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Citra Nusa Holdings BhdXKLS:5104 +14.29% Altman Z-Score is 2.58 as of Jul. 14, 2026, which is 15% below its 10-year median of 3.02. The stock has 3 warning signs investors should review. Among 551 Conglomerates companies, Citra Nusa Holdings Bhd ranks better than 58.44% 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 2.4 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Citra Nusa Holdings Bhd has a Altman Z-Score of 2.58, indicating it is in Grey Zones. This implies that Citra Nusa Holdings Bhd is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Citra Nusa Holdings Bhd's Altman Z-Score or its related term are showing as below:
XKLS:5104'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.72 Med: 3.02 Max: 5.81
Current: 2.4
During the past 13 years, Citra Nusa Holdings Bhd's highest Altman Z-Score was 5.81. The lowest was 1.72. And the median was 3.02.
Citra Nusa Holdings Bhd (XKLS:5104) 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.
For the Conglomerates subindustry, Citra Nusa Holdings 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.
Citra Nusa Holdings Bhd Altman Z-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Citra Nusa Holdings Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Citra Nusa Holdings Bhd's Altman Z-Score falls into.
Citra Nusa Holdings 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.
* 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.
Citra Nusa Holdings Bhd (XKLS:5104) has a Altman Z-Score of 2.58 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Citra Nusa Holdings Bhd and its competitors. This is 15% below median its historical median of 3.02. Over the past decade, Citra Nusa Holdings Bhd's Altman Z-Score has ranged from 1.72 to 5.81. According to the industry distribution chart, Citra Nusa Holdings Bhd ranks #229 out of 551 companies in the Conglomerates industry, placing it in the top 41.6%.
Is Citra Nusa Holdings Bhd's Altman Z-Score too high?
Citra Nusa Holdings Bhd's current Altman Z-Score of 2.58 is 15% below median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 5.81. The Conglomerates industry median Altman Z-Score is 2.05. Citra Nusa Holdings Bhd's value of 2.58 is 25.9% above this industry median. Based on the distribution chart, Citra Nusa Holdings Bhd ranks #229 out of 551 companies in the Conglomerates industry, which is above the industry midpoint.
How does Citra Nusa Holdings Bhd's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Citra Nusa Holdings Bhd ranks #229 out of 551 companies for Altman Z-Score. This puts Citra Nusa Holdings Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.05. Citra Nusa Holdings Bhd's value of 2.58 is 25.9% above this benchmark. Historically, Citra Nusa Holdings Bhd's own Altman Z-Score has ranged from 1.72 to 5.81 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 2.05, Citra Nusa Holdings 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.05, based on 551 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. Citra Nusa Holdings Bhd's current Altman Z-Score of 2.58 is 25.9% 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 Citra Nusa Holdings Bhd and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citra Nusa Holdings Bhd's current Altman Z-Score is 2.58, which is 15% below median its own 10-year median of 3.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citra Nusa Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Citra Nusa Holdings Bhd (XKLS:5104) is currently considered Fairly Valued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.04 — trading right at its estimated fair value. The current Altman Z-Score is 2.58, which is 15% below median its 10-year median of 3.02 and 25.9% above the Conglomerates industry median of 2.05. 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 Citra Nusa Holdings Bhd (XKLS:5104), the current Altman Z-Score is 2.58 as of Jul. 14, 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.
Citra Nusa Holdings Bhd, formerly CNI Holdings Bhd is engaged in the sale and distribution of health care and consumer products, and manufactures, trades, and packs various kinds of foodstuffs and beverages, household, and personal care products. Its segments include Manufacturing that manufactures, trades, and packs consumer, health, personal care products, food, and beverages; Marketing and trading that sells and distributes health care and consumer products, import and distribution of food ingredients, provides software solution and software research and development, marketing and distributing coffee and other related beverage products; and Others that invests in shares, investment, rent out properties, operates food and beverages outlets and dormant companies.
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