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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 -4.61 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Chen Xing Development Holdings's Beneish M-Score or its related term are showing as below:
HKSE:02286'
s Beneish M-Score Range Over the Past 10 Years
Min: -87.83 Med: -2.22 Max: 40.3
Current: -4.61
During the past 12 years, the highest Beneish M-Score of Chen Xing Development Holdings was 40.30. The lowest was -87.83. And the median was -2.22.
* 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.
Chen Xing Development Holdings Beneish M-Score Chart
Chen Xing Development Holdings Beneish M-Score Competitor Comparison
For the Real Estate - Development subindustry, Chen Xing Development 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.
Chen Xing Development Holdings Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Chen Xing Development Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Chen Xing Development Holdings's Beneish M-Score falls into.
Chen Xing Development 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 Chen Xing Development 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 * 1.646
+
0.528 * -0.2381
+
0.404 * 1.2548
+
0.892 * 0.132
+
0.115 * 1.0217
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 7.8057
+
4.679 * -0.047882
-
0.327 * 1.0335
=
-4.61
* 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))
=
(5.952 / (5.952 + 52.552))
/
(5.651 / (5.651 + 51.102))
=
0.101737
/
0.099572
=
1.0217
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
=
(-299.657 - 0
-
157.515)
/
9547.856
=
-0.047882
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.
Chen Xing Development Holdings has a M-score of -4.61 suggests that the company is unlikely to be a manipulator.
Chen Xing Development Holdings (HKSE:02286) has a Beneish M-Score of -4.61 as of Aug. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Chen Xing Development Holdings and its competitors. According to the industry distribution chart, Chen Xing Development Holdings ranks #44 out of 1682 companies in the Real Estate industry, placing it in the top 2.6%.
Is Chen Xing Development Holdings' Beneish M-Score too high?
Chen Xing Development Holdings' current Beneish M-Score is -4.61. Based on the distribution chart, Chen Xing Development Holdings ranks #44 out of 1682 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Chen Xing Development Holdings has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chen Xing Development Holdings' Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Chen Xing Development Holdings ranks #44 out of 1682 companies for Beneish M-Score. This places Chen Xing Development Holdings 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 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 Chen Xing Development Holdings and its competitors. Chen Xing Development Holdings's current Beneish M-Score is -4.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chen Xing Development Holdings stock overvalued right now?
Based on GuruFocus' analysis, Chen Xing Development Holdings (HKSE:02286) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.06, compared to a current price of HK$0.26 — trading 333.3% above its estimated fair value. The current Beneish M-Score is -4.61. Chen Xing Development Holdings' overall GF Score™ is 33/100 with 5 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 Chen Xing Development Holdings (HKSE:02286), the current Beneish M-Score is -4.61 as of Aug. 23, 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 Chen Xing Development Holdings (HKSE:02286) Overvalued in 2026?
Based on GuruFocus' analysis, Chen Xing Development Holdings stock appears to be overvalued.
The current stock price of HK$0.26 is trading 333.3% above its estimated GF Value™ of HK$0.06.
GuruFocus considers Chen Xing Development Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:02286:
Beneish M-Score: -4.61
GF Value™: HK$0.06 vs. price of HK$0.26 (333.3% above fair value)
No single metric tells the full story. See the HKSE:02286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chen Xing Development Holdings Ltd is an investment holding company. Through its subsidiaries, the company is engaged in property development operations and focuses mainly on residential and, to a lesser extent, commercial property development projects. It derives primary revenue from the sale of properties, and other sources of revenue include property leasing income. Geographically, the company principally operates in Mainland China.
33GF Score
Get the complete analysis for HKSE:02286
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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