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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 -3.22 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bosa Technology Holdings's Beneish M-Score or its related term are showing as below:
HKSE:08140'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.22 Med: -2.23 Max: 10000000
Current: -3.22
During the past 10 years, the highest Beneish M-Score of Bosa Technology Holdings was 10000000.00. The lowest was -3.22. And the median was -2.23.
* 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:08140 vs NUE, STLD, RS: Beneish M-Score Comparison
For the Steel subindustry, Bosa Technology 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.
Bosa Technology Holdings Beneish M-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Bosa Technology Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bosa Technology 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 Bosa Technology 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 * 0.7972
+
0.528 * 0.9511
+
0.404 * 0.5985
+
0.892 * 0.8175
+
0.115 * 0.7003
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2816
+
4.679 * -0.044152
-
0.327 * 0.7334
=
-3.22
* 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))
=
(7.121 / (7.121 + 10.97))
/
(6.286 / (6.286 + 4.898))
=
0.393621
/
0.562053
=
0.7003
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
=
(31.561 - 0
-
41.897)
/
234.098
=
-0.044152
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.
Bosa Technology Holdings has a M-score of -3.22 suggests that the company is unlikely to be a manipulator.
Bosa Technology Holdings (HKSE:08140) has a Beneish M-Score of -3.22 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bosa Technology Holdings and its competitors. According to the industry distribution chart, Bosa Technology Holdings ranks #67 out of 589 companies in the Steel industry, placing it in the top 11.4%.
Is Bosa Technology Holdings' Beneish M-Score too high?
Bosa Technology Holdings' current Beneish M-Score is -3.22. Based on the distribution chart, Bosa Technology Holdings ranks #67 out of 589 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Bosa Technology Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bosa Technology Holdings' Beneish M-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Bosa Technology Holdings ranks #67 out of 589 companies for Beneish M-Score. This places Bosa Technology Holdings in the top 11% 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 Steel company?
A good Beneish M-Score depends on the Steel 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 Bosa Technology Holdings and its competitors. Bosa Technology Holdings's current Beneish M-Score is -3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bosa Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bosa Technology Holdings (HKSE:08140) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.12 — trading 71.4% above its estimated fair value. The current Beneish M-Score is -3.22. Bosa Technology Holdings' overall GF Score™ is 64/100 with 1 warning sign 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 Bosa Technology Holdings (HKSE:08140), the current Beneish M-Score is -3.22 as of Aug. 19, 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 Bosa Technology Holdings (HKSE:08140) Overvalued in 2026?
Based on GuruFocus' analysis, Bosa Technology Holdings stock appears to be overvalued.
The current stock price of HK$0.12 is trading 71.4% above its estimated GF Value™ of HK$0.07.
GuruFocus considers Bosa Technology Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08140:
Beneish M-Score: -3.22
GF Value™: HK$0.07 vs. price of HK$0.12 (71.4% above fair value)
No single metric tells the full story. See the HKSE:08140 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bosa Technology Holdings Ltd is an investment holding company, and the principal activity of its subsidiaries is to provide mechanical splicing services to the reinforced concrete construction industry in Hong Kong. Its mechanical splicing services includes two elements: Processing reinforcing bars and Connecting reinforcing bars by couplers. The company provides two types of reinforcing bars processing services: Servisplice and the Seisplice.
64GF Score
Get the complete analysis for HKSE:08140
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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