FSBM Holdings BhdXKLS:9377 -2.33%29 Altman Z-Score is 11.45 as of Jul. 04, 2026, which is 425% above its 10-year median of 2.18. GuruFocus rates XKLS:9377 with a GF Score™ of 29/100 and a GF Value™ of RM0.28 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,456 Hardware companies, FSBM Holdings Bhd ranks better than 86.73% 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 11.45 is strong.
FSBM Holdings Bhd has a Altman Z-Score of 11.45, 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 FSBM Holdings Bhd's Altman Z-Score or its related term are showing as below:
XKLS:9377'
s Altman Z-Score Range Over the Past 10 Years
Min: -66.11 Med: 2.18 Max: 65.17
Current: 11.45
During the past 13 years, FSBM Holdings Bhd's highest Altman Z-Score was 65.17. The lowest was -66.11. And the median was 2.18.
FSBM Holdings Bhd (XKLS:9377) 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.
FSBM Holdings Bhd Altman Z-Score Related Terms
FSBM Holdings Bhd Altman Z-Score Historical Data
* Premium members only.
The historical data trend for FSBM 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:9377 vs SNX, ARW, AVT: Altman Z-Score Comparison
For the Electronics & Computer Distribution subindustry, FSBM 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.
FSBM Holdings Bhd Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, FSBM Holdings Bhd's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where FSBM 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.
FSBM 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
*
0.4919
+
1.4
*
-0.433
+
3.3
*
-0.4004
+
0.6
*
20.1193
+
1.0
*
0.7164
=
11.45
* 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.
FSBM Holdings Bhd (XKLS:9377) has a Altman Z-Score of 11.45 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on FSBM Holdings Bhd and its competitors. This is 425% above median its historical median of 2.18. According to the industry distribution chart, FSBM Holdings Bhd ranks #326 out of 2456 companies in the Hardware industry, placing it in the top 13.3%.
Is FSBM Holdings Bhd's Altman Z-Score too high?
FSBM Holdings Bhd's current Altman Z-Score of 11.45 is 425% above median its 10-year median of 2.18. The Hardware industry median Altman Z-Score is 3.59. FSBM Holdings Bhd's value of 11.45 is 218.9% above this industry median. Based on the distribution chart, FSBM Holdings Bhd ranks #326 out of 2456 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, FSBM Holdings Bhd has a GF Score™ of 29/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FSBM Holdings Bhd's Altman Z-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, FSBM Holdings Bhd ranks #326 out of 2456 companies for Altman Z-Score. This places FSBM Holdings Bhd in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.59. FSBM Holdings Bhd's value of 11.45 is 218.9% above this benchmark. While the company's 10-year median is 2.18 vs. the industry median of 3.59, FSBM 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.59, based on 2,456 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. FSBM Holdings Bhd's current Altman Z-Score of 11.45 is 218.9% 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 FSBM Holdings Bhd and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSBM Holdings Bhd's current Altman Z-Score is 11.45, which is 425% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSBM Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, FSBM Holdings Bhd (XKLS:9377) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.21 — trading 25% below its estimated fair value. The current Altman Z-Score is 11.45, which is 425% above median its 10-year median of 2.18 and 218.9% above the Hardware industry median of 3.59. FSBM Holdings Bhd's overall GF Score™ is 29/100 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 FSBM Holdings Bhd (XKLS:9377), the current Altman Z-Score is 11.45 as of Jul. 04, 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 FSBM Holdings Bhd (XKLS:9377) Overvalued in 2026?
Based on GuruFocus' analysis, FSBM Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.21 is trading 25% below its estimated GF Value™ of RM0.28.
GuruFocus considers FSBM Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:9377:
Altman Z-Score: 11.45 (425% above median its 10-year median of 2.18)
GF Value™: RM0.28 vs. price of RM0.21 (25% below fair value)
Industry Position: 218.9% above the Hardware median (#326 of 2456)
No single metric tells the full story. See the XKLS:9377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FSBM Holdings Bhd is an investment holding company that distributes computers, computer-related products, education-related products, and the provision of related services. The company's reportable segments: The platform design and development include the development of web-based and mobile platforms for customers. The Refurbishment services include refurbishment of pre-owned IT hardware. The lease services include the leasing of IT hardware. The technical support and maintenance services include after-sales service following the completion of the platform design and development projects. Smart manufacturing solutions provides manpower services in respect of system integration, commissioning and setup services, and Managed security service offers network security solutions and others.
29GF Score
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