Lvgem (China) Real Estate Investment Co (HKSE:00095) Beneish M-Score: -3.58 (As of Aug. 29, 2026)

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HKSE:00095 Lvgem (China) Real Estate Investment Co Ltd HKSE:00095
36 GF Score
Price HK$0.19
GF Value HK$0.10
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Lvgem (China) Real Estate Investment Co Beneish M-Score?

Lvgem (China) Real Estate Investment Co HKSE:00095 -3.55% 36 Beneish M-Score is -3.58 as of Aug. 29, 2026. GuruFocus rates HKSE:00095 with a GF Score™ of 36/100 and a GF Value™ of HK$0.10 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,678 Real Estate companies, Lvgem (China) Real Estate Investment Co ranks better than 93.21% 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 -3.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Lvgem (China) Real Estate Investment Co's Beneish M-Score or its related term are showing as below:

HKSE:00095' s Beneish M-Score Range Over the Past 10 Years
Min: -3.58   Med: -2.24   Max: 3.7
Current: -3.58

During the past 13 years, the highest Beneish M-Score of Lvgem (China) Real Estate Investment Co was 3.70. The lowest was -3.58. And the median was -2.24.

Lvgem (China) Real Estate Investment Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Lvgem (China) Real Estate Investment Co'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.

Lvgem (China) Real Estate Investment Co Beneish M-Score Chart

Lvgem (China) Real Estate Investment Co 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 -2.76 3.70 -1.28 -3.50 -3.58

Lvgem (China) Real Estate Investment Co 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 -1.28 0.00 -3.50 0.00 -3.58

Lvgem (China) Real Estate Investment Co Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Lvgem (China) Real Estate Investment Co'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.

Lvgem (China) Real Estate Investment Co Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Lvgem (China) Real Estate Investment Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Lvgem (China) Real Estate Investment Co's Beneish M-Score falls into.


HKSE:00095
36GF Score
Lvgem (China) Real Estate Investment Co Ltd HKSE:00095
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Lvgem (China) Real Estate Investment Co 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 Lvgem (China) Real Estate Investment Co 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 * 1.3647+0.528 * 0.4381+0.404 * 0.9307+0.892 * 0.5199+0.115 * 1.17
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.841+4.679 * -0.110735-0.327 * 1.1134
=-3.58

* 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$292 Mil.
Revenue was HK$2,061 Mil.
Gross Profit was HK$1,036 Mil.
Total Current Assets was HK$68,052 Mil.
Total Assets was HK$107,513 Mil.
Property, Plant and Equipment(Net PPE) was HK$666 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$43 Mil.
Selling, General, & Admin. Expense(SGA) was HK$628 Mil.
Total Current Liabilities was HK$69,811 Mil.
Long-Term Debt & Capital Lease Obligation was HK$2,338 Mil.
Net Income was HK$-9,716 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$2,189 Mil.
 Total Receivables was HK$412 Mil.
Revenue was HK$3,965 Mil.
Gross Profit was HK$873 Mil.
Total Current Assets was HK$66,862 Mil.
Total Assets was HK$110,597 Mil.
Property, Plant and Equipment(Net PPE) was HK$854 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$65 Mil.
Selling, General, & Admin. Expense(SGA) was HK$656 Mil.
Total Current Liabilities was HK$63,464 Mil.
Long-Term Debt & Capital Lease Obligation was HK$3,193 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)
=(291.976 / 2061.456) / (411.543 / 3965.213)
=0.141636 / 0.103788
=1.3647

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)
=(873.414 / 3965.213) / (1036.485 / 2061.456)
=0.220269 / 0.502793
=0.4381

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 - (68051.568 + 666.334) / 107513.13) / (1 - (66862.343 + 853.549) / 110596.601)
=0.360842 / 0.387722
=0.9307

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
=2061.456 / 3965.213
=0.5199

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))
=(65.462 / (65.462 + 853.549)) / (43.198 / (43.198 + 666.334))
=0.071231 / 0.060882
=1.17

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)
=(628.024 / 2061.456) / (656.177 / 3965.213)
=0.304651 / 0.165483
=1.841

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)
=((2338.229 + 69811.205) / 107513.13) / ((3193.201 + 63463.565) / 110596.601)
=0.671076 / 0.602702
=1.1134

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
=(-9716.156 - 0 - 2189.351) / 107513.13
=-0.110735

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.

Lvgem (China) Real Estate Investment Co has a M-score of -3.58 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 -3.58 mean?
Lvgem (China) Real Estate Investment Co (HKSE:00095) has a Beneish M-Score of -3.58 as of Aug. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lvgem (China) Real Estate Investment Co and its competitors. According to the industry distribution chart, Lvgem (China) Real Estate Investment Co ranks #114 out of 1678 companies in the Real Estate industry, placing it in the top 6.8%.
Is Lvgem (China) Real Estate Investment Co's Beneish M-Score too high?
Lvgem (China) Real Estate Investment Co's current Beneish M-Score is -3.58. Based on the distribution chart, Lvgem (China) Real Estate Investment Co ranks #114 out of 1678 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Lvgem (China) Real Estate Investment Co has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lvgem (China) Real Estate Investment Co's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Lvgem (China) Real Estate Investment Co ranks #114 out of 1678 companies for Beneish M-Score. This places Lvgem (China) Real Estate Investment Co in the top 7% of its industry — outperforming the majority of peers. 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 Lvgem (China) Real Estate Investment Co and its competitors. Lvgem (China) Real Estate Investment Co's current Beneish M-Score is -3.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lvgem (China) Real Estate Investment Co stock overvalued right now?
Based on GuruFocus' analysis, Lvgem (China) Real Estate Investment Co (HKSE:00095) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.10, compared to a current price of HK$0.19 — trading 90% above its estimated fair value. The current Beneish M-Score is -3.58. Lvgem (China) Real Estate Investment Co's overall GF Score™ is 36/100 with 8 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 Lvgem (China) Real Estate Investment Co (HKSE:00095), the current Beneish M-Score is -3.58 as of Aug. 29, 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 Lvgem (China) Real Estate Investment Co (HKSE:00095) Overvalued in 2026?

Based on GuruFocus' analysis, Lvgem (China) Real Estate Investment Co stock appears to be overvalued. The current stock price of HK$0.19 is trading 90% above its estimated GF Value™ of HK$0.10. GuruFocus considers Lvgem (China) Real Estate Investment Co to be Significantly Overvalued.

Key valuation signals for HKSE:00095:

  • Beneish M-Score: -3.58
  • GF Value™: HK$0.10 vs. price of HK$0.19 (90% above fair value)
  • GF Score™: 36/100 with 8 warning signs

No single metric tells the full story. See the HKSE:00095 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lvgem (China) Real Estate Investment Co Business Description

Address 123 Hoi Bun Road, Unit 2501, NEO, Kwun Tong, Kowloon, Hong Kong, HKG
Lvgem (China) Real Estate Investment Co Ltd is a real estate developer and a commercial property operator. Its reportable segments are: Real estate development and sales, Commercial property investment and operations, and Comprehensive services. Maximum revenue is generated from the Real estate development and sales segment, which generates revenue from the sales of properties by actively participating in urban renewal residential, and commercial property projects in the Pearl River Delta region, especially in Shenzhen, China. The Commercial property investment and operations segment includes the lease of commercial properties, office premises, apartments, and car parks; and the Comprehensive services segment comprises hotel operation, property management, and other services.
36GF Score

Get the complete analysis for HKSE:00095

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

HK$0.19
Price
HK$0.10
GF Value