eprint Group (HKSE:01884) Beneish M-Score: -1.13 (As of Jul. 08, 2026)

What is eprint Group Beneish M-Score?

eprint Group HKSE:01884 46 Beneish M-Score is -1.13 as of Jul. 08, 2026. GuruFocus rates HKSE:01884 with a GF Score™ of 46/100 and a GF Value™ of HK$0.28 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,022 Business Services companies, eprint Group ranks worse than 90.9% on this metric.

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.

Warning Sign:

Beneish M-Score -1.13 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for eprint Group's Beneish M-Score or its related term are showing as below:

HKSE:01884' s Beneish M-Score Range Over the Past 10 Years
Min: -3.77 Med: -2.85 Max: 1.12
Current: -1.13

During the past 14 years, the highest Beneish M-Score of eprint Group was 1.12. The lowest was -3.77. And the median was -2.85.

eprint Group Beneish M-Score Related Terms

eprint Group Beneish M-Score Historical Data

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The historical data trend for eprint Group'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.

eprint Group Beneish M-Score Chart

eprint Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.85

-2.90

-3.18

-1.13

0.00

eprint Group Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-3.18	0.00	-1.13	0.00	0.00

HKSE:01884 vs CTAS, CPRT, ULS: Beneish M-Score Comparison

For the Specialty Business Services subindustry, eprint Group'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.

eprint Group Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, eprint Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where eprint Group's Beneish M-Score falls into.

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46GF Score

eprint Group Ltd HKSE:01884

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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eprint Group 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 eprint Group for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 3.1041

0.528 * 0.9656

0.404 * 0.3471

0.892 * 0.9251

0.115 * 1.0585

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0684

4.679 * -0.049511

0.327 * 0.9965

-1.13

This Year (Mar25) TTM:

Last Year (Mar24) TTM:

Total Receivables was HK$19.9 Mil.
Revenue was HK$292.6 Mil.
Gross Profit was HK$114.2 Mil.
Total Current Assets was HK$142.1 Mil.
Total Assets was HK$378.8 Mil.
Property, Plant and Equipment(Net PPE) was HK$214.6 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$32.9 Mil.
Selling, General, & Admin. Expense(SGA) was HK$123.4 Mil.
Total Current Liabilities was HK$124.2 Mil.
Long-Term Debt & Capital Lease Obligation was HK$5.3 Mil.
Net Income was HK$-6.1 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$12.6 Mil.

Total Receivables was HK$6.9 Mil.
Revenue was HK$316.3 Mil.
Gross Profit was HK$119.2 Mil.
Total Current Assets was HK$125.4 Mil.
Total Assets was HK$378.7 Mil.
Property, Plant and Equipment(Net PPE) was HK$189.3 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$31.0 Mil.
Selling, General, & Admin. Expense(SGA) was HK$124.8 Mil.
Total Current Liabilities was HK$106.1 Mil.
Long-Term Debt & Capital Lease Obligation was HK$23.8 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(19.935 / 292.593)	/	(6.942 / 316.277)
	=	0.068132	/	0.021949
	=	3.1041

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(119.217 / 316.277)	/	(114.218 / 292.593)
	=	0.376939	/	0.390365
	=	0.9656

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (142.055 + 214.556) / 378.843)	/	(1 - (125.374 + 189.258) / 378.654)
	=	0.058684	/	0.169078
	=	0.3471

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	292.593	/	316.277
	=	0.9251

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
	=	(31.032 / (31.032 + 189.258))	/	(32.936 / (32.936 + 214.556))
	=	0.140869	/	0.133079
	=	1.0585

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(123.38 / 292.593)	/	(124.83 / 316.277)
	=	0.421678	/	0.394686
	=	1.0684

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((5.291 + 124.189) / 378.843)	/	((23.764 + 106.109) / 378.654)
	=	0.341777	/	0.342986
	=	0.9965

8. TATA = Total Accruals to Total Assets

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
	=	(-6.13 - 0	-	12.627)	/	378.843
	=	-0.049511

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.

eprint Group has a M-score of -1.13 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -1.13 mean?

eprint Group (HKSE:01884) has a Beneish M-Score of -1.13 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on eprint Group and its competitors. According to the industry distribution chart, eprint Group ranks #929 out of 1022 companies in the Business Services industry, placing it in the top 90.9%.

Is eprint Group's Beneish M-Score too high?

eprint Group's current Beneish M-Score is -1.13. Based on the distribution chart, eprint Group ranks #929 out of 1022 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, eprint Group has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does eprint Group's Beneish M-Score compare to CTAS and CPRT?

According to the Business Services industry distribution chart, eprint Group ranks #929 out of 1022 companies for Beneish M-Score. This places eprint Group 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 Business Services company?

A good Beneish M-Score depends on the Business Services 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 eprint Group and its competitors. eprint Group's current Beneish M-Score is -1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is eprint Group stock overvalued right now?

Based on GuruFocus' analysis, eprint Group (HKSE:01884) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.28, compared to a current price of HK$0.11 — trading 61.4% below its estimated fair value. The current Beneish M-Score is -1.13. eprint Group's overall GF Score™ is 46/100 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 eprint Group (HKSE:01884), the current Beneish M-Score is -1.13 as of Jul. 08, 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 eprint Group (HKSE:01884) Overvalued in 2026?

Based on GuruFocus' analysis, eprint Group stock appears to be undervalued. The current stock price of HK$0.11 is trading 61.4% below its estimated GF Value™ of HK$0.28. GuruFocus considers eprint Group to be Possible Value Trap.

Key valuation signals for HKSE:01884:

Beneish M-Score: -1.13
GF Value™: HK$0.28 vs. price of HK$0.11 (61.4% below fair value)
GF Score™: 46/100 with 6 warning signs

No single metric tells the full story. See the HKSE:01884 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

eprint Group Business Description

Industry Industrials Business Services

Comparable Companies HKSE:08317 HKSE:08416 HKSE:00544 HKSE:00055 HKSE:08419 HKSE:01841 HKSE:08013 HKSE:08385 HKSE:00309 HKSE:08448 CTAS LSE:REL TSX:TRI CPRT TSX:RBA ULS GPN ASX:BXB ARMK XAMS:WKL

Address 448-458 Kwun Tong Road, Flat A, 4th Floor, Phase 3, Kwun Tong Industrial Centre, Kowloon, Kwun Tong, Hong Kong, HKG

Website https://www.eprintgroup.com.hk

eprint Group Ltd is an investment holding company principally engaged in the provision of printing services to a diversified customer base in Hong Kong. The company is also engaged in the provision of solutions for advertisement, bound books and stationeries. It firm operates its business through three segments: Paper Printing, and Banner Printing segment and yacht financing segment. It generates the majority of its revenues from the Paper Printing segment.

46GF Score

Get the complete analysis for HKSE:01884

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.11

Price

HK$0.28

GF Value

View HKSE:01884 Analysis

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