Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -3.17 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Gemini Investments (Holdings)'s Beneish M-Score or its related term are showing as below:
HKSE:00174'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.36 Med: -1.69 Max: 5.86
Current: -3.17
During the past 13 years, the highest Beneish M-Score of Gemini Investments (Holdings) was 5.86. The lowest was -3.36. And the median was -1.69.
* 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.
HKSE:00174 vs CBRE, BEKE, JLL: Beneish M-Score Comparison
For the Real Estate Services subindustry, Gemini Investments (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.
Gemini Investments (Holdings) Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Gemini Investments (Holdings)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Gemini Investments (Holdings)'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 Gemini Investments (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 * 0.9359
+
0.528 * 0.9072
+
0.404 * 1.0101
+
0.892 * 0.7538
+
0.115 * 0.7965
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.4223
+
4.679 * -0.059701
-
0.327 * 0.9589
=
-3.17
* 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))
=
(12.997 / (12.997 + 237.771))
/
(15.397 / (15.397 + 221.208))
=
0.051829
/
0.065075
=
0.7965
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
=
(-293.691 - 0
-
252.255)
/
9144.646
=
-0.059701
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.
Gemini Investments (Holdings) has a M-score of -3.17 suggests that the company is unlikely to be a manipulator.
Gemini Investments (Holdings) (HKSE:00174) has a Beneish M-Score of -3.17 as of Aug. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gemini Investments (Holdings) and its competitors. According to the industry distribution chart, Gemini Investments (Holdings) ranks #201 out of 1679 companies in the Real Estate industry, placing it in the top 12%.
Is Gemini Investments (Holdings)'s Beneish M-Score too high?
Gemini Investments (Holdings)'s current Beneish M-Score is -3.17. Based on the distribution chart, Gemini Investments (Holdings) ranks #201 out of 1679 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Gemini Investments (Holdings) has a GF Score™ of 37/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gemini Investments (Holdings)'s Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Gemini Investments (Holdings) ranks #201 out of 1679 companies for Beneish M-Score. This places Gemini Investments (Holdings) in the top 12% 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 Gemini Investments (Holdings) and its competitors. Gemini Investments (Holdings)'s current Beneish M-Score is -3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemini Investments (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, Gemini Investments (Holdings) (HKSE:00174) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.17 — trading 4.4% below its estimated fair value. The current Beneish M-Score is -3.17. Gemini Investments (Holdings)'s overall GF Score™ is 37/100 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 Gemini Investments (Holdings) (HKSE:00174), the current Beneish M-Score is -3.17 as of Aug. 26, 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 Gemini Investments (Holdings) (HKSE:00174) Overvalued in 2026?
Based on GuruFocus' analysis, Gemini Investments (Holdings) stock appears to be undervalued.
The current stock price of HK$0.17 is trading 4.4% below its estimated GF Value™ of HK$0.18.
GuruFocus considers Gemini Investments (Holdings) to be Fairly Valued.
Key valuation signals for HKSE:00174:
Beneish M-Score: -3.17
GF Value™: HK$0.18 vs. price of HK$0.17 (4.4% below fair value)
No single metric tells the full story. See the HKSE:00174 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gemini Investments (Holdings) Ltd is a Hong Kong-based investment holding company. Along with its subsidiaries, the company operates in the following reportable segments: Property investment in the United States of America, Property development in the U.S., Property investment in Hong Kong, Fund investments, and Securities and other investments. A majority of its revenue is generated from the Property investment in the United States of America, which generates revenue through rental income, ancillary service income from leasing of office property and residential condominiums, and management service income. Geographically, the company generates maximum revenue from the United States, and the rest from Hong Kong and other regions.
37GF Score
Get the complete analysis for HKSE:00174
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
HKSE:00174 has been successfully added to your 
