Pinehill Pacific Bhd (XKLS:1902) Beneish M-Score: 0.00 (As of Jul. 20, 2026)

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Pinehill Pacific Bhd XKLS:1902

What is Pinehill Pacific Bhd Beneish M-Score?

Pinehill Pacific Bhd XKLS:1902 18 Beneish M-Score is 0.00 as of Jul. 20, 2026. GuruFocus rates XKLS:1902 with a GF Score™ of 18/100 and a GF Value™ of RM0.50. The stock has 4 warning signs investors should review.

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 Pinehill Pacific Bhd's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Pinehill Pacific Bhd was 17.71. The lowest was -3.68. And the median was -2.33.

Pinehill Pacific Bhd Beneish M-Score Related Terms

Pinehill Pacific Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pinehill Pacific 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.

Pinehill Pacific Bhd Beneish M-Score Chart

Pinehill Pacific Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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0.00

-2.20

-2.88

0.00

-2.32

Pinehill Pacific Bhd Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	-2.32	0.00	0.00

XKLS:1902 vs ADM, BG, TSN: Beneish M-Score Comparison

For the Farm Products subindustry, Pinehill Pacific 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.

Pinehill Pacific Bhd Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pinehill Pacific Bhd's Beneish M-Score distribution charts can be found below:

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

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18GF Score

Pinehill Pacific Bhd XKLS:1902

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Pinehill Pacific 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 Pinehill Pacific Bhd for today is based on a combination of the following eight different indices:

-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 *

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was RM23.20 Mil.
Revenue was 0.545 + 0.353 + 0.422 + 0.346 = RM1.67 Mil.
Gross Profit was -1.166 + -1.501 + -1.648 + -1.956 = RM-6.27 Mil.
Total Current Assets was RM85.89 Mil.
Total Assets was RM137.45 Mil.
Property, Plant and Equipment(Net PPE) was RM51.56 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.89 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.08 Mil.
Total Current Liabilities was RM3.70 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.04 Mil.
Net Income was -1.649 + -2 + -2.144 + -2.009 = RM-7.80 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was 0 + 0 + -1.476 + -1.618 = RM-3.09 Mil.

Total Receivables was RM1.11 Mil.
Revenue was 0.419 + 0.481 + 0.353 + 0.182 = RM1.44 Mil.
Gross Profit was -1.85 + -2.017 + -1.965 + -2.124 = RM-7.96 Mil.
Total Current Assets was RM72.78 Mil.
Total Assets was RM154.97 Mil.
Property, Plant and Equipment(Net PPE) was RM82.19 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3.95 Mil.
Selling, General, & Admin. Expense(SGA) was RM5.16 Mil.
Total Current Liabilities was RM4.79 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.06 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)
	=	(23.199 / 1.666)	/	(1.109 / 1.435)
	=	13.92497	/	0.772822
	=

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)
	=	(-7.956 / 1.435)	/	(-6.271 / 1.666)
	=	-5.544251	/	-3.764106
	=

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 - (85.887 + 51.558) / 137.445)	/	(1 - (72.778 + 82.188) / 154.966)
	=	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
	=	1.666	/	1.435
	=

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))
	=	(3.948 / (3.948 + 82.188))	/	(1.889 / (1.889 + 51.558))
	=	0.045834	/	0.035343
	=

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)
	=	(5.077 / 1.666)	/	(5.163 / 1.435)
	=	3.047419	/	3.597909
	=

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)
	=	((0.038 + 3.697) / 137.445)	/	((0.063 + 4.791) / 154.966)
	=	0.027175	/	0.031323
	=

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
	=	(-7.802 - 0	-	-3.094)	/	137.445
	=	-0.034254

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?

Pinehill Pacific Bhd (XKLS:1902) has a Beneish M-Score of 0.00 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pinehill Pacific Bhd and its competitors.

Is Pinehill Pacific Bhd's Beneish M-Score too high?

Pinehill Pacific Bhd's current Beneish M-Score is 0.00. Overall, Pinehill Pacific Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.

How does Pinehill Pacific Bhd's Beneish M-Score compare to ADM and BG?

Pinehill Pacific Bhd's Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Pinehill Pacific Bhd and its competitors. Pinehill Pacific 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 Pinehill Pacific Bhd stock overvalued right now?

Pinehill Pacific Bhd (XKLS:1902) has a current Beneish M-Score of 0.00. The stock's GF Value™ is RM0.50, compared to a current price of RM0.46 — trading 8% below its estimated fair value. The current Beneish M-Score is 0.00. Pinehill Pacific Bhd's overall GF Score™ is 18/100 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 Pinehill Pacific Bhd (XKLS:1902), the current Beneish M-Score is 0.00 as of Jul. 20, 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 Pinehill Pacific Bhd (XKLS:1902) Overvalued in 2026?

Based on GuruFocus' analysis, Pinehill Pacific Bhd stock appears to be undervalued. The current stock price of RM0.46 is trading 8% below its estimated GF Value™ of RM0.50.

Key valuation signals for XKLS:1902:

Beneish M-Score: 0.00
GF Value™: RM0.50 vs. price of RM0.46 (8% below fair value)
GF Score™: 18/100 with 4 warning signs

No single metric tells the full story. See the XKLS:1902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pinehill Pacific Bhd Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies XKLS:0175 XKLS:7054 XKLS:7128 XKLS:0378 XKLS:7176 XKLS:4316 XKLS:5223 XKLS:0371 XKLS:0136 XKLS:0074 SZSE:002714 ADM BG TSN SZSE:300498 OSL:MOWI OSL:SALM SZSE:300972 SZSE:000876 XKLS:2089

Address Pusat Perniagaan Suria Puchong, Number 2-3, Third Floor, Jalan Suria Puchong 6, Puchong, SGR, MYS, 47110

Website https://www.pinepac.com.my

Pinehill Pacific Bhd operates as an investment holding company, which engages in the development and operation of palm oil plantations. The company operates through the Plantation and Investment Holding segments. The Plantation segment which contributes the majority of revenue engages in the business of cultivation of oil palm and processing of palm oil and offers crude palm oil, palm kernel, and other oil palm products for sale. The Investment Holding segment invests and provides management services.

18GF Score

Get the complete analysis for XKLS:1902

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

RM0.46

Price

RM0.50

GF Value

View XKLS:1902 Analysis

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