Jiading International Group Holdings (HKSE:08153) Beneish M-Score: 0.00 (As of Aug. 08, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HKSE:08153 Jiading International Group Holdings Ltd HKSE:08153
29 GF Score
Price HK$0.73
GF Value HK$0.52
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Jiading International Group Holdings Beneish M-Score?

Jiading International Group Holdings HKSE:08153 29 Beneish M-Score is 0.00 as of Aug. 08, 2026. GuruFocus rates HKSE:08153 with a GF Score™ of 29/100 and a GF Value™ of HK$0.52 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 972 Media - Diversified companies, Jiading International Group Holdings ranks worse than 102880.56% 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 Jiading International Group Holdings's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Jiading International Group Holdings was 15.47. The lowest was -24.57. And the median was -2.42.

Jiading International Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Jiading International Group 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.

Jiading International Group Holdings Beneish M-Score Chart

Jiading International Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -1.66 -1.73 -2.42 0.00

Jiading International Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.73 0.00 -2.42 0.00 0.00

HKSE:08153 vs APP, OMC, TTD: Beneish M-Score Comparison

For the Advertising Agencies subindustry, Jiading International Group 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.

Jiading International Group Holdings Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Jiading International Group Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Jiading International Group Holdings's Beneish M-Score falls into.


HKSE:08153
29GF Score
Jiading International Group Holdings Ltd HKSE:08153
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiading International Group 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 Jiading International Group 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was HK$68.71 Mil.
Revenue was HK$75.52 Mil.
Gross Profit was HK$1.04 Mil.
Total Current Assets was HK$79.40 Mil.
Total Assets was HK$79.60 Mil.
Property, Plant and Equipment(Net PPE) was HK$0.20 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$0.95 Mil.
Selling, General, & Admin. Expense(SGA) was HK$15.40 Mil.
Total Current Liabilities was HK$18.32 Mil.
Long-Term Debt & Capital Lease Obligation was HK$0.07 Mil.
Net Income was HK$-8.79 Mil.
Gross Profit was HK$0.00 Mil.
Cash Flow from Operations was HK$-4.56 Mil.
 Total Receivables was HK$83.75 Mil.
Revenue was HK$88.28 Mil.
Gross Profit was HK$3.24 Mil.
Total Current Assets was HK$97.51 Mil.
Total Assets was HK$98.84 Mil.
Property, Plant and Equipment(Net PPE) was HK$1.33 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3.35 Mil.
Selling, General, & Admin. Expense(SGA) was HK$34.68 Mil.
Total Current Liabilities was HK$35.04 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)
=(68.711 / 75.517) / (83.753 / 88.284)
=0.909875 / 0.948677
=

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)
=(3.238 / 88.284) / (1.038 / 75.517)
=0.036677 / 0.013745
=

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 - (79.396 + 0.202) / 79.598) / (1 - (97.514 + 1.325) / 98.839)
=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
=75.517 / 88.284
=

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))
=(3.351 / (3.351 + 1.325)) / (0.954 / (0.954 + 0.202))
=0.716638 / 0.82526
=

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)
=(15.403 / 75.517) / (34.679 / 88.284)
=0.203967 / 0.392812
=

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)
=((0.065 + 18.32) / 79.598) / ((0 + 35.039) / 98.839)
=0.230973 / 0.354506
=

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
=(-8.785 - 0 - -4.557) / 79.598
=-0.053117

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?
Jiading International Group Holdings (HKSE:08153) has a Beneish M-Score of 0.00 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jiading International Group Holdings and its competitors. According to the industry distribution chart, Jiading International Group Holdings ranks #999999 out of 972 companies in the Media - Diversified industry.
Is Jiading International Group Holdings' Beneish M-Score too high?
Jiading International Group Holdings' current Beneish M-Score is 0.00. Based on the distribution chart, Jiading International Group Holdings ranks #999999 out of 972 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Jiading International Group Holdings has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiading International Group Holdings' Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Jiading International Group Holdings ranks #999999 out of 972 companies for Beneish M-Score. This places Jiading International Group Holdings 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Jiading International Group Holdings and its competitors. Jiading International Group Holdings'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 Jiading International Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Jiading International Group Holdings (HKSE:08153) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.52, compared to a current price of HK$0.73 — trading 40.4% above its estimated fair value. The current Beneish M-Score is 0.00. Jiading International Group Holdings' overall GF Score™ is 29/100 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 Jiading International Group Holdings (HKSE:08153), the current Beneish M-Score is 0.00 as of Aug. 08, 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 Jiading International Group Holdings (HKSE:08153) Overvalued in 2026?

Based on GuruFocus' analysis, Jiading International Group Holdings stock appears to be overvalued. The current stock price of HK$0.73 is trading 40.4% above its estimated GF Value™ of HK$0.52. GuruFocus considers Jiading International Group Holdings to be Significantly Overvalued.

Key valuation signals for HKSE:08153:

  • Beneish M-Score: 0.00
  • GF Value™: HK$0.52 vs. price of HK$0.73 (40.4% above fair value)
  • GF Score™: 29/100 with 4 warning signs

No single metric tells the full story. See the HKSE:08153 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Jiading International Group Holdings Business Description

Address 317-319 Des Voeux Road Central, Room 2004B, Kai Tak Commercial Building, Sheung Wan, Hong Kong, HKG
Jiading International Group Holdings Ltd, formerly Farnova Group Holdings Ltd is an investment holding company. The principal activities of the Group are advertising in Hong Kong, the sales of new energy electric vehicles in the PRC and the sales of new energy battery in the PRC. The company is engaged in the segments of Sale of health products, sale of new energy off-road vehicles and sale of new energy battery. The vast majority of the revenue is generated from the Advertising segment which is engaged in provision of advertising services in Hong Kong and the PRC. Its geographical segments include Hong Kong, which generates the majority of revenue, and then People's Republic of China.
29GF Score

Get the complete analysis for HKSE:08153

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

HK$0.73
Price
HK$0.52
GF Value