EFT Solutions Holdings (HKSE:08062) Beneish M-Score: -3.99 (As of Jun. 28, 2026)

What is EFT Solutions Holdings Beneish M-Score?

EFT Solutions Holdings HKSE:08062 -1.24% 49 Beneish M-Score is -3.99 as of Jun. 28, 2026. GuruFocus rates HKSE:08062 with a GF Score™ of 49/100 and a GF Value™ of HK$0.20 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,632 Software companies, EFT Solutions Holdings ranks better than 91.41% 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 -3.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HKSE:08062' s Beneish M-Score Range Over the Past 10 Years
Min: -3.99 Med: -2.77 Max: 12.45
Current: -3.99

During the past 11 years, the highest Beneish M-Score of EFT Solutions Holdings was 12.45. The lowest was -3.99. And the median was -2.77.

EFT Solutions Holdings Beneish M-Score Related Terms

EFT Solutions Holdings Beneish M-Score Historical Data

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The historical data trend for EFT Solutions 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.

EFT Solutions Holdings Beneish M-Score Chart

EFT Solutions Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Beneish M-Score

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-2.41

-3.23

-3.19

-1.08

-3.99

EFT Solutions Holdings Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25
Beneish M-Score	Get a 7-Day Free Trial															0.00	-1.08	0.00	-3.99	0.00

HKSE:08062 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, EFT Solutions 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.

EFT Solutions Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, EFT Solutions Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where EFT Solutions Holdings's Beneish M-Score falls into.

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49GF Score

EFT Solutions Holdings Ltd HKSE:08062

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

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EFT Solutions Holdings 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 EFT Solutions Holdings 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 * 0.6572

0.528 * 1.194

0.404 * 1.304

0.892 * 0.7386

0.115 * 1.0092

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.4224

4.679 * -0.233065

0.327 * 1.0707

-3.99

This Year (Mar25) TTM:

Last Year (Mar24) TTM:

Total Receivables was HK$29.42 Mil.
Revenue was HK$94.35 Mil.
Gross Profit was HK$38.49 Mil.
Total Current Assets was HK$117.70 Mil.
Total Assets was HK$148.53 Mil.
Property, Plant and Equipment(Net PPE) was HK$14.99 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$7.53 Mil.
Selling, General, & Admin. Expense(SGA) was HK$27.85 Mil.
Total Current Liabilities was HK$15.12 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 Mil.
Net Income was HK$5.61 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$40.23 Mil.

Total Receivables was HK$60.60 Mil.
Revenue was HK$127.75 Mil.
Gross Profit was HK$62.23 Mil.
Total Current Assets was HK$127.24 Mil.
Total Assets was HK$157.45 Mil.
Property, Plant and Equipment(Net PPE) was HK$17.35 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$8.83 Mil.
Selling, General, & Admin. Expense(SGA) was HK$26.51 Mil.
Total Current Liabilities was HK$14.97 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.00 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)
	=	(29.418 / 94.353)	/	(60.603 / 127.749)
	=	0.311787	/	0.474391
	=	0.6572

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)
	=	(62.226 / 127.749)	/	(38.491 / 94.353)
	=	0.487096	/	0.407947
	=	1.194

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 - (117.696 + 14.994) / 148.525)	/	(1 - (127.235 + 17.346) / 157.454)
	=	0.106615	/	0.081757
	=	1.304

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
	=	94.353	/	127.749
	=	0.7386

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))
	=	(8.833 / (8.833 + 17.346))	/	(7.531 / (7.531 + 14.994))
	=	0.337408	/	0.33434
	=	1.0092

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)
	=	(27.847 / 94.353)	/	(26.507 / 127.749)
	=	0.295136	/	0.207493
	=	1.4224

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)
	=	((0 + 15.119) / 148.525)	/	((0 + 14.969) / 157.454)
	=	0.101794	/	0.095069
	=	1.0707

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
	=	(5.61 - 0	-	40.226)	/	148.525
	=	-0.233065

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.

EFT Solutions Holdings has a M-score of -3.99 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 -3.99 mean?

EFT Solutions Holdings (HKSE:08062) has a Beneish M-Score of -3.99 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EFT Solutions Holdings and its competitors. According to the industry distribution chart, EFT Solutions Holdings ranks #226 out of 2632 companies in the Software industry, placing it in the top 8.6%.

Is EFT Solutions Holdings' Beneish M-Score too high?

EFT Solutions Holdings' current Beneish M-Score is -3.99. Based on the distribution chart, EFT Solutions Holdings ranks #226 out of 2632 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, EFT Solutions Holdings has a GF Score™ of 49/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does EFT Solutions Holdings' Beneish M-Score compare to MSFT and ORCL?

According to the Software industry distribution chart, EFT Solutions Holdings ranks #226 out of 2632 companies for Beneish M-Score. This places EFT Solutions Holdings in the top 9% 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 Software company?

A good Beneish M-Score depends on the Software 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 EFT Solutions Holdings and its competitors. EFT Solutions Holdings's current Beneish M-Score is -3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is EFT Solutions Holdings stock overvalued right now?

Based on GuruFocus' analysis, EFT Solutions Holdings (HKSE:08062) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$0.20, compared to a current price of HK$0.24 — trading 19.5% above its estimated fair value. The current Beneish M-Score is -3.99. EFT Solutions Holdings' overall GF Score™ is 49/100 with 4 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 EFT Solutions Holdings (HKSE:08062), the current Beneish M-Score is -3.99 as of Jun. 28, 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 EFT Solutions Holdings (HKSE:08062) Overvalued in 2026?

Based on GuruFocus' analysis, EFT Solutions Holdings stock appears to be overvalued. The current stock price of HK$0.24 is trading 19.5% above its estimated GF Value™ of HK$0.20. GuruFocus considers EFT Solutions Holdings to be Modestly Overvalued.

Key valuation signals for HKSE:08062:

Beneish M-Score: -3.99
GF Value™: HK$0.20 vs. price of HK$0.24 (19.5% above fair value)
GF Score™: 49/100 with 4 warning signs

No single metric tells the full story. See the HKSE:08062 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

EFT Solutions Holdings Business Description

Industry Technology Software

Comparable Companies HKSE:01942 HKSE:08613 HKSE:08420 HKSE:02167 HKSE:03315 HKSE:02440 HKSE:02438 MSFT ORCL PLTR PANW CRWD FTNT SNPS HKSE:02513 NET CRWV XYZ XAMS:ADYEN NTAP

Address 28-36 Kwai Fung Crescent, Workshops B1 & B3, 11th Floor, Yip Fung Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website https://www.eftsolutions.com

EFT Solutions Holdings Ltd is engaged in the sourcing of electronic fund transfer point-of-sale (EFT-POS) solution providers focusing on the sourcing of EFT-POS terminals and peripheral devices and the provision of EFT-POS system support services in Hong Kong. The segments of the company consist of Sales of hardware devices, System support, and software solution services. The majority of the revenue of the company is derived from the provision of system support, software solution services.

49GF Score

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

HK$0.24

Price

HK$0.20

GF Value

View HKSE:08062 Analysis

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