Adventa BhdXKLS:7191 34 Altman Z-Score is 1.82 as of Jun. 29, 2026, which is 44% below its 10-year median of 3.25. GuruFocus rates XKLS:7191 with a GF Score™ of 34/100 and a GF Value™ of RM0.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 808 Medical Devices & Instruments companies, Adventa Bhd ranks worse than 64.85% 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 1.82 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.
Adventa Bhd has a Altman Z-Score of 1.82, indicating it is in Grey Zones. This implies that Adventa 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 Adventa Bhd's Altman Z-Score or its related term are showing as below:
XKLS:7191'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.55 Med: 3.25 Max: 15.64
Current: 1.82
During the past 13 years, Adventa Bhd's highest Altman Z-Score was 15.64. The lowest was 1.55. And the median was 3.25.
Adventa Bhd (XKLS:7191) 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.
Altman Z-Score does not apply to financial companies.
Adventa Bhd Altman Z-Score Related Terms
Adventa Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Adventa 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.
XKLS:7191 vs ISRG, BDX, MDLN: Altman Z-Score Comparison
For the Medical Instruments & Supplies subindustry, Adventa 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.
Adventa Bhd Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Adventa Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Adventa Bhd's Altman Z-Score falls into.
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.
Adventa 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
*
0.35
+
1.4
*
-0.0886
+
3.3
*
-0.051
+
0.6
*
2.0185
+
1.0
*
0.48
=
1.82
* 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.
Adventa Bhd (XKLS:7191) has a Altman Z-Score of 1.82 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Adventa Bhd and its competitors. This is 44% below median its historical median of 3.25. Over the past decade, Adventa Bhd's Altman Z-Score has ranged from 1.55 to 15.64. According to the industry distribution chart, Adventa Bhd ranks #524 out of 808 companies in the Medical Devices & Instruments industry, placing it in the top 64.9%.
Is Adventa Bhd's Altman Z-Score too high?
Adventa Bhd's current Altman Z-Score of 1.82 is 44% below median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 15.64. The Medical Devices & Instruments industry median Altman Z-Score is 2.89. Adventa Bhd's value of 1.82 is 36.9% below this industry median. Based on the distribution chart, Adventa Bhd ranks #524 out of 808 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Adventa Bhd has a GF Score™ of 34/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Adventa Bhd's Altman Z-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Adventa Bhd ranks #524 out of 808 companies for Altman Z-Score. This places Adventa Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.89. Adventa Bhd's value of 1.82 is 36.9% below this benchmark. Historically, Adventa Bhd's own Altman Z-Score has ranged from 1.55 to 15.64 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 2.89, Adventa 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 Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 2.89, based on 808 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. Adventa Bhd's current Altman Z-Score of 1.82 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 Adventa Bhd and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adventa Bhd's current Altman Z-Score is 1.82, which is 44% below median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventa Bhd stock overvalued right now?
Based on GuruFocus' analysis, Adventa Bhd (XKLS:7191) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.24, compared to a current price of RM0.13 — trading 45.8% below its estimated fair value. The current Altman Z-Score is 1.82, which is 44% below median its 10-year median of 3.25 and 36.9% below the Medical Devices & Instruments industry median of 2.89. Adventa 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 Adventa Bhd (XKLS:7191), the current Altman Z-Score is 1.82 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 Adventa Bhd (XKLS:7191) Overvalued in 2026?
Based on GuruFocus' analysis, Adventa Bhd stock appears to be undervalued.
The current stock price of RM0.13 is trading 45.8% below its estimated GF Value™ of RM0.24.
GuruFocus considers Adventa Bhd to be Possible Value Trap.
Key valuation signals for XKLS:7191:
Altman Z-Score: 1.82 (44% below median its 10-year median of 3.25)
GF Value™: RM0.24 vs. price of RM0.13 (45.8% below fair value)
Industry Position: 36.9% below the Medical Devices & Instruments median (#524 of 808)
No single metric tells the full story. See the XKLS:7191 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adventa Bhd is engaged in investment holdings, management services, warehousing services, and the manufacturing, distribution, and supply of medical and healthcare equipment, appliances, and medical disposal products. It operates as a regional healthcare group focused on medical innovation, manufacturing excellence, and patient-centered solutions. Its segments include Investment Holdings, which involves investment in companies; Healthcare Products, which involves the manufacturing and supply of healthcare-related products and services to hospitals, healthcare centres, and pharmacies and generates maximum revenue; and Warehousing Provider, which provides storage and warehousing services. The company generates maximum revenue from Malaysia, followed by Indonesia and other countries.
34GF Score
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