DKLS Industries Bhd (XKLS:7528) Altman Z-Score: 2.82 (As of Jun. 30, 2026) — 26% Above Median


XKLS:7528 DKLS Industries Bhd XKLS:7528
72 GF Score
Price RM1.42
GF Value RM1.78
Valuation Modestly Undervalued
! 3 Warning Signs
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What is DKLS Industries Bhd Altman Z-Score?

DKLS Industries Bhd XKLS:7528 72 Altman Z-Score is 2.82 as of Jun. 30, 2026, which is 26% above its 10-year median of 2.23. GuruFocus rates XKLS:7528 with a GF Score™ of 72/100 and a GF Value™ of RM1.78 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,752 Construction companies, DKLS Industries Bhd ranks better than 60.9% 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 2.82 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.

DKLS Industries Bhd has a Altman Z-Score of 2.82, indicating it is in Grey Zones. This implies that DKLS Industries 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 DKLS Industries Bhd's Altman Z-Score or its related term are showing as below:

XKLS:7528' s Altman Z-Score Range Over the Past 10 Years
Min: 1.54   Med: 2.23   Max: 4.14
Current: 2.82

During the past 13 years, DKLS Industries Bhd's highest Altman Z-Score was 4.14. The lowest was 1.54. And the median was 2.23.


DKLS Industries Bhd  (XKLS:7528) 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.


DKLS Industries Bhd Altman Z-Score Related Terms


DKLS Industries Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for DKLS Industries 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.

DKLS Industries Bhd Altman Z-Score Chart

DKLS Industries 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 2.40 3.11 3.80 3.87 3.10

DKLS Industries 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 3.89 3.75 4.14 3.10 2.96

XKLS:7528 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, DKLS Industries 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.


DKLS Industries Bhd Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, DKLS Industries Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:7528
72GF Score
DKLS Industries Bhd XKLS:7528
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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DKLS Industries 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.

DKLS Industries 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*0.384+1.4*0.6957+3.3*0.0524+0.6*1.5368+1.0*0.2904
=2.82

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was RM579.9 Mil.
Total Current Assets was RM286.1 Mil.
Total Current Liabilities was RM63.4 Mil.
Retained Earnings was RM403.5 Mil.
Pre-Tax Income was 3.927 + 9.256 + 8.397 + 7.198 = RM28.8 Mil.
Interest Expense was -0.737 + -0.311 + -0.271 + -0.275 = RM-1.6 Mil.
Revenue was 36.084 + 49.372 + 46.025 + 36.906 = RM168.4 Mil.
Market Cap (Today) was RM131.6 Mil.
Total Liabilities was RM85.7 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
=(286.112 - 63.404)/579.905
=0.384

X2=Retained Earnings/Total Assets
=403.468/579.905
=0.6957

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(28.778 - -1.594)/579.905
=0.0524

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=131.633/85.656
=1.5368

X5=Revenue/Total Assets
=168.387/579.905
=0.2904

The zones of discrimination were as such:

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

DKLS Industries Bhd has a Altman Z-Score of 2.82 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 2.82 mean?
DKLS Industries Bhd (XKLS:7528) has a Altman Z-Score of 2.82 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on DKLS Industries Bhd and its competitors. This is 26% above median its historical median of 2.23. Over the past decade, DKLS Industries Bhd's Altman Z-Score has ranged from 1.54 to 4.14. According to the industry distribution chart, DKLS Industries Bhd ranks #685 out of 1752 companies in the Construction industry, placing it in the top 39.1%.
Is DKLS Industries Bhd's Altman Z-Score too high?
DKLS Industries Bhd's current Altman Z-Score of 2.82 is 26% above median its 10-year median of 2.23. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 4.14. The Construction industry median Altman Z-Score is 2.33. DKLS Industries Bhd's value of 2.82 is 21% above this industry median. Based on the distribution chart, DKLS Industries Bhd ranks #685 out of 1752 companies in the Construction industry, which is above the industry midpoint. Overall, DKLS Industries Bhd has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DKLS Industries Bhd's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, DKLS Industries Bhd ranks #685 out of 1752 companies for Altman Z-Score. This puts DKLS Industries Bhd in the upper half of its industry. The industry median Altman Z-Score is 2.33. DKLS Industries Bhd's value of 2.82 is 21% above this benchmark. Historically, DKLS Industries Bhd's own Altman Z-Score has ranged from 1.54 to 4.14 over the past decade. While the company's 10-year median is 2.23 vs. the industry median of 2.33, DKLS Industries 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,752 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. DKLS Industries Bhd's current Altman Z-Score of 2.82 is 21% 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 DKLS Industries Bhd and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DKLS Industries Bhd's current Altman Z-Score is 2.82, which is 26% above median its own 10-year median of 2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKLS Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, DKLS Industries Bhd (XKLS:7528) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.78, compared to a current price of RM1.42 — trading 20.2% below its estimated fair value. The current Altman Z-Score is 2.82, which is 26% above median its 10-year median of 2.23 and 21% above the Construction industry median of 2.33. DKLS Industries Bhd's overall GF Score™ is 72/100 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 DKLS Industries Bhd (XKLS:7528), the current Altman Z-Score is 2.82 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 DKLS Industries Bhd (XKLS:7528) Overvalued in 2026?

Based on GuruFocus' analysis, DKLS Industries Bhd stock appears to be undervalued. The current stock price of RM1.42 is trading 20.2% below its estimated GF Value™ of RM1.78. GuruFocus considers DKLS Industries Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:7528:

  • Altman Z-Score: 2.82 (26% above median its 10-year median of 2.23)
  • GF Value™: RM1.78 vs. price of RM1.42 (20.2% below fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 21% above the Construction median (#685 of 1752)

No single metric tells the full story. See the XKLS:7528 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DKLS Industries Bhd Business Description

Address Jalan Dato Seri Ahmad Said, 16th Floor & Penthouse, Ipoh Tower, Ipoh, PRK, MYS, 30450
DKLS Industries Bhd is a company involved in the engineering and construction business sector. The company has various business segments, including Investment, Construction, Property development, quarry, Utilities, and Others. The company derives maximum revenue from the Quarry segment. Geographically company operates in Malaysia and the Lao People's Democratic Republic, out of which Malaysia accounts for the majority of revenue.
72GF Score

Get the complete analysis for XKLS:7528

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

RM1.42
Price
RM1.78
GF Value