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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 -3.09 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Dialog Group Bhd's Beneish M-Score or its related term are showing as below:
XKLS:7277'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.17 Med: -2.55 Max: -1.78
Current: -3.09
During the past 13 years, the highest Beneish M-Score of Dialog Group Bhd was -1.78. The lowest was -3.17. And the median was -2.55.
Dialog Group Bhd Beneish M-Score Related Terms
Dialog Group Bhd Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Dialog Group 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:7277 vs SLB, BKR, HAL: Beneish M-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Dialog Group 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.
Dialog Group Bhd Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dialog Group Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dialog Group 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 Dialog Group 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 * 0.7218
+
0.528 * 1.4142
+
0.404 * 1.0322
+
0.892 * 0.7937
+
0.115 * 0.9762
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1105
+
4.679 * -0.082185
-
0.327 * 0.9757
=
-3.09
* 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))
=
(333.655 / (333.655 + 3506.925))
/
(329.343 / (329.343 + 3371.333))
=
0.086876
/
0.088995
=
0.9762
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
=
(303.825 - 0
-
1012.428)
/
8622.054
=
-0.082185
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.
Dialog Group Bhd has a M-score of -3.09 suggests that the company is unlikely to be a manipulator.
Dialog Group Bhd (XKLS:7277) has a Beneish M-Score of -3.09 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dialog Group Bhd and its competitors. According to the industry distribution chart, Dialog Group Bhd ranks #205 out of 823 companies in the Oil & Gas industry, placing it in the top 24.9%.
Is Dialog Group Bhd's Beneish M-Score too high?
Dialog Group Bhd's current Beneish M-Score is -3.09. Based on the distribution chart, Dialog Group Bhd ranks #205 out of 823 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Dialog Group Bhd has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dialog Group Bhd's Beneish M-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Dialog Group Bhd ranks #205 out of 823 companies for Beneish M-Score. This places Dialog Group Bhd in the top 25% 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 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 Dialog Group Bhd and its competitors. Dialog Group Bhd's current Beneish M-Score is -3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dialog Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Dialog Group Bhd (XKLS:7277) is currently considered Fairly Valued. The stock's GF Value™ is RM2.00, compared to a current price of RM1.89 — trading 5.5% below its estimated fair value. The current Beneish M-Score is -3.09. Dialog Group Bhd's overall GF Score™ is 78/100 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 Dialog Group Bhd (XKLS:7277), the current Beneish M-Score is -3.09 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 Dialog Group Bhd (XKLS:7277) Overvalued in 2026?
Based on GuruFocus' analysis, Dialog Group Bhd stock appears to be undervalued.
The current stock price of RM1.89 is trading 5.5% below its estimated GF Value™ of RM2.00.
GuruFocus considers Dialog Group Bhd to be Fairly Valued.
Key valuation signals for XKLS:7277:
Beneish M-Score: -3.09
GF Value™: RM2.00 vs. price of RM1.89 (5.5% below fair value)
No single metric tells the full story. See the XKLS:7277 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dialog Group Bhd is an investment holding company managing subsidiaries across the energy sector. Its activities include logistics assets and services in tank terminals, upstream assets and services, engineering, procurement, construction, commissioning and fabrication, specialist products, plant maintenance and catalyst handling, petrochemicals, sustainable and renewables business, and digital technology and solutions. It provides engineering, procurement, construction, and commissioning for energy projects, plant maintenance and catalyst handling for refineries, specialist products, fabrication of process equipment, digital technology to improve efficiency, and petrochemicals. The company operates mainly in Malaysia and other regions, generating the majority of revenue from Malaysia.
78GF Score
Get the complete analysis for XKLS:7277
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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