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 1.43 is in distress zone. This implies bankruptcy possibility in the next two years.
Eco World Development Group Bhd has a Altman Z-Score of 1.43, 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 Eco World Development Group Bhd's Altman Z-Score or its related term are showing as below:
XKLS:8206'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.46 Med: 0.91 Max: 1.61
Current: 1.43
During the past 13 years, Eco World Development Group Bhd's highest Altman Z-Score was 1.61. The lowest was 0.46. And the median was 0.91.
Eco World Development Group Bhd (XKLS:8206) 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.
* 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.
Eco World Development Group Bhd Altman Z-Score Chart
Eco World Development Group Bhd Altman Z-Score Competitor Comparison
For the Real Estate - Development subindustry, Eco World Development Group 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.
Eco World Development Group Bhd Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Eco World Development Group Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Eco World Development Group Bhd's Altman Z-Score falls into.
Eco World Development Group 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.
* 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.
Eco World Development Group Bhd (XKLS:8206) has a Altman Z-Score of 1.43 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Eco World Development Group Bhd and its competitors. This is 57% above median its historical median of 0.91. Over the past decade, Eco World Development Group Bhd's Altman Z-Score has ranged from 0.46 to 1.61. According to the industry distribution chart, Eco World Development Group Bhd ranks #788 out of 1730 companies in the Real Estate industry, placing it in the top 45.5%.
Is Eco World Development Group Bhd's Altman Z-Score too high?
Eco World Development Group Bhd's current Altman Z-Score of 1.43 is 57% above median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 1.61. The Real Estate industry median Altman Z-Score is 1.30. Eco World Development Group Bhd's value of 1.43 is 10% above this industry median. Based on the distribution chart, Eco World Development Group Bhd ranks #788 out of 1730 companies in the Real Estate industry, which is above the industry midpoint. Overall, Eco World Development Group Bhd has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eco World Development Group Bhd's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Eco World Development Group Bhd ranks #788 out of 1730 companies for Altman Z-Score. This puts Eco World Development Group Bhd in the upper half of its industry. The industry median Altman Z-Score is 1.30. Eco World Development Group Bhd's value of 1.43 is 10% above this benchmark. Historically, Eco World Development Group Bhd's own Altman Z-Score has ranged from 0.46 to 1.61 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 1.30, Eco World Development Group 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,730 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. Eco World Development Group Bhd's current Altman Z-Score of 1.43 is 10% 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 Eco World Development Group Bhd and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco World Development Group Bhd's current Altman Z-Score is 1.43, which is 57% above median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco World Development Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Eco World Development Group Bhd (XKLS:8206) is currently considered Fairly Valued. The stock's GF Value™ is RM2.28, compared to a current price of RM2.16 — trading 5.3% below its estimated fair value. The current Altman Z-Score is 1.43, which is 57% above median its 10-year median of 0.91 and 10% above the Real Estate industry median of 1.30. Eco World Development Group Bhd's overall GF Score™ is 85/100 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 Eco World Development Group Bhd (XKLS:8206), the current Altman Z-Score is 1.43 as of Jul. 02, 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 Eco World Development Group Bhd (XKLS:8206) Overvalued in 2026?
Based on GuruFocus' analysis, Eco World Development Group Bhd stock appears to be undervalued.
The current stock price of RM2.16 is trading 5.3% below its estimated GF Value™ of RM2.28.
GuruFocus considers Eco World Development Group Bhd to be Fairly Valued.
Key valuation signals for XKLS:8206:
Altman Z-Score: 1.43 (57% above median its 10-year median of 0.91)
GF Value™: RM2.28 vs. price of RM2.16 (5.3% below fair value)
Industry Position: 10% above the Real Estate median (#788 of 1730)
No single metric tells the full story. See the XKLS:8206 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco World Development Group Bhd Business Description
Eco World Development Group Bhd is a Malaysian property development company. The company's projects are spread across economic areas of Malaysia: Klang Valley, Iskandar Malaysia, and Penang. Some of the company's key projects are Eco Grandeur, Eco Ardence, Eco Business Park, Eco Meadows, Eco Horizon, Eco Sun, Eco Bloom, and others. The company's business can be divided into revenue-generating areas including the sale of completed properties and other goods, the sale of properties under development and construction contracts. The company derives a majority of its revenue from the sale of properties.
85GF Score
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