LNKS (Linkers Industries) Beneish M-Score: 0.00 (As of Jun. 27, 2026)


LNKS Linkers Industries Ltd LNKS
14 GF Score
Price $1.86
! 2 Warning Signs
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What is Linkers Industries Beneish M-Score?

Linkers Industries LNKS -7.84% 14 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates LNKS with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 2,926 Industrial Products companies, Linkers Industries ranks worse than 34176.32% 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.

The historical rank and industry rank for Linkers Industries's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Linkers Industries was -3.38. The lowest was -3.38. And the median was -3.38.

Linkers Industries Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Linkers Industries'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.

Linkers Industries Beneish M-Score Chart

Linkers Industries Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 -3.38 0.00

Linkers Industries Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 -3.38 0.00 0.00 0.00

LNKS vs ELPW, RAYA, CCTG: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Linkers Industries'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.

Linkers Industries Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Linkers Industries's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Linkers Industries's Beneish M-Score falls into.


LNKS
14GF Score
Linkers Industries Ltd LNKS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Linkers Industries Beneish M-Score Calculation

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 Linkers Industries 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $1.55 Mil.
Revenue was $5.29 Mil.
Gross Profit was $0.43 Mil.
Total Current Assets was $10.52 Mil.
Total Assets was $11.42 Mil.
Property, Plant and Equipment(Net PPE) was $0.90 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.29 Mil.
Selling, General, & Admin. Expense(SGA) was $1.52 Mil.
Total Current Liabilities was $2.23 Mil.
Long-Term Debt & Capital Lease Obligation was $0.16 Mil.
Net Income was $-1.16 Mil.
Gross Profit was $-0.05 Mil.
Cash Flow from Operations was $-0.50 Mil.
 Total Receivables was $1.54 Mil.
Revenue was $4.76 Mil.
Gross Profit was $0.47 Mil.
Total Current Assets was $6.25 Mil.
Total Assets was $7.16 Mil.
Property, Plant and Equipment(Net PPE) was $0.91 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.27 Mil.
Selling, General, & Admin. Expense(SGA) was $0.77 Mil.
Total Current Liabilities was $2.92 Mil.
Long-Term Debt & Capital Lease Obligation was $0.59 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(1.547 / 5.29) / (1.541 / 4.763)
=0.292439 / 0.323536
=

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(0.474 / 4.763) / (0.429 / 5.29)
=0.099517 / 0.081096
=

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (10.518 + 0.903) / 11.422) / (1 - (6.246 + 0.912) / 7.158)
=8.8E-5 / 0
=

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=5.29 / 4.763
=

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(0.265 / (0.265 + 0.912)) / (0.289 / (0.289 + 0.903))
=0.225149 / 0.24245
=

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(1.517 / 5.29) / (0.773 / 4.763)
=0.286767 / 0.162293
=

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0.164 + 2.231) / 11.422) / ((0.585 + 2.924) / 7.158)
=0.209683 / 0.490221
=

8. TATA = Total Accruals to Total Assets

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
=(-1.164 - -0.052 - -0.498) / 11.422
=-0.053756

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Linkers Industries (LNKS) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Linkers Industries and its competitors. According to the industry distribution chart, Linkers Industries ranks #999999 out of 2926 companies in the Industrial Products industry.
Is Linkers Industries' Beneish M-Score too high?
Linkers Industries' current Beneish M-Score is 0.00. Based on the distribution chart, Linkers Industries ranks #999999 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Linkers Industries has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Linkers Industries' Beneish M-Score compare to ELPW and RAYA?
According to the Industrial Products industry distribution chart, Linkers Industries ranks #999999 out of 2926 companies for Beneish M-Score. This places Linkers Industries 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Linkers Industries and its competitors. Linkers Industries's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linkers Industries stock overvalued right now?
Linkers Industries (LNKS) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Linkers Industries' overall GF Score™ is 14/100 with 2 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 Linkers Industries (LNKS), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Linkers Industries Business Description

Address Jalan 2A-3, Jalan 2A, Lot A99, A101 and A102, Kawasan Perusahaan MIEL, Sungai Lalang, Sungai Petani, KDH, MYS, 08000
Linkers Industries Ltd is a company that acts as both a manufacturer and supplier of wire and cable harnesses (an assembly of wires/cables bound together with straps, cable ties, and electrical tape to transmit signals or electrical power), with its manufacturing operations based in Malaysia. Its customers are mainly manufacturers and original equipment manufacturers (OEMs) in the home appliances, industrial products, and automotive industries that are mainly based in the Asia Pacific Region. The company works closely with customers in each stage of a product's life cycle, including design, prototyping, and production. Geographically, it generates maximum revenue from Thailand, followed by Malaysia, Switzerland, the United States of America, and other regions.
14GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.86
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