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Puxing EnergyHKSE:00090 -2.69%41 Beneish M-Score is 0.08 as of Aug. 19, 2026. GuruFocus rates HKSE:00090 with a GF Score™ of 41/100 and a GF Value™ of HK$0.25 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 398 Utilities - Independent Power Producers companies, Puxing Energy ranks worse than 92.71% 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.
Warning Sign:
Beneish M-Score 0.08 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Puxing Energy's Beneish M-Score or its related term are showing as below:
HKSE:00090'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.12 Med: -2.43 Max: 0.08
Current: 0.08
During the past 13 years, the highest Beneish M-Score of Puxing Energy was 0.08. The lowest was -3.12. And the median was -2.43.
The historical data trend for Puxing Energy'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.
Puxing Energy Beneish M-Score Competitor Comparison
For the Utilities - Renewable subindustry, Puxing Energy'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.
Puxing Energy Beneish M-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Puxing Energy's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Puxing Energy'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 Puxing Energy 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 * 2.8546
+
0.528 * 0.9382
+
0.404 * 4.3896
+
0.892 * 0.7134
+
0.115 * 0.6716
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8746
+
4.679 * -0.065744
-
0.327 * 0.6993
=
0.08
* 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))
=
(112.741 / (112.741 + 1754.697))
/
(99.267 / (99.267 + 1005.036))
=
0.060372
/
0.089891
=
0.6716
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
=
(42.351 - 0
-
148.996)
/
1622.13
=
-0.065744
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.
Puxing Energy has a M-score of 0.08 signals that the company is likely to be a manipulator.
Puxing Energy (HKSE:00090) has a Beneish M-Score of 0.08 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Puxing Energy and its competitors. According to the industry distribution chart, Puxing Energy ranks #369 out of 398 companies in the Utilities - Independent Power Producers industry, placing it in the top 92.7%.
Is Puxing Energy's Beneish M-Score too high?
Puxing Energy's current Beneish M-Score is 0.08. Based on the distribution chart, Puxing Energy ranks #369 out of 398 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Puxing Energy has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Puxing Energy's Beneish M-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Puxing Energy ranks #369 out of 398 companies for Beneish M-Score. This places Puxing Energy 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 Utilities - Independent Power Producers company?
A good Beneish M-Score depends on the Utilities - Independent Power Producers 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 Puxing Energy and its competitors. Puxing Energy's current Beneish M-Score is 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Puxing Energy stock overvalued right now?
Based on GuruFocus' analysis, Puxing Energy (HKSE:00090) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.91 — trading 262% above its estimated fair value. The current Beneish M-Score is 0.08. Puxing Energy's overall GF Score™ is 41/100 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 Puxing Energy (HKSE:00090), the current Beneish M-Score is 0.08 as of Aug. 19, 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 Puxing Energy (HKSE:00090) Overvalued in 2026?
Based on GuruFocus' analysis, Puxing Energy stock appears to be overvalued.
The current stock price of HK$0.91 is trading 262% above its estimated GF Value™ of HK$0.25.
GuruFocus considers Puxing Energy to be Significantly Overvalued.
Key valuation signals for HKSE:00090:
Beneish M-Score: 0.08
GF Value™: HK$0.25 vs. price of HK$0.91 (262% above fair value)
No single metric tells the full story. See the HKSE:00090 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Puxing Energy Ltd is a provider of clean energy. The company is engaged in the development, operation, and management of natural gas-fired power plants. It has five operating segments, which are the five power plants, namely: Puxing (Anji) Gas Turbine Thermal Power Co., Ltd. (Anji Power Plant); Zhejiang Puxing Deneng Natural Gas Power Co., Ltd. (Deneng Power Plant); Zhejiang Puxing Jingxing Natural Gas Power Co., Ltd.(Jing-Xing Power Plant); Zhejiang Puxing Bluesky Natural Gas Power Co., Ltd. (Bluesky Power Plant); and Quzhou Puxing Gas Turbine Thermal Power Co., Ltd (Quzhou Power Plant).
41GF Score
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