Mah Sing Group BhdXKLS:8583 +0.52%84 Altman Z-Score is 1.64 as of Jun. 29, 2026, which is 13% below its 10-year median of 1.89. GuruFocus rates XKLS:8583 with a GF Score™ of 84/100 and a GF Value™ of RM1.11 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,733 Real Estate companies, Mah Sing Group Bhd ranks better than 60.93% 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 1.64 is in distress zone. This implies bankruptcy possibility in the next two years.
Mah Sing Group Bhd has a Altman Z-Score of 1.64, 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 Mah Sing Group Bhd's Altman Z-Score or its related term are showing as below:
XKLS:8583'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.5 Med: 1.89 Max: 2.74
Current: 1.64
During the past 13 years, Mah Sing Group Bhd's highest Altman Z-Score was 2.74. The lowest was 1.50. And the median was 1.89.
Mah Sing Group Bhd (XKLS:8583) 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.
Altman Z-Score does not apply to financial companies.
Mah Sing Group Bhd Altman Z-Score Related Terms
Mah Sing Group Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Mah Sing Group 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.
Mah Sing Group Bhd Altman Z-Score Competitor Comparison
For the Real Estate - Development subindustry, Mah Sing 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.
Mah Sing Group Bhd Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Mah Sing Group Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Mah Sing Group Bhd's Altman Z-Score falls into.
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.
Mah Sing Group 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
*
0.3385
+
1.4
*
0.2654
+
3.3
*
0.0567
+
0.6
*
0.6199
+
1.0
*
0.3018
=
1.64
* 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.
Mah Sing Group Bhd (XKLS:8583) has a Altman Z-Score of 1.64 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mah Sing Group Bhd and its competitors. This is 13% below median its historical median of 1.89. Over the past decade, Mah Sing Group Bhd's Altman Z-Score has ranged from 1.50 to 2.74. According to the industry distribution chart, Mah Sing Group Bhd ranks #677 out of 1733 companies in the Real Estate industry, placing it in the top 39.1%.
Is Mah Sing Group Bhd's Altman Z-Score too high?
Mah Sing Group Bhd's current Altman Z-Score of 1.64 is 13% below median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 1.50 to a high of 2.74. The Real Estate industry median Altman Z-Score is 1.30. Mah Sing Group Bhd's value of 1.64 is 26.2% above this industry median. Based on the distribution chart, Mah Sing Group Bhd ranks #677 out of 1733 companies in the Real Estate industry, which is above the industry midpoint. Overall, Mah Sing Group Bhd has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mah Sing Group Bhd's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Mah Sing Group Bhd ranks #677 out of 1733 companies for Altman Z-Score. This puts Mah Sing Group Bhd in the upper half of its industry. The industry median Altman Z-Score is 1.30. Mah Sing Group Bhd's value of 1.64 is 26.2% above this benchmark. Historically, Mah Sing Group Bhd's own Altman Z-Score has ranged from 1.50 to 2.74 over the past decade. While the company's 10-year median is 1.89 vs. the industry median of 1.30, Mah Sing 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 1,733 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. Mah Sing Group Bhd's current Altman Z-Score of 1.64 is 26.2% 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 Mah Sing 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. Mah Sing Group Bhd's current Altman Z-Score is 1.64, which is 13% below median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mah Sing Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mah Sing Group Bhd (XKLS:8583) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.11, compared to a current price of RM0.98 — trading 12.2% below its estimated fair value. The current Altman Z-Score is 1.64, which is 13% below median its 10-year median of 1.89 and 26.2% above the Real Estate industry median of 1.30. Mah Sing Group Bhd's overall GF Score™ is 84/100 with 4 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 Mah Sing Group Bhd (XKLS:8583), the current Altman Z-Score is 1.64 as of Jun. 29, 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 Mah Sing Group Bhd (XKLS:8583) Overvalued in 2026?
Based on GuruFocus' analysis, Mah Sing Group Bhd stock appears to be undervalued.
The current stock price of RM0.98 is trading 12.2% below its estimated GF Value™ of RM1.11.
GuruFocus considers Mah Sing Group Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:8583:
Altman Z-Score: 1.64 (13% below median its 10-year median of 1.89)
GF Value™: RM1.11 vs. price of RM0.98 (12.2% below fair value)
Industry Position: 26.2% above the Real Estate median (#677 of 1733)
No single metric tells the full story. See the XKLS:8583 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mah Sing Group Bhd is a Malaysia-based company that is mainly engaged in three segments: Property, Manufacturing, and Investment Holding and others. The Property segment, which accounts for the majority of the company's revenue, invests in and develops residential, commercial, and industrial properties. The Manufacturing segment manufactures and trades a range of plastic molded products and gloves. The Investment holding and others segment is engaged in the provision of management and property support services, construction of residential properties, provision of hospitality management services, and trading of building materials. Geographically, it derives maximum revenue from Malaysia, followed by Indonesia, Singapore, Thailand, Philippines, United States, Australia, and other countries.
84GF Score
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