TSR Living Solution PCLBKK:TSR Beneish M-Score is -3.54 as of Jun. 30, 2026. The stock has 3 warning signs investors should review. Among 2,408 Hardware companies, TSR Living Solution PCL ranks better than 92.86% 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 -3.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for TSR Living Solution PCL's Beneish M-Score or its related term are showing as below:
BKK:TSR'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.61 Med: -2.35 Max: -0.38
Current: -3.54
During the past 13 years, the highest Beneish M-Score of TSR Living Solution PCL was -0.38. The lowest was -4.61. And the median was -2.35.
TSR Living Solution PCL Beneish M-Score Related Terms
TSR Living Solution PCL 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.
For the Consumer Electronics subindustry, TSR Living Solution 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.
TSR Living Solution PCL Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, TSR Living Solution PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where TSR Living Solution PCL's Beneish M-Score falls into.
TSR Living Solution PCL 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 TSR Living Solution 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 * 0.9357
+
0.528 * 1.0279
+
0.404 * 1.0116
+
0.892 * 0.7971
+
0.115 * 1.6486
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9984
+
4.679 * -0.184008
-
0.327 * 1.1583
=
-3.54
* 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))
=
(91.637 / (91.637 + 836.466))
/
(52.821 / (52.821 + 829.129))
=
0.098736
/
0.059891
=
1.6486
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
=
(-280.652 - 8.176
-
30.585)
/
1735.861
=
-0.184008
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.
TSR Living Solution PCL has a M-score of -3.54 suggests that the company is unlikely to be a manipulator.
TSR Living Solution PCL (BKK:TSR) has a Beneish M-Score of -3.54 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TSR Living Solution PCL and its competitors. According to the industry distribution chart, TSR Living Solution PCL ranks #172 out of 2408 companies in the Hardware industry, placing it in the top 7.1%.
Is TSR Living Solution PCL's Beneish M-Score too high?
TSR Living Solution PCL's current Beneish M-Score is -3.54. Based on the distribution chart, TSR Living Solution PCL ranks #172 out of 2408 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers.
How does TSR Living Solution PCL's Beneish M-Score compare to AAPL?
According to the Hardware industry distribution chart, TSR Living Solution PCL ranks #172 out of 2408 companies for Beneish M-Score. This places TSR Living Solution PCL in the top 7% 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 TSR Living Solution PCL and its competitors. TSR Living Solution PCL's current Beneish M-Score is -3.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSR Living Solution PCL stock overvalued right now?
Based on GuruFocus' analysis, TSR Living Solution PCL (BKK:TSR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.19, compared to a current price of ฿0.04 — trading 78.9% below its estimated fair value. The current Beneish M-Score is -3.54. 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 TSR Living Solution PCL (BKK:TSR), the current Beneish M-Score is -3.54 as of Jun. 30, 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.
TSR Living Solution PCL produces and distributes water purifiers. Its business solutions include Water Solution, Smart Home IOT, and Ponsabuy. The company has five operating segments: Direct sales and dealer, Digital online and tele-marketing, Modern trade and chain dealers, Corporate, Automatic vending machine, and Others. Majority of revenue is from Direct sales and dealer.
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