LPC Group Bhd (XKLS:03065) Beneish M-Score: -1.79 (As of Jun. 27, 2026)


XKLS:03065 LPC Group Bhd XKLS:03065
16 GF Score
Price RM0.50
! 2 Warning Signs
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What is LPC Group Bhd Beneish M-Score?

LPC Group Bhd XKLS:03065 16 Beneish M-Score is -1.79 as of Jun. 27, 2026. GuruFocus rates XKLS:03065 with a GF Score™ of 16/100. The stock has 2 warning signs investors should review.

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 -1.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:03065' s Beneish M-Score Range Over the Past 10 Years
Min: -1.79   Med: -1.79   Max: -1.79
Current: -1.79

During the past 3 years, the highest Beneish M-Score of LPC Group Bhd was -1.79. The lowest was -1.79. And the median was -1.79.

LPC Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for LPC 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.

LPC Group Bhd Beneish M-Score Chart

LPC Group Bhd Annual Data
Trend Apr23 Apr24 Apr25
Beneish M-Score
0.00 0.00 -1.79

LPC Group Bhd Semi-Annual Data
Apr23 Apr24 Apr25 Oct25
Beneish M-Score 0.00 0.00 -1.79 0.00

XKLS:03065 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, LPC 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.

LPC Group Bhd Beneish M-Score vs Construction Industry

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

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


XKLS:03065
16GF Score
LPC Group Bhd XKLS:03065
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LPC 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 LPC 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 * 0.9248+0.528 * 1.6108+0.404 * 0.8058+0.892 * 1.262+0.115 * 0.4186
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.5964+4.679 * 0.0521-0.327 * 0.8879
=-1.79

* 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 (Apr25) TTM:Last Year (Apr24) TTM:
Total Receivables was RM32.26 Mil.
Revenue was RM41.59 Mil.
Gross Profit was RM4.16 Mil.
Total Current Assets was RM40.21 Mil.
Total Assets was RM50.81 Mil.
Property, Plant and Equipment(Net PPE) was RM1.71 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.50 Mil.
Selling, General, & Admin. Expense(SGA) was RM1.88 Mil.
Total Current Liabilities was RM20.00 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Net Income was RM3.26 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM0.61 Mil.
 Total Receivables was RM27.64 Mil.
Revenue was RM32.96 Mil.
Gross Profit was RM5.31 Mil.
Total Current Assets was RM35.56 Mil.
Total Assets was RM50.63 Mil.
Property, Plant and Equipment(Net PPE) was RM4.09 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.42 Mil.
Selling, General, & Admin. Expense(SGA) was RM2.50 Mil.
Total Current Liabilities was RM22.40 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.06 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)
=(32.26 / 41.591) / (27.642 / 32.957)
=0.775649 / 0.838729
=0.9248

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)
=(5.306 / 32.957) / (4.157 / 41.591)
=0.160998 / 0.09995
=1.6108

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 - (40.207 + 1.712) / 50.806) / (1 - (35.556 + 4.085) / 50.632)
=0.17492 / 0.217076
=0.8058

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
=41.591 / 32.957
=1.262

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))
=(0.424 / (0.424 + 4.085)) / (0.496 / (0.496 + 1.712))
=0.094034 / 0.224638
=0.4186

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)
=(1.878 / 41.591) / (2.495 / 32.957)
=0.045154 / 0.075705
=0.5964

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 + 20.003) / 50.806) / ((0.056 + 22.395) / 50.632)
=0.393713 / 0.443415
=0.8879

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
=(3.261 - 0 - 0.614) / 50.806
=0.0521

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.

LPC Group Bhd has a M-score of -1.79 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 -1.79 mean?
LPC Group Bhd (XKLS:03065) has a Beneish M-Score of -1.79 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on LPC Group Bhd and its competitors.
Is LPC Group Bhd's Beneish M-Score too high?
LPC Group Bhd's current Beneish M-Score is -1.79. Overall, LPC Group Bhd has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does LPC Group Bhd's Beneish M-Score compare to PWR and FIX?
LPC Group Bhd's Beneish M-Score of -1.79 can be compared against companies in the Construction 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 LPC Group Bhd and its competitors. LPC Group Bhd's current Beneish M-Score is -1.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LPC Group Bhd stock overvalued right now?
LPC Group Bhd (XKLS:03065) has a current Beneish M-Score of -1.79. The current Beneish M-Score is -1.79. LPC Group Bhd's overall GF Score™ is 16/100 with 2 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 LPC Group Bhd (XKLS:03065), the current Beneish M-Score is -1.79 as of Jun. 27, 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.

LPC Group Bhd Business Description

Address Jalan Melaka Raya 33, No. 2, 2-1, 2-2, Taman Melaka Raya 1, Melaka, MYS, 75000
LPC Group Bhd is a registered CIDB G7 contractor, capable of undertaking construction projects of unlimited contract values in Malaysia. It is principally engaged in the following construction activities: (i) Infrastructure Works: Focusing on drainage, retaining walls, detention ponds and roads. (ii) Building Works: Focusing on residential, commercial and industrial buildings. As the project manager, the company plays a central role in planning, managing and overseeing the overall execution of construction projects including coordinating with suppliers and subcontractors to ensure timely completion of project within the contractual period.
16GF Score

Get the complete analysis for XKLS:03065

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

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