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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 -2.72 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Fameglow Holdings's Beneish M-Score or its related term are showing as below:
HKSE:03774'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.86 Med: -2.71 Max: -1.43
Current: -2.72
During the past 10 years, the highest Beneish M-Score of Fameglow Holdings was -1.43. The lowest was -4.86. And the median was -2.71.
The historical data trend for Fameglow 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.
HKSE:03774 vs ROL, SCI, HRB: Beneish M-Score Comparison
For the Personal Services subindustry, Fameglow 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.
Fameglow Holdings Beneish M-Score vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Fameglow Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Fameglow 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 Fameglow 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 * 0.7379
+
0.528 * 0.9982
+
0.404 * 1.6212
+
0.892 * 1.355
+
0.115 * 0.9085
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8914
+
4.679 * -0.137252
-
0.327 * 0.7953
=
-2.72
* 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))
=
(59.702 / (59.702 + 174.866))
/
(80.462 / (80.462 + 206.746))
=
0.254519
/
0.280152
=
0.9085
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
=
(54.641 - 0
-
117.352)
/
456.905
=
-0.137252
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.
Fameglow Holdings has a M-score of -2.72 suggests that the company is unlikely to be a manipulator.
Fameglow Holdings (HKSE:03774) has a Beneish M-Score of -2.72 as of Sep. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fameglow Holdings and its competitors. According to the industry distribution chart, Fameglow Holdings ranks #36 out of 89 companies in the Personal Services industry, placing it in the top 40.4%.
Is Fameglow Holdings' Beneish M-Score too high?
Fameglow Holdings' current Beneish M-Score is -2.72. Based on the distribution chart, Fameglow Holdings ranks #36 out of 89 companies in the Personal Services industry, which is above the industry midpoint. Overall, Fameglow Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fameglow Holdings' Beneish M-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Fameglow Holdings ranks #36 out of 89 companies for Beneish M-Score. This puts Fameglow 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 Personal Services company?
A good Beneish M-Score depends on the Personal 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 Fameglow Holdings and its competitors. Fameglow Holdings's current Beneish M-Score is -2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fameglow Holdings stock overvalued right now?
Based on GuruFocus' analysis, Fameglow Holdings (HKSE:03774) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$1.54, compared to a current price of HK$23.50 — trading 1426% above its estimated fair value. The current Beneish M-Score is -2.72. Fameglow Holdings' overall GF Score™ is 64/100 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 Fameglow Holdings (HKSE:03774), the current Beneish M-Score is -2.72 as of Sep. 04, 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 Fameglow Holdings (HKSE:03774) Overvalued in 2026?
Based on GuruFocus' analysis, Fameglow Holdings stock appears to be overvalued.
The current stock price of HK$23.50 is trading 1426% above its estimated GF Value™ of HK$1.54.
GuruFocus considers Fameglow Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:03774:
Beneish M-Score: -2.72
GF Value™: HK$1.54 vs. price of HK$23.50 (1426% above fair value)
No single metric tells the full story. See the HKSE:03774 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fameglow Holdings Ltd acts as an investment holding company. The Group is a medical aesthetic service provider in Hong Kong and operates medical aesthetic centres. It strive to provide holistic treatment solutions to its clients through its non-surgical medical aesthetic services, traditional beauty services and sale of skincare products to help its clients maintain and enhance their skin conditions and physical appearance. The company is principally engaged in provision of beauty treatment services and sale of skincare products in Hong Kong. The Group has only one single operating segment. Non-surgical medical aesthetic services are Energy-based procedures, Minimally invasive procedures, and Traditional beauty services.
64GF Score
Get the complete analysis for HKSE:03774
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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