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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 -3.69 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Shun Ke Long Holdings's Beneish M-Score or its related term are showing as below:
HKSE:00974'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.69 Med: -2.9 Max: -2.27
Current: -3.69
During the past 12 years, the highest Beneish M-Score of China Shun Ke Long Holdings was -2.27. The lowest was -3.69. And the median was -2.90.
* 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.
For the Grocery Stores subindustry, China Shun Ke Long 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.
China Shun Ke Long Holdings Beneish M-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, China Shun Ke Long Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Shun Ke Long Holdings's Beneish M-Score falls into.
China Shun Ke Long 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 China Shun Ke Long 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 * 0.9363
+
0.528 * 1.0336
+
0.404 * 1.4563
+
0.892 * 0.8408
+
0.115 * 1.1305
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8606
+
4.679 * -0.26803
-
0.327 * 0.9904
=
-3.69
* 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))
=
(37.541 / (37.541 + 83.531))
/
(20.683 / (20.683 + 54.726))
=
0.310072
/
0.274278
=
1.1305
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
=
(-18.754 - 0
-
51.86)
/
263.456
=
-0.26803
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.
China Shun Ke Long Holdings has a M-score of -3.69 suggests that the company is unlikely to be a manipulator.
China Shun Ke Long Holdings (HKSE:00974) has a Beneish M-Score of -3.69 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Shun Ke Long Holdings and its competitors. According to the industry distribution chart, China Shun Ke Long Holdings ranks #11 out of 296 companies in the Retail - Defensive industry, placing it in the top 3.7%.
Is China Shun Ke Long Holdings' Beneish M-Score too high?
China Shun Ke Long Holdings' current Beneish M-Score is -3.69. Based on the distribution chart, China Shun Ke Long Holdings ranks #11 out of 296 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, China Shun Ke Long Holdings has a GF Score™ of 36/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Shun Ke Long Holdings' Beneish M-Score compare to KR?
According to the Retail - Defensive industry distribution chart, China Shun Ke Long Holdings ranks #11 out of 296 companies for Beneish M-Score. This places China Shun Ke Long Holdings in the top 4% 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 China Shun Ke Long Holdings and its competitors. China Shun Ke Long Holdings's current Beneish M-Score is -3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Shun Ke Long Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Shun Ke Long Holdings (HKSE:00974) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.66, compared to a current price of HK$0.82 — trading 24.2% above its estimated fair value. The current Beneish M-Score is -3.69. China Shun Ke Long Holdings' overall GF Score™ is 36/100 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 China Shun Ke Long Holdings (HKSE:00974), the current Beneish M-Score is -3.69 as of Aug. 08, 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 China Shun Ke Long Holdings (HKSE:00974) Overvalued in 2026?
Based on GuruFocus' analysis, China Shun Ke Long Holdings stock appears to be overvalued.
The current stock price of HK$0.82 is trading 24.2% above its estimated GF Value™ of HK$0.66.
GuruFocus considers China Shun Ke Long Holdings to be Modestly Overvalued.
Key valuation signals for HKSE:00974:
Beneish M-Score: -3.69
GF Value™: HK$0.66 vs. price of HK$0.82 (24.2% above fair value)
No single metric tells the full story. See the HKSE:00974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Shun Ke Long Holdings Ltd is an investment holding company. The Company is a supermarket chain store operator with geographical focus in Guangdong province of the People's Republic of China (the PRC) and maintains both retail and wholesale distribution channels. The company operates through two segments: Retail Outlet Operation segment which includes sales of fresh food, non-staple food and household products; and Wholesale distribution which includes sales of fast consumable products and non-staple food. The majority of revenue comes from Retail Outlet Operation segment. The company generates revenue from The PRC.
36GF Score
Get the complete analysis for HKSE:00974
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