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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 -2.01 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Wei Yuan Holdings's Beneish M-Score or its related term are showing as below:
HKSE:01343'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.33 Med: -2.89 Max: 0.1
Current: -2.01
During the past 10 years, the highest Beneish M-Score of Wei Yuan Holdings was 0.10. The lowest was -3.33. And the median was -2.89.
The historical data trend for Wei Yuan 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:01343 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Wei Yuan 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.
Wei Yuan Holdings Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Wei Yuan Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Wei Yuan Holdings'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 Wei Yuan 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 * 1.228
+
0.528 * 0.8801
+
0.404 * 0.9755
+
0.892 * 1.0628
+
0.115 * 1.5374
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9574
+
4.679 * 0.055787
-
0.327 * 1.173
=
-2.01
* 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))
=
(37.652 / (37.652 + 132.304))
/
(43.917 / (43.917 + 260.859))
=
0.22154
/
0.144096
=
1.5374
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
=
(28.912 - 0
-
-14.794)
/
783.451
=
0.055787
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.
Wei Yuan Holdings has a M-score of -2.01 suggests that the company is unlikely to be a manipulator.
Wei Yuan Holdings (HKSE:01343) has a Beneish M-Score of -2.01 as of Aug. 22, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Wei Yuan Holdings and its competitors. According to the industry distribution chart, Wei Yuan Holdings ranks #1287 out of 1706 companies in the Construction industry, placing it in the top 75.4%.
Is Wei Yuan Holdings' Beneish M-Score too high?
Wei Yuan Holdings' current Beneish M-Score is -2.01. Based on the distribution chart, Wei Yuan Holdings ranks #1287 out of 1706 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Wei Yuan Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wei Yuan Holdings' Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Wei Yuan Holdings ranks #1287 out of 1706 companies for Beneish M-Score. This places Wei Yuan 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Wei Yuan Holdings and its competitors. Wei Yuan Holdings's current Beneish M-Score is -2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wei Yuan Holdings stock overvalued right now?
Based on GuruFocus' analysis, Wei Yuan Holdings (HKSE:01343) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.09, compared to a current price of HK$0.13 — trading 45.6% above its estimated fair value. The current Beneish M-Score is -2.01. Wei Yuan Holdings' overall GF Score™ is 63/100 with 3 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 Wei Yuan Holdings (HKSE:01343), the current Beneish M-Score is -2.01 as of Aug. 22, 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 Wei Yuan Holdings (HKSE:01343) Overvalued in 2026?
Based on GuruFocus' analysis, Wei Yuan Holdings stock appears to be overvalued.
The current stock price of HK$0.13 is trading 45.6% above its estimated GF Value™ of HK$0.09.
GuruFocus considers Wei Yuan Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01343:
Beneish M-Score: -2.01
GF Value™: HK$0.09 vs. price of HK$0.13 (45.6% above fair value)
No single metric tells the full story. See the HKSE:01343 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wei Yuan Holdings Ltd, along with its subsidiaries, operates as a contractor or subcontractor in both the private and public sector civil engineering utilities works. The Group is engaged in contract works about the installation of power cables, telecommunication cables (including ISP works and OSP works), and sewerage pipelines by applying methods such as open-cut excavation or trenchless methods. Additionally, it offers road milling and resurfacing, ancillary and other support services, and sells goods and milled waste. Geographically, the Group's revenue from operations is solely derived from contract works rendered within Singapore.
63GF Score
Get the complete analysis for HKSE:01343
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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