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Malton BhdXKLS:6181 26 Beneish M-Score is -2.71 as of Jul. 15, 2026. GuruFocus rates XKLS:6181 with a GF Score™ of 26/100 and a GF Value™ of RM0.30 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,683 Real Estate companies, Malton Bhd ranks better than 73.2% 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 -2.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Malton Bhd's Beneish M-Score or its related term are showing as below:
XKLS:6181'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.35 Med: -2.12 Max: -0.85
Current: -2.71
During the past 13 years, the highest Beneish M-Score of Malton Bhd was -0.85. The lowest was -3.35. And the median was -2.12.
Malton Bhd Beneish M-Score Related Terms
Malton Bhd Beneish M-Score Historical Data
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The historical data trend for Malton 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 Real Estate - Development subindustry, Malton 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.
Malton Bhd Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Malton Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Malton 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 Malton 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 * 1.0857
+
0.528 * 0.928
+
0.404 * 1.1608
+
0.892 * 0.7919
+
0.115 * 0.9974
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2335
+
4.679 * -0.027366
-
0.327 * 0.9321
=
-2.71
* 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))
=
(5.719 / (5.719 + 23.526))
/
(5.639 / (5.639 + 23.121))
=
0.195555
/
0.196071
=
0.9974
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
=
(9.854 - 0
-
68.44)
/
2140.822
=
-0.027366
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.
Malton Bhd has a M-score of -2.71 suggests that the company is unlikely to be a manipulator.
Malton Bhd (XKLS:6181) has a Beneish M-Score of -2.71 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Malton Bhd and its competitors. According to the industry distribution chart, Malton Bhd ranks #451 out of 1683 companies in the Real Estate industry, placing it in the top 26.8%.
Is Malton Bhd's Beneish M-Score too high?
Malton Bhd's current Beneish M-Score is -2.71. Based on the distribution chart, Malton Bhd ranks #451 out of 1683 companies in the Real Estate industry, which is above the industry midpoint. Overall, Malton Bhd has a GF Score™ of 26/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Malton Bhd's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Malton Bhd ranks #451 out of 1683 companies for Beneish M-Score. This puts Malton 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Malton Bhd and its competitors. Malton Bhd's current Beneish M-Score is -2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malton Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malton Bhd (XKLS:6181) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.30, compared to a current price of RM0.23 — trading 25% below its estimated fair value. The current Beneish M-Score is -2.71. Malton Bhd's overall GF Score™ is 26/100 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 Malton Bhd (XKLS:6181), the current Beneish M-Score is -2.71 as of Jul. 15, 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 Malton Bhd (XKLS:6181) Overvalued in 2026?
Based on GuruFocus' analysis, Malton Bhd stock appears to be undervalued.
The current stock price of RM0.23 is trading 25% below its estimated GF Value™ of RM0.30.
GuruFocus considers Malton Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:6181:
Beneish M-Score: -2.71
GF Value™: RM0.30 vs. price of RM0.23 (25% below fair value)
No single metric tells the full story. See the XKLS:6181 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malton Bhd is an investment holding company. Its segments include the Property development segment, involved in the business of constructing and developing residential and commercial properties; the Construction contracts segment, involved in the business of construction works for the development of residential and commercial properties.; Property trading segment is involved in the business of sales of developed residential and commercial properties, and Others segment is involved in the business of investment holding, project management, property investment and management, and provision of management and accounting services. The Property Development segment derives the majority of the revenue.
26GF Score
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