Lambo Group Bhd (XKLS:0018) Beneish M-Score: -2.75 (As of Jun. 25, 2026)


What is Lambo Group Bhd Beneish M-Score?

Lambo Group Bhd XKLS:0018 Beneish M-Score is -2.75 as of Jun. 25, 2026. The stock has 2 warning signs investors should review.

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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0018' s Beneish M-Score Range Over the Past 10 Years
Min: -49.26   Med: -2.36   Max: 100.45
Current: -2.75

During the past 13 years, the highest Beneish M-Score of Lambo Group Bhd was 100.45. The lowest was -49.26. And the median was -2.36.

Lambo Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Lambo Group 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.

Lambo Group Bhd Beneish M-Score Chart

Lambo Group Bhd Annual Data
Trend Jun13 Jun14 Jun15 Dec16 Dec17 Dec18 May21 Sep23 Sep24 Sep25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.42 -12.82 -2.59 -1.48 -2.36

Lambo Group Bhd Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 Aug22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.95 -2.45 -2.36 -2.79 -2.75

XKLS:0018 vs AMZN, BABA, PDD: Beneish M-Score Comparison

For the Internet Retail subindustry, Lambo Group 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.

Lambo Group Bhd Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lambo Group Bhd's Beneish M-Score distribution charts can be found below:

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


Lambo Group 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 Lambo Group 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 * 0.9271+0.528 * 0.9882+0.404 * 0.9949+0.892 * 1.0278+0.115 * 0.8105
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0674+4.679 * -0.047638-0.327 * 0.889
=-2.75

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM29.59 Mil.
Revenue was 10.095 + 9.104 + 12.499 + 12.485 = RM44.18 Mil.
Gross Profit was 5.107 + 4.268 + 3.918 + 4.87 = RM18.16 Mil.
Total Current Assets was RM40.95 Mil.
Total Assets was RM177.76 Mil.
Property, Plant and Equipment(Net PPE) was RM29.77 Mil.
Depreciation, Depletion and Amortization(DDA) was RM4.20 Mil.
Selling, General, & Admin. Expense(SGA) was RM23.14 Mil.
Total Current Liabilities was RM9.75 Mil.
Long-Term Debt & Capital Lease Obligation was RM7.83 Mil.
Net Income was 3.856 + 2.931 + 4.462 + -14.967 = RM-3.72 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -1.335 + -0.823 + 4.31 + 2.598 = RM4.75 Mil.
 Total Receivables was RM31.05 Mil.
Revenue was 15.669 + 13.44 + 8.392 + 5.486 = RM42.99 Mil.
Gross Profit was 6.931 + 4.164 + 4.725 + 1.643 = RM17.46 Mil.
Total Current Assets was RM42.56 Mil.
Total Assets was RM188.00 Mil.
Property, Plant and Equipment(Net PPE) was RM31.66 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.53 Mil.
Selling, General, & Admin. Expense(SGA) was RM21.09 Mil.
Total Current Liabilities was RM11.42 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.49 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)
=(29.587 / 44.183) / (31.05 / 42.987)
=0.669647 / 0.722311
=0.9271

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)
=(17.463 / 42.987) / (18.163 / 44.183)
=0.406239 / 0.411086
=0.9882

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 - (40.953 + 29.77) / 177.757) / (1 - (42.56 + 31.655) / 188.001)
=0.602137 / 0.605241
=0.9949

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
=44.183 / 42.987
=1.0278

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))
=(3.526 / (3.526 + 31.655)) / (4.201 / (4.201 + 29.77))
=0.100225 / 0.123664
=0.8105

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)
=(23.139 / 44.183) / (21.092 / 42.987)
=0.523708 / 0.49066
=1.0674

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)
=((7.828 + 9.747) / 177.757) / ((9.487 + 11.422) / 188.001)
=0.098871 / 0.111217
=0.889

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
=(-3.718 - 0 - 4.75) / 177.757
=-0.047638

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.

Lambo Group Bhd has a M-score of -2.75 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 -2.75 mean?
Lambo Group Bhd (XKLS:0018) has a Beneish M-Score of -2.75 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lambo Group Bhd and its competitors.
Is Lambo Group Bhd's Beneish M-Score too high?
Lambo Group Bhd's current Beneish M-Score is -2.75.
How does Lambo Group Bhd's Beneish M-Score compare to AMZN and BABA?
Lambo Group Bhd's Beneish M-Score of -2.75 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Lambo Group Bhd and its competitors. Lambo Group Bhd's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lambo Group Bhd stock overvalued right now?
Lambo Group Bhd (XKLS:0018) has a current Beneish M-Score of -2.75. The stock's GF Value™ is RM0.04, compared to a current price of RM0.01 — trading 87.5% below its estimated fair value. The current Beneish M-Score is -2.75. 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 Lambo Group Bhd (XKLS:0018), the current Beneish M-Score is -2.75 as of Jun. 25, 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.

Lambo Group Bhd Business Description

Address No. 8, Persiaran Tropicana, Lot 11.1, 11th Floor, Menara Lien Hoe, Tropicana Golf & Country Resort, Petaling Jaya, SGR, MYS, 47410
Lambo Group Bhd is a Malaysia-based company involved in providing E-commerce platforms, logistic services and retail business. Its segments are IT consultancy and E-commerce services, Logistic services, Others and Retail. The IT consultancy and E-commerce services segment includes IT services to SMEs and Business to Customer platform e-commerce businesses. The Logistic services segment includes Provision for logistics and delivery of goods from transportation hubs to the final delivery destination. The Retail segment includes wholesale supply of live seafood to restaurants and customers.