Genting Bhd (XKLS:3182) Beneish M-Score: -2.93 (As of Jul. 04, 2026)

What is Genting Bhd Beneish M-Score?

Genting Bhd XKLS:3182 +3.21% 73 Beneish M-Score is -2.93 as of Jul. 04, 2026. GuruFocus rates XKLS:3182 with a GF Score™ of 73/100 and a GF Value™ of RM3.87 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 820 Travel & Leisure companies, Genting Bhd ranks better than 74.63% 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 -2.93 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:3182' s Beneish M-Score Range Over the Past 10 Years
Min: -3.21 Med: -2.7 Max: -2.04
Current: -2.93

During the past 13 years, the highest Beneish M-Score of Genting Bhd was -2.04. The lowest was -3.21. And the median was -2.70.

Genting Bhd Beneish M-Score Related Terms

Genting Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Genting 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.

Genting Bhd Beneish M-Score Chart

Genting Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.72

-2.62

-2.50

-2.77

-2.93

Genting 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															0.00	0.00	0.00	-2.93	0.00

XKLS:3182 vs LVS, MGM, WYNN: Beneish M-Score Comparison

For the Resorts & Casinos subindustry, Genting 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.

Genting Bhd Beneish M-Score vs Travel & Leisure Industry

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

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

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73GF Score

Genting Bhd XKLS:3182

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

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Genting 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 Genting 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 * 0.9004

0.528 * 1.0277

0.404 * 0.896

0.892 * 0.9998

0.115 * 1.0482

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1774

4.679 * -0.05863

0.327 * 1.0918

-2.93

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was RM2,536 Mil.
Revenue was RM27,712 Mil.
Gross Profit was RM7,880 Mil.
Total Current Assets was RM24,304 Mil.
Total Assets was RM100,893 Mil.
Property, Plant and Equipment(Net PPE) was RM61,188 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3,852 Mil.
Selling, General, & Admin. Expense(SGA) was RM4,074 Mil.
Total Current Liabilities was RM12,400 Mil.
Long-Term Debt & Capital Lease Obligation was RM38,111 Mil.
Net Income was RM-12 Mil.
Gross Profit was RM0 Mil.
Cash Flow from Operations was RM5,904 Mil.

Total Receivables was RM2,817 Mil.
Revenue was RM27,717 Mil.
Gross Profit was RM8,099 Mil.
Total Current Assets was RM28,080 Mil.
Total Assets was RM105,093 Mil.
Property, Plant and Equipment(Net PPE) was RM59,109 Mil.
Depreciation, Depletion and Amortization(DDA) was RM3,912 Mil.
Selling, General, & Admin. Expense(SGA) was RM3,461 Mil.
Total Current Liabilities was RM10,976 Mil.
Long-Term Debt & Capital Lease Obligation was RM37,214 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)
	=	(2536.1 / 27711.9)	/	(2817.3 / 27717)
	=	0.091517	/	0.101645
	=	0.9004

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)
	=	(8099.1 / 27717)	/	(7879.7 / 27711.9)
	=	0.292207	/	0.284344
	=	1.0277

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 - (24303.9 + 61187.6) / 100893)	/	(1 - (28079.9 + 59108.8) / 105093)
	=	0.152652	/	0.170366
	=	0.896

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
	=	27711.9	/	27717
	=	0.9998

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))
	=	(3912.2 / (3912.2 + 59108.8))	/	(3852 / (3852 + 61187.6))
	=	0.062078	/	0.059225
	=	1.0482

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)
	=	(4074.1 / 27711.9)	/	(3460.8 / 27717)
	=	0.147016	/	0.124862
	=	1.1774

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)
	=	((38110.9 + 12399.8) / 100893)	/	((37213.6 + 10976.4) / 105093)
	=	0.500636	/	0.458546
	=	1.0918

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
	=	(-11.6 - 0	-	5903.8)	/	100893
	=	-0.05863

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.

Genting Bhd has a M-score of -2.93 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 -2.93 mean?

Genting Bhd (XKLS:3182) has a Beneish M-Score of -2.93 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Genting Bhd and its competitors. According to the industry distribution chart, Genting Bhd ranks #208 out of 820 companies in the Travel & Leisure industry, placing it in the top 25.4%.

Is Genting Bhd's Beneish M-Score too high?

Genting Bhd's current Beneish M-Score is -2.93. Based on the distribution chart, Genting Bhd ranks #208 out of 820 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Genting Bhd has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Genting Bhd's Beneish M-Score compare to LVS and MGM?

According to the Travel & Leisure industry distribution chart, Genting Bhd ranks #208 out of 820 companies for Beneish M-Score. This puts Genting Bhd in the upper 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 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 Genting Bhd and its competitors. Genting Bhd's current Beneish M-Score is -2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Genting Bhd stock overvalued right now?

Based on GuruFocus' analysis, Genting Bhd (XKLS:3182) is currently considered Possible Value Trap. The stock's GF Value™ is RM3.87, compared to a current price of RM2.25 — trading 41.9% below its estimated fair value. The current Beneish M-Score is -2.93. Genting Bhd's overall GF Score™ is 73/100 with 5 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 Genting Bhd (XKLS:3182), the current Beneish M-Score is -2.93 as of Jul. 04, 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 Genting Bhd (XKLS:3182) Overvalued in 2026?

Based on GuruFocus' analysis, Genting Bhd stock appears to be undervalued. The current stock price of RM2.25 is trading 41.9% below its estimated GF Value™ of RM3.87. GuruFocus considers Genting Bhd to be Possible Value Trap.

Key valuation signals for XKLS:3182:

Beneish M-Score: -2.93
GF Value™: RM3.87 vs. price of RM2.25 (41.9% below fair value)
GF Score™: 73/100 with 5 warning signs

No single metric tells the full story. See the XKLS:3182 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Genting Bhd Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies XKLS:4715 XKLS:5517 XKLS:2607 LVS HKSE:00027 HKSE:01928 MGM WYNN BYD CZR STC:VPL SGX:G13 MTN HKSE:02282 HGV RRR XPAR:BAIN BOM:544325 VAC HKSE:01128

Other Exchanges GEBHY:USA GEBHF:USA

Address Jalan Sultan Ismail, 14th Floor, Wisma Genting, Kuala Lumpur, MYS, 50250

Website https://www.genting.com

Genting Bhd is a diversified holdings company operating in the resorts and casinos industry. The company's primary business segment is Leisure & Hospitality, but the business has several smaller segments: Plantation, Power, Property, and Oil & Gas. The Leisure & Hospitality segment operates numerous resorts across various countries, many of which have casinos, theme parks, concerts, restaurants, and retail shopping locations. Additionally, the company has diversified segments, which control farmland, oil and gas, and real estate. The company generates the vast majority of its revenue from Malaysia and Singapore.

73GF Score

Get the complete analysis for XKLS:3182

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

RM2.25

Price

RM3.87

GF Value

View XKLS:3182 Analysis

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