Mercury Industries Bhd (XKLS:8192) Altman Z-Score: 1.23 (As of Jun. 30, 2026) — 27% Above Median


XKLS:8192 Mercury Industries Bhd XKLS:8192
55 GF Score
Price RM0.66
GF Value RM6.61
Valuation Possible Value Trap
! 3 Warning Signs
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What is Mercury Industries Bhd Altman Z-Score?

Mercury Industries Bhd XKLS:8192 55 Altman Z-Score is 1.23 as of Jun. 30, 2026, which is 27% above its 10-year median of 0.97. GuruFocus rates XKLS:8192 with a GF Score™ of 55/100 and a GF Value™ of RM6.61 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,752 Construction companies, Mercury Industries Bhd ranks worse than 76.31% 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 1.23 is in distress zone. This implies bankruptcy possibility in the next two years.

Mercury Industries Bhd has a Altman Z-Score of 1.23, 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 Mercury Industries Bhd's Altman Z-Score or its related term are showing as below:

XKLS:8192' s Altman Z-Score Range Over the Past 10 Years
Min: -2.25   Med: 0.97   Max: 2.03
Current: 1.23

During the past 13 years, Mercury Industries Bhd's highest Altman Z-Score was 2.03. The lowest was -2.25. And the median was 0.97.


Mercury Industries Bhd  (XKLS:8192) 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.


Mercury Industries Bhd Altman Z-Score Related Terms


Mercury Industries Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Mercury 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.

Mercury Industries Bhd Altman Z-Score Chart

Mercury Industries Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.23 -1.98 1.18 0.93 1.40

Mercury Industries Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.57 1.40 1.69 1.42 1.26

XKLS:8192 vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Mercury 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.


Mercury Industries Bhd Altman Z-Score vs Construction Industry

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

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


XKLS:8192
55GF Score
Mercury Industries Bhd XKLS:8192
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercury 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.

Mercury 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*0.1317+1.4*-0.2564+3.3*0.1715+0.6*0.7072+1.0*0.4428
=1.23

* 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 RM120.86 Mil.
Total Current Assets was RM78.76 Mil.
Total Current Liabilities was RM62.84 Mil.
Retained Earnings was RM-30.99 Mil.
Pre-Tax Income was 1.716 + 2.416 + 2.215 + 11.056 = RM17.40 Mil.
Interest Expense was -0.306 + -0.108 + -0.097 + -2.81 = RM-3.32 Mil.
Revenue was 14.737 + 14.479 + 15.207 + 9.092 = RM53.52 Mil.
Market Cap (Today) was RM46.68 Mil.
Total Liabilities was RM66.01 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
=(78.761 - 62.843)/120.858
=0.1317

X2=Retained Earnings/Total Assets
=-30.985/120.858
=-0.2564

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(17.403 - -3.321)/120.858
=0.1715

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=46.682/66.008
=0.7072

X5=Revenue/Total Assets
=53.515/120.858
=0.4428

The zones of discrimination were as such:

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

Mercury Industries Bhd has a Altman Z-Score of 1.23 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 1.23 mean?
Mercury Industries Bhd (XKLS:8192) has a Altman Z-Score of 1.23 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mercury Industries Bhd and its competitors. This is 27% above median its historical median of 0.97. According to the industry distribution chart, Mercury Industries Bhd ranks #1337 out of 1752 companies in the Construction industry, placing it in the top 76.3%.
Is Mercury Industries Bhd's Altman Z-Score too high?
Mercury Industries Bhd's current Altman Z-Score of 1.23 is 27% above median its 10-year median of 0.97. The Construction industry median Altman Z-Score is 2.33. Mercury Industries Bhd's value of 1.23 is 47.2% below this industry median. Based on the distribution chart, Mercury Industries Bhd ranks #1337 out of 1752 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Mercury Industries Bhd has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercury Industries Bhd's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Mercury Industries Bhd ranks #1337 out of 1752 companies for Altman Z-Score. This places Mercury Industries Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.33. Mercury Industries Bhd's value of 1.23 is 47.2% below this benchmark. While the company's 10-year median is 0.97 vs. the industry median of 2.33, Mercury Industries 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 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. Mercury Industries Bhd's current Altman Z-Score of 1.23 is 47.2% 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 Mercury 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. Mercury Industries Bhd's current Altman Z-Score is 1.23, which is 27% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mercury Industries Bhd (XKLS:8192) is currently considered Possible Value Trap. The stock's GF Value™ is RM6.61, compared to a current price of RM0.66 — trading 90% below its estimated fair value. The current Altman Z-Score is 1.23, which is 27% above median its 10-year median of 0.97 and 47.2% below the Construction industry median of 2.33. Mercury Industries Bhd's overall GF Score™ is 55/100 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 Mercury Industries Bhd (XKLS:8192), the current Altman Z-Score is 1.23 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 Mercury Industries Bhd (XKLS:8192) Overvalued in 2026?

Based on GuruFocus' analysis, Mercury Industries Bhd stock appears to be undervalued. The current stock price of RM0.66 is trading 90% below its estimated GF Value™ of RM6.61. GuruFocus considers Mercury Industries Bhd to be Possible Value Trap.

Key valuation signals for XKLS:8192:

  • Altman Z-Score: 1.23 (27% above median its 10-year median of 0.97)
  • GF Value™: RM6.61 vs. price of RM0.66 (90% below fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 47.2% below the Construction median (#1337 of 1752)

No single metric tells the full story. See the XKLS:8192 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercury Industries Bhd Business Description

Address No. 9, Jalan 16/11, Off Jalan Damansara, Unit 3A10, Block G Phileo Damansara 1, Petaling Jaya, SGR, MYS, 46350
Mercury Industries Bhd is an investment holding company engaged in civil and building construction works. Its principal activities include sourcing and trading building materials and other associated products used in the construction and property development industry. The company's segments are property development, which undertakes the development of commercial and residential properties; investment holding, involving investment holding and provision of management services; and complementary business, covering civil and building construction and trading of building materials. and majority of revenue comes from property development. the company operates in Malaysia.
55GF Score

Get the complete analysis for XKLS:8192

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

RM0.66
Price
RM6.61
GF Value