Harn Len Bhd (XKLS:7501) Altman Z-Score: 2.85 (As of Jun. 30, 2026) — 116% Above Median


XKLS:7501 Harn Len Corp Bhd XKLS:7501
47 GF Score
Price RM0.60
GF Value RM0.59
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Harn Len Bhd Altman Z-Score?

Harn Len Bhd XKLS:7501 47 Altman Z-Score is 2.85 as of Jun. 30, 2026, which is 116% above its 10-year median of 1.32. GuruFocus rates XKLS:7501 with a GF Score™ of 47/100 and a GF Value™ of RM0.59 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,931 Consumer Packaged Goods companies, Harn Len Bhd ranks better than 50.65% 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 2.85 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.

Harn Len Bhd has a Altman Z-Score of 2.85, indicating it is in Grey Zones. This implies that Harn Len 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 Harn Len Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7501' s Altman Z-Score Range Over the Past 10 Years
Min: -0.17   Med: 1.32   Max: 3.06
Current: 2.85

During the past 13 years, Harn Len Bhd's highest Altman Z-Score was 3.06. The lowest was -0.17. And the median was 1.32.


Harn Len Bhd  (XKLS:7501) 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.


Harn Len Bhd Altman Z-Score Related Terms


Harn Len Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Harn Len 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.

Harn Len Bhd Altman Z-Score Chart

Harn Len Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 May24 May25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.09 1.79 1.25 1.50 2.91

Harn Len Bhd Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 1.76 2.91 2.67 2.67 3.06

XKLS:7501 vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, Harn Len 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.


Harn Len Bhd Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Harn Len Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:7501
47GF Score
Harn Len Corp Bhd XKLS:7501
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harn Len 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.

Harn Len 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*0.1234+1.4*0.2548+3.3*0.131+0.6*2.1837+1.0*0.6019
=2.85

* 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 Feb. 2026:
Total Assets was RM531.1 Mil.
Total Current Assets was RM113.7 Mil.
Total Current Liabilities was RM48.2 Mil.
Retained Earnings was RM135.4 Mil.
Pre-Tax Income was 3.197 + 20.906 + 6.895 + 26.64 = RM57.6 Mil.
Interest Expense was -2.671 + -2.705 + -2.762 + -3.781 = RM-11.9 Mil.
Revenue was 73.341 + 95.929 + 79.548 + 70.896 = RM319.7 Mil.
Market Cap (Today) was RM370.0 Mil.
Total Liabilities was RM169.4 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
=(113.741 - 48.2)/531.14
=0.1234

X2=Retained Earnings/Total Assets
=135.35/531.14
=0.2548

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(57.638 - -11.919)/531.14
=0.131

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=370.003/169.438
=2.1837

X5=Revenue/Total Assets
=319.714/531.14
=0.6019

The zones of discrimination were as such:

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

Harn Len Bhd has a Altman Z-Score of 2.85 indicating it is in Grey 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 2.85 mean?
Harn Len Bhd (XKLS:7501) has a Altman Z-Score of 2.85 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Harn Len Bhd and its competitors. This is 116% above median its historical median of 1.32. According to the industry distribution chart, Harn Len Bhd ranks #953 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 49.4%.
Is Harn Len Bhd's Altman Z-Score too high?
Harn Len Bhd's current Altman Z-Score of 2.85 is 116% above median its 10-year median of 1.32. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Harn Len Bhd's value of 2.85 is 0.7% above this industry median. Based on the distribution chart, Harn Len Bhd ranks #953 out of 1931 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Harn Len 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 Harn Len Bhd's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Harn Len Bhd ranks #953 out of 1931 companies for Altman Z-Score. This puts Harn Len Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.83. Harn Len Bhd's value of 2.85 is 0.7% above this benchmark. While the company's 10-year median is 1.32 vs. the industry median of 2.83, Harn Len 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,931 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. Harn Len Bhd's current Altman Z-Score of 2.85 is 0.7% 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 Harn Len Bhd and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harn Len Bhd's current Altman Z-Score is 2.85, which is 116% above median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harn Len Bhd stock overvalued right now?
Based on GuruFocus' analysis, Harn Len Bhd (XKLS:7501) is currently considered Fairly Valued. The stock's GF Value™ is RM0.59, compared to a current price of RM0.60 — trading 1.7% above its estimated fair value. The current Altman Z-Score is 2.85, which is 116% above median its 10-year median of 1.32 and 0.7% above the Consumer Packaged Goods industry median of 2.83. Harn Len Bhd's overall GF Score™ is 47/100 with 1 warning sign 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 Harn Len Bhd (XKLS:7501), the current Altman Z-Score is 2.85 as of Jun. 30, 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 Harn Len Bhd (XKLS:7501) Overvalued in 2026?

Based on GuruFocus' analysis, Harn Len Bhd stock appears to be overvalued. The current stock price of RM0.60 is trading 1.7% above its estimated GF Value™ of RM0.59. GuruFocus considers Harn Len Bhd to be Fairly Valued.

Key valuation signals for XKLS:7501:

  • Altman Z-Score: 2.85 (116% above median its 10-year median of 1.32)
  • GF Value™: RM0.59 vs. price of RM0.60 (1.7% above fair value)
  • GF Score™: 47/100 with 1 warning sign
  • Industry Position: 0.7% above the Consumer Packaged Goods median (#953 of 1931)

No single metric tells the full story. See the XKLS:7501 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harn Len Bhd Business Description

Address 15 Jalan Gereja, 6th Floor, Johor Tower, Ibrahim International Business District, Johor Darul, JHR, MYS, 80888
Harn Len Corp Bhd is involved in the operation of oil palm plantations and oil milling operations. The operating segments of the company are: Plantation and Property & Others. A majority of its revenue is generated from the Plantation segment, which is engaged in the operation of oil palm estates, oil palm mills, sales and purchases of Fresh Fruit Bunches (FFB), cultivation of pineapples, sales and trading of Crude Palm Oil (CPO) and Palm Kernels (PK), and the provision of plantation development contract services. The Property and Others segment is involved in property investment in land, commercial, and industrial buildings. Other business includes the operation of a food and beverage outlet.
47GF Score

Get the complete analysis for XKLS:7501

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

RM0.60
Price
RM0.59
GF Value