Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -3.4 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Boton Group Co's Beneish M-Score or its related term are showing as below:
CHBGF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.4 Med: -2.43 Max: -1.63
Current: -3.4
During the past 13 years, the highest Beneish M-Score of China Boton Group Co was -1.63. The lowest was -3.40. And the median was -2.43.
China Boton Group Co Beneish M-Score Related Terms
China Boton Group Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for China Boton Group Co'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.
CHBGF vs LIN, SHW, ECL: Beneish M-Score Comparison
For the Specialty Chemicals subindustry, China Boton Group Co'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.
China Boton Group Co Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, China Boton Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Boton Group Co'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 China Boton Group Co 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 * 1.0587
+
0.528 * 1.4346
+
0.404 * 0.5413
+
0.892 * 0.9353
+
0.115 * 0.9815
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2559
+
4.679 * -0.164818
-
0.327 * 1.4398
=
-3.40
* 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))
=
(16.591 / (16.591 + 275.899))
/
(20.253 / (20.253 + 330.199))
=
0.056723
/
0.057791
=
0.9815
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
=
(-146.504 - 0
-
12.597)
/
965.314
=
-0.164818
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.
China Boton Group Co has a M-score of -3.40 suggests that the company is unlikely to be a manipulator.
China Boton Group Co (CHBGF) has a Beneish M-Score of -3.40 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Boton Group Co and its competitors. According to the industry distribution chart, China Boton Group Co ranks #100 out of 1526 companies in the Chemicals industry, placing it in the top 6.6%.
Is China Boton Group Co's Beneish M-Score too high?
China Boton Group Co's current Beneish M-Score is -3.40. Based on the distribution chart, China Boton Group Co ranks #100 out of 1526 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, China Boton Group Co has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does China Boton Group Co's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, China Boton Group Co ranks #100 out of 1526 companies for Beneish M-Score. This places China Boton Group Co 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 China Boton Group Co and its competitors. China Boton Group Co's current Beneish M-Score is -3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Boton Group Co stock overvalued right now?
China Boton Group Co (CHBGF) has a current Beneish M-Score of -3.40. The stock's GF Value™ is $0.16, compared to a current price of $0.30 — trading 87.5% above its estimated fair value. The current Beneish M-Score is -3.40. China Boton Group Co's overall GF Score™ is 52/100 with 10 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 China Boton Group Co (CHBGF), the current Beneish M-Score is -3.40 as of Jul. 29, 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 China Boton Group Co (CHBGF) Overvalued in 2026?
Based on GuruFocus' analysis, China Boton Group Co stock appears to be overvalued.
The current stock price of $0.30 is trading 87.5% above its estimated GF Value™ of $0.16.
Key valuation signals for CHBGF:
Beneish M-Score: -3.40
GF Value™: $0.16 vs. price of $0.30 (87.5% above fair value)
No single metric tells the full story. See the CHBGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Boton Group Co Ltd is an investment holding company engaged in the manufacture and sale of flavors, fragrances, and healthcare products. The company operates its business through five business segments. The Flavor Enhancers segment is engaged in the development and sale of fragrance enhancer products. The Food Flavors segment is engaged in the production and sale of food flavors. The Fine Fragrances segment is engaged in the production and sale of fine fragrances. The e-Cigarette products segment comprises disposable e-Cigarettes and rechargeable e-Cigarettes and their accessories. The Investment Properties segment is engaged in real estate leasing. Its geographical segments are the PRC, Europe, the United States, Asia, and Others, of which prime revenue is derived from the PRC.
52GF Score
Get the complete analysis for CHBGF
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CHBGF has been successfully added to your 
