Trive Property Group Bhd (XKLS:0118) Beneish M-Score: -2.63 (As of Jul. 04, 2026)


What is Trive Property Group Bhd Beneish M-Score?

Trive Property Group Bhd XKLS:0118 Beneish M-Score is -2.63 as of Jul. 04, 2026. The stock has 3 warning signs investors should review. Among 987 Semiconductors companies, Trive Property Group Bhd ranks better than 63.53% 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 -2.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0118' s Beneish M-Score Range Over the Past 10 Years
Min: -5210.51   Med: -2.83   Max: -0.42
Current: -2.63

During the past 13 years, the highest Beneish M-Score of Trive Property Group Bhd was -0.42. The lowest was -5210.51. And the median was -2.83.

Trive Property Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Trive Property 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.

Trive Property Group Bhd Beneish M-Score Chart

Trive Property Group Bhd Annual Data
Trend Aug09 Aug10 Aug11 Jan17 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.76 -2.64 -1.98 -3.02 -2.63

Trive Property Group Bhd Quarterly Data
Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25
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 -2.63 0.00 0.00 0.00 -0.42

XKLS:0118 vs FSLR, NXT, ENPH: Beneish M-Score Comparison

For the Solar subindustry, Trive Property 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.

Trive Property Group Bhd Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Trive Property Group Bhd's Beneish M-Score distribution charts can be found below:

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


Trive Property 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 Trive Property 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 * 1.0245+0.528 * 1.2005+0.404 * 1.0014+0.892 * 1.0758+0.115 * 0.7112
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.2903+4.679 * -0.051372-0.327 * 1.6114
=-2.63

* 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 (Jul24) TTM:Last Year (Jul23) TTM:
Total Receivables was RM5.29 Mil.
Revenue was RM9.84 Mil.
Gross Profit was RM1.13 Mil.
Total Current Assets was RM29.70 Mil.
Total Assets was RM123.36 Mil.
Property, Plant and Equipment(Net PPE) was RM0.16 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.20 Mil.
Selling, General, & Admin. Expense(SGA) was RM1.77 Mil.
Total Current Liabilities was RM6.91 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Net Income was RM-5.41 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM0.93 Mil.
 Total Receivables was RM4.80 Mil.
Revenue was RM9.14 Mil.
Gross Profit was RM1.26 Mil.
Total Current Assets was RM30.42 Mil.
Total Assets was RM125.93 Mil.
Property, Plant and Equipment(Net PPE) was RM0.21 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.13 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.66 Mil.
Total Current Liabilities was RM4.37 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.01 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)
=(5.289 / 9.837) / (4.799 / 9.144)
=0.537664 / 0.524825
=1.0245

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)
=(1.261 / 9.144) / (1.13 / 9.837)
=0.137905 / 0.114872
=1.2005

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 - (29.701 + 0.164) / 123.355) / (1 - (30.416 + 0.205) / 125.93)
=0.757894 / 0.756841
=1.0014

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
=9.837 / 9.144
=1.0758

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))
=(0.131 / (0.131 + 0.205)) / (0.199 / (0.199 + 0.164))
=0.389881 / 0.548209
=0.7112

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)
=(1.769 / 9.837) / (5.664 / 9.144)
=0.179831 / 0.619423
=0.2903

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)
=((0 + 6.909) / 123.355) / ((0.011 + 4.366) / 125.93)
=0.056009 / 0.034757
=1.6114

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
=(-5.408 - 0 - 0.929) / 123.355
=-0.051372

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.

Trive Property Group Bhd has a M-score of -2.63 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 -2.63 mean?
Trive Property Group Bhd (XKLS:0118) has a Beneish M-Score of -2.63 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Trive Property Group Bhd and its competitors. According to the industry distribution chart, Trive Property Group Bhd ranks #360 out of 987 companies in the Semiconductors industry, placing it in the top 36.5%.
Is Trive Property Group Bhd's Beneish M-Score too high?
Trive Property Group Bhd's current Beneish M-Score is -2.63. Based on the distribution chart, Trive Property Group Bhd ranks #360 out of 987 companies in the Semiconductors industry, which is above the industry midpoint.
How does Trive Property Group Bhd's Beneish M-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Trive Property Group Bhd ranks #360 out of 987 companies for Beneish M-Score. This puts Trive Property Group Bhd in the upper 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 a Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Trive Property Group Bhd and its competitors. Trive Property Group Bhd's current Beneish M-Score is -2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trive Property Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Trive Property Group Bhd (XKLS:0118) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.05, compared to a current price of RM0.02 — trading 60% below its estimated fair value. The current Beneish M-Score is -2.63. 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 Trive Property Group Bhd (XKLS:0118), the current Beneish M-Score is -2.63 as of Jul. 04, 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.

Trive Property Group Bhd Business Description

Address No.8, Jalan Kerinchi, Bangsar South, Level 1, Tower 11, Avenue 5, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Trive Property Group Bhd is a investment holding company. The Group's core operantional focus is centred on Commercial Property Asset Management (Leasing), renewable energy related activities, as well as Mechanical and Electrical ("M&E") engineering services. Its product includes Solar Power includes Solar Power Storage Solution System, Solar Power Street Light, Solar Power Light System, etc. Its operating segments are Renewable energy, Mechanical & electrical (M&E), Property investment, and Others. The company generates majority of revenue from Property Investment which includes Renting of office premises.