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TDM BhdXKLS:2054 31 Beneish M-Score is -2.27 as of Jul. 15, 2026. GuruFocus rates XKLS:2054 with a GF Score™ of 31/100 and a GF Value™ of RM0.23 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, TDM Bhd ranks worse than 67.91% 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.
Good Sign:
Beneish M-Score -2.27 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for TDM Bhd's Beneish M-Score or its related term are showing as below:
XKLS:2054'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.12 Med: -2.59 Max: -1.21
Current: -2.27
During the past 13 years, the highest Beneish M-Score of TDM Bhd was -1.21. The lowest was -4.12. And the median was -2.59.
TDM Bhd Beneish M-Score Related Terms
TDM Bhd Beneish M-Score Historical Data
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The historical data trend for TDM 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.
XKLS:2054 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, TDM 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.
TDM Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, TDM Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where TDM 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 TDM 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 * 0.923
+
0.528 * 0.9741
+
0.404 * 0.9008
+
0.892 * 1.2679
+
0.115 * 1.0694
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8459
+
4.679 * 0.01454
-
0.327 * 1.0286
=
-2.27
* 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))
=
(71.268 / (71.268 + 1287.603))
/
(68.546 / (68.546 + 1329.096))
=
0.052446
/
0.049044
=
1.0694
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
=
(28.246 - 0
-
3.464)
/
1704.426
=
0.01454
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.
TDM Bhd has a M-score of -2.27 suggests that the company is unlikely to be a manipulator.
TDM Bhd (XKLS:2054) has a Beneish M-Score of -2.27 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TDM Bhd and its competitors. According to the industry distribution chart, TDM Bhd ranks #1257 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 67.9%.
Is TDM Bhd's Beneish M-Score too high?
TDM Bhd's current Beneish M-Score is -2.27. Based on the distribution chart, TDM Bhd ranks #1257 out of 1851 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, TDM Bhd has a GF Score™ of 31/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TDM Bhd's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, TDM Bhd ranks #1257 out of 1851 companies for Beneish M-Score. This places TDM 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 TDM Bhd and its competitors. TDM Bhd's current Beneish M-Score is -2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TDM Bhd stock overvalued right now?
Based on GuruFocus' analysis, TDM Bhd (XKLS:2054) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.23, compared to a current price of RM0.21 — trading 10.9% below its estimated fair value. The current Beneish M-Score is -2.27. TDM Bhd's overall GF Score™ is 31/100 with 6 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 TDM Bhd (XKLS:2054), the current Beneish M-Score is -2.27 as of Jul. 15, 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 TDM Bhd (XKLS:2054) Overvalued in 2026?
Based on GuruFocus' analysis, TDM Bhd stock appears to be undervalued.
The current stock price of RM0.21 is trading 10.9% below its estimated GF Value™ of RM0.23.
GuruFocus considers TDM Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:2054:
Beneish M-Score: -2.27
GF Value™: RM0.23 vs. price of RM0.21 (10.9% below fair value)
No single metric tells the full story. See the XKLS:2054 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TDM Bhd is an investment holding company that is engaged in the cultivation of oil palms and the provision of management services. It operates in the following segments: Plantation, Investment holding, and others, and Healthcare. The Plantation segment, which generates the maximum revenue, is engaged in the cultivation of oil palms, the sale of fresh fruit bunches, and the management of plantation operation services. The Healthcare segment offers healthcare consultancy and specialist medical center services. Investment holding and others, which involve group-level corporate services and dormant companies. Geographically, the company operates in Malaysia and Indonesia, of which Malaysia derives maximum revenue.
31GF Score
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