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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 -2.69 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Tycoon Group Holdings's Beneish M-Score or its related term are showing as below:
HKSE:03390'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.81 Med: -2.12 Max: 1.59
Current: -2.69
During the past 9 years, the highest Beneish M-Score of Tycoon Group Holdings was 1.59. The lowest was -3.81. And the median was -2.12.
Tycoon Group Holdings Beneish M-Score Related Terms
Tycoon Group Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Tycoon Group Holdings'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.
Tycoon Group Holdings Beneish M-Score Competitor Comparison
For the Pharmaceutical Retailers subindustry, Tycoon Group 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.
Tycoon Group Holdings Beneish M-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Tycoon Group Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Tycoon Group Holdings'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 Tycoon Group 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 * 0.7036
+
0.528 * 1.0785
+
0.404 * 1.3715
+
0.892 * 1.2518
+
0.115 * 0.7088
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8985
+
4.679 * -0.069457
-
0.327 * 1.0315
=
-2.69
* 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))
=
(15.261 / (15.261 + 63.523))
/
(24.569 / (24.569 + 65.332))
=
0.193707
/
0.27329
=
0.7088
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
=
(15.67 - 0
-
96.953)
/
1170.263
=
-0.069457
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.
Tycoon Group Holdings has a M-score of -2.69 suggests that the company is unlikely to be a manipulator.
Tycoon Group Holdings (HKSE:03390) has a Beneish M-Score of -2.69 as of Jul. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tycoon Group Holdings and its competitors. According to the industry distribution chart, Tycoon Group Holdings ranks #251 out of 626 companies in the Healthcare Providers & Services industry, placing it in the top 40.1%.
Is Tycoon Group Holdings' Beneish M-Score too high?
Tycoon Group Holdings' current Beneish M-Score is -2.69. Based on the distribution chart, Tycoon Group Holdings ranks #251 out of 626 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Tycoon Group Holdings has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tycoon Group Holdings' Beneish M-Score compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Tycoon Group Holdings ranks #251 out of 626 companies for Beneish M-Score. This puts Tycoon Group Holdings 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 a Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Tycoon Group Holdings and its competitors. Tycoon Group Holdings's current Beneish M-Score is -2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tycoon Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tycoon Group Holdings (HKSE:03390) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$3.60, compared to a current price of HK$0.23 — trading 93.6% below its estimated fair value. The current Beneish M-Score is -2.69. Tycoon Group Holdings' overall GF Score™ is 62/100 with 6 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 Tycoon Group Holdings (HKSE:03390), the current Beneish M-Score is -2.69 as of Jul. 29, 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 Tycoon Group Holdings (HKSE:03390) Overvalued in 2026?
Based on GuruFocus' analysis, Tycoon Group Holdings stock appears to be undervalued.
The current stock price of HK$0.23 is trading 93.6% below its estimated GF Value™ of HK$3.60.
GuruFocus considers Tycoon Group Holdings to be Significantly Undervalued.
Key valuation signals for HKSE:03390:
Beneish M-Score: -2.69
GF Value™: HK$3.60 vs. price of HK$0.23 (93.6% below fair value)
No single metric tells the full story. See the HKSE:03390 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tycoon Group Holdings Ltd and its subsidiaries are principally engaged in the distribution and retail of health and well-being related products. It provides omnichannel brand agency, promotion and marketing, management, distribution, and sales services for PCM, health supplements, skincare, personal care, and other healthcare products. The company operates in three segments: the Distribution segment, which includes the operation of distributing products to chain retailers, non-chain retailers, and traders; the E-Commerce segment, which includes the operation of online stores and distribution to e-commerce customers; and the retail store segment, which represents the operation of Hong Ning Hong Limited. The company derived the maximum revenue from the Distribution segment.
62GF Score
Get the complete analysis for HKSE:03390
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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