Sarawak Plantation Bhd (XKLS:5135) Altman Z-Score: 4.18 (As of Jul. 16, 2026) — 48% Above Median

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XKLS:5135 Sarawak Plantation Bhd XKLS:5135
65 GF Score
Price RM4.31
GF Value RM2.25
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Sarawak Plantation Bhd Altman Z-Score?

Sarawak Plantation Bhd XKLS:5135 +0.47% 65 Altman Z-Score is 4.18 as of Jul. 16, 2026, which is 48% above its 10-year median of 2.82. GuruFocus rates XKLS:5135 with a GF Score™ of 65/100 and a GF Value™ of RM2.25 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,932 Consumer Packaged Goods companies, Sarawak Plantation Bhd ranks better than 66.87% 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 is strong.

Sarawak Plantation Bhd has a Altman Z-Score of 4.18, 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 Plantation Bhd's Altman Z-Score or its related term are showing as below:

XKLS:5135' s Altman Z-Score Range Over the Past 10 Years
Min: 1.55   Med: 2.82   Max: 4
Current: 4

During the past 13 years, Sarawak Plantation Bhd's highest Altman Z-Score was 4.00. The lowest was 1.55. And the median was 2.82.


Sarawak Plantation Bhd  (XKLS:5135) 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 Plantation Bhd Altman Z-Score Related Terms


Sarawak Plantation Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sarawak Plantation 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 Plantation Bhd Altman Z-Score Chart

Sarawak Plantation 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 3.32 3.38 3.39 3.44 3.62

Sarawak Plantation 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 3.40 3.30 3.43 3.62 3.83

XKLS:5135 vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, Sarawak Plantation 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 Plantation Bhd Altman Z-Score vs Consumer Packaged Goods Industry

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

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


XKLS:5135
65GF Score
Sarawak Plantation Bhd XKLS:5135
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sarawak Plantation 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 Plantation 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*0.2669+1.4*0.4347+3.3*0.1253+0.6*3.9419+1.0*0.4714
=4.18

* 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 RM1,148.2 Mil.
Total Current Assets was RM396.6 Mil.
Total Current Liabilities was RM90.1 Mil.
Retained Earnings was RM499.1 Mil.
Pre-Tax Income was 32.109 + 38.086 + 36.336 + 36.759 = RM143.3 Mil.
Interest Expense was -0.14 + -0.158 + -0.14 + -0.141 = RM-0.6 Mil.
Revenue was 105.18 + 165.44 + 139.678 + 130.975 = RM541.3 Mil.
Market Cap (Today) was RM1,202.6 Mil.
Total Liabilities was RM305.1 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
=(396.61 - 90.096)/1148.216
=0.2669

X2=Retained Earnings/Total Assets
=499.144/1148.216
=0.4347

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(143.29 - -0.579)/1148.216
=0.1253

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1202.629/305.085
=3.9419

X5=Revenue/Total Assets
=541.273/1148.216
=0.4714

The zones of discrimination were as such:

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

Sarawak Plantation Bhd has a Altman Z-Score of 4.18 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 4.18 mean?
Sarawak Plantation Bhd (XKLS:5135) has a Altman Z-Score of 4.18 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sarawak Plantation Bhd and its competitors. This is 48% above median its historical median of 2.82. Over the past decade, Sarawak Plantation Bhd's Altman Z-Score has ranged from 1.55 to 4.00. According to the industry distribution chart, Sarawak Plantation Bhd ranks #640 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 33.1%.
Is Sarawak Plantation Bhd's Altman Z-Score too high?
Sarawak Plantation Bhd's current Altman Z-Score of 4.18 is 48% above median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 4.00. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Sarawak Plantation Bhd's value of 4.18 is 46.7% above this industry median. Based on the distribution chart, Sarawak Plantation Bhd ranks #640 out of 1932 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Sarawak Plantation Bhd has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sarawak Plantation Bhd's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Sarawak Plantation Bhd ranks #640 out of 1932 companies for Altman Z-Score. This puts Sarawak Plantation Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.85. Sarawak Plantation Bhd's value of 4.18 is 46.7% above this benchmark. Historically, Sarawak Plantation Bhd's own Altman Z-Score has ranged from 1.55 to 4.00 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 2.85, Sarawak Plantation 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 Plantation Bhd's current Altman Z-Score of 4.18 is 46.7% 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 Plantation 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 Plantation Bhd's current Altman Z-Score is 4.18, which is 48% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sarawak Plantation Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sarawak Plantation Bhd (XKLS:5135) is currently considered Significantly Overvalued. The stock's GF Value™ is RM2.25, compared to a current price of RM4.31 — trading 91.6% above its estimated fair value. The current Altman Z-Score is 4.18, which is 48% above median its 10-year median of 2.82 and 46.7% above the Consumer Packaged Goods industry median of 2.85. Sarawak Plantation Bhd's overall GF Score™ is 65/100 with 6 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 Plantation Bhd (XKLS:5135), the current Altman Z-Score is 4.18 as of Jul. 16, 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 Plantation Bhd (XKLS:5135) Overvalued in 2026?

Based on GuruFocus' analysis, Sarawak Plantation Bhd stock appears to be overvalued. The current stock price of RM4.31 is trading 91.6% above its estimated GF Value™ of RM2.25. GuruFocus considers Sarawak Plantation Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5135:

  • Altman Z-Score: 4.18 (48% above median its 10-year median of 2.82)
  • GF Value™: RM2.25 vs. price of RM4.31 (91.6% above fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 46.7% above the Consumer Packaged Goods median (#640 of 1932)

No single metric tells the full story. See the XKLS:5135 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sarawak Plantation Bhd Business Description

Address Jalan Permaisuri, Lot 1174, Block 9, Wisma SPB, MCLD Miri Waterfront, Miri, SWK, MYS, 98000
Sarawak Plantation Bhd is an investment holding company. Along with its subsidiaries, it is engaged in the cultivation of oil palm and processing of fresh fruit bunches of oil palm into crude palm oil and palm kernel. Other businesses include the provision of management, marketing, agronomic, and consultancy services, and property investment. The company has three reportable segments: Investment holding, Oil palm operations, and Agronomic/ marketing services and rental. It generates a majority of its revenue from Oil palm operations that include 2 divisions, namely estate operation (Cultivation of oil palm) and mill operation (processing of fresh fruit bunches.
65GF Score

Get the complete analysis for XKLS:5135

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

RM4.31
Price
RM2.25
GF Value