YBS International Bhd (XKLS:0025) Beneish M-Score: 0.23 (As of Jul. 07, 2026)

What is YBS International Bhd Beneish M-Score?

YBS International Bhd XKLS:0025 -1.56% 43 Beneish M-Score is 0.23 as of Jul. 07, 2026. GuruFocus rates XKLS:0025 with a GF Score™ of 43/100 and a GF Value™ of RM0.91 (Possible Value Trap). The stock has 11 warning signs investors should review. Among 2,916 Industrial Products companies, YBS International Bhd ranks worse than 96.6% 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.

Warning Sign:

Beneish M-Score 0.23 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:0025' s Beneish M-Score Range Over the Past 10 Years
Min: -3.03 Med: -2.45 Max: 0.23
Current: 0.23

During the past 13 years, the highest Beneish M-Score of YBS International Bhd was 0.23. The lowest was -3.03. And the median was -2.45.

YBS International Bhd Beneish M-Score Related Terms

YBS International Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for YBS International 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.

YBS International Bhd Beneish M-Score Chart

YBS International Bhd Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.35

-2.42

-2.40

-0.18

0.23

YBS International 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															-0.18	0.22	0.66	0.08	0.23

XKLS:0025 vs GEV, ETN, PH: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, YBS International 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.

YBS International Bhd Beneish M-Score vs Industrial Products Industry

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

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

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43GF Score

YBS International Bhd XKLS:0025

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

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YBS International 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 YBS International 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 * 4.1412

0.528 * 0.9234

0.404 * 0.8015

0.892 * 1.2695

0.115 * 1.0599

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1947

4.679 * -0.014564

0.327 * 1.6252

0.23

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was RM135.6 Mil.
Revenue was 37.72 + 36.034 + 37.725 + 38.982 = RM150.5 Mil.
Gross Profit was 3.499 + 4.807 + 4.054 + 6.306 = RM18.7 Mil.
Total Current Assets was RM168.0 Mil.
Total Assets was RM417.9 Mil.
Property, Plant and Equipment(Net PPE) was RM91.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM11.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM37.2 Mil.
Total Current Liabilities was RM92.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM138.6 Mil.
Net Income was 19.456 + -3.181 + -1.723 + 0.111 = RM14.7 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 18.664 + 2.702 + 0.886 + -1.503 = RM20.7 Mil.

Total Receivables was RM25.8 Mil.
Revenue was 30.226 + 27.566 + 28.99 + 31.739 = RM118.5 Mil.
Gross Profit was 2.957 + 3.75 + 1.878 + 4.993 = RM13.6 Mil.
Total Current Assets was RM63.1 Mil.
Total Assets was RM224.8 Mil.
Property, Plant and Equipment(Net PPE) was RM55.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.1 Mil.
Selling, General, & Admin. Expense(SGA) was RM24.5 Mil.
Total Current Liabilities was RM34.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM42.0 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)
	=	(135.567 / 150.461)	/	(25.787 / 118.521)
	=	0.901011	/	0.217573
	=	4.1412

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)
	=	(13.578 / 118.521)	/	(18.666 / 150.461)
	=	0.114562	/	0.124059
	=	0.9234

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 - (167.971 + 91.126) / 417.867)	/	(1 - (63.111 + 55.096) / 224.751)
	=	0.379953	/	0.474054
	=	0.8015

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
	=	150.461	/	118.521
	=	1.2695

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))
	=	(7.08 / (7.08 + 55.096))	/	(10.968 / (10.968 + 91.126))
	=	0.11387	/	0.10743
	=	1.0599

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)
	=	(37.19 / 150.461)	/	(24.521 / 118.521)
	=	0.247174	/	0.206892
	=	1.1947

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)
	=	((138.636 + 92.543) / 417.867)	/	((42.04 + 34.469) / 224.751)
	=	0.553236	/	0.340417
	=	1.6252

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
	=	(14.663 - 0	-	20.749)	/	417.867
	=	-0.014564

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.

YBS International Bhd has a M-score of 0.23 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 0.23 mean?

YBS International Bhd (XKLS:0025) has a Beneish M-Score of 0.23 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on YBS International Bhd and its competitors. According to the industry distribution chart, YBS International Bhd ranks #2817 out of 2916 companies in the Industrial Products industry, placing it in the top 96.6%.

Is YBS International Bhd's Beneish M-Score too high?

YBS International Bhd's current Beneish M-Score is 0.23. Based on the distribution chart, YBS International Bhd ranks #2817 out of 2916 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, YBS International Bhd has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does YBS International Bhd's Beneish M-Score compare to GEV and ETN?

According to the Industrial Products industry distribution chart, YBS International Bhd ranks #2817 out of 2916 companies for Beneish M-Score. This places YBS International 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 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 YBS International Bhd and its competitors. YBS International Bhd's current Beneish M-Score is 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is YBS International Bhd stock overvalued right now?

Based on GuruFocus' analysis, YBS International Bhd (XKLS:0025) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.91, compared to a current price of RM0.32 — trading 65.4% below its estimated fair value. The current Beneish M-Score is 0.23. YBS International Bhd's overall GF Score™ is 43/100 with 11 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 YBS International Bhd (XKLS:0025), the current Beneish M-Score is 0.23 as of Jul. 07, 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 YBS International Bhd (XKLS:0025) Overvalued in 2026?

Based on GuruFocus' analysis, YBS International Bhd stock appears to be undervalued. The current stock price of RM0.32 is trading 65.4% below its estimated GF Value™ of RM0.91. GuruFocus considers YBS International Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0025:

Beneish M-Score: 0.23
GF Value™: RM0.91 vs. price of RM0.32 (65.4% below fair value)
GF Score™: 43/100 with 11 warning signs

No single metric tells the full story. See the XKLS:0025 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

YBS International Bhd Business Description

Industry Industrials Industrial Products

Comparable Companies XKLS:03061 XKLS:5068 XKLS:0317 XKLS:5152 XKLS:0362 XKLS:0209 XKLS:0231 XKLS:5208 XKLS:0188 XKLS:0072 GEV XTER:SIE XPAR:SU ETN XTER:ENR PH CMI OSTO:ATCO A EMR ITW

Address No. 978, Lorong Perindustrian Bukit Minyak 20, Taman Perindustrian Bukit Minyak, Simpang Ampat, PNG, MYS, 14100

Website https://www.ybsinternational.com

YBS International Bhd is a Malaysian-based investment holding company involved in the provision of management services. It operates in the following main segments: Precision engineering and plastic injection molding, Precision machining and stamping, Paper products, Investment, and Electronic manufacturing services. The company earns maximum revenue from the Precision machining and stamping segment, which is involved in the manufacture and sale of precision machining and stamping components for the telecommunication, industrial sensors, switches, electronic equipment and other industries, and the provision of related specialised engineering services.

43GF Score

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

RM0.32

Price

RM0.91

GF Value

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