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Axiata Group BhdAXXTF 62 Beneish M-Score is -2.72 as of Aug. 14, 2026. GuruFocus rates AXXTF with a GF Score™ of 62/100 and a GF Value™ of $0.44. The stock has 6 warning signs investors should review. Among 352 Telecommunication Services companies, Axiata Group Bhd ranks worse than 56.82% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.72 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Axiata Group Bhd's Beneish M-Score or its related term are showing as below:
AXXTF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.42 Med: -2.87 Max: -1.58
Current: -2.72
During the past 13 years, the highest Beneish M-Score of Axiata Group Bhd was -1.58. The lowest was -3.42. And the median was -2.87.
The historical data trend for Axiata Group Bhd's Beneish M-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.
For the Telecom Services subindustry, Axiata Group Bhd's Beneish M-Score, along with its competitors' market caps and Beneish M-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.
Axiata Group Bhd Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Axiata Group Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Axiata Group Bhd's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Axiata Group Bhd for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.8655
+
0.528 * 0.9831
+
0.404 * 1.3228
+
0.892 * 1.0321
+
0.115 * 0.5141
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9618
+
4.679 * -0.037544
-
0.327 * 0.8092
=
-2.62
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(805.909 / (805.909 + 7603.636))
/
(928.932 / (928.932 + 4054.665))
=
0.095833
/
0.186398
=
0.5141
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(117.268 - 0
-
586.82)
/
12506.598
=
-0.037544
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Axiata Group Bhd has a M-score of -2.62 suggests that the company is unlikely to be a manipulator.
Axiata Group Bhd (AXXTF) has a Beneish M-Score of -2.72 as of Aug. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Axiata Group Bhd and its competitors. According to the industry distribution chart, Axiata Group Bhd ranks #200 out of 352 companies in the Telecommunication Services industry, placing it in the top 56.8%.
Is Axiata Group Bhd's Beneish M-Score too high?
Axiata Group Bhd's current Beneish M-Score is -2.72. Based on the distribution chart, Axiata Group Bhd ranks #200 out of 352 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Axiata Group Bhd has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Axiata Group Bhd's Beneish M-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Axiata Group Bhd ranks #200 out of 352 companies for Beneish M-Score. This places Axiata Group Bhd in the lower half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Axiata Group Bhd and its competitors. Axiata Group Bhd's current Beneish M-Score is -2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axiata Group Bhd stock overvalued right now?
Axiata Group Bhd (AXXTF) has a current Beneish M-Score of -2.72. The stock's GF Value™ is $0.44, compared to a current price of $0.46 — trading 5.4% above its estimated fair value. The current Beneish M-Score is -2.72. Axiata Group Bhd's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Axiata Group Bhd (AXXTF), the current Beneish M-Score is -2.72 as of Aug. 14, 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 Axiata Group Bhd (AXXTF) Overvalued in 2026?
Based on GuruFocus' analysis, Axiata Group Bhd stock appears to be overvalued.
The current stock price of $0.46 is trading 5.4% above its estimated GF Value™ of $0.44.
Key valuation signals for AXXTF:
Beneish M-Score: -2.72
GF Value™: $0.44 vs. price of $0.46 (5.4% above fair value)
No single metric tells the full story. See the AXXTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axiata Group Bhd is a telecommunications company. The business segment of the company is the Digital telco/Mobile segment, which includes the provision of mobile services and other services such as the provision of interconnect services, sale of devices, pay television transmission services, broadband services, digital business, and others; the Digital segment is engaged in the multimedia advertising, creative content, e-commerce enablement; Infrastructure segment is engaged in the provision of telecommunication infrastructure and related services; and Others comprise investment holding entities, financing entities and other operating companies providing other services including digital business and fibre optic transmission.
62GF Score
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