Pacific & Orient Bhd (XKLS:6009) Beneish M-Score: -2.39 (As of Jun. 25, 2026)


XKLS:6009 Pacific & Orient Bhd XKLS:6009
24 GF Score
Price RM0.55
GF Value RM0.56
Valuation Fairly Valued
! 3 Warning Signs
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What is Pacific & Orient Bhd Beneish M-Score?

Pacific & Orient Bhd XKLS:6009 +0.93% 24 Beneish M-Score is -2.39 as of Jun. 25, 2026. GuruFocus rates XKLS:6009 with a GF Score™ of 24/100 and a GF Value™ of RM0.56 (Fairly Valued). The stock has 3 warning signs investors should review. Among 397 Insurance companies, Pacific & Orient Bhd ranks worse than 64.99% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:6009' s Beneish M-Score Range Over the Past 10 Years
Min: -3.2   Med: -2.45   Max: -1.61
Current: -2.39

During the past 13 years, the highest Beneish M-Score of Pacific & Orient Bhd was -1.61. The lowest was -3.20. And the median was -2.45.

XKLS:6009
24GF Score
Pacific & Orient Bhd XKLS:6009
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pacific & Orient 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 Pacific & Orient 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 * 0.9539+0.528 * 1+0.404 * 1.0011+0.892 * 0.935+0.115 * 0.9985
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.016029-0.327 * 0.6494
=-2.39

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was RM50.4 Mil.
Revenue was RM188.6 Mil.
Gross Profit was RM188.6 Mil.
Total Current Assets was RM0.0 Mil.
Total Assets was RM1,045.7 Mil.
Property, Plant and Equipment(Net PPE) was RM28.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM6.6 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM0.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM3.2 Mil.
Net Income was RM-19.0 Mil.
Gross Profit was RM17.9 Mil.
Cash Flow from Operations was RM-53.6 Mil.
 Total Receivables was RM56.5 Mil.
Revenue was RM201.8 Mil.
Gross Profit was RM201.8 Mil.
Total Current Assets was RM0.0 Mil.
Total Assets was RM1,087.1 Mil.
Property, Plant and Equipment(Net PPE) was RM31.2 Mil.
Depreciation, Depletion and Amortization(DDA) was RM7.2 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.0 Mil.
Total Current Liabilities was RM0.0 Mil.
Long-Term Debt & Capital Lease Obligation was RM5.1 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)
=(50.408 / 188.649) / (56.518 / 201.765)
=0.267205 / 0.280118
=0.9539

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)
=(201.765 / 201.765) / (188.649 / 188.649)
=1 / 1
=1

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 - (0 + 28.858) / 1045.712) / (1 - (0 + 31.198) / 1087.092)
=0.972403 / 0.971301
=1.0011

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
=188.649 / 201.765
=0.935

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))
=(7.175 / (7.175 + 31.198)) / (6.649 / (6.649 + 28.858))
=0.18698 / 0.187259
=0.9985

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)
=(0 / 188.649) / (0 / 201.765)
=0 / 0
=1

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)
=((3.169 + 0) / 1045.712) / ((5.072 + 0) / 1087.092)
=0.00303 / 0.004666
=0.6494

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
=(-18.97 - 17.892 - -53.624) / 1045.712
=0.016029

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.

Pacific & Orient Bhd has a M-score of -2.39 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 -2.39 mean?
Pacific & Orient Bhd (XKLS:6009) has a Beneish M-Score of -2.39 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pacific & Orient Bhd and its competitors. According to the industry distribution chart, Pacific & Orient Bhd ranks #258 out of 397 companies in the Insurance industry, placing it in the top 65%.
Is Pacific & Orient Bhd's Beneish M-Score too high?
Pacific & Orient Bhd's current Beneish M-Score is -2.39. Based on the distribution chart, Pacific & Orient Bhd ranks #258 out of 397 companies in the Insurance industry, which is below the industry midpoint. Overall, Pacific & Orient Bhd has a GF Score™ of 24/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pacific & Orient Bhd's Beneish M-Score compare to CB and PGR?
According to the Insurance industry distribution chart, Pacific & Orient Bhd ranks #258 out of 397 companies for Beneish M-Score. This places Pacific & Orient 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Pacific & Orient Bhd and its competitors. Pacific & Orient Bhd's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific & Orient Bhd stock overvalued right now?
Based on GuruFocus' analysis, Pacific & Orient Bhd (XKLS:6009) is currently considered Fairly Valued. The stock's GF Value™ is RM0.56, compared to a current price of RM0.55 — trading 2.7% below its estimated fair value. The current Beneish M-Score is -2.39. Pacific & Orient Bhd's overall GF Score™ is 24/100 with 3 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 Pacific & Orient Bhd (XKLS:6009), the current Beneish M-Score is -2.39 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 Pacific & Orient Bhd (XKLS:6009) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific & Orient Bhd stock appears to be undervalued. The current stock price of RM0.55 is trading 2.7% below its estimated GF Value™ of RM0.56. GuruFocus considers Pacific & Orient Bhd to be Fairly Valued.

Key valuation signals for XKLS:6009:

  • Beneish M-Score: -2.39
  • GF Value™: RM0.56 vs. price of RM0.55 (2.7% below fair value)
  • GF Score™: 24/100 with 3 warning signs

No single metric tells the full story. See the XKLS:6009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Pacific & Orient Bhd Business Description

Address No. 10, Jalan Raja Laut, 11th Floor, Wisma Bumi Raya, Kuala Lumpur, SGR, MYS, 50350
Pacific & Orient Bhd is an investment holding company, which operates in diversified businesses. Its business in Malaysia is organized under six segments which include Insurance, Information technology, investment holding, money lending, Property development, and Investment in start-ups. The company generates the majority of its revenues from the Insurance segment. Other business segments consist of the distribution of consumer goods, which is insufficient size to be reported separately. It also operates in the United States of America (information technology and property development), Thailand (information technology), and England (investing in the real estate market and startup companies). Geographically, the majority of revenue is generated from Malaysia segment.
24GF Score

Get the complete analysis for XKLS:6009

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

RM0.55
Price
RM0.56
GF Value