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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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for DKSH Holding's Beneish M-Score or its related term are showing as below:
CHIX:DKSHz'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.73 Med: -2.47 Max: -2.29
Current: -2.58
During the past 13 years, the highest Beneish M-Score of DKSH Holding was -2.29. The lowest was -2.73. And the median was -2.47.
DKSH Holding Beneish M-Score Related Terms
DKSH Holding Beneish M-Score Historical Data
* Premium members only.
The historical data trend for DKSH Holding'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.
CHIX:DKSHZ vs VRSK, EFX, BAH: Beneish M-Score Comparison
For the Consulting Services subindustry, DKSH Holding'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.
DKSH Holding Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, DKSH Holding's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where DKSH Holding'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 DKSH Holding 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 * 0.975
+
0.528 * 1.017
+
0.404 * 1.0234
+
0.892 * 0.9979
+
0.115 * 0.9368
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9391
+
4.679 * -0.02131
-
0.327 * 0.9887
=
-2.58
* 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))
=
(126.6 / (126.6 + 409.1))
/
(121.7 / (121.7 + 360.7))
=
0.236326
/
0.25228
=
0.9368
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
=
(202.9 - 0
-
320.1)
/
5499.7
=
-0.02131
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.
DKSH Holding has a M-score of -2.58 suggests that the company is unlikely to be a manipulator.
DKSH Holding (CHIX:DKSHZ) has a Beneish M-Score of -2.58 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on DKSH Holding and its competitors. According to the industry distribution chart, DKSH Holding ranks #478 out of 1020 companies in the Business Services industry, placing it in the top 46.9%.
Is DKSH Holding's Beneish M-Score too high?
DKSH Holding's current Beneish M-Score is -2.58. Based on the distribution chart, DKSH Holding ranks #478 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, DKSH Holding has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKSH Holding's Beneish M-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, DKSH Holding ranks #478 out of 1020 companies for Beneish M-Score. This puts DKSH Holding 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 DKSH Holding and its competitors. DKSH Holding's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKSH Holding stock overvalued right now?
Based on GuruFocus' analysis, DKSH Holding (CHIX:DKSHZ) is currently considered Fairly Valued. The stock's GF Value™ is CHF63.75, compared to a current price of CHF67.65 — trading 6.1% above its estimated fair value. The current Beneish M-Score is -2.58. DKSH Holding's overall GF Score™ is 75/100 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 DKSH Holding (CHIX:DKSHZ), the current Beneish M-Score is -2.58 as of Jul. 15, 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 DKSH Holding (CHIX:DKSHZ) Overvalued in 2026?
Based on GuruFocus' analysis, DKSH Holding stock appears to be overvalued.
The current stock price of CHF67.65 is trading 6.1% above its estimated GF Value™ of CHF63.75.
GuruFocus considers DKSH Holding to be Fairly Valued.
Key valuation signals for CHIX:DKSHZ:
Beneish M-Score: -2.58
GF Value™: CHF63.75 vs. price of CHF67.65 (6.1% above fair value)
No single metric tells the full story. See the CHIX:DKSHZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DKSH Holding Ltd offers market expansion services in Asia. The company provides a range of services, including sourcing, market insights, marketing and sales, eCommerce, distribution and logistics, and after-sales support. It offers expertise and on-the-ground logistical support. The company operates in five business segments: Consumer goods, Healthcare, Performance Materials, Technology and Other (non-Business Unit). The majority of the revenue is derived from the Healthcare segment, which offers pharmaceuticals, consumer health, and over-the-counter health products, as well as medical devices, and also offers services including product registration, marketing and sales, and capillary physical distribution.
75GF Score
Get the complete analysis for CHIX:DKSHZ
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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