Bloks Group (HKSE:00325) Beneish M-Score: -1.45 (As of Aug. 28, 2026)

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HKSE:00325 Bloks Group Ltd HKSE:00325
18 GF Score
Price HK$75.65
! 2 Warning Signs
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What is Bloks Group Beneish M-Score?

Bloks Group HKSE:00325 -0.72% 18 Beneish M-Score is -1.45 as of Aug. 28, 2026. GuruFocus rates HKSE:00325 with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 821 Travel & Leisure companies, Bloks Group ranks worse than 88.67% 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.

Warning Sign:

Beneish M-Score -1.45 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Bloks Group's Beneish M-Score or its related term are showing as below:

HKSE:00325' s Beneish M-Score Range Over the Past 10 Years
Min: -6.09   Med: -3.73   Max: -1.45
Current: -1.45

During the past 5 years, the highest Beneish M-Score of Bloks Group was -1.45. The lowest was -6.09. And the median was -3.73.

Bloks Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bloks 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.

Bloks Group Beneish M-Score Chart

Bloks Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -3.73 -6.09 -1.45

Bloks Group Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -6.09 0.00 -1.45 0.00

HKSE:00325 vs AS, HAS, LTH: Beneish M-Score Comparison

For the Leisure subindustry, Bloks 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.

Bloks Group Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bloks Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bloks Group's Beneish M-Score falls into.


HKSE:00325
18GF Score
Bloks Group Ltd HKSE:00325
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bloks Group 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 Bloks 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 * 1.8786+0.528 * 1.1236+0.404 * 0.5286+0.892 * 1.3452+0.115 * 0.7627
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.4985+4.679 * -0.063857-0.327 * 0.1522
=-1.45

* 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$298 Mil.
Revenue was HK$3,218 Mil.
Gross Profit was HK$1,507 Mil.
Total Current Assets was HK$3,933 Mil.
Total Assets was HK$4,553 Mil.
Property, Plant and Equipment(Net PPE) was HK$351 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$219 Mil.
Selling, General, & Admin. Expense(SGA) was HK$536 Mil.
Total Current Liabilities was HK$1,380 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4 Mil.
Net Income was HK$700 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$991 Mil.
 Total Receivables was HK$118 Mil.
Revenue was HK$2,393 Mil.
Gross Profit was HK$1,259 Mil.
Total Current Assets was HK$1,298 Mil.
Total Assets was HK$1,715 Mil.
Property, Plant and Equipment(Net PPE) was HK$226 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$93 Mil.
Selling, General, & Admin. Expense(SGA) was HK$799 Mil.
Total Current Liabilities was HK$3,397 Mil.
Long-Term Debt & Capital Lease Obligation was HK$27 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)
=(298.454 / 3218.438) / (118.105 / 2392.577)
=0.092733 / 0.049363
=1.8786

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)
=(1258.578 / 2392.577) / (1506.827 / 3218.438)
=0.526034 / 0.468186
=1.1236

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 - (3933.338 + 351.453) / 4553.204) / (1 - (1297.691 + 225.764) / 1714.672)
=0.05895 / 0.111518
=0.5286

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
=3218.438 / 2392.577
=1.3452

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))
=(93.471 / (93.471 + 225.764)) / (218.974 / (218.974 + 351.453))
=0.292797 / 0.383877
=0.7627

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)
=(535.65 / 3218.438) / (798.799 / 2392.577)
=0.166432 / 0.333866
=0.4985

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)
=((4.228 + 1379.69) / 4553.204) / ((26.775 + 3396.802) / 1714.672)
=0.303944 / 1.996637
=0.1522

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
=(700.105 - 0 - 990.858) / 4553.204
=-0.063857

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.

Bloks Group has a M-score of -1.45 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -1.45 mean?
Bloks Group (HKSE:00325) has a Beneish M-Score of -1.45 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bloks Group and its competitors. According to the industry distribution chart, Bloks Group ranks #728 out of 821 companies in the Travel & Leisure industry, placing it in the top 88.7%.
Is Bloks Group's Beneish M-Score too high?
Bloks Group's current Beneish M-Score is -1.45. Based on the distribution chart, Bloks Group ranks #728 out of 821 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Bloks Group has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Bloks Group's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Bloks Group ranks #728 out of 821 companies for Beneish M-Score. This places Bloks 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Bloks Group and its competitors. Bloks Group's current Beneish M-Score is -1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bloks Group stock overvalued right now?
Bloks Group (HKSE:00325) has a current Beneish M-Score of -1.45. The current Beneish M-Score is -1.45. Bloks Group's overall GF Score™ is 18/100 with 2 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 Bloks Group (HKSE:00325), the current Beneish M-Score is -1.45 as of Aug. 28, 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.

Bloks Group Business Description

Address 1016 Tianlin Road, Building 10, Minhang District, Shanghai, CHN
Bloks Group Ltd is a assembly character toys company in China. Its Bloks System that combines standardization and individuality elements to create popular and fun assembly character toys, address consumers demand for toys that recreate the essence of IP characters, and deliver the joy of assembling. It has nearly 431 SKUs available for sale, including 116 SKUs designed for children under the age of six, 295 SKUs designed for consumers between the ages of six and 16, and 20 SKUs designed or consumers over the age of 16.
18GF Score

Get the complete analysis for HKSE:00325

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

HK$75.65
Price