KPM Holding (HKSE:08027) Beneish M-Score: 0.00 (As of Jul. 18, 2026)

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KPM Holding Ltd HKSE:08027

35 GF Score

Price HK$0.15

GF Value HK$0.17

Valuation Modestly Undervalued

3 Warning Signs

View Full Analysis

What is KPM Holding Beneish M-Score?

KPM Holding HKSE:08027 +16.00% 35 Beneish M-Score is 0.00 as of Jul. 18, 2026. GuruFocus rates HKSE:08027 with a GF Score™ of 35/100 and a GF Value™ of HK$0.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,909 Industrial Products companies, KPM Holding ranks worse than 34376.04% 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.

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

During the past 12 years, the highest Beneish M-Score of KPM Holding was 0.19. The lowest was -4.45. And the median was -1.89.

KPM Holding Beneish M-Score Related Terms

KPM Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for KPM 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.

KPM Holding Beneish M-Score Chart

KPM Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-0.56

-1.84

-4.45

0.00

KPM Holding Semi-Annual Data
	Jun16	Dec16	Jun17	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															-4.45	0.00	0.00	0.00	0.00

HKSE:08027 vs CRS, ATI, MLI: Beneish M-Score Comparison

For the Metal Fabrication subindustry, KPM 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.

KPM Holding Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, KPM Holding's Beneish M-Score distribution charts can be found below:

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

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35GF Score

KPM Holding Ltd HKSE:08027

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

KPM 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 KPM Holding for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was HK$47.2 Mil.
Revenue was HK$114.9 Mil.
Gross Profit was HK$33.7 Mil.
Total Current Assets was HK$92.5 Mil.
Total Assets was HK$113.6 Mil.
Property, Plant and Equipment(Net PPE) was HK$21.1 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$2.9 Mil.
Selling, General, & Admin. Expense(SGA) was HK$21.2 Mil.
Total Current Liabilities was HK$37.0 Mil.
Long-Term Debt & Capital Lease Obligation was HK$9.0 Mil.
Net Income was HK$7.9 Mil.
Gross Profit was HK$0.0 Mil.
Cash Flow from Operations was HK$12.2 Mil.

Total Receivables was HK$42.5 Mil.
Revenue was HK$91.5 Mil.
Gross Profit was HK$21.8 Mil.
Total Current Assets was HK$79.6 Mil.
Total Assets was HK$101.9 Mil.
Property, Plant and Equipment(Net PPE) was HK$22.4 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$2.6 Mil.
Selling, General, & Admin. Expense(SGA) was HK$23.9 Mil.
Total Current Liabilities was HK$38.5 Mil.
Long-Term Debt & Capital Lease Obligation was HK$4.6 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)
	=	(47.214 / 114.949)	/	(42.488 / 91.463)
	=	0.410739	/	0.464538
	=

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)
	=	(21.782 / 91.463)	/	(33.68 / 114.949)
	=	0.238151	/	0.293
	=

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 - (92.547 + 21.075) / 113.622)	/	(1 - (79.57 + 22.352) / 101.922)
	=	0	/	0
	=

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
	=	114.949	/	91.463
	=

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))
	=	(2.596 / (2.596 + 22.352))	/	(2.851 / (2.851 + 21.075))
	=	0.104056	/	0.119159
	=

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)
	=	(21.214 / 114.949)	/	(23.912 / 91.463)
	=	0.184551	/	0.261439
	=

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)
	=	((8.952 + 37.032) / 113.622)	/	((4.617 + 38.476) / 101.922)
	=	0.40471	/	0.422804
	=

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
	=	(7.855 - 0	-	12.195)	/	113.622
	=	-0.038197

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

KPM Holding (HKSE:08027) has a Beneish M-Score of 0.00 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on KPM Holding and its competitors. According to the industry distribution chart, KPM Holding ranks #999999 out of 2909 companies in the Industrial Products industry.

Is KPM Holding's Beneish M-Score too high?

KPM Holding's current Beneish M-Score is 0.00. Based on the distribution chart, KPM Holding ranks #999999 out of 2909 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, KPM Holding has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does KPM Holding's Beneish M-Score compare to CRS and ATI?

According to the Industrial Products industry distribution chart, KPM Holding ranks #999999 out of 2909 companies for Beneish M-Score. This places KPM Holding in the lower 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 Industrial Products company?

A good Beneish M-Score depends on the Industrial Products 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 KPM Holding and its competitors. KPM Holding's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is KPM Holding stock overvalued right now?

Based on GuruFocus' analysis, KPM Holding (HKSE:08027) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.17, compared to a current price of HK$0.15 — trading 14.7% below its estimated fair value. The current Beneish M-Score is 0.00. KPM Holding's overall GF Score™ is 35/100 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 KPM Holding (HKSE:08027), the current Beneish M-Score is 0.00 as of Jul. 18, 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 KPM Holding (HKSE:08027) Overvalued in 2026?

Based on GuruFocus' analysis, KPM Holding stock appears to be undervalued. The current stock price of HK$0.15 is trading 14.7% below its estimated GF Value™ of HK$0.17. GuruFocus considers KPM Holding to be Modestly Undervalued.

Key valuation signals for HKSE:08027:

Beneish M-Score: 0.00
GF Value™: HK$0.17 vs. price of HK$0.15 (14.7% below fair value)
GF Score™: 35/100 with 3 warning signs

No single metric tells the full story. See the HKSE:08027 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

KPM Holding Business Description

Industry Industrials Industrial Products

Comparable Companies HKSE:08133 CRS ATI MLI SHSE:688409 XTER:NDA CMC ESAB SHSE:603308 SZSE:000039 XBRU:VIO SZSE:300748 SHSE:688122 SZSE:300953 GPGI SZSE:002552 SHSE:601399 TPE:2474 SZSE:301196 WOR

Address 14 Loyang Way 4, Singapore, SGP, 507601

Website https://www.kpmholding.com

KPM Holding Ltd is an investment holding company principally engaged in the design, fabrication, installation, and maintenance of signage and sales of related products, provision of fitting-out and renovation services for commercial premises and residential developments, and provision of IT solution development services. The Group operates through the signage business, fitting-out and renovation services, and IT solution development services segments, with the signage business generating maximum revenue. Geographically, the Group operates in Singapore and the PRC, with Singapore generating maximum revenue.

35GF Score

Get the complete analysis for HKSE:08027

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

HK$0.15

Price

HK$0.17

GF Value

View HKSE:08027 Analysis

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