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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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Man Yue Technology Holdings's Beneish M-Score or its related term are showing as below:
HKSE:00894'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.84 Med: -2.42 Max: -2.04
Current: -2.52
During the past 13 years, the highest Beneish M-Score of Man Yue Technology Holdings was -2.04. The lowest was -2.84. And the median was -2.42.
* 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:00894 vs APH, GLW, TEL: Beneish M-Score Comparison
For the Electronic Components subindustry, Man Yue Technology 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.
Man Yue Technology Holdings Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Man Yue Technology Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Man Yue Technology Holdings's Beneish M-Score falls into.
Man Yue Technology 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 Man Yue Technology 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 * 1.0667
+
0.528 * 0.9259
+
0.404 * 0.9458
+
0.892 * 1.0235
+
0.115 * 1.0365
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9738
+
4.679 * -0.014307
-
0.327 * 1.0175
=
-2.52
* 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))
=
(73.172 / (73.172 + 656.219))
/
(76.75 / (76.75 + 716.24))
=
0.100319
/
0.096786
=
1.0365
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
=
(6.25 - 0
-
53.472)
/
3300.706
=
-0.014307
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.
Man Yue Technology Holdings has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
Man Yue Technology Holdings (HKSE:00894) has a Beneish M-Score of -2.52 as of Aug. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Man Yue Technology Holdings and its competitors. According to the industry distribution chart, Man Yue Technology Holdings ranks #980 out of 2404 companies in the Hardware industry, placing it in the top 40.8%.
Is Man Yue Technology Holdings' Beneish M-Score too high?
Man Yue Technology Holdings' current Beneish M-Score is -2.52. Based on the distribution chart, Man Yue Technology Holdings ranks #980 out of 2404 companies in the Hardware industry, which is above the industry midpoint. Overall, Man Yue Technology Holdings has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Man Yue Technology Holdings' Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Man Yue Technology Holdings ranks #980 out of 2404 companies for Beneish M-Score. This puts Man Yue Technology Holdings 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Man Yue Technology Holdings and its competitors. Man Yue Technology Holdings's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Yue Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Man Yue Technology Holdings (HKSE:00894) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.41, compared to a current price of HK$1.64 — trading 300% above its estimated fair value. The current Beneish M-Score is -2.52. Man Yue Technology Holdings' overall GF Score™ is 39/100 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 Man Yue Technology Holdings (HKSE:00894), the current Beneish M-Score is -2.52 as of Aug. 21, 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 Man Yue Technology Holdings (HKSE:00894) Overvalued in 2026?
Based on GuruFocus' analysis, Man Yue Technology Holdings stock appears to be overvalued.
The current stock price of HK$1.64 is trading 300% above its estimated GF Value™ of HK$0.41.
GuruFocus considers Man Yue Technology Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:00894:
Beneish M-Score: -2.52
GF Value™: HK$0.41 vs. price of HK$1.64 (300% above fair value)
No single metric tells the full story. See the HKSE:00894 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Man Yue Technology Holdings Ltd is an investment holding company. The principal activities of the Company and its subsidiaries are the manufacturing and trading of electronic components and raw materials. It offers products as E-Cap (SAMXON), EDLC (ANGA POW), Polymer (X-CON), MLPC (XLPC), Power Film (SAMXON) and Module (ANGA POW). The company operates in two reportable segments: manufacturing, selling and distribution of electronic components; and investments. Its geographical segments are Hong Kong, Mainland China, Taiwan, Southeast Asia, Korea, the United States, Europe, and Other countries, of which the majority of its revenue comes from Mainland China.
39GF Score
Get the complete analysis for HKSE:00894
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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