MyTech Group Bhd (XKLS:7692) Beneish M-Score: -3.23 (As of Jun. 25, 2026)


XKLS:7692 MyTech Group Bhd XKLS:7692
47 GF Score
Price RM0.26
GF Value RM0.48
Valuation Possible Value Trap
! 4 Warning Signs
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What is MyTech Group Bhd Beneish M-Score?

MyTech Group Bhd XKLS:7692 -10.53% 47 Beneish M-Score is -3.23 as of Jun. 25, 2026. GuruFocus rates XKLS:7692 with a GF Score™ of 47/100 and a GF Value™ of RM0.48 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,926 Industrial Products companies, MyTech Group Bhd ranks better than 92.38% 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 -3.23 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XKLS:7692' s Beneish M-Score Range Over the Past 10 Years
Min: -3.32   Med: -2.45   Max: 117.3
Current: -3.23

During the past 13 years, the highest Beneish M-Score of MyTech Group Bhd was 117.30. The lowest was -3.32. And the median was -2.45.

MyTech Group Bhd Beneish M-Score Historical Data

* Premium members only.

The historical data trend for MyTech 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.

MyTech Group Bhd Beneish M-Score Chart

MyTech Group Bhd Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 117.30 -2.40 3.01 -3.23

MyTech Group 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 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 3.01 0.00 0.00 0.00 -3.23

XKLS:7692 vs SNA, RBC, LECO: Beneish M-Score Comparison

For the Tools & Accessories subindustry, MyTech 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.

MyTech Group Bhd Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, MyTech Group Bhd's Beneish M-Score distribution charts can be found below:

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


XKLS:7692
47GF Score
MyTech Group Bhd XKLS:7692
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MyTech Group 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 MyTech 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 * 0.7637+0.528 * 0.9149+0.404 * 0.3147+0.892 * 1.0832+0.115 * 1.0595
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.218946-0.327 * -1.2299
=-3.23

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was RM5.74 Mil.
Revenue was RM15.33 Mil.
Gross Profit was RM9.31 Mil.
Total Current Assets was RM40.21 Mil.
Total Assets was RM54.43 Mil.
Property, Plant and Equipment(Net PPE) was RM7.60 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.67 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM-1.35 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 Mil.
Net Income was RM3.84 Mil.
Gross Profit was RM0.00 Mil.
Cash Flow from Operations was RM15.76 Mil.
 Total Receivables was RM6.93 Mil.
Revenue was RM14.15 Mil.
Gross Profit was RM7.87 Mil.
Total Current Assets was RM20.08 Mil.
Total Assets was RM46.11 Mil.
Property, Plant and Equipment(Net PPE) was RM8.20 Mil.
Depreciation, Depletion and Amortization(DDA) was RM0.77 Mil.
Selling, General, & Admin. Expense(SGA) was RM0.00 Mil.
Total Current Liabilities was RM0.93 Mil.
Long-Term Debt & Capital Lease Obligation was RM0.00 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)
=(5.735 / 15.33) / (6.933 / 14.153)
=0.374103 / 0.489861
=0.7637

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)
=(7.865 / 14.153) / (9.311 / 15.33)
=0.555713 / 0.607371
=0.9149

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 - (40.206 + 7.596) / 54.429) / (1 - (20.079 + 8.196) / 46.114)
=0.121755 / 0.386846
=0.3147

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
=15.33 / 14.153
=1.0832

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))
=(0.77 / (0.77 + 8.196)) / (0.67 / (0.67 + 7.596))
=0.08588 / 0.081055
=1.0595

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)
=(0 / 15.33) / (0 / 14.153)
=0 / 0
=1

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)
=((0 + -1.353) / 54.429) / ((0 + 0.932) / 46.114)
=-0.024858 / 0.020211
=-1.2299

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
=(3.839 - 0 - 15.756) / 54.429
=-0.218946

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.

MyTech Group Bhd has a M-score of -3.23 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 -3.23 mean?
MyTech Group Bhd (XKLS:7692) has a Beneish M-Score of -3.23 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MyTech Group Bhd and its competitors. According to the industry distribution chart, MyTech Group Bhd ranks #223 out of 2926 companies in the Industrial Products industry, placing it in the top 7.6%.
Is MyTech Group Bhd's Beneish M-Score too high?
MyTech Group Bhd's current Beneish M-Score is -3.23. Based on the distribution chart, MyTech Group Bhd ranks #223 out of 2926 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, MyTech Group Bhd has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MyTech Group Bhd's Beneish M-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, MyTech Group Bhd ranks #223 out of 2926 companies for Beneish M-Score. This places MyTech Group Bhd in the top 8% 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 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 MyTech Group Bhd and its competitors. MyTech Group Bhd's current Beneish M-Score is -3.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MyTech Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, MyTech Group Bhd (XKLS:7692) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.48, compared to a current price of RM0.26 — trading 46.9% below its estimated fair value. The current Beneish M-Score is -3.23. MyTech Group Bhd's overall GF Score™ is 47/100 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 MyTech Group Bhd (XKLS:7692), the current Beneish M-Score is -3.23 as of Jun. 25, 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 MyTech Group Bhd (XKLS:7692) Overvalued in 2026?

Based on GuruFocus' analysis, MyTech Group Bhd stock appears to be undervalued. The current stock price of RM0.26 is trading 46.9% below its estimated GF Value™ of RM0.48. GuruFocus considers MyTech Group Bhd to be Possible Value Trap.

Key valuation signals for XKLS:7692:

  • Beneish M-Score: -3.23
  • GF Value™: RM0.48 vs. price of RM0.26 (46.9% below fair value)
  • GF Score™: 47/100 with 4 warning signs

No single metric tells the full story. See the XKLS:7692 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MyTech Group Bhd Business Description

Address No. 2, Jalan Solaris, K-09-01, Block K, Solaris Mont Kiara, Kuala Lumpur, SGR, MYS, 50480
MyTech Group Bhd is principally engaged as an investment holding company through moneylending activity and insurance agency, provision of management services, and rental of properties. It has three operating segments: Manufacturing: involves the manufacturing of precision springs: Hotel involves hotel operations, Financing: involves provision of financing services; and Others which include investment holding, provision of management services, provision of financing services, and rental of properties. It generates maximum revenue from the Manufacturing segment. Geographically, it derives a majority of its revenue from Malaysia.
47GF Score

Get the complete analysis for XKLS:7692

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

RM0.26
Price
RM0.48
GF Value