a Altman Z-Score of 0.62, 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 Berjaya Property Bhd's Altman Z-Score or its related term are showing as below:

XKLS:4219' s Altman Z-Score Range Over the Past 10 Years
Min: 0.52   Med: 0.75   Max: 0.97
Current: 0.62

During the past 13 years, Berjaya Property Bhd's highest Altman Z-Score was 0.97. The lowest was 0.52. And the median was 0.75.


Berjaya Property Bhd  (XKLS:4219) 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.


Berjaya Property Bhd Altman Z-Score Related Terms


Berjaya Property Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Berjaya Property 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.

Berjaya Property Bhd Altman Z-Score Chart

Berjaya Property Bhd Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.59 0.61 0.76 0.78 0.68

Berjaya Property 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 0.73 0.68 0.69 0.67 0.62

XKLS:4219 vs HON, MMM: Altman Z-Score Comparison

For the Conglomerates subindustry, Berjaya Property 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.


Berjaya Property Bhd Altman Z-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Berjaya Property Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:4219
30GF Score
Berjaya Property Bhd XKLS:4219
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Berjaya Property 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.

Berjaya Property 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*-0.007+1.4*-0.0295+3.3*0.0262+0.6*0.1286+1.0*0.506
=0.62

* 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 RM14,634 Mil.
Total Current Assets was RM3,975 Mil.
Total Current Liabilities was RM4,077 Mil.
Retained Earnings was RM-431 Mil.
Pre-Tax Income was 1.247 + -56.212 + 61.952 + 15.445 = RM22 Mil.
Interest Expense was -91.998 + -84.302 + -88.785 + -95.914 = RM-361 Mil.
Revenue was 1833.89 + 1777.464 + 1882.849 + 1910.209 = RM7,404 Mil.
Market Cap (Today) was RM1,222 Mil.
Total Liabilities was RM9,501 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
=(3974.635 - 4076.979)/14633.84
=-0.007

X2=Retained Earnings/Total Assets
=-431.016/14633.84
=-0.0295

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(22.432 - -360.999)/14633.84
=0.0262

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1222.213/9501.218
=0.1286

X5=Revenue/Total Assets
=7404.412/14633.84
=0.506

The zones of discrimination were as such:

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

Berjaya Property Bhd has a Altman Z-Score of 0.62 indicating it is in Distress 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 0.62 mean?
Berjaya Property Bhd (XKLS:4219) has a Altman Z-Score of 0.62 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Berjaya Property Bhd and its competitors. This is 17% below median its historical median of 0.75. Over the past decade, Berjaya Property Bhd's Altman Z-Score has ranged from 0.52 to 0.97. According to the industry distribution chart, Berjaya Property Bhd ranks #476 out of 547 companies in the Conglomerates industry, placing it in the top 87%.
Is Berjaya Property Bhd's Altman Z-Score too high?
Berjaya Property Bhd's current Altman Z-Score of 0.62 is 17% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 0.97. The Conglomerates industry median Altman Z-Score is 2.07. Berjaya Property Bhd's value of 0.62 is 70% below this industry median. Based on the distribution chart, Berjaya Property Bhd ranks #476 out of 547 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Berjaya Property Bhd has a GF Score™ of 30/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Berjaya Property Bhd's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Berjaya Property Bhd ranks #476 out of 547 companies for Altman Z-Score. This places Berjaya Property Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.07. Berjaya Property Bhd's value of 0.62 is 70% below this benchmark. Historically, Berjaya Property Bhd's own Altman Z-Score has ranged from 0.52 to 0.97 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 2.07, Berjaya Property 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.07, based on 547 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. Berjaya Property Bhd's current Altman Z-Score of 0.62 is 70% 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 Berjaya Property Bhd and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Berjaya Property Bhd's current Altman Z-Score is 0.62, which is 17% below median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Berjaya Property Bhd stock overvalued right now?
Based on GuruFocus' analysis, Berjaya Property Bhd (XKLS:4219) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.29, compared to a current price of RM0.25 — trading 13.8% below its estimated fair value. The current Altman Z-Score is 0.62, which is 17% below median its 10-year median of 0.75 and 70% below the Conglomerates industry median of 2.07. Berjaya Property Bhd's overall GF Score™ is 30/100 with 8 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 Berjaya Property Bhd (XKLS:4219), the current Altman Z-Score is 0.62 as of Jul. 03, 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 Berjaya Property Bhd (XKLS:4219) Overvalued in 2026?

Based on GuruFocus' analysis, Berjaya Property Bhd stock appears to be undervalued. The current stock price of RM0.25 is trading 13.8% below its estimated GF Value™ of RM0.29. GuruFocus considers Berjaya Property Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4219:

  • Altman Z-Score: 0.62 (17% below median its 10-year median of 0.75)
  • GF Value™: RM0.29 vs. price of RM0.25 (13.8% below fair value)
  • GF Score™: 30/100 with 8 warning signs
  • Industry Position: 70% below the Conglomerates median (#476 of 547)

No single metric tells the full story. See the XKLS:4219 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Berjaya Property Bhd Business Description

Address No. 1 Jalan Imbi, Level 12 (East Wing), Berjaya Times Square, Kuala Lumpur, SGR, MYS, 55100
Berjaya Property Bhd, formerly known as Berjaya Land Bhd, is an investment holding company providing management services across gaming, motor retailing, hospitality, recreation, vacation timeshare, and property development. Its key segments include Toto betting and computerized wagering systems; motor vehicle dealership with retail, repairs, maintenance, and aftersales services; property development and leasing of residential and commercial properties; hotel and resort operations; and club, recreation, and vacation timeshare services including air charter. The motor vehicle dealership segment is the main revenue contributor, with operations in Malaysia and internationally.
30GF Score

Get the complete analysis for XKLS:4219

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

RM0.25
Price
RM0.29
GF Value