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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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Minsheng Education Group Co's Beneish M-Score or its related term are showing as below:
HKSE:01569'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.99 Med: -2.55 Max: 2.26
Current: -2.88
During the past 13 years, the highest Beneish M-Score of Minsheng Education Group Co was 2.26. The lowest was -2.99. And the median was -2.55.
* 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:01569 vs EDU, TAL, LAUR: Beneish M-Score Comparison
For the Education & Training Services subindustry, Minsheng Education Group Co'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.
Minsheng Education Group Co Beneish M-Score vs Education Industry
For the Education industry and Consumer Defensive sector, Minsheng Education Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Minsheng Education Group Co's Beneish M-Score falls into.
Minsheng Education Group Co 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 Minsheng Education Group Co 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 * 0.9597
+
0.528 * 1.295
+
0.404 * 1.1081
+
0.892 * 0.8766
+
0.115 * 1.1684
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9565
+
4.679 * -0.096243
-
0.327 * 1.1032
=
-2.88
* 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))
=
(294.817 / (294.817 + 4616.345))
/
(258.052 / (258.052 + 4764.346))
=
0.06003
/
0.05138
=
1.1684
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
=
(-822.218 - 0
-
324.841)
/
11918.412
=
-0.096243
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.
Minsheng Education Group Co has a M-score of -2.88 suggests that the company is unlikely to be a manipulator.
Minsheng Education Group Co (HKSE:01569) has a Beneish M-Score of -2.88 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Minsheng Education Group Co and its competitors. According to the industry distribution chart, Minsheng Education Group Co ranks #71 out of 240 companies in the Education industry, placing it in the top 29.6%.
Is Minsheng Education Group Co's Beneish M-Score too high?
Minsheng Education Group Co's current Beneish M-Score is -2.88. Based on the distribution chart, Minsheng Education Group Co ranks #71 out of 240 companies in the Education industry, which is above the industry midpoint. Overall, Minsheng Education Group Co has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Minsheng Education Group Co's Beneish M-Score compare to EDU and TAL?
According to the Education industry distribution chart, Minsheng Education Group Co ranks #71 out of 240 companies for Beneish M-Score. This puts Minsheng Education Group Co in the upper 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 an Education company?
A good Beneish M-Score depends on the Education 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 Minsheng Education Group Co and its competitors. Minsheng Education Group Co's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minsheng Education Group Co stock overvalued right now?
Based on GuruFocus' analysis, Minsheng Education Group Co (HKSE:01569) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.16, compared to a current price of HK$0.12 — trading 27.5% below its estimated fair value. The current Beneish M-Score is -2.88. Minsheng Education Group Co's overall GF Score™ is 52/100 with 5 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 Minsheng Education Group Co (HKSE:01569), the current Beneish M-Score is -2.88 as of Aug. 12, 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 Minsheng Education Group Co (HKSE:01569) Overvalued in 2026?
Based on GuruFocus' analysis, Minsheng Education Group Co stock appears to be undervalued.
The current stock price of HK$0.12 is trading 27.5% below its estimated GF Value™ of HK$0.16.
GuruFocus considers Minsheng Education Group Co to be Modestly Undervalued.
Key valuation signals for HKSE:01569:
Beneish M-Score: -2.88
GF Value™: HK$0.16 vs. price of HK$0.12 (27.5% below fair value)
No single metric tells the full story. See the HKSE:01569 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Minsheng Education Group Co Ltd is an investment holding company that provides educational services in China through its subsidiary. The company operates several schools in China, including the Chongqing College of Humanities, Science, and Technology, Pass College of Chongqing Technology and Business University, Chongqing Vocational College of Applied Technology, and Others. Additionally, the company has invested in Beacon International College in Singapore and Hong Kong Nang Yan College of Higher Education in Hong Kong. The company is organized into two business units based on their services: on-campus education and online education, which are the two reportable operating segments. The on-campus education segment derives maximum revenue. Its Majority of the revenue is generated from PRC.
52GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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