Binjiang Service Group Co (HKSE:03316) Beneish M-Score: -2.87 (As of Jul. 30, 2026)

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HKSE:03316 Binjiang Service Group Co Ltd HKSE:03316
100 GF Score
Price HK$23.64
GF Value HK$29.27
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Binjiang Service Group Co Beneish M-Score?

Binjiang Service Group Co HKSE:03316 -0.51% 100 Beneish M-Score is -2.87 as of Jul. 30, 2026. GuruFocus rates HKSE:03316 with a GF Score™ of 100/100 and a GF Value™ of HK$29.27 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,678 Real Estate companies, Binjiang Service Group Co ranks better than 80.57% 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 -2.87 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Binjiang Service Group Co's Beneish M-Score or its related term are showing as below:

HKSE:03316' s Beneish M-Score Range Over the Past 10 Years
Min: -3.63   Med: -2.62   Max: -1.15
Current: -2.87

During the past 11 years, the highest Beneish M-Score of Binjiang Service Group Co was -1.15. The lowest was -3.63. And the median was -2.62.

Binjiang Service Group Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Binjiang Service Group 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.

Binjiang Service Group Co Beneish M-Score Chart

Binjiang Service Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.38 -2.96 -1.57 -2.62 -2.87

Binjiang Service Group Co Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 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 Premium Member Only Premium Member Only Premium Member Only -1.57 0.00 -2.62 0.00 -2.87

HKSE:03316 vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Binjiang Service Group 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.

Binjiang Service Group Co Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Binjiang Service Group Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Binjiang Service Group Co's Beneish M-Score falls into.


HKSE:03316
100GF Score
Binjiang Service Group Co Ltd HKSE:03316
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Binjiang Service Group 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 Binjiang Service Group 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 * 1.0088+0.528 * 1.0474+0.404 * 0.1247+0.892 * 1.1805+0.115 * 0.8193
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8616+4.679 * -0.047509-0.327 * 1.0271
=-2.87

* 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$570 Mil.
Revenue was HK$4,531 Mil.
Gross Profit was HK$1,005 Mil.
Total Current Assets was HK$5,186 Mil.
Total Assets was HK$5,423 Mil.
Property, Plant and Equipment(Net PPE) was HK$57 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$32 Mil.
Selling, General, & Admin. Expense(SGA) was HK$135 Mil.
Total Current Liabilities was HK$3,470 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1 Mil.
Net Income was HK$658 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$916 Mil.
 Total Receivables was HK$479 Mil.
Revenue was HK$3,838 Mil.
Gross Profit was HK$892 Mil.
Total Current Assets was HK$3,291 Mil.
Total Assets was HK$4,547 Mil.
Property, Plant and Equipment(Net PPE) was HK$46 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$19 Mil.
Selling, General, & Admin. Expense(SGA) was HK$133 Mil.
Total Current Liabilities was HK$2,832 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1 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)
=(570.307 / 4530.757) / (478.891 / 3837.976)
=0.125875 / 0.124777
=1.0088

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)
=(891.899 / 3837.976) / (1005.247 / 4530.757)
=0.232388 / 0.221872
=1.0474

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 - (5186.188 + 57.105) / 5423.224) / (1 - (3290.52 + 46.342) / 4546.796)
=0.033178 / 0.266107
=0.1247

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
=4530.757 / 3837.976
=1.1805

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))
=(19.329 / (19.329 + 46.342)) / (32.018 / (32.018 + 57.105))
=0.294331 / 0.359256
=0.8193

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)
=(135.218 / 4530.757) / (132.938 / 3837.976)
=0.029844 / 0.034638
=0.8616

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)
=((1.245 + 3469.747) / 5423.224) / ((1.155 + 2832.055) / 4546.796)
=0.640024 / 0.623122
=1.0271

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
=(657.873 - 0 - 915.527) / 5423.224
=-0.047509

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.

Binjiang Service Group Co has a M-score of -2.87 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 -2.87 mean?
Binjiang Service Group Co (HKSE:03316) has a Beneish M-Score of -2.87 as of Jul. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Binjiang Service Group Co and its competitors. According to the industry distribution chart, Binjiang Service Group Co ranks #326 out of 1678 companies in the Real Estate industry, placing it in the top 19.4%.
Is Binjiang Service Group Co's Beneish M-Score too high?
Binjiang Service Group Co's current Beneish M-Score is -2.87. Based on the distribution chart, Binjiang Service Group Co ranks #326 out of 1678 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Binjiang Service Group Co has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Binjiang Service Group Co's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Binjiang Service Group Co ranks #326 out of 1678 companies for Beneish M-Score. This places Binjiang Service Group Co in the top 19% 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 Binjiang Service Group Co and its competitors. Binjiang Service Group Co's current Beneish M-Score is -2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Binjiang Service Group Co stock overvalued right now?
Based on GuruFocus' analysis, Binjiang Service Group Co (HKSE:03316) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$29.27, compared to a current price of HK$23.64 — trading 19.2% below its estimated fair value. The current Beneish M-Score is -2.87. Binjiang Service Group Co's overall GF Score™ is 100/100 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 Binjiang Service Group Co (HKSE:03316), the current Beneish M-Score is -2.87 as of Jul. 30, 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 Binjiang Service Group Co (HKSE:03316) Overvalued in 2026?

Based on GuruFocus' analysis, Binjiang Service Group Co stock appears to be undervalued. The current stock price of HK$23.64 is trading 19.2% below its estimated GF Value™ of HK$29.27. GuruFocus considers Binjiang Service Group Co to be Modestly Undervalued.

Key valuation signals for HKSE:03316:

  • Beneish M-Score: -2.87
  • GF Value™: HK$29.27 vs. price of HK$23.64 (19.2% below fair value)
  • GF Score™: 100/100 with 3 warning signs

No single metric tells the full story. See the HKSE:03316 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Binjiang Service Group Co Business Description

Address No. 189 Fengqi East Road, Xincheng Times Square, 12th Floor, Room 1201-1, Block 1, Building 1, Jianggan District, Hangzhou, CHN
Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China. The company segments: Property management services, Value-added services to non-property owners, 5S valueadded services. The Majority of revenue is from Property management services.
100GF Score

Get the complete analysis for HKSE:03316

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

HK$23.64
Price
HK$29.27
GF Value