EI Power Bhd (XKLS:0453) Beneish M-Score: 0.00 (As of Aug. 09, 2026)

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XKLS:0453 EI Power Bhd XKLS:0453
21 GF Score
Price RM0.69
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What is EI Power Bhd Beneish M-Score?

EI Power Bhd XKLS:0453 -1.44% 21 Beneish M-Score is 0.00 as of Aug. 09, 2026. GuruFocus rates XKLS:0453 with a GF Score™ of 21/100. Among 1,704 Construction companies, EI Power Bhd ranks worse than 58685.39% 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 EI Power Bhd's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of EI Power Bhd was -1.33. The lowest was -1.33. And the median was -1.33.

EI Power Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for EI Power 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.

EI Power Bhd Beneish M-Score Chart

EI Power Bhd Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -1.33 0.00

EI Power Bhd Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -1.33 0.00

XKLS:0453 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, EI Power 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.

EI Power Bhd Beneish M-Score vs Construction Industry

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

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


XKLS:0453
21GF Score
EI Power Bhd XKLS:0453
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EI Power 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 EI Power 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was RM22.22 Mil.
Revenue was RM77.40 Mil.
Gross Profit was RM31.02 Mil.
Total Current Assets was RM100.28 Mil.
Total Assets was RM101.23 Mil.
Property, Plant and Equipment(Net PPE) was RM0.95 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.41 Mil.
Selling, General, & Admin. Expense(SGA) was RM1.18 Mil.
Total Current Liabilities was RM27.24 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.24 Mil.
Net Income was RM19.35 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM19.13 Mil.
 Total Receivables was RM27.67 Mil.
Revenue was RM50.44 Mil.
Gross Profit was RM15.04 Mil.
Total Current Assets was RM37.83 Mil.
Total Assets was RM38.29 Mil.
Property, Plant and Equipment(Net PPE) was RM0.46 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.36 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.96 Mil.
Total Current Liabilities was RM23.46 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.31 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)
=(22.222 / 77.395) / (27.67 / 50.44)
=0.287124 / 0.548573
=

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)
=(15.043 / 50.44) / (31.019 / 77.395)
=0.298236 / 0.400788
=

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 - (100.283 + 0.949) / 101.232) / (1 - (37.826 + 0.463) / 38.289)
=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
=77.395 / 50.44
=

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))
=(0.358 / (0.358 + 0.463)) / (0.41 / (0.41 + 0.949))
=0.436054 / 0.301692
=

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)
=(1.175 / 77.395) / (0.955 / 50.44)
=0.015182 / 0.018933
=

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)
=((0.236 + 27.235) / 101.232) / ((0.305 + 23.464) / 38.289)
=0.271367 / 0.620779
=

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
=(19.347 - 0 - 19.127) / 101.232
=0.002173

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?
EI Power Bhd (XKLS:0453) has a Beneish M-Score of 0.00 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EI Power Bhd and its competitors. According to the industry distribution chart, EI Power Bhd ranks #999999 out of 1704 companies in the Construction industry.
Is EI Power Bhd's Beneish M-Score too high?
EI Power Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, EI Power Bhd ranks #999999 out of 1704 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, EI Power Bhd has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does EI Power Bhd's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, EI Power Bhd ranks #999999 out of 1704 companies for Beneish M-Score. This places EI Power 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 EI Power Bhd and its competitors. EI Power 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 EI Power Bhd stock overvalued right now?
EI Power Bhd (XKLS:0453) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. EI Power Bhd's overall GF Score™ is 21/100. 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 EI Power Bhd (XKLS:0453), the current Beneish M-Score is 0.00 as of Aug. 09, 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.

EI Power Bhd Business Description

Address 2, Jalan Anggerik Mokara 31/49, Seksyen 31, Kota Kemuning, Shah Alam, SGR, MYS, 40460
EI Power Bhd is principally an investment holding company. Through its subsidiaries, the company is principally involved in the EPCC of: (i) mission critical power solutions; (ii) conventional power solutions; and (iii) renewable energy power solutions. The majority of revenue is derived from the Mission critical power solutions segment, which is engaged in the EPCC of power infrastructure systems, including backup and redundant power solutions, for facilities requiring continuous and uninterrupted electricity supply, such as data centers and other critical operations. Geographically, it operates predominantly in Malaysia.
21GF Score

Get the complete analysis for XKLS:0453

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

RM0.69
Price