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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 -2.12 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Symphony Life Bhd's Beneish M-Score or its related term are showing as below:
XKLS:1538'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.64 Med: -2.34 Max: -1.44
Current: -2.12
During the past 13 years, the highest Beneish M-Score of Symphony Life Bhd was -1.44. The lowest was -9.64. And the median was -2.34.
Symphony Life Bhd Beneish M-Score Related Terms
Symphony Life Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Symphony Life 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.
Symphony Life Bhd Beneish M-Score Competitor Comparison
For the Real Estate - Development subindustry, Symphony Life 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.
Symphony Life Bhd Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Symphony Life Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Symphony Life 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 Symphony Life 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 * 1.9424
+
0.528 * 0.2757
+
0.404 * 1.0855
+
0.892 * 0.4378
+
0.115 * 0.9839
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0
+
4.679 * 0.031906
-
0.327 * 0.9247
=
-2.12
* 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))
=
(7.158 / (7.158 + 12.701))
/
(6.983 / (6.983 + 12.078))
=
0.360441
/
0.36635
=
0.9839
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
=
(-6.266 - 0
-
-43.648)
/
1171.624
=
0.031906
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.
Symphony Life Bhd has a M-score of -2.12 suggests that the company is unlikely to be a manipulator.
Symphony Life Bhd (XKLS:1538) has a Beneish M-Score of -2.12 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Symphony Life Bhd and its competitors. According to the industry distribution chart, Symphony Life Bhd ranks #1081 out of 1685 companies in the Real Estate industry, placing it in the top 64.2%.
Is Symphony Life Bhd's Beneish M-Score too high?
Symphony Life Bhd's current Beneish M-Score is -2.12. Based on the distribution chart, Symphony Life Bhd ranks #1081 out of 1685 companies in the Real Estate industry, which is below the industry midpoint. Overall, Symphony Life Bhd has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Symphony Life Bhd's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Symphony Life Bhd ranks #1081 out of 1685 companies for Beneish M-Score. This places Symphony Life 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 Symphony Life Bhd and its competitors. Symphony Life Bhd's current Beneish M-Score is -2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Symphony Life Bhd stock overvalued right now?
Based on GuruFocus' analysis, Symphony Life Bhd (XKLS:1538) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.09, compared to a current price of RM0.19 — trading 105.6% above its estimated fair value. The current Beneish M-Score is -2.12. Symphony Life Bhd's overall GF Score™ is 28/100 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 Symphony Life Bhd (XKLS:1538), the current Beneish M-Score is -2.12 as of Jul. 14, 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 Symphony Life Bhd (XKLS:1538) Overvalued in 2026?
Based on GuruFocus' analysis, Symphony Life Bhd stock appears to be overvalued.
The current stock price of RM0.19 is trading 105.6% above its estimated GF Value™ of RM0.09.
GuruFocus considers Symphony Life Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:1538:
Beneish M-Score: -2.12
GF Value™: RM0.09 vs. price of RM0.19 (105.6% above fair value)
No single metric tells the full story. See the XKLS:1538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Symphony Life Bhd is a property developer in Malaysia. The company's core business activities are categorized into four key segments, the Property development segment comprises property development, property management, and maintenance and property marketing consultancy; the Property investment segment is involved in the property investment and property management and maintenance; the Construction segment comprises incorporating construction works, and Other operations comprise other investments and investment holdings. The company predominantly carries out its operations in Malaysia.
28GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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