Global Oriental Bhd (XKLS:1147) Beneish M-Score: -1.46 (As of Jul. 06, 2026)


What is Global Oriental Bhd Beneish M-Score?

Global Oriental Bhd XKLS:1147 -5.26% Beneish M-Score is -1.46 as of Jul. 06, 2026. The stock has 6 warning signs investors should review. Among 1,684 Real Estate companies, Global Oriental Bhd ranks worse than 79.87% 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 -1.46 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:1147' s Beneish M-Score Range Over the Past 10 Years
Min: -3.18   Med: -2.15   Max: -0.06
Current: -1.46

During the past 13 years, the highest Beneish M-Score of Global Oriental Bhd was -0.06. The lowest was -3.18. And the median was -2.15.

Global Oriental Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Global Oriental 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.

Global Oriental Bhd Beneish M-Score Chart

Global Oriental Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.72 -3.17 -3.18 -3.06 -1.46

Global Oriental Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.06 0.00 0.00 0.00 -1.46

Global Oriental Bhd Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Global Oriental 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.

Global Oriental Bhd Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Global Oriental Bhd's Beneish M-Score distribution charts can be found below:

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


Global Oriental 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 Global Oriental 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 * 2.1364+0.528 * 0.8993+0.404 * 1.0067+0.892 * 0.7035+0.115 * 1.2672
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * 0.017228-0.327 * 0.9892
=-1.46

* 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 RM54.7 Mil.
Revenue was RM151.8 Mil.
Gross Profit was RM56.2 Mil.
Total Current Assets was RM217.0 Mil.
Total Assets was RM741.5 Mil.
Property, Plant and Equipment(Net PPE) was RM62.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM17.1 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM327.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM145.4 Mil.
Net Income was RM5.2 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM-7.6 Mil.
 Total Receivables was RM36.4 Mil.
Revenue was RM215.7 Mil.
Gross Profit was RM71.8 Mil.
Total Current Assets was RM255.2 Mil.
Total Assets was RM773.7 Mil.
Property, Plant and Equipment(Net PPE) was RM39.2 Mil.
Depreciation, Depletion and Amortization(DDA) was RM14.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM59.5 Mil.
Total Current Liabilities was RM353.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM145.3 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)
=(54.661 / 151.769) / (36.371 / 215.744)
=0.360159 / 0.168584
=2.1364

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)
=(71.829 / 215.744) / (56.188 / 151.769)
=0.332936 / 0.370221
=0.8993

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 - (217 + 62.083) / 741.523) / (1 - (255.217 + 39.167) / 773.699)
=0.623635 / 0.619511
=1.0067

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
=151.769 / 215.744
=0.7035

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))
=(14.749 / (14.749 + 39.167)) / (17.092 / (17.092 + 62.083))
=0.273555 / 0.215876
=1.2672

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 / 151.769) / (59.548 / 215.744)
=0 / 0.276012
=0

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)
=((145.352 + 327.908) / 741.523) / ((145.28 + 353.886) / 773.699)
=0.638227 / 0.645168
=0.9892

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
=(5.183 - 0 - -7.592) / 741.523
=0.017228

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.

Global Oriental Bhd has a M-score of -1.46 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 -1.46 mean?
Global Oriental Bhd (XKLS:1147) has a Beneish M-Score of -1.46 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Global Oriental Bhd and its competitors. According to the industry distribution chart, Global Oriental Bhd ranks #1345 out of 1684 companies in the Real Estate industry, placing it in the top 79.9%.
Is Global Oriental Bhd's Beneish M-Score too high?
Global Oriental Bhd's current Beneish M-Score is -1.46. Based on the distribution chart, Global Oriental Bhd ranks #1345 out of 1684 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does Global Oriental Bhd's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Global Oriental Bhd ranks #1345 out of 1684 companies for Beneish M-Score. This places Global Oriental 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Global Oriental Bhd and its competitors. Global Oriental Bhd's current Beneish M-Score is -1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Oriental Bhd stock overvalued right now?
Based on GuruFocus' analysis, Global Oriental Bhd (XKLS:1147) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.10, compared to a current price of RM0.09 — trading 10% below its estimated fair value. The current Beneish M-Score is -1.46. 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 Global Oriental Bhd (XKLS:1147), the current Beneish M-Score is -1.46 as of Jul. 06, 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.

Global Oriental Bhd Business Description

Address Persiaran Equine Perdana, Taman Equine, G1-08, Galleria 2, Seri Kembangan, SGR, MYS, 43300
Global Oriental Bhd is an investment holding company. It is engaged in property development. Its township developments comprise mixed residential and commercial township developments in the Klang Valley and Penang. Its operating segments are Property development, Carpark operations, Trading and distribution, Investment holding, and Others. It generates the majority of its revenue from Property development, which provides the Development of residential and commercial properties. It group currently operates in Malaysia only.