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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 -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Chaowei Power Holdings's Beneish M-Score or its related term are showing as below:
HKSE:00951'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.39 Med: -2.5 Max: -1.81
Current: -2.3
During the past 13 years, the highest Beneish M-Score of Chaowei Power Holdings was -1.81. The lowest was -3.39. And the median was -2.50.
Chaowei Power Holdings Beneish M-Score Related Terms
Chaowei Power Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Chaowei Power Holdings'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:00951 vs ORLY, AZO: Beneish M-Score Comparison
For the Auto Parts subindustry, Chaowei Power 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.
Chaowei Power Holdings Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Chaowei Power Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chaowei Power Holdings's Beneish M-Score falls into.
Chaowei Power 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 Chaowei Power 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 * 1.0573
+
0.528 * 1.0312
+
0.404 * 1.1033
+
0.892 * 1.1181
+
0.115 * 1.0923
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9207
+
4.679 * -0.012764
-
0.327 * 1.0014
=
-2.30
* 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))
=
(719.224 / (719.224 + 5908.743))
/
(637.537 / (637.537 + 5780.116))
=
0.108514
/
0.099341
=
1.0923
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
=
(398.714 - 0
-
749.652)
/
27494.64
=
-0.012764
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.
Chaowei Power Holdings has a M-score of -2.30 suggests that the company is unlikely to be a manipulator.
Chaowei Power Holdings (HKSE:00951) has a Beneish M-Score of -2.30 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chaowei Power Holdings and its competitors. According to the industry distribution chart, Chaowei Power Holdings ranks #889 out of 1276 companies in the Vehicles & Parts industry, placing it in the top 69.7%.
Is Chaowei Power Holdings' Beneish M-Score too high?
Chaowei Power Holdings' current Beneish M-Score is -2.30. Based on the distribution chart, Chaowei Power Holdings ranks #889 out of 1276 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Chaowei Power Holdings has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chaowei Power Holdings' Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Chaowei Power Holdings ranks #889 out of 1276 companies for Beneish M-Score. This places Chaowei Power Holdings 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Chaowei Power Holdings and its competitors. Chaowei Power Holdings's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chaowei Power Holdings stock overvalued right now?
Based on GuruFocus' analysis, Chaowei Power Holdings (HKSE:00951) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$2.06, compared to a current price of HK$1.28 — trading 37.9% below its estimated fair value. The current Beneish M-Score is -2.30. Chaowei Power Holdings' overall GF Score™ is 82/100 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 Chaowei Power Holdings (HKSE:00951), the current Beneish M-Score is -2.30 as of Aug. 19, 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 Chaowei Power Holdings (HKSE:00951) Overvalued in 2026?
Based on GuruFocus' analysis, Chaowei Power Holdings stock appears to be undervalued.
The current stock price of HK$1.28 is trading 37.9% below its estimated GF Value™ of HK$2.06.
GuruFocus considers Chaowei Power Holdings to be Significantly Undervalued.
Key valuation signals for HKSE:00951:
Beneish M-Score: -2.30
GF Value™: HK$2.06 vs. price of HK$1.28 (37.9% below fair value)
No single metric tells the full story. See the HKSE:00951 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chaowei Power Holdings Ltd, along with its subsidiaries, is principally engaged in the manufacturing and sales of lead-acid motive batteries, lithium-ion batteries, and other related products, which are widely used in electric bikes, electric tricycles, and special-purpose electric vehicles. All its products are manufactured and sold under the Chilwee brand and trademark. Geographically, the Group generates the majority of its revenue from the People's Republic of China (PRC).
82GF Score
Get the complete analysis for HKSE:00951
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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