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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 -3.82 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Twintek Investment Holdings's Beneish M-Score or its related term are showing as below:
HKSE:06182'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.73 Med: -2.21 Max: -0.56
Current: -3.82
During the past 12 years, the highest Beneish M-Score of Twintek Investment Holdings was -0.56. The lowest was -4.73. And the median was -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.
HKSE:06182 vs PWR, FIX, EME: Beneish M-Score Comparison
For the Engineering & Construction subindustry, Twintek Investment 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.
Twintek Investment Holdings Beneish M-Score vs Construction Industry
For the Construction industry and Industrials sector, Twintek Investment Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Twintek Investment 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 Twintek Investment 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 * 0.6058
+
0.528 * 2.0691
+
0.404 * 1.4418
+
0.892 * 0.9391
+
0.115 * 0.9593
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2078
+
4.679 * -0.348285
-
0.327 * 0.9794
=
-3.82
* 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))
=
(3.473 / (3.473 + 47.982))
/
(2.929 / (2.929 + 38.702))
=
0.067496
/
0.070356
=
0.9593
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
=
(-25.962 - 0
-
21.947)
/
137.557
=
-0.348285
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.
Twintek Investment Holdings has a M-score of -3.82 suggests that the company is unlikely to be a manipulator.
Twintek Investment Holdings (HKSE:06182) has a Beneish M-Score of -3.82 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Twintek Investment Holdings and its competitors. According to the industry distribution chart, Twintek Investment Holdings ranks #95 out of 1705 companies in the Construction industry, placing it in the top 5.6%.
Is Twintek Investment Holdings' Beneish M-Score too high?
Twintek Investment Holdings' current Beneish M-Score is -3.82. Based on the distribution chart, Twintek Investment Holdings ranks #95 out of 1705 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Twintek Investment Holdings has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Twintek Investment Holdings' Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Twintek Investment Holdings ranks #95 out of 1705 companies for Beneish M-Score. This places Twintek Investment Holdings in the top 6% 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Twintek Investment Holdings and its competitors. Twintek Investment Holdings's current Beneish M-Score is -3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Twintek Investment Holdings stock overvalued right now?
Based on GuruFocus' analysis, Twintek Investment Holdings (HKSE:06182) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.29, compared to a current price of HK$0.51 — trading 75.9% above its estimated fair value. The current Beneish M-Score is -3.82. Twintek Investment Holdings' overall GF Score™ is 38/100 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 Twintek Investment Holdings (HKSE:06182), the current Beneish M-Score is -3.82 as of Aug. 15, 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 Twintek Investment Holdings (HKSE:06182) Overvalued in 2026?
Based on GuruFocus' analysis, Twintek Investment Holdings stock appears to be overvalued.
The current stock price of HK$0.51 is trading 75.9% above its estimated GF Value™ of HK$0.29.
GuruFocus considers Twintek Investment Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:06182:
Beneish M-Score: -3.82
GF Value™: HK$0.29 vs. price of HK$0.51 (75.9% above fair value)
No single metric tells the full story. See the HKSE:06182 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Twintek Investment Holdings Ltd is a building materials contractor. The company offers building materials and relevant installation services mainly in Hong Kong. Its products include timber flooring products; interior wall-fill materials, in particular, gypsum block, plasterboard and drywall partition products, interior composite panel lining, in particular, SPC wall panels, demountable partition system, and roof tiles. The Group's revenue was generated from two segments of Construction contracts including the provision of construction and engineering services; and Sales of building materials including trading of building materials. A majority of revenue is generated from the Construction contract segment. The group's operations are located in Hong Kong.
38GF Score
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