Jati Tinggi Group Bhd (XKLS:0292) Beneish M-Score: 0.00 (As of Jul. 08, 2026)


XKLS:0292 Jati Tinggi Group Bhd XKLS:0292
40 GF Score
Price RM0.65
! 3 Warning Signs
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What is Jati Tinggi Group Bhd Beneish M-Score?

Jati Tinggi Group Bhd XKLS:0292 +3.17% 40 Beneish M-Score is 0.00 as of Jul. 08, 2026. GuruFocus rates XKLS:0292 with a GF Score™ of 40/100. The stock has 3 warning signs investors should review. Among 1,700 Construction companies, Jati Tinggi Group Bhd ranks worse than 58823.47% 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.

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

During the past 6 years, the highest Beneish M-Score of Jati Tinggi Group Bhd was -1.41. The lowest was -2.65. And the median was -2.56.

Jati Tinggi Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jati Tinggi 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.

Jati Tinggi Group Bhd Beneish M-Score Chart

Jati Tinggi Group Bhd Annual Data
Trend Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 -1.41 -2.58

Jati Tinggi Group Bhd Quarterly Data
Nov20 Nov21 Nov22 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 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 -2.43 -2.56 -2.65 -2.58 0.00

XKLS:0292 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Jati Tinggi 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.

Jati Tinggi Group Bhd Beneish M-Score vs Construction Industry

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

* The bar in red indicates where Jati Tinggi Group Bhd's Beneish M-Score falls into.


XKLS:0292
40GF Score
Jati Tinggi Group Bhd XKLS:0292
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Jati Tinggi Group 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 Jati Tinggi 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Feb25) TTM:
Total Receivables was RM126.0 Mil.
Revenue was 74.44 + 84.852 + 52.956 + 32.242 = RM244.5 Mil.
Gross Profit was 5.53 + 9.188 + 10.192 + 4.708 = RM29.6 Mil.
Total Current Assets was RM202.6 Mil.
Total Assets was RM206.6 Mil.
Property, Plant and Equipment(Net PPE) was RM4.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM12.3 Mil.
Total Current Liabilities was RM105.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.6 Mil.
Net Income was 1.614 + 4.146 + 3.175 + 1.869 = RM10.8 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 6.539 + 6.273 + -4.119 + -1.137 = RM7.6 Mil.
 Total Receivables was RM93.7 Mil.
Revenue was 24.948 + 37.118 + 27.36 + 34.521 = RM123.9 Mil.
Gross Profit was 3.393 + 6.504 + 5.691 + 3.37 = RM19.0 Mil.
Total Current Assets was RM121.3 Mil.
Total Assets was RM124.0 Mil.
Property, Plant and Equipment(Net PPE) was RM2.8 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.3 Mil.
Selling, General, & Admin. Expense(SGA) was RM8.7 Mil.
Total Current Liabilities was RM56.6 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.9 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)
=(125.957 / 244.49) / (93.679 / 123.947)
=0.515183 / 0.755799
=

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)
=(18.958 / 123.947) / (29.618 / 244.49)
=0.152952 / 0.121142
=

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 - (202.619 + 3.957) / 206.576) / (1 - (121.27 + 2.778) / 124.048)
=0 / 0
=

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
=244.49 / 123.947
=

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))
=(1.29 / (1.29 + 2.778)) / (1.198 / (1.198 + 3.957))
=0.317109 / 0.232396
=

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)
=(12.298 / 244.49) / (8.672 / 123.947)
=0.050301 / 0.069965
=

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)
=((1.617 + 105.212) / 206.576) / ((0.906 + 56.584) / 124.048)
=0.517141 / 0.46345
=

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
=(10.804 - 0 - 7.556) / 206.576
=0.015723

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Jati Tinggi Group Bhd (XKLS:0292) has a Beneish M-Score of 0.00 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jati Tinggi Group Bhd and its competitors. According to the industry distribution chart, Jati Tinggi Group Bhd ranks #999999 out of 1700 companies in the Construction industry.
Is Jati Tinggi Group Bhd's Beneish M-Score too high?
Jati Tinggi Group Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, Jati Tinggi Group Bhd ranks #999999 out of 1700 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Jati Tinggi Group Bhd has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Jati Tinggi Group Bhd's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Jati Tinggi Group Bhd ranks #999999 out of 1700 companies for Beneish M-Score. This places Jati Tinggi Group 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 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 Jati Tinggi Group Bhd and its competitors. Jati Tinggi Group Bhd's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jati Tinggi Group Bhd stock overvalued right now?
Jati Tinggi Group Bhd (XKLS:0292) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Jati Tinggi Group Bhd's overall GF Score™ is 40/100 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 Jati Tinggi Group Bhd (XKLS:0292), the current Beneish M-Score is 0.00 as of Jul. 08, 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.

Jati Tinggi Group Bhd Business Description

Address No 23 & 25, Jalan Temenggung 13/9, Bandar Mahkota Cheras, Seksyen 9, Cheras, SGR, MYS, 43200
Jati Tinggi Group Bhd is an infrastructure utilities engineering solutions company. It has two segments: the provision of underground and overhead utilities engineering services and solutions, and also provides other services, namely substation EPCC services, trading of equipment for substations as well as street lighting services. It geographically operates only in Malaysia.
40GF Score

Get the complete analysis for XKLS:0292

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

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