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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 -4.03 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Legion Consortium's Beneish M-Score or its related term are showing as below:
HKSE:02129'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.03 Med: -2.9 Max: -2.39
Current: -4.03
During the past 9 years, the highest Beneish M-Score of Legion Consortium was -2.39. The lowest was -4.03. And the median was -2.90.
The historical data trend for Legion Consortium'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:02129 vs ODFL, XPO, KNX: Beneish M-Score Comparison
For the Trucking subindustry, Legion Consortium'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.
Legion Consortium Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Legion Consortium's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Legion Consortium's Beneish M-Score falls into.
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 Legion Consortium 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 * 0.7574
+
0.528 * 1.0427
+
0.404 * 0.7475
+
0.892 * 0.9695
+
0.115 * 0.9607
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.7976
+
4.679 * -0.224274
-
0.327 * 1.0856
=
-4.03
* 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))
=
(65.076 / (65.076 + 204.305))
/
(71.243 / (71.243 + 212.066))
=
0.241576
/
0.251467
=
0.9607
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
=
(-28.454 - 0
-
69.899)
/
438.539
=
-0.224274
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.
Legion Consortium has a M-score of -4.03 suggests that the company is unlikely to be a manipulator.
Legion Consortium (HKSE:02129) has a Beneish M-Score of -4.03 as of Sep. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Legion Consortium and its competitors. According to the industry distribution chart, Legion Consortium ranks #31 out of 973 companies in the Transportation industry, placing it in the top 3.2%.
Is Legion Consortium's Beneish M-Score too high?
Legion Consortium's current Beneish M-Score is -4.03. Based on the distribution chart, Legion Consortium ranks #31 out of 973 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Legion Consortium has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Legion Consortium's Beneish M-Score compare to ODFL and XPO?
According to the Transportation industry distribution chart, Legion Consortium ranks #31 out of 973 companies for Beneish M-Score. This places Legion Consortium in the top 3% 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Legion Consortium and its competitors. Legion Consortium's current Beneish M-Score is -4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legion Consortium stock overvalued right now?
Based on GuruFocus' analysis, Legion Consortium (HKSE:02129) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.22 — trading 85% above its estimated fair value. The current Beneish M-Score is -4.03. Legion Consortium's overall GF Score™ is 51/100 with 10 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 Legion Consortium (HKSE:02129), the current Beneish M-Score is -4.03 as of Sep. 02, 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 Legion Consortium (HKSE:02129) Overvalued in 2026?
Based on GuruFocus' analysis, Legion Consortium stock appears to be overvalued.
The current stock price of HK$0.22 is trading 85% above its estimated GF Value™ of HK$0.12.
GuruFocus considers Legion Consortium to be Significantly Overvalued.
Key valuation signals for HKSE:02129:
Beneish M-Score: -4.03
GF Value™: HK$0.12 vs. price of HK$0.22 (85% above fair value)
No single metric tells the full story. See the HKSE:02129 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Legion Consortium Ltd is a logistics service provider in Singapore offering trucking, freight forwarding, and value-added transport services to customers. Trucking services refer to the haulage, mainly of containers, between seaports and/or customers' designated pick-up and/or delivery points. Freight forwarding services refer to the one-stop solution whereby it organize the shipment for customers to get their goods from the origin to the final point of distribution. Value-added transport services refer to open-yard storage services, stuffing and unstuffing services, and trucking services for the haulage, mainly containers, between its logistics yards and its customers' designated pick-up and/or delivery points.
51GF Score
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