Sunway Construction Group Bhd (XKLS:5263) Altman Z-Score: 3.32 (As of Jun. 29, 2026) — 10% Above Median


XKLS:5263 Sunway Construction Group Bhd XKLS:5263
90 GF Score
Price RM7.32
GF Value RM5.97
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Sunway Construction Group Bhd Altman Z-Score?

Sunway Construction Group Bhd XKLS:5263 -2.01% 90 Altman Z-Score is 3.32 as of Jun. 29, 2026, which is 10% above its 10-year median of 3.02. GuruFocus rates XKLS:5263 with a GF Score™ of 90/100 and a GF Value™ of RM5.97 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,753 Construction companies, Sunway Construction Group Bhd ranks better than 69.99% 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 3.32 is strong.

Sunway Construction Group Bhd has a Altman Z-Score of 3.32, 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 Sunway Construction Group Bhd's Altman Z-Score or its related term are showing as below:

XKLS:5263' s Altman Z-Score Range Over the Past 10 Years
Min: 2.24   Med: 3.02   Max: 4.11
Current: 3.32

During the past 13 years, Sunway Construction Group Bhd's highest Altman Z-Score was 4.11. The lowest was 2.24. And the median was 3.02.


Sunway Construction Group Bhd  (XKLS:5263) 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.


Sunway Construction Group Bhd Altman Z-Score Related Terms


Sunway Construction Group Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sunway Construction Group 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.

Sunway Construction Group Bhd Altman Z-Score Chart

Sunway Construction Group 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 2.63 2.72 2.28 2.97 3.10

Sunway Construction Group 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 3.05 2.93 2.91 3.10 3.11

XKLS:5263 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Sunway Construction Group 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.


Sunway Construction Group Bhd Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Sunway Construction Group Bhd's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Sunway Construction Group Bhd's Altman Z-Score falls into.


XKLS:5263
90GF Score
Sunway Construction Group Bhd XKLS:5263
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sunway Construction Group 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.

Sunway Construction Group 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*0.065+1.4*0.0973+3.3*0.1327+0.6*2.6384+1.0*1.0876
=3.32

* 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 RM4,561 Mil.
Total Current Assets was RM3,837 Mil.
Total Current Liabilities was RM3,540 Mil.
Retained Earnings was RM444 Mil.
Pre-Tax Income was 154.687 + 162.632 + 127.059 + 122.617 = RM567 Mil.
Interest Expense was -4.407 + -7.578 + -13.647 + -12.773 = RM-38 Mil.
Revenue was 1022.687 + 1016.094 + 1445.192 + 1476.91 = RM4,961 Mil.
Market Cap (Today) was RM9,718 Mil.
Total Liabilities was RM3,683 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
=(3836.651 - 3540.315)/4561.131
=0.065

X2=Retained Earnings/Total Assets
=444.021/4561.131
=0.0973

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(566.995 - -38.405)/4561.131
=0.1327

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=9717.502/3683.085
=2.6384

X5=Revenue/Total Assets
=4960.883/4561.131
=1.0876

The zones of discrimination were as such:

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

Sunway Construction Group Bhd has a Altman Z-Score of 3.32 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 3.32 mean?
Sunway Construction Group Bhd (XKLS:5263) has a Altman Z-Score of 3.32 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sunway Construction Group Bhd and its competitors. This is 10% above median its historical median of 3.02. Over the past decade, Sunway Construction Group Bhd's Altman Z-Score has ranged from 2.24 to 4.11. According to the industry distribution chart, Sunway Construction Group Bhd ranks #526 out of 1753 companies in the Construction industry, placing it in the top 30%.
Is Sunway Construction Group Bhd's Altman Z-Score too high?
Sunway Construction Group Bhd's current Altman Z-Score of 3.32 is 10% above median its 10-year median of 3.02. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 4.11. The Construction industry median Altman Z-Score is 2.33. Sunway Construction Group Bhd's value of 3.32 is 42.5% above this industry median. Based on the distribution chart, Sunway Construction Group Bhd ranks #526 out of 1753 companies in the Construction industry, which is above the industry midpoint. Overall, Sunway Construction Group Bhd has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sunway Construction Group Bhd's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Sunway Construction Group Bhd ranks #526 out of 1753 companies for Altman Z-Score. This puts Sunway Construction Group Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.33. Sunway Construction Group Bhd's value of 3.32 is 42.5% above this benchmark. Historically, Sunway Construction Group Bhd's own Altman Z-Score has ranged from 2.24 to 4.11 over the past decade. While the company's 10-year median is 3.02 vs. the industry median of 2.33, Sunway Construction Group 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,753 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. Sunway Construction Group Bhd's current Altman Z-Score of 3.32 is 42.5% 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 Sunway Construction Group Bhd and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunway Construction Group Bhd's current Altman Z-Score is 3.32, which is 10% above 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 Sunway Construction Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sunway Construction Group Bhd (XKLS:5263) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.97, compared to a current price of RM7.32 — trading 22.6% above its estimated fair value. The current Altman Z-Score is 3.32, which is 10% above median its 10-year median of 3.02 and 42.5% above the Construction industry median of 2.33. Sunway Construction Group Bhd's overall GF Score™ is 90/100 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 Sunway Construction Group Bhd (XKLS:5263), the current Altman Z-Score is 3.32 as of Jun. 29, 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 Sunway Construction Group Bhd (XKLS:5263) Overvalued in 2026?

Based on GuruFocus' analysis, Sunway Construction Group Bhd stock appears to be overvalued. The current stock price of RM7.32 is trading 22.6% above its estimated GF Value™ of RM5.97. GuruFocus considers Sunway Construction Group Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5263:

  • Altman Z-Score: 3.32 (10% above median its 10-year median of 3.02)
  • GF Value™: RM5.97 vs. price of RM7.32 (22.6% above fair value)
  • GF Score™: 90/100 with 7 warning signs
  • Industry Position: 42.5% above the Construction median (#526 of 1753)

No single metric tells the full story. See the XKLS:5263 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sunway Construction Group Bhd Business Description

Address Jalan Lagoon Timur, Levels 7, 8, 9, Menara Sunway, Bandar Sunway, Subang Jaya, SGR, MYS, 47500
Sunway Construction Group Bhd is a construction company. It provides design and construction services including building, civil engineering, infrastructure, mechanical, electrical, and plumbing (MEP) services and supply and installation of pre-cast concrete products. Its operations cover Malaysia, Singapore, the Middle East, and India. The operating segments of the company are Construction and Precast concrete. The maximum revenue is generated from the Construction segment. Geographically, the company operates in Malaysia, Singapore, India, Trinidad & Tobago, and United Arab Emirates.
90GF Score

Get the complete analysis for XKLS:5263

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

RM7.32
Price
RM5.97
GF Value