AHB Holdings Bhd (XKLS:7315) Altman Z-Score: 11.01 (As of Jul. 02, 2026) — 47% Above Median


What is AHB Holdings Bhd Altman Z-Score?

AHB Holdings Bhd XKLS:7315 +20.00% Altman Z-Score is 11.01 as of Jul. 02, 2026, which is 47% above its 10-year median of 7.50. The stock has 1 warning sign investors should review. Among 547 Conglomerates companies, AHB Holdings Bhd ranks better than 94.88% 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 11.01 is strong.

AHB Holdings Bhd has a Altman Z-Score of 11.01, 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 AHB Holdings Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7315' s Altman Z-Score Range Over the Past 10 Years
Min: 0.58   Med: 7.5   Max: 129.55
Current: 11.01

During the past 13 years, AHB Holdings Bhd's highest Altman Z-Score was 129.55. The lowest was 0.58. And the median was 7.50.


AHB Holdings Bhd  (XKLS:7315) 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.


AHB Holdings Bhd Altman Z-Score Related Terms


AHB Holdings Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for AHB Holdings 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.

AHB Holdings Bhd Altman Z-Score Chart

AHB Holdings Bhd Annual Data
Trend Jun12 Jun13 Jun14 Mar16 Mar17 Mar18 Sep20 Sep21 Sep22 Sep23
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.74 2.22 0.58 2.46 6.03

AHB Holdings Bhd Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 56.19 129.55 8.45 6.22 11.68

XKLS:7315 vs HON, MMM: Altman Z-Score Comparison

For the Conglomerates subindustry, AHB Holdings 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.


AHB Holdings Bhd Altman Z-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, AHB Holdings Bhd's Altman Z-Score distribution charts can be found below:

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



AHB Holdings 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.

AHB Holdings 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*0.5785+1.4*-0.2224+3.3*-0.2503+0.6*17.1794+1.0*1.1409
=11.01

* 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 Sep. 2025:
Total Assets was RM35.16 Mil.
Total Current Assets was RM21.83 Mil.
Total Current Liabilities was RM1.49 Mil.
Retained Earnings was RM-7.82 Mil.
Pre-Tax Income was -6.484 + -0.044 + -0.085 + -2.214 = RM-8.83 Mil.
Interest Expense was -0.003 + -0.025 + 0 + 0 = RM-0.03 Mil.
Revenue was 13.36 + 7.338 + 8.935 + 10.477 = RM40.11 Mil.
Market Cap (Today) was RM25.67 Mil.
Total Liabilities was RM1.49 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
=(21.834 - 1.494)/35.157
=0.5785

X2=Retained Earnings/Total Assets
=-7.818/35.157
=-0.2224

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-8.827 - -0.028)/35.157
=-0.2503

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=25.666/1.494
=17.1794

X5=Revenue/Total Assets
=40.11/35.157
=1.1409

The zones of discrimination were as such:

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

AHB Holdings Bhd has a Altman Z-Score of 11.01 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 11.01 mean?
AHB Holdings Bhd (XKLS:7315) has a Altman Z-Score of 11.01 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on AHB Holdings Bhd and its competitors. This is 47% above median its historical median of 7.50. Over the past decade, AHB Holdings Bhd's Altman Z-Score has ranged from 0.58 to 129.55. According to the industry distribution chart, AHB Holdings Bhd ranks #28 out of 547 companies in the Conglomerates industry, placing it in the top 5.1%.
Is AHB Holdings Bhd's Altman Z-Score too high?
AHB Holdings Bhd's current Altman Z-Score of 11.01 is 47% above median its 10-year median of 7.50. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 129.55. The Conglomerates industry median Altman Z-Score is 2.07. AHB Holdings Bhd's value of 11.01 is 431.9% above this industry median. Based on the distribution chart, AHB Holdings Bhd ranks #28 out of 547 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers.
How does AHB Holdings Bhd's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, AHB Holdings Bhd ranks #28 out of 547 companies for Altman Z-Score. This places AHB Holdings Bhd in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.07. AHB Holdings Bhd's value of 11.01 is 431.9% above this benchmark. Historically, AHB Holdings Bhd's own Altman Z-Score has ranged from 0.58 to 129.55 over the past decade. While the company's 10-year median is 7.50 vs. the industry median of 2.07, AHB Holdings 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.07, based on 547 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. AHB Holdings Bhd's current Altman Z-Score of 11.01 is 431.9% 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 AHB Holdings Bhd and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AHB Holdings Bhd's current Altman Z-Score is 11.01, which is 47% above median its own 10-year median of 7.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AHB Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, AHB Holdings Bhd (XKLS:7315) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.15, compared to a current price of RM0.03 — trading 80% below its estimated fair value. The current Altman Z-Score is 11.01, which is 47% above median its 10-year median of 7.50 and 431.9% above the Conglomerates industry median of 2.07. 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 AHB Holdings Bhd (XKLS:7315), the current Altman Z-Score is 11.01 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.

AHB Holdings Bhd Business Description

Address Jalan P. Ramlee, Office 22D, 22nd Floor, UBN Tower 10, Kuala Lumpur, SGR, MYS, 50250
AHB Holdings Bhd is an investment holding company. The company, through its subsidiaries, is engaged in the trading of office furniture and specialised computer furniture, trading of general merchants, property investment, constructions and development goods, trading of transportation, goods, ware and merchandise and other architectural and engineering activities and related technical consultancy. The company's segment includes Investment holding, Trading, Property Development, and Architectural and Engineering. It derives the majority of its revenue from the Trading segment.