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YTL BhdTSE:1773 +3.23%64 Beneish M-Score is -2.23 as of Aug. 26, 2026. GuruFocus rates TSE:1773 with a GF Score™ of 64/100 and a GF Value™ of 円79.17 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 486 Utilities - Regulated companies, YTL Bhd ranks worse than 81.28% 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 -2.23 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for YTL Bhd's Beneish M-Score or its related term are showing as below:
TSE:1773'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.94 Med: -2.5 Max: -2.05
Current: -2.23
During the past 13 years, the highest Beneish M-Score of YTL Bhd was -2.05. The lowest was -2.94. And the median was -2.50.
The historical data trend for YTL 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 Utilities - Diversified subindustry, YTL 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.
YTL Bhd Beneish M-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, YTL Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where YTL 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 YTL 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 * 1.1976
+
0.528 * 1.042
+
0.404 * 0.9765
+
0.892 * 1.1913
+
0.115 * 1.014
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * -0.031481
-
0.327 * 0.987
=
-2.08
* 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))
=
(84946.548 / (84946.548 + 1530077.913))
/
(109341.879 / (109341.879 + 1998492.365))
=
0.052598
/
0.051874
=
1.014
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
=
(56896.319 - 0
-
185118.574)
/
4073017.13
=
-0.031481
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.
YTL Bhd has a M-score of -2.08 suggests that the company is unlikely to be a manipulator.
YTL Bhd (TSE:1773) has a Beneish M-Score of -2.23 as of Aug. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on YTL Bhd and its competitors. According to the industry distribution chart, YTL Bhd ranks #395 out of 486 companies in the Utilities - Regulated industry, placing it in the top 81.3%.
Is YTL Bhd's Beneish M-Score too high?
YTL Bhd's current Beneish M-Score is -2.23. Based on the distribution chart, YTL Bhd ranks #395 out of 486 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, YTL Bhd has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does YTL Bhd's Beneish M-Score compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, YTL Bhd ranks #395 out of 486 companies for Beneish M-Score. This places YTL 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 an Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 YTL Bhd and its competitors. YTL Bhd's current Beneish M-Score is -2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YTL Bhd stock overvalued right now?
Based on GuruFocus' analysis, YTL Bhd (TSE:1773) is currently considered Modestly Overvalued. The stock's GF Value™ is 円79.17, compared to a current price of 円96.00 — trading 21.3% above its estimated fair value. The current Beneish M-Score is -2.23. YTL Bhd's overall GF Score™ is 64/100 with 7 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 YTL Bhd (TSE:1773), the current Beneish M-Score is -2.23 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 YTL Bhd (TSE:1773) Overvalued in 2026?
Based on GuruFocus' analysis, YTL Bhd stock appears to be overvalued.
The current stock price of 円96.00 is trading 21.3% above its estimated GF Value™ of 円79.17.
GuruFocus considers YTL Bhd to be Modestly Overvalued.
Key valuation signals for TSE:1773:
Beneish M-Score: -2.23
GF Value™: 円79.17 vs. price of 円96.00 (21.3% above fair value)
No single metric tells the full story. See the TSE:1773 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
YTL Corp Bhd is an integrated infrastructure developer with operations in Malaysia, Singapore, the United Kingdom, Australia, China, Finland, France, Indonesia, Japan, Jordan, the Netherlands, Thailand, the United Arab Emirates, and Vietnam. It is an investment holding and management company with segments including Utilities, Cement & Building Materials Industry, Property Investment & Development, Hotel Operations, and Management Services, construtions and others. The company generates majority of its revenue from the Utilities segment. Its geographic focus is Malaysia, the UK, Singapore, and other countries.
64GF Score
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