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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 -2.21 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Deewin Tianxia Co's Beneish M-Score or its related term are showing as below:
HKSE:02418'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.44 Med: -2.35 Max: -2.18
Current: -2.21
During the past 7 years, the highest Beneish M-Score of Deewin Tianxia Co was -2.18. The lowest was -2.44. And the median was -2.35.
Deewin Tianxia Co Beneish M-Score Related Terms
Deewin Tianxia Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Deewin Tianxia 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.
HKSE:02418 vs CVNA, PAG, ALTB: Beneish M-Score Comparison
For the Auto & Truck Dealerships subindustry, Deewin Tianxia 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.
Deewin Tianxia Co Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Deewin Tianxia Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Deewin Tianxia Co'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 Deewin Tianxia 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 * 1.0505
+
0.528 * 1.1417
+
0.404 * 1.1642
+
0.892 * 1.0876
+
0.115 * 0.9899
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6445
+
4.679 * -0.00568
-
0.327 * 1.1019
=
-2.21
* 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))
=
(61.096 / (61.096 + 175.428))
/
(67.59 / (67.59 + 191.441))
=
0.258308
/
0.260934
=
0.9899
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
=
(75.444 - 0
-
147.149)
/
12624.802
=
-0.00568
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.
Deewin Tianxia Co has a M-score of -2.21 suggests that the company is unlikely to be a manipulator.
Deewin Tianxia Co (HKSE:02418) has a Beneish M-Score of -2.21 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Deewin Tianxia Co and its competitors. According to the industry distribution chart, Deewin Tianxia Co ranks #952 out of 1272 companies in the Vehicles & Parts industry, placing it in the top 74.8%.
Is Deewin Tianxia Co's Beneish M-Score too high?
Deewin Tianxia Co's current Beneish M-Score is -2.21. Based on the distribution chart, Deewin Tianxia Co ranks #952 out of 1272 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Deewin Tianxia Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deewin Tianxia Co's Beneish M-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Deewin Tianxia Co ranks #952 out of 1272 companies for Beneish M-Score. This places Deewin Tianxia Co 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Deewin Tianxia Co and its competitors. Deewin Tianxia Co's current Beneish M-Score is -2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deewin Tianxia Co stock overvalued right now?
Based on GuruFocus' analysis, Deewin Tianxia Co (HKSE:02418) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.50, compared to a current price of HK$2.60 — trading 73.3% above its estimated fair value. The current Beneish M-Score is -2.21. Deewin Tianxia Co's overall GF Score™ is 62/100 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 Deewin Tianxia Co (HKSE:02418), the current Beneish M-Score is -2.21 as of Jul. 24, 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 Deewin Tianxia Co (HKSE:02418) Overvalued in 2026?
Based on GuruFocus' analysis, Deewin Tianxia Co stock appears to be overvalued.
The current stock price of HK$2.60 is trading 73.3% above its estimated GF Value™ of HK$1.50.
GuruFocus considers Deewin Tianxia Co to be Significantly Overvalued.
Key valuation signals for HKSE:02418:
Beneish M-Score: -2.21
GF Value™: HK$1.50 vs. price of HK$2.60 (73.3% above fair value)
No single metric tells the full story. See the HKSE:02418 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Address29 West Section of Xijin Road, Building 1, Jingwei International Centre, 16th Floor, Unit 1, Economic and Technological Development Zone, Jingwei New City, Shaanxi, Xi’an, CHN
Deewin Tianxia Co Ltd engages in the business of logistics and supply chain service (including supply chain business, sales of automobiles and aftermarket product business), supply chain financial service (including financial leasing business and factoring business), and IoV and data service. Its segments include Logistics and supply chain service segment, which includes supply chain business, automobile sales business and aftermarket product business; Supply chain financial service segment, which includes financial leasing business and factoring business; and IoV and data service segment, which includes sale of IoV terminal products business and relevant data service business. It derives the majority of the revenue from IoV and data service segments.
62GF Score
Get the complete analysis for HKSE:02418
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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