CHOW (ChowChow Cloud International Holdings) Beneish M-Score: 0.50 (As of Aug. 27, 2026)

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CHOW ChowChow Cloud International Holdings Ltd CHOW
21 GF Score
Price $0.38
! 4 Warning Signs
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What is ChowChow Cloud International Holdings Beneish M-Score?

ChowChow Cloud International Holdings CHOW +0.08% 21 Beneish M-Score is 0.50 as of Aug. 27, 2026. GuruFocus rates CHOW with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 2,640 Software companies, ChowChow Cloud International Holdings ranks worse than 94.17% 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.

Warning Sign:

Beneish M-Score 0.5 higher than -1.78, which implies that the company might have manipulated its financial results.

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

CHOW' s Beneish M-Score Range Over the Past 10 Years
Min: -1.92   Med: -0.71   Max: 0.5
Current: 0.5

During the past 4 years, the highest Beneish M-Score of ChowChow Cloud International Holdings was 0.50. The lowest was -1.92. And the median was -0.71.

ChowChow Cloud International Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ChowChow Cloud International Holdings'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.

ChowChow Cloud International Holdings Beneish M-Score Chart

ChowChow Cloud International Holdings Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -1.92 0.50

ChowChow Cloud International Holdings Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -1.92 0.00 0.50

CHOW vs AUID, AIFA, YYAI: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, ChowChow Cloud International Holdings'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.

ChowChow Cloud International Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, ChowChow Cloud International Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where ChowChow Cloud International Holdings's Beneish M-Score falls into.


CHOW
21GF Score
ChowChow Cloud International Holdings Ltd CHOW
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ChowChow Cloud International Holdings 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 ChowChow Cloud International Holdings 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 * 1.7047+0.528 * 1.0762+0.404 * 2.5262+0.892 * 1.3803+0.115 * 0.7563
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 3.4025+4.679 * 0.33899-0.327 * 0.4212
=0.50

* 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 $6.15 Mil.
Revenue was $32.29 Mil.
Gross Profit was $4.17 Mil.
Total Current Assets was $10.86 Mil.
Total Assets was $12.49 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.10 Mil.
Selling, General, & Admin. Expense(SGA) was $6.10 Mil.
Total Current Liabilities was $3.16 Mil.
Long-Term Debt & Capital Lease Obligation was $0.54 Mil.
Net Income was $-3.03 Mil.
Gross Profit was $0.01 Mil.
Cash Flow from Operations was $-7.28 Mil.
 Total Receivables was $2.61 Mil.
Revenue was $23.39 Mil.
Gross Profit was $3.25 Mil.
Total Current Assets was $5.78 Mil.
Total Assets was $6.13 Mil.
Property, Plant and Equipment(Net PPE) was $0.03 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.09 Mil.
Selling, General, & Admin. Expense(SGA) was $1.30 Mil.
Total Current Liabilities was $3.70 Mil.
Long-Term Debt & Capital Lease Obligation was $0.61 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)
=(6.146 / 32.287) / (2.612 / 23.391)
=0.190355 / 0.111667
=1.7047

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)
=(3.249 / 23.391) / (4.167 / 32.287)
=0.1389 / 0.129061
=1.0762

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 - (10.858 + 0.004) / 12.493) / (1 - (5.783 + 0.034) / 6.134)
=0.130553 / 0.051679
=2.5262

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
=32.287 / 23.391
=1.3803

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))
=(0.091 / (0.091 + 0.034)) / (0.103 / (0.103 + 0.004))
=0.728 / 0.962617
=0.7563

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)
=(6.096 / 32.287) / (1.298 / 23.391)
=0.188807 / 0.055491
=3.4025

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)
=((0.541 + 3.157) / 12.493) / ((0.607 + 3.704) / 6.134)
=0.296006 / 0.702804
=0.4212

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
=(-3.027 - 0.014 - -7.276) / 12.493
=0.33899

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.

ChowChow Cloud International Holdings has a M-score of 0.50 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.50 mean?
ChowChow Cloud International Holdings (CHOW) has a Beneish M-Score of 0.50 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ChowChow Cloud International Holdings and its competitors. According to the industry distribution chart, ChowChow Cloud International Holdings ranks #2486 out of 2640 companies in the Software industry, placing it in the top 94.2%.
Is ChowChow Cloud International Holdings' Beneish M-Score too high?
ChowChow Cloud International Holdings' current Beneish M-Score is 0.50. Based on the distribution chart, ChowChow Cloud International Holdings ranks #2486 out of 2640 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, ChowChow Cloud International Holdings has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does ChowChow Cloud International Holdings' Beneish M-Score compare to AUID and AIFA?
According to the Software industry distribution chart, ChowChow Cloud International Holdings ranks #2486 out of 2640 companies for Beneish M-Score. This places ChowChow Cloud International Holdings 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 a Software company?
A good Beneish M-Score depends on the Software 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 ChowChow Cloud International Holdings and its competitors. ChowChow Cloud International Holdings's current Beneish M-Score is 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ChowChow Cloud International Holdings stock overvalued right now?
ChowChow Cloud International Holdings (CHOW) has a current Beneish M-Score of 0.50. The current Beneish M-Score is 0.50. ChowChow Cloud International Holdings' overall GF Score™ is 21/100 with 4 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 ChowChow Cloud International Holdings (CHOW), the current Beneish M-Score is 0.50 as of Aug. 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.

ChowChow Cloud International Holdings Business Description

Address 107 How Ming Street, Kwun Tong, 8th Floor, Kwok Kee Group Centre, Kowloon, Hong Kong, HKG
ChowChow Cloud International Holdings Ltd provides one-stop cloud solutions that support companies across the IT industry value chain throughout their entire cloud transformation journey, from consulting, deployment, and migration to cloud environment building and management. Its business comprises (i) digital transformation consulting services consisting of cloud suitability assessment, (ii) professional IT services comprising capabilities designed to facilitate seamless cloud integration and digital transformation, (iii) AI-powered proactive cloud managed services covering all aspects of day-to-day cloud maintenance and support, and (iv) IT infrastructure solutions covering on-premise private cloud setups and public cloud integrations, including infrastructure applications.
21GF Score

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

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