Metro Healthcare Bhd (XKLS:0329) Beneish M-Score: -209.07 (As of Jul. 05, 2026)


XKLS:0329 Metro Healthcare Bhd XKLS:0329
59 GF Score
Price RM0.22
GF Value RM0.32
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Metro Healthcare Bhd Beneish M-Score?

Metro Healthcare Bhd XKLS:0329 59 Beneish M-Score is -209.07 as of Jul. 05, 2026. GuruFocus rates XKLS:0329 with a GF Score™ of 59/100 and a GF Value™ of RM0.32 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 630 Healthcare Providers & Services companies, Metro Healthcare Bhd ranks better than 99.68% 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 -209.07 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:0329' s Beneish M-Score Range Over the Past 10 Years
Min: -209.07   Med: -1.55   Max: 68.79
Current: -209.07

During the past 11 years, the highest Beneish M-Score of Metro Healthcare Bhd was 68.79. The lowest was -209.07. And the median was -1.55.

Metro Healthcare Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Metro Healthcare 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.

Metro Healthcare Bhd Beneish M-Score Chart

Metro Healthcare Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.20 -1.55 0.00 0.00 -209.07

Metro Healthcare Bhd Quarterly Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 0.00 0.00 0.00 -209.07 0.00

XKLS:0329 vs HCA, THC, DVA: Beneish M-Score Comparison

For the Medical Care Facilities subindustry, Metro Healthcare 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.

Metro Healthcare Bhd Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Metro Healthcare Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:0329
59GF Score
Metro Healthcare Bhd XKLS:0329
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Metro Healthcare 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 Metro Healthcare 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 * 2.4156+0.528 * 1.0783+0.404 * -513.4+0.892 * 1.0363+0.115 * 0.8768
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.034683-0.327 * 0.9046
=-209.07

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was RM0.39 Mil.
Revenue was RM50.42 Mil.
Gross Profit was RM18.96 Mil.
Total Current Assets was RM59.83 Mil.
Total Assets was RM92.53 Mil.
Property, Plant and Equipment(Net PPE) was RM32.22 Mil.
Depreciation, Depletion and Amortization(DDA) was RM5.64 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM5.03 Mil.
Long-Term Debt & Capital Lease Obligation was RM12.20 Mil.
Net Income was RM5.86 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM9.07 Mil.
 Total Receivables was RM0.16 Mil.
Revenue was RM48.65 Mil.
Gross Profit was RM19.73 Mil.
Total Current Assets was RM59.91 Mil.
Total Assets was RM96.03 Mil.
Property, Plant and Equipment(Net PPE) was RM36.12 Mil.
Depreciation, Depletion and Amortization(DDA) was RM5.43 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM5.72 Mil.
Long-Term Debt & Capital Lease Obligation was RM14.05 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)
=(0.393 / 50.416) / (0.157 / 48.65)
=0.007795 / 0.003227
=2.4156

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)
=(19.727 / 48.65) / (18.959 / 50.416)
=0.405488 / 0.376051
=1.0783

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 - (59.828 + 32.222) / 92.525) / (1 - (59.913 + 36.12) / 96.032)
=0.005134 / -1.0E-5
=-513.4

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
=50.416 / 48.65
=1.0363

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))
=(5.43 / (5.43 + 36.12)) / (5.644 / (5.644 + 32.222))
=0.130686 / 0.149052
=0.8768

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)
=(0 / 50.416) / (0 / 48.65)
=0 / 0
=1

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)
=((12.2 + 5.031) / 92.525) / ((14.047 + 5.724) / 96.032)
=0.186231 / 0.205879
=0.9046

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
=(5.862 - 0 - 9.071) / 92.525
=-0.034683

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.

Metro Healthcare Bhd has a M-score of -209.07 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 -209.07 mean?
Metro Healthcare Bhd (XKLS:0329) has a Beneish M-Score of -209.07 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Metro Healthcare Bhd and its competitors. According to the industry distribution chart, Metro Healthcare Bhd ranks #2 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 0.3%.
Is Metro Healthcare Bhd's Beneish M-Score too high?
Metro Healthcare Bhd's current Beneish M-Score is -209.07. Based on the distribution chart, Metro Healthcare Bhd ranks #2 out of 630 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Metro Healthcare Bhd has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Metro Healthcare Bhd's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Metro Healthcare Bhd ranks #2 out of 630 companies for Beneish M-Score. This places Metro Healthcare Bhd in the top 0% of its industry — outperforming the majority of peers. 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Metro Healthcare Bhd and its competitors. Metro Healthcare Bhd's current Beneish M-Score is -209.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Healthcare Bhd stock overvalued right now?
Based on GuruFocus' analysis, Metro Healthcare Bhd (XKLS:0329) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.32, compared to a current price of RM0.22 — trading 32.8% below its estimated fair value. The current Beneish M-Score is -209.07. Metro Healthcare Bhd's overall GF Score™ is 59/100 with 4 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 Metro Healthcare Bhd (XKLS:0329), the current Beneish M-Score is -209.07 as of Jul. 05, 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 Metro Healthcare Bhd (XKLS:0329) Overvalued in 2026?

Based on GuruFocus' analysis, Metro Healthcare Bhd stock appears to be undervalued. The current stock price of RM0.22 is trading 32.8% below its estimated GF Value™ of RM0.32. GuruFocus considers Metro Healthcare Bhd to be Possible Value Trap.

Key valuation signals for XKLS:0329:

  • Beneish M-Score: -209.07
  • GF Value™: RM0.32 vs. price of RM0.22 (32.8% below fair value)
  • GF Score™: 59/100 with 4 warning signs

No single metric tells the full story. See the XKLS:0329 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Metro Healthcare Bhd Business Description

Address No. 32, Jalan Pasar, Klang, SGR, MYS, 41400
Metro Healthcare Bhd is engaged in the provision of women healthcare services. The company offers various services such as obstetrics, gynecology impatient services, and diagnostic medical imaging services. It also provides semen analysis, intracytoplasmic sperm injection, blastocyst culture, assisted hatching, frozen embryo transfer, preimplantation genetic screening, and infertility consultation services. The company serves patients in Malaysia. The firm's business segment includes O&G healthcare services, Complementary services, and Hospital services.
59GF Score

Get the complete analysis for XKLS:0329

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

RM0.22
Price
RM0.32
GF Value