Sarawak Oil Palms Bhd (XKLS:5126) Altman Z-Score: 4.54 (As of Jul. 14, 2026) — 59% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:5126 Sarawak Oil Palms Bhd XKLS:5126
56 GF Score
Price RM5.15
GF Value RM3.25
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Sarawak Oil Palms Bhd Altman Z-Score?

Sarawak Oil Palms Bhd XKLS:5126 +3.00% 56 Altman Z-Score is 4.54 as of Jul. 14, 2026, which is 59% above its 10-year median of 2.86. GuruFocus rates XKLS:5126 with a GF Score™ of 56/100 and a GF Value™ of RM3.25 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,932 Consumer Packaged Goods companies, Sarawak Oil Palms Bhd ranks better than 71.38% 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 4.48 is strong.

Sarawak Oil Palms Bhd has a Altman Z-Score of 4.54, 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 Sarawak Oil Palms Bhd's Altman Z-Score or its related term are showing as below:

XKLS:5126' s Altman Z-Score Range Over the Past 10 Years
Min: 1.85   Med: 2.86   Max: 4.48
Current: 4.48

During the past 13 years, Sarawak Oil Palms Bhd's highest Altman Z-Score was 4.48. The lowest was 1.85. And the median was 2.86.


Sarawak Oil Palms Bhd  (XKLS:5126) 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.


Sarawak Oil Palms Bhd Altman Z-Score Related Terms


Sarawak Oil Palms Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sarawak Oil Palms 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.

Sarawak Oil Palms Bhd Altman Z-Score Chart

Sarawak Oil Palms 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 3.04 3.58 3.24 4.03 4.07

Sarawak Oil Palms 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 4.18 4.03 4.04 4.07 4.34

XKLS:5126 vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, Sarawak Oil Palms 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.


Sarawak Oil Palms Bhd Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Sarawak Oil Palms Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:5126
56GF Score
Sarawak Oil Palms Bhd XKLS:5126
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sarawak Oil Palms 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.

Sarawak Oil Palms 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*0.3799+1.4*0.556+3.3*0.1059+0.6*3.2982+1.0*0.9741
=4.54

* 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 RM5,821 Mil.
Total Current Assets was RM3,049 Mil.
Total Current Liabilities was RM837 Mil.
Retained Earnings was RM3,237 Mil.
Pre-Tax Income was 98.937 + 213.965 + 152.634 + 129.074 = RM595 Mil.
Interest Expense was -5.424 + -5.829 + -4.998 + -5.294 = RM-22 Mil.
Revenue was 1444.303 + 1583.76 + 1335.488 + 1306.589 = RM5,670 Mil.
Market Cap (Today) was RM4,682 Mil.
Total Liabilities was RM1,420 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
=(3048.611 - 837.184)/5820.73
=0.3799

X2=Retained Earnings/Total Assets
=3236.56/5820.73
=0.556

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(594.61 - -21.545)/5820.73
=0.1059

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4682.205/1419.628
=3.2982

X5=Revenue/Total Assets
=5670.14/5820.73
=0.9741

The zones of discrimination were as such:

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

Sarawak Oil Palms Bhd has a Altman Z-Score of 4.54 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 4.54 mean?
Sarawak Oil Palms Bhd (XKLS:5126) has a Altman Z-Score of 4.54 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sarawak Oil Palms Bhd and its competitors. This is 59% above median its historical median of 2.86. Over the past decade, Sarawak Oil Palms Bhd's Altman Z-Score has ranged from 1.85 to 4.48. According to the industry distribution chart, Sarawak Oil Palms Bhd ranks #553 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 28.6%.
Is Sarawak Oil Palms Bhd's Altman Z-Score too high?
Sarawak Oil Palms Bhd's current Altman Z-Score of 4.54 is 59% above median its 10-year median of 2.86. Over the past 10 years, this metric has ranged from a low of 1.85 to a high of 4.48. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Sarawak Oil Palms Bhd's value of 4.54 is 59.3% above this industry median. Based on the distribution chart, Sarawak Oil Palms Bhd ranks #553 out of 1932 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Sarawak Oil Palms Bhd has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sarawak Oil Palms Bhd's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Sarawak Oil Palms Bhd ranks #553 out of 1932 companies for Altman Z-Score. This puts Sarawak Oil Palms Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.85. Sarawak Oil Palms Bhd's value of 4.54 is 59.3% above this benchmark. Historically, Sarawak Oil Palms Bhd's own Altman Z-Score has ranged from 1.85 to 4.48 over the past decade. While the company's 10-year median is 2.86 vs. the industry median of 2.85, Sarawak Oil Palms 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,932 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. Sarawak Oil Palms Bhd's current Altman Z-Score of 4.54 is 59.3% 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 Sarawak Oil Palms Bhd and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sarawak Oil Palms Bhd's current Altman Z-Score is 4.54, which is 59% above median its own 10-year median of 2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sarawak Oil Palms Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sarawak Oil Palms Bhd (XKLS:5126) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.25, compared to a current price of RM5.15 — trading 58.5% above its estimated fair value. The current Altman Z-Score is 4.54, which is 59% above median its 10-year median of 2.86 and 59.3% above the Consumer Packaged Goods industry median of 2.85. Sarawak Oil Palms Bhd's overall GF Score™ is 56/100 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 Sarawak Oil Palms Bhd (XKLS:5126), the current Altman Z-Score is 4.54 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.

Is Sarawak Oil Palms Bhd (XKLS:5126) Overvalued in 2026?

Based on GuruFocus' analysis, Sarawak Oil Palms Bhd stock appears to be overvalued. The current stock price of RM5.15 is trading 58.5% above its estimated GF Value™ of RM3.25. GuruFocus considers Sarawak Oil Palms Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5126:

  • Altman Z-Score: 4.54 (59% above median its 10-year median of 2.86)
  • GF Value™: RM3.25 vs. price of RM5.15 (58.5% above fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 59.3% above the Consumer Packaged Goods median (#553 of 1932)

No single metric tells the full story. See the XKLS:5126 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sarawak Oil Palms Bhd Business Description

Address No. 124-126, Jalan Bendahara, P.O. Box 547, Miri, SWK, MYS, 98000
Sarawak Oil Palms Bhd is a Malaysia-based company engaged in the principal activities of investment holding, cultivation of oil palms, and operations of palm oil mills. Its reportable segments are Oil palms and Property development. A majority of its revenue is generated from the Oil palms segment, which is engaged in the cultivation of oil palms, processing, refining, and trading of palm products. The Property development segment is involved in the development of residential and commercial properties. Geographically, the group derives maximum revenue from the Asia-Pacific region, followed by Malaysia, and other regions.
56GF Score

Get the complete analysis for XKLS:5126

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

RM5.15
Price
RM3.25
GF Value