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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 -2.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hengxin Technology's Beneish M-Score or its related term are showing as below:
HKSE:01085'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.48 Med: -2.21 Max: 1.66
Current: -2.06
During the past 13 years, the highest Beneish M-Score of Hengxin Technology was 1.66. The lowest was -3.48. And the median was -2.21.
Hengxin Technology Beneish M-Score Related Terms
Hengxin Technology Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Hengxin Technology'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:01085 vs CSCO, CIEN, MSI: Beneish M-Score Comparison
For the Communication Equipment subindustry, Hengxin Technology'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.
Hengxin Technology Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Hengxin Technology's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hengxin Technology'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 Hengxin Technology 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 * 1.3084
+
0.528 * 0.9007
+
0.404 * 1.3414
+
0.892 * 0.9227
+
0.115 * 1.0742
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0794
+
4.679 * 0.030764
-
0.327 * 1.0696
=
-2.06
* 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))
=
(95.512 / (95.512 + 1169.148))
/
(101.744 / (101.744 + 1345.466))
=
0.075524
/
0.070304
=
1.0742
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
=
(-46.869 - 0
-
-214.316)
/
5442.948
=
0.030764
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.
Hengxin Technology has a M-score of -2.06 suggests that the company is unlikely to be a manipulator.
Hengxin Technology (HKSE:01085) has a Beneish M-Score of -2.06 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hengxin Technology and its competitors. According to the industry distribution chart, Hengxin Technology ranks #1844 out of 2405 companies in the Hardware industry, placing it in the top 76.7%.
Is Hengxin Technology's Beneish M-Score too high?
Hengxin Technology's current Beneish M-Score is -2.06. Based on the distribution chart, Hengxin Technology ranks #1844 out of 2405 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Hengxin Technology has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengxin Technology's Beneish M-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Hengxin Technology ranks #1844 out of 2405 companies for Beneish M-Score. This places Hengxin Technology 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 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 Hengxin Technology and its competitors. Hengxin Technology's current Beneish M-Score is -2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengxin Technology stock overvalued right now?
Based on GuruFocus' analysis, Hengxin Technology (HKSE:01085) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.25, compared to a current price of HK$1.71 — trading 36.8% above its estimated fair value. The current Beneish M-Score is -2.06. Hengxin Technology's overall GF Score™ is 65/100 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 Hengxin Technology (HKSE:01085), the current Beneish M-Score is -2.06 as of Jul. 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 Hengxin Technology (HKSE:01085) Overvalued in 2026?
Based on GuruFocus' analysis, Hengxin Technology stock appears to be overvalued.
The current stock price of HK$1.71 is trading 36.8% above its estimated GF Value™ of HK$1.25.
GuruFocus considers Hengxin Technology to be Significantly Overvalued.
Key valuation signals for HKSE:01085:
Beneish M-Score: -2.06
GF Value™: HK$1.25 vs. price of HK$1.71 (36.8% above fair value)
No single metric tells the full story. See the HKSE:01085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengxin Technology Ltd is an investment holding company. Along with its subsidiaries are engaged in the chips research, design, sales and supply chain services, semiconductor, intellectual property authorization business, and digital security products and services; the supply of electricity with a focus on the production and sales of solar power as well as the provision of development consultation and technical services of the solar thermal power generation technology; & research, design, development & manufacture of telecommunications & technological products, production of radio frequency coaxial cables for mobile communications & mobile communications systems exchange equipment. It has three segments: Integrated circuits & digital technology, New energy & services, & Telecommunications.
65GF Score
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