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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 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Xinhua Lande Scitech Co's Beneish M-Score or its related term are showing as below:
HKSE:08106'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.95 Med: -2 Max: 1867.63
Current: -2
During the past 13 years, the highest Beneish M-Score of Xinhua Lande Scitech Co was 1867.63. The lowest was -3.95. And the median was -2.00.
* 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:08106 vs SNX, ARW, AVT: Beneish M-Score Comparison
For the Electronics & Computer Distribution subindustry, Xinhua Lande Scitech Co'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.
Xinhua Lande Scitech Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Xinhua Lande Scitech Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Xinhua Lande Scitech Co's Beneish M-Score falls into.
Xinhua Lande Scitech Co 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 Xinhua Lande Scitech Co 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 * 0.7293
+
0.528 * 0.9552
+
0.404 * 2.5775
+
0.892 * 1.2875
+
0.115 * 0.8887
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8401
+
4.679 * -0.031345
-
0.327 * 1.0393
=
-2.00
* 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))
=
(0.763 / (0.763 + 2.056))
/
(0.656 / (0.656 + 1.498))
=
0.270663
/
0.30455
=
0.8887
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
=
(1.201 - 0
-
5.317)
/
131.313
=
-0.031345
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.
Xinhua Lande Scitech Co has a M-score of -2.00 suggests that the company is unlikely to be a manipulator.
Xinhua Lande Scitech Co (HKSE:08106) has a Beneish M-Score of -2.00 as of Aug. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Xinhua Lande Scitech Co and its competitors. According to the industry distribution chart, Xinhua Lande Scitech Co ranks #1785 out of 2411 companies in the Hardware industry, placing it in the top 74%.
Is Xinhua Lande Scitech Co's Beneish M-Score too high?
Xinhua Lande Scitech Co's current Beneish M-Score is -2.00. Based on the distribution chart, Xinhua Lande Scitech Co ranks #1785 out of 2411 companies in the Hardware industry, which is below the industry midpoint. Overall, Xinhua Lande Scitech Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xinhua Lande Scitech Co's Beneish M-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Xinhua Lande Scitech Co ranks #1785 out of 2411 companies for Beneish M-Score. This places Xinhua Lande Scitech Co 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 a Hardware company?
A good Beneish M-Score depends on the Hardware 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 Xinhua Lande Scitech Co and its competitors. Xinhua Lande Scitech Co's current Beneish M-Score is -2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinhua Lande Scitech Co stock overvalued right now?
Based on GuruFocus' analysis, Xinhua Lande Scitech Co (HKSE:08106) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.15, compared to a current price of HK$0.32 — trading 113.3% above its estimated fair value. The current Beneish M-Score is -2.00. Xinhua Lande Scitech Co's overall GF Score™ is 47/100 with 7 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 Xinhua Lande Scitech Co (HKSE:08106), the current Beneish M-Score is -2.00 as of Aug. 30, 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 Xinhua Lande Scitech Co (HKSE:08106) Overvalued in 2026?
Based on GuruFocus' analysis, Xinhua Lande Scitech Co stock appears to be overvalued.
The current stock price of HK$0.32 is trading 113.3% above its estimated GF Value™ of HK$0.15.
GuruFocus considers Xinhua Lande Scitech Co to be Significantly Overvalued.
Key valuation signals for HKSE:08106:
Beneish M-Score: -2.00
GF Value™: HK$0.15 vs. price of HK$0.32 (113.3% above fair value)
No single metric tells the full story. See the HKSE:08106 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xinhua Lande Scitech Co Ltd is a platform-based technology company. The company has three core business segments: i) Smart city solutions: provides cloud-based and digital citizen services including planning, design, consulting, system development, integration, implementation, and operations support to cities across China, ii) Hardware sales and system integration solutions: under which it supplies enterprise IT hardware and delivers system integration services, including servers, storage, PCs, networking equipment, and integrated solutions, iii) E-commerce supply chain services: providing end-to-end services covering e-commerce operations, supply chain management, cross-border sourcing and logistics across online and offline channels.
47GF Score
Get the complete analysis for HKSE:08106
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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