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Bioalpha Holdings BhdXKLS:0179 Beneish M-Score is -3.98 as of Jul. 23, 2026. The stock has 7 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, Bioalpha Holdings Bhd ranks better than 96.11% 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 -3.98 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bioalpha Holdings Bhd's Beneish M-Score or its related term are showing as below:
XKLS:0179'
s Beneish M-Score Range Over the Past 10 Years
Min: -7.5 Med: -2.7 Max: 46.66
Current: -3.98
During the past 13 years, the highest Beneish M-Score of Bioalpha Holdings Bhd was 46.66. The lowest was -7.50. And the median was -2.70.
Bioalpha Holdings Bhd Beneish M-Score Related Terms
Bioalpha Holdings Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Bioalpha Holdings 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 Packaged Foods subindustry, Bioalpha Holdings 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.
Bioalpha Holdings Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bioalpha Holdings Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bioalpha Holdings 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 Bioalpha Holdings 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 * 6.057
+
0.528 * -5.6249
+
0.404 * 1.0775
+
0.892 * 0.147
+
0.115 * 1.2942
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 3.5275
+
4.679 * -0.317879
-
0.327 * 1.1011
=
-3.98
* 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))
=
(10.011 / (10.011 + 31.6))
/
(5.39 / (5.39 + 23.605))
=
0.240585
/
0.185894
=
1.2942
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
=
(-27.758 - 0
-
-3.823)
/
75.296
=
-0.317879
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.
Bioalpha Holdings Bhd has a M-score of -3.98 suggests that the company is unlikely to be a manipulator.
Bioalpha Holdings Bhd (XKLS:0179) has a Beneish M-Score of -3.98 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bioalpha Holdings Bhd and its competitors. According to the industry distribution chart, Bioalpha Holdings Bhd ranks #72 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 3.9%.
Is Bioalpha Holdings Bhd's Beneish M-Score too high?
Bioalpha Holdings Bhd's current Beneish M-Score is -3.98. Based on the distribution chart, Bioalpha Holdings Bhd ranks #72 out of 1851 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers.
How does Bioalpha Holdings Bhd's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Bioalpha Holdings Bhd ranks #72 out of 1851 companies for Beneish M-Score. This places Bioalpha Holdings Bhd in the top 4% 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Bioalpha Holdings Bhd and its competitors. Bioalpha Holdings Bhd's current Beneish M-Score is -3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bioalpha Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Bioalpha Holdings Bhd (XKLS:0179) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.01, compared to a current price of RM0.02 — trading 50% above its estimated fair value. The current Beneish M-Score is -3.98. 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 Bioalpha Holdings Bhd (XKLS:0179), the current Beneish M-Score is -3.98 as of Jul. 23, 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.
Bioalpha Holdings Bhd is a nutraceutical and health supplement group in Malaysia, operates a multi-faceted value chain that includes agricultural development, research and development (R&D), and the manufacturing of functional food and supplement products on an Original Design Manufacturer (ODM) basis. The business operates in segments that include Trading, Manufacturing, Retail pharmacy, and Others. It generates maximum revenue from Manufacturing segment, which involves Research, development, manufacture, importer, exporter, distribution and trader of nutritional and health care products. Geographically, the company derives majority revenue from Malaysia, while it also has its presence in China and Others.
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