ELPW (Elong Power Holding) Beneish M-Score: 0.00 (As of Aug. 22, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

ELPW Elong Power Holding Ltd ELPW
6 GF Score
Price $3.99
! 7 Warning Signs
View Full Analysis

What is Elong Power Holding Beneish M-Score?

Elong Power Holding ELPW -3.39% 6 Beneish M-Score is 0.00 as of Aug. 22, 2026. GuruFocus rates ELPW with a GF Score™ of 6/100. The stock has 7 warning signs investors should review. Among 2,917 Industrial Products companies, Elong Power Holding ranks worse than 34281.76% 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.

The historical rank and industry rank for Elong Power Holding's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Elong Power Holding was 0.00. The lowest was 0.00. And the median was 0.00.

Elong Power Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Elong Power 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.

Elong Power Holding Beneish M-Score Chart

Elong Power Holding Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

Elong Power Holding Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

ELPW vs RAYA, KRFG, CCTG: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Elong Power 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.

Elong Power Holding Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Elong Power Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Elong Power Holding's Beneish M-Score falls into.


ELPW
6GF Score
Elong Power Holding Ltd ELPW
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elong Power Holding 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 Elong Power 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 $0.97 Mil.
Revenue was $2.05 Mil.
Gross Profit was $0.08 Mil.
Total Current Assets was $11.88 Mil.
Total Assets was $27.74 Mil.
Property, Plant and Equipment(Net PPE) was $0.19 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.66 Mil.
Selling, General, & Admin. Expense(SGA) was $1.48 Mil.
Total Current Liabilities was $25.89 Mil.
Long-Term Debt & Capital Lease Obligation was $0.04 Mil.
Net Income was $-5.57 Mil.
Gross Profit was $-0.24 Mil.
Cash Flow from Operations was $-2.67 Mil.
 Total Receivables was $0.07 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $10.47 Mil.
Total Assets was $26.63 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.30 Mil.
Selling, General, & Admin. Expense(SGA) was $11.04 Mil.
Total Current Liabilities was $20.36 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(0.973 / 2.053) / (0.069 / 0)
=0.473941 /
=

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)
=(0 / 0) / (0.083 / 2.053)
= / 0.040429
=

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 - (11.877 + 0.189) / 27.741) / (1 - (10.471 + 0) / 26.631)
=0.565048 / 0.606812
=

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
=2.053 / 0
=

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))
=(3.296 / (3.296 + 0)) / (1.662 / (1.662 + 0.189))
=1 / 0.897893
=

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)
=(1.476 / 2.053) / (11.041 / 0)
=0.718948 /
=

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)
=((0.042 + 25.887) / 27.741) / ((0 + 20.362) / 26.631)
=0.934682 / 0.764598
=

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
=(-5.57 - -0.24 - -2.665) / 27.741
=-0.096067

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Elong Power Holding (ELPW) has a Beneish M-Score of 0.00 as of Aug. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Elong Power Holding and its competitors. According to the industry distribution chart, Elong Power Holding ranks #999999 out of 2917 companies in the Industrial Products industry.
Is Elong Power Holding's Beneish M-Score too high?
Elong Power Holding's current Beneish M-Score is 0.00. Based on the distribution chart, Elong Power Holding ranks #999999 out of 2917 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Elong Power Holding has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Elong Power Holding's Beneish M-Score compare to RAYA and KRFG?
According to the Industrial Products industry distribution chart, Elong Power Holding ranks #999999 out of 2917 companies for Beneish M-Score. This places Elong Power Holding 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Elong Power Holding and its competitors. Elong Power Holding's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elong Power Holding stock overvalued right now?
Elong Power Holding (ELPW) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Elong Power Holding's overall GF Score™ is 6/100 with 7 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 Elong Power Holding (ELPW), the current Beneish M-Score is 0.00 as of Aug. 22, 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.

Elong Power Holding Business Description

Address 3 Yan Jing Li Zhong Jie, Jiatai International Plaza, Block B, Room 2110, Beijing, CHN, 100025
Elong Power Holding Ltd specializes in the R&D, production and market application of battery packs, battery cells, lithium battery energy storage system complete equipment and supporting accessories. Its lower-cost, high power and fast-charging battery energy storage systems are designed specifically for commercial electric vehicles, specialty vehicles which require large-capacity energy storage systems, and various other scenarios. It is specialized in the R&D, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. It has determined that there is only one reportable operating segment.
6GF Score

Get the complete analysis for ELPW

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

$3.99
Price