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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 -3.33 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Eternity Investment's Beneish M-Score or its related term are showing as below:
HKSE:00764'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.64 Med: -3.1 Max: 2.27
Current: -3.33
During the past 13 years, the highest Beneish M-Score of Eternity Investment was 2.27. The lowest was -3.64. And the median was -3.10.
Eternity Investment Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Eternity Investment'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:00764 vs MMM, HON: Beneish M-Score Comparison
For the Conglomerates subindustry, Eternity Investment'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.
Eternity Investment Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Eternity Investment's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Eternity Investment'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 Eternity Investment 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 * 0.9378
+
0.528 * 0.9082
+
0.404 * 0.955
+
0.892 * 1.0469
+
0.115 * 0.9533
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8802
+
4.679 * -0.157547
-
0.327 * 1.1543
=
-3.33
* 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))
=
(49.733 / (49.733 + 1105.85))
/
(47.104 / (47.104 + 996.294))
=
0.043037
/
0.045145
=
0.9533
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
=
(-343.216 - 0
-
24.511)
/
2334.076
=
-0.157547
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.
Eternity Investment has a M-score of -3.33 suggests that the company is unlikely to be a manipulator.
Eternity Investment (HKSE:00764) has a Beneish M-Score of -3.33 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eternity Investment and its competitors. According to the industry distribution chart, Eternity Investment ranks #35 out of 526 companies in the Conglomerates industry, placing it in the top 6.7%.
Is Eternity Investment's Beneish M-Score too high?
Eternity Investment's current Beneish M-Score is -3.33. Based on the distribution chart, Eternity Investment ranks #35 out of 526 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Eternity Investment has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Eternity Investment's Beneish M-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Eternity Investment ranks #35 out of 526 companies for Beneish M-Score. This places Eternity Investment in the top 7% 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 Eternity Investment and its competitors. Eternity Investment's current Beneish M-Score is -3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eternity Investment stock overvalued right now?
Based on GuruFocus' analysis, Eternity Investment (HKSE:00764) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.83, compared to a current price of HK$0.27 — trading 67.5% below its estimated fair value. The current Beneish M-Score is -3.33. Eternity Investment's overall GF Score™ is 30/100 with 3 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 Eternity Investment (HKSE:00764), the current Beneish M-Score is -3.33 as of Aug. 10, 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 Eternity Investment (HKSE:00764) Overvalued in 2026?
Based on GuruFocus' analysis, Eternity Investment stock appears to be undervalued.
The current stock price of HK$0.27 is trading 67.5% below its estimated GF Value™ of HK$0.83.
GuruFocus considers Eternity Investment to be Possible Value Trap.
Key valuation signals for HKSE:00764:
Beneish M-Score: -3.33
GF Value™: HK$0.83 vs. price of HK$0.27 (67.5% below fair value)
No single metric tells the full story. See the HKSE:00764 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eternity Investment Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the sale of financial assets, property investment, money lending, design and sale of jewelry products, and operation of a golf course in the People's Republic of China (PRC). These business activities are also classified as its operating segments. The majority of the Group's revenue comes from the golf club operations business in China, which mainly derives income from membership, golf club operation, and food and beverage operation. Geographically, it generates maximum revenue from the PRC, and the rest from Hong Kong, Asia, Australia, Europe, North America, and the Middle East.
30GF 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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