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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 -3.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Max Sight Group Holdings's Beneish M-Score or its related term are showing as below:
HKSE:08483'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.76 Med: -2.57 Max: -1.78
Current: -3.79
During the past 11 years, the highest Beneish M-Score of Max Sight Group Holdings was -1.78. The lowest was -5.76. And the median was -2.57.
* 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:08483 vs ROL, SCI, HRB: Beneish M-Score Comparison
For the Personal Services subindustry, Max Sight 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.
Max Sight Group Holdings Beneish M-Score vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Max Sight Group Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Max Sight Group Holdings's Beneish M-Score falls into.
Max Sight 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 Max Sight 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 * 1.4379
+
0.528 * 1.1285
+
0.404 * 1.3295
+
0.892 * 0.6717
+
0.115 * 0.9162
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2155
+
4.679 * -0.32311
-
0.327 * 1.2033
=
-3.79
* 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))
=
(9.938 / (9.938 + 16.811))
/
(10.3 / (10.3 + 15.101))
=
0.371528
/
0.405496
=
0.9162
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
=
(-4.598 - 0
-
7.001)
/
35.898
=
-0.32311
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.
Max Sight Group Holdings has a M-score of -3.79 suggests that the company is unlikely to be a manipulator.
Max Sight Group Holdings (HKSE:08483) has a Beneish M-Score of -3.79 as of Aug. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Max Sight Group Holdings and its competitors. According to the industry distribution chart, Max Sight Group Holdings ranks #7 out of 90 companies in the Personal Services industry, placing it in the top 7.8%.
Is Max Sight Group Holdings' Beneish M-Score too high?
Max Sight Group Holdings' current Beneish M-Score is -3.79. Based on the distribution chart, Max Sight Group Holdings ranks #7 out of 90 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, Max Sight Group Holdings has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Max Sight Group Holdings' Beneish M-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Max Sight Group Holdings ranks #7 out of 90 companies for Beneish M-Score. This places Max Sight Group Holdings in the top 8% 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 Personal Services company?
A good Beneish M-Score depends on the Personal Services 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 Max Sight Group Holdings and its competitors. Max Sight Group Holdings's current Beneish M-Score is -3.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Sight Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Max Sight Group Holdings (HKSE:08483) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.17 — trading 145.7% above its estimated fair value. The current Beneish M-Score is -3.79. Max Sight Group Holdings' overall GF Score™ is 56/100 with 2 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 Max Sight Group Holdings (HKSE:08483), the current Beneish M-Score is -3.79 as of Aug. 25, 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 Max Sight Group Holdings (HKSE:08483) Overvalued in 2026?
Based on GuruFocus' analysis, Max Sight Group Holdings stock appears to be overvalued.
The current stock price of HK$0.17 is trading 145.7% above its estimated GF Value™ of HK$0.07.
GuruFocus considers Max Sight Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:08483:
Beneish M-Score: -3.79
GF Value™: HK$0.07 vs. price of HK$0.17 (145.7% above fair value)
No single metric tells the full story. See the HKSE:08483 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Sight Group Holdings Ltd is principally engaged in the provision of photography services by supplying automatic identity photo booths in Hong Kong and Guangdong provinces. In addition, it is also engaged in the provision of medical services by operating medical centers in Hong Kong. The company operates through three segments namely, Photography services in Hong Kong, Photography services in Mainland China, and Medical services in Hong Kong. The Hong Kong region generates maximum revenue for the company.
56GF Score
Get the complete analysis for HKSE:08483
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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