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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 -2.08 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for 361 Degrees International's Beneish M-Score or its related term are showing as below:
HKSE:01361'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.1 Med: -2.21 Max: -1.73
Current: -2.08
During the past 13 years, the highest Beneish M-Score of 361 Degrees International was -1.73. The lowest was -3.10. And the median was -2.21.
361 Degrees International Beneish M-Score Related Terms
361 Degrees International Beneish M-Score Historical Data
* 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:01361 vs NKE, DECK, ONON: Beneish M-Score Comparison
For the Footwear & Accessories subindustry, 361 Degrees International'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.
361 Degrees International Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, 361 Degrees International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where 361 Degrees International's Beneish M-Score falls into.
361 Degrees International 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 361 Degrees International 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 * 0.9804
+
0.528 * 1
+
0.404 * 1.3984
+
0.892 * 1.1448
+
0.115 * 0.6806
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9657
+
4.679 * 0.034297
-
0.327 * 0.999
=
-2.08
* 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))
=
(82.186 / (82.186 + 1131.865))
/
(139.136 / (139.136 + 1259.76))
=
0.067696
/
0.099461
=
0.6806
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
=
(1445.957 - 0
-
899.926)
/
15920.572
=
0.034297
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.
361 Degrees International has a M-score of -2.08 suggests that the company is unlikely to be a manipulator.
361 Degrees International (HKSE:01361) has a Beneish M-Score of -2.08 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on 361 Degrees International and its competitors. According to the industry distribution chart, 361 Degrees International ranks #752 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 75.2%.
Is 361 Degrees International's Beneish M-Score too high?
361 Degrees International's current Beneish M-Score is -2.08. Based on the distribution chart, 361 Degrees International ranks #752 out of 1000 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, 361 Degrees International has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 361 Degrees International's Beneish M-Score compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, 361 Degrees International ranks #752 out of 1000 companies for Beneish M-Score. This places 361 Degrees International 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 361 Degrees International and its competitors. 361 Degrees International's current Beneish M-Score is -2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 361 Degrees International stock overvalued right now?
Based on GuruFocus' analysis, 361 Degrees International (HKSE:01361) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$6.22, compared to a current price of HK$4.57 — trading 26.5% below its estimated fair value. The current Beneish M-Score is -2.08. 361 Degrees International's overall GF Score™ is 95/100 with 1 warning sign 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 361 Degrees International (HKSE:01361), the current Beneish M-Score is -2.08 as of Jul. 26, 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 361 Degrees International (HKSE:01361) Overvalued in 2026?
Based on GuruFocus' analysis, 361 Degrees International stock appears to be undervalued.
The current stock price of HK$4.57 is trading 26.5% below its estimated GF Value™ of HK$6.22.
GuruFocus considers 361 Degrees International to be Modestly Undervalued.
Key valuation signals for HKSE:01361:
Beneish M-Score: -2.08
GF Value™: HK$6.22 vs. price of HK$4.57 (26.5% below fair value)
No single metric tells the full story. See the HKSE:01361 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
361 Degrees International Ltd is a Chinese manufacturer of sporting goods. Its reportable segments include Adults and Kids. It reports revenue across four product lines: footwear, apparel, accessories, and others. Footwear and apparel are the important product lines, each contributing close to half the company's revenue, and the majority of sales are made across the adult segment. The Adults segment derives revenue from the manufacturing and trading of adult sporting goods, and the Kids segment derives revenue from the trading of kids' sporting goods. Geographically, the company's revenue is predominantly derived from the sale of its products in the People's Republic of China (PRC).
95GF Score
Get the complete analysis for HKSE:01361
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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