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 -4.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Wantian Holdings's Beneish M-Score or its related term are showing as below:
HKSE:01854'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.81 Med: -2.42 Max: 60.15
Current: -4.81
During the past 11 years, the highest Beneish M-Score of China Wantian Holdings was 60.15. The lowest was -4.81. And the median was -2.42.
China Wantian Holdings Beneish M-Score Related Terms
China Wantian Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for China Wantian 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:01854 vs SYY, USFD, PFGC: Beneish M-Score Comparison
For the Food Distribution subindustry, China Wantian 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.
China Wantian Holdings Beneish M-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, China Wantian Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Wantian Holdings's Beneish M-Score falls into.
China Wantian 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 China Wantian 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 * 0.4867
+
0.528 * 1.8996
+
0.404 * 1.0204
+
0.892 * 1.477
+
0.115 * 0.4586
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8679
+
4.679 * -0.495887
-
0.327 * 2.2558
=
-4.81
* 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))
=
(18.626 / (18.626 + 110.269))
/
(28.699 / (28.699 + 62.371))
=
0.144505
/
0.315131
=
0.4586
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
=
(-141.986 - 0
-
-43.837)
/
197.926
=
-0.495887
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.
China Wantian Holdings has a M-score of -4.81 suggests that the company is unlikely to be a manipulator.
China Wantian Holdings (HKSE:01854) has a Beneish M-Score of -4.81 as of Aug. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Wantian Holdings and its competitors. According to the industry distribution chart, China Wantian Holdings ranks #6 out of 295 companies in the Retail - Defensive industry, placing it in the top 2%.
Is China Wantian Holdings' Beneish M-Score too high?
China Wantian Holdings' current Beneish M-Score is -4.81. Based on the distribution chart, China Wantian Holdings ranks #6 out of 295 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, China Wantian Holdings has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Wantian Holdings' Beneish M-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, China Wantian Holdings ranks #6 out of 295 companies for Beneish M-Score. This places China Wantian Holdings in the top 2% of its industry — outperforming the majority of peers. 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 Retail - Defensive company?
A good Beneish M-Score depends on the Retail - Defensive 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 China Wantian Holdings and its competitors. China Wantian Holdings's current Beneish M-Score is -4.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Wantian Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Wantian Holdings (HKSE:01854) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.89, compared to a current price of HK$1.18 — trading 69.7% below its estimated fair value. The current Beneish M-Score is -4.81. China Wantian Holdings' overall GF Score™ is 66/100 with 4 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 China Wantian Holdings (HKSE:01854), the current Beneish M-Score is -4.81 as of Aug. 20, 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 China Wantian Holdings (HKSE:01854) Overvalued in 2026?
Based on GuruFocus' analysis, China Wantian Holdings stock appears to be undervalued.
The current stock price of HK$1.18 is trading 69.7% below its estimated GF Value™ of HK$3.89.
GuruFocus considers China Wantian Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01854:
Beneish M-Score: -4.81
GF Value™: HK$3.89 vs. price of HK$1.18 (69.7% below fair value)
No single metric tells the full story. See the HKSE:01854 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Wantian Holdings Ltd is an investment holding company, and its principal subsidiaries are engaged in food supply, catering services, and environmental protection and technology services. The Group has three reportable segments, namely food supply, catering services, and environmental protection and technology services. The company generates a majority of its revenue from its Food Supply segment, which includes sourcing, processing, and supplying of consumable fresh food ingredients in Hong Kong and the People's Republic of China (PRC). Its geographic operations include the People's Republic of China, which generates the majority of its revenue, and the rest from Hong Kong.
66GF Score
Get the complete analysis for HKSE:01854
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:01854 has been successfully added to your 
