ARK Resources Bhd (XKLS:7007) Altman Z-Score: 1.47 (As of Jul. 02, 2026) — Near Median


XKLS:7007 ARK Resources Bhd XKLS:7007
52 GF Score
Price RM0.20
GF Value RM0.23
Valuation Modestly Undervalued
! 2 Warning Signs
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What is ARK Resources Bhd Altman Z-Score?

ARK Resources Bhd XKLS:7007 52 Altman Z-Score is 1.47 as of Jul. 02, 2026, which is 1% above its 10-year median of 1.46. GuruFocus rates XKLS:7007 with a GF Score™ of 52/100 and a GF Value™ of RM0.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,753 Construction companies, ARK Resources Bhd ranks worse than 70.56% 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 1.48 is in distress zone. This implies bankruptcy possibility in the next two years.

ARK Resources Bhd has a Altman Z-Score of 1.47, 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 ARK Resources Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7007' s Altman Z-Score Range Over the Past 10 Years
Min: -0.39   Med: 1.46   Max: 2.77
Current: 1.48

During the past 13 years, ARK Resources Bhd's highest Altman Z-Score was 2.77. The lowest was -0.39. And the median was 1.46.


ARK Resources Bhd  (XKLS:7007) 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.


ARK Resources Bhd Altman Z-Score Related Terms


ARK Resources Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for ARK Resources 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.

ARK Resources Bhd Altman Z-Score Chart

ARK Resources Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 -0.39 1.11 1.72 1.46

ARK Resources 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 1.72 1.71 1.79 1.94 1.46

XKLS:7007 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, ARK Resources 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.


ARK Resources Bhd Altman Z-Score vs Construction Industry

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

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


XKLS:7007
52GF Score
ARK Resources Bhd XKLS:7007
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ARK Resources 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.

ARK Resources 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*0.2877+1.4*-0.3701+3.3*0.0232+0.6*0.3232+1.0*1.3712
=1.47

* 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 RM90.3 Mil.
Total Current Assets was RM87.6 Mil.
Total Current Liabilities was RM61.6 Mil.
Retained Earnings was RM-33.4 Mil.
Pre-Tax Income was 0.396 + 0.303 + 0.606 + 0.793 = RM2.1 Mil.
Interest Expense was 0 + 0 + 0 + 0 = RM0.0 Mil.
Revenue was 31.578 + 22.465 + 46.366 + 23.367 = RM123.8 Mil.
Market Cap (Today) was RM19.9 Mil.
Total Liabilities was RM61.6 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
=(87.571 - 61.599)/90.27
=0.2877

X2=Retained Earnings/Total Assets
=-33.405/90.27
=-0.3701

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.098 - 0)/90.27
=0.0232

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=19.906/61.599
=0.3232

X5=Revenue/Total Assets
=123.776/90.27
=1.3712

The zones of discrimination were as such:

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

ARK Resources Bhd has a Altman Z-Score of 1.47 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 1.47 mean?
ARK Resources Bhd (XKLS:7007) has a Altman Z-Score of 1.47 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ARK Resources Bhd and its competitors. This is near median its historical median of 1.46. According to the industry distribution chart, ARK Resources Bhd ranks #1237 out of 1753 companies in the Construction industry, placing it in the top 70.6%.
Is ARK Resources Bhd's Altman Z-Score too high?
ARK Resources Bhd's current Altman Z-Score of 1.47 is near median its 10-year median of 1.46. The Construction industry median Altman Z-Score is 2.33. ARK Resources Bhd's value of 1.47 is 36.9% below this industry median. Based on the distribution chart, ARK Resources Bhd ranks #1237 out of 1753 companies in the Construction industry, which is below the industry midpoint. Overall, ARK Resources Bhd has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ARK Resources Bhd's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, ARK Resources Bhd ranks #1237 out of 1753 companies for Altman Z-Score. This places ARK Resources Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.33. ARK Resources Bhd's value of 1.47 is 36.9% below this benchmark. While the company's 10-year median is 1.46 vs. the industry median of 2.33, ARK Resources 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 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. ARK Resources Bhd's current Altman Z-Score of 1.47 is 36.9% 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 ARK Resources 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. ARK Resources Bhd's current Altman Z-Score is 1.47, which is near median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARK Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, ARK Resources Bhd (XKLS:7007) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.23, compared to a current price of RM0.20 — trading 13% below its estimated fair value. The current Altman Z-Score is 1.47, which is near median its 10-year median of 1.46 and 36.9% below the Construction industry median of 2.33. ARK Resources Bhd's overall GF Score™ is 52/100 with 2 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 ARK Resources Bhd (XKLS:7007), the current Altman Z-Score is 1.47 as of Jul. 02, 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 ARK Resources Bhd (XKLS:7007) Overvalued in 2026?

Based on GuruFocus' analysis, ARK Resources Bhd stock appears to be undervalued. The current stock price of RM0.20 is trading 13% below its estimated GF Value™ of RM0.23. GuruFocus considers ARK Resources Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7007:

  • Altman Z-Score: 1.47 (near median its 10-year median of 1.46)
  • GF Value™: RM0.23 vs. price of RM0.20 (13% below fair value)
  • GF Score™: 52/100 with 2 warning signs
  • Industry Position: 36.9% below the Construction median (#1237 of 1753)

No single metric tells the full story. See the XKLS:7007 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ARK Resources Bhd Business Description

Address 1-01-9 (1-SKY) Tingkat Mahsuri 2, Bayan Lepas, PNG, MYS, 11950
ARK Resources Bhd is a Malaysia-based company engaged in civil, building construction, engineering works, provision of management services, and investment holding. The operating segments of the group are Property development: Property development activities; Construction: Civil, building construction and engineering work; and Management and investment holding: Investment holding and provision of management services. It generates key revenue from the Construction segment. The group is engaged in property development and construction and its related services in Malaysia.
52GF Score

Get the complete analysis for XKLS:7007

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

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Price
RM0.23
GF Value