Haily Group BhdXKLS:0237 70 Beneish M-Score is -3.04 as of Jun. 26, 2026. GuruFocus rates XKLS:0237 with a GF Score™ of 70/100 and a GF Value™ of RM0.28 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,704 Construction companies, Haily Group Bhd ranks better than 83.33% 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 -3.04 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Haily Group Bhd's Beneish M-Score or its related term are showing as below:
XKLS:0237'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.04 Med: -2.17 Max: -1.01
Current: -3.04
During the past 9 years, the highest Beneish M-Score of Haily Group Bhd was -1.01. The lowest was -3.04. And the median was -2.17.
Haily Group Bhd Beneish M-Score Related Terms
Haily Group Bhd Beneish M-Score Historical Data
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The historical data trend for Haily 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.
XKLS:0237 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Haily 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.
Haily Group Bhd Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Haily Group Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Haily Group 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 Haily 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 * 0.7282
+
0.528 * 1.0854
+
0.404 * 1.021
+
0.892 * 1.2376
+
0.115 * 0.9762
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9457
+
4.679 * -0.125093
-
0.327 * 0.984
=
-3.04
* 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))
=
(3.113 / (3.113 + 9.982))
/
(3.415 / (3.415 + 10.608))
=
0.237724
/
0.243528
=
0.9762
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
=
(11.4 - 0
-
42.882)
/
251.668
=
-0.125093
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.
Haily Group Bhd has a M-score of -3.04 suggests that the company is unlikely to be a manipulator.
Haily Group Bhd (XKLS:0237) has a Beneish M-Score of -3.04 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Haily Group Bhd and its competitors. According to the industry distribution chart, Haily Group Bhd ranks #284 out of 1704 companies in the Construction industry, placing it in the top 16.7%.
Is Haily Group Bhd's Beneish M-Score too high?
Haily Group Bhd's current Beneish M-Score is -3.04. Based on the distribution chart, Haily Group Bhd ranks #284 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Haily Group Bhd has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Haily Group Bhd's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Haily Group Bhd ranks #284 out of 1704 companies for Beneish M-Score. This places Haily Group Bhd in the top 17% 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Haily Group Bhd and its competitors. Haily Group Bhd's current Beneish M-Score is -3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haily Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Haily Group Bhd (XKLS:0237) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.18 — trading 35.7% below its estimated fair value. The current Beneish M-Score is -3.04. Haily Group Bhd's overall GF Score™ is 70/100 with 3 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 Haily Group Bhd (XKLS:0237), the current Beneish M-Score is -3.04 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 Haily Group Bhd (XKLS:0237) Overvalued in 2026?
Based on GuruFocus' analysis, Haily Group Bhd stock appears to be undervalued.
The current stock price of RM0.18 is trading 35.7% below its estimated GF Value™ of RM0.28.
GuruFocus considers Haily Group Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0237:
Beneish M-Score: -3.04
GF Value™: RM0.28 vs. price of RM0.18 (35.7% below fair value)
No single metric tells the full story. See the XKLS:0237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Haily Group Bhd is involved in the building construction of residential and non-residential buildings. Residential buildings consist of single and multi-dwelling buildings while non-residential buildings consist of commercial, purpose-built and industrial buildings. The Group's operates in two segments, namely the building construction and the others segments. The building construction segment, which derives maximum revenue comprises building construction activities of residential and non-residential buildings. The others segment is comprised of the civil engineering construction works, rental of construction machinery and equipment and agricultural activities of managing and harvesting of durian and other fruit. The Group operates only in Malaysia.
70GF Score
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