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Engtex Group BhdXKLS:5056 56 Beneish M-Score is -2.18 as of Jul. 13, 2026. GuruFocus rates XKLS:5056 with a GF Score™ of 56/100 and a GF Value™ of RM0.54 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 152 Industrial Distribution companies, Engtex Group Bhd ranks worse than 83.55% 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 -2.18 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Engtex Group Bhd's Beneish M-Score or its related term are showing as below:
XKLS:5056'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.27 Med: -2.49 Max: -1.48
Current: -2.18
During the past 13 years, the highest Beneish M-Score of Engtex Group Bhd was -1.48. The lowest was -3.27. And the median was -2.49.
Engtex Group Bhd Beneish M-Score Related Terms
Engtex Group Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Engtex Group 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.
XKLS:5056 vs GWW, FAST, FERG: Beneish M-Score Comparison
For the Industrial Distribution subindustry, Engtex Group 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.
Engtex Group Bhd Beneish M-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Engtex Group Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Engtex Group Bhd's Beneish M-Score falls into.
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 Engtex Group 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 * 1.001
+
0.528 * 0.7608
+
0.404 * 2.2533
+
0.892 * 1.0417
+
0.115 * 0.8063
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0522
+
4.679 * -0.019353
-
0.327 * 0.9933
=
-2.18
* 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.
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.
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))
=
(24.015 / (24.015 + 475.306))
/
(25.862 / (25.862 + 407.717))
=
0.048095
/
0.059648
=
0.8063
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
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
=
(36.17 - 0
-
66.519)
/
1568.219
=
-0.019353
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.
Engtex Group Bhd has a M-score of -2.18 suggests that the company is unlikely to be a manipulator.
Engtex Group Bhd (XKLS:5056) has a Beneish M-Score of -2.18 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Engtex Group Bhd and its competitors. According to the industry distribution chart, Engtex Group Bhd ranks #127 out of 152 companies in the Industrial Distribution industry, placing it in the top 83.6%.
Is Engtex Group Bhd's Beneish M-Score too high?
Engtex Group Bhd's current Beneish M-Score is -2.18. Based on the distribution chart, Engtex Group Bhd ranks #127 out of 152 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Engtex Group Bhd has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Engtex Group Bhd's Beneish M-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Engtex Group Bhd ranks #127 out of 152 companies for Beneish M-Score. This places Engtex Group 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 an Industrial Distribution company?
A good Beneish M-Score depends on the Industrial Distribution 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 Engtex Group Bhd and its competitors. Engtex Group Bhd's current Beneish M-Score is -2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Engtex Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Engtex Group Bhd (XKLS:5056) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.54, compared to a current price of RM0.44 — trading 18.5% below its estimated fair value. The current Beneish M-Score is -2.18. Engtex Group Bhd's overall GF Score™ is 56/100 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 Engtex Group Bhd (XKLS:5056), the current Beneish M-Score is -2.18 as of Jul. 13, 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 Engtex Group Bhd (XKLS:5056) Overvalued in 2026?
Based on GuruFocus' analysis, Engtex Group Bhd stock appears to be undervalued.
The current stock price of RM0.44 is trading 18.5% below its estimated GF Value™ of RM0.54.
GuruFocus considers Engtex Group Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5056:
Beneish M-Score: -2.18
GF Value™: RM0.54 vs. price of RM0.44 (18.5% below fair value)
No single metric tells the full story. See the XKLS:5056 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Engtex Group Bhd is an investment holding company operating in four business segments; The wholesale and distribution segment Includes wholesale and distribution of pipes, valves, fittings, plumbing materials, steel-related products, general hardware products, and construction materials, Manufacturing segment Includes manufacturing and sale of steel and ductile iron pipes and fittings, valves, manhole covers, hydrants, industrial casting products, welded wire mesh, hard-drawn wire, bitumen products, and other steel-related products, Property development segment includes property development and investment activities, and the Hospitality segment Includes the provision of rooms, food and beverage, meeting and function rooms, and other hospitality services.
56GF Score
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