Auro Holdings Bhd (XKLS:5025) Beneish M-Score: 3.72 (As of Jun. 25, 2026)

What is Auro Holdings Bhd Beneish M-Score?

Auro Holdings Bhd XKLS:5025 43 Beneish M-Score is 3.72 as of Jun. 25, 2026. GuruFocus rates XKLS:5025 with a GF Score™ of 43/100 and a GF Value™ of RM0.33 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 273 Forest Products companies, Auro Holdings Bhd ranks worse than 99.27% 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.

Warning Sign:

Beneish M-Score 3.72 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:5025' s Beneish M-Score Range Over the Past 10 Years
Min: -16.16 Med: -3.72 Max: 7.34
Current: 3.72

During the past 13 years, the highest Beneish M-Score of Auro Holdings Bhd was 7.34. The lowest was -16.16. And the median was -3.72.

Auro Holdings Bhd Beneish M-Score Related Terms

Auro Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Auro Holdings 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.

Auro Holdings Bhd Beneish M-Score Chart

Auro Holdings Bhd Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Feb22

Feb23

Feb24

Feb25

Feb26

Beneish M-Score

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-6.35

7.34

-16.16

-3.31

3.72

Auro Holdings Bhd Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Beneish M-Score	Get a 7-Day Free Trial															-3.31	-2.47	-2.66	-2.91	3.72

XKLS:5025 vs SSD, UFPI, BCC: Beneish M-Score Comparison

For the Lumber & Wood Production subindustry, Auro Holdings 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.

Auro Holdings Bhd Beneish M-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Auro Holdings Bhd's Beneish M-Score distribution charts can be found below:

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

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43GF Score

Auro Holdings Bhd XKLS:5025

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

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Auro Holdings 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 Auro Holdings 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 * 7.4734

0.528 * 0.8681

0.404 * 1.9456

0.892 * 1.2913

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7003

4.679 * -0.084393

0.327 * 0.9522

3.72

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was RM3.04 Mil.
Revenue was 6.925 + 5.992 + 5.797 + 5.717 = RM24.43 Mil.
Gross Profit was 1.751 + 1.267 + 1.261 + 1.124 = RM5.40 Mil.
Total Current Assets was RM5.34 Mil.
Total Assets was RM45.51 Mil.
Property, Plant and Equipment(Net PPE) was RM39.33 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.00 Mil.
Selling, General, & Admin. Expense(SGA) was RM9.86 Mil.
Total Current Liabilities was RM13.05 Mil.
Long-Term Debt & Capital Lease Obligation was RM8.07 Mil.
Net Income was -0.671 + -1.433 + 0.274 + 0.794 = RM-1.04 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.00 Mil.
Cash Flow from Operations was 0.424 + -0.353 + 2.207 + 0.527 = RM2.81 Mil.

Total Receivables was RM0.32 Mil.
Revenue was 5.738 + 5.354 + 4.63 + 3.197 = RM18.92 Mil.
Gross Profit was 0.648 + 1.45 + 0.947 + 0.587 = RM3.63 Mil.
Total Current Assets was RM5.31 Mil.
Total Assets was RM49.79 Mil.
Property, Plant and Equipment(Net PPE) was RM44.01 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.00 Mil.
Selling, General, & Admin. Expense(SGA) was RM10.90 Mil.
Total Current Liabilities was RM13.96 Mil.
Long-Term Debt & Capital Lease Obligation was RM10.30 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)
	=	(3.04 / 24.431)	/	(0.315 / 18.919)
	=	0.124432	/	0.01665
	=	7.4734

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)
	=	(3.632 / 18.919)	/	(5.403 / 24.431)
	=	0.191976	/	0.221153
	=	0.8681

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 - (5.343 + 39.334) / 45.513)	/	(1 - (5.307 + 44.008) / 49.785)
	=	0.018368	/	0.009441
	=	1.9456

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
	=	24.431	/	18.919
	=	1.2913

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 + 44.008))	/	(0 / (0 + 39.334))
	=	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)
	=	(9.856 / 24.431)	/	(10.898 / 18.919)
	=	0.403422	/	0.576035
	=	0.7003

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)
	=	((8.069 + 13.047) / 45.513)	/	((10.296 + 13.962) / 49.785)
	=	0.463955	/	0.487255
	=	0.9522

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
	=	(-1.036 - 0	-	2.805)	/	45.513
	=	-0.084393

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.

Auro Holdings Bhd has a M-score of 3.72 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 3.72 mean?

Auro Holdings Bhd (XKLS:5025) has a Beneish M-Score of 3.72 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Auro Holdings Bhd and its competitors. According to the industry distribution chart, Auro Holdings Bhd ranks #271 out of 273 companies in the Forest Products industry, placing it in the top 99.3%.

Is Auro Holdings Bhd's Beneish M-Score too high?

Auro Holdings Bhd's current Beneish M-Score is 3.72. Based on the distribution chart, Auro Holdings Bhd ranks #271 out of 273 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Auro Holdings Bhd has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Auro Holdings Bhd's Beneish M-Score compare to SSD and UFPI?

According to the Forest Products industry distribution chart, Auro Holdings Bhd ranks #271 out of 273 companies for Beneish M-Score. This places Auro Holdings 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 Forest Products company?

A good Beneish M-Score depends on the Forest Products 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 Auro Holdings Bhd and its competitors. Auro Holdings Bhd's current Beneish M-Score is 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Auro Holdings Bhd stock overvalued right now?

Based on GuruFocus' analysis, Auro Holdings Bhd (XKLS:5025) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.33, compared to a current price of RM0.15 — trading 56.1% below its estimated fair value. The current Beneish M-Score is 3.72. Auro Holdings Bhd's overall GF Score™ is 43/100 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 Auro Holdings Bhd (XKLS:5025), the current Beneish M-Score is 3.72 as of Jun. 25, 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 Auro Holdings Bhd (XKLS:5025) Overvalued in 2026?

Based on GuruFocus' analysis, Auro Holdings Bhd stock appears to be undervalued. The current stock price of RM0.15 is trading 56.1% below its estimated GF Value™ of RM0.33. GuruFocus considers Auro Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5025:

Beneish M-Score: 3.72
GF Value™: RM0.33 vs. price of RM0.15 (56.1% below fair value)
GF Score™: 43/100 with 3 warning signs

No single metric tells the full story. See the XKLS:5025 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Auro Holdings Bhd Business Description

Industry Basic Materials Forest Products

Comparable Companies XKLS:5576 XKLS:5095 XKLS:9016 XKLS:7123 XKLS:7854 XKLS:7169 XKLS:5197 XKLS:7188 XKLS:6904 XKLS:5649 SSD TSX:WFG UFPI TSX:SJ BCC SZSE:000592 BOM:532548 SZSE:002043 TSX:CFP XLIS:COR

Address No.1, Jalan Syed Putra, No.5-7, Level 5, Menara MBMR, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 58000

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

Auro Holdings Bhd is an investment holding company engaged in the manufacturing and trading of a wide range of quality timber products such as interior and exterior molded timber products, supplying FSC-certified and non-certified sawn timber, and also providing kiln-drying and timber treatment services. Its operating segments are the Molding and timber segment, sale of food and beverages, Sale of marine sand and Investment, and others. Geographically it derives revenues from Malaysia, China, Singapore, and others.

43GF Score

Get the complete analysis for XKLS:5025

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

RM0.15

Price

RM0.33

GF Value

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