Pineapple Resources Bhd (XKLS:0006) Beneish M-Score: -3.59 (As of Jun. 26, 2026)

What is Pineapple Resources Bhd Beneish M-Score?

Pineapple Resources Bhd XKLS:0006 33 Beneish M-Score is -3.59 as of Jun. 26, 2026. GuruFocus rates XKLS:0006 with a GF Score™ of 33/100 and a GF Value™ of RM0.56 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,404 Hardware companies, Pineapple Resources Bhd ranks better than 93.34% 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 -3.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0006' s Beneish M-Score Range Over the Past 10 Years
Min: -4.46 Med: -3.35 Max: -2.9
Current: -3.59

During the past 13 years, the highest Beneish M-Score of Pineapple Resources Bhd was -2.90. The lowest was -4.46. And the median was -3.35.

Pineapple Resources Bhd Beneish M-Score Related Terms

Pineapple Resources Bhd Beneish M-Score Historical Data

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The historical data trend for Pineapple Resources 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.

Pineapple Resources Bhd Beneish M-Score Chart

Pineapple Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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-4.46

0.00

-2.90

-3.59

Pineapple Resources Bhd Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	-3.59	0.00	0.00	0.00

XKLS:0006 vs SNX, ARW, AVT: Beneish M-Score Comparison

For the Electronics & Computer Distribution subindustry, Pineapple Resources 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.

Pineapple Resources Bhd Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Pineapple Resources Bhd's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Pineapple Resources Bhd's Beneish M-Score falls into.

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33GF Score

Pineapple Resources Bhd XKLS:0006

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Pineapple Resources Bhd 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 Pineapple Resources Bhd for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.3698

0.528 * 0.8727

0.404 * 1.0927

0.892 * 0.9016

0.115 * 0.9676

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1

4.679 * -0.27767

0.327 * 1.0812

-3.59

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was RM3.58 Mil.
Revenue was RM37.16 Mil.
Gross Profit was RM11.66 Mil.
Total Current Assets was RM13.56 Mil.
Total Assets was RM19.55 Mil.
Property, Plant and Equipment(Net PPE) was RM4.79 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.25 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM3.48 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.27 Mil.
Net Income was RM-1.78 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM3.65 Mil.

Total Receivables was RM2.90 Mil.
Revenue was RM41.21 Mil.
Gross Profit was RM11.29 Mil.
Total Current Assets was RM15.05 Mil.
Total Assets was RM21.36 Mil.
Property, Plant and Equipment(Net PPE) was RM5.11 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.29 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM2.83 Mil.
Long-Term Debt & Capital Lease Obligation was RM2.98 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)
	=	(3.579 / 37.155)	/	(2.898 / 41.21)
	=	0.096326	/	0.070323
	=	1.3698

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)
	=	(11.285 / 41.21)	/	(11.659 / 37.155)
	=	0.273841	/	0.313794
	=	0.8727

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 - (13.558 + 4.794) / 19.552)	/	(1 - (15.054 + 5.11) / 21.364)
	=	0.061375	/	0.056169
	=	1.0927

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
	=	37.155	/	41.21
	=	0.9016

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))
	=	(2.29 / (2.29 + 5.11))	/	(2.254 / (2.254 + 4.794))
	=	0.309459	/	0.319807
	=	0.9676

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)
	=	(0 / 37.155)	/	(0 / 41.21)
	=	0	/	0
	=	1

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)
	=	((2.268 + 3.482) / 19.552)	/	((2.98 + 2.831) / 21.364)
	=	0.294088	/	0.272
	=	1.0812

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
	=	(-1.779 - 0	-	3.65)	/	19.552
	=	-0.27767

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.

Pineapple Resources Bhd has a M-score of -3.59 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -3.59 mean?

Pineapple Resources Bhd (XKLS:0006) has a Beneish M-Score of -3.59 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pineapple Resources Bhd and its competitors. According to the industry distribution chart, Pineapple Resources Bhd ranks #160 out of 2404 companies in the Hardware industry, placing it in the top 6.7%.

Is Pineapple Resources Bhd's Beneish M-Score too high?

Pineapple Resources Bhd's current Beneish M-Score is -3.59. Based on the distribution chart, Pineapple Resources Bhd ranks #160 out of 2404 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pineapple Resources Bhd has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Pineapple Resources Bhd's Beneish M-Score compare to SNX and ARW?

According to the Hardware industry distribution chart, Pineapple Resources Bhd ranks #160 out of 2404 companies for Beneish M-Score. This places Pineapple Resources Bhd in the top 7% 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 Hardware company?

A good Beneish M-Score depends on the Hardware 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 Pineapple Resources Bhd and its competitors. Pineapple Resources Bhd's current Beneish M-Score is -3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pineapple Resources Bhd stock overvalued right now?

Based on GuruFocus' analysis, Pineapple Resources Bhd (XKLS:0006) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.56, compared to a current price of RM0.86 — trading 53.6% above its estimated fair value. The current Beneish M-Score is -3.59. Pineapple Resources Bhd's overall GF Score™ is 33/100 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 Pineapple Resources Bhd (XKLS:0006), the current Beneish M-Score is -3.59 as of Jun. 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 Pineapple Resources Bhd (XKLS:0006) Overvalued in 2026?

Based on GuruFocus' analysis, Pineapple Resources Bhd stock appears to be overvalued. The current stock price of RM0.86 is trading 53.6% above its estimated GF Value™ of RM0.56. GuruFocus considers Pineapple Resources Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:0006:

Beneish M-Score: -3.59
GF Value™: RM0.56 vs. price of RM0.86 (53.6% above fair value)
GF Score™: 33/100 with 5 warning signs

No single metric tells the full story. See the XKLS:0006 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pineapple Resources Bhd Business Description

Industry Technology Hardware

Comparable Companies XKLS:0218 XKLS:0086 XKLS:0066 XKLS:0038 XKLS:5037 XKLS:3514 XKLS:0202 XKLS:9377 SNX XPAR:RXL SZSE:000938 ARW AVT TPE:3702 LSE:SCT TPE:2347 SZSE:000062 SZSE:002402 SZSE:300975 TSE:3132

Address 3 1/2 Miles, Jalan 1/89B, Off Jalan Sungai Besi, Lot 50A, Wilayah Persekutuan, Wisma Lim Kim Chuan, Kuala Lumpur, SGR, MYS, 57100

Website https://www.pineappleresources.com.my

Pineapple Resources Bhd is a Malaysia-based company engaged in the distribution and reselling of computer products, including notebooks, peripherals, printers, printing consumables. It operates in two segments. The Information technology-related products segment that derives a majority of revenue involves in retailing and distribution of computer hardware, software, peripherals and accessories, and printing consumables. The restaurant operations segment involves operating restaurants that serve food and beverages.

33GF Score

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

RM0.86

Price

RM0.56

GF Value

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