Ibraco Bhd (XKLS:5084) Altman Z-Score: 1.75 (As of Jul. 04, 2026) — Near Median


XKLS:5084 Ibraco Bhd XKLS:5084
85 GF Score
Price RM1.20
GF Value RM1.43
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Ibraco Bhd Altman Z-Score?

Ibraco Bhd XKLS:5084 85 Altman Z-Score is 1.75 as of Jul. 04, 2026, which is 6% below its 10-year median of 1.86. GuruFocus rates XKLS:5084 with a GF Score™ of 85/100 and a GF Value™ of RM1.43 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,729 Real Estate companies, Ibraco Bhd ranks better than 63.45% 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.

Warning Sign:

Altman Z-score of 1.75 is in distress zone. This implies bankruptcy possibility in the next two years.

Ibraco Bhd has a Altman Z-Score of 1.75, 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 Ibraco Bhd's Altman Z-Score or its related term are showing as below:

XKLS:5084' s Altman Z-Score Range Over the Past 10 Years
Min: 1.52   Med: 1.86   Max: 2.78
Current: 1.75

During the past 13 years, Ibraco Bhd's highest Altman Z-Score was 2.78. The lowest was 1.52. And the median was 1.86.


Ibraco Bhd  (XKLS:5084) 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.


Ibraco Bhd Altman Z-Score Related Terms


Ibraco Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ibraco 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.

Ibraco Bhd Altman Z-Score Chart

Ibraco Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.91 1.91 1.74 1.79

Ibraco 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 1.77 1.94 1.95 1.79 1.69

Ibraco Bhd Altman Z-Score Competitor Comparison

For the Real Estate - Diversified subindustry, Ibraco 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.


Ibraco Bhd Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ibraco Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:5084
85GF Score
Ibraco Bhd XKLS:5084
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ibraco 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.

Ibraco 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*0.1937+1.4*0.2063+3.3*0.0869+0.6*0.731+1.0*0.4992
=1.75

* 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 RM1,494.0 Mil.
Total Current Assets was RM1,064.6 Mil.
Total Current Liabilities was RM775.2 Mil.
Retained Earnings was RM308.2 Mil.
Pre-Tax Income was 22.093 + 22.449 + 26.36 + 36.973 = RM107.9 Mil.
Interest Expense was -6.592 + -5.004 + -5.051 + -5.298 = RM-21.9 Mil.
Revenue was 160.868 + 189.663 + 202.254 + 193.045 = RM745.8 Mil.
Market Cap (Today) was RM655.3 Mil.
Total Liabilities was RM896.4 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
=(1064.565 - 775.248)/1494.02
=0.1937

X2=Retained Earnings/Total Assets
=308.213/1494.02
=0.2063

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(107.875 - -21.945)/1494.02
=0.0869

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=655.255/896.426
=0.731

X5=Revenue/Total Assets
=745.83/1494.02
=0.4992

The zones of discrimination were as such:

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

Ibraco Bhd has a Altman Z-Score of 1.75 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 1.75 mean?
Ibraco Bhd (XKLS:5084) has a Altman Z-Score of 1.75 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ibraco Bhd and its competitors. This is near median its historical median of 1.86. Over the past decade, Ibraco Bhd's Altman Z-Score has ranged from 1.52 to 2.78. According to the industry distribution chart, Ibraco Bhd ranks #632 out of 1729 companies in the Real Estate industry, placing it in the top 36.6%.
Is Ibraco Bhd's Altman Z-Score too high?
Ibraco Bhd's current Altman Z-Score of 1.75 is near median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 2.78. The Real Estate industry median Altman Z-Score is 1.30. Ibraco Bhd's value of 1.75 is 34.6% above this industry median. Based on the distribution chart, Ibraco Bhd ranks #632 out of 1729 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ibraco Bhd has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ibraco Bhd's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Ibraco Bhd ranks #632 out of 1729 companies for Altman Z-Score. This puts Ibraco Bhd in the upper half of its industry. The industry median Altman Z-Score is 1.30. Ibraco Bhd's value of 1.75 is 34.6% above this benchmark. Historically, Ibraco Bhd's own Altman Z-Score has ranged from 1.52 to 2.78 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 1.30, Ibraco 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,729 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. Ibraco Bhd's current Altman Z-Score of 1.75 is 34.6% 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 Ibraco Bhd and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ibraco Bhd's current Altman Z-Score is 1.75, which is near median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ibraco Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ibraco Bhd (XKLS:5084) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.43, compared to a current price of RM1.20 — trading 16.1% below its estimated fair value. The current Altman Z-Score is 1.75, which is near median its 10-year median of 1.86 and 34.6% above the Real Estate industry median of 1.30. Ibraco Bhd's overall GF Score™ is 85/100 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 Ibraco Bhd (XKLS:5084), the current Altman Z-Score is 1.75 as of Jul. 04, 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 Ibraco Bhd (XKLS:5084) Overvalued in 2026?

Based on GuruFocus' analysis, Ibraco Bhd stock appears to be undervalued. The current stock price of RM1.20 is trading 16.1% below its estimated GF Value™ of RM1.43. GuruFocus considers Ibraco Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5084:

  • Altman Z-Score: 1.75 (near median its 10-year median of 1.86)
  • GF Value™: RM1.43 vs. price of RM1.20 (16.1% below fair value)
  • GF Score™: 85/100 with 8 warning signs
  • Industry Position: 34.6% above the Real Estate median (#632 of 1729)

No single metric tells the full story. See the XKLS:5084 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ibraco Bhd Business Description

Address No.6 The NorthBank, Off Kuching-Samarahan Expressway, Kuching, SWK, MYS, 93350
Ibraco Bhd is an integrated property development company based in Malaysia, with ongoing property development projects in Sarawak and West Malaysia. It is mainly engaged in realty development, investment holding, and clubhouse operation. Its segments include property development, which generates maximum revenue and involves the development and sales of residential and commercial properties; construction works; quarry operation and sales of stone products; manufacturing of ready mixed concrete, premix, and mild steel cement-lined pipe; clubhouse operation; and property holding and management involving property management services and lease of retail and education facilities. All operations of the Company are held in Malaysia.
85GF Score

Get the complete analysis for XKLS:5084

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

RM1.20
Price
RM1.43
GF Value