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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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Colour Life Services Group Co's Beneish M-Score or its related term are showing as below:
HKSE:01778'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.91 Med: -2.16 Max: -1.45
Current: -2.57
During the past 13 years, the highest Beneish M-Score of Colour Life Services Group Co was -1.45. The lowest was -2.91. And the median was -2.16.
* 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.
Colour Life Services Group Co Beneish M-Score Chart
HKSE:01778 vs CBRE, BEKE, JLL: Beneish M-Score Comparison
For the Real Estate Services subindustry, Colour Life Services 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.
Colour Life Services Group Co Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Colour Life Services Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Colour Life Services Group Co's Beneish M-Score falls into.
Colour Life Services 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 Colour Life Services 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 * 0.8725
+
0.528 * 1.0551
+
0.404 * 0.9771
+
0.892 * 1.112
+
0.115 * 0.8166
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9329
+
4.679 * -0.016392
-
0.327 * 1.0065
=
-2.57
* 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))
=
(45.147 / (45.147 + 273.654))
/
(57.288 / (57.288 + 273.045))
=
0.141615
/
0.173425
=
0.8166
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
=
(26.499 - 0
-
135.277)
/
6636.023
=
-0.016392
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.
Colour Life Services Group Co has a M-score of -2.57 suggests that the company is unlikely to be a manipulator.
Colour Life Services Group Co (HKSE:01778) has a Beneish M-Score of -2.57 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Colour Life Services Group Co and its competitors. According to the industry distribution chart, Colour Life Services Group Co ranks #619 out of 1677 companies in the Real Estate industry, placing it in the top 36.9%.
Is Colour Life Services Group Co's Beneish M-Score too high?
Colour Life Services Group Co's current Beneish M-Score is -2.57. Based on the distribution chart, Colour Life Services Group Co ranks #619 out of 1677 companies in the Real Estate industry, which is above the industry midpoint. Overall, Colour Life Services Group Co has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Colour Life Services Group Co's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Colour Life Services Group Co ranks #619 out of 1677 companies for Beneish M-Score. This puts Colour Life Services 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 a Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Colour Life Services Group Co and its competitors. Colour Life Services Group Co's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Colour Life Services Group Co stock overvalued right now?
Based on GuruFocus' analysis, Colour Life Services Group Co (HKSE:01778) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.24, compared to a current price of HK$0.15 — trading 38.8% below its estimated fair value. The current Beneish M-Score is -2.57. Colour Life Services Group Co's overall GF Score™ is 56/100 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 Colour Life Services Group Co (HKSE:01778), the current Beneish M-Score is -2.57 as of Aug. 15, 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 Colour Life Services Group Co (HKSE:01778) Overvalued in 2026?
Based on GuruFocus' analysis, Colour Life Services Group Co stock appears to be undervalued.
The current stock price of HK$0.15 is trading 38.8% below its estimated GF Value™ of HK$0.24.
GuruFocus considers Colour Life Services Group Co to be Possible Value Trap.
Key valuation signals for HKSE:01778:
Beneish M-Score: -2.57
GF Value™: HK$0.24 vs. price of HK$0.15 (38.8% below fair value)
No single metric tells the full story. See the HKSE:01778 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Colour Life Services Group Co Ltd provides engineering services for property developers (including independent property developers and to a lesser extent, communities which the group manages through sub-contracting and cooperation with qualified third-party contractors and through its subsidiaries that are mainly engaged in engineering services and energy management services. The company also provides other value-added services including purchase assistance, energy management services, insurance brokers; community direct drinking water business, community care for the elderly, and other value-added services. It operates in a single segment of the provision of property management services and related services in the PRC.
56GF Score
Get the complete analysis for HKSE:01778
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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