Roiserv Lifestyle Services Co (HKSE:02146) Beneish M-Score: -2.41 (As of Aug. 25, 2026)

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HKSE:02146 Roiserv Lifestyle Services Co Ltd HKSE:02146
76 GF Score
Price HK$2.13
GF Value HK$1.54
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Roiserv Lifestyle Services Co Beneish M-Score?

Roiserv Lifestyle Services Co HKSE:02146 +6.50% 76 Beneish M-Score is -2.41 as of Aug. 25, 2026. GuruFocus rates HKSE:02146 with a GF Score™ of 76/100 and a GF Value™ of HK$1.54 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,682 Real Estate companies, Roiserv Lifestyle Services Co ranks better than 53.39% 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.

Good Sign:

Beneish M-Score -2.41 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Roiserv Lifestyle Services Co's Beneish M-Score or its related term are showing as below:

HKSE:02146' s Beneish M-Score Range Over the Past 10 Years
Min: -3.19   Med: -2.18   Max: -0.35
Current: -2.41

During the past 9 years, the highest Beneish M-Score of Roiserv Lifestyle Services Co was -0.35. The lowest was -3.19. And the median was -2.18.

Roiserv Lifestyle Services Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Roiserv Lifestyle Services Co'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.

Roiserv Lifestyle Services Co Beneish M-Score Chart

Roiserv Lifestyle Services Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -1.48 -0.35 -2.18 -2.18 -2.41

Roiserv Lifestyle Services Co Semi-Annual Data
Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.18 0.00 -2.18 0.00 -2.41

HKSE:02146 vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Roiserv Lifestyle Services 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.

Roiserv Lifestyle Services Co Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Roiserv Lifestyle Services Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Roiserv Lifestyle Services Co's Beneish M-Score falls into.


HKSE:02146
76GF Score
Roiserv Lifestyle Services Co Ltd HKSE:02146
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Roiserv Lifestyle Services 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 Roiserv Lifestyle Services 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 * 0.9265+0.528 * 0.9949+0.404 * 1.001+0.892 * 1.0115+0.115 * 0.7459
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9708+4.679 * 0.03144-0.327 * 0.9766
=-2.41

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was HK$2,716 Mil.
Revenue was HK$2,113 Mil.
Gross Profit was HK$443 Mil.
Total Current Assets was HK$4,327 Mil.
Total Assets was HK$4,761 Mil.
Property, Plant and Equipment(Net PPE) was HK$39 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$6 Mil.
Selling, General, & Admin. Expense(SGA) was HK$40 Mil.
Total Current Liabilities was HK$2,175 Mil.
Long-Term Debt & Capital Lease Obligation was HK$5 Mil.
Net Income was HK$124 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$-25 Mil.
 Total Receivables was HK$2,898 Mil.
Revenue was HK$2,089 Mil.
Gross Profit was HK$435 Mil.
Total Current Assets was HK$4,033 Mil.
Total Assets was HK$4,457 Mil.
Property, Plant and Equipment(Net PPE) was HK$54 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$6 Mil.
Selling, General, & Admin. Expense(SGA) was HK$41 Mil.
Total Current Liabilities was HK$2,073 Mil.
Long-Term Debt & Capital Lease Obligation was HK$15 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)
=(2715.61 / 2113.294) / (2897.931 / 2089.362)
=1.285013 / 1.386993
=0.9265

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)
=(435.408 / 2089.362) / (442.67 / 2113.294)
=0.208393 / 0.209469
=0.9949

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 - (4327.138 + 39.239) / 4761.443) / (1 - (4032.863 + 54.319) / 4456.567)
=0.082972 / 0.082886
=1.001

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
=2113.294 / 2089.362
=1.0115

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))
=(5.986 / (5.986 + 54.319)) / (6.023 / (6.023 + 39.239))
=0.099262 / 0.13307
=0.7459

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)
=(40.253 / 2113.294) / (40.995 / 2089.362)
=0.019048 / 0.019621
=0.9708

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)
=((4.638 + 2174.797) / 4761.443) / ((15.33 + 2073.365) / 4456.567)
=0.457726 / 0.468678
=0.9766

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
=(124.402 - 0 - -25.296) / 4761.443
=0.03144

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.

Roiserv Lifestyle Services Co has a M-score of -2.41 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.41 mean?
Roiserv Lifestyle Services Co (HKSE:02146) has a Beneish M-Score of -2.41 as of Aug. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Roiserv Lifestyle Services Co and its competitors. According to the industry distribution chart, Roiserv Lifestyle Services Co ranks #784 out of 1682 companies in the Real Estate industry, placing it in the top 46.6%.
Is Roiserv Lifestyle Services Co's Beneish M-Score too high?
Roiserv Lifestyle Services Co's current Beneish M-Score is -2.41. Based on the distribution chart, Roiserv Lifestyle Services Co ranks #784 out of 1682 companies in the Real Estate industry, which is above the industry midpoint. Overall, Roiserv Lifestyle Services Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Roiserv Lifestyle Services Co's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Roiserv Lifestyle Services Co ranks #784 out of 1682 companies for Beneish M-Score. This puts Roiserv Lifestyle Services 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 Roiserv Lifestyle Services Co and its competitors. Roiserv Lifestyle Services Co's current Beneish M-Score is -2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roiserv Lifestyle Services Co stock overvalued right now?
Based on GuruFocus' analysis, Roiserv Lifestyle Services Co (HKSE:02146) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.54, compared to a current price of HK$2.13 — trading 38.3% above its estimated fair value. The current Beneish M-Score is -2.41. Roiserv Lifestyle Services Co's overall GF Score™ is 76/100 with 9 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 Roiserv Lifestyle Services Co (HKSE:02146), the current Beneish M-Score is -2.41 as of Aug. 25, 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 Roiserv Lifestyle Services Co (HKSE:02146) Overvalued in 2026?

Based on GuruFocus' analysis, Roiserv Lifestyle Services Co stock appears to be overvalued. The current stock price of HK$2.13 is trading 38.3% above its estimated GF Value™ of HK$1.54. GuruFocus considers Roiserv Lifestyle Services Co to be Significantly Overvalued.

Key valuation signals for HKSE:02146:

  • Beneish M-Score: -2.41
  • GF Value™: HK$1.54 vs. price of HK$2.13 (38.3% above fair value)
  • GF Score™: 76/100 with 9 warning signs

No single metric tells the full story. See the HKSE:02146 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Roiserv Lifestyle Services Co Business Description

Address 81 Xiangyun Road, Langfang, Economic and Technological Development Area, Rongsheng Development Building, Hebei Province, Langfang, CHN, 065000
Roiserv Lifestyle Services Co Ltd provides property management services. It provides diversified services through three business lines, namely, property management services, value-added services to non-property owners and community value-added services. The Group has a diversified portfolio of properties under management comprising (i) residential properties; and (ii) non-residential properties, including (a) commercial properties, such as shopping malls, office buildings and serviced apartments; and (b) public and other properties, such as industry parks, parks and the Olympic Village. It provides diversified services principally through business lines, namely community services, commercial services, urban services and peripheral services.
76GF Score

Get the complete analysis for HKSE:02146

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

HK$2.13
Price
HK$1.54
GF Value