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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 -2.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China General Education Group's Beneish M-Score or its related term are showing as below:
HKSE:02175'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.58 Med: -2.44 Max: 1.58
Current: -2.51
During the past 8 years, the highest Beneish M-Score of China General Education Group was 1.58. The lowest was -3.58. And the median was -2.44.
* 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.
China General Education Group Beneish M-Score Chart
HKSE:02175 vs EDU, TAL, LAUR: Beneish M-Score Comparison
For the Education & Training Services subindustry, China General Education 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.
China General Education Group Beneish M-Score vs Education Industry
For the Education industry and Consumer Defensive sector, China General Education Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China General Education Group's Beneish M-Score falls into.
China General Education 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 China General Education Group 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 * 0.9875
+
0.528 * 1.1084
+
0.404 * 1.0294
+
0.892 * 0.9962
+
0.115 * 1.4516
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0339
+
4.679 * -0.017863
-
0.327 * 1.1517
=
-2.51
* 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))
=
(50.648 / (50.648 + 1119.879))
/
(47.356 / (47.356 + 1541.328))
=
0.043269
/
0.029808
=
1.4516
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
=
(83.286 - 0
-
125.872)
/
2383.972
=
-0.017863
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 General Education Group has a M-score of -2.51 suggests that the company is unlikely to be a manipulator.
China General Education Group (HKSE:02175) has a Beneish M-Score of -2.51 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China General Education Group and its competitors. According to the industry distribution chart, China General Education Group ranks #135 out of 240 companies in the Education industry, placing it in the top 56.2%.
Is China General Education Group's Beneish M-Score too high?
China General Education Group's current Beneish M-Score is -2.51. Based on the distribution chart, China General Education Group ranks #135 out of 240 companies in the Education industry, which is below the industry midpoint. Overall, China General Education Group has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China General Education Group's Beneish M-Score compare to EDU and TAL?
According to the Education industry distribution chart, China General Education Group ranks #135 out of 240 companies for Beneish M-Score. This places China General Education 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 an Education company?
A good Beneish M-Score depends on the Education 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 General Education Group and its competitors. China General Education Group's current Beneish M-Score is -2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China General Education Group stock overvalued right now?
Based on GuruFocus' analysis, China General Education Group (HKSE:02175) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$3.20, compared to a current price of HK$2.32 — trading 27.5% below its estimated fair value. The current Beneish M-Score is -2.51. China General Education Group's overall GF Score™ is 80/100 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 General Education Group (HKSE:02175), the current Beneish M-Score is -2.51 as of Aug. 09, 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 General Education Group (HKSE:02175) Overvalued in 2026?
Based on GuruFocus' analysis, China General Education Group stock appears to be undervalued.
The current stock price of HK$2.32 is trading 27.5% below its estimated GF Value™ of HK$3.20.
GuruFocus considers China General Education Group to be Modestly Undervalued.
Key valuation signals for HKSE:02175:
Beneish M-Score: -2.51
GF Value™: HK$3.20 vs. price of HK$2.32 (27.5% below fair value)
No single metric tells the full story. See the HKSE:02175 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China General Education Group Ltd is principally engaged in the provision of higher education services. The company operates one college, Shanxi Technology and Business College, in which it offers bachelor's degree programs in a total of around 39 majors including three concentrations to undergraduate students including accounting, auditing, civil engineering, and business administration. The Company also focuses on providing applied courses and internship training opportunities. The Group generates maximum revenue from Mainland China.
80GF Score
Get the complete analysis for HKSE:02175
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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