Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Malee Group PCLBKK:MALEE +0.50%67 Beneish M-Score is -2.60 as of Aug. 26, 2026. GuruFocus rates BKK:MALEE with a GF Score™ of 67/100 and a GF Value™ of ฿6.51 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,866 Consumer Packaged Goods companies, Malee Group PCL ranks better than 56.91% 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 -2.6 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Malee Group PCL's Beneish M-Score or its related term are showing as below:
BKK:MALEE'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.41 Med: -2.51 Max: -1.74
Current: -2.6
During the past 13 years, the highest Beneish M-Score of Malee Group PCL was -1.74. The lowest was -3.41. And the median was -2.51.
The historical data trend for Malee Group PCL'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 Packaged Foods subindustry, Malee Group PCL'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.
Malee Group PCL Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Malee Group PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Malee Group PCL'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 Malee Group PCL 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 * 1.0454
+
0.528 * 1.172
+
0.404 * 0.9482
+
0.892 * 0.9757
+
0.115 * 0.9982
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9526
+
4.679 * -0.051939
-
0.327 * 0.9199
=
-2.60
* 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))
=
(270.65 / (270.65 + 2501.217))
/
(258.034 / (258.034 + 2379.918))
=
0.097642
/
0.097816
=
0.9982
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
=
(82.654 - 3.225
-
356.186)
/
5328.5
=
-0.051939
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.
Malee Group PCL has a M-score of -2.60 suggests that the company is unlikely to be a manipulator.
Malee Group PCL (BKK:MALEE) has a Beneish M-Score of -2.60 as of Aug. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Malee Group PCL and its competitors. According to the industry distribution chart, Malee Group PCL ranks #804 out of 1866 companies in the Consumer Packaged Goods industry, placing it in the top 43.1%.
Is Malee Group PCL's Beneish M-Score too high?
Malee Group PCL's current Beneish M-Score is -2.60. Based on the distribution chart, Malee Group PCL ranks #804 out of 1866 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Malee Group PCL has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Malee Group PCL's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Malee Group PCL ranks #804 out of 1866 companies for Beneish M-Score. This puts Malee Group PCL in the upper 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Malee Group PCL and its competitors. Malee Group PCL's current Beneish M-Score is -2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malee Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Malee Group PCL (BKK:MALEE) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.51, compared to a current price of ฿4.00 — trading 38.6% below its estimated fair value. The current Beneish M-Score is -2.60. Malee Group PCL's overall GF Score™ is 67/100 with 5 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 Malee Group PCL (BKK:MALEE), the current Beneish M-Score is -2.60 as of Aug. 26, 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 Malee Group PCL (BKK:MALEE) Overvalued in 2026?
Based on GuruFocus' analysis, Malee Group PCL stock appears to be undervalued.
The current stock price of ฿4.00 is trading 38.6% below its estimated GF Value™ of ฿6.51.
GuruFocus considers Malee Group PCL to be Significantly Undervalued.
Key valuation signals for BKK:MALEE:
Beneish M-Score: -2.60
GF Value™: ฿6.51 vs. price of ฿4.00 (38.6% below fair value)
No single metric tells the full story. See the BKK:MALEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malee Group PCL is engaged in the production and distribution of canned agriculture products such as fruit juices, and non-alcohol beverages for local and export, as well as operations in agriculture and dairy farm. It offers Fruit juices, Vegetable mixed fruit juices, Pasteurized juices, Canned fruits, Pasteurized milk, Corn milk, and other similar products. The company's reportable segments are; Agriculture products, Other beverages, Agriculture and dairy farm and Office buildings for rent. Majority of the revenue is generated from its Agriculture products segment which manufactures and distributes fruit juices, canned fruit, coffee, tea and dairy products. A substantial portion of its overall revenue is generated from Thailand and rest from overseas markets.
67GF Score
Get the complete analysis for BKK:MALEE
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:MALEE has been successfully added to your 
