Uzma Bhd (XKLS:7250) Beneish M-Score: -2.30 (As of Jun. 24, 2026)

What is Uzma Bhd Beneish M-Score?

Uzma Bhd XKLS:7250 57 Beneish M-Score is -2.30 as of Jun. 24, 2026. GuruFocus rates XKLS:7250 with a GF Score™ of 57/100 and a GF Value™ of RM0.77 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 822 Oil & Gas companies, Uzma Bhd ranks worse than 72.63% 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 -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7250' s Beneish M-Score Range Over the Past 10 Years
Min: -3.45 Med: -2.75 Max: -2.04
Current: -2.3

During the past 13 years, the highest Beneish M-Score of Uzma Bhd was -2.04. The lowest was -3.45. And the median was -2.75.

Uzma Bhd Beneish M-Score Related Terms

Uzma Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Uzma 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.

Uzma Bhd Beneish M-Score Chart

Uzma Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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-3.17

-2.43

-2.91

-2.89

-2.44

Uzma 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															-2.50	-2.44	-2.88	-2.87	-2.30

XKLS:7250 vs XOM, CVX: Beneish M-Score Comparison

For the Oil & Gas Integrated subindustry, Uzma 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.

Uzma Bhd Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Uzma Bhd's Beneish M-Score distribution charts can be found below:

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

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57GF Score

Uzma Bhd XKLS:7250

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

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Uzma 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 Uzma 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 * 0.9159

0.528 * 1.4684

0.404 * 0.8322

0.892 * 1.5729

0.115 * 0.9274

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.5877

4.679 * -0.105228

0.327 * 1.0062

-2.30

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was RM455 Mil.
Revenue was 419.49 + 289.692 + 205.261 + 212.884 = RM1,127 Mil.
Gross Profit was 60.197 + 67.572 + 67.987 + 81.884 = RM278 Mil.
Total Current Assets was RM651 Mil.
Total Assets was RM2,010 Mil.
Property, Plant and Equipment(Net PPE) was RM1,146 Mil.
Depreciation, Depletion and Amortization(DDA) was RM65 Mil.
Selling, General, & Admin. Expense(SGA) was RM117 Mil.
Total Current Liabilities was RM649 Mil.
Long-Term Debt & Capital Lease Obligation was RM587 Mil.
Net Income was 10.343 + 12.174 + 14.474 + 19.875 = RM57 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0 Mil.
Cash Flow from Operations was 62.766 + 92.832 + 48.441 + 64.297 = RM268 Mil.

Total Receivables was RM316 Mil.
Revenue was 168.693 + 135.595 + 207.889 + 204.54 = RM717 Mil.
Gross Profit was 70.45 + 63.738 + 50.588 + 74.423 = RM259 Mil.
Total Current Assets was RM488 Mil.
Total Assets was RM1,781 Mil.
Property, Plant and Equipment(Net PPE) was RM1,067 Mil.
Depreciation, Depletion and Amortization(DDA) was RM56 Mil.
Selling, General, & Admin. Expense(SGA) was RM127 Mil.
Total Current Liabilities was RM534 Mil.
Long-Term Debt & Capital Lease Obligation was RM555 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)
	=	(455.472 / 1127.327)	/	(316.161 / 716.717)
	=	0.404028	/	0.441124
	=	0.9159

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)
	=	(259.199 / 716.717)	/	(277.64 / 1127.327)
	=	0.361648	/	0.246282
	=	1.4684

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 - (650.546 + 1146.428) / 2009.638)	/	(1 - (487.654 + 1066.734) / 1780.838)
	=	0.105822	/	0.127159
	=	0.8322

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
	=	1127.327	/	716.717
	=	1.5729

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))
	=	(55.522 / (55.522 + 1066.734))	/	(64.605 / (64.605 + 1146.428))
	=	0.049474	/	0.053347
	=	0.9274

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)
	=	(117.389 / 1127.327)	/	(126.992 / 716.717)
	=	0.10413	/	0.177186
	=	0.5877

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)
	=	((587.057 + 648.959) / 2009.638)	/	((554.862 + 533.722) / 1780.838)
	=	0.615044	/	0.611276
	=	1.0062

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
	=	(56.866 - 0	-	268.336)	/	2009.638
	=	-0.105228

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.

Uzma Bhd has a M-score of -2.30 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 -2.30 mean?

Uzma Bhd (XKLS:7250) has a Beneish M-Score of -2.30 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Uzma Bhd and its competitors. According to the industry distribution chart, Uzma Bhd ranks #597 out of 822 companies in the Oil & Gas industry, placing it in the top 72.6%.

Is Uzma Bhd's Beneish M-Score too high?

Uzma Bhd's current Beneish M-Score is -2.30. Based on the distribution chart, Uzma Bhd ranks #597 out of 822 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Uzma Bhd has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Uzma Bhd's Beneish M-Score compare to XOM and CVX?

According to the Oil & Gas industry distribution chart, Uzma Bhd ranks #597 out of 822 companies for Beneish M-Score. This places Uzma 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 Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Uzma Bhd and its competitors. Uzma Bhd's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Uzma Bhd stock overvalued right now?

Based on GuruFocus' analysis, Uzma Bhd (XKLS:7250) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.77, compared to a current price of RM0.39 — trading 50% below its estimated fair value. The current Beneish M-Score is -2.30. Uzma Bhd's overall GF Score™ is 57/100 with 4 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 Uzma Bhd (XKLS:7250), the current Beneish M-Score is -2.30 as of Jun. 24, 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 Uzma Bhd (XKLS:7250) Overvalued in 2026?

Based on GuruFocus' analysis, Uzma Bhd stock appears to be undervalued. The current stock price of RM0.39 is trading 50% below its estimated GF Value™ of RM0.77. GuruFocus considers Uzma Bhd to be Possible Value Trap.

Key valuation signals for XKLS:7250:

Beneish M-Score: -2.30
GF Value™: RM0.77 vs. price of RM0.39 (50% below fair value)
GF Score™: 57/100 with 4 warning signs

No single metric tells the full story. See the XKLS:7250 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Uzma Bhd Business Description

Industry Energy Oil & Gas

Comparable Companies XKLS:5078 XKLS:7228 XKLS:5133 XKLS:0383 XKLS:5115 XKLS:0219 XKLS:5257 XKLS:0320 XKLS:0220 XKLS:7108 SAU:2222 XOM CVX SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386

Address No. 2, Jalan PJU 8/8A, Uzma Tower, Damansara Perdana, Petaling Jaya, SGR, MYS, 47820

Website https://www.uzmagroup.com

Uzma Bhd is an investment holding company. Through its subsidiaries, it provides integrated solutions to the oil and gas industry. The company's reportable segments include O&G upstream services; Trading and other O&G services, and Others. Maximum revenue is derived from its O&G upstream services segment which provides geoscience and reservoir engineering, drilling, project and operation services, and other specialized services within the oil and gas industry. Trading and other O&G services segment is engaged in manufacturing, marketing, distribution, and supply of oilfield chemicals, petrochemical and chemical products, equipment, and services. The Others segment represents its new energy, digitalisation and tech, and investment holding business. It derives key revenue from Malaysia.

57GF Score

Get the complete analysis for XKLS:7250

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

RM0.39

Price

RM0.77

GF Value

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