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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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Midea Group Co's Beneish M-Score or its related term are showing as below:
HKSE:00300'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.02 Med: -2.52 Max: -1.83
Current: -2.55
During the past 13 years, the highest Beneish M-Score of Midea Group Co was -1.83. The lowest was -3.02. And the median was -2.52.
The historical data trend for Midea Group 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.
HKSE:00300 vs SN, SGI, MHK: Beneish M-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Midea Group 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.
Midea Group Co Beneish M-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Midea Group Co'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 Midea Group 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 * 1.0274
+
0.528 * 0.9962
+
0.404 * 0.8976
+
0.892 * 1.094
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9894
+
4.679 * -0.014318
-
0.327 * 1.0141
=
-2.48
* 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))
=
(0 / (0 + 52443.86))
/
(0 / (0 + 58395.28))
=
0
/
0
=
1
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
=
(49991.515 - 0
-
60642.424)
/
743888.381
=
-0.014318
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.
Midea Group Co has a M-score of -2.48 suggests that the company is unlikely to be a manipulator.
Midea Group Co (HKSE:00300) has a Beneish M-Score of -2.55 as of Aug. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Midea Group Co and its competitors. According to the industry distribution chart, Midea Group Co ranks #203 out of 422 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 48.1%.
Is Midea Group Co's Beneish M-Score too high?
Midea Group Co's current Beneish M-Score is -2.55. Based on the distribution chart, Midea Group Co ranks #203 out of 422 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Midea Group Co has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midea Group Co's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Midea Group Co ranks #203 out of 422 companies for Beneish M-Score. This puts Midea Group Co 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Midea Group Co and its competitors. Midea Group Co's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midea Group Co stock overvalued right now?
Based on GuruFocus' analysis, Midea Group Co (HKSE:00300) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$86.94, compared to a current price of HK$101.40 — trading 16.6% above its estimated fair value. The current Beneish M-Score is -2.55. Midea Group Co's overall GF Score™ is 71/100 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 Midea Group Co (HKSE:00300), the current Beneish M-Score is -2.55 as of Aug. 31, 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 Midea Group Co (HKSE:00300) Overvalued in 2026?
Based on GuruFocus' analysis, Midea Group Co stock appears to be overvalued.
The current stock price of HK$101.40 is trading 16.6% above its estimated GF Value™ of HK$86.94.
GuruFocus considers Midea Group Co to be Modestly Overvalued.
Key valuation signals for HKSE:00300:
Beneish M-Score: -2.55
GF Value™: HK$86.94 vs. price of HK$101.40 (16.6% above fair value)
No single metric tells the full story. See the HKSE:00300 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside of China.
71GF Score
Get the complete analysis for HKSE:00300
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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