Well Chip Group BhdXKLS:5325 -1.83%43 Beneish M-Score is 10.32 as of Jun. 26, 2026, which is 8% below its 10-year median of 11.17. GuruFocus rates XKLS:5325 with a GF Score™ of 43/100. The stock has 7 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Well Chip Group Bhd ranks worse than 98.8% 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 10.32 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Well Chip Group Bhd's Beneish M-Score or its related term are showing as below:
XKLS:5325'
s Beneish M-Score Range Over the Past 10 Years
Min: 10.32 Med: 11.17 Max: 11.59
Current: 10.32
During the past 6 years, the highest Beneish M-Score of Well Chip Group Bhd was 11.59. The lowest was 10.32. And the median was 11.17.
Well Chip Group Bhd Beneish M-Score Related Terms
Well Chip Group Bhd Beneish M-Score Historical Data
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The historical data trend for Well Chip 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.
For the Luxury Goods subindustry, Well Chip 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.
Well Chip Group Bhd Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Well Chip Group Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Well Chip 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 Well Chip 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 * 1.298
+
0.528 * 0.8213
+
0.404 * 28.649
+
0.892 * 1.2597
+
0.115 * 1.0745
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9027
+
4.679 * 0.284471
-
0.327 * 1.4254
=
10.32
* 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))
=
(4.502 / (4.502 + 32.177))
/
(4.831 / (4.831 + 37.462))
=
0.122741
/
0.114227
=
1.0745
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
=
(96.153 - 0
-
-198.097)
/
1034.377
=
0.284471
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.
Well Chip Group Bhd has a M-score of 10.32 signals that the company is likely to be a manipulator.
Well Chip Group Bhd (XKLS:5325) has a Beneish M-Score of 10.32 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Well Chip Group Bhd and its competitors. This is near median its historical median of 11.17. Over the past decade, Well Chip Group Bhd's Beneish M-Score has ranged from 10.32 to 11.59. According to the industry distribution chart, Well Chip Group Bhd ranks #1074 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 98.8%.
Is Well Chip Group Bhd's Beneish M-Score too high?
Well Chip Group Bhd's current Beneish M-Score of 10.32 is near median its 10-year median of 11.17. Over the past 10 years, this metric has ranged from a low of 10.32 to a high of 11.59. Based on the distribution chart, Well Chip Group Bhd ranks #1074 out of 1087 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Well Chip Group Bhd has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Well Chip Group Bhd's Beneish M-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Well Chip Group Bhd ranks #1074 out of 1087 companies for Beneish M-Score. This places Well Chip Group Bhd in the lower half of its industry. Historically, Well Chip Group Bhd's own Beneish M-Score has ranged from 10.32 to 11.59 over the past decade. 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Well Chip Group Bhd and its competitors. Well Chip Group Bhd's current Beneish M-Score is 10.32, which is near median its own 10-year median of 11.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Well Chip Group Bhd stock overvalued right now?
Well Chip Group Bhd (XKLS:5325) has a current Beneish M-Score of 10.32. The current Beneish M-Score is 10.32, which is near median its 10-year median of 11.17. Well Chip Group Bhd's overall GF Score™ is 43/100 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 Well Chip Group Bhd (XKLS:5325), the current Beneish M-Score is 10.32 as of Jun. 26, 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.
Well Chip Group Bhd is engaged in the provision of pawnbroking services and the retail and trading of jewellery and gold. The company operates through two reportable segments: Pawnbroking services and Retail and trading of jewellery and gold. Its pawnbroking business provides pawn loans in exchange for pledges such as gold, jewellery, and watches, while the retail and trading segment involves the sale of new and pre-owned jewellery and gold, including scrap gold acquired from unredeemed and bid pledges and from walk-in individuals. It generates the majority of its revenue from the Pawnbroking services segment.
43GF Score
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