Analabs Resources Bhd (XKLS:7083) Beneish M-Score: -2.87 (As of Jun. 26, 2026)

What is Analabs Resources Bhd Beneish M-Score?

Analabs Resources Bhd XKLS:7083 70 Beneish M-Score is -2.87 as of Jun. 26, 2026. GuruFocus rates XKLS:7083 with a GF Score™ of 70/100 and a GF Value™ of RM1.38 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,529 Chemicals companies, Analabs Resources Bhd ranks better than 79.53% 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 -2.87 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7083' s Beneish M-Score Range Over the Past 10 Years
Min: -3.7 Med: -2.56 Max: -1.29
Current: -2.87

During the past 13 years, the highest Beneish M-Score of Analabs Resources Bhd was -1.29. The lowest was -3.70. And the median was -2.56.

Analabs Resources Bhd Beneish M-Score Related Terms

Analabs Resources Bhd Beneish M-Score Historical Data

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The historical data trend for Analabs Resources 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.

Analabs Resources Bhd Beneish M-Score Chart

Analabs Resources Bhd Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Apr25

Beneish M-Score

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-2.16

-2.51

-2.03

-2.80

-2.58

Analabs Resources Bhd Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26
Beneish M-Score	Get a 7-Day Free Trial															-2.94	-2.58	-2.60	-2.40	-2.87

XKLS:7083 vs LIN, SHW, ECL: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Analabs Resources 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.

Analabs Resources Bhd Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Analabs Resources Bhd's Beneish M-Score distribution charts can be found below:

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

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70GF Score

Analabs Resources Bhd XKLS:7083

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Analabs Resources 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 Analabs Resources Bhd for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.7283

0.528 * 0.7567

0.404 * 1.0604

0.892 * 0.9247

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7486

4.679 * -0.009265

0.327 * 0.8989

-2.87

This Year (Jan26) TTM:

Last Year (Jan25) TTM:

Total Receivables was RM25.4 Mil.
Revenue was 24.586 + 34.675 + 21.685 + 34.398 = RM115.3 Mil.
Gross Profit was 7.7 + 16.071 + 4.615 + 18.617 = RM47.0 Mil.
Total Current Assets was RM69.2 Mil.
Total Assets was RM899.1 Mil.
Property, Plant and Equipment(Net PPE) was RM112.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM13.1 Mil.
Total Current Liabilities was RM252.2 Mil.
Long-Term Debt & Capital Lease Obligation was RM7.9 Mil.
Net Income was 12.993 + 12.577 + 1.076 + 12.268 = RM38.9 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0.0 Mil.
Cash Flow from Operations was 13.754 + -0.344 + -5.805 + 39.639 = RM47.2 Mil.

Total Receivables was RM37.7 Mil.
Revenue was 26.491 + 36.566 + 32.24 + 29.433 = RM124.7 Mil.
Gross Profit was 4.613 + 15.247 + 8.826 + 9.775 = RM38.5 Mil.
Total Current Assets was RM71.5 Mil.
Total Assets was RM756.0 Mil.
Property, Plant and Equipment(Net PPE) was RM115.9 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.0 Mil.
Selling, General, & Admin. Expense(SGA) was RM18.9 Mil.
Total Current Liabilities was RM233.7 Mil.
Long-Term Debt & Capital Lease Obligation was RM9.6 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)
	=	(25.385 / 115.344)	/	(37.69 / 124.73)
	=	0.220081	/	0.302173
	=	0.7283

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)
	=	(38.461 / 124.73)	/	(47.003 / 115.344)
	=	0.308354	/	0.407503
	=	0.7567

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 - (69.198 + 112.874) / 899.062)	/	(1 - (71.549 + 115.904) / 756.02)
	=	0.797487	/	0.752053
	=	1.0604

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
	=	115.344	/	124.73
	=	0.9247

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))
	=	(0 / (0 + 115.904))	/	(0 / (0 + 112.874))
	=	0	/	0
	=	1

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)
	=	(13.088 / 115.344)	/	(18.906 / 124.73)
	=	0.113469	/	0.151575
	=	0.7486

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)
	=	((7.886 + 252.177) / 899.062)	/	((9.584 + 233.694) / 756.02)
	=	0.28926	/	0.321788
	=	0.8989

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
	=	(38.914 - 0	-	47.244)	/	899.062
	=	-0.009265

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.

Analabs Resources Bhd has a M-score of -2.87 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 -2.87 mean?

Analabs Resources Bhd (XKLS:7083) has a Beneish M-Score of -2.87 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Analabs Resources Bhd and its competitors. According to the industry distribution chart, Analabs Resources Bhd ranks #313 out of 1529 companies in the Chemicals industry, placing it in the top 20.5%.

Is Analabs Resources Bhd's Beneish M-Score too high?

Analabs Resources Bhd's current Beneish M-Score is -2.87. Based on the distribution chart, Analabs Resources Bhd ranks #313 out of 1529 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Analabs Resources Bhd has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Analabs Resources Bhd's Beneish M-Score compare to LIN and SHW?

According to the Chemicals industry distribution chart, Analabs Resources Bhd ranks #313 out of 1529 companies for Beneish M-Score. This places Analabs Resources Bhd in the top 21% 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 Chemicals company?

A good Beneish M-Score depends on the Chemicals 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 Analabs Resources Bhd and its competitors. Analabs Resources Bhd's current Beneish M-Score is -2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Analabs Resources Bhd stock overvalued right now?

Based on GuruFocus' analysis, Analabs Resources Bhd (XKLS:7083) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.38, compared to a current price of RM1.70 — trading 23.2% above its estimated fair value. The current Beneish M-Score is -2.87. Analabs Resources Bhd's overall GF Score™ is 70/100 with 11 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 Analabs Resources Bhd (XKLS:7083), the current Beneish M-Score is -2.87 as of Jun. 26, 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 Analabs Resources Bhd (XKLS:7083) Overvalued in 2026?

Based on GuruFocus' analysis, Analabs Resources Bhd stock appears to be overvalued. The current stock price of RM1.70 is trading 23.2% above its estimated GF Value™ of RM1.38. GuruFocus considers Analabs Resources Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:7083:

Beneish M-Score: -2.87
GF Value™: RM1.38 vs. price of RM1.70 (23.2% above fair value)
GF Score™: 70/100 with 11 warning signs

No single metric tells the full story. See the XKLS:7083 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Analabs Resources Bhd Business Description

Industry Basic Materials Chemicals

Comparable Companies XKLS:3298 XKLS:5289 XKLS:03024 XKLS:7192 XKLS:0100 XKLS:7803 XKLS:2127 XKLS:0205 XKLS:0105 XKLS:0381 LIN XPAR:AI SHW ECL APD XSWX:GIVN SHSE:600309 XSWX:SIKA SZSE:002466 OCSE:NSIS B

Address Jalan Haji Sirat, Lot 750, Klang, SGR, MYS, 42100

Website https://www.analabs.com.my

Analabs Resources Bhd is a Malaysia-based company engaged in the businesses of investment holding and the provision of management services. It has five business segments, which include: Manufacturing, formulation, and sale of resin, chemicals, and building materials; Recovery and sale of recycled products; Contract work, pipe laying, and rehabilitation; Culture and sale of prawns; Investment holding and property letting, and asset and portfolio management. The company earns the majority of its revenue from the manufacturing, formulation, and sale of resin, chemicals, and building materials. Geographically, the company derives its maximum revenue from Malaysia and the rest from Singapore.

70GF Score

Get the complete analysis for XKLS:7083

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

RM1.70

Price

RM1.38

GF Value

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