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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 -3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Nestle Malaysia Bhd's Beneish M-Score or its related term are showing as below:
NSLYF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.19 Med: -2.83 Max: -2.2
Current: -3
During the past 13 years, the highest Beneish M-Score of Nestle Malaysia Bhd was -2.20. The lowest was -3.19. And the median was -2.83.
Nestle Malaysia Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Nestle Malaysia 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 Packaged Foods subindustry, Nestle Malaysia 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.
Nestle Malaysia Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Nestle Malaysia Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nestle Malaysia 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 Nestle Malaysia 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 * 1.0697
+
0.528 * 0.9975
+
0.404 * 0.9955
+
0.892 * 1.2054
+
0.115 * 0.9349
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9874
+
4.679 * -0.142829
-
0.327 * 0.9924
=
-2.91
* 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))
=
(49.654 / (49.654 + 463.825))
/
(55.496 / (55.496 + 481.029))
=
0.096701
/
0.103436
=
0.9349
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
=
(125.491 - 0
-
252.895)
/
892.006
=
-0.142829
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.
Nestle Malaysia Bhd has a M-score of -2.91 suggests that the company is unlikely to be a manipulator.
Nestle Malaysia Bhd (NSLYF) has a Beneish M-Score of -3.00 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nestle Malaysia Bhd and its competitors. According to the industry distribution chart, Nestle Malaysia Bhd ranks #322 out of 1854 companies in the Consumer Packaged Goods industry, placing it in the top 17.4%.
Is Nestle Malaysia Bhd's Beneish M-Score too high?
Nestle Malaysia Bhd's current Beneish M-Score is -3.00. Based on the distribution chart, Nestle Malaysia Bhd ranks #322 out of 1854 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Nestle Malaysia Bhd has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Nestle Malaysia Bhd's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Nestle Malaysia Bhd ranks #322 out of 1854 companies for Beneish M-Score. This places Nestle Malaysia Bhd in the top 17% of its industry — outperforming the majority of peers. 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 Nestle Malaysia Bhd and its competitors. Nestle Malaysia Bhd's current Beneish M-Score is -3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nestle Malaysia Bhd stock overvalued right now?
Nestle Malaysia Bhd (NSLYF) has a current Beneish M-Score of -3.00. The stock's GF Value™ is $26.10, compared to a current price of $23.76 — trading 9% below its estimated fair value. The current Beneish M-Score is -3.00. Nestle Malaysia Bhd's overall GF Score™ is 85/100 with 4 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 Nestle Malaysia Bhd (NSLYF), the current Beneish M-Score is -3.00 as of Aug. 03, 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 Nestle Malaysia Bhd (NSLYF) Overvalued in 2026?
Based on GuruFocus' analysis, Nestle Malaysia Bhd stock appears to be undervalued.
The current stock price of $23.76 is trading 9% below its estimated GF Value™ of $26.10.
Key valuation signals for NSLYF:
Beneish M-Score: -3.00
GF Value™: $26.10 vs. price of $23.76 (9% below fair value)
No single metric tells the full story. See the NSLYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nestle Malaysia Bhd is a Malaysian investment holding company owned by Nestle. The business activities of the group are functioned through Food and beverages and Others segments which include Nutrition, Nestle Professional, Nestle Health Science and NESPRESSO. The Food and Beverages segment derives maximum revenue. The products offered by the group are related to dairy, beverages, food, Nestle Professional, Nestle Ice Cream, confectionery, chilled dairy, infant nutrition, and health science. The main geography is the domestic market, representing approximately maximum of total sales. The known brands are Nescafe, Maggi, Nespray, Kit Kat, and Milo.
85GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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