What is Concrete Engineering Products Bhd Altman Z-Score?
Concrete Engineering Products BhdXKLS:8435 29 Altman Z-Score is 4.43 as of Jun. 30, 2026, which is 238% above its 10-year median of 1.31. GuruFocus rates XKLS:8435 with a GF Score™ of 29/100 and a GF Value™ of RM0.59 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 401 Building Materials companies, Concrete Engineering Products Bhd ranks better than 80.55% 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 4.43 is strong.
Concrete Engineering Products Bhd has a Altman Z-Score of 4.43, 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 Concrete Engineering Products Bhd's Altman Z-Score or its related term are showing as below:
XKLS:8435'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.3 Med: 1.31 Max: 4.43
Current: 4.43
During the past 13 years, Concrete Engineering Products Bhd's highest Altman Z-Score was 4.43. The lowest was 0.30. And the median was 1.31.
Concrete Engineering Products Bhd (XKLS:8435) 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.
Concrete Engineering Products Bhd Altman Z-Score Chart
XKLS:8435 vs CRH, VMC, MLM: Altman Z-Score Comparison
For the Building Materials subindustry, Concrete Engineering Products 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.
Concrete Engineering Products Bhd Altman Z-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Concrete Engineering Products Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Concrete Engineering Products Bhd's Altman Z-Score falls into.
Concrete Engineering Products 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.
Concrete Engineering Products Bhd (XKLS:8435) has a Altman Z-Score of 4.43 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Concrete Engineering Products Bhd and its competitors. This is 238% above median its historical median of 1.31. Over the past decade, Concrete Engineering Products Bhd's Altman Z-Score has ranged from 0.30 to 4.43. According to the industry distribution chart, Concrete Engineering Products Bhd ranks #78 out of 401 companies in the Building Materials industry, placing it in the top 19.5%.
Is Concrete Engineering Products Bhd's Altman Z-Score too high?
Concrete Engineering Products Bhd's current Altman Z-Score of 4.43 is 238% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 4.43. The Building Materials industry median Altman Z-Score is 2.22. Concrete Engineering Products Bhd's value of 4.43 is 99.5% above this industry median. Based on the distribution chart, Concrete Engineering Products Bhd ranks #78 out of 401 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Concrete Engineering Products Bhd has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Concrete Engineering Products Bhd's Altman Z-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Concrete Engineering Products Bhd ranks #78 out of 401 companies for Altman Z-Score. This places Concrete Engineering Products Bhd in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.22. Concrete Engineering Products Bhd's value of 4.43 is 99.5% above this benchmark. Historically, Concrete Engineering Products Bhd's own Altman Z-Score has ranged from 0.30 to 4.43 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 2.22, Concrete Engineering Products 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 Building Materials company?
The median Altman Z-Score among Building Materials companies is 2.22, based on 401 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. Concrete Engineering Products Bhd's current Altman Z-Score of 4.43 is 99.5% 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 Concrete Engineering Products Bhd and its competitors. For the Building Materials industry, the median Altman Z-Score is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Concrete Engineering Products Bhd's current Altman Z-Score is 4.43, which is 238% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Concrete Engineering Products Bhd stock overvalued right now?
Based on GuruFocus' analysis, Concrete Engineering Products Bhd (XKLS:8435) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.59, compared to a current price of RM3.80 — trading 544.1% above its estimated fair value. The current Altman Z-Score is 4.43, which is 238% above median its 10-year median of 1.31 and 99.5% above the Building Materials industry median of 2.22. Concrete Engineering Products Bhd's overall GF Score™ is 29/100 with 9 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 Concrete Engineering Products Bhd (XKLS:8435), the current Altman Z-Score is 4.43 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 Concrete Engineering Products Bhd (XKLS:8435) Overvalued in 2026?
Based on GuruFocus' analysis, Concrete Engineering Products Bhd stock appears to be overvalued.
The current stock price of RM3.80 is trading 544.1% above its estimated GF Value™ of RM0.59.
GuruFocus considers Concrete Engineering Products Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:8435:
Altman Z-Score: 4.43 (238% above median its 10-year median of 1.31)
GF Value™: RM0.59 vs. price of RM3.80 (544.1% above fair value)
Industry Position: 99.5% above the Building Materials median (#78 of 401)
No single metric tells the full story. See the XKLS:8435 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Concrete Engineering Products Bhd Business Description
Concrete Engineering Products Bhd is principally engaged in the manufacturing and distribution of prestressed spun concrete piles and poles. These piles are used for foundation purposes in buildings, pile embankments, bridges, ports, and marine structures. The poles are used for telecommunication lines, electric power transmission and distribution lines, traffic signal equipment, and street lighting. Geographically, it derives the majority of its revenue from Malaysia and also operates in Southeast Asia.
29GF Score
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