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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 -2.47 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for China Golden Classic Group's Beneish M-Score or its related term are showing as below:
HKSE:08281'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.31 Med: -2.52 Max: 8.71
Current: -2.47
During the past 13 years, the highest Beneish M-Score of China Golden Classic Group was 8.71. The lowest was -3.31. And the median was -2.52.
* 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:08281 vs PG, CL, KVUE: Beneish M-Score Comparison
For the Household & Personal Products subindustry, China Golden Classic Group'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.
China Golden Classic Group Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, China Golden Classic Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where China Golden Classic Group's Beneish M-Score falls into.
China Golden Classic Group 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 China Golden Classic Group 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 * 1.1422
+
0.528 * 0.9077
+
0.404 * 0.9585
+
0.892 * 1.0637
+
0.115 * 1.0616
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.018
+
4.679 * -0.034105
-
0.327 * 0.875
=
-2.47
* 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))
=
(23.179 / (23.179 + 152.161))
/
(20.789 / (20.789 + 146.152))
=
0.132195
/
0.124529
=
1.0616
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
=
(11.286 - 0
-
23.953)
/
371.411
=
-0.034105
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.
China Golden Classic Group has a M-score of -2.47 suggests that the company is unlikely to be a manipulator.
China Golden Classic Group (HKSE:08281) has a Beneish M-Score of -2.47 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on China Golden Classic Group and its competitors. According to the industry distribution chart, China Golden Classic Group ranks #1018 out of 1858 companies in the Consumer Packaged Goods industry, placing it in the top 54.8%.
Is China Golden Classic Group's Beneish M-Score too high?
China Golden Classic Group's current Beneish M-Score is -2.47. Based on the distribution chart, China Golden Classic Group ranks #1018 out of 1858 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, China Golden Classic Group has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Golden Classic Group's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, China Golden Classic Group ranks #1018 out of 1858 companies for Beneish M-Score. This places China Golden Classic Group 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 China Golden Classic Group and its competitors. China Golden Classic Group's current Beneish M-Score is -2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Golden Classic Group stock overvalued right now?
Based on GuruFocus' analysis, China Golden Classic Group (HKSE:08281) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.30 — trading 145.8% above its estimated fair value. The current Beneish M-Score is -2.47. China Golden Classic Group's overall GF Score™ is 44/100 with 5 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 China Golden Classic Group (HKSE:08281), the current Beneish M-Score is -2.47 as of Aug. 17, 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 China Golden Classic Group (HKSE:08281) Overvalued in 2026?
Based on GuruFocus' analysis, China Golden Classic Group stock appears to be overvalued.
The current stock price of HK$0.30 is trading 145.8% above its estimated GF Value™ of HK$0.12.
GuruFocus considers China Golden Classic Group to be Significantly Overvalued.
Key valuation signals for HKSE:08281:
Beneish M-Score: -2.47
GF Value™: HK$0.12 vs. price of HK$0.30 (145.8% above fair value)
No single metric tells the full story. See the HKSE:08281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Golden Classic Group Ltd is a daily household product producer in China. The company focus on the production and sales of oral care products, include functional toothpastes, household products and leather care products. The company's reportable segment are: The Oral Care Products segment involves manufacturing and selling of oral care products including functional toothpaste, mouthwash, oral spray, and toothbrush; The Leather Care Products segment offers leather shoe care products and leather clothing care products; and The Household Hygiene Products segment comprises household hygiene products such as surface cleaners, laundry care products, toilet care products, and mould proof products. All of the group's operations are mainly located in the PRC.
44GF Score
Get the complete analysis for HKSE:08281
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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