Geohan Bhd (XKLS:5345) Beneish M-Score: -1.77 (As of Jul. 03, 2026)


XKLS:5345 Geohan Corp Bhd XKLS:5345
11 GF Score
Price RM0.29
! 5 Warning Signs
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What is Geohan Bhd Beneish M-Score?

Geohan Bhd XKLS:5345 11 Beneish M-Score is -1.77 as of Jul. 03, 2026. GuruFocus rates XKLS:5345 with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 1,700 Construction companies, Geohan Bhd ranks worse than 82.65% 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 -1.77 higher than -1.78, which implies that the company might have manipulated its financial results.

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

XKLS:5345' s Beneish M-Score Range Over the Past 10 Years
Min: -5.82   Med: -3.8   Max: -1.77
Current: -1.77

During the past 4 years, the highest Beneish M-Score of Geohan Bhd was -1.77. The lowest was -5.82. And the median was -3.80.

Geohan Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Geohan 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.

Geohan Bhd Beneish M-Score Chart

Geohan Bhd Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -5.82 -1.77

Geohan Bhd Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -5.82 -1.77

XKLS:5345 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Geohan 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.

Geohan Bhd Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Geohan Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:5345
11GF Score
Geohan Corp Bhd XKLS:5345
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Geohan 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 Geohan 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 * 1.5622+0.528 * 1.0876+0.404 * 0.6017+0.892 * 0.9301+0.115 * 0.9673
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3132+4.679 * 0.080094-0.327 * 0.847
=-1.77

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was RM210.0 Mil.
Revenue was RM367.6 Mil.
Gross Profit was RM38.7 Mil.
Total Current Assets was RM314.7 Mil.
Total Assets was RM508.7 Mil.
Property, Plant and Equipment(Net PPE) was RM188.2 Mil.
Depreciation, Depletion and Amortization(DDA) was RM29.9 Mil.
Selling, General, & Admin. Expense(SGA) was RM27.4 Mil.
Total Current Liabilities was RM219.3 Mil.
Long-Term Debt & Capital Lease Obligation was RM61.9 Mil.
Net Income was RM13.6 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM-27.1 Mil.
 Total Receivables was RM144.5 Mil.
Revenue was RM395.2 Mil.
Gross Profit was RM45.2 Mil.
Total Current Assets was RM212.3 Mil.
Total Assets was RM401.9 Mil.
Property, Plant and Equipment(Net PPE) was RM181.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM27.8 Mil.
Selling, General, & Admin. Expense(SGA) was RM22.4 Mil.
Total Current Liabilities was RM204.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM57.3 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)
=(209.966 / 367.584) / (144.507 / 395.216)
=0.571205 / 0.365641
=1.5622

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)
=(45.233 / 395.216) / (38.68 / 367.584)
=0.114451 / 0.105228
=1.0876

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 - (314.683 + 188.174) / 508.689) / (1 - (212.304 + 181.892) / 401.853)
=0.011465 / 0.019054
=0.6017

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
=367.584 / 395.216
=0.9301

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))
=(27.784 / (27.784 + 181.892)) / (29.871 / (29.871 + 188.174))
=0.132509 / 0.136995
=0.9673

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)
=(27.375 / 367.584) / (22.413 / 395.216)
=0.074473 / 0.056711
=1.3132

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)
=((61.876 + 219.26) / 508.689) / ((57.322 + 204.891) / 401.853)
=0.552668 / 0.65251
=0.847

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
=(13.636 - 0 - -27.107) / 508.689
=0.080094

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.

Geohan Bhd has a M-score of -1.77 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.77 mean?
Geohan Bhd (XKLS:5345) has a Beneish M-Score of -1.77 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Geohan Bhd and its competitors. According to the industry distribution chart, Geohan Bhd ranks #1405 out of 1700 companies in the Construction industry, placing it in the top 82.6%.
Is Geohan Bhd's Beneish M-Score too high?
Geohan Bhd's current Beneish M-Score is -1.77. Based on the distribution chart, Geohan Bhd ranks #1405 out of 1700 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Geohan Bhd has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Geohan Bhd's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Geohan Bhd ranks #1405 out of 1700 companies for Beneish M-Score. This places Geohan 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 a Construction company?
A good Beneish M-Score depends on the Construction 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 Geohan Bhd and its competitors. Geohan Bhd's current Beneish M-Score is -1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Geohan Bhd stock overvalued right now?
Geohan Bhd (XKLS:5345) has a current Beneish M-Score of -1.77. The current Beneish M-Score is -1.77. Geohan Bhd's overall GF Score™ is 11/100 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 Geohan Bhd (XKLS:5345), the current Beneish M-Score is -1.77 as of Jul. 03, 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.

Geohan Bhd Business Description

Address Jalan Datuk Sulaiman, No. 40, 42A & 42B, Taman Tun Dr. Ismail, Wilayah Persekutuan, Kuala Lumpur, MYS, 60000
Geohan Corp Bhd is an investment holding company. Through its Subsidiaries, the company is principally involved in the provision of foundation and geotechnical services, as well as other related services. Its core interests include real estate, construction, and infrastructure development. The company's business segments include: Foundation and geotechnical services; and Other related services. The majority of revenue is derived from the Foundation and geotechnical services segment, which is involved in the provision of piling works, earth retaining structural works and sub-structure works for residential, commercial, industrial as well as infrastructure development.
11GF Score

Get the complete analysis for XKLS:5345

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

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