FITGF (FIT Hon Teng) Beneish M-Score: -2.53 (As of Jun. 26, 2026)

What is FIT Hon Teng Beneish M-Score?

FIT Hon Teng FITGF 63 Beneish M-Score is -2.53 as of Jun. 26, 2026. GuruFocus rates FITGF with a GF Score™ of 63/100 and a GF Value™ of $0.37 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,404 Hardware companies, FIT Hon Teng ranks better than 55.12% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for FIT Hon Teng's Beneish M-Score or its related term are showing as below:

FITGF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.15 Med: -2.5 Max: -0.55
Current: -2.53

During the past 10 years, the highest Beneish M-Score of FIT Hon Teng was -0.55. The lowest was -3.15. And the median was -2.50.

FIT Hon Teng Beneish M-Score Related Terms

FIT Hon Teng Beneish M-Score Historical Data

* Premium members only.

The historical data trend for FIT Hon Teng'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.

FIT Hon Teng Beneish M-Score Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.33

-3.15

-2.89

-2.46

-2.53

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-2.89	0.00	-2.46	0.00	-2.53

FITGF vs APH, GLW, TEL: Beneish M-Score Comparison

For the Electronic Components subindustry, FIT Hon Teng'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.

FIT Hon Teng Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, FIT Hon Teng's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where FIT Hon Teng's Beneish M-Score falls into.

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63GF Score

FIT Hon Teng Ltd FITGF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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FIT Hon Teng 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 FIT Hon Teng for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9166

0.528 * 1.0442

0.404 * 0.8938

0.892 * 1.1239

0.115 * 1.04

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8785

4.679 * -0.018709

0.327 * 1.0057

-2.53

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $1,072 Mil.
Revenue was $5,003 Mil.
Gross Profit was $946 Mil.
Total Current Assets was $3,446 Mil.
Total Assets was $5,930 Mil.
Property, Plant and Equipment(Net PPE) was $1,448 Mil.
Depreciation, Depletion and Amortization(DDA) was $281 Mil.
Selling, General, & Admin. Expense(SGA) was $368 Mil.
Total Current Liabilities was $2,518 Mil.
Long-Term Debt & Capital Lease Obligation was $675 Mil.
Net Income was $156 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $267 Mil.

Total Receivables was $1,041 Mil.
Revenue was $4,451 Mil.
Gross Profit was $879 Mil.
Total Current Assets was $3,160 Mil.
Total Assets was $5,470 Mil.
Property, Plant and Equipment(Net PPE) was $1,241 Mil.
Depreciation, Depletion and Amortization(DDA) was $253 Mil.
Selling, General, & Admin. Expense(SGA) was $373 Mil.
Total Current Liabilities was $2,241 Mil.
Long-Term Debt & Capital Lease Obligation was $687 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)
	=	(1072.149 / 5002.827)	/	(1040.809 / 4451.494)
	=	0.214309	/	0.233811
	=	0.9166

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)
	=	(878.646 / 4451.494)	/	(945.657 / 5002.827)
	=	0.197382	/	0.189025
	=	1.0442

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 - (3446.182 + 1447.968) / 5930.477)	/	(1 - (3159.618 + 1241.148) / 5470.183)
	=	0.174746	/	0.195499
	=	0.8938

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
	=	5002.827	/	4451.494
	=	1.1239

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))
	=	(252.738 / (252.738 + 1241.148))	/	(281.295 / (281.295 + 1447.968))
	=	0.169182	/	0.162668
	=	1.04

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)
	=	(368.238 / 5002.827)	/	(372.983 / 4451.494)
	=	0.073606	/	0.083788
	=	0.8785

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)
	=	((674.84 + 2517.729) / 5930.477)	/	((686.685 + 2241.3) / 5470.183)
	=	0.538333	/	0.535263
	=	1.0057

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
	=	(156.06 - 0	-	267.012)	/	5930.477
	=	-0.018709

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.

FIT Hon Teng has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -2.53 mean?

FIT Hon Teng (FITGF) has a Beneish M-Score of -2.53 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on FIT Hon Teng and its competitors. According to the industry distribution chart, FIT Hon Teng ranks #1079 out of 2404 companies in the Hardware industry, placing it in the top 44.9%.

Is FIT Hon Teng's Beneish M-Score too high?

FIT Hon Teng's current Beneish M-Score is -2.53. Based on the distribution chart, FIT Hon Teng ranks #1079 out of 2404 companies in the Hardware industry, which is above the industry midpoint. Overall, FIT Hon Teng has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does FIT Hon Teng's Beneish M-Score compare to APH and GLW?

According to the Hardware industry distribution chart, FIT Hon Teng ranks #1079 out of 2404 companies for Beneish M-Score. This puts FIT Hon Teng 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 Hardware company?

A good Beneish M-Score depends on the Hardware 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 FIT Hon Teng and its competitors. FIT Hon Teng's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is FIT Hon Teng stock overvalued right now?

Based on GuruFocus' analysis, FIT Hon Teng (FITGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.37, compared to a current price of $0.93 — trading 150.5% above its estimated fair value. The current Beneish M-Score is -2.53. FIT Hon Teng's overall GF Score™ is 63/100 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 FIT Hon Teng (FITGF), the current Beneish M-Score is -2.53 as of Jun. 26, 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 FIT Hon Teng (FITGF) Overvalued in 2026?

Based on GuruFocus' analysis, FIT Hon Teng stock appears to be overvalued. The current stock price of $0.93 is trading 150.5% above its estimated GF Value™ of $0.37. GuruFocus considers FIT Hon Teng to be Significantly Overvalued.

Key valuation signals for FITGF:

Beneish M-Score: -2.53
GF Value™: $0.37 vs. price of $0.93 (150.5% above fair value)
GF Score™: 63/100 with 4 warning signs

No single metric tells the full story. See the FITGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FIT Hon Teng Business Description

Industry Technology Hardware

Comparable Companies HKSE:00285 HKSE:02382 HKSE:01415 HKSE:02632 HKSE:01478 HKSE:02665 HKSE:02650 HKSE:00259 HKSE:00580 HKSE:00117 TPE:2308 APH GLW TPE:2317 TSE:6981 XKRX:009150 SZSE:002475 TEL TPE:2383 SZSE:002384

Other Exchanges 06088:Hong Kong 0FJ:Germany

Address No. 66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. The company focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Germany, and other countries, of which a majority of revenue is derived from the U.S. Its business id further segmented as Intermediate products and Consumer products.

63GF Score

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

$0.93

Price

$0.37

GF Value

View FITGF Analysis

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