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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 -2.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Able Global Bhd's Beneish M-Score or its related term are showing as below:
XKLS:7167'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.31 Med: -2.38 Max: -1.55
Current: -2.38
During the past 13 years, the highest Beneish M-Score of Able Global Bhd was -1.55. The lowest was -3.31. And the median was -2.38.
The historical data trend for Able Global 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 Packaged Foods subindustry, Able Global 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.
Able Global Bhd Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Able Global Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Able Global 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 Able Global 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 * 1.0058
+
0.528 * 1.0009
+
0.404 * 1.1757
+
0.892 * 0.996
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0093
+
4.679 * 0.000891
-
0.327 * 0.9334
=
-2.38
* 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))
=
(0 / (0 + 170.986))
/
(0 / (0 + 178.84))
=
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
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
=
(76.529 - 0
-
75.779)
/
841.499
=
0.000891
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.
Able Global Bhd has a M-score of -2.38 suggests that the company is unlikely to be a manipulator.
Able Global Bhd (XKLS:7167) has a Beneish M-Score of -2.38 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Able Global Bhd and its competitors. According to the industry distribution chart, Able Global Bhd ranks #1130 out of 1854 companies in the Consumer Packaged Goods industry, placing it in the top 60.9%.
Is Able Global Bhd's Beneish M-Score too high?
Able Global Bhd's current Beneish M-Score is -2.38. Based on the distribution chart, Able Global Bhd ranks #1130 out of 1854 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Able Global Bhd has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Able Global Bhd's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Able Global Bhd ranks #1130 out of 1854 companies for Beneish M-Score. This places Able Global 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Able Global Bhd and its competitors. Able Global Bhd's current Beneish M-Score is -2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Able Global Bhd stock overvalued right now?
Based on GuruFocus' analysis, Able Global Bhd (XKLS:7167) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.74, compared to a current price of RM1.55 — trading 10.9% below its estimated fair value. The current Beneish M-Score is -2.38. Able Global Bhd's overall GF Score™ is 91/100 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 Able Global Bhd (XKLS:7167), the current Beneish M-Score is -2.38 as of Aug. 02, 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 Able Global Bhd (XKLS:7167) Overvalued in 2026?
Based on GuruFocus' analysis, Able Global Bhd stock appears to be undervalued.
The current stock price of RM1.55 is trading 10.9% below its estimated GF Value™ of RM1.74.
GuruFocus considers Able Global Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:7167:
Beneish M-Score: -2.38
GF Value™: RM1.74 vs. price of RM1.55 (10.9% below fair value)
No single metric tells the full story. See the XKLS:7167 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Able Global Bhd is mainly engaged in investment holding and management services. The company operates in four main segments: Investment Holding, Tin Manufacturing, Property Development, and Food and Beverage. The Investment Holding segment provides investment holding and management services. The Tin Manufacturing segment is involved in the production of various tins, cans, and other containers. The Food and Beverage segment is responsible for manufacturing and selling milk and other dairy-related products. The Property Development segment is involved in property development activities. It derives the majority of its revenue from the Food and Beverage segment and has a presence in various countries, including Malaysia, Africa, Central America, Europe, and Other Countries.
91GF Score
Get the complete analysis for XKLS:7167
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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