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 -2.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for FIH Mobile's Beneish M-Score or its related term are showing as below:
FXCNY'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.92 Med: -2.96 Max: -0.19
Current: -2.5
During the past 13 years, the highest Beneish M-Score of FIH Mobile was -0.19. The lowest was -3.92. And the median was -2.96.
FIH Mobile Beneish M-Score Related Terms
FIH Mobile Beneish M-Score Historical Data
* Premium members only.
The historical data trend for FIH Mobile'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 Consumer Electronics subindustry, FIH Mobile'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.
FIH Mobile Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, FIH Mobile's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where FIH Mobile'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 FIH Mobile 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 * 0.9783
+
0.528 * 0.7659
+
0.404 * 0.8816
+
0.892 * 1.1674
+
0.115 * 1.1264
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6552
+
4.679 * -0.014714
-
0.327 * 0.9592
=
-2.50
* 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.
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))
=
(136.498 / (136.498 + 649.427))
/
(126.339 / (126.339 + 693.032))
=
0.173678
/
0.15419
=
1.1264
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
=
(52.727 - 0
-
107.818)
/
3744.004
=
-0.014714
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.
FIH Mobile has a M-score of -2.50 suggests that the company is unlikely to be a manipulator.
FIH Mobile (FXCNY) has a Beneish M-Score of -2.50 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on FIH Mobile and its competitors. According to the industry distribution chart, FIH Mobile ranks #1143 out of 2403 companies in the Hardware industry, placing it in the top 47.6%.
Is FIH Mobile's Beneish M-Score too high?
FIH Mobile's current Beneish M-Score is -2.50. Based on the distribution chart, FIH Mobile ranks #1143 out of 2403 companies in the Hardware industry, which is above the industry midpoint. Overall, FIH Mobile has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does FIH Mobile's Beneish M-Score compare to AAPL?
According to the Hardware industry distribution chart, FIH Mobile ranks #1143 out of 2403 companies for Beneish M-Score. This puts FIH Mobile 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 FIH Mobile and its competitors. FIH Mobile's current Beneish M-Score is -2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FIH Mobile stock overvalued right now?
FIH Mobile (FXCNY) has a current Beneish M-Score of -2.50. The stock's GF Value™ is $10.44, compared to a current price of $27.70 — trading 165.3% above its estimated fair value. The current Beneish M-Score is -2.50. FIH Mobile's overall GF Score™ is 55/100 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 FIH Mobile (FXCNY), the current Beneish M-Score is -2.50 as of Jun. 25, 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 FIH Mobile (FXCNY) Overvalued in 2026?
Based on GuruFocus' analysis, FIH Mobile stock appears to be overvalued.
The current stock price of $27.70 is trading 165.3% above its estimated GF Value™ of $10.44.
Key valuation signals for FXCNY:
Beneish M-Score: -2.50
GF Value™: $10.44 vs. price of $27.70 (165.3% above fair value)
No single metric tells the full story. See the FXCNY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FIH Mobile Ltd is an investment holding company. The company principally engaged as a vertically integrated manufacturing services provider for handset industry world'wide. The Group provides a wide range of manufacturing services to its customers in connection with production of handsets. The majority of revenue comes from Asia segment. The group end-to-end design, development, and manufacturing services for handsets, mobile and wireless communication devices, and consumer electronics products. The Group's operations are organised into three operating segments based on the location of customers Asia, Europe and America.
55GF Score
Get the complete analysis for FXCNY
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FXCNY has been successfully added to your 
