Seremban Engineering Bhd (XKLS:5163) Altman Z-Score: 1.59 (As of Jul. 08, 2026) — 37% Above Median


XKLS:5163 Seremban Engineering Bhd XKLS:5163
39 GF Score
Price RM0.57
GF Value RM0.24
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Seremban Engineering Bhd Altman Z-Score?

Seremban Engineering Bhd XKLS:5163 39 Altman Z-Score is 1.59 as of Jul. 08, 2026, which is 37% above its 10-year median of 1.16. GuruFocus rates XKLS:5163 with a GF Score™ of 39/100 and a GF Value™ of RM0.24 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 3,007 Industrial Products companies, Seremban Engineering Bhd ranks worse than 82.04% 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 1.6 is in distress zone. This implies bankruptcy possibility in the next two years.

Seremban Engineering Bhd has a Altman Z-Score of 1.59, 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 Seremban Engineering Bhd's Altman Z-Score or its related term are showing as below:

XKLS:5163' s Altman Z-Score Range Over the Past 10 Years
Min: 0.39   Med: 1.16   Max: 3.05
Current: 1.6

During the past 13 years, Seremban Engineering Bhd's highest Altman Z-Score was 3.05. The lowest was 0.39. And the median was 1.16.


Seremban Engineering Bhd  (XKLS:5163) 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.


Seremban Engineering Bhd Altman Z-Score Related Terms


Seremban Engineering Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Seremban Engineering 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.

Seremban Engineering Bhd Altman Z-Score Chart

Seremban Engineering Bhd Annual Data
Trend Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.38 2.25 1.97 1.76 1.16

Seremban Engineering 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 1.71 1.16 1.08 1.59 1.63

XKLS:5163 vs CRS, ATI, MLI: Altman Z-Score Comparison

For the Metal Fabrication subindustry, Seremban Engineering 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.


Seremban Engineering Bhd Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Seremban Engineering Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:5163
39GF Score
Seremban Engineering Bhd XKLS:5163
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Seremban Engineering 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.

Seremban Engineering 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*0.1936+1.4*0.0272+3.3*0.1151+0.6*0.4877+1.0*0.6444
=1.59

* 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 RM141.56 Mil.
Total Current Assets was RM117.39 Mil.
Total Current Liabilities was RM89.99 Mil.
Retained Earnings was RM3.85 Mil.
Pre-Tax Income was 0.267 + 10.531 + 0.37 + 0.709 = RM11.88 Mil.
Interest Expense was -1.148 + -1.077 + -1.158 + -1.035 = RM-4.42 Mil.
Revenue was 14.475 + 16.165 + 22.101 + 38.487 = RM91.23 Mil.
Market Cap (Today) was RM45.02 Mil.
Total Liabilities was RM92.31 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
=(117.392 - 89.99)/141.561
=0.1936

X2=Retained Earnings/Total Assets
=3.851/141.561
=0.0272

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(11.877 - -4.418)/141.561
=0.1151

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=45.020/92.306
=0.4877

X5=Revenue/Total Assets
=91.228/141.561
=0.6444

The zones of discrimination were as such:

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

Seremban Engineering Bhd has a Altman Z-Score of 1.59 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 1.59 mean?
Seremban Engineering Bhd (XKLS:5163) has a Altman Z-Score of 1.59 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Seremban Engineering Bhd and its competitors. This is 37% above median its historical median of 1.16. Over the past decade, Seremban Engineering Bhd's Altman Z-Score has ranged from 0.39 to 3.05. According to the industry distribution chart, Seremban Engineering Bhd ranks #2467 out of 3007 companies in the Industrial Products industry, placing it in the top 82%.
Is Seremban Engineering Bhd's Altman Z-Score too high?
Seremban Engineering Bhd's current Altman Z-Score of 1.59 is 37% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 3.05. The Industrial Products industry median Altman Z-Score is 3.38. Seremban Engineering Bhd's value of 1.59 is 53% below this industry median. Based on the distribution chart, Seremban Engineering Bhd ranks #2467 out of 3007 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Seremban Engineering Bhd has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seremban Engineering Bhd's Altman Z-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Seremban Engineering Bhd ranks #2467 out of 3007 companies for Altman Z-Score. This places Seremban Engineering Bhd in the lower half of its industry. The industry median Altman Z-Score is 3.38. Seremban Engineering Bhd's value of 1.59 is 53% below this benchmark. Historically, Seremban Engineering Bhd's own Altman Z-Score has ranged from 0.39 to 3.05 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 3.38, Seremban Engineering Bhd 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.38, based on 3,007 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. Seremban Engineering Bhd's current Altman Z-Score of 1.59 is 53% 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 Seremban Engineering Bhd and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seremban Engineering Bhd's current Altman Z-Score is 1.59, which is 37% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seremban Engineering Bhd stock overvalued right now?
Based on GuruFocus' analysis, Seremban Engineering Bhd (XKLS:5163) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.24, compared to a current price of RM0.57 — trading 135.4% above its estimated fair value. The current Altman Z-Score is 1.59, which is 37% above median its 10-year median of 1.16 and 53% below the Industrial Products industry median of 3.38. Seremban Engineering Bhd's overall GF Score™ is 39/100 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 Seremban Engineering Bhd (XKLS:5163), the current Altman Z-Score is 1.59 as of Jul. 08, 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 Seremban Engineering Bhd (XKLS:5163) Overvalued in 2026?

Based on GuruFocus' analysis, Seremban Engineering Bhd stock appears to be overvalued. The current stock price of RM0.57 is trading 135.4% above its estimated GF Value™ of RM0.24. GuruFocus considers Seremban Engineering Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5163:

  • Altman Z-Score: 1.59 (37% above median its 10-year median of 1.16)
  • GF Value™: RM0.24 vs. price of RM0.57 (135.4% above fair value)
  • GF Score™: 39/100 with 8 warning signs
  • Industry Position: 53% below the Industrial Products median (#2467 of 3007)

No single metric tells the full story. See the XKLS:5163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seremban Engineering Bhd Business Description

Address Lot 1A - 1C, Lorong Bunga Tanjung 1/3, Senawang Industrial Park, Seremban, NSN, MYS, 70400
Seremban Engineering Bhd is engaged in providing engineering services including fabrication, engineering support, maintenance, and shutdown work for oil and fats, palm oil refineries, water treatment, food, chemical plants, and oil and gas industries. The products and services provided by the company include the Design, fabrication, and installation of unfired pressure vessels, reactors, heat exchangers, oil heaters, towers and columns, deodorisers, and receiver tanks, Fabrication and erection of steel structures and platforms and the Fabrication and piping works. Geographically, the company operates in Asia, Europe, Malaysia, and Singapore of which Malaysia generates the maximum revenue.
39GF Score

Get the complete analysis for XKLS:5163

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

RM0.57
Price
RM0.24
GF Value