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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.
Warning Sign:
Beneish M-Score -1.37 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Greenland Hong Kong Holdings's Beneish M-Score or its related term are showing as below:
HKSE:00337'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.82 Med: -1.98 Max: -1.05
Current: -1.37
During the past 13 years, the highest Beneish M-Score of Greenland Hong Kong Holdings was -1.05. The lowest was -2.82. And the median was -1.98.
* 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.
Greenland Hong Kong Holdings Beneish M-Score Chart
Greenland Hong Kong Holdings Beneish M-Score Competitor Comparison
For the Real Estate - Development subindustry, Greenland Hong Kong 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.
Greenland Hong Kong Holdings Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Greenland Hong Kong Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Greenland Hong Kong Holdings's Beneish M-Score falls into.
Greenland Hong Kong Holdings 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 Greenland Hong Kong 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 * 1.4298
+
0.528 * 3.1929
+
0.404 * 0.9619
+
0.892 * 0.8346
+
0.115 * 0.7623
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9178
+
4.679 * -0.056069
-
0.327 * 1.0177
=
-1.37
* 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))
=
(66.165 / (66.165 + 2820.381))
/
(101.501 / (101.501 + 3274.183))
=
0.022922
/
0.030068
=
0.7623
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
=
(-2424.087 - 0
-
4291.349)
/
119771.344
=
-0.056069
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.
Greenland Hong Kong Holdings has a M-score of -1.37 signals that the company is likely to be a manipulator.
Greenland Hong Kong Holdings (HKSE:00337) has a Beneish M-Score of -1.37 as of Aug. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Greenland Hong Kong Holdings and its competitors. According to the industry distribution chart, Greenland Hong Kong Holdings ranks #1381 out of 1681 companies in the Real Estate industry, placing it in the top 82.2%.
Is Greenland Hong Kong Holdings' Beneish M-Score too high?
Greenland Hong Kong Holdings' current Beneish M-Score is -1.37. Based on the distribution chart, Greenland Hong Kong Holdings ranks #1381 out of 1681 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Greenland Hong Kong Holdings has a GF Score™ of 36/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Greenland Hong Kong Holdings' Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Greenland Hong Kong Holdings ranks #1381 out of 1681 companies for Beneish M-Score. This places Greenland Hong Kong Holdings 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 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 Greenland Hong Kong Holdings and its competitors. Greenland Hong Kong Holdings's current Beneish M-Score is -1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenland Hong Kong Holdings stock overvalued right now?
Based on GuruFocus' analysis, Greenland Hong Kong Holdings (HKSE:00337) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.14, compared to a current price of HK$0.13 — trading 7.9% below its estimated fair value. The current Beneish M-Score is -1.37. Greenland Hong Kong Holdings' overall GF Score™ is 36/100 with 5 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 Greenland Hong Kong Holdings (HKSE:00337), the current Beneish M-Score is -1.37 as of Aug. 07, 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 Greenland Hong Kong Holdings (HKSE:00337) Overvalued in 2026?
Based on GuruFocus' analysis, Greenland Hong Kong Holdings stock appears to be undervalued.
The current stock price of HK$0.13 is trading 7.9% below its estimated GF Value™ of HK$0.14.
GuruFocus considers Greenland Hong Kong Holdings to be Fairly Valued.
Key valuation signals for HKSE:00337:
Beneish M-Score: -1.37
GF Value™: HK$0.14 vs. price of HK$0.13 (7.9% below fair value)
No single metric tells the full story. See the HKSE:00337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Greenland Hong Kong Holdings Ltd is an investment holding company. The principal activities of its subsidiaries are the development, sale, and rental of properties and related services and the operation of hotels in the People's Republic of China. The Group has four reportable segments: Sales of properties, Lease of properties, Hotel and related services, and Property management and other services. The majority is from the Sales of properties segment, which includes the development and sales of residential properties. Geographically, the Group mainly operates in the PRC.
36GF Score
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