Go Hub Capital Bhd (XKLS:0311) Beneish M-Score: -1.44 (As of Jun. 26, 2026)


XKLS:0311 Go Hub Capital Bhd XKLS:0311
45 GF Score
Price RM1.20
! 6 Warning Signs
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What is Go Hub Capital Bhd Beneish M-Score?

Go Hub Capital Bhd XKLS:0311 -0.81% 45 Beneish M-Score is -1.44 as of Jun. 26, 2026. GuruFocus rates XKLS:0311 with a GF Score™ of 45/100. The stock has 6 warning signs investors should review. Among 2,634 Software companies, Go Hub Capital Bhd ranks worse than 85.5% 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.

Warning Sign:

Beneish M-Score -1.44 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:0311' s Beneish M-Score Range Over the Past 10 Years
Min: -1.44   Med: -1.31   Max: -1.08
Current: -1.44

During the past 6 years, the highest Beneish M-Score of Go Hub Capital Bhd was -1.08. The lowest was -1.44. And the median was -1.31.


Go Hub Capital Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Go Hub Capital 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.

Go Hub Capital Bhd Beneish M-Score Chart

Go Hub Capital Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -1.08

Go Hub Capital Bhd Quarterly Data
Dec20 Dec21 Dec22 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 0.00 0.00 -1.31 -1.08 -1.44

XKLS:0311 vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Go Hub Capital 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.


Go Hub Capital Bhd Beneish M-Score vs Software Industry

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

* The bar in red indicates where Go Hub Capital Bhd's Beneish M-Score falls into.


XKLS:0311
45GF Score
Go Hub Capital Bhd XKLS:0311
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Go Hub Capital 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 Go Hub Capital 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 * 1.2098+0.528 * 1.002+0.404 * 0.9457+0.892 * 1.2563+0.115 * 0.8863
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7939+4.679 * 0.113423-0.327 * 0.7463
=-1.44

* 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 RM59.54 Mil.
Revenue was 14.227 + 12.221 + 11.647 + 11.247 = RM49.34 Mil.
Gross Profit was 7.5 + 6.129 + 6.327 + 5.906 = RM25.86 Mil.
Total Current Assets was RM85.17 Mil.
Total Assets was RM114.74 Mil.
Property, Plant and Equipment(Net PPE) was RM24.49 Mil.
Depreciation, Depletion and Amortization(DDA) was RM4.31 Mil.
Selling, General, & Admin. Expense(SGA) was RM12.34 Mil.
Total Current Liabilities was RM14.86 Mil.
Long-Term Debt & Capital Lease Obligation was RM10.97 Mil.
Net Income was 1.775 + 1.812 + 1.807 + 1.453 = RM6.85 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was -6.699 + -0.288 + -1.142 + 1.962 = RM-6.17 Mil.
Total Receivables was RM39.17 Mil.
Revenue was 9.407 + 10.039 + 9.888 + 9.941 = RM39.28 Mil.
Gross Profit was 4.31 + 5.855 + 5.677 + 4.784 = RM20.63 Mil.
Total Current Assets was RM59.91 Mil.
Total Assets was RM86.51 Mil.
Property, Plant and Equipment(Net PPE) was RM22.55 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.45 Mil.
Selling, General, & Admin. Expense(SGA) was RM12.38 Mil.
Total Current Liabilities was RM12.89 Mil.
Long-Term Debt & Capital Lease Obligation was RM13.21 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)
=(59.535 / 49.342) / (39.169 / 39.275)
=1.206579 / 0.997301
=1.2098

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)
=(20.626 / 39.275) / (25.862 / 49.342)
=0.525169 / 0.524138
=1.002

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 - (85.169 + 24.494) / 114.739) / (1 - (59.909 + 22.553) / 86.509)
=0.04424 / 0.046781
=0.9457

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
=49.342 / 39.275
=1.2563

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))
=(3.445 / (3.445 + 22.553)) / (4.306 / (4.306 + 24.494))
=0.13251 / 0.149514
=0.8863

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)
=(12.344 / 49.342) / (12.377 / 39.275)
=0.250172 / 0.315137
=0.7939

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)
=((10.973 + 14.86) / 114.739) / ((13.207 + 12.893) / 86.509)
=0.225146 / 0.301703
=0.7463

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
=(6.847 - 0 - -6.167) / 114.739
=0.113423

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.

Go Hub Capital Bhd has a M-score of -1.44 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 -1.44 mean?
Go Hub Capital Bhd (XKLS:0311) has a Beneish M-Score of -1.44 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Go Hub Capital Bhd and its competitors. According to the industry distribution chart, Go Hub Capital Bhd ranks #2252 out of 2634 companies in the Software industry, placing it in the top 85.5%.
Is Go Hub Capital Bhd's Beneish M-Score too high?
Go Hub Capital Bhd's current Beneish M-Score is -1.44. Based on the distribution chart, Go Hub Capital Bhd ranks #2252 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Go Hub Capital Bhd has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Go Hub Capital Bhd's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Go Hub Capital Bhd ranks #2252 out of 2634 companies for Beneish M-Score. This places Go Hub Capital 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 Go Hub Capital Bhd and its competitors. Go Hub Capital Bhd's current Beneish M-Score is -1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Hub Capital Bhd stock overvalued right now?
Go Hub Capital Bhd (XKLS:0311) has a current Beneish M-Score of -1.44. The current Beneish M-Score is -1.44. Go Hub Capital Bhd's overall GF Score™ is 45/100 with 6 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 Go Hub Capital Bhd (XKLS:0311), the current Beneish M-Score is -1.44 as of Jun. 26, 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.

Go Hub Capital Bhd Business Description

Address 11-G-01, Corporate Park, Star Central, Lingkaran Cyber Point, Timur, Cyber 12, Cyberjaya, SGR, MYS, 63000
Go Hub Capital Bhd is engaged in Provision of enterprise IT services, focusing on providing transportation IT solutions including customised software development systems and integration of hardware and software systems. The activities of the company also include maintenance and support services as well as terminal management services. The business segments of the compay includes Transportation IT solutions and Other IT solutions. Transportation IT solutions focuses on Provision of IT solutions and related services, focusing on transportation IT solutions. The Other IT solutions is engaged in development and customizing solution systems for various other end-user applications.
45GF Score

Get the complete analysis for XKLS:0311

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

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