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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 -2.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Jinmao Holdings Group's Beneish M-Score or its related term are showing as below:
FRA:3F5'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.63 Med: -2.3 Max: -1.55
Current: -2.39
During the past 13 years, the highest Beneish M-Score of China Jinmao Holdings Group was -1.55. The lowest was -2.63. And the median was -2.30.
China Jinmao Holdings Group Beneish M-Score Related Terms
China Jinmao Holdings Group Beneish M-Score Historical Data
* 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.
China Jinmao Holdings Group Beneish M-Score Competitor Comparison
For the Real Estate - Development subindustry, China Jinmao Holdings Group'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.
China Jinmao Holdings Group Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, China Jinmao Holdings Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Jinmao Holdings Group's Beneish M-Score falls into.
China Jinmao Holdings Group 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 China Jinmao Holdings Group 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 * 1.0944
+
0.528 * 0.9373
+
0.404 * 0.9445
+
0.892 * 0.9294
+
0.115 * 1.0292
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9029
+
4.679 * 0.001789
-
0.327 * 1.027
=
-2.49
* 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))
=
(99.291 / (99.291 + 1948.47))
/
(88.197 / (88.197 + 1783.883))
=
0.048488
/
0.047112
=
1.0292
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
=
(151.953 - 0
-
56.151)
/
53560.976
=
0.001789
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.
China Jinmao Holdings Group has a M-score of -2.49 suggests that the company is unlikely to be a manipulator.
China Jinmao Holdings Group (FRA:3F5) has a Beneish M-Score of -2.39 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Jinmao Holdings Group and its competitors. According to the industry distribution chart, China Jinmao Holdings Group ranks #807 out of 1685 companies in the Real Estate industry, placing it in the top 47.9%.
Is China Jinmao Holdings Group's Beneish M-Score too high?
China Jinmao Holdings Group's current Beneish M-Score is -2.39. Based on the distribution chart, China Jinmao Holdings Group ranks #807 out of 1685 companies in the Real Estate industry, which is above the industry midpoint. Overall, China Jinmao Holdings Group has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does China Jinmao Holdings Group's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, China Jinmao Holdings Group ranks #807 out of 1685 companies for Beneish M-Score. This puts China Jinmao Holdings Group 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 China Jinmao Holdings Group and its competitors. China Jinmao Holdings Group's current Beneish M-Score is -2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Jinmao Holdings Group stock overvalued right now?
China Jinmao Holdings Group (FRA:3F5) has a current Beneish M-Score of -2.39. The stock's GF Value™ is €0.10, compared to a current price of €0.14 — trading 42% above its estimated fair value. The current Beneish M-Score is -2.39. China Jinmao Holdings Group's overall GF Score™ is 53/100 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 China Jinmao Holdings Group (FRA:3F5), the current Beneish M-Score is -2.39 as of Jul. 13, 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 China Jinmao Holdings Group (FRA:3F5) Overvalued in 2026?
Based on GuruFocus' analysis, China Jinmao Holdings Group stock appears to be overvalued.
The current stock price of €0.14 is trading 42% above its estimated GF Value™ of €0.10.
Key valuation signals for FRA:3F5:
Beneish M-Score: -2.39
GF Value™: €0.10 vs. price of €0.14 (42% above fair value)
No single metric tells the full story. See the FRA:3F5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Jinmao, formerly known as Franshion Properties, is a mid-cap real estate developer in China. It listed on the Hong Kong stock exchange in 2007. As the real estate arm of Sinochem, a leading government-controlled chemical-producing conglomerate, China Jinmao focuses on the development of high-end residential projects in wealthy cities of China with premium pricing. It also engages in a unique city operation model, in which it has opportunities to participate in large-scale primary and secondary land development through specific agreements with local government. Under the mixed ownership reform initiative, China Jinmao brought in Ping An as a long-term financial investor and second-largest shareholder.
53GF Score
Get the complete analysis for FRA:3F5
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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