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OB Holdings BhdXKLS:0327 18 Beneish M-Score is -1.66 as of Jul. 16, 2026. GuruFocus rates XKLS:0327 with a GF Score™ of 18/100. The stock has 7 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, OB Holdings Bhd ranks worse than 84.98% 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 -1.66 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for OB Holdings Bhd's Beneish M-Score or its related term are showing as below:
XKLS:0327'
s Beneish M-Score Range Over the Past 10 Years
Min: -1.66 Med: -1.53 Max: -1.4
Current: -1.66
During the past 5 years, the highest Beneish M-Score of OB Holdings Bhd was -1.40. The lowest was -1.66. And the median was -1.53.
OB Holdings Bhd Beneish M-Score Related Terms
OB Holdings Bhd Beneish M-Score Historical Data
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The historical data trend for OB 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.
For the Packaged Foods subindustry, OB 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.
OB Holdings Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, OB Holdings Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where OB Holdings 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 OB 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 * 0.9637
+
0.528 * 0.9847
+
0.404 * 0.9925
+
0.892 * 1.6722
+
0.115 * 0.9484
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8418
+
4.679 * 0.054532
-
0.327 * 1.0283
=
-1.66
* 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))
=
(1.751 / (1.751 + 31.435))
/
(2.37 / (2.37 + 40.23))
=
0.052763
/
0.055634
=
0.9484
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
=
(7.881 - 0
-
3.341)
/
83.254
=
0.054532
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.
OB Holdings Bhd has a M-score of -1.66 signals that the company is likely to be a manipulator.
OB Holdings Bhd (XKLS:0327) has a Beneish M-Score of -1.66 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on OB Holdings Bhd and its competitors. According to the industry distribution chart, OB Holdings Bhd ranks #1573 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 85%.
Is OB Holdings Bhd's Beneish M-Score too high?
OB Holdings Bhd's current Beneish M-Score is -1.66. Based on the distribution chart, OB Holdings Bhd ranks #1573 out of 1851 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, OB Holdings Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does OB Holdings Bhd's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, OB Holdings Bhd ranks #1573 out of 1851 companies for Beneish M-Score. This places OB 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 OB Holdings Bhd and its competitors. OB Holdings Bhd's current Beneish M-Score is -1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OB Holdings Bhd stock overvalued right now?
OB Holdings Bhd (XKLS:0327) has a current Beneish M-Score of -1.66. The current Beneish M-Score is -1.66. OB Holdings Bhd's overall GF Score™ is 18/100 with 7 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 OB Holdings Bhd (XKLS:0327), the current Beneish M-Score is -1.66 as of Jul. 16, 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.
OB Holdings Bhd is principally involved in the provision of manufacturing services of fortified food and beverage (F&B) and dietary supplements to third-party brand owners; as well as the manufacturing, sales and marketing of fortified F&B and dietary supplements under its house brands, namely Bonlife, GoHerb, Zen Night, Sleepin' Beaute, EZ: Nitez, Beyoute, Zen Youte and Zenliv. Further, it is also involved in the provision of contract packing services of milk powder, tea leaves, honey, herb powder, fruit powder and liquid chlorophyll into retail packaging sizes, and trading of milk powder and other activities.
18GF Score
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