EWI Capital Bhd (XKLS:5283) Altman Z-Score: -0.10 (As of Jul. 05, 2026)


XKLS:5283 EWI Capital Bhd XKLS:5283
34 GF Score
Price RM0.19
GF Value RM0.01
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is EWI Capital Bhd Altman Z-Score?

EWI Capital Bhd XKLS:5283 34 Altman Z-Score is -0.10 as of Jul. 05, 2026. GuruFocus rates XKLS:5283 with a GF Score™ of 34/100 and a GF Value™ of RM0.01 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,729 Real Estate companies, EWI Capital Bhd ranks worse than 90.23% 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 -0.1 is in distress zone. This implies bankruptcy possibility in the next two years.

EWI Capital Bhd has a Altman Z-Score of -0.10, 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 EWI Capital Bhd's Altman Z-Score or its related term are showing as below:

XKLS:5283' s Altman Z-Score Range Over the Past 10 Years
Min: -1.61   Med: 1.69   Max: 99.6
Current: -0.1

During the past 12 years, EWI Capital Bhd's highest Altman Z-Score was 99.60. The lowest was -1.61. And the median was 1.69.


EWI Capital Bhd  (XKLS:5283) 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.


EWI Capital Bhd Altman Z-Score Related Terms


EWI Capital Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for EWI Capital 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.

EWI Capital Bhd Altman Z-Score Chart

EWI Capital Bhd Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.44 0.98 35.85 72.47 2.39

EWI Capital Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 90.77 99.60 2.39 1.79 -0.10

EWI Capital Bhd Altman Z-Score Competitor Comparison

For the Real Estate - Diversified subindustry, EWI Capital 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.


EWI Capital Bhd Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, EWI Capital Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:5283
34GF Score
EWI Capital Bhd XKLS:5283
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EWI Capital 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.

EWI Capital 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*0.2679+1.4*0.0826+3.3*-0.491+0.6*1.8066+1.0*0.0031
=-0.10

* 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 Apr. 2026:
Total Assets was RM920.17 Mil.
Total Current Assets was RM295.06 Mil.
Total Current Liabilities was RM48.51 Mil.
Retained Earnings was RM76.05 Mil.
Pre-Tax Income was -30.89 + -10.838 + -405.26 + -7.865 = RM-454.85 Mil.
Interest Expense was -1.995 + -1.092 + 0 + 0 = RM-3.09 Mil.
Revenue was 0 + 0 + 0 + 2.84 = RM2.84 Mil.
Market Cap (Today) was RM444.00 Mil.
Total Liabilities was RM245.77 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
=(295.062 - 48.511)/920.167
=0.2679

X2=Retained Earnings/Total Assets
=76.048/920.167
=0.0826

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-454.853 - -3.087)/920.167
=-0.491

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=444.000/245.767
=1.8066

X5=Revenue/Total Assets
=2.84/920.167
=0.0031

The zones of discrimination were as such:

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

EWI Capital Bhd has a Altman Z-Score of -0.10 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 -0.10 mean?
EWI Capital Bhd (XKLS:5283) has a Altman Z-Score of -0.10 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on EWI Capital Bhd and its competitors. According to the industry distribution chart, EWI Capital Bhd ranks #1560 out of 1729 companies in the Real Estate industry, placing it in the top 90.2%.
Is EWI Capital Bhd's Altman Z-Score too high?
EWI Capital Bhd's current Altman Z-Score is -0.10. Based on the distribution chart, EWI Capital Bhd ranks #1560 out of 1729 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, EWI Capital Bhd has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EWI Capital Bhd's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, EWI Capital Bhd ranks #1560 out of 1729 companies for Altman Z-Score. This places EWI Capital Bhd in the lower half of its industry. The industry median Altman Z-Score is 1.30. 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,729 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. 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 EWI Capital Bhd and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EWI Capital Bhd's current Altman Z-Score is -0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EWI Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, EWI Capital Bhd (XKLS:5283) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.01, compared to a current price of RM0.19 — trading 1750% above its estimated fair value. The current Altman Z-Score is -0.10. EWI Capital Bhd's overall GF Score™ is 34/100 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 EWI Capital Bhd (XKLS:5283), the current Altman Z-Score is -0.10 as of Jul. 05, 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 EWI Capital Bhd (XKLS:5283) Overvalued in 2026?

Based on GuruFocus' analysis, EWI Capital Bhd stock appears to be overvalued. The current stock price of RM0.19 is trading 1750% above its estimated GF Value™ of RM0.01. GuruFocus considers EWI Capital Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5283:

  • Altman Z-Score: -0.10
  • GF Value™: RM0.01 vs. price of RM0.19 (1750% above fair value)
  • GF Score™: 34/100 with 6 warning signs

No single metric tells the full story. See the XKLS:5283 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


EWI Capital Bhd Business Description

Address No. 2, Jalan Hang Tuah, Unit No. 19-05, Menara EcoWorld, Bukit Bintang City Centre, Wilayah Persekutuan, Kuala Lumpur, MYS, 55100
EWI Capital Bhd is principally involved in property development and investment in property development projects. The company's operating and reportable segments are business units functioning in different geographical locations. Its three reportable geographical segments are the United Kingdom, which includes property development activities and the provision of advisory and project monitoring services; Australia, which includes property development activities; and Malaysia, which includes investment holding, promoting, and marketing services activities. The majority of the company's revenue is generated from the Australia segment.
34GF Score

Get the complete analysis for XKLS:5283

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

RM0.19
Price
RM0.01
GF Value