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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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Chinney Alliance Group's Beneish M-Score or its related term are showing as below:
HKSE:00385'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.65 Med: -2.22 Max: -1.44
Current: -2.64
During the past 13 years, the highest Beneish M-Score of Chinney Alliance Group was -1.44. The lowest was -2.65. And the median was -2.22.
Chinney Alliance Group Beneish M-Score Related Terms
Chinney Alliance Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Chinney Alliance 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:00385 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Chinney Alliance 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.
Chinney Alliance Group Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Chinney Alliance Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chinney Alliance Group's Beneish M-Score falls into.
Chinney Alliance 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 Chinney Alliance 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 * 1.1535
+
0.528 * 0.8567
+
0.404 * 1.0672
+
0.892 * 0.8447
+
0.115 * 1.1151
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.288
+
4.679 * -0.018653
-
0.327 * 0.9771
=
-2.64
* 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))
=
(124.532 / (124.532 + 949.011))
/
(105.224 / (105.224 + 906.274))
=
0.116001
/
0.104028
=
1.1151
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
=
(-2.991 - 0
-
105.003)
/
5789.699
=
-0.018653
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.
Chinney Alliance Group has a M-score of -2.64 suggests that the company is unlikely to be a manipulator.
Chinney Alliance Group (HKSE:00385) has a Beneish M-Score of -2.64 as of Aug. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chinney Alliance Group and its competitors. According to the industry distribution chart, Chinney Alliance Group ranks #628 out of 1707 companies in the Construction industry, placing it in the top 36.8%.
Is Chinney Alliance Group's Beneish M-Score too high?
Chinney Alliance Group's current Beneish M-Score is -2.64. Based on the distribution chart, Chinney Alliance Group ranks #628 out of 1707 companies in the Construction industry, which is above the industry midpoint. Overall, Chinney Alliance Group has a GF Score™ of 40/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chinney Alliance Group's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Chinney Alliance Group ranks #628 out of 1707 companies for Beneish M-Score. This puts Chinney Alliance Group 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Chinney Alliance Group and its competitors. Chinney Alliance Group's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chinney Alliance Group stock overvalued right now?
Based on GuruFocus' analysis, Chinney Alliance Group (HKSE:00385) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.39, compared to a current price of HK$0.25 — trading 35.9% below its estimated fair value. The current Beneish M-Score is -2.64. Chinney Alliance Group's overall GF Score™ is 40/100 with 6 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 Chinney Alliance Group (HKSE:00385), the current Beneish M-Score is -2.64 as of Aug. 18, 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 Chinney Alliance Group (HKSE:00385) Overvalued in 2026?
Based on GuruFocus' analysis, Chinney Alliance Group stock appears to be undervalued.
The current stock price of HK$0.25 is trading 35.9% below its estimated GF Value™ of HK$0.39.
GuruFocus considers Chinney Alliance Group to be Significantly Undervalued.
Key valuation signals for HKSE:00385:
Beneish M-Score: -2.64
GF Value™: HK$0.39 vs. price of HK$0.25 (35.9% below fair value)
No single metric tells the full story. See the HKSE:00385 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chinney Alliance Group Ltd is engaged in trading of plastic and chemical products, provision of building related contracting services for both public and private sectors, including engineering contracting services in the air-conditioning industry and provision of maintenance services, superstructure construction works for both public and private sectors in Hong Kong and Macau, foundation piling, and drilling and site investigation for both public and private sectors in Hong Kong and Macau, distribution and installation of aviation system and other products, and property holding and development and investment holding. It derives revenue from the building-related contracting services segment, which consists of the provision of contracting services for both public and private sectors.
40GF Score
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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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