Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 CR Construction Group Holdings's Beneish M-Score or its related term are showing as below:
HKSE:01582'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.89 Med: -2.04 Max: 4.15
Current: -2.08
During the past 10 years, the highest Beneish M-Score of CR Construction Group Holdings was 4.15. The lowest was -2.89. And the median was -2.04.
* 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.
CR Construction Group Holdings Beneish M-Score Chart
HKSE:01582 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, CR Construction Group 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.
CR Construction Group Holdings Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, CR Construction Group Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CR Construction Group Holdings's Beneish M-Score falls into.
CR Construction Group 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 CR Construction Group 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 * 0.8211
+
0.528 * 1.0267
+
0.404 * 1.1476
+
0.892 * 1.4131
+
0.115 * 1.8864
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7991
+
4.679 * -0.002036
-
0.327 * 1.0042
=
-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))
=
(34.492 / (34.492 + 70.993))
/
(31.919 / (31.919 + 152.221))
=
0.326985
/
0.173341
=
1.8864
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
=
(39.221 - 0
-
50.481)
/
5531.511
=
-0.002036
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.
CR Construction Group Holdings has a M-score of -2.08 suggests that the company is unlikely to be a manipulator.
CR Construction Group Holdings (HKSE:01582) has a Beneish M-Score of -2.08 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CR Construction Group Holdings and its competitors. According to the industry distribution chart, CR Construction Group Holdings ranks #1248 out of 1696 companies in the Construction industry, placing it in the top 73.6%.
Is CR Construction Group Holdings' Beneish M-Score too high?
CR Construction Group Holdings' current Beneish M-Score is -2.08. Based on the distribution chart, CR Construction Group Holdings ranks #1248 out of 1696 companies in the Construction industry, which is below the industry midpoint. Overall, CR Construction Group Holdings has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CR Construction Group Holdings' Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, CR Construction Group Holdings ranks #1248 out of 1696 companies for Beneish M-Score. This places CR Construction Group 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 CR Construction Group Holdings and its competitors. CR Construction Group Holdings'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 CR Construction Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, CR Construction Group Holdings (HKSE:01582) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.68, compared to a current price of HK$0.39 — trading 42.6% below its estimated fair value. The current Beneish M-Score is -2.08. CR Construction Group Holdings' overall GF Score™ is 67/100 with 6 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 CR Construction Group Holdings (HKSE:01582), the current Beneish M-Score is -2.08 as of Aug. 03, 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 CR Construction Group Holdings (HKSE:01582) Overvalued in 2026?
Based on GuruFocus' analysis, CR Construction Group Holdings stock appears to be undervalued.
The current stock price of HK$0.39 is trading 42.6% below its estimated GF Value™ of HK$0.68.
GuruFocus considers CR Construction Group Holdings to be Significantly Undervalued.
Key valuation signals for HKSE:01582:
Beneish M-Score: -2.08
GF Value™: HK$0.68 vs. price of HK$0.39 (42.6% below fair value)
No single metric tells the full story. See the HKSE:01582 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CR Construction Group Holdings Ltd is an investment holding company engaged in providing construction services. The company has two segments: The construction operations segment engages in contract works as a main contractor in respect of building construction works and RMAA works in Hong Kong, Malaysia and the United Kingdom; The environmental operations segment engages in construction, rehabilitation and operation of sewage and reclaimed water treatment plants as well as water distribution plants and other environmental related facilities and infrastructure in the PRC. Majority of its revenue is from the construction operations segment. The company also operates in China, the UK, and Malaysia, along with Hong Kong.
67GF Score
Get the complete analysis for HKSE:01582
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:01582 has been successfully added to your 
