Khind Holdings Bhd (XKLS:7062) Beneish M-Score: -2.22 (As of Jul. 14, 2026)

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XKLS:7062 Khind Holdings Bhd XKLS:7062
70 GF Score
Price RM1.46
GF Value RM2.14
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Khind Holdings Bhd Beneish M-Score?

Khind Holdings Bhd XKLS:7062 +4.29% 70 Beneish M-Score is -2.22 as of Jul. 14, 2026. GuruFocus rates XKLS:7062 with a GF Score™ of 70/100 and a GF Value™ of RM2.14 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 416 Furnishings, Fixtures & Appliances companies, Khind Holdings Bhd ranks worse than 74.76% 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 -2.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7062' s Beneish M-Score Range Over the Past 10 Years
Min: -3.12   Med: -2.34   Max: -1.63
Current: -2.22

During the past 13 years, the highest Beneish M-Score of Khind Holdings Bhd was -1.63. The lowest was -3.12. And the median was -2.34.


Khind Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Khind Holdings 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.

Khind Holdings Bhd Beneish M-Score Chart

Khind Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.02 -2.45 -2.84 -1.63 -2.22

Khind Holdings Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -2.22 0.00

XKLS:7062 vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Khind Holdings 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.


Khind Holdings Bhd Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Khind Holdings Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:7062
70GF Score
Khind Holdings Bhd XKLS:7062
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khind Holdings 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 Khind Holdings 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 * 0.946+0.528 * 0.9175+0.404 * 2.39+0.892 * 0.9134+0.115 * 0.9288
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0893+4.679 * -0.032756-0.327 * 0.8643
=-2.22

* 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 RM93.2 Mil.
Revenue was RM467.3 Mil.
Gross Profit was RM161.5 Mil.
Total Current Assets was RM228.3 Mil.
Total Assets was RM335.2 Mil.
Property, Plant and Equipment(Net PPE) was RM54.8 Mil.
Depreciation, Depletion and Amortization(DDA) was RM10.5 Mil.
Selling, General, & Admin. Expense(SGA) was RM149.0 Mil.
Total Current Liabilities was RM114.5 Mil.
Long-Term Debt & Capital Lease Obligation was RM14.9 Mil.
Net Income was RM3.6 Mil.
Gross Profit was RM0.0 Mil.
Cash Flow from Operations was RM14.6 Mil.
Total Receivables was RM107.9 Mil.
Revenue was RM511.6 Mil.
Gross Profit was RM162.2 Mil.
Total Current Assets was RM286.8 Mil.
Total Assets was RM371.9 Mil.
Property, Plant and Equipment(Net PPE) was RM60.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM10.7 Mil.
Selling, General, & Admin. Expense(SGA) was RM149.8 Mil.
Total Current Liabilities was RM149.9 Mil.
Long-Term Debt & Capital Lease Obligation was RM16.2 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)
=(93.226 / 467.315) / (107.886 / 511.611)
=0.199493 / 0.210875
=0.946

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)
=(162.218 / 511.611) / (161.502 / 467.315)
=0.317073 / 0.345596
=0.9175

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 - (228.274 + 54.822) / 335.201) / (1 - (286.77 + 60.942) / 371.9)
=0.155444 / 0.065039
=2.39

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
=467.315 / 511.611
=0.9134

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))
=(10.733 / (10.733 + 60.942)) / (10.538 / (10.538 + 54.822))
=0.149745 / 0.16123
=0.9288

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)
=(149.044 / 467.315) / (149.796 / 511.611)
=0.318937 / 0.292793
=1.0893

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)
=((14.878 + 114.481) / 335.201) / ((16.195 + 149.854) / 371.9)
=0.385915 / 0.446488
=0.8643

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
=(3.58 - 0 - 14.56) / 335.201
=-0.032756

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.

Khind Holdings Bhd has a M-score of -2.22 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 -2.22 mean?
Khind Holdings Bhd (XKLS:7062) has a Beneish M-Score of -2.22 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Khind Holdings Bhd and its competitors. According to the industry distribution chart, Khind Holdings Bhd ranks #311 out of 416 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 74.8%.
Is Khind Holdings Bhd's Beneish M-Score too high?
Khind Holdings Bhd's current Beneish M-Score is -2.22. Based on the distribution chart, Khind Holdings Bhd ranks #311 out of 416 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Khind Holdings Bhd has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Khind Holdings Bhd's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Khind Holdings Bhd ranks #311 out of 416 companies for Beneish M-Score. This places Khind Holdings 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Khind Holdings Bhd and its competitors. Khind Holdings Bhd's current Beneish M-Score is -2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khind Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Khind Holdings Bhd (XKLS:7062) is currently considered Possible Value Trap. The stock's GF Value™ is RM2.14, compared to a current price of RM1.46 — trading 31.8% below its estimated fair value. The current Beneish M-Score is -2.22. Khind Holdings Bhd's overall GF Score™ is 70/100 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 Khind Holdings Bhd (XKLS:7062), the current Beneish M-Score is -2.22 as of Jul. 14, 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 Khind Holdings Bhd (XKLS:7062) Overvalued in 2026?

Based on GuruFocus' analysis, Khind Holdings Bhd stock appears to be undervalued. The current stock price of RM1.46 is trading 31.8% below its estimated GF Value™ of RM2.14. GuruFocus considers Khind Holdings Bhd to be Possible Value Trap.

Key valuation signals for XKLS:7062:

  • Beneish M-Score: -2.22
  • GF Value™: RM2.14 vs. price of RM1.46 (31.8% below fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the XKLS:7062 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Khind Holdings Bhd Business Description

Address Jalan Astaka U8/82, Seksyen U8, No. 2, Bukit Jelutong, Shah Alam, SGR, MYS, 40150
Khind Holdings Bhd is a Malaysian-based company that is engaged in the business of investment holding and the provision of management services. The firm operates in three segments. The Investment Holding segment engages in holding investments in subsidiaries. The Trading and Services segment, which derives the majority of revenue, includes the trading of electrical products and providing general repair and rework services, and the Manufacturing segment is engaged in the manufacturing and distribution of electrical products. The product categories are Online Exclusive, KHIND Junior, Cooling & Air Movers, Small Appliances, Large Appliances, Home Appliances, Electrical Accessories, Personal Care Appliances, Spare Parts, and Others.
70GF Score

Get the complete analysis for XKLS:7062

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

RM1.46
Price
RM2.14
GF Value