CLP HoldingsCLPHF 70 Beneish M-Score is -2.83 as of Jun. 24, 2026. GuruFocus rates CLPHF with a GF Score™ of 70/100 and a GF Value™ of $7.81 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 485 Utilities - Regulated companies, CLP Holdings ranks better than 77.73% 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 -2.83 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for CLP Holdings's Beneish M-Score or its related term are showing as below:
CLPHF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.07 Med: -2.74 Max: -2.31
Current: -2.83
During the past 13 years, the highest Beneish M-Score of CLP Holdings was -2.31. The lowest was -3.07. And the median was -2.74.
CLP Holdings Beneish M-Score Related Terms
CLP Holdings Beneish M-Score Historical Data
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The historical data trend for CLP 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.
For the Utilities - Regulated Electric subindustry, CLP 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.
CLP Holdings Beneish M-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CLP Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CLP Holdings'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 CLP 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 * 0.9414
+
0.528 * 0.9614
+
0.404 * 1.0183
+
0.892 * 0.9667
+
0.115 * 0.9966
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * -0.057454
-
0.327 * 0.9425
=
-2.83
* 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))
=
(1193.3 / (1193.3 + 21704.145))
/
(1248.972 / (1248.972 + 22636.233))
=
0.052115
/
0.052291
=
0.9966
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
=
(1370.939 - 0
-
3133.097)
/
30670.882
=
-0.057454
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.
CLP Holdings has a M-score of -2.83 suggests that the company is unlikely to be a manipulator.
CLP Holdings (CLPHF) has a Beneish M-Score of -2.83 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CLP Holdings and its competitors. According to the industry distribution chart, CLP Holdings ranks #108 out of 485 companies in the Utilities - Regulated industry, placing it in the top 22.3%.
Is CLP Holdings' Beneish M-Score too high?
CLP Holdings' current Beneish M-Score is -2.83. Based on the distribution chart, CLP Holdings ranks #108 out of 485 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, CLP Holdings has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CLP Holdings' Beneish M-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CLP Holdings ranks #108 out of 485 companies for Beneish M-Score. This places CLP Holdings in the top 22% 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 an Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 CLP Holdings and its competitors. CLP Holdings's current Beneish M-Score is -2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CLP Holdings stock overvalued right now?
Based on GuruFocus' analysis, CLP Holdings (CLPHF) is currently considered Modestly Overvalued. The stock's GF Value™ is $7.81, compared to a current price of $9.03 — trading 15.6% above its estimated fair value. The current Beneish M-Score is -2.83. CLP Holdings' overall GF Score™ is 70/100 with 9 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 CLP Holdings (CLPHF), the current Beneish M-Score is -2.83 as of Jun. 24, 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 CLP Holdings (CLPHF) Overvalued in 2026?
Based on GuruFocus' analysis, CLP Holdings stock appears to be overvalued.
The current stock price of $9.03 is trading 15.6% above its estimated GF Value™ of $7.81.
GuruFocus considers CLP Holdings to be Modestly Overvalued.
Key valuation signals for CLPHF:
Beneish M-Score: -2.83
GF Value™: $7.81 vs. price of $9.03 (15.6% above fair value)
No single metric tells the full story. See the CLPHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the territory's population. It generates, transmits, and distributes electricity to about 2.8 million customer accounts in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government, with a permitted return on net fixed assets of 8% to December 2033. About 70% of group EBITDA is from Hong Kong, its highest-quality business. Besides Hong Kong, the company has expanded overseas, with generation and energy retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia.
70GF Score
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