Lien Hoe Bhd (XKLS:3573) Beneish M-Score: 0.00 (As of Jul. 03, 2026)

What is Lien Hoe Bhd Beneish M-Score?

Lien Hoe Bhd XKLS:3573 27 Beneish M-Score is 0.00 as of Jul. 03, 2026. GuruFocus rates XKLS:3573 with a GF Score™ of 27/100 and a GF Value™ of RM0.24 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 820 Travel & Leisure companies, Lien Hoe Bhd ranks worse than 121951.1% 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.

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

During the past 13 years, the highest Beneish M-Score of Lien Hoe Bhd was 80.23. The lowest was -3.66. And the median was -2.74.

Lien Hoe Bhd Beneish M-Score Related Terms

Lien Hoe Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Lien Hoe 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.

Lien Hoe Bhd Beneish M-Score Chart

Lien Hoe Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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80.23

0.00

Lien Hoe 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	0.00	0.00

XKLS:3573 vs MAR, HLT, H: Beneish M-Score Comparison

For the Lodging subindustry, Lien Hoe 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.

Lien Hoe Bhd Beneish M-Score vs Travel & Leisure Industry

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

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

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27GF Score

Lien Hoe Corp Bhd XKLS:3573

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

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Lien Hoe 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 Lien Hoe 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was RM0.45 Mil.
Revenue was RM26.49 Mil.
Gross Profit was RM15.44 Mil.
Total Current Assets was RM2.78 Mil.
Total Assets was RM322.25 Mil.
Property, Plant and Equipment(Net PPE) was RM307.31 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.30 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM22.45 Mil.
Long-Term Debt & Capital Lease Obligation was RM20.28 Mil.
Net Income was RM-9.61 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM5.51 Mil.

Total Receivables was RM0.58 Mil.
Revenue was RM28.93 Mil.
Gross Profit was RM15.75 Mil.
Total Current Assets was RM15.07 Mil.
Total Assets was RM329.57 Mil.
Property, Plant and Equipment(Net PPE) was RM314.50 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.92 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM20.81 Mil.
Long-Term Debt & Capital Lease Obligation was RM24.85 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)
	=	(0.453 / 26.487)	/	(0.576 / 28.928)
	=	0.017103	/	0.019912
	=

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)
	=	(15.748 / 28.928)	/	(15.438 / 26.487)
	=	0.544386	/	0.582852
	=

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 - (2.777 + 307.312) / 322.252)	/	(1 - (15.073 + 314.499) / 329.572)
	=	0.037744	/	0
	=

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
	=	26.487	/	28.928
	=

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))
	=	(7.922 / (7.922 + 314.499))	/	(7.299 / (7.299 + 307.312))
	=	0.02457	/	0.0232
	=

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)
	=	(0 / 26.487)	/	(0 / 28.928)
	=	0	/	0
	=

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)
	=	((20.284 + 22.449) / 322.252)	/	((24.845 + 20.809) / 329.572)
	=	0.132607	/	0.138525
	=

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
	=	(-9.614 - 0	-	5.514)	/	322.252
	=	-0.046945

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Lien Hoe Bhd (XKLS:3573) has a Beneish M-Score of 0.00 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lien Hoe Bhd and its competitors. According to the industry distribution chart, Lien Hoe Bhd ranks #999999 out of 820 companies in the Travel & Leisure industry.

Is Lien Hoe Bhd's Beneish M-Score too high?

Lien Hoe Bhd's current Beneish M-Score is 0.00. Based on the distribution chart, Lien Hoe Bhd ranks #999999 out of 820 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Lien Hoe Bhd has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Lien Hoe Bhd's Beneish M-Score compare to MAR and HLT?

According to the Travel & Leisure industry distribution chart, Lien Hoe Bhd ranks #999999 out of 820 companies for Beneish M-Score. This places Lien Hoe 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 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 Lien Hoe Bhd and its competitors. Lien Hoe Bhd's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Lien Hoe Bhd stock overvalued right now?

Based on GuruFocus' analysis, Lien Hoe Bhd (XKLS:3573) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.24, compared to a current price of RM0.14 — trading 43.8% below its estimated fair value. The current Beneish M-Score is 0.00. Lien Hoe Bhd's overall GF Score™ is 27/100 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 Lien Hoe Bhd (XKLS:3573), the current Beneish M-Score is 0.00 as of Jul. 03, 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 Lien Hoe Bhd (XKLS:3573) Overvalued in 2026?

Based on GuruFocus' analysis, Lien Hoe Bhd stock appears to be undervalued. The current stock price of RM0.14 is trading 43.8% below its estimated GF Value™ of RM0.24. GuruFocus considers Lien Hoe Bhd to be Possible Value Trap.

Key valuation signals for XKLS:3573:

Beneish M-Score: 0.00
GF Value™: RM0.24 vs. price of RM0.14 (43.8% below fair value)
GF Score™: 27/100 with 3 warning signs

No single metric tells the full story. See the XKLS:3573 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lien Hoe Bhd Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies XKLS:5738 XKLS:1643 XKLS:8885 XKLS:5592 XKLS:2143 XKLS:3891 MAR HLT LSE:IHG H XPAR:AC HTHT BOM:500850 WH LSE:WTB CHH XKRX:180640 SAU:4250 SAU:4100 BKK:MINT

Address Lot 6, Lorong Utara C, 2nd Floor, Plaza Armada, Section 52, Petaling Jaya, SGR, MYS, 46200

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

Lien Hoe Corp Bhd, along with its subsidiaries, is engaged in hotel service, property investment and leasing and property development business. The group operates in the business segments of Property which comprise of property investment and property development; Hotel comprising hotel operations; and Corporate which involves group-level corporate services and treasury functions. It principally operates in Malaysia and derives key revenue from the Hotel segment that consists of Hotel Armada, a 4-star business and tourist class hotel located in the heart of Petaling Jaya along the Federal Highway.

27GF Score

Get the complete analysis for XKLS:3573

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

RM0.14

Price

RM0.24

GF Value

View XKLS:3573 Analysis

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