Gadang Holdings BhdXKLS:9261 -5.00%47 Altman Z-Score is 1.97 as of Jul. 01, 2026, which is 17% above its 10-year median of 1.68. GuruFocus rates XKLS:9261 with a GF Score™ of 47/100 and a GF Value™ of RM0.27 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,751 Construction companies, Gadang Holdings Bhd ranks worse than 58.08% 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 1.97 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Gadang Holdings Bhd has a Altman Z-Score of 1.97, indicating it is in Grey Zones. This implies that Gadang Holdings Bhd is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Gadang Holdings Bhd's Altman Z-Score or its related term are showing as below:
XKLS:9261'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.17 Med: 1.68 Max: 2.31
Current: 1.97
During the past 13 years, Gadang Holdings Bhd's highest Altman Z-Score was 2.31. The lowest was 1.17. And the median was 1.68.
Gadang Holdings Bhd (XKLS:9261) 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.
Gadang Holdings Bhd Altman Z-Score Related Terms
Gadang Holdings Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Gadang 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.
XKLS:9261 vs PWR, FIX, EME: Altman Z-Score Comparison
For the Engineering & Construction subindustry, Gadang 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.
Gadang Holdings Bhd Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Gadang Holdings Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Gadang Holdings 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.
Gadang 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
*
0.5245
+
1.4
*
0.3255
+
3.3
*
0.0024
+
0.6
*
0.3222
+
1.0
*
0.687
=
1.97
* 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.
Gadang Holdings Bhd (XKLS:9261) has a Altman Z-Score of 1.97 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Gadang Holdings Bhd and its competitors. This is 17% above median its historical median of 1.68. Over the past decade, Gadang Holdings Bhd's Altman Z-Score has ranged from 1.17 to 2.31. According to the industry distribution chart, Gadang Holdings Bhd ranks #1017 out of 1751 companies in the Construction industry, placing it in the top 58.1%.
Is Gadang Holdings Bhd's Altman Z-Score too high?
Gadang Holdings Bhd's current Altman Z-Score of 1.97 is 17% above median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 2.31. The Construction industry median Altman Z-Score is 2.33. Gadang Holdings Bhd's value of 1.97 is 15.5% below this industry median. Based on the distribution chart, Gadang Holdings Bhd ranks #1017 out of 1751 companies in the Construction industry, which is below the industry midpoint. Overall, Gadang Holdings Bhd has a GF Score™ of 47/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gadang Holdings Bhd's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Gadang Holdings Bhd ranks #1017 out of 1751 companies for Altman Z-Score. This places Gadang Holdings Bhd in the lower half of its industry. The industry median Altman Z-Score is 2.33. Gadang Holdings Bhd's value of 1.97 is 15.5% below this benchmark. Historically, Gadang Holdings Bhd's own Altman Z-Score has ranged from 1.17 to 2.31 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 2.33, Gadang Holdings 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,751 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. Gadang Holdings Bhd's current Altman Z-Score of 1.97 is 15.5% 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 Gadang Holdings Bhd and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gadang Holdings Bhd's current Altman Z-Score is 1.97, which is 17% above median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gadang Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gadang Holdings Bhd (XKLS:9261) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.27, compared to a current price of RM0.19 — trading 29.6% below its estimated fair value. The current Altman Z-Score is 1.97, which is 17% above median its 10-year median of 1.68 and 15.5% below the Construction industry median of 2.33. Gadang Holdings Bhd's overall GF Score™ is 47/100 with 2 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 Gadang Holdings Bhd (XKLS:9261), the current Altman Z-Score is 1.97 as of Jul. 01, 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 Gadang Holdings Bhd (XKLS:9261) Overvalued in 2026?
Based on GuruFocus' analysis, Gadang Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.19 is trading 29.6% below its estimated GF Value™ of RM0.27.
GuruFocus considers Gadang Holdings Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:9261:
Altman Z-Score: 1.97 (17% above median its 10-year median of 1.68)
GF Value™: RM0.27 vs. price of RM0.19 (29.6% below fair value)
Industry Position: 15.5% below the Construction median (#1017 of 1751)
No single metric tells the full story. See the XKLS:9261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gadang Holdings Bhd is an investment holding company. Along with its subsidiaries, it operates in the following business segments: Construction, Property, Utilities, and Investment holding and others. It generates maximum revenue from the Construction segment, which is engaged in civil engineering works encompassing earthworks, infrastructure works, hospitals, and mechanical and electrical works. The Property segment is engaged in the development of residential and commercial properties, and the Utilities segment includes construction, maintenance, and management of water concessions, hydro power plants, and solar power plants. Geographically, the group generates maximum revenue from Malaysia, followed by Indonesia and Singapore.
47GF Score
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