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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 -1.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Chin Teck Plantations Bhd's Beneish M-Score or its related term are showing as below:
XKLS:1929'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.32 Max: -0.78
Current: -1.89
During the past 13 years, the highest Beneish M-Score of Chin Teck Plantations Bhd was -0.78. The lowest was -2.88. And the median was -2.32.
Chin Teck Plantations Bhd Beneish M-Score Related Terms
Chin Teck Plantations Bhd Beneish M-Score Historical Data
* 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.
XKLS:1929 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, Chin Teck Plantations 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.
Chin Teck Plantations Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Chin Teck Plantations Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chin Teck Plantations Bhd's Beneish M-Score falls into.
Chin Teck Plantations 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 Chin Teck Plantations 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 * 1.1896
+
0.528 * 0.9743
+
0.404 * 0.9547
+
0.892 * 1.1732
+
0.115 * 0.9657
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9555
+
4.679 * 0.060996
-
0.327 * 0.9846
=
-1.89
* 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))
=
(9.35 / (9.35 + 206.649))
/
(10.415 / (10.415 + 221.94))
=
0.043287
/
0.044824
=
0.9657
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
=
(188.153 - 0
-
115.727)
/
1187.383
=
0.060996
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.
Chin Teck Plantations Bhd has a M-score of -1.89 suggests that the company is unlikely to be a manipulator.
Chin Teck Plantations Bhd (XKLS:1929) has a Beneish M-Score of -1.89 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chin Teck Plantations Bhd and its competitors. According to the industry distribution chart, Chin Teck Plantations Bhd ranks #1494 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 80.7%.
Is Chin Teck Plantations Bhd's Beneish M-Score too high?
Chin Teck Plantations Bhd's current Beneish M-Score is -1.89. Based on the distribution chart, Chin Teck Plantations Bhd ranks #1494 out of 1851 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Chin Teck Plantations Bhd has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Chin Teck Plantations Bhd's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Chin Teck Plantations Bhd ranks #1494 out of 1851 companies for Beneish M-Score. This places Chin Teck Plantations 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 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 Chin Teck Plantations Bhd and its competitors. Chin Teck Plantations Bhd's current Beneish M-Score is -1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chin Teck Plantations Bhd stock overvalued right now?
Based on GuruFocus' analysis, Chin Teck Plantations Bhd (XKLS:1929) is currently considered Fairly Valued. The stock's GF Value™ is RM11.33, compared to a current price of RM11.20 — trading 1.1% below its estimated fair value. The current Beneish M-Score is -1.89. Chin Teck Plantations Bhd's overall GF Score™ is 84/100 with 2 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 Chin Teck Plantations Bhd (XKLS:1929), the current Beneish M-Score is -1.89 as of Jul. 16, 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 Chin Teck Plantations Bhd (XKLS:1929) Overvalued in 2026?
Based on GuruFocus' analysis, Chin Teck Plantations Bhd stock appears to be undervalued.
The current stock price of RM11.20 is trading 1.1% below its estimated GF Value™ of RM11.33.
GuruFocus considers Chin Teck Plantations Bhd to be Fairly Valued.
Key valuation signals for XKLS:1929:
Beneish M-Score: -1.89
GF Value™: RM11.33 vs. price of RM11.20 (1.1% below fair value)
No single metric tells the full story. See the XKLS:1929 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chin Teck Plantations Bhd is an investment holding company, which is engaged in the cultivation of oil palms, processing and selling of fresh fruit bunches, crude palm oil, and palm kernel, and is predominantly carried out in Malaysia. The company has four cultivation estates in Malaysia, namely, Jemima and Sungei Sendayan Estate, Gua Musang Estate, Keratong Estate, and Fauzi-Lim Estate. The company also participates in joint ventures on oil palm plantations in Indonesia located at Lampung Province, Jambi Province, and South Sumatra Province.
84GF Score
Get the complete analysis for XKLS:1929
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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