Only World Group Holdings Bhd (XKLS:5260) Beneish M-Score: -3.35 (As of Jun. 25, 2026)


XKLS:5260 Only World Group Holdings Bhd XKLS:5260
45 GF Score
Price RM0.17
GF Value RM0.40
Valuation Possible Value Trap
! 5 Warning Signs
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What is Only World Group Holdings Bhd Beneish M-Score?

Only World Group Holdings Bhd XKLS:5260 -2.86% 45 Beneish M-Score is -3.35 as of Jun. 25, 2026. GuruFocus rates XKLS:5260 with a GF Score™ of 45/100 and a GF Value™ of RM0.40 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 824 Travel & Leisure companies, Only World Group Holdings Bhd ranks better than 90.29% 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 -3.35 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:5260' s Beneish M-Score Range Over the Past 10 Years
Min: -7.65   Med: -2.81   Max: 58.05
Current: -3.35

During the past 12 years, the highest Beneish M-Score of Only World Group Holdings Bhd was 58.05. The lowest was -7.65. And the median was -2.81.


Only World Group Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Only World Group 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.

Only World Group Holdings Bhd Beneish M-Score Chart

Only World Group Holdings Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.66 -7.65 -1.52 -3.27 -2.95

Only World Group Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 -2.94 -2.95 -3.16 -3.20 -3.35

XKLS:5260 vs AS, HAS, LTH: Beneish M-Score Comparison

For the Leisure subindustry, Only World Group 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.


Only World Group Holdings Bhd Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Only World Group Holdings Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:5260
45GF Score
Only World Group Holdings Bhd XKLS:5260
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Only World Group 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 Only World Group Holdings 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 * 0.7728+0.528 * 0.7837+0.404 * 1.0113+0.892 * 1.0536+0.115 * 0.814
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0594+4.679 * -0.118836-0.327 * 1.0476
=-3.35

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM12.8 Mil.
Revenue was 36.512 + 40.105 + 32.727 + 37.231 = RM146.6 Mil.
Gross Profit was 8.371 + 11.233 + 5.37 + 12.18 = RM37.2 Mil.
Total Current Assets was RM116.4 Mil.
Total Assets was RM413.2 Mil.
Property, Plant and Equipment(Net PPE) was RM283.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM39.1 Mil.
Selling, General, & Admin. Expense(SGA) was RM30.9 Mil.
Total Current Liabilities was RM69.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM124.0 Mil.
Net Income was -5.11 + 0.421 + -4.207 + 0.726 = RM-8.2 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 4.907 + 9.994 + 6.669 + 19.361 = RM40.9 Mil.
Total Receivables was RM15.7 Mil.
Revenue was 31.7 + 35.604 + 34.964 + 36.851 = RM139.1 Mil.
Gross Profit was 6.061 + 7.231 + 7.591 + 6.753 = RM27.6 Mil.
Total Current Assets was RM121.5 Mil.
Total Assets was RM417.8 Mil.
Property, Plant and Equipment(Net PPE) was RM283.5 Mil.
Depreciation, Depletion and Amortization(DDA) was RM31.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM27.7 Mil.
Total Current Liabilities was RM80.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM106.2 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)
=(12.762 / 146.575) / (15.673 / 139.119)
=0.087068 / 0.112659
=0.7728

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)
=(27.636 / 139.119) / (37.154 / 146.575)
=0.19865 / 0.253481
=0.7837

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 - (116.417 + 283.881) / 413.184) / (1 - (121.457 + 283.478) / 417.82)
=0.031187 / 0.030839
=1.0113

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
=146.575 / 139.119
=1.0536

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))
=(30.979 / (30.979 + 283.478)) / (39.088 / (39.088 + 283.881))
=0.098516 / 0.121027
=0.814

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)
=(30.926 / 146.575) / (27.706 / 139.119)
=0.210991 / 0.199153
=1.0594

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)
=((123.978 + 69.806) / 413.184) / ((106.249 + 80.803) / 417.82)
=0.469002 / 0.447686
=1.0476

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
=(-8.17 - 0 - 40.931) / 413.184
=-0.118836

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.

Only World Group Holdings Bhd has a M-score of -3.35 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 -3.35 mean?
Only World Group Holdings Bhd (XKLS:5260) has a Beneish M-Score of -3.35 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Only World Group Holdings Bhd and its competitors. According to the industry distribution chart, Only World Group Holdings Bhd ranks #80 out of 824 companies in the Travel & Leisure industry, placing it in the top 9.7%.
Is Only World Group Holdings Bhd's Beneish M-Score too high?
Only World Group Holdings Bhd's current Beneish M-Score is -3.35. Based on the distribution chart, Only World Group Holdings Bhd ranks #80 out of 824 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Only World Group Holdings Bhd has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Only World Group Holdings Bhd's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Only World Group Holdings Bhd ranks #80 out of 824 companies for Beneish M-Score. This places Only World Group Holdings Bhd in the top 10% 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Only World Group Holdings Bhd and its competitors. Only World Group Holdings Bhd's current Beneish M-Score is -3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Only World Group Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Only World Group Holdings Bhd (XKLS:5260) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.40, compared to a current price of RM0.17 — trading 57.5% below its estimated fair value. The current Beneish M-Score is -3.35. Only World Group Holdings Bhd's overall GF Score™ is 45/100 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 Only World Group Holdings Bhd (XKLS:5260), the current Beneish M-Score is -3.35 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 Only World Group Holdings Bhd (XKLS:5260) Overvalued in 2026?

Based on GuruFocus' analysis, Only World Group Holdings Bhd stock appears to be undervalued. The current stock price of RM0.17 is trading 57.5% below its estimated GF Value™ of RM0.40. GuruFocus considers Only World Group Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:5260:

  • Beneish M-Score: -3.35
  • GF Value™: RM0.40 vs. price of RM0.17 (57.5% below fair value)
  • GF Score™: 45/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5260 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Only World Group Holdings Bhd Business Description

Address Number 10, Jalan Pelukis U1/46, Seksyen U1, Glenmarie, Temasya Industrial Park, Glenmarie, Darul Ehsan, Shah Alam, SGR, MYS, 40150
Only World Group Holdings Bhd is engaged in providing leisure and hospitality services. It consists segments, namely; Food Services Operation, which operates central kitchen and food service outlets. Amusement & recreation operations, which operate water amusement parks and family attractions. Other services, which operate various complimentary products and services for the above two segments and investment holding. The company generates majority of its revenue from the Food services operation segment followed by Amusement & recreation operations segment. Geographically, the group operates in Malaysia.
45GF Score

Get the complete analysis for XKLS:5260

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

RM0.17
Price
RM0.40
GF Value