Media Prima Bhd (XKLS:4502) Beneish M-Score: -3.14 (As of Jun. 27, 2026)


XKLS:4502 Media Prima Bhd XKLS:4502
43 GF Score
Price RM0.29
GF Value RM0.37
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Media Prima Bhd Beneish M-Score?

Media Prima Bhd XKLS:4502 43 Beneish M-Score is -3.14 as of Jun. 27, 2026. GuruFocus rates XKLS:4502 with a GF Score™ of 43/100 and a GF Value™ of RM0.37 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 989 Media - Diversified companies, Media Prima Bhd ranks better than 80.08% 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 -3.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:4502' s Beneish M-Score Range Over the Past 10 Years
Min: -4.76   Med: -3.06   Max: -2.36
Current: -3.14

During the past 13 years, the highest Beneish M-Score of Media Prima Bhd was -2.36. The lowest was -4.76. And the median was -3.06.


Media Prima Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Media Prima 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.

Media Prima Bhd Beneish M-Score Chart

Media Prima Bhd Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.78 -3.14 -3.06 -2.67 -3.14

Media Prima Bhd Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 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 -3.14 0.00 0.00 0.00

XKLS:4502 vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Media Prima 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.


Media Prima Bhd Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Media Prima Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:4502
43GF Score
Media Prima Bhd XKLS:4502
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Media Prima 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 Media Prima 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 * 0.9124+0.528 * 1.0511+0.404 * 0.9799+0.892 * 1.0154+0.115 * 0.9846
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.129487-0.327 * 1.0104
=-3.14

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was RM160.6 Mil.
Revenue was RM857.0 Mil.
Gross Profit was RM615.4 Mil.
Total Current Assets was RM616.8 Mil.
Total Assets was RM1,459.4 Mil.
Property, Plant and Equipment(Net PPE) was RM390.0 Mil.
Depreciation, Depletion and Amortization(DDA) was RM190.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM461.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM235.9 Mil.
Net Income was RM21.0 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM210.0 Mil.
Total Receivables was RM173.4 Mil.
Revenue was RM844.0 Mil.
Gross Profit was RM637.1 Mil.
Total Current Assets was RM608.0 Mil.
Total Assets was RM1,439.2 Mil.
Property, Plant and Equipment(Net PPE) was RM375.6 Mil.
Depreciation, Depletion and Amortization(DDA) was RM179.5 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM426.1 Mil.
Long-Term Debt & Capital Lease Obligation was RM254.4 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)
=(160.612 / 857.006) / (173.358 / 844.019)
=0.187411 / 0.205396
=0.9124

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)
=(637.068 / 844.019) / (615.427 / 857.006)
=0.754803 / 0.718113
=1.0511

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 - (616.757 + 389.973) / 1459.424) / (1 - (608.035 + 375.596) / 1439.217)
=0.310187 / 0.316551
=0.9799

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
=857.006 / 844.019
=1.0154

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))
=(179.455 / (179.455 + 375.596)) / (190.67 / (190.67 + 389.973))
=0.323313 / 0.328377
=0.9846

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 / 857.006) / (0 / 844.019)
=0 / 0
=1

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)
=((235.874 + 461.428) / 1459.424) / ((254.435 + 426.124) / 1439.217)
=0.477793 / 0.472868
=1.0104

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
=(21.015 - 0 - 209.992) / 1459.424
=-0.129487

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.

Media Prima Bhd has a M-score of -3.14 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 -3.14 mean?
Media Prima Bhd (XKLS:4502) has a Beneish M-Score of -3.14 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Media Prima Bhd and its competitors. According to the industry distribution chart, Media Prima Bhd ranks #197 out of 989 companies in the Media - Diversified industry, placing it in the top 19.9%.
Is Media Prima Bhd's Beneish M-Score too high?
Media Prima Bhd's current Beneish M-Score is -3.14. Based on the distribution chart, Media Prima Bhd ranks #197 out of 989 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Media Prima Bhd has a GF Score™ of 43/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Media Prima Bhd's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Media Prima Bhd ranks #197 out of 989 companies for Beneish M-Score. This places Media Prima Bhd in the top 20% 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Media Prima Bhd and its competitors. Media Prima Bhd's current Beneish M-Score is -3.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Media Prima Bhd stock overvalued right now?
Based on GuruFocus' analysis, Media Prima Bhd (XKLS:4502) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.37, compared to a current price of RM0.29 — trading 23% below its estimated fair value. The current Beneish M-Score is -3.14. Media Prima Bhd's overall GF Score™ is 43/100 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 Media Prima Bhd (XKLS:4502), the current Beneish M-Score is -3.14 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 Media Prima Bhd (XKLS:4502) Overvalued in 2026?

Based on GuruFocus' analysis, Media Prima Bhd stock appears to be undervalued. The current stock price of RM0.29 is trading 23% below its estimated GF Value™ of RM0.37. GuruFocus considers Media Prima Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:4502:

  • Beneish M-Score: -3.14
  • GF Value™: RM0.37 vs. price of RM0.29 (23% below fair value)
  • GF Score™: 43/100 with 5 warning signs

No single metric tells the full story. See the XKLS:4502 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Media Prima Bhd Business Description

Address No. 31, Jalan Riong, Balai Berita, Anjung Riong, Bangsar, Kuala Lumpur, MYS, 59100
Media Prima Bhd is an integrated media company. It is engaged in commercial television and radio broadcasting, publishing, editorial services, provision of internet-based online services, general media advertising, provision of advertising space and related production works, sale of programme rights, cable and streaming rights, content production, property management services, procurement services and other media industry-related services. The company owns free-to-air television stations namely TV3, 8TV, ntv7 and TV9. It manages its business in segments namely Omnia, Broadcasting, Outdoor Media, Print Media, Digital Media, and Home Shopping. The company's majority of the revenue is generated from the Omnia segment.
43GF Score

Get the complete analysis for XKLS:4502

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

RM0.29
Price
RM0.37
GF Value