Salee Printing PCLBKK:SLP 57 Beneish M-Score is -2.79 as of Jul. 04, 2026. GuruFocus rates BKK:SLP with a GF Score™ of 57/100 and a GF Value™ of ฿0.46 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,021 Business Services companies, Salee Printing PCL ranks better than 68.66% 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 -2.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Salee Printing PCL's Beneish M-Score or its related term are showing as below:
BKK:SLP'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.56 Med: -2.73 Max: 0.13
Current: -2.79
During the past 12 years, the highest Beneish M-Score of Salee Printing PCL was 0.13. The lowest was -3.56. And the median was -2.73.
Salee Printing PCL Beneish M-Score Related Terms
Salee Printing PCL Beneish M-Score Historical Data
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The historical data trend for Salee Printing 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:SLP vs CTAS, CPRT, ULS: Beneish M-Score Comparison
For the Specialty Business Services subindustry, Salee Printing 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.
Salee Printing PCL Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Salee Printing PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Salee Printing 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 Salee Printing 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 * 0.9406
+
0.528 * 0.933
+
0.404 * 0.8629
+
0.892 * 1.0793
+
0.115 * 0.8278
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0729
+
4.679 * -0.059255
-
0.327 * 0.7752
=
-2.79
* 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))
=
(55.62 / (55.62 + 355.036))
/
(62.184 / (62.184 + 317.884))
=
0.135442
/
0.163613
=
0.8278
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
=
(39.922 - 8.12
-
92.851)
/
1030.282
=
-0.059255
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.
Salee Printing PCL has a M-score of -2.79 suggests that the company is unlikely to be a manipulator.
Salee Printing PCL (BKK:SLP) has a Beneish M-Score of -2.79 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Salee Printing PCL and its competitors. According to the industry distribution chart, Salee Printing PCL ranks #320 out of 1021 companies in the Business Services industry, placing it in the top 31.3%.
Is Salee Printing PCL's Beneish M-Score too high?
Salee Printing PCL's current Beneish M-Score is -2.79. Based on the distribution chart, Salee Printing PCL ranks #320 out of 1021 companies in the Business Services industry, which is above the industry midpoint. Overall, Salee Printing PCL has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Salee Printing PCL's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Salee Printing PCL ranks #320 out of 1021 companies for Beneish M-Score. This puts Salee Printing PCL 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 Business Services company?
A good Beneish M-Score depends on the Business 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 Salee Printing PCL and its competitors. Salee Printing PCL's current Beneish M-Score is -2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Salee Printing PCL stock overvalued right now?
Based on GuruFocus' analysis, Salee Printing PCL (BKK:SLP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.46, compared to a current price of ฿0.53 — trading 15.2% above its estimated fair value. The current Beneish M-Score is -2.79. Salee Printing PCL's overall GF Score™ is 57/100 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 Salee Printing PCL (BKK:SLP), the current Beneish M-Score is -2.79 as of Jul. 04, 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 Salee Printing PCL (BKK:SLP) Overvalued in 2026?
Based on GuruFocus' analysis, Salee Printing PCL stock appears to be overvalued.
The current stock price of ฿0.53 is trading 15.2% above its estimated GF Value™ of ฿0.46.
GuruFocus considers Salee Printing PCL to be Modestly Overvalued.
Key valuation signals for BKK:SLP:
Beneish M-Score: -2.79
GF Value™: ฿0.46 vs. price of ฿0.53 (15.2% above fair value)
No single metric tells the full story. See the BKK:SLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Salee Printing PCL is engaged in label printing for products. The company provides packaging solutions for Home & Personal Care, Health Care, Food, Beverages and Specialty labels. It operates in single segment of label printing in Thailand and also has operations in Myanmar.
57GF Score
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