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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.
Warning Sign:
Beneish M-Score 13.78 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Sun Kong Holdings's Beneish M-Score or its related term are showing as below:
HKSE:08631'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.13 Med: -2.54 Max: 13.78
Current: 13.78
During the past 10 years, the highest Beneish M-Score of Sun Kong Holdings was 13.78. The lowest was -3.13. And the median was -2.54.
The historical data trend for Sun Kong 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.
HKSE:08631 vs MPC, VLO, PSX: Beneish M-Score Comparison
For the Oil & Gas Refining & Marketing subindustry, Sun Kong 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.
Sun Kong Holdings Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Sun Kong Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sun Kong 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 Sun Kong 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 * 1.0092
+
0.528 * 40.9787
+
0.404 * 0
+
0.892 * 0.8039
+
0.115 * 0.625
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3694
+
4.679 * -0.75114
-
0.327 * 2.9999
=
13.78
* 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))
=
(2.547 / (2.547 + 2.262))
/
(2.649 / (2.649 + 0.477))
=
0.529632
/
0.847409
=
0.625
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
=
(-38.573 - 0
-
-10.744)
/
37.049
=
-0.75114
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.
Sun Kong Holdings has a M-score of 13.78 signals that the company is likely to be a manipulator.
Sun Kong Holdings (HKSE:08631) has a Beneish M-Score of 13.78 as of Sep. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sun Kong Holdings and its competitors. According to the industry distribution chart, Sun Kong Holdings ranks #818 out of 830 companies in the Oil & Gas industry, placing it in the top 98.6%.
Is Sun Kong Holdings' Beneish M-Score too high?
Sun Kong Holdings' current Beneish M-Score is 13.78. Based on the distribution chart, Sun Kong Holdings ranks #818 out of 830 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Sun Kong Holdings has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Sun Kong Holdings' Beneish M-Score compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Sun Kong Holdings ranks #818 out of 830 companies for Beneish M-Score. This places Sun Kong 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 an Oil & Gas company?
A good Beneish M-Score depends on the Oil & Gas 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 Sun Kong Holdings and its competitors. Sun Kong Holdings's current Beneish M-Score is 13.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sun Kong Holdings stock overvalued right now?
Sun Kong Holdings (HKSE:08631) has a current Beneish M-Score of 13.78. The stock's GF Value™ is HK$0.57, compared to a current price of HK$0.43 — trading 24.6% below its estimated fair value. The current Beneish M-Score is 13.78. Sun Kong Holdings' overall GF Score™ is 34/100 with 9 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 Sun Kong Holdings (HKSE:08631), the current Beneish M-Score is 13.78 as of Sep. 07, 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 Sun Kong Holdings (HKSE:08631) Overvalued in 2026?
Based on GuruFocus' analysis, Sun Kong Holdings stock appears to be undervalued.
The current stock price of HK$0.43 is trading 24.6% below its estimated GF Value™ of HK$0.57.
Key valuation signals for HKSE:08631:
Beneish M-Score: 13.78
GF Value™: HK$0.57 vs. price of HK$0.43 (24.6% below fair value)
No single metric tells the full story. See the HKSE:08631 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sun Kong Holdings Ltd is engaged in the sale of diesel fuel in Hong Kong. Its sales services include procuring diesel fuel through oil trading companies, dispatching the fleet of diesel tanker trucks to the supplier's designated oil depots to load the diesel fuel, and finally delivering the diesel fuel to the customer's designated destination.
34GF Score
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