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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 -2.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Crest Builder Holdings Bhd's Beneish M-Score or its related term are showing as below:
XKLS:8591'
s Beneish M-Score Range Over the Past 10 Years
Min: -6.26 Med: -2.63 Max: 0.29
Current: -2.59
During the past 13 years, the highest Beneish M-Score of Crest Builder Holdings Bhd was 0.29. The lowest was -6.26. And the median was -2.63.
Crest Builder Holdings Bhd Beneish M-Score Related Terms
Crest Builder Holdings Bhd Beneish M-Score Historical Data
* 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:8591 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Crest Builder 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.
Crest Builder Holdings Bhd Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Crest Builder Holdings Bhd's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Crest Builder Holdings Bhd's Beneish M-Score falls into.
Crest Builder 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 Crest Builder 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 * 0.8617
+
0.528 * 1.1002
+
0.404 * 0.94
+
0.892 * 1.2679
+
0.115 * 0.9895
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8316
+
4.679 * -0.061371
-
0.327 * 0.9826
=
-2.59
* 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))
=
(13.956 / (13.956 + 48.972))
/
(15.217 / (15.217 + 52.674))
=
0.221777
/
0.224139
=
0.9895
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
=
(14.533 - 0
-
99.476)
/
1384.092
=
-0.061371
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.
Crest Builder Holdings Bhd has a M-score of -2.59 suggests that the company is unlikely to be a manipulator.
Crest Builder Holdings Bhd (XKLS:8591) has a Beneish M-Score of -2.59 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Crest Builder Holdings Bhd and its competitors. According to the industry distribution chart, Crest Builder Holdings Bhd ranks #709 out of 1697 companies in the Construction industry, placing it in the top 41.8%.
Is Crest Builder Holdings Bhd's Beneish M-Score too high?
Crest Builder Holdings Bhd's current Beneish M-Score is -2.59. Based on the distribution chart, Crest Builder Holdings Bhd ranks #709 out of 1697 companies in the Construction industry, which is above the industry midpoint. Overall, Crest Builder Holdings Bhd has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Crest Builder Holdings Bhd's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Crest Builder Holdings Bhd ranks #709 out of 1697 companies for Beneish M-Score. This puts Crest Builder 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 a Construction company?
A good Beneish M-Score depends on the Construction 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 Crest Builder Holdings Bhd and its competitors. Crest Builder Holdings Bhd's current Beneish M-Score is -2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crest Builder Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Crest Builder Holdings Bhd (XKLS:8591) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.69, compared to a current price of RM0.45 — trading 34.8% below its estimated fair value. The current Beneish M-Score is -2.59. Crest Builder Holdings Bhd's overall GF Score™ is 50/100 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 Crest Builder Holdings Bhd (XKLS:8591), the current Beneish M-Score is -2.59 as of Jul. 29, 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 Crest Builder Holdings Bhd (XKLS:8591) Overvalued in 2026?
Based on GuruFocus' analysis, Crest Builder Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.45 is trading 34.8% below its estimated GF Value™ of RM0.69.
GuruFocus considers Crest Builder Holdings Bhd to be Possible Value Trap.
Key valuation signals for XKLS:8591:
Beneish M-Score: -2.59
GF Value™: RM0.69 vs. price of RM0.45 (34.8% below fair value)
No single metric tells the full story. See the XKLS:8591 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Crest Builder Holdings Bhd, through its subsidiaries, is engaged in the following business activities: property investment and development, mechanical and electrical engineering services, investment holding, and construction and concession holding. The Group's operating business segments are: Construction, Concession arrangement, Investment holding, and Property development. The majority of its revenue is generated from the Construction segment, which provides general construction, mechanical, and electrical engineering services. Its construction projects include various infrastructure, such as roads, bridges, and other infrastructure, as well as schools, hospitals, commercial and residential buildings, etc. Geographically, the Group principally operates within Malaysia.
50GF Score
Get the complete analysis for XKLS:8591
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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