China Eastern AirlinesCHEAF 53 Beneish M-Score is -3.55 as of Jun. 25, 2026. GuruFocus rates CHEAF with a GF Score™ of 53/100 and a GF Value™ of $0.67 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 966 Transportation companies, China Eastern Airlines ranks better than 94.72% 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 -3.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Eastern Airlines's Beneish M-Score or its related term are showing as below:
CHEAF'
s Beneish M-Score Range Over the Past 10 Years
Min: -30.4 Med: -3.01 Max: 5.45
Current: -3.55
During the past 13 years, the highest Beneish M-Score of China Eastern Airlines was 5.45. The lowest was -30.40. And the median was -3.01.
China Eastern Airlines Beneish M-Score Related Terms
China Eastern Airlines Beneish M-Score Historical Data
* Premium members only.
The historical data trend for China Eastern Airlines'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.
CHEAF vs DAL, UAL, LUV: Beneish M-Score Comparison
For the Airlines subindustry, China Eastern Airlines'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 Eastern Airlines Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, China Eastern Airlines's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Eastern Airlines's Beneish M-Score falls into.
China Eastern Airlines 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 China Eastern Airlines 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 * 0.7469
+
0.528 * 0.5513
+
0.404 * 0.8786
+
0.892 * 1.1081
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9746
+
4.679 * -0.123931
-
0.327 * 1.0079
=
-3.48
* 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))
=
(0 / (0 + 32073.993))
/
(0 / (0 + 34864.41))
=
0
/
0
=
1
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
=
(141.88 - 0
-
5495.478)
/
43198.3
=
-0.123931
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 Eastern Airlines has a M-score of -3.48 suggests that the company is unlikely to be a manipulator.
China Eastern Airlines (CHEAF) has a Beneish M-Score of -3.55 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Eastern Airlines and its competitors. According to the industry distribution chart, China Eastern Airlines ranks #51 out of 966 companies in the Transportation industry, placing it in the top 5.3%.
Is China Eastern Airlines' Beneish M-Score too high?
China Eastern Airlines' current Beneish M-Score is -3.55. Based on the distribution chart, China Eastern Airlines ranks #51 out of 966 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, China Eastern Airlines has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Eastern Airlines' Beneish M-Score compare to DAL and UAL?
According to the Transportation industry distribution chart, China Eastern Airlines ranks #51 out of 966 companies for Beneish M-Score. This places China Eastern Airlines in the top 5% 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Eastern Airlines and its competitors. China Eastern Airlines's current Beneish M-Score is -3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Eastern Airlines stock overvalued right now?
Based on GuruFocus' analysis, China Eastern Airlines (CHEAF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.67, compared to a current price of $0.47 — trading 29.8% below its estimated fair value. The current Beneish M-Score is -3.55. China Eastern Airlines' overall GF Score™ is 53/100 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 China Eastern Airlines (CHEAF), the current Beneish M-Score is -3.55 as of Jun. 25, 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 Eastern Airlines (CHEAF) Overvalued in 2026?
Based on GuruFocus' analysis, China Eastern Airlines stock appears to be undervalued.
The current stock price of $0.47 is trading 29.8% below its estimated GF Value™ of $0.67.
GuruFocus considers China Eastern Airlines to be Possible Value Trap.
Key valuation signals for CHEAF:
Beneish M-Score: -3.55
GF Value™: $0.67 vs. price of $0.47 (29.8% below fair value)
No single metric tells the full story. See the CHEAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Eastern Airlines Corp Ltd principally engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery and other extended transportation services, also manufacturing and maintenance of aircraft and aviation equipment, agency services, import and export business, tourism and hotel business; and other businesses related to air transportation. The Group has two reportable segments. Airline transportation operations mainly comprise the provision of passenger, cargo, mail delivery, and ground services. Other services, including tour operations, air catering, and other miscellaneous services, are not included within the airline transportation operations segment. Geographically, the company operates Domestic, Regional and International.
53GF Score
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