Kpj Healthcare BhdXKLS:5878 +1.56%66 Beneish M-Score is -2.78 as of Jun. 25, 2026. GuruFocus rates XKLS:5878 with a GF Score™ of 66/100 and a GF Value™ of RM2.48 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 632 Healthcare Providers & Services companies, Kpj Healthcare Bhd ranks better than 66.3% 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 -2.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Kpj Healthcare Bhd's Beneish M-Score or its related term are showing as below:
XKLS:5878'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.05 Med: -2.69 Max: -2.33
Current: -2.78
During the past 13 years, the highest Beneish M-Score of Kpj Healthcare Bhd was -2.33. The lowest was -3.05. And the median was -2.69.
Kpj Healthcare Bhd Beneish M-Score Related Terms
Kpj Healthcare Bhd Beneish M-Score Historical Data
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The historical data trend for Kpj Healthcare 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:5878 vs HCA, THC, DVA: Beneish M-Score Comparison
For the Medical Care Facilities subindustry, Kpj Healthcare 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.
Kpj Healthcare Bhd Beneish M-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Kpj Healthcare Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Kpj Healthcare 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 Kpj Healthcare 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 * 0.9396
+
0.528 * 1.0038
+
0.404 * 0.9413
+
0.892 * 1.0952
+
0.115 * 0.9289
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0375
+
4.679 * -0.063465
-
0.327 * 0.9764
=
-2.78
* 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))
=
(286.365 / (286.365 + 4583.817))
/
(321.262 / (321.262 + 4753.69))
=
0.0588
/
0.063303
=
0.9289
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
=
(378.514 - 0
-
895.058)
/
8139.048
=
-0.063465
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.
Kpj Healthcare Bhd has a M-score of -2.78 suggests that the company is unlikely to be a manipulator.
Kpj Healthcare Bhd (XKLS:5878) has a Beneish M-Score of -2.78 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kpj Healthcare Bhd and its competitors. According to the industry distribution chart, Kpj Healthcare Bhd ranks #213 out of 632 companies in the Healthcare Providers & Services industry, placing it in the top 33.7%.
Is Kpj Healthcare Bhd's Beneish M-Score too high?
Kpj Healthcare Bhd's current Beneish M-Score is -2.78. Based on the distribution chart, Kpj Healthcare Bhd ranks #213 out of 632 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Kpj Healthcare Bhd has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kpj Healthcare Bhd's Beneish M-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Kpj Healthcare Bhd ranks #213 out of 632 companies for Beneish M-Score. This puts Kpj Healthcare 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Kpj Healthcare Bhd and its competitors. Kpj Healthcare Bhd's current Beneish M-Score is -2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kpj Healthcare Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kpj Healthcare Bhd (XKLS:5878) is currently considered Significantly Overvalued. The stock's GF Value™ is RM2.48, compared to a current price of RM3.25 — trading 31% above its estimated fair value. The current Beneish M-Score is -2.78. Kpj Healthcare Bhd's overall GF Score™ is 66/100 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 Kpj Healthcare Bhd (XKLS:5878), the current Beneish M-Score is -2.78 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 Kpj Healthcare Bhd (XKLS:5878) Overvalued in 2026?
Based on GuruFocus' analysis, Kpj Healthcare Bhd stock appears to be overvalued.
The current stock price of RM3.25 is trading 31% above its estimated GF Value™ of RM2.48.
GuruFocus considers Kpj Healthcare Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5878:
Beneish M-Score: -2.78
GF Value™: RM2.48 vs. price of RM3.25 (31% above fair value)
No single metric tells the full story. See the XKLS:5878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KPJ Healthcare Bhd operates as an investment holding company and provides management services to its subsidiaries. The principal activities of the subsidiaries are mainly the operation of specialist hospitals. The reportable segments of the company are: (i) Malaysia - All healthcare activities including the private hospitals, pathology and laboratory services and distribution of pharmaceutical, medical and consumer healthcare products. (ii) Others - Operating segments involved in provision of hospital and retirement village services in Thailand and Australia, a private university and colleges of nursing and allied health and other similar activities in Malaysia. The majority of revenue is derived from the Malaysia segment.
66GF Score
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