Empire Premium Food Bhd (XKLS:5351) Beneish M-Score: -3.24 (As of Aug. 08, 2026)

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XKLS:5351 Empire Premium Food Bhd XKLS:5351
19 GF Score
Price RM1.00
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What is Empire Premium Food Bhd Beneish M-Score?

Empire Premium Food Bhd XKLS:5351 -1.96% 19 Beneish M-Score is -3.24 as of Aug. 08, 2026. GuruFocus rates XKLS:5351 with a GF Score™ of 19/100. Among 358 Restaurants companies, Empire Premium Food Bhd ranks better than 77.93% 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 -3.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:5351' s Beneish M-Score Range Over the Past 10 Years
Min: -3.24   Med: -3.24   Max: -3.24
Current: -3.24

During the past 3 years, the highest Beneish M-Score of Empire Premium Food Bhd was -3.24. The lowest was -3.24. And the median was -3.24.

Empire Premium Food Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Empire Premium Food 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.

Empire Premium Food Bhd Beneish M-Score Chart

Empire Premium Food Bhd Annual Data
Trend Mar23 Mar24 Mar25
Beneish M-Score
0.00 0.00 -3.24

Empire Premium Food Bhd Semi-Annual Data
Mar23 Mar24 Sep24 Mar25 Sep25
Beneish M-Score 0.00 0.00 0.00 -3.24 0.00

XKLS:5351 vs MCD, SBUX, YUM: Beneish M-Score Comparison

For the Restaurants subindustry, Empire Premium Food 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.

Empire Premium Food Bhd Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Empire Premium Food Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:5351
19GF Score
Empire Premium Food Bhd XKLS:5351
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Empire Premium Food 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 Empire Premium Food 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 * 0.7893+0.528 * 0.9948+0.404 * 0.7874+0.892 * 1.2749+0.115 * 0.9386
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9003+4.679 * -0.158805-0.327 * 0.9603
=-3.24

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was RM1.1 Mil.
Revenue was RM235.6 Mil.
Gross Profit was RM98.3 Mil.
Total Current Assets was RM67.0 Mil.
Total Assets was RM120.3 Mil.
Property, Plant and Equipment(Net PPE) was RM49.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM16.3 Mil.
Selling, General, & Admin. Expense(SGA) was RM13.9 Mil.
Total Current Liabilities was RM36.4 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.3 Mil.
Net Income was RM37.9 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM57.0 Mil.
 Total Receivables was RM1.1 Mil.
Revenue was RM184.8 Mil.
Gross Profit was RM76.7 Mil.
Total Current Assets was RM50.1 Mil.
Total Assets was RM96.7 Mil.
Property, Plant and Equipment(Net PPE) was RM43.1 Mil.
Depreciation, Depletion and Amortization(DDA) was RM12.9 Mil.
Selling, General, & Admin. Expense(SGA) was RM12.1 Mil.
Total Current Liabilities was RM29.8 Mil.
Long-Term Debt & Capital Lease Obligation was RM8.4 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)
=(1.113 / 235.6) / (1.106 / 184.801)
=0.004724 / 0.005985
=0.7893

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)
=(76.683 / 184.801) / (98.274 / 235.6)
=0.414949 / 0.417122
=0.9948

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 - (66.973 + 49.917) / 120.349) / (1 - (50.061 + 43.117) / 96.708)
=0.028741 / 0.036502
=0.7874

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
=235.6 / 184.801
=1.2749

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))
=(12.921 / (12.921 + 43.117)) / (16.257 / (16.257 + 49.917))
=0.230576 / 0.245671
=0.9386

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)
=(13.888 / 235.6) / (12.1 / 184.801)
=0.058947 / 0.065476
=0.9003

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)
=((9.275 + 36.428) / 120.349) / ((8.397 + 29.848) / 96.708)
=0.379754 / 0.395469
=0.9603

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
=(37.92 - 0 - 57.032) / 120.349
=-0.158805

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.

Empire Premium Food Bhd has a M-score of -3.24 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 -3.24 mean?
Empire Premium Food Bhd (XKLS:5351) has a Beneish M-Score of -3.24 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Empire Premium Food Bhd and its competitors. According to the industry distribution chart, Empire Premium Food Bhd ranks #79 out of 358 companies in the Restaurants industry, placing it in the top 22.1%.
Is Empire Premium Food Bhd's Beneish M-Score too high?
Empire Premium Food Bhd's current Beneish M-Score is -3.24. Based on the distribution chart, Empire Premium Food Bhd ranks #79 out of 358 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Empire Premium Food Bhd has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Empire Premium Food Bhd's Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Empire Premium Food Bhd ranks #79 out of 358 companies for Beneish M-Score. This places Empire Premium Food Bhd in the top 22% 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Empire Premium Food Bhd and its competitors. Empire Premium Food Bhd's current Beneish M-Score is -3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empire Premium Food Bhd stock overvalued right now?
Empire Premium Food Bhd (XKLS:5351) has a current Beneish M-Score of -3.24. The current Beneish M-Score is -3.24. Empire Premium Food Bhd's overall GF Score™ is 19/100. 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 Empire Premium Food Bhd (XKLS:5351), the current Beneish M-Score is -3.24 as of Aug. 08, 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.

Empire Premium Food Bhd Business Description

Address Jalan Kenari 5, No. 5, 5th Floor, Block B, IOI Boulevard, Bandar Puchong Jaya, Puchong, SGR, MYS, 47170
Empire Premium Food Bhd is principally engaged in investment holding. Along with its subsidiary, it operates a chain of sushi food service outlets operating under its brand, Empire Sushi. The company's business segment includes: i) Grab-and-go outlets (include owned and operated Empire Sushi outlets and 1 consignment outlet), ii) Quick dine-in outlet. The majority of revenue is derived from the Grab-and-go outlets segment. Geographically, it operates predominantly in Malaysia.
19GF Score

Get the complete analysis for XKLS:5351

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

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