Tien Wah Press Holdings Bhd (XKLS:7374) Altman Z-Score: 1.52 (As of Jul. 05, 2026) — Near Median


XKLS:7374 Tien Wah Press Holdings Bhd XKLS:7374
47 GF Score
Price RM0.75
GF Value RM0.80
Valuation Fairly Valued
! 5 Warning Signs
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What is Tien Wah Press Holdings Bhd Altman Z-Score?

Tien Wah Press Holdings Bhd XKLS:7374 47 Altman Z-Score is 1.52 as of Jul. 05, 2026, which is 1% below its 10-year median of 1.53. GuruFocus rates XKLS:7374 with a GF Score™ of 47/100 and a GF Value™ of RM0.80 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,060 Business Services companies, Tien Wah Press Holdings Bhd ranks worse than 74.34% 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 1.52 is in distress zone. This implies bankruptcy possibility in the next two years.

Tien Wah Press Holdings Bhd has a Altman Z-Score of 1.52, 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 Tien Wah Press Holdings Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7374' s Altman Z-Score Range Over the Past 10 Years
Min: 1.13   Med: 1.53   Max: 2.72
Current: 1.52

During the past 13 years, Tien Wah Press Holdings Bhd's highest Altman Z-Score was 2.72. The lowest was 1.13. And the median was 1.53.


Tien Wah Press Holdings Bhd  (XKLS:7374) 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.


Tien Wah Press Holdings Bhd Altman Z-Score Related Terms


Tien Wah Press Holdings Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Tien Wah Press 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.

Tien Wah Press Holdings Bhd Altman Z-Score Chart

Tien Wah Press Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 1.58 1.38 1.30 1.31

Tien Wah Press Holdings 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 1.57 1.52 1.55 1.31 1.53

XKLS:7374 vs CTAS, CPRT, ULS: Altman Z-Score Comparison

For the Specialty Business Services subindustry, Tien Wah Press 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.


Tien Wah Press Holdings Bhd Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Tien Wah Press Holdings Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:7374
47GF Score
Tien Wah Press Holdings Bhd XKLS:7374
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Tien Wah Press 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.

Tien Wah Press 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*0.1228+1.4*0.1788+3.3*0.0289+0.6*0.7377+1.0*0.589
=1.52

* 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 RM441.4 Mil.
Total Current Assets was RM136.0 Mil.
Total Current Liabilities was RM81.8 Mil.
Retained Earnings was RM78.9 Mil.
Pre-Tax Income was -1.714 + 6.161 + 2.645 + 2.646 = RM9.7 Mil.
Interest Expense was -0.91 + 0.106 + -1.082 + -1.139 = RM-3.0 Mil.
Revenue was 50.02 + 61.449 + 74.024 + 74.467 = RM260.0 Mil.
Market Cap (Today) was RM108.6 Mil.
Total Liabilities was RM147.2 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
=(136.018 - 81.8)/441.393
=0.1228

X2=Retained Earnings/Total Assets
=78.931/441.393
=0.1788

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(9.738 - -3.025)/441.393
=0.0289

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=108.557/147.166
=0.7377

X5=Revenue/Total Assets
=259.96/441.393
=0.589

The zones of discrimination were as such:

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

Tien Wah Press Holdings Bhd has a Altman Z-Score of 1.52 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 1.52 mean?
Tien Wah Press Holdings Bhd (XKLS:7374) has a Altman Z-Score of 1.52 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tien Wah Press Holdings Bhd and its competitors. This is near median its historical median of 1.53. Over the past decade, Tien Wah Press Holdings Bhd's Altman Z-Score has ranged from 1.13 to 2.72. According to the industry distribution chart, Tien Wah Press Holdings Bhd ranks #788 out of 1060 companies in the Business Services industry, placing it in the top 74.3%.
Is Tien Wah Press Holdings Bhd's Altman Z-Score too high?
Tien Wah Press Holdings Bhd's current Altman Z-Score of 1.52 is near median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 2.72. The Business Services industry median Altman Z-Score is 2.97. Tien Wah Press Holdings Bhd's value of 1.52 is 48.7% below this industry median. Based on the distribution chart, Tien Wah Press Holdings Bhd ranks #788 out of 1060 companies in the Business Services industry, which is below the industry midpoint. Overall, Tien Wah Press Holdings Bhd has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tien Wah Press Holdings Bhd's Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Tien Wah Press Holdings Bhd ranks #788 out of 1060 companies for Altman Z-Score. This places Tien Wah Press Holdings Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.97. Tien Wah Press Holdings Bhd's value of 1.52 is 48.7% below this benchmark. Historically, Tien Wah Press Holdings Bhd's own Altman Z-Score has ranged from 1.13 to 2.72 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 2.97, Tien Wah Press Holdings 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,060 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. Tien Wah Press Holdings Bhd's current Altman Z-Score of 1.52 is 48.7% 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 Tien Wah Press Holdings Bhd and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tien Wah Press Holdings Bhd's current Altman Z-Score is 1.52, which is near median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tien Wah Press Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tien Wah Press Holdings Bhd (XKLS:7374) is currently considered Fairly Valued. The stock's GF Value™ is RM0.80, compared to a current price of RM0.75 — trading 6.3% below its estimated fair value. The current Altman Z-Score is 1.52, which is near median its 10-year median of 1.53 and 48.7% below the Business Services industry median of 2.97. Tien Wah Press Holdings Bhd's overall GF Score™ is 47/100 with 5 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 Tien Wah Press Holdings Bhd (XKLS:7374), the current Altman Z-Score is 1.52 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 Tien Wah Press Holdings Bhd (XKLS:7374) Overvalued in 2026?

Based on GuruFocus' analysis, Tien Wah Press Holdings Bhd stock appears to be undervalued. The current stock price of RM0.75 is trading 6.3% below its estimated GF Value™ of RM0.80. GuruFocus considers Tien Wah Press Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:7374:

  • Altman Z-Score: 1.52 (near median its 10-year median of 1.53)
  • GF Value™: RM0.80 vs. price of RM0.75 (6.3% below fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 48.7% below the Business Services median (#788 of 1060)

No single metric tells the full story. See the XKLS:7374 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tien Wah Press Holdings Bhd Business Description

Address No. 5, Jalan Prof. Khoo Kay Kim, Lot 03-8, 8th Floor, Menara Symphony, Seksyen 13, Petaling Jaya, SGR, MYS, 46200
Tien Wah Press Holdings Bhd is a print packaging company. It offers a packaging solution and produces mainly gravure and offset printed materials for tobacco packaging, including cigarette packs, fast-moving consumer product packaging, and labels. Products of the group include flat unglued blanks, crash bottom or auto-lock cartons, labeled cartons, cartons with peelable labels/stickers, clamshells, and trays, UV-coated cartons, glued skillet cartons, multiwall cartons comprising inner frames, cartons with CD inserts, and barrier coated carton for grease and moisture resistance. Its geographic segments include Asia Pacific and the Middle East.
47GF Score

Get the complete analysis for XKLS:7374

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

RM0.75
Price
RM0.80
GF Value