Autohome (BSP:A1TH34) Beneish M-Score: -1.93 (As of Jun. 27, 2026)


BSP:A1TH34 Autohome Inc BSP:A1TH34
72 GF Score
Price R$9.64
GF Value R$12.25
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Autohome Beneish M-Score?

Autohome BSP:A1TH34 -1.43% 72 Beneish M-Score is -1.93 as of Jun. 27, 2026. GuruFocus rates BSP:A1TH34 with a GF Score™ of 72/100 and a GF Value™ of R$12.25 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 532 Interactive Media companies, Autohome ranks worse than 80.83% 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 -1.93 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Autohome's Beneish M-Score or its related term are showing as below:

BSP:A1TH34' s Beneish M-Score Range Over the Past 10 Years
Min: -3   Med: -1.8   Max: -1.24
Current: -1.93

During the past 13 years, the highest Beneish M-Score of Autohome was -1.24. The lowest was -3.00. And the median was -1.80.


Autohome Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Autohome'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.

Autohome Beneish M-Score Chart

Autohome Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.00 -2.73 -2.84 -2.42 -1.93

Autohome Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -1.93 0.00

BSP:A1TH34 vs RUM, WB, OPRA: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Autohome'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.


Autohome Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Autohome's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Autohome's Beneish M-Score falls into.


BSP:A1TH34
72GF Score
Autohome Inc BSP:A1TH34
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Autohome 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 Autohome 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 * 1.1897+0.528 * 1.0909+0.404 * 1.5421+0.892 * 0.8472+0.115 * 0.9655
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9398+4.679 * 0.020579-0.327 * 0.8297
=-2.02

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was R$1,240 Mil.
Revenue was R$4,998 Mil.
Gross Profit was R$3,616 Mil.
Total Current Assets was R$16,412 Mil.
Total Assets was R$21,928 Mil.
Property, Plant and Equipment(Net PPE) was R$196 Mil.
Depreciation, Depletion and Amortization(DDA) was R$212 Mil.
Selling, General, & Admin. Expense(SGA) was R$2,327 Mil.
Total Current Liabilities was R$2,737 Mil.
Long-Term Debt & Capital Lease Obligation was R$2 Mil.
Net Income was R$1,220 Mil.
Gross Profit was R$80 Mil.
Cash Flow from Operations was R$689 Mil.
Total Receivables was R$1,230 Mil.
Revenue was R$5,899 Mil.
Gross Profit was R$4,656 Mil.
Total Current Assets was R$21,087 Mil.
Total Assets was R$25,325 Mil.
Property, Plant and Equipment(Net PPE) was R$254 Mil.
Depreciation, Depletion and Amortization(DDA) was R$255 Mil.
Selling, General, & Admin. Expense(SGA) was R$2,923 Mil.
Total Current Liabilities was R$3,796 Mil.
Long-Term Debt & Capital Lease Obligation was R$17 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(1240.043 / 4997.777) / (1230.24 / 5898.955)
=0.248119 / 0.208552
=1.1897

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(4656.063 / 5898.955) / (3616.012 / 4997.777)
=0.789303 / 0.723524
=1.0909

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (16411.74 + 196.154) / 21927.933) / (1 - (21086.524 + 253.879) / 25324.781)
=0.242615 / 0.157331
=1.5421

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=4997.777 / 5898.955
=0.8472

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(255.168 / (255.168 + 253.879)) / (211.794 / (211.794 + 196.154))
=0.501266 / 0.519169
=0.9655

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(2326.924 / 4997.777) / (2922.571 / 5898.955)
=0.465592 / 0.495439
=0.9398

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((2.276 + 2737.096) / 21927.933) / ((17.216 + 3795.826) / 25324.781)
=0.124926 / 0.150566
=0.8297

8. TATA = Total Accruals to Total Assets

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
=(1219.844 - 79.606 - 688.982) / 21927.933
=0.020579

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.

Autohome has a M-score of -2.02 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.93 mean?
Autohome (BSP:A1TH34) has a Beneish M-Score of -1.93 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Autohome and its competitors. According to the industry distribution chart, Autohome ranks #430 out of 532 companies in the Interactive Media industry, placing it in the top 80.8%.
Is Autohome's Beneish M-Score too high?
Autohome's current Beneish M-Score is -1.93. Based on the distribution chart, Autohome ranks #430 out of 532 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Autohome has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Autohome's Beneish M-Score compare to RUM and WB?
According to the Interactive Media industry distribution chart, Autohome ranks #430 out of 532 companies for Beneish M-Score. This places Autohome 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Autohome and its competitors. Autohome's current Beneish M-Score is -1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Autohome stock overvalued right now?
Based on GuruFocus' analysis, Autohome (BSP:A1TH34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$12.25, compared to a current price of R$9.64 — trading 21.3% below its estimated fair value. The current Beneish M-Score is -1.93. Autohome's overall GF Score™ is 72/100 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 Autohome (BSP:A1TH34), the current Beneish M-Score is -1.93 as of Jun. 27, 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 Autohome (BSP:A1TH34) Overvalued in 2026?

Based on GuruFocus' analysis, Autohome stock appears to be undervalued. The current stock price of R$9.64 is trading 21.3% below its estimated GF Value™ of R$12.25. GuruFocus considers Autohome to be Modestly Undervalued.

Key valuation signals for BSP:A1TH34:

  • Beneish M-Score: -1.93
  • GF Value™: R$12.25 vs. price of R$9.64 (21.3% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the BSP:A1TH34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Autohome Business Description

Address 3 Dan Ling Street, 18th Floor, Tower B, CEC Plaza, Haidian District, Beijing, CHN, 100080
Founded in 2008 as a media content platform, Autohome is the leading online automobile platform in China, ranking first among automotive service platforms in terms of mobile daily active users, according to QuestMobile. Through its two websites, autohome.com.cn and che168.com, Autohome delivers comprehensive, independent, and interactive content and tools to automobile consumers as well as a full suite of services to automakers and dealers. According to iResearch, the company was the largest online automotive advertising and lead-generation service provider in China's online auto platform media advertising market, in terms of media services and lead-generation revenue.
72GF Score

Get the complete analysis for BSP:A1TH34

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$9.64
Price
R$12.25
GF Value