Gala Technology Holding (HKSE:02458) Beneish M-Score: -3.13 (As of Aug. 08, 2026)

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HKSE:02458 Gala Technology Holding Ltd HKSE:02458
91 GF Score
Price HK$6.66
GF Value HK$6.68
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Gala Technology Holding Beneish M-Score?

Gala Technology Holding HKSE:02458 +0.30% 91 Beneish M-Score is -3.13 as of Aug. 08, 2026. GuruFocus rates HKSE:02458 with a GF Score™ of 91/100 and a GF Value™ of HK$6.68 (Fairly Valued). The stock has 3 warning signs investors should review. Among 530 Interactive Media companies, Gala Technology Holding ranks better than 70.57% 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 -3.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Gala Technology Holding's Beneish M-Score or its related term are showing as below:

HKSE:02458' s Beneish M-Score Range Over the Past 10 Years
Min: -3.13   Med: -3   Max: -2.14
Current: -3.13

During the past 7 years, the highest Beneish M-Score of Gala Technology Holding was -2.14. The lowest was -3.13. And the median was -3.00.

Gala Technology Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Gala Technology Holding'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.

Gala Technology Holding Beneish M-Score Chart

Gala Technology Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -3.00 -2.71 -2.14 -3.02 -3.13

Gala Technology Holding Semi-Annual Data
Dec19 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 -2.14 0.00 -3.02 0.00 -3.13

HKSE:02458 vs NTES, EA, TTWO: Beneish M-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Gala Technology Holding'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.

Gala Technology Holding Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Gala Technology Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Gala Technology Holding's Beneish M-Score falls into.


HKSE:02458
91GF Score
Gala Technology Holding Ltd HKSE:02458
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gala Technology Holding 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 Gala Technology Holding 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 * 0.876+0.528 * 1.0297+0.404 * 0.8147+0.892 * 1.2299+0.115 * 1.0955
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9415+4.679 * -0.140552-0.327 * 1.1279
=-3.13

* 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$92 Mil.
Revenue was HK$1,019 Mil.
Gross Profit was HK$530 Mil.
Total Current Assets was HK$642 Mil.
Total Assets was HK$808 Mil.
Property, Plant and Equipment(Net PPE) was HK$36 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$69 Mil.
Selling, General, & Admin. Expense(SGA) was HK$256 Mil.
Total Current Liabilities was HK$274 Mil.
Long-Term Debt & Capital Lease Obligation was HK$22 Mil.
Net Income was HK$106 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$220 Mil.
 Total Receivables was HK$85 Mil.
Revenue was HK$828 Mil.
Gross Profit was HK$444 Mil.
Total Current Assets was HK$519 Mil.
Total Assets was HK$674 Mil.
Property, Plant and Equipment(Net PPE) was HK$22 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$57 Mil.
Selling, General, & Admin. Expense(SGA) was HK$221 Mil.
Total Current Liabilities was HK$206 Mil.
Long-Term Debt & Capital Lease Obligation was HK$13 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)
=(91.886 / 1018.879) / (85.29 / 828.426)
=0.090183 / 0.102954
=0.876

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)
=(444.027 / 828.426) / (530.341 / 1018.879)
=0.535989 / 0.520514
=1.0297

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 - (641.962 + 36.17) / 808.172) / (1 - (518.797 + 22.373) / 674.356)
=0.160906 / 0.197501
=0.8147

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
=1018.879 / 828.426
=1.2299

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))
=(56.876 / (56.876 + 22.373)) / (68.707 / (68.707 + 36.17))
=0.717687 / 0.65512
=1.0955

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)
=(256.39 / 1018.879) / (221.426 / 828.426)
=0.251639 / 0.267285
=0.9415

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)
=((22.444 + 274.177) / 808.172) / ((13.334 + 206.107) / 674.356)
=0.367027 / 0.325408
=1.1279

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
=(105.928 - 0 - 219.518) / 808.172
=-0.140552

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.

Gala Technology Holding has a M-score of -3.13 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 -3.13 mean?
Gala Technology Holding (HKSE:02458) has a Beneish M-Score of -3.13 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gala Technology Holding and its competitors. According to the industry distribution chart, Gala Technology Holding ranks #156 out of 530 companies in the Interactive Media industry, placing it in the top 29.4%.
Is Gala Technology Holding's Beneish M-Score too high?
Gala Technology Holding's current Beneish M-Score is -3.13. Based on the distribution chart, Gala Technology Holding ranks #156 out of 530 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Gala Technology Holding has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gala Technology Holding's Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Gala Technology Holding ranks #156 out of 530 companies for Beneish M-Score. This puts Gala Technology Holding 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Gala Technology Holding and its competitors. Gala Technology Holding's current Beneish M-Score is -3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gala Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Gala Technology Holding (HKSE:02458) is currently considered Fairly Valued. The stock's GF Value™ is HK$6.68, compared to a current price of HK$6.66 — trading 0.3% below its estimated fair value. The current Beneish M-Score is -3.13. Gala Technology Holding's overall GF Score™ is 91/100 with 3 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 Gala Technology Holding (HKSE:02458), the current Beneish M-Score is -3.13 as of Aug. 08, 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 Gala Technology Holding (HKSE:02458) Overvalued in 2026?

Based on GuruFocus' analysis, Gala Technology Holding stock appears to be undervalued. The current stock price of HK$6.66 is trading 0.3% below its estimated GF Value™ of HK$6.68. GuruFocus considers Gala Technology Holding to be Fairly Valued.

Key valuation signals for HKSE:02458:

  • Beneish M-Score: -3.13
  • GF Value™: HK$6.68 vs. price of HK$6.66 (0.3% below fair value)
  • GF Score™: 91/100 with 3 warning signs

No single metric tells the full story. See the HKSE:02458 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Gala Technology Holding Business Description

Address 66 Shuniu Street, 15th Floor, Qianhai CTF Finance Tower, Qianhai Shenzhen-Hong Kong Cooperation Zone, Nanshan Subdistrict, Nanshan District, Shenzhen, CHN
Gala Technology Holding Ltd is an investment holding company. Along with its subsidiaries, it is mainly engaged in the mobile sports game development, publishing, and operation in the People's Republic of China. Its portfolio of games mainly covers mainstream sports categories, namely football, basketball, and baseball, including Football Master, NBA Basketball Master, Total Football, Football Champion, Clutch Hit Baseball, and NBA Rivals. These sports games rely on licensing resources from international sports leagues and clubs. The Group derives revenue from self-development games through various arrangements, including games published through its platforms or third-party distribution channels, and games published by other third-party game publishers under game distribution arrangements.
91GF Score

Get the complete analysis for HKSE:02458

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

HK$6.66
Price
HK$6.68
GF Value