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 2.36 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.
KLCC Property & Holdings Bhd has a Altman Z-Score of 2.38, indicating it is in Grey Zones. This implies that KLCC Property & 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 KLCC Property & Holdings Bhd's Altman Z-Score or its related term are showing as below:
XKLS:5235SS'
s Altman Z-Score Range Over the Past 10 Years
Min: 2 Med: 2.97 Max: 3.76
Current: 2.36
During the past 13 years, KLCC Property & Holdings Bhd's highest Altman Z-Score was 3.76. The lowest was 2.00. And the median was 2.97.
KLCC Property & Holdings Bhd (XKLS:5235SS) 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.
XKLS:5235SS vs VICI, WPC, BNL: Altman Z-Score Comparison
For the REIT - Diversified subindustry, KLCC Property & 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.
KLCC Property & Holdings Bhd Altman Z-Score vs REITs Industry
For the REITs industry and Real Estate sector, KLCC Property & Holdings Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where KLCC Property & Holdings Bhd's Altman Z-Score falls into.
KLCC Property & 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.
KLCC Property & Holdings Bhd (XKLS:5235SS) has a Altman Z-Score of 2.38 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on KLCC Property & Holdings Bhd and its competitors. This is 20% below median its historical median of 2.97. Over the past decade, KLCC Property & Holdings Bhd's Altman Z-Score has ranged from 2.00 to 3.76. According to the industry distribution chart, KLCC Property & Holdings Bhd ranks #155 out of 738 companies in the REITs industry, placing it in the top 21%.
Is KLCC Property & Holdings Bhd's Altman Z-Score too high?
KLCC Property & Holdings Bhd's current Altman Z-Score of 2.38 is 20% below median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 3.76. The REITs industry median Altman Z-Score is 1.09. KLCC Property & Holdings Bhd's value of 2.38 is 119.4% above this industry median. Based on the distribution chart, KLCC Property & Holdings Bhd ranks #155 out of 738 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, KLCC Property & Holdings Bhd has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KLCC Property & Holdings Bhd's Altman Z-Score compare to VICI and WPC?
According to the REITs industry distribution chart, KLCC Property & Holdings Bhd ranks #155 out of 738 companies for Altman Z-Score. This places KLCC Property & Holdings Bhd in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.09. KLCC Property & Holdings Bhd's value of 2.38 is 119.4% above this benchmark. Historically, KLCC Property & Holdings Bhd's own Altman Z-Score has ranged from 2.00 to 3.76 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 1.09, KLCC Property & 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 REITs company?
The median Altman Z-Score among REITs companies is 1.09, based on 738 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. KLCC Property & Holdings Bhd's current Altman Z-Score of 2.38 is 119.4% 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 KLCC Property & Holdings Bhd and its competitors. For the REITs industry, the median Altman Z-Score is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KLCC Property & Holdings Bhd's current Altman Z-Score is 2.38, which is 20% below median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLCC Property & Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, KLCC Property & Holdings Bhd (XKLS:5235SS) is currently considered Fairly Valued. The stock's GF Value™ is RM8.38, compared to a current price of RM9.00 — trading 7.4% above its estimated fair value. The current Altman Z-Score is 2.38, which is 20% below median its 10-year median of 2.97 and 119.4% above the REITs industry median of 1.09. KLCC Property & Holdings Bhd's overall GF Score™ is 86/100 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 KLCC Property & Holdings Bhd (XKLS:5235SS), the current Altman Z-Score is 2.38 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 KLCC Property & Holdings Bhd (XKLS:5235SS) Overvalued in 2026?
Based on GuruFocus' analysis, KLCC Property & Holdings Bhd stock appears to be overvalued.
The current stock price of RM9.00 is trading 7.4% above its estimated GF Value™ of RM8.38.
GuruFocus considers KLCC Property & Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:5235SS:
Altman Z-Score: 2.38 (20% below median its 10-year median of 2.97)
GF Value™: RM8.38 vs. price of RM9.00 (7.4% above fair value)
Industry Position: 119.4% above the REITs median (#155 of 738)
No single metric tells the full story. See the XKLS:5235SS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KLCC Property & Holdings Bhd is a real estate investment company engaged in the ownership, management, and redevelopment of office and retail space in Malaysia. Its property portfolio consists of offices, retail, and hotels. Through its subsidiaries, it also provides facility management services and car parking management services. Its segments are Property investment-Office, which generates maximum revenue, offers rental of office spaces; Property investment-Retail providing rental of retail spaces; Hotel operations providing rental of hotel rooms, the sale of food and beverages and other related activities; and Management services engaged in car park operations, management of a real estate investment trust and general management services. The group geographically operates in Malaysia.
86GF Score
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