Regal Hotels International Holdings (HKSE:00078) Beneish M-Score: -2.75 (As of Sep. 09, 2026)

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HKSE:00078 Regal Hotels International Holdings Ltd HKSE:00078
46 GF Score
Price HK$0.45
GF Value HK$4.27
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Regal Hotels International Holdings Beneish M-Score?

Regal Hotels International Holdings HKSE:00078 +1.12% 46 Beneish M-Score is -2.75 as of Sep. 09, 2026. GuruFocus rates HKSE:00078 with a GF Score™ of 46/100 and a GF Value™ of HK$4.27 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 813 Travel & Leisure companies, Regal Hotels International Holdings ranks better than 63.22% 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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Regal Hotels International Holdings's Beneish M-Score or its related term are showing as below:

HKSE:00078' s Beneish M-Score Range Over the Past 10 Years
Min: -3.74   Med: -2.6   Max: 0.77
Current: -2.75

During the past 13 years, the highest Beneish M-Score of Regal Hotels International Holdings was 0.77. The lowest was -3.74. And the median was -2.60.

Regal Hotels International Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Regal Hotels International 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.

Regal Hotels International Holdings Beneish M-Score Chart

Regal Hotels International Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.15 -1.86 -2.18 -3.74 -2.75

Regal Hotels International Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.18 0.00 -3.74 0.00 -2.75

HKSE:00078 vs MAR, HLT, H: Beneish M-Score Comparison

For the Lodging subindustry, Regal Hotels International 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.

Regal Hotels International Holdings Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Regal Hotels International Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Regal Hotels International Holdings's Beneish M-Score falls into.


HKSE:00078
46GF Score
Regal Hotels International Holdings Ltd HKSE:00078
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Regal Hotels International Holdings 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 Regal Hotels International 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 * 0.581+0.528 * 1.2809+0.404 * 1.0032+0.892 * 1.5108+0.115 * 0.9857
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.7622+4.679 * -0.111942-0.327 * 1.0312
=-2.75

* 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 HK$241 Mil.
Revenue was HK$2,759 Mil.
Gross Profit was HK$811 Mil.
Total Current Assets was HK$1,356 Mil.
Total Assets was HK$22,873 Mil.
Property, Plant and Equipment(Net PPE) was HK$16,821 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$592 Mil.
Selling, General, & Admin. Expense(SGA) was HK$324 Mil.
Total Current Liabilities was HK$5,908 Mil.
Long-Term Debt & Capital Lease Obligation was HK$9,279 Mil.
Net Income was HK$-1,201 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$1,360 Mil.
 Total Receivables was HK$275 Mil.
Revenue was HK$1,826 Mil.
Gross Profit was HK$688 Mil.
Total Current Assets was HK$2,466 Mil.
Total Assets was HK$24,974 Mil.
Property, Plant and Equipment(Net PPE) was HK$17,398 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$603 Mil.
Selling, General, & Admin. Expense(SGA) was HK$282 Mil.
Total Current Liabilities was HK$5,469 Mil.
Long-Term Debt & Capital Lease Obligation was HK$10,612 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)
=(241.2 / 2758.5) / (274.8 / 1825.8)
=0.087439 / 0.150509
=0.581

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)
=(687.8 / 1825.8) / (811.3 / 2758.5)
=0.376712 / 0.294109
=1.2809

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 - (1356.1 + 16821.4) / 22872.5) / (1 - (2466.1 + 17397.7) / 24973.7)
=0.205268 / 0.204611
=1.0032

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
=2758.5 / 1825.8
=1.5108

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))
=(603.3 / (603.3 + 17397.7)) / (592.1 / (592.1 + 16821.4))
=0.033515 / 0.034002
=0.9857

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)
=(324.4 / 2758.5) / (281.7 / 1825.8)
=0.1176 / 0.154289
=0.7622

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)
=((9278.7 + 5907.9) / 22872.5) / ((10611.8 + 5468.7) / 24973.7)
=0.663968 / 0.643897
=1.0312

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
=(-1200.9 - 0 - 1359.5) / 22872.5
=-0.111942

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.

Regal Hotels International Holdings has a M-score of -2.75 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 -2.75 mean?
Regal Hotels International Holdings (HKSE:00078) has a Beneish M-Score of -2.75 as of Sep. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Regal Hotels International Holdings and its competitors. According to the industry distribution chart, Regal Hotels International Holdings ranks #299 out of 813 companies in the Travel & Leisure industry, placing it in the top 36.8%.
Is Regal Hotels International Holdings' Beneish M-Score too high?
Regal Hotels International Holdings' current Beneish M-Score is -2.75. Based on the distribution chart, Regal Hotels International Holdings ranks #299 out of 813 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Regal Hotels International Holdings has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Regal Hotels International Holdings' Beneish M-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Regal Hotels International Holdings ranks #299 out of 813 companies for Beneish M-Score. This puts Regal Hotels International Holdings 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Regal Hotels International Holdings and its competitors. Regal Hotels International Holdings's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Regal Hotels International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Regal Hotels International Holdings (HKSE:00078) is currently considered Possible Value Trap. The stock's GF Value™ is HK$4.27, compared to a current price of HK$0.45 — trading 89.5% below its estimated fair value. The current Beneish M-Score is -2.75. Regal Hotels International Holdings' overall GF Score™ is 46/100 with 2 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 Regal Hotels International Holdings (HKSE:00078), the current Beneish M-Score is -2.75 as of Sep. 09, 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 Regal Hotels International Holdings (HKSE:00078) Overvalued in 2026?

Based on GuruFocus' analysis, Regal Hotels International Holdings stock appears to be undervalued. The current stock price of HK$0.45 is trading 89.5% below its estimated GF Value™ of HK$4.27. GuruFocus considers Regal Hotels International Holdings to be Possible Value Trap.

Key valuation signals for HKSE:00078:

  • Beneish M-Score: -2.75
  • GF Value™: HK$4.27 vs. price of HK$0.45 (89.5% below fair value)
  • GF Score™: 46/100 with 2 warning signs

No single metric tells the full story. See the HKSE:00078 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Regal Hotels International Holdings Business Description

Address 68 Yee Wo Street, 20th Floor, Causeway Bay, Hong Kong, HKG
Regal Hotels International Holdings Ltd is engaged in hotel operations and management, hotel ownership, asset management of Regal REIT, property development and investment, aircraft ownership and leasing business, and other investments including financial assets investments. Its segments include the hotel operation and management and hotel ownership segment, the asset management segment, the property development and investment segment, the financial assets investments segment, the aircraft ownership and leasing segment, and the others segment. The majority of the revenue is derived from the hotel operation and management and hotel ownership segment engages in hotel operations and the provision of hotel management services, and the ownership in hotel properties for rental income.
46GF Score

Get the complete analysis for HKSE:00078

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

HK$0.45
Price
HK$4.27
GF Value