Techbase Industries BhdXKLS:8966 Altman Z-Score is 0.71 as of Jul. 02, 2026, which is 69% below its 10-year median of 2.31. The stock has 3 warning signs investors should review. Among 1,030 Manufacturing - Apparel & Accessories companies, Techbase Industries Bhd ranks worse than 89.13% 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 0.7 is in distress zone. This implies bankruptcy possibility in the next two years.
Techbase Industries Bhd has a Altman Z-Score of 0.71, 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 Techbase Industries Bhd's Altman Z-Score or its related term are showing as below:
XKLS:8966'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.7 Med: 2.31 Max: 5.03
Current: 0.7
During the past 13 years, Techbase Industries Bhd's highest Altman Z-Score was 5.03. The lowest was 0.70. And the median was 2.31.
Techbase Industries Bhd (XKLS:8966) 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.
XKLS:8966 vs RL, LEVI, VFC: Altman Z-Score Comparison
For the Apparel Manufacturing subindustry, Techbase 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.
Techbase Industries Bhd Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Techbase Industries Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Techbase Industries Bhd's Altman Z-Score falls into.
Techbase 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.
* 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.
Techbase Industries Bhd (XKLS:8966) has a Altman Z-Score of 0.71 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Techbase Industries Bhd and its competitors. This is 69% below median its historical median of 2.31. Over the past decade, Techbase Industries Bhd's Altman Z-Score has ranged from 0.70 to 5.03. According to the industry distribution chart, Techbase Industries Bhd ranks #918 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 89.1%.
Is Techbase Industries Bhd's Altman Z-Score too high?
Techbase Industries Bhd's current Altman Z-Score of 0.71 is 69% below median its 10-year median of 2.31. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 5.03. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.51. Techbase Industries Bhd's value of 0.71 is 71.7% below this industry median. Based on the distribution chart, Techbase Industries Bhd ranks #918 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers.
How does Techbase Industries Bhd's Altman Z-Score compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Techbase Industries Bhd ranks #918 out of 1030 companies for Altman Z-Score. This places Techbase Industries Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.51. Techbase Industries Bhd's value of 0.71 is 71.7% below this benchmark. Historically, Techbase Industries Bhd's own Altman Z-Score has ranged from 0.70 to 5.03 over the past decade. While the company's 10-year median is 2.31 vs. the industry median of 2.51, Techbase 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.51, based on 1,030 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. Techbase Industries Bhd's current Altman Z-Score of 0.71 is 71.7% 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 Techbase Industries Bhd and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techbase Industries Bhd's current Altman Z-Score is 0.71, which is 69% below median its own 10-year median of 2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techbase Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Techbase Industries Bhd (XKLS:8966) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.11, compared to a current price of RM0.06 — trading 45.5% below its estimated fair value. The current Altman Z-Score is 0.71, which is 69% below median its 10-year median of 2.31 and 71.7% below the Manufacturing - Apparel & Accessories industry median of 2.51. 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 Techbase Industries Bhd (XKLS:8966), the current Altman Z-Score is 0.71 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.
Techbase Industries Bhd is engaged in Apparel Manufacturing and the Textile industry. Its apparel section includes products such as outerwear, tops, and bottoms, children's and adult wear. The company has four reportable operating segments: Apparel, Textile, Advertising, and Others. The majority of revenue is earned from the apparel segment.
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