YNH Property Bhd (XKLS:3158) Beneish M-Score: -4.36 (As of Jun. 27, 2026)

What is YNH Property Bhd Beneish M-Score?

YNH Property Bhd XKLS:3158 22 Beneish M-Score is -4.36 as of Jun. 27, 2026. GuruFocus rates XKLS:3158 with a GF Score™ of 22/100 and a GF Value™ of RM0.41 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,682 Real Estate companies, YNH Property Bhd ranks better than 96.14% 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 -4.36 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for YNH Property Bhd's Beneish M-Score or its related term are showing as below:

XKLS:3158' s Beneish M-Score Range Over the Past 10 Years
Min: -4.36 Med: -2.51 Max: 0.5
Current: -4.36

During the past 13 years, the highest Beneish M-Score of YNH Property Bhd was 0.50. The lowest was -4.36. And the median was -2.51.

YNH Property Bhd Beneish M-Score Related Terms

YNH Property Bhd Beneish M-Score Historical Data

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The historical data trend for YNH Property 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.

YNH Property Bhd Beneish M-Score Chart

YNH Property Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Jun24

Jun25

Beneish M-Score

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-2.50

-2.51

-2.83

0.00

-0.44

YNH Property Bhd 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															-1.60	-0.44	-0.55	-3.53	-4.36

YNH Property Bhd Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, YNH Property 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.

YNH Property Bhd Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, YNH Property Bhd's Beneish M-Score distribution charts can be found below:

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

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22GF Score

YNH Property Bhd XKLS:3158

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

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YNH Property 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 YNH Property 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 * 0.8305

0.528 * 0.5994

0.404 * 1.1297

0.892 * 0.3708

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 2.5717

4.679 * -0.156233

0.327 * 1.0065

-4.36

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was RM57.1 Mil.
Revenue was 13.281 + 29.75 + 62.648 + 37.29 = RM143.0 Mil.
Gross Profit was -9.026 + 23.541 + 29.573 + -18.553 = RM25.5 Mil.
Total Current Assets was RM809.1 Mil.
Total Assets was RM1,992.7 Mil.
Property, Plant and Equipment(Net PPE) was RM107.4 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM63.2 Mil.
Total Current Liabilities was RM994.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM39.5 Mil.
Net Income was -12.716 + -52.316 + 9.439 + -47.738 = RM-103.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 29.209 + 51.519 + 23.56 + 103.711 = RM208.0 Mil.

Total Receivables was RM185.4 Mil.
Revenue was 31.389 + 300.331 + 26.339 + 27.499 = RM385.6 Mil.
Gross Profit was 12.482 + 19.349 + 7.394 + 2.05 = RM41.3 Mil.
Total Current Assets was RM1,060.0 Mil.
Total Assets was RM2,224.7 Mil.
Property, Plant and Equipment(Net PPE) was RM101.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM66.3 Mil.
Total Current Liabilities was RM1,044.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM102.7 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)
	=	(57.088 / 142.969)	/	(185.382 / 385.558)
	=	0.399303	/	0.480815
	=	0.8305

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)
	=	(41.275 / 385.558)	/	(25.535 / 142.969)
	=	0.107053	/	0.178605
	=	0.5994

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 - (809.055 + 107.38) / 1992.729)	/	(1 - (1060.004 + 101.1) / 2224.749)
	=	0.540111	/	0.478097
	=	1.1297

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
	=	142.969	/	385.558
	=	0.3708

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))
	=	(0 / (0 + 101.1))	/	(0 / (0 + 107.38))
	=	0	/	0
	=	1

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)
	=	(63.234 / 142.969)	/	(66.309 / 385.558)
	=	0.442292	/	0.171982
	=	2.5717

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)
	=	((39.451 + 994.938) / 1992.729)	/	((102.665 + 1044.663) / 2224.749)
	=	0.519082	/	0.515711
	=	1.0065

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
	=	(-103.331 - 0	-	207.999)	/	1992.729
	=	-0.156233

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.

YNH Property Bhd has a M-score of -4.36 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 -4.36 mean?

YNH Property Bhd (XKLS:3158) has a Beneish M-Score of -4.36 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on YNH Property Bhd and its competitors. According to the industry distribution chart, YNH Property Bhd ranks #65 out of 1682 companies in the Real Estate industry, placing it in the top 3.9%.

Is YNH Property Bhd's Beneish M-Score too high?

YNH Property Bhd's current Beneish M-Score is -4.36. Based on the distribution chart, YNH Property Bhd ranks #65 out of 1682 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, YNH Property Bhd has a GF Score™ of 22/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does YNH Property Bhd's Beneish M-Score compare to competitors?

According to the Real Estate industry distribution chart, YNH Property Bhd ranks #65 out of 1682 companies for Beneish M-Score. This places YNH Property Bhd in the top 4% 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 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 YNH Property Bhd and its competitors. YNH Property Bhd's current Beneish M-Score is -4.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is YNH Property Bhd stock overvalued right now?

Based on GuruFocus' analysis, YNH Property Bhd (XKLS:3158) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.41, compared to a current price of RM0.22 — trading 46.3% below its estimated fair value. The current Beneish M-Score is -4.36. YNH Property Bhd's overall GF Score™ is 22/100 with 3 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 YNH Property Bhd (XKLS:3158), the current Beneish M-Score is -4.36 as of Jun. 27, 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 YNH Property Bhd (XKLS:3158) Overvalued in 2026?

Based on GuruFocus' analysis, YNH Property Bhd stock appears to be undervalued. The current stock price of RM0.22 is trading 46.3% below its estimated GF Value™ of RM0.41. GuruFocus considers YNH Property Bhd to be Possible Value Trap.

Key valuation signals for XKLS:3158:

Beneish M-Score: -4.36
GF Value™: RM0.41 vs. price of RM0.22 (46.3% below fair value)
GF Score™: 22/100 with 3 warning signs

No single metric tells the full story. See the XKLS:3158 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

YNH Property Bhd Business Description

Industry Real Estate Real Estate

Comparable Companies XKLS:7120 XKLS:6815 XKLS:6912 XKLS:1538 XKLS:2259 XKLS:5062 XKLS:3913 XKLS:7071 XKLS:6181 XKLS:0452 HKSE:00016 HKSE:01109 DFM:EMAAR STC:VHM HKSE:00688 HKSE:01113 TSE:1925 ADX:ALDAR SGX:H78 DFM:EMAARDEV

Address No. 188, Jalan PPMP 3/3, Pusat Perniagaan Manjung Point 3, Seri Manjung, PRK, MYS, 32040

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

YNH Property Bhd is an investment holding company. The group is organized into business units based on two reportable operating segments: property development; and hotel and hospitality. It derives majority of its revenues from property development. The property development segment is in the business of constructing and developing residential and commercial properties. Its Hotel and hospitality segment is the operation of and management of a hotel and its related business. Geographically, it operates only in Malaysia.

22GF Score

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

RM0.22

Price

RM0.41

GF Value

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