Yinson Holdings Bhd (XKLS:7293) Beneish M-Score: -2.85 (As of Aug. 10, 2026)

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XKLS:7293 Yinson Holdings Bhd XKLS:7293
66 GF Score
Price RM1.97
GF Value RM1.41
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Yinson Holdings Bhd Beneish M-Score?

Yinson Holdings Bhd XKLS:7293 +1.03% 66 Beneish M-Score is -2.85 as of Aug. 10, 2026. GuruFocus rates XKLS:7293 with a GF Score™ of 66/100 and a GF Value™ of RM1.41 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 831 Oil & Gas companies, Yinson Holdings Bhd ranks better than 64.5% 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 -2.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7293' s Beneish M-Score Range Over the Past 10 Years
Min: -2.85   Med: -1.82   Max: 3.56
Current: -2.85

During the past 13 years, the highest Beneish M-Score of Yinson Holdings Bhd was 3.56. The lowest was -2.85. And the median was -1.82.


Yinson Holdings Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Yinson Holdings 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.

Yinson Holdings Bhd Beneish M-Score Chart

Yinson Holdings Bhd Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.06 -1.22 -1.54 -1.71 -2.49

Yinson Holdings Bhd Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.90 -2.55 -2.33 -2.49 -2.85

XKLS:7293 vs SLB, BKR, FTI: Beneish M-Score Comparison

For the Oil & Gas Equipment & Services subindustry, Yinson Holdings 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.


Yinson Holdings Bhd Beneish M-Score vs Oil & Gas Industry

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

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


XKLS:7293
66GF Score
Yinson Holdings Bhd XKLS:7293
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Yinson Holdings 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 Yinson Holdings 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 * 1.0659+0.528 * 0.6186+0.404 * 0.914+0.892 * 0.7943+0.115 * 0.8808
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3589+4.679 * 0.010314-0.327 * 0.9567
=-2.85

* 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.

This Year (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was RM1,115 Mil.
Revenue was 1049 + 1124 + 1722 + 1364 = RM5,259 Mil.
Gross Profit was 664 + 730 + 1068 + 780 = RM3,242 Mil.
Total Current Assets was RM7,915 Mil.
Total Assets was RM28,893 Mil.
Property, Plant and Equipment(Net PPE) was RM3,513 Mil.
Depreciation, Depletion and Amortization(DDA) was RM372 Mil.
Selling, General, & Admin. Expense(SGA) was RM830 Mil.
Total Current Liabilities was RM3,807 Mil.
Long-Term Debt & Capital Lease Obligation was RM15,464 Mil.
Net Income was 120 + 228 + 239 + 101 = RM688 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = RM0 Mil.
Cash Flow from Operations was 689 + 794 + -1022 + -71 = RM390 Mil.
Total Receivables was RM1,317 Mil.
Revenue was 1230 + 1396 + 1853 + 2142 = RM6,621 Mil.
Gross Profit was 632 + 322 + 686 + 885 = RM2,525 Mil.
Total Current Assets was RM4,407 Mil.
Total Assets was RM25,808 Mil.
Property, Plant and Equipment(Net PPE) was RM4,332 Mil.
Depreciation, Depletion and Amortization(DDA) was RM399 Mil.
Selling, General, & Admin. Expense(SGA) was RM769 Mil.
Total Current Liabilities was RM2,995 Mil.
Long-Term Debt & Capital Lease Obligation was RM14,998 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)
=(1115 / 5259) / (1317 / 6621)
=0.212017 / 0.198913
=1.0659

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)
=(2525 / 6621) / (3242 / 5259)
=0.381362 / 0.616467
=0.6186

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 - (7915 + 3513) / 28893) / (1 - (4407 + 4332) / 25808)
=0.604472 / 0.661384
=0.914

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
=5259 / 6621
=0.7943

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))
=(399 / (399 + 4332)) / (372 / (372 + 3513))
=0.084337 / 0.095753
=0.8808

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)
=(830 / 5259) / (769 / 6621)
=0.157825 / 0.116146
=1.3589

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)
=((15464 + 3807) / 28893) / ((14998 + 2995) / 25808)
=0.666978 / 0.697187
=0.9567

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
=(688 - 0 - 390) / 28893
=0.010314

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.

Yinson Holdings Bhd has a M-score of -2.85 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 -2.85 mean?
Yinson Holdings Bhd (XKLS:7293) has a Beneish M-Score of -2.85 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yinson Holdings Bhd and its competitors. According to the industry distribution chart, Yinson Holdings Bhd ranks #295 out of 831 companies in the Oil & Gas industry, placing it in the top 35.5%.
Is Yinson Holdings Bhd's Beneish M-Score too high?
Yinson Holdings Bhd's current Beneish M-Score is -2.85. Based on the distribution chart, Yinson Holdings Bhd ranks #295 out of 831 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Yinson Holdings Bhd has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Yinson Holdings Bhd's Beneish M-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Yinson Holdings Bhd ranks #295 out of 831 companies for Beneish M-Score. This puts Yinson Holdings Bhd in the upper 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 Yinson Holdings Bhd and its competitors. Yinson Holdings Bhd's current Beneish M-Score is -2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yinson Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Yinson Holdings Bhd (XKLS:7293) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.41, compared to a current price of RM1.97 — trading 39.7% above its estimated fair value. The current Beneish M-Score is -2.85. Yinson Holdings Bhd's overall GF Score™ is 66/100 with 8 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 Yinson Holdings Bhd (XKLS:7293), the current Beneish M-Score is -2.85 as of Aug. 10, 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 Yinson Holdings Bhd (XKLS:7293) Overvalued in 2026?

Based on GuruFocus' analysis, Yinson Holdings Bhd stock appears to be overvalued. The current stock price of RM1.97 is trading 39.7% above its estimated GF Value™ of RM1.41. GuruFocus considers Yinson Holdings Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:7293:

  • Beneish M-Score: -2.85
  • GF Value™: RM1.41 vs. price of RM1.97 (39.7% above fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the XKLS:7293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Yinson Holdings Bhd Business Description

Industry EnergyOil & Gas
Address Mid Valley City, Medan Syed Putra Selatan, Level 16, Menara South Point, Kuala Lumpur, SGR, MYS, 59200
Yinson Holdings Bhd operates in various segments which include Offshore Production consists of Engineering, Procurement, Construction, Installation and Commissioning business activities, FPSO and tanker operations covering leasing of vessels and marine related services; Other Operations segment comprises investment holding, management services, treasury services and advisory, investment, asset management and insurance-related services; Renewables segment owns and operates renewable energy generation assets; and Green Technologies segment invests in strategic green technology companies and development of assets within the marine, mobility and energy segments (including marine transport, urban mobility, micromobility and charging infrastructure). It operates in Malaysia and other countries.
66GF Score

Get the complete analysis for XKLS:7293

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

RM1.97
Price
RM1.41
GF Value