Agmo Holdings Bhd (XKLS:0258) Beneish M-Score: -2.08 (As of Jun. 24, 2026)


XKLS:0258 Agmo Holdings Bhd XKLS:0258
61 GF Score
Price RM0.32
GF Value RM0.56
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Agmo Holdings Bhd Beneish M-Score?

Agmo Holdings Bhd XKLS:0258 +1.59% 61 Beneish M-Score is -2.08 as of Jun. 24, 2026. GuruFocus rates XKLS:0258 with a GF Score™ of 61/100 and a GF Value™ of RM0.56 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,633 Software companies, Agmo Holdings Bhd ranks worse than 73.57% 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 -2.08 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0258' s Beneish M-Score Range Over the Past 10 Years
Min: -2.08   Med: -1.11   Max: -0.91
Current: -2.08

During the past 8 years, the highest Beneish M-Score of Agmo Holdings Bhd was -0.91. The lowest was -2.08. And the median was -1.11.


Agmo Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Agmo 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.

Agmo Holdings Bhd Beneish M-Score Chart

Agmo Holdings Bhd Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -1.11 -0.91 -2.08

Agmo Holdings Bhd Quarterly Data
Mar19 Mar20 Mar21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.91 -1.16 -1.20 -1.50 -2.08

XKLS:0258 vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Agmo 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.


Agmo Holdings Bhd Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Agmo Holdings Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:0258
61GF Score
Agmo Holdings Bhd XKLS:0258
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agmo 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 Agmo 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 * 1.2621+0.528 * 0.8599+0.404 * 2.0228+0.892 * 0.9873+0.115 * 0.6622
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3706+4.679 * -0.000285-0.327 * 1.2031
=-2.08

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM22.00 Mil.
Revenue was 10.35 + 11.03 + 8.634 + 7.997 = RM38.01 Mil.
Gross Profit was 6.043 + 6.964 + 3.802 + 2.945 = RM19.75 Mil.
Total Current Assets was RM50.47 Mil.
Total Assets was RM66.76 Mil.
Property, Plant and Equipment(Net PPE) was RM1.86 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.08 Mil.
Selling, General, & Admin. Expense(SGA) was RM6.42 Mil.
Total Current Liabilities was RM6.65 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.10 Mil.
Net Income was 1.706 + 3.209 + 1.022 + 0.76 = RM6.70 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was 3.027 + 1.648 + 1.35 + 0.691 = RM6.72 Mil.
Total Receivables was RM17.66 Mil.
Revenue was 11.775 + 8.823 + 9.206 + 8.694 = RM38.50 Mil.
Gross Profit was 7.276 + 3.072 + 3.705 + 3.151 = RM17.20 Mil.
Total Current Assets was RM53.20 Mil.
Total Assets was RM62.20 Mil.
Property, Plant and Equipment(Net PPE) was RM2.36 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.27 Mil.
Selling, General, & Admin. Expense(SGA) was RM4.75 Mil.
Total Current Liabilities was RM4.92 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.31 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)
=(22.002 / 38.011) / (17.656 / 38.498)
=0.578832 / 0.458621
=1.2621

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)
=(17.204 / 38.498) / (19.754 / 38.011)
=0.44688 / 0.519692
=0.8599

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 - (50.467 + 1.857) / 66.764) / (1 - (53.196 + 2.356) / 62.203)
=0.216284 / 0.106924
=2.0228

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
=38.011 / 38.498
=0.9873

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))
=(1.267 / (1.267 + 2.356)) / (2.078 / (2.078 + 1.857))
=0.34971 / 0.528081
=0.6622

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)
=(6.421 / 38.011) / (4.745 / 38.498)
=0.168925 / 0.123253
=1.3706

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)
=((0.104 + 6.647) / 66.764) / ((0.308 + 4.92) / 62.203)
=0.101117 / 0.084047
=1.2031

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
=(6.697 - 0 - 6.716) / 66.764
=-0.000285

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.

Agmo Holdings Bhd has a M-score of -2.08 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 -2.08 mean?
Agmo Holdings Bhd (XKLS:0258) has a Beneish M-Score of -2.08 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Agmo Holdings Bhd and its competitors. According to the industry distribution chart, Agmo Holdings Bhd ranks #1937 out of 2633 companies in the Software industry, placing it in the top 73.6%.
Is Agmo Holdings Bhd's Beneish M-Score too high?
Agmo Holdings Bhd's current Beneish M-Score is -2.08. Based on the distribution chart, Agmo Holdings Bhd ranks #1937 out of 2633 companies in the Software industry, which is below the industry midpoint. Overall, Agmo Holdings Bhd has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Agmo Holdings Bhd's Beneish M-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Agmo Holdings Bhd ranks #1937 out of 2633 companies for Beneish M-Score. This places Agmo Holdings Bhd in the lower 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 Agmo Holdings Bhd and its competitors. Agmo Holdings Bhd's current Beneish M-Score is -2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agmo Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Agmo Holdings Bhd (XKLS:0258) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.56, compared to a current price of RM0.32 — trading 42.9% below its estimated fair value. The current Beneish M-Score is -2.08. Agmo Holdings Bhd's overall GF Score™ is 61/100 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 Agmo Holdings Bhd (XKLS:0258), the current Beneish M-Score is -2.08 as of Jun. 24, 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 Agmo Holdings Bhd (XKLS:0258) Overvalued in 2026?

Based on GuruFocus' analysis, Agmo Holdings Bhd stock appears to be undervalued. The current stock price of RM0.32 is trading 42.9% below its estimated GF Value™ of RM0.56. GuruFocus considers Agmo Holdings Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0258:

  • Beneish M-Score: -2.08
  • GF Value™: RM0.56 vs. price of RM0.32 (42.9% below fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the XKLS:0258 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agmo Holdings Bhd Business Description

Address Jalan PJU 8, Damansara Perdana, Level 38, Zetrix Tower, Empire City Damansara, Petaling Jaya, SGR, MYS, 47820
Agmo Holdings Bhd is an investment holding company involved in delivering comprehensive end-to-end solutions, including digital transformation consultancy and advisory services. It operates in four reportable segments: Development of bespoke digital solutions, Provision of digital platform-based services, Provision of subscription, hosting, technical support, and maintenance services, and Provision of training and development services. It generates the majority of its revenue from the Development of bespoke digital solutions that include project management, procurement of software, software application design, deployment, testing of software applications, and Other. Geographically, it generates revenue from Malaysia and has a presence in Hong Kong, Singapore, Thailand, and Other countries.
61GF Score

Get the complete analysis for XKLS:0258

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.32
Price
RM0.56
GF Value