BEDI Bhd (XKLS:6378) Altman Z-Score: 1.88 (As of Jul. 01, 2026) — 1467% Above Median


XKLS:6378 BEDI Bhd XKLS:6378
39 GF Score
Price RM0.50
GF Value RM0.18
Valuation Significantly Overvalued
! 9 Warning Signs
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What is BEDI Bhd Altman Z-Score?

BEDI Bhd XKLS:6378 39 Altman Z-Score is 1.88 as of Jul. 01, 2026, which is 1467% above its 10-year median of 0.12. GuruFocus rates XKLS:6378 with a GF Score™ of 39/100 and a GF Value™ of RM0.18 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 401 Building Materials companies, BEDI Bhd ranks worse than 59.1% 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 1.88 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.

BEDI Bhd has a Altman Z-Score of 1.88, indicating it is in Grey Zones. This implies that BEDI 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 BEDI Bhd's Altman Z-Score or its related term are showing as below:

XKLS:6378' s Altman Z-Score Range Over the Past 10 Years
Min: -0.22   Med: 0.12   Max: 1.88
Current: 1.88

During the past 13 years, BEDI Bhd's highest Altman Z-Score was 1.88. The lowest was -0.22. And the median was 0.12.


BEDI Bhd  (XKLS:6378) 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.


BEDI Bhd Altman Z-Score Related Terms


BEDI Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for BEDI 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.

BEDI Bhd Altman Z-Score Chart

BEDI Bhd Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 -0.03 0.10 0.25 1.75

BEDI 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 1.64 1.23 1.14 1.10 1.75

XKLS:6378 vs CRH, VMC, MLM: Altman Z-Score Comparison

For the Building Materials subindustry, BEDI 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.


BEDI Bhd Altman Z-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, BEDI Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:6378
39GF Score
BEDI Bhd XKLS:6378
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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BEDI 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.

BEDI 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*0.1484+1.4*-0.2008+3.3*0.0556+0.6*2.653+1.0*0.2063
=1.88

* 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 RM362.45 Mil.
Total Current Assets was RM199.63 Mil.
Total Current Liabilities was RM145.84 Mil.
Retained Earnings was RM-72.79 Mil.
Pre-Tax Income was 5.607 + -0.311 + 2.872 + 3.397 = RM11.57 Mil.
Interest Expense was -2.412 + -1.929 + -2.08 + -2.157 = RM-8.58 Mil.
Revenue was 13.713 + 11.533 + 23.82 + 25.704 = RM74.77 Mil.
Market Cap (Today) was RM433.58 Mil.
Total Liabilities was RM163.43 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
=(199.629 - 145.841)/362.45
=0.1484

X2=Retained Earnings/Total Assets
=-72.792/362.45
=-0.2008

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(11.565 - -8.578)/362.45
=0.0556

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=433.575/163.426
=2.653

X5=Revenue/Total Assets
=74.77/362.45
=0.2063

The zones of discrimination were as such:

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

BEDI Bhd has a Altman Z-Score of 1.88 indicating it is in Grey 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 1.88 mean?
BEDI Bhd (XKLS:6378) has a Altman Z-Score of 1.88 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on BEDI Bhd and its competitors. This is 1467% above median its historical median of 0.12. According to the industry distribution chart, BEDI Bhd ranks #237 out of 401 companies in the Building Materials industry, placing it in the top 59.1%.
Is BEDI Bhd's Altman Z-Score too high?
BEDI Bhd's current Altman Z-Score of 1.88 is 1467% above median its 10-year median of 0.12. The Building Materials industry median Altman Z-Score is 2.23. BEDI Bhd's value of 1.88 is 15.7% below this industry median. Based on the distribution chart, BEDI Bhd ranks #237 out of 401 companies in the Building Materials industry, which is below the industry midpoint. Overall, BEDI 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 BEDI Bhd's Altman Z-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, BEDI Bhd ranks #237 out of 401 companies for Altman Z-Score. This places BEDI Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.23. BEDI Bhd's value of 1.88 is 15.7% below this benchmark. While the company's 10-year median is 0.12 vs. the industry median of 2.23, BEDI 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 a Building Materials company?
The median Altman Z-Score among Building Materials companies is 2.23, based on 401 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. BEDI Bhd's current Altman Z-Score of 1.88 is 15.7% 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 BEDI Bhd and its competitors. For the Building Materials industry, the median Altman Z-Score is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BEDI Bhd's current Altman Z-Score is 1.88, which is 1467% above median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BEDI Bhd stock overvalued right now?
Based on GuruFocus' analysis, BEDI Bhd (XKLS:6378) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.18, compared to a current price of RM0.50 — trading 177.8% above its estimated fair value. The current Altman Z-Score is 1.88, which is 1467% above median its 10-year median of 0.12 and 15.7% below the Building Materials industry median of 2.23. BEDI Bhd's overall GF Score™ is 39/100 with 9 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 BEDI Bhd (XKLS:6378), the current Altman Z-Score is 1.88 as of Jul. 01, 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 BEDI Bhd (XKLS:6378) Overvalued in 2026?

Based on GuruFocus' analysis, BEDI Bhd stock appears to be overvalued. The current stock price of RM0.50 is trading 177.8% above its estimated GF Value™ of RM0.18. GuruFocus considers BEDI Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:6378:

  • Altman Z-Score: 1.88 (1467% above median its 10-year median of 0.12)
  • GF Value™: RM0.18 vs. price of RM0.50 (177.8% above fair value)
  • GF Score™: 39/100 with 9 warning signs
  • Industry Position: 15.7% below the Building Materials median (#237 of 401)

No single metric tells the full story. See the XKLS:6378 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BEDI Bhd Business Description

Address Jalan Indah Jaya, Jalan Lintas Selatan, Wisma WMG, Lot 1 & 2, Taman Indah Jaya, Sandakan, SBH, MYS, 90000
BEDI Bhd Formerly WMG Holdings Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the company operates in three reportable segments: the Property development segment, which includes the development of residential and commercial properties; Property letting, and property management; Trading of building materials, which includes wholesaling and retailing of hardware, building materials, and related goods; and the Others segment. Its projects are located in Kota Kinabalu and Sandakan. The majority of the group's revenue is generated from the Property development segment.
39GF Score

Get the complete analysis for XKLS:6378

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

RM0.50
Price
RM0.18
GF Value