Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -2.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for North Asia Strategic Holdings's Beneish M-Score or its related term are showing as below:
HKSE:08080'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.27 Med: -2.5 Max: -1.02
Current: -2.71
During the past 13 years, the highest Beneish M-Score of North Asia Strategic Holdings was -1.02. The lowest was -3.27. And the median was -2.50.
* 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.
North Asia Strategic Holdings Beneish M-Score Chart
HKSE:08080 vs GWW, FAST, FERG: Beneish M-Score Comparison
For the Industrial Distribution subindustry, North Asia Strategic 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.
North Asia Strategic Holdings Beneish M-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, North Asia Strategic Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where North Asia Strategic Holdings's Beneish M-Score falls into.
North Asia Strategic 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 North Asia Strategic 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 * 0.7671
+
0.528 * 1.0933
+
0.404 * 0.939
+
0.892 * 1.2266
+
0.115 * 0.9022
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8651
+
4.679 * -0.051283
-
0.327 * 1.0481
=
-2.71
* 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))
=
(74.528 / (74.528 + 151.609))
/
(70.577 / (70.577 + 122.621))
=
0.32957
/
0.365309
=
0.9022
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
=
(10.143 - 0
-
114.419)
/
2033.326
=
-0.051283
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.
North Asia Strategic Holdings has a M-score of -2.71 suggests that the company is unlikely to be a manipulator.
North Asia Strategic Holdings (HKSE:08080) has a Beneish M-Score of -2.71 as of Aug. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on North Asia Strategic Holdings and its competitors. According to the industry distribution chart, North Asia Strategic Holdings ranks #52 out of 153 companies in the Industrial Distribution industry, placing it in the top 34%.
Is North Asia Strategic Holdings' Beneish M-Score too high?
North Asia Strategic Holdings' current Beneish M-Score is -2.71. Based on the distribution chart, North Asia Strategic Holdings ranks #52 out of 153 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, North Asia Strategic Holdings has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does North Asia Strategic Holdings' Beneish M-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, North Asia Strategic Holdings ranks #52 out of 153 companies for Beneish M-Score. This puts North Asia Strategic 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 an Industrial Distribution company?
A good Beneish M-Score depends on the Industrial Distribution 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 North Asia Strategic Holdings and its competitors. North Asia Strategic Holdings's current Beneish M-Score is -2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is North Asia Strategic Holdings stock overvalued right now?
Based on GuruFocus' analysis, North Asia Strategic Holdings (HKSE:08080) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.25, compared to a current price of HK$0.42 — trading 68% above its estimated fair value. The current Beneish M-Score is -2.71. North Asia Strategic Holdings' overall GF Score™ is 51/100 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 North Asia Strategic Holdings (HKSE:08080), the current Beneish M-Score is -2.71 as of Aug. 07, 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 North Asia Strategic Holdings (HKSE:08080) Overvalued in 2026?
Based on GuruFocus' analysis, North Asia Strategic Holdings stock appears to be overvalued.
The current stock price of HK$0.42 is trading 68% above its estimated GF Value™ of HK$0.25.
GuruFocus considers North Asia Strategic Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08080:
Beneish M-Score: -2.71
GF Value™: HK$0.25 vs. price of HK$0.42 (68% above fair value)
No single metric tells the full story. See the HKSE:08080 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
North Asia Strategic Holdings Ltd is an investment holding company. Through its subsidiaries, the company is engaged in the business segments of Hi-tech distribution and services operation, Lease operation and electronic payment solution. It derives maximum revenue from the Hi-tech distribution and services operation segment, which includes trading of surface mount technology (SMT) assembly equipment, machinery and spare parts and provision of related installation, training, repair and maintenance services for SMT assembly equipment. The Leasing operations involve the provision of finance to its customers via a wide array of assets under finance lease arrangements. The group's activities are principally carried out in Hong Kong, China and the rest of Asia.
51GF Score
Get the complete analysis for HKSE:08080
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08080 has been successfully added to your 
