Country View Bhd (XKLS:5049) Beneish M-Score: -2.72 (As of Jun. 25, 2026)

What is Country View Bhd Beneish M-Score?

Country View Bhd XKLS:5049 +2.57% 73 Beneish M-Score is -2.72 as of Jun. 25, 2026. GuruFocus rates XKLS:5049 with a GF Score™ of 73/100 and a GF Value™ of RM3.79 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,682 Real Estate companies, Country View Bhd ranks better than 73.78% 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 -2.72 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:5049' s Beneish M-Score Range Over the Past 10 Years
Min: -3.08 Med: -2.15 Max: -0.12
Current: -2.72

During the past 13 years, the highest Beneish M-Score of Country View Bhd was -0.12. The lowest was -3.08. And the median was -2.15.

Country View Bhd Beneish M-Score Related Terms

Country View Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Country View 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.

Country View Bhd Beneish M-Score Chart

Country View Bhd Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Beneish M-Score

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-2.98

-1.33

-1.98

-1.95

-2.29

Country View 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															-1.86	-1.95	-1.97	-2.29	-2.72

Country View Bhd Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Country View 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.

Country View Bhd Beneish M-Score vs Real Estate Industry

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

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

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73GF Score

Country View Bhd XKLS:5049

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

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Country View 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 Country View 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 * 0.7844

0.528 * 1.0606

0.404 * 1.066

0.892 * 1.3701

0.115 * 0.9047

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8051

4.679 * -0.108941

0.327 * 0.8224

-2.72

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was RM153.0 Mil.
Revenue was 98.812 + 83.626 + 79.03 + 102.801 = RM364.3 Mil.
Gross Profit was 35.867 + 33.466 + 28.667 + 36.059 = RM134.1 Mil.
Total Current Assets was RM613.3 Mil.
Total Assets was RM681.9 Mil.
Property, Plant and Equipment(Net PPE) was RM2.6 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM31.2 Mil.
Total Current Liabilities was RM161.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM50.9 Mil.
Net Income was 20.344 + 18.784 + 15.066 + 18.3 = RM72.5 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 37.625 + 36.218 + 27.039 + 45.896 = RM146.8 Mil.

Total Receivables was RM142.3 Mil.
Revenue was 114.218 + 59.273 + 41.932 + 50.442 = RM265.9 Mil.
Gross Profit was 50.513 + 19.667 + 15.892 + 17.697 = RM103.8 Mil.
Total Current Assets was RM664.4 Mil.
Total Assets was RM734.1 Mil.
Property, Plant and Equipment(Net PPE) was RM3.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM1.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM28.3 Mil.
Total Current Liabilities was RM184.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM94.4 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)
	=	(152.986 / 364.269)	/	(142.344 / 265.865)
	=	0.419981	/	0.5354
	=	0.7844

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)
	=	(103.769 / 265.865)	/	(134.059 / 364.269)
	=	0.390307	/	0.368022
	=	1.0606

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 - (613.324 + 2.636) / 681.871)	/	(1 - (664.412 + 3.114) / 734.094)
	=	0.096662	/	0.09068
	=	1.066

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
	=	364.269	/	265.865
	=	1.3701

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))
	=	(1.243 / (1.243 + 3.114))	/	(1.214 / (1.214 + 2.636))
	=	0.285288	/	0.315325
	=	0.9047

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)
	=	(31.211 / 364.269)	/	(28.295 / 265.865)
	=	0.085681	/	0.106426
	=	0.8051

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)
	=	((50.857 + 161.781) / 681.871)	/	((94.354 + 184.001) / 734.094)
	=	0.311845	/	0.379182
	=	0.8224

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
	=	(72.494 - 0	-	146.778)	/	681.871
	=	-0.108941

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.

Country View Bhd has a M-score of -2.72 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 -2.72 mean?

Country View Bhd (XKLS:5049) has a Beneish M-Score of -2.72 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Country View Bhd and its competitors. According to the industry distribution chart, Country View Bhd ranks #441 out of 1682 companies in the Real Estate industry, placing it in the top 26.2%.

Is Country View Bhd's Beneish M-Score too high?

Country View Bhd's current Beneish M-Score is -2.72. Based on the distribution chart, Country View Bhd ranks #441 out of 1682 companies in the Real Estate industry, which is above the industry midpoint. Overall, Country View Bhd has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Country View Bhd's Beneish M-Score compare to competitors?

According to the Real Estate industry distribution chart, Country View Bhd ranks #441 out of 1682 companies for Beneish M-Score. This puts Country View 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 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 Country View Bhd and its competitors. Country View Bhd's current Beneish M-Score is -2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Country View Bhd stock overvalued right now?

Based on GuruFocus' analysis, Country View Bhd (XKLS:5049) is currently considered Modestly Undervalued. The stock's GF Value™ is RM3.79, compared to a current price of RM3.19 — trading 15.8% below its estimated fair value. The current Beneish M-Score is -2.72. Country View Bhd's overall GF Score™ is 73/100 with 6 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 Country View Bhd (XKLS:5049), the current Beneish M-Score is -2.72 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 Country View Bhd (XKLS:5049) Overvalued in 2026?

Based on GuruFocus' analysis, Country View Bhd stock appears to be undervalued. The current stock price of RM3.19 is trading 15.8% below its estimated GF Value™ of RM3.79. GuruFocus considers Country View Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5049:

Beneish M-Score: -2.72
GF Value™: RM3.79 vs. price of RM3.19 (15.8% below fair value)
GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the XKLS:5049 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Country View Bhd Business Description

Industry Real Estate Real Estate

Comparable Companies XKLS:4286 XKLS:5310 XKLS:5239 XKLS:0206 XKLS:3743 XKLS:7077 XKLS:6769 XKLS:7617 XKLS:5315 XKLS:4251 HKSE:00016 HKSE:01109 DFM:EMAAR STC:VHM HKSE:00688 HKSE:01113 TSE:1925 ADX:ALDAR SGX:H78 DFM:EMAARDEV

Address No. 12, Jalan Ngee Heng, Mail Box 261, Menara Landmark, Unit 26-01, Level 26, Ibrahim International Business District, Johor Bahru, JHR, MYS, 80888

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

Country View Bhd is a company that operates in the real estate sector. The principal activities of the company are property development, investment holding and property investment. The company's business segments are as follows: (a) Property development - Development of residential and commercial properties. (b) Investment holding - Investing in subsidiaries which are long term in nature. (c) Others. The majority of revenue is derived from the Property development segment. The company operates predominantly in Malaysia.

73GF Score

Get the complete analysis for XKLS:5049

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

RM3.19

Price

RM3.79

GF Value

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