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WH GroupHKSE:00288 -0.96%84 Beneish M-Score is -2.20 as of Jul. 21, 2026. GuruFocus rates HKSE:00288 with a GF Score™ of 84/100 and a GF Value™ of HK$6.18 (Significantly Overvalued). Among 1,851 Consumer Packaged Goods companies, WH Group ranks worse than 71.53% 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 -2.2 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for WH Group's Beneish M-Score or its related term are showing as below:
HKSE:00288'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.94 Med: -2.59 Max: -2.2
Current: -2.2
During the past 13 years, the highest Beneish M-Score of WH Group was -2.20. The lowest was -2.94. And the median was -2.59.
WH Group Beneish M-Score Related Terms
WH Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for WH Group'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.
HKSE:00288 vs KHC, GIS: Beneish M-Score Comparison
For the Packaged Foods subindustry, WH Group'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.
WH Group Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, WH Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where WH Group'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 WH Group 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 * 1.3625
+
0.528 * 1.1265
+
0.404 * 0.9607
+
0.892 * 1.0814
+
0.115 * 1.029
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9061
+
4.679 * -0.04377
-
0.327 * 0.9758
=
-2.20
* 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))
=
(5620.168 / (5620.168 + 54413.8))
/
(5687.765 / (5687.765 + 56830.963))
=
0.093616
/
0.090977
=
1.029
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
=
(12192.514 - 0
-
19654.301)
/
170477.328
=
-0.04377
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.
WH Group has a M-score of -2.20 suggests that the company is unlikely to be a manipulator.
WH Group (HKSE:00288) has a Beneish M-Score of -2.20 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on WH Group and its competitors. According to the industry distribution chart, WH Group ranks #1324 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 71.5%.
Is WH Group's Beneish M-Score too high?
WH Group's current Beneish M-Score is -2.20. Based on the distribution chart, WH Group ranks #1324 out of 1851 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, WH Group has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WH Group's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, WH Group ranks #1324 out of 1851 companies for Beneish M-Score. This places WH Group 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 a Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 WH Group and its competitors. WH Group's current Beneish M-Score is -2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WH Group stock overvalued right now?
Based on GuruFocus' analysis, WH Group (HKSE:00288) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$6.18, compared to a current price of HK$8.23 — trading 33.2% above its estimated fair value. The current Beneish M-Score is -2.20. WH Group's overall GF Score™ is 84/100. 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 WH Group (HKSE:00288), the current Beneish M-Score is -2.20 as of Jul. 21, 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 WH Group (HKSE:00288) Overvalued in 2026?
Based on GuruFocus' analysis, WH Group stock appears to be overvalued.
The current stock price of HK$8.23 is trading 33.2% above its estimated GF Value™ of HK$6.18.
GuruFocus considers WH Group to be Significantly Overvalued.
Key valuation signals for HKSE:00288:
Beneish M-Score: -2.20
GF Value™: HK$6.18 vs. price of HK$8.23 (33.2% above fair value)
No single metric tells the full story. See the HKSE:00288 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WH Group is a holding company and the world's largest vertically integrated producer of pork and related packaged meat products. Its revenue is mainly derived from activities undertaken by its China and US operations, which are respectively via 70.3%-owned Henan Shuanghui Investment & Development Company and wholly owned Smithfield Foods Inc. In the US, its key packaged meats brands, in which it has a 6% market share, include Nathan's hot dogs, Armour, John Morrell, and Curly's, while in China, products are mainly under the Shuanghui brand, where it also has a 25% market share. We expect the company's operating profit to be split almost equally between the US and China in the future with a small contribution from Europe.
84GF Score
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