Taghill Holdings Bhd (XKLS:0241) Beneish M-Score: -3.30 (As of Jun. 25, 2026)


What is Taghill Holdings Bhd Beneish M-Score?

Taghill Holdings Bhd XKLS:0241 Beneish M-Score is -3.30 as of Jun. 25, 2026. The stock has 2 warning signs investors should review. Among 1,704 Construction companies, Taghill Holdings Bhd ranks better than 89.96% 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 -3.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0241' s Beneish M-Score Range Over the Past 10 Years
Min: -13.02   Med: -2.32   Max: -0.7
Current: -3.3

During the past 6 years, the highest Beneish M-Score of Taghill Holdings Bhd was -0.70. The lowest was -13.02. And the median was -2.32.

Taghill Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Taghill 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.

Taghill Holdings Bhd Beneish M-Score Chart

Taghill Holdings Bhd Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -2.49

Taghill Holdings Bhd Quarterly Data
Dec19 Dec20 Jul21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Aug25 Nov25 Feb26
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 -1.15 -1.06 -0.70 -2.48 -3.30

XKLS:0241 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Taghill 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.

Taghill Holdings Bhd Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Taghill Holdings Bhd's Beneish M-Score distribution charts can be found below:

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


Taghill Holdings 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 Taghill 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 * 0.7089+0.528 * 0.6864+0.404 * 0.6751+0.892 * 1.6355+0.115 * 0.7789
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 4.6598+4.679 * -0.026291-0.327 * 1.1352
=-3.30

* 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 (Feb26) TTM:Last Year (Dec24) TTM:
Total Receivables was RM585.1 Mil.
Revenue was 194.124 + 211.707 + 210.178 + 185.665 = RM801.7 Mil.
Gross Profit was 5.853 + 13.966 + 10.612 + 17.33 = RM47.8 Mil.
Total Current Assets was RM662.5 Mil.
Total Assets was RM752.3 Mil.
Property, Plant and Equipment(Net PPE) was RM35.6 Mil.
Depreciation, Depletion and Amortization(DDA) was RM20.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM67.4 Mil.
Total Current Liabilities was RM635.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM10.7 Mil.
Net Income was -2.736 + 1.417 + 1.594 + -44.637 = RM-44.4 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was -10.078 + -19.934 + 5.429 + 0 = RM-24.6 Mil.
 Total Receivables was RM504.7 Mil.
Revenue was 235.755 + 189.912 + 38.256 + 26.261 = RM490.2 Mil.
Gross Profit was 8.332 + 6.995 + 2.548 + 2.171 = RM20.0 Mil.
Total Current Assets was RM556.3 Mil.
Total Assets was RM679.2 Mil.
Property, Plant and Equipment(Net PPE) was RM50.4 Mil.
Depreciation, Depletion and Amortization(DDA) was RM19.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM8.8 Mil.
Total Current Liabilities was RM484.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM29.3 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)
=(585.083 / 801.674) / (504.67 / 490.184)
=0.729827 / 1.029552
=0.7089

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)
=(20.046 / 490.184) / (47.761 / 801.674)
=0.040895 / 0.059577
=0.6864

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 - (662.463 + 35.577) / 752.298) / (1 - (556.289 + 50.372) / 679.226)
=0.072123 / 0.106835
=0.6751

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
=801.674 / 490.184
=1.6355

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))
=(19.651 / (19.651 + 50.372)) / (20.036 / (20.036 + 35.577))
=0.280636 / 0.360275
=0.7789

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)
=(67.436 / 801.674) / (8.849 / 490.184)
=0.084119 / 0.018052
=4.6598

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)
=((10.681 + 635.108) / 752.298) / ((29.334 + 484.268) / 679.226)
=0.858422 / 0.756158
=1.1352

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
=(-44.362 - 0 - -24.583) / 752.298
=-0.026291

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.

Taghill Holdings Bhd has a M-score of -3.30 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 -3.30 mean?
Taghill Holdings Bhd (XKLS:0241) has a Beneish M-Score of -3.30 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Taghill Holdings Bhd and its competitors. According to the industry distribution chart, Taghill Holdings Bhd ranks #171 out of 1704 companies in the Construction industry, placing it in the top 10%.
Is Taghill Holdings Bhd's Beneish M-Score too high?
Taghill Holdings Bhd's current Beneish M-Score is -3.30. Based on the distribution chart, Taghill Holdings Bhd ranks #171 out of 1704 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.
How does Taghill Holdings Bhd's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Taghill Holdings Bhd ranks #171 out of 1704 companies for Beneish M-Score. This places Taghill Holdings Bhd in the top 10% 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 Taghill Holdings Bhd and its competitors. Taghill Holdings Bhd's current Beneish M-Score is -3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taghill Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Taghill Holdings Bhd (XKLS:0241) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.13, compared to a current price of RM0.06 — trading 57.7% below its estimated fair value. The current Beneish M-Score is -3.30. 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 Taghill Holdings Bhd (XKLS:0241), the current Beneish M-Score is -3.30 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.

Taghill Holdings Bhd Business Description

Address Jalan BK 5A/2B, D-21-0, Kinrara Niaga, Bandar Kinrara, Puchong, SGR, MYS, 47180
Taghill Holdings Bhd is a Malaysian investment holding company with core activities in building construction for both residential and non-residential projects. Its subsidiaries offer design and build services, construction, engineering, Building Information Modelling (BIM), and digitisation solutions. The company has completed numerous projects of high valuations, including high-end commercial developments, grade A office buildings, hypermarkets, industrial facilities, hospitals, and township developments. Its portfolio includes notable projects like the Expressionz Professional Suites and Ceylonz Suite in Kuala Lumpur. The company's only reportable segment is construction and civil engineering. Through its subsidiaries, it is also in the Information and Communication Technology segment.