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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 -0.69 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Dongjiang Environmental Co's Beneish M-Score or its related term are showing as below:
HKSE:00895'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.15 Med: -2.35 Max: -0.69
Current: -0.69
During the past 13 years, the highest Beneish M-Score of Dongjiang Environmental Co was -0.69. The lowest was -4.15. And the median was -2.35.
* 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:00895 vs WM, RSG, WCN: Beneish M-Score Comparison
For the Waste Management subindustry, Dongjiang Environmental Co'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.
Dongjiang Environmental Co Beneish M-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Dongjiang Environmental Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dongjiang Environmental Co's Beneish M-Score falls into.
Dongjiang Environmental Co 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 Dongjiang Environmental Co 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 * 0.8151
+
0.528 * 6.223
+
0.404 * 0.9557
+
0.892 * 1.0005
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8694
+
4.679 * -0.162393
-
0.327 * 1.1304
=
-0.69
* 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))
=
(0 / (0 + 5115.199))
/
(0 / (0 + 4776.76))
=
0
/
0
=
1
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
=
(-1350.864 - 0
-
426.561)
/
10945.206
=
-0.162393
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.
Dongjiang Environmental Co has a M-score of -0.69 signals that the company is likely to be a manipulator.
Dongjiang Environmental Co (HKSE:00895) has a Beneish M-Score of -0.69 as of Aug. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dongjiang Environmental Co and its competitors. According to the industry distribution chart, Dongjiang Environmental Co ranks #207 out of 225 companies in the Waste Management industry, placing it in the top 92%.
Is Dongjiang Environmental Co's Beneish M-Score too high?
Dongjiang Environmental Co's current Beneish M-Score is -0.69. Based on the distribution chart, Dongjiang Environmental Co ranks #207 out of 225 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Dongjiang Environmental Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dongjiang Environmental Co's Beneish M-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Dongjiang Environmental Co ranks #207 out of 225 companies for Beneish M-Score. This places Dongjiang Environmental Co 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 Waste Management company?
A good Beneish M-Score depends on the Waste Management 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 Dongjiang Environmental Co and its competitors. Dongjiang Environmental Co's current Beneish M-Score is -0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dongjiang Environmental Co stock overvalued right now?
Based on GuruFocus' analysis, Dongjiang Environmental Co (HKSE:00895) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.59, compared to a current price of HK$1.65 — trading 3.8% above its estimated fair value. The current Beneish M-Score is -0.69. Dongjiang Environmental Co's overall GF Score™ is 53/100 with 7 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 Dongjiang Environmental Co (HKSE:00895), the current Beneish M-Score is -0.69 as of Aug. 14, 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 Dongjiang Environmental Co (HKSE:00895) Overvalued in 2026?
Based on GuruFocus' analysis, Dongjiang Environmental Co stock appears to be overvalued.
The current stock price of HK$1.65 is trading 3.8% above its estimated GF Value™ of HK$1.59.
GuruFocus considers Dongjiang Environmental Co to be Fairly Valued.
Key valuation signals for HKSE:00895:
Beneish M-Score: -0.69
GF Value™: HK$1.59 vs. price of HK$1.65 (3.8% above fair value)
No single metric tells the full story. See the HKSE:00895 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 9 Langshan Road, 1st Floor, 3rd Floor, North of 8th Floor, 9th-12th Floor, Dongjiang Environmental Building, North Zone of Hi-tech Industrial Park, Nanshan, Shenzhen, CHN
Dongjiang Environmental Co Ltd is an investment holding company principally engaged in waste treatment businesses. It operates in the following segments: Industrial waste recycling; Industrial waste treatment and disposal; Rare and precious metals recycling; Municipal waste treatment and disposal; Electronic waste dismantling treatment; Renewable energy utilization; Environmental engineering and services and others. It derives maximum revenue from Industrial Waste recycling segment.
53GF Score
Get the complete analysis for HKSE:00895
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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