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VongroupHKSE:00318 48 Beneish M-Score is -2.20 as of Aug. 19, 2026. GuruFocus rates HKSE:00318 with a GF Score™ of 48/100 and a GF Value™ of HK$0.29 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,635 Software companies, Vongroup ranks worse than 68.84% 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 Vongroup's Beneish M-Score or its related term are showing as below:
HKSE:00318'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.68 Med: -1.96 Max: -1.11
Current: -2.2
During the past 13 years, the highest Beneish M-Score of Vongroup was -1.11. The lowest was -2.68. And the median was -1.96.
The historical data trend for Vongroup'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:00318 vs IBM, ACN, FISV: Beneish M-Score Comparison
For the Information Technology Services subindustry, Vongroup'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.
Vongroup Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Vongroup's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Vongroup'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 Vongroup 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 * 1.1185
+
0.528 * 0.9983
+
0.404 * 0.9369
+
0.892 * 1.0419
+
0.115 * 0.9792
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9215
+
4.679 * 0.020533
-
0.327 * 0.8427
=
-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))
=
(10.956 / (10.956 + 9.97))
/
(10.955 / (10.955 + 9.533))
=
0.523559
/
0.534703
=
0.9792
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
=
(10.524 - 0
-
-2.307)
/
624.905
=
0.020533
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.
Vongroup has a M-score of -2.20 suggests that the company is unlikely to be a manipulator.
Vongroup (HKSE:00318) has a Beneish M-Score of -2.20 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Vongroup and its competitors. According to the industry distribution chart, Vongroup ranks #1814 out of 2635 companies in the Software industry, placing it in the top 68.8%.
Is Vongroup's Beneish M-Score too high?
Vongroup's current Beneish M-Score is -2.20. Based on the distribution chart, Vongroup ranks #1814 out of 2635 companies in the Software industry, which is below the industry midpoint. Overall, Vongroup has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vongroup's Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, Vongroup ranks #1814 out of 2635 companies for Beneish M-Score. This places Vongroup 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 Software company?
A good Beneish M-Score depends on the Software 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 Vongroup and its competitors. Vongroup'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 Vongroup stock overvalued right now?
Based on GuruFocus' analysis, Vongroup (HKSE:00318) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.29, compared to a current price of HK$0.89 — trading 206.9% above its estimated fair value. The current Beneish M-Score is -2.20. Vongroup's overall GF Score™ is 48/100 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 Vongroup (HKSE:00318), the current Beneish M-Score is -2.20 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 Vongroup (HKSE:00318) Overvalued in 2026?
Based on GuruFocus' analysis, Vongroup stock appears to be overvalued.
The current stock price of HK$0.89 is trading 206.9% above its estimated GF Value™ of HK$0.29.
GuruFocus considers Vongroup to be Significantly Overvalued.
Key valuation signals for HKSE:00318:
Beneish M-Score: -2.20
GF Value™: HK$0.29 vs. price of HK$0.89 (206.9% above fair value)
No single metric tells the full story. See the HKSE:00318 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vongroup Ltd is an investment holding company and the operating segment includes Financial, Property, and Technology. The majority of the revenue is generated from the Technology segment which is engaged in the business paradigms such as fintech, cloud, distance business, and virtual technologies. It helps clients to analyze, design, develop, operate, and maintain integrated e-commerce and other online commercials, educational, and biotech platforms and products. Its geographical segments include Hong Kong, the People's Republic of China, and Macau, out of which the majority of revenue comes from Hong Kong.
48GF Score
Get the complete analysis for HKSE:00318
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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