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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.
Warning Sign:
Beneish M-Score 4545.51 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Antelope Enterprise Holdings's Beneish M-Score or its related term are showing as below:
AEHL'
s Beneish M-Score Range Over the Past 10 Years
Min: -39.45 Med: -3.17 Max: 4545.51
Current: 4545.51
During the past 13 years, the highest Beneish M-Score of Antelope Enterprise Holdings was 4545.51. The lowest was -39.45. And the median was -3.17.
* 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.
AEHL vs UUU, ILAG, STAI: Beneish M-Score Comparison
For the Building Products & Equipment subindustry, Antelope Enterprise Holdings'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.
Antelope Enterprise Holdings Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Antelope Enterprise Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Antelope Enterprise Holdings'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 Antelope Enterprise Holdings 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 * 1.47
+
0.528 * 0.938
+
0.404 * 11251.3492
+
0.892 * 1.6944
+
0.115 * 0.6268
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 2.027
+
4.679 * 0.37893
-
0.327 * 0.1684
=
4,545.51
* 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))
=
(0.038 / (0.038 + 0.214))
/
(0.051 / (0.051 + 0.161))
=
0.150794
/
0.240566
=
0.6268
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
=
(-2.025 - 0.012
-
-8.522)
/
17.114
=
0.37893
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.
Antelope Enterprise Holdings has a M-score of 4,545.51 signals that the company is likely to be a manipulator.
Antelope Enterprise Holdings (AEHL) has a Beneish M-Score of 4545.51 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Antelope Enterprise Holdings and its competitors. According to the industry distribution chart, Antelope Enterprise Holdings ranks #1705 out of 1707 companies in the Construction industry, placing it in the top 99.9%.
Is Antelope Enterprise Holdings' Beneish M-Score too high?
Antelope Enterprise Holdings' current Beneish M-Score is 4545.51. Based on the distribution chart, Antelope Enterprise Holdings ranks #1705 out of 1707 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Antelope Enterprise Holdings has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Antelope Enterprise Holdings' Beneish M-Score compare to UUU and ILAG?
According to the Construction industry distribution chart, Antelope Enterprise Holdings ranks #1705 out of 1707 companies for Beneish M-Score. This places Antelope Enterprise Holdings 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 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 Antelope Enterprise Holdings and its competitors. Antelope Enterprise Holdings's current Beneish M-Score is 4545.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Antelope Enterprise Holdings stock overvalued right now?
Based on GuruFocus' analysis, Antelope Enterprise Holdings (AEHL) is currently considered Possible Value Trap. The stock's GF Value™ is $11.72, compared to a current price of $5.00 — trading 57.3% below its estimated fair value. The current Beneish M-Score is 4545.51. Antelope Enterprise Holdings' overall GF Score™ is 40/100 with 6 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 Antelope Enterprise Holdings (AEHL), the current Beneish M-Score is 4545.51 as of Aug. 17, 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 Antelope Enterprise Holdings (AEHL) Overvalued in 2026?
Based on GuruFocus' analysis, Antelope Enterprise Holdings stock appears to be undervalued.
The current stock price of $5.00 is trading 57.3% below its estimated GF Value™ of $11.72.
GuruFocus considers Antelope Enterprise Holdings to be Possible Value Trap.
Key valuation signals for AEHL:
Beneish M-Score: 4545.51
GF Value™: $11.72 vs. price of $5.00 (57.3% below fair value)
No single metric tells the full story. See the AEHL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Antelope Enterprise Holdings Ltd operates in three reportable operating segments: Business Management Consulting, information system technology consulting services including the sales of software use rights for digital data deposit platforms and asset management systems, and online social media platform development and consulting; Natural Gas Power generation, which was in the initial development stage; and Live-Streaming e-commerce segment, providing a one-stop solution for customers to enable them to utilize the growing sales channel of livestreaming ecommerce. The business of the Company is engaged in the PRC and the United States.
40GF Score
Get the complete analysis for AEHL
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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