Public Packages Holdings Bhd (XKLS:8273) Altman Z-Score: 5.24 (As of Jul. 06, 2026) — 50% Above Median


XKLS:8273 Public Packages Holdings Bhd XKLS:8273
64 GF Score
Price RM0.65
GF Value RM0.68
Valuation Fairly Valued
! 1 Warning Sign
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What is Public Packages Holdings Bhd Altman Z-Score?

Public Packages Holdings Bhd XKLS:8273 64 Altman Z-Score is 5.24 as of Jul. 06, 2026, which is 50% above its 10-year median of 3.49. GuruFocus rates XKLS:8273 with a GF Score™ of 64/100 and a GF Value™ of RM0.68 (Fairly Valued). The stock has 1 warning sign investors should review. Among 391 Packaging & Containers companies, Public Packages Holdings Bhd ranks better than 83.38% 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 5.24 is strong.

Public Packages Holdings Bhd has a Altman Z-Score of 5.24, 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 Public Packages Holdings Bhd's Altman Z-Score or its related term are showing as below:

XKLS:8273' s Altman Z-Score Range Over the Past 10 Years
Min: 1.99   Med: 3.49   Max: 7.79
Current: 5.24

During the past 13 years, Public Packages Holdings Bhd's highest Altman Z-Score was 7.79. The lowest was 1.99. And the median was 3.49.


Public Packages Holdings Bhd  (XKLS:8273) 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.


Public Packages Holdings Bhd Altman Z-Score Related Terms


Public Packages Holdings Bhd Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Public Packages 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.

Public Packages Holdings Bhd Altman Z-Score Chart

Public Packages Holdings 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 3.42 3.95 4.64 5.25 4.50

Public Packages 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 5.03 5.49 5.54 4.50 5.18

XKLS:8273 vs SW, PKG, IP: Altman Z-Score Comparison

For the Packaging & Containers subindustry, Public Packages 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.


Public Packages Holdings Bhd Altman Z-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Public Packages Holdings Bhd's Altman Z-Score distribution charts can be found below:

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


XKLS:8273
64GF Score
Public Packages Holdings Bhd XKLS:8273
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Public Packages 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.

Public Packages 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*0.5191+1.4*0.6555+3.3*0.1004+0.6*4.967+1.0*0.3927
=5.24

* 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 RM515.1 Mil.
Total Current Assets was RM294.8 Mil.
Total Current Liabilities was RM27.4 Mil.
Retained Earnings was RM337.6 Mil.
Pre-Tax Income was 10.039 + 21.617 + 10.837 + 8.96 = RM51.5 Mil.
Interest Expense was -0.061 + 0.013 + -0.08 + -0.143 = RM-0.3 Mil.
Revenue was 49.456 + 56.898 + 48.875 + 47.015 = RM202.2 Mil.
Market Cap (Today) was RM173.4 Mil.
Total Liabilities was RM34.9 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
=(294.75 - 27.366)/515.05
=0.5191

X2=Retained Earnings/Total Assets
=337.595/515.05
=0.6555

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(51.453 - -0.271)/515.05
=0.1004

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=173.353/34.901
=4.967

X5=Revenue/Total Assets
=202.244/515.05
=0.3927

The zones of discrimination were as such:

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

Public Packages Holdings Bhd has a Altman Z-Score of 5.24 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 5.24 mean?
Public Packages Holdings Bhd (XKLS:8273) has a Altman Z-Score of 5.24 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Public Packages Holdings Bhd and its competitors. This is 50% above median its historical median of 3.49. Over the past decade, Public Packages Holdings Bhd's Altman Z-Score has ranged from 1.99 to 7.79. According to the industry distribution chart, Public Packages Holdings Bhd ranks #65 out of 391 companies in the Packaging & Containers industry, placing it in the top 16.6%.
Is Public Packages Holdings Bhd's Altman Z-Score too high?
Public Packages Holdings Bhd's current Altman Z-Score of 5.24 is 50% above median its 10-year median of 3.49. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 7.79. The Packaging & Containers industry median Altman Z-Score is 2.67. Public Packages Holdings Bhd's value of 5.24 is 96.3% above this industry median. Based on the distribution chart, Public Packages Holdings Bhd ranks #65 out of 391 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Public Packages Holdings Bhd has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Public Packages Holdings Bhd's Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Public Packages Holdings Bhd ranks #65 out of 391 companies for Altman Z-Score. This places Public Packages Holdings Bhd in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.67. Public Packages Holdings Bhd's value of 5.24 is 96.3% above this benchmark. Historically, Public Packages Holdings Bhd's own Altman Z-Score has ranged from 1.99 to 7.79 over the past decade. While the company's 10-year median is 3.49 vs. the industry median of 2.67, Public Packages 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.67, based on 391 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. Public Packages Holdings Bhd's current Altman Z-Score of 5.24 is 96.3% 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 Public Packages Holdings Bhd and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Public Packages Holdings Bhd's current Altman Z-Score is 5.24, which is 50% above median its own 10-year median of 3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Public Packages Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Public Packages Holdings Bhd (XKLS:8273) is currently considered Fairly Valued. The stock's GF Value™ is RM0.68, compared to a current price of RM0.65 — trading 4.4% below its estimated fair value. The current Altman Z-Score is 5.24, which is 50% above median its 10-year median of 3.49 and 96.3% above the Packaging & Containers industry median of 2.67. Public Packages Holdings Bhd's overall GF Score™ is 64/100 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 Public Packages Holdings Bhd (XKLS:8273), the current Altman Z-Score is 5.24 as of Jul. 06, 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 Public Packages Holdings Bhd (XKLS:8273) Overvalued in 2026?

Based on GuruFocus' analysis, Public Packages Holdings Bhd stock appears to be undervalued. The current stock price of RM0.65 is trading 4.4% below its estimated GF Value™ of RM0.68. GuruFocus considers Public Packages Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:8273:

  • Altman Z-Score: 5.24 (50% above median its 10-year median of 3.49)
  • GF Value™: RM0.68 vs. price of RM0.65 (4.4% below fair value)
  • GF Score™: 64/100 with 1 warning sign
  • Industry Position: 96.3% above the Packaging & Containers median (#65 of 391)

No single metric tells the full story. See the XKLS:8273 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Public Packages Holdings Bhd Business Description

Address Plot 67 Lintang Kampong Jawa, Bayan Lepas Industrial Estate, Bayan Lepas, PNG, MYS, 11900
Public Packages Holdings Bhd is engaged in manufacturing and retailing of corrugated cartons and packing materials, manufacturing of offset printed display boxes, and manufacturing of gift and display boxes. The Group also undertakes property investment, hotel ownership and operation of hotel and management of properties. Its business segments include Investment (investment holding and provision of financial, administrative and advisory services), Manufacturing generate maximum revenue (manufacturing and retailing of corrugated cartons, packing materials, gift and display boxes), Property (property investment), Trading (trading of paper products, design and sale of paper), and Hospitality (management and operation of hotel and restaurant). It generates maximum revenue from Malaysia.
64GF Score

Get the complete analysis for XKLS:8273

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

RM0.65
Price
RM0.68
GF Value