What is Malaysia Steel Works (KL) Bhd Shs Altman Z-Score?
Malaysia Steel Works (KL) Bhd ShsXKLS:5098 43 Altman Z-Score is 1.49 as of Jun. 30, 2026, which is 8% below its 10-year median of 1.62. GuruFocus rates XKLS:5098 with a GF Score™ of 43/100 and a GF Value™ of RM0.39 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 610 Steel companies, Malaysia Steel Works (KL) Bhd Shs ranks worse than 74.59% 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 1.49 is in distress zone. This implies bankruptcy possibility in the next two years.
Malaysia Steel Works (KL) Bhd Shs has a Altman Z-Score of 1.49, 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 Malaysia Steel Works (KL) Bhd Shs's Altman Z-Score or its related term are showing as below:
XKLS:5098'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.32 Med: 1.62 Max: 2.46
Current: 1.49
During the past 13 years, Malaysia Steel Works (KL) Bhd Shs's highest Altman Z-Score was 2.46. The lowest was 1.32. And the median was 1.62.
Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) 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.
* 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.
Malaysia Steel Works (KL) Bhd Shs Altman Z-Score Chart
XKLS:5098 vs NUE, STLD, RS: Altman Z-Score Comparison
For the Steel subindustry, Malaysia Steel Works (KL) Bhd Shs'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.
Malaysia Steel Works (KL) Bhd Shs Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Malaysia Steel Works (KL) Bhd Shs's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Malaysia Steel Works (KL) Bhd Shs's Altman Z-Score falls into.
Malaysia Steel Works (KL) Bhd Shs 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.
* 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.
Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) has a Altman Z-Score of 1.49 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Malaysia Steel Works (KL) Bhd Shs and its competitors. This is near median its historical median of 1.62. Over the past decade, Malaysia Steel Works (KL) Bhd Shs' Altman Z-Score has ranged from 1.32 to 2.46. According to the industry distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #455 out of 610 companies in the Steel industry, placing it in the top 74.6%.
Is Malaysia Steel Works (KL) Bhd Shs' Altman Z-Score too high?
Malaysia Steel Works (KL) Bhd Shs' current Altman Z-Score of 1.49 is near median its 10-year median of 1.62. Over the past 10 years, this metric has ranged from a low of 1.32 to a high of 2.46. The Steel industry median Altman Z-Score is 2.45. Malaysia Steel Works (KL) Bhd Shs' value of 1.49 is 39.1% below this industry median. Based on the distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #455 out of 610 companies in the Steel industry, which is below the industry midpoint. Overall, Malaysia Steel Works (KL) Bhd Shs has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Malaysia Steel Works (KL) Bhd Shs' Altman Z-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Malaysia Steel Works (KL) Bhd Shs ranks #455 out of 610 companies for Altman Z-Score. This places Malaysia Steel Works (KL) Bhd Shs in the lower half of its industry. The industry median Altman Z-Score is 2.45. Malaysia Steel Works (KL) Bhd Shs' value of 1.49 is 39.1% below this benchmark. Historically, Malaysia Steel Works (KL) Bhd Shs' own Altman Z-Score has ranged from 1.32 to 2.46 over the past decade. While the company's 10-year median is 1.62 vs. the industry median of 2.45, Malaysia Steel Works (KL) Bhd Shs 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 Steel company?
The median Altman Z-Score among Steel companies is 2.45, based on 610 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. Malaysia Steel Works (KL) Bhd Shs's current Altman Z-Score of 1.49 is 39.1% 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 Malaysia Steel Works (KL) Bhd Shs and its competitors. For the Steel industry, the median Altman Z-Score is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malaysia Steel Works (KL) Bhd Shs's current Altman Z-Score is 1.49, which is near median its own 10-year median of 1.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Steel Works (KL) Bhd Shs stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.39, compared to a current price of RM0.23 — trading 41% below its estimated fair value. The current Altman Z-Score is 1.49, which is near median its 10-year median of 1.62 and 39.1% below the Steel industry median of 2.45. Malaysia Steel Works (KL) Bhd Shs' overall GF Score™ is 43/100 with 7 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 Malaysia Steel Works (KL) Bhd Shs (XKLS:5098), the current Altman Z-Score is 1.49 as of Jun. 30, 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 Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) Overvalued in 2026?
Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs stock appears to be undervalued.
The current stock price of RM0.23 is trading 41% below its estimated GF Value™ of RM0.39.
GuruFocus considers Malaysia Steel Works (KL) Bhd Shs to be Possible Value Trap.
Key valuation signals for XKLS:5098:
Altman Z-Score: 1.49 (near median its 10-year median of 1.62)
GF Value™: RM0.39 vs. price of RM0.23 (41% below fair value)
Industry Position: 39.1% below the Steel median (#455 of 610)
No single metric tells the full story. See the XKLS:5098 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malaysia Steel Works (KL) Bhd Shs Business Description
Malaysia Steel Works (KL) Bhd Shs engages in the manufacturing and marketing of high tensile steel bars, mild steel bars, and prime steel billets. These steel products are used in construction and infrastructure works. The company is organized in one business segment which is the Manufacturing of steel bars and billets. Geographically, the group has a business presence in Malaysia and Outside Malaysia, of which prime revenue is derived from Malaysia.
43GF Score
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