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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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Sarawak Oil Palms Bhd's Beneish M-Score or its related term are showing as below:
XKLS:5126'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.46 Med: -2.44 Max: 2.13
Current: -2.53
During the past 13 years, the highest Beneish M-Score of Sarawak Oil Palms Bhd was 2.13. The lowest was -3.46. And the median was -2.44.
Sarawak Oil Palms Bhd Beneish M-Score Related Terms
Sarawak Oil Palms Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Sarawak Oil Palms 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:5126 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, Sarawak Oil Palms 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.
Sarawak Oil Palms Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Sarawak Oil Palms Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sarawak Oil Palms 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 Sarawak Oil Palms 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 * 1.17
+
0.528 * 1.1364
+
0.404 * 0.9183
+
0.892 * 1.0433
+
0.115 * 1.1022
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3153
+
4.679 * -0.035016
-
0.327 * 1.2331
=
-2.53
* 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))
=
(178.156 / (178.156 + 2439.998))
/
(166.444 / (166.444 + 2529.717))
=
0.068046
/
0.061734
=
1.1022
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
=
(397.015 - 0
-
600.831)
/
5820.73
=
-0.035016
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.
Sarawak Oil Palms Bhd has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Sarawak Oil Palms Bhd (XKLS:5126) has a Beneish M-Score of -2.53 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sarawak Oil Palms Bhd and its competitors. According to the industry distribution chart, Sarawak Oil Palms Bhd ranks #913 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 49.3%.
Is Sarawak Oil Palms Bhd's Beneish M-Score too high?
Sarawak Oil Palms Bhd's current Beneish M-Score is -2.53. Based on the distribution chart, Sarawak Oil Palms Bhd ranks #913 out of 1851 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Sarawak Oil Palms Bhd has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sarawak Oil Palms Bhd's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Sarawak Oil Palms Bhd ranks #913 out of 1851 companies for Beneish M-Score. This puts Sarawak Oil Palms 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Sarawak Oil Palms Bhd and its competitors. Sarawak Oil Palms Bhd's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sarawak Oil Palms Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sarawak Oil Palms Bhd (XKLS:5126) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.25, compared to a current price of RM5.15 — trading 58.5% above its estimated fair value. The current Beneish M-Score is -2.53. Sarawak Oil Palms Bhd's overall GF Score™ is 56/100 with 7 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 Sarawak Oil Palms Bhd (XKLS:5126), the current Beneish M-Score is -2.53 as of Jul. 14, 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 Sarawak Oil Palms Bhd (XKLS:5126) Overvalued in 2026?
Based on GuruFocus' analysis, Sarawak Oil Palms Bhd stock appears to be overvalued.
The current stock price of RM5.15 is trading 58.5% above its estimated GF Value™ of RM3.25.
GuruFocus considers Sarawak Oil Palms Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5126:
Beneish M-Score: -2.53
GF Value™: RM3.25 vs. price of RM5.15 (58.5% above fair value)
No single metric tells the full story. See the XKLS:5126 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sarawak Oil Palms Bhd is a Malaysia-based company engaged in the principal activities of investment holding, cultivation of oil palms, and operations of palm oil mills. Its reportable segments are Oil palms and Property development. A majority of its revenue is generated from the Oil palms segment, which is engaged in the cultivation of oil palms, processing, refining, and trading of palm products. The Property development segment is involved in the development of residential and commercial properties. Geographically, the group derives maximum revenue from the Asia-Pacific region, followed by Malaysia, and other regions.
56GF Score
Get the complete analysis for XKLS:5126
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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