LGMS BhdXKLS:0249 -1.09%77 Beneish M-Score is -2.55 as of Jul. 02, 2026. GuruFocus rates XKLS:0249 with a GF Score™ of 77/100 and a GF Value™ of RM1.29 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,631 Software companies, LGMS Bhd ranks better than 50.44% 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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for LGMS Bhd's Beneish M-Score or its related term are showing as below:
XKLS:0249'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.18 Med: -2.17 Max: -1.36
Current: -2.55
During the past 8 years, the highest Beneish M-Score of LGMS Bhd was -1.36. The lowest was -3.18. And the median was -2.17.
LGMS Bhd Beneish M-Score Related Terms
LGMS Bhd Beneish M-Score Historical Data
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The historical data trend for LGMS 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:0249 vs IBM, ACN, FISV: Beneish M-Score Comparison
For the Information Technology Services subindustry, LGMS 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.
LGMS Bhd Beneish M-Score vs Software Industry
For the Software industry and Technology sector, LGMS Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where LGMS 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 LGMS 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 * 0.9667
+
0.528 * 1.1003
+
0.404 * 0.9485
+
0.892 * 1.0064
+
0.115 * 0.8455
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.01479
-
0.327 * 0.9687
=
-2.55
* 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))
=
(1.061 / (1.061 + 17.199))
/
(1.42 / (1.42 + 19.243))
=
0.058105
/
0.068722
=
0.8455
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
=
(10.218 - 0
-
11.916)
/
114.807
=
-0.01479
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.
LGMS Bhd has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.
LGMS Bhd (XKLS:0249) has a Beneish M-Score of -2.55 as of Jul. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on LGMS Bhd and its competitors. According to the industry distribution chart, LGMS Bhd ranks #1304 out of 2631 companies in the Software industry, placing it in the top 49.6%.
Is LGMS Bhd's Beneish M-Score too high?
LGMS Bhd's current Beneish M-Score is -2.55. Based on the distribution chart, LGMS Bhd ranks #1304 out of 2631 companies in the Software industry, which is above the industry midpoint. Overall, LGMS Bhd has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LGMS Bhd's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, LGMS Bhd ranks #1304 out of 2631 companies for Beneish M-Score. This puts LGMS 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 Software company?
A good Beneish M-Score depends on the Software 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 LGMS Bhd and its competitors. LGMS Bhd's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LGMS Bhd stock overvalued right now?
Based on GuruFocus' analysis, LGMS Bhd (XKLS:0249) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.29, compared to a current price of RM0.46 — trading 64.7% below its estimated fair value. The current Beneish M-Score is -2.55. LGMS Bhd's overall GF Score™ is 77/100 with 5 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 LGMS Bhd (XKLS:0249), the current Beneish M-Score is -2.55 as of Jul. 02, 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 LGMS Bhd (XKLS:0249) Overvalued in 2026?
Based on GuruFocus' analysis, LGMS Bhd stock appears to be undervalued.
The current stock price of RM0.46 is trading 64.7% below its estimated GF Value™ of RM1.29.
GuruFocus considers LGMS Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0249:
Beneish M-Score: -2.55
GF Value™: RM1.29 vs. price of RM0.46 (64.7% below fair value)
No single metric tells the full story. See the XKLS:0249 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LGMS Bhd is an independent provider of professional cybersecurity services involved in cybersecurity assessment and penetration testing, cyber security management and compliance services as well as digital forensics. The company has three segments Cyber risk prevention Involved in the provision of security vulnerability assessment and penetration testing, training, and risk scoring; Cyber risk management and compliance Involved in the provision of cybersecurity advisory, certification, and compliance services; and Cyber threat and incident response Involved in the provision of digital forensics and computer crime investigations, cybersecurity incident response and compromise assessment. It generates revenue from Cyber risk prevention.
77GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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