Inch Kenneth Kajang Rubber (XKLS:2607) Beneish M-Score: -2.95 (As of Jul. 14, 2026)

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XKLS:2607 Inch Kenneth Kajang Rubber PLC XKLS:2607
27 GF Score
Price RM0.40
GF Value RM0.36
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Inch Kenneth Kajang Rubber Beneish M-Score?

Inch Kenneth Kajang Rubber XKLS:2607 -1.23% 27 Beneish M-Score is -2.95 as of Jul. 14, 2026. GuruFocus rates XKLS:2607 with a GF Score™ of 27/100 and a GF Value™ of RM0.36 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 822 Travel & Leisure companies, Inch Kenneth Kajang Rubber ranks better than 75.3% 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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Inch Kenneth Kajang Rubber's Beneish M-Score or its related term are showing as below:

XKLS:2607' s Beneish M-Score Range Over the Past 10 Years
Min: -3.02   Med: -2.31   Max: 11.22
Current: -2.95

During the past 13 years, the highest Beneish M-Score of Inch Kenneth Kajang Rubber was 11.22. The lowest was -3.02. And the median was -2.31.


Inch Kenneth Kajang Rubber Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Inch Kenneth Kajang Rubber'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.

Inch Kenneth Kajang Rubber Beneish M-Score Chart

Inch Kenneth Kajang Rubber Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.82 -2.36 -3.02 -2.77 -2.95

Inch Kenneth Kajang Rubber 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 0.00 0.00 0.00 -2.95 0.00

XKLS:2607 vs LVS, MGM, WYNN: Beneish M-Score Comparison

For the Resorts & Casinos subindustry, Inch Kenneth Kajang Rubber'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.


Inch Kenneth Kajang Rubber Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Inch Kenneth Kajang Rubber's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Inch Kenneth Kajang Rubber's Beneish M-Score falls into.


XKLS:2607
27GF Score
Inch Kenneth Kajang Rubber PLC XKLS:2607
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Inch Kenneth Kajang Rubber 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 Inch Kenneth Kajang Rubber 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 * 1.336+0.528 * 0.8916+0.404 * 0.9883+0.892 * 0.8199+0.115 * 1.0379
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3095+4.679 * -0.018436-0.327 * 2.2982
=-2.95

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was RM86.18 Mil.
Revenue was RM14.57 Mil.
Gross Profit was RM8.20 Mil.
Total Current Assets was RM107.22 Mil.
Total Assets was RM708.94 Mil.
Property, Plant and Equipment(Net PPE) was RM36.50 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.98 Mil.
Selling, General, & Admin. Expense(SGA) was RM17.22 Mil.
Total Current Liabilities was RM32.11 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.59 Mil.
Net Income was RM-7.90 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM5.17 Mil.
Total Receivables was RM78.68 Mil.
Revenue was RM17.77 Mil.
Gross Profit was RM8.92 Mil.
Total Current Assets was RM96.07 Mil.
Total Assets was RM693.33 Mil.
Property, Plant and Equipment(Net PPE) was RM37.95 Mil.
Depreciation, Depletion and Amortization(DDA) was RM2.14 Mil.
Selling, General, & Admin. Expense(SGA) was RM16.04 Mil.
Total Current Liabilities was RM12.80 Mil.
Long-Term Debt & Capital Lease Obligation was RM1.11 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)
=(86.176 / 14.57) / (78.675 / 17.771)
=5.914619 / 4.427157
=1.336

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)
=(8.916 / 17.771) / (8.199 / 14.57)
=0.501716 / 0.562732
=0.8916

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 - (107.218 + 36.499) / 708.944) / (1 - (96.066 + 37.953) / 693.328)
=0.79728 / 0.806702
=0.9883

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
=14.57 / 17.771
=0.8199

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))
=(2.137 / (2.137 + 37.953)) / (1.976 / (1.976 + 36.499))
=0.053305 / 0.051358
=1.0379

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)
=(17.216 / 14.57) / (16.035 / 17.771)
=1.181606 / 0.902313
=1.3095

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)
=((0.594 + 32.11) / 708.944) / ((1.113 + 12.804) / 693.328)
=0.046131 / 0.020073
=2.2982

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
=(-7.902 - 0 - 5.168) / 708.944
=-0.018436

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.

Inch Kenneth Kajang Rubber has a M-score of -2.95 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.95 mean?
Inch Kenneth Kajang Rubber (XKLS:2607) has a Beneish M-Score of -2.95 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inch Kenneth Kajang Rubber and its competitors. According to the industry distribution chart, Inch Kenneth Kajang Rubber ranks #203 out of 822 companies in the Travel & Leisure industry, placing it in the top 24.7%.
Is Inch Kenneth Kajang Rubber's Beneish M-Score too high?
Inch Kenneth Kajang Rubber's current Beneish M-Score is -2.95. Based on the distribution chart, Inch Kenneth Kajang Rubber ranks #203 out of 822 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Inch Kenneth Kajang Rubber has a GF Score™ of 27/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inch Kenneth Kajang Rubber's Beneish M-Score compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Inch Kenneth Kajang Rubber ranks #203 out of 822 companies for Beneish M-Score. This places Inch Kenneth Kajang Rubber in the top 25% of its industry — outperforming the majority of peers. 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Inch Kenneth Kajang Rubber and its competitors. Inch Kenneth Kajang Rubber's current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inch Kenneth Kajang Rubber stock overvalued right now?
Based on GuruFocus' analysis, Inch Kenneth Kajang Rubber (XKLS:2607) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.36, compared to a current price of RM0.40 — trading 11.1% above its estimated fair value. The current Beneish M-Score is -2.95. Inch Kenneth Kajang Rubber's overall GF Score™ is 27/100 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 Inch Kenneth Kajang Rubber (XKLS:2607), the current Beneish M-Score is -2.95 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 Inch Kenneth Kajang Rubber (XKLS:2607) Overvalued in 2026?

Based on GuruFocus' analysis, Inch Kenneth Kajang Rubber stock appears to be overvalued. The current stock price of RM0.40 is trading 11.1% above its estimated GF Value™ of RM0.36. GuruFocus considers Inch Kenneth Kajang Rubber to be Modestly Overvalued.

Key valuation signals for XKLS:2607:

  • Beneish M-Score: -2.95
  • GF Value™: RM0.36 vs. price of RM0.40 (11.1% above fair value)
  • GF Score™: 27/100 with 2 warning signs

No single metric tells the full story. See the XKLS:2607 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inch Kenneth Kajang Rubber Business Description

Address Jalan Sultan Ismail, 26th Floor, Menara Promet (KH), Kuala Lumpur, MYS, 50250
Inch Kenneth Kajang Rubber PLC operates as an investment holding company. It has four segments. Plantations segment include the sale of fresh fruit bunches; the Manufacturing segment includes producing constant viscosity rubber blocks; Tourism segment includes the operation of two tourist resorts, sale of rooms and sale of food and beverages; Property development segment includes development and sale of land and properties and leasing of buildings, and Others include trading of building materials and investment holding of equity interests in quoted shares. The company earns the majority of its revenues from the Manufacturing segment. It operates in Malaysia and Thailand.
27GF Score

Get the complete analysis for XKLS:2607

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

RM0.40
Price
RM0.36
GF Value