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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.
Warning Sign:
Beneish M-Score 0.87 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Dufu Technology Bhd's Beneish M-Score or its related term are showing as below:
XKLS:7233'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.32 Med: -2.17 Max: 9.21
Current: 0.87
During the past 13 years, the highest Beneish M-Score of Dufu Technology Bhd was 9.21. The lowest was -3.32. And the median was -2.17.
Dufu Technology Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Dufu Technology 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.
XKLS:7233 vs CRS, ATI, MLI: Beneish M-Score Comparison
For the Metal Fabrication subindustry, Dufu Technology 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.
Dufu Technology Bhd Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Dufu Technology Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dufu Technology 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 Dufu Technology 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 * 1.0615
+
0.528 * 0.9094
+
0.404 * 9.1652
+
0.892 * 1.1424
+
0.115 * 0.6693
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.826
+
4.679 * -0.011313
-
0.327 * 1.0597
=
0.87
* 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))
=
(11.643 / (11.643 + 175.243))
/
(11.506 / (11.506 + 112.112))
=
0.0623
/
0.093077
=
0.6693
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
=
(39.832 - 0
-
45.178)
/
472.562
=
-0.011313
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.
Dufu Technology Bhd has a M-score of 0.87 signals that the company is likely to be a manipulator.
Dufu Technology Bhd (XKLS:7233) has a Beneish M-Score of 0.87 as of Aug. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dufu Technology Bhd and its competitors. According to the industry distribution chart, Dufu Technology Bhd ranks #2828 out of 2906 companies in the Industrial Products industry, placing it in the top 97.3%.
Is Dufu Technology Bhd's Beneish M-Score too high?
Dufu Technology Bhd's current Beneish M-Score is 0.87. Based on the distribution chart, Dufu Technology Bhd ranks #2828 out of 2906 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Dufu Technology Bhd has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dufu Technology Bhd's Beneish M-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Dufu Technology Bhd ranks #2828 out of 2906 companies for Beneish M-Score. This places Dufu Technology 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Dufu Technology Bhd and its competitors. Dufu Technology Bhd's current Beneish M-Score is 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dufu Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, Dufu Technology Bhd (XKLS:7233) is currently considered Significantly Overvalued. The stock's GF Value™ is RM2.19, compared to a current price of RM2.90 — trading 32.4% above its estimated fair value. The current Beneish M-Score is 0.87. Dufu Technology Bhd's overall GF Score™ is 71/100 with 7 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 Dufu Technology Bhd (XKLS:7233), the current Beneish M-Score is 0.87 as of Aug. 11, 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 Dufu Technology Bhd (XKLS:7233) Overvalued in 2026?
Based on GuruFocus' analysis, Dufu Technology Bhd stock appears to be overvalued.
The current stock price of RM2.90 is trading 32.4% above its estimated GF Value™ of RM2.19.
GuruFocus considers Dufu Technology Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:7233:
Beneish M-Score: 0.87
GF Value™: RM2.19 vs. price of RM2.90 (32.4% above fair value)
No single metric tells the full story. See the XKLS:7233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dufu Technology Corp Bhd is engaged in the manufacture and sale of industrial products and the trading of computer disk drives related components. It is involved in the design, development, manufacture, assembly, and trade of die components, and precision machining of vice, computer peripherals, and parts for hard disk drives. The Group's product portfolio consists of precision turning products, precision machining products, metal stamping, sheet metal fabrication, tool and die fabrication, and plastic components, among others. It serves the HDD, industrial safety, sensor, telecommunication, computer, and consumer electronics industries. Geographically, the Group generates the majority of its revenue from Thailand and the rest from Malaysia, China, Singapore, and other countries.
71GF Score
Get the complete analysis for XKLS:7233
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