Singer Thailand PCLBKK:SINGER-W2-R 67 Beneish M-Score is -2.70 as of Jun. 26, 2026. GuruFocus rates BKK:SINGER-W2-R with a GF Score™ of 67/100. The stock has 5 warning signs investors should review. Among 483 Credit Services companies, Singer Thailand PCL ranks better than 78.47% 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 -2.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Singer Thailand PCL's Beneish M-Score or its related term are showing as below:
BKK:SINGER-W2-R'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.7 Med: -1.68 Max: -0.43
Current: -2.7
During the past 13 years, the highest Beneish M-Score of Singer Thailand PCL was -0.43. The lowest was -3.70. And the median was -1.68.
Singer Thailand PCL Beneish M-Score Related Terms
Singer Thailand PCL Beneish M-Score Historical Data
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The historical data trend for Singer Thailand PCL'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.
BKK:SINGER-W2-R vs V, MA, AXP: Beneish M-Score Comparison
For the Credit Services subindustry, Singer Thailand PCL'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.
Singer Thailand PCL Beneish M-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Singer Thailand PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Singer Thailand PCL'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 Singer Thailand PCL 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 * 0.9405
+
0.528 * 1.0251
+
0.404 * 0.6874
+
0.892 * 1.4483
+
0.115 * 1.1491
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.677
+
4.679 * 0.004917
-
0.327 * 2.6861
=
-2.70
* 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))
=
(123.574 / (123.574 + 681.072))
/
(107.743 / (107.743 + 698.416))
=
0.153576
/
0.13365
=
1.1491
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
=
(275.03 - 14.968
-
177.485)
/
16792.969
=
0.004917
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.
Singer Thailand PCL has a M-score of -2.70 suggests that the company is unlikely to be a manipulator.
Singer Thailand PCL (BKK:SINGER-W2-R) has a Beneish M-Score of -2.70 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Singer Thailand PCL and its competitors. According to the industry distribution chart, Singer Thailand PCL ranks #104 out of 483 companies in the Credit Services industry, placing it in the top 21.5%.
Is Singer Thailand PCL's Beneish M-Score too high?
Singer Thailand PCL's current Beneish M-Score is -2.70. Based on the distribution chart, Singer Thailand PCL ranks #104 out of 483 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Singer Thailand PCL has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Singer Thailand PCL's Beneish M-Score compare to V and MA?
According to the Credit Services industry distribution chart, Singer Thailand PCL ranks #104 out of 483 companies for Beneish M-Score. This places Singer Thailand PCL in the top 22% 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 a Credit Services company?
A good Beneish M-Score depends on the Credit Services 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 Singer Thailand PCL and its competitors. Singer Thailand PCL's current Beneish M-Score is -2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singer Thailand PCL stock overvalued right now?
Singer Thailand PCL (BKK:SINGER-W2-R) has a current Beneish M-Score of -2.70. The current Beneish M-Score is -2.70. Singer Thailand PCL's overall GF Score™ is 67/100 with 5 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 Singer Thailand PCL (BKK:SINGER-W2-R), the current Beneish M-Score is -2.70 as of Jun. 26, 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.
Singer Thailand PCL activities include trade sales and hire-purchase of electronic appliances, commercial products, mobile phones, hire-purchase of vehicles, loan receivables with vehicle collateral, repair and maintenance services of electronic appliances, and providing life and non-life insurance brokerage. The Company distributes products under the Singer brand, including sewing machines and home electrical appliances, and also distributes commercial appliances, vending machines, and mobile telephone products and accessories. The Company operates through three segments: Trade sales, Hire purchase and loans, which generate maximum revenue; and Service and others. The Group is managed and operates principally in Thailand.
67GF Score
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