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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 -3.89 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Huajun Group's Beneish M-Score or its related term are showing as below:
HKSE:00377'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.58 Med: -2.27 Max: 0.38
Current: -3.89
During the past 13 years, the highest Beneish M-Score of China Huajun Group was 0.38. The lowest was -9.58. And the median was -2.27.
China Huajun Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for China Huajun 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:00377 vs LIN, SHW, ECL: Beneish M-Score Comparison
For the Specialty Chemicals subindustry, China Huajun 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.
China Huajun Group Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, China Huajun Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Huajun 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 China Huajun 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 * 0.5574
+
0.528 * -0.1569
+
0.404 * 0.4237
+
0.892 * 1.2217
+
0.115 * 1.094
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9286
+
4.679 * -0.056235
-
0.327 * 1.3603
=
-3.89
* 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))
=
(85.426 / (85.426 + 1466.256))
/
(66.329 / (66.329 + 1251.677))
=
0.055054
/
0.050325
=
1.094
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
=
(-258.614 - 0
-
-68.164)
/
3386.664
=
-0.056235
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.
China Huajun Group has a M-score of -3.89 suggests that the company is unlikely to be a manipulator.
China Huajun Group (HKSE:00377) has a Beneish M-Score of -3.89 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Huajun Group and its competitors. According to the industry distribution chart, China Huajun Group ranks #52 out of 1538 companies in the Chemicals industry, placing it in the top 3.4%.
Is China Huajun Group's Beneish M-Score too high?
China Huajun Group's current Beneish M-Score is -3.89. Based on the distribution chart, China Huajun Group ranks #52 out of 1538 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, China Huajun Group has a GF Score™ of 7/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Huajun Group's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, China Huajun Group ranks #52 out of 1538 companies for Beneish M-Score. This places China Huajun Group in the top 3% of its industry — outperforming the majority of peers. 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 China Huajun Group and its competitors. China Huajun Group's current Beneish M-Score is -3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Huajun Group stock overvalued right now?
Based on GuruFocus' analysis, China Huajun Group (HKSE:00377) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.90, compared to a current price of HK$4.20 — trading 366.7% above its estimated fair value. The current Beneish M-Score is -3.89. China Huajun Group's overall GF Score™ is 7/100 with 4 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 China Huajun Group (HKSE:00377), the current Beneish M-Score is -3.89 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.
Is China Huajun Group (HKSE:00377) Overvalued in 2026?
Based on GuruFocus' analysis, China Huajun Group stock appears to be overvalued.
The current stock price of HK$4.20 is trading 366.7% above its estimated GF Value™ of HK$0.90.
GuruFocus considers China Huajun Group to be Significantly Overvalued.
Key valuation signals for HKSE:00377:
Beneish M-Score: -3.89
GF Value™: HK$0.90 vs. price of HK$4.20 (366.7% above fair value)
No single metric tells the full story. See the HKSE:00377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Huajun Group Ltd is an investment holding company. It operates in three segments: Printing, Trading & Logistics, Property Development & Investments. The majority of its revenue comes from Trading & Logistics segment, which is involved in Trading, logistics and supply chain management. Its geographical segments are PRC, the United States, Hong Kong, European countries, and other countries, of which the PRC accounts for the vast majority of its revenue.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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