SHH Resources Holdings Bhd (XKLS:7412) Altman Z-Score: 6.52 (As of Jul. 05, 2026) — 64% Above Median


XKLS:7412 SHH Resources Holdings Bhd XKLS:7412
46 GF Score
Price RM1.17
GF Value RM0.82
Valuation Significantly Overvalued
! 3 Warning Signs
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What is SHH Resources Holdings Bhd Altman Z-Score?

SHH Resources Holdings Bhd XKLS:7412 +0.86% 46 Altman Z-Score is 6.52 as of Jul. 05, 2026, which is 64% above its 10-year median of 3.98. GuruFocus rates XKLS:7412 with a GF Score™ of 46/100 and a GF Value™ of RM0.82 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, SHH Resources Holdings Bhd ranks better than 85.92% 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 6.52 is strong.

SHH Resources Holdings Bhd has a Altman Z-Score of 6.52, 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 SHH Resources Holdings Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7412' s Altman Z-Score Range Over the Past 10 Years
Min: 1.92   Med: 3.98   Max: 7.26
Current: 6.52

During the past 13 years, SHH Resources Holdings Bhd's highest Altman Z-Score was 7.26. The lowest was 1.92. And the median was 3.98.


SHH Resources Holdings Bhd  (XKLS:7412) 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.


SHH Resources Holdings Bhd Altman Z-Score Related Terms


SHH Resources Holdings Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for SHH Resources 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.

SHH Resources Holdings Bhd Altman Z-Score Chart

SHH Resources Holdings Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.34 2.97 4.30 6.42 6.62

SHH Resources 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 6.19 6.62 7.26 6.62 5.70

XKLS:7412 vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, SHH Resources 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.


SHH Resources Holdings Bhd Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, SHH Resources Holdings Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:7412
46GF Score
SHH Resources Holdings Bhd XKLS:7412
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SHH Resources 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.

SHH Resources 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*0.3604+1.4*0.2859+3.3*-0.0875+0.6*8.9644+1.0*0.6
=6.52

* 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 RM88.29 Mil.
Total Current Assets was RM42.67 Mil.
Total Current Liabilities was RM10.85 Mil.
Retained Earnings was RM25.24 Mil.
Pre-Tax Income was -3.029 + -1.135 + -1.075 + -2.676 = RM-7.92 Mil.
Interest Expense was -0.034 + -0.042 + -0.05 + -0.062 = RM-0.19 Mil.
Revenue was 10.986 + 15.332 + 17.173 + 9.481 = RM52.97 Mil.
Market Cap (Today) was RM116.99 Mil.
Total Liabilities was RM13.05 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
=(42.672 - 10.848)/88.292
=0.3604

X2=Retained Earnings/Total Assets
=25.243/88.292
=0.2859

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-7.915 - -0.188)/88.292
=-0.0875

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=116.994/13.051
=8.9644

X5=Revenue/Total Assets
=52.972/88.292
=0.6

The zones of discrimination were as such:

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

SHH Resources Holdings Bhd has a Altman Z-Score of 6.52 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 6.52 mean?
SHH Resources Holdings Bhd (XKLS:7412) has a Altman Z-Score of 6.52 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SHH Resources Holdings Bhd and its competitors. This is 64% above median its historical median of 3.98. Over the past decade, SHH Resources Holdings Bhd's Altman Z-Score has ranged from 1.92 to 7.26. According to the industry distribution chart, SHH Resources Holdings Bhd ranks #60 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 14.1%.
Is SHH Resources Holdings Bhd's Altman Z-Score too high?
SHH Resources Holdings Bhd's current Altman Z-Score of 6.52 is 64% above median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 1.92 to a high of 7.26. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.81. SHH Resources Holdings Bhd's value of 6.52 is 132.4% above this industry median. Based on the distribution chart, SHH Resources Holdings Bhd ranks #60 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, SHH Resources Holdings Bhd has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHH Resources Holdings Bhd's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, SHH Resources Holdings Bhd ranks #60 out of 426 companies for Altman Z-Score. This places SHH Resources Holdings Bhd in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.81. SHH Resources Holdings Bhd's value of 6.52 is 132.4% above this benchmark. Historically, SHH Resources Holdings Bhd's own Altman Z-Score has ranged from 1.92 to 7.26 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 2.81, SHH Resources 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.81, based on 426 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. SHH Resources Holdings Bhd's current Altman Z-Score of 6.52 is 132.4% 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 SHH Resources Holdings Bhd and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHH Resources Holdings Bhd's current Altman Z-Score is 6.52, which is 64% above median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHH Resources Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, SHH Resources Holdings Bhd (XKLS:7412) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.82, compared to a current price of RM1.17 — trading 42.7% above its estimated fair value. The current Altman Z-Score is 6.52, which is 64% above median its 10-year median of 3.98 and 132.4% above the Furnishings, Fixtures & Appliances industry median of 2.81. SHH Resources Holdings Bhd's overall GF Score™ is 46/100 with 3 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 SHH Resources Holdings Bhd (XKLS:7412), the current Altman Z-Score is 6.52 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 SHH Resources Holdings Bhd (XKLS:7412) Overvalued in 2026?

Based on GuruFocus' analysis, SHH Resources Holdings Bhd stock appears to be overvalued. The current stock price of RM1.17 is trading 42.7% above its estimated GF Value™ of RM0.82. GuruFocus considers SHH Resources Holdings Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:7412:

  • Altman Z-Score: 6.52 (64% above median its 10-year median of 3.98)
  • GF Value™: RM0.82 vs. price of RM1.17 (42.7% above fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 132.4% above the Furnishings, Fixtures & Appliances median (#60 of 426)

No single metric tells the full story. See the XKLS:7412 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SHH Resources Holdings Bhd Business Description

Address PLO 1, Kawasan Perindustrian Pagoh, Pagoh, Muar, JHR, MYS, 84600
SHH Resources Holdings Bhd is an investment holding company. Along with its subsidiaries, the company operates in the following reportable segments; Wooden furniture and Property development. It generates maximum revenue from the Wooden furniture segment, which is engaged in the manufacture and trading of wooden furniture. The company's products are divided mainly into two categories, namely bedroom suites and dining furniture, comprising of products like beds, dressers, mirrors, nightstands, dining tables, chairs, servers, buffets and hutches, and sofas among others. Geographically, it derives a majority of its revenue from its customers in the United States and the rest from the United Arab Emirates, Saudi Arabia, and Malaysia.
46GF Score

Get the complete analysis for XKLS:7412

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

RM1.17
Price
RM0.82
GF Value