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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 -2.96 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Super Hi International Holding's Beneish M-Score or its related term are showing as below:
HKSE:09658'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.06 Med: -2.97 Max: -2.59
Current: -2.96
During the past 7 years, the highest Beneish M-Score of Super Hi International Holding was -2.59. The lowest was -3.06. And the median was -2.97.
* 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.
Super Hi International Holding Beneish M-Score Chart
HKSE:09658 vs MCD, SBUX, YUM: Beneish M-Score Comparison
For the Restaurants subindustry, Super Hi International Holding'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.
Super Hi International Holding Beneish M-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Super Hi International Holding's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Super Hi International Holding's Beneish M-Score falls into.
Super Hi International Holding 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 Super Hi International Holding 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 * 0.9922
+
0.528 * 1.0114
+
0.404 * 1.0264
+
0.892 * 1.1053
+
0.115 * 1.0428
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0682
+
4.679 * -0.123884
-
0.327 * 1.0027
=
-2.96
* 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))
=
(625.945 / (625.945 + 2605.015))
/
(651.38 / (651.38 + 2854.817))
=
0.193733
/
0.18578
=
1.0428
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
=
(223.691 - 13.142
-
930.444)
/
5811.039
=
-0.123884
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.
Super Hi International Holding has a M-score of -2.96 suggests that the company is unlikely to be a manipulator.
Super Hi International Holding (HKSE:09658) has a Beneish M-Score of -2.96 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Super Hi International Holding and its competitors. According to the industry distribution chart, Super Hi International Holding ranks #125 out of 358 companies in the Restaurants industry, placing it in the top 34.9%.
Is Super Hi International Holding's Beneish M-Score too high?
Super Hi International Holding's current Beneish M-Score is -2.96. Based on the distribution chart, Super Hi International Holding ranks #125 out of 358 companies in the Restaurants industry, which is above the industry midpoint. Overall, Super Hi International Holding has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Super Hi International Holding's Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Super Hi International Holding ranks #125 out of 358 companies for Beneish M-Score. This puts Super Hi International Holding in the upper 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Super Hi International Holding and its competitors. Super Hi International Holding's current Beneish M-Score is -2.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Hi International Holding stock overvalued right now?
Based on GuruFocus' analysis, Super Hi International Holding (HKSE:09658) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$17.13, compared to a current price of HK$10.48 — trading 38.8% below its estimated fair value. The current Beneish M-Score is -2.96. Super Hi International Holding's overall GF Score™ is 81/100 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 Super Hi International Holding (HKSE:09658), the current Beneish M-Score is -2.96 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 Super Hi International Holding (HKSE:09658) Overvalued in 2026?
Based on GuruFocus' analysis, Super Hi International Holding stock appears to be undervalued.
The current stock price of HK$10.48 is trading 38.8% below its estimated GF Value™ of HK$17.13.
GuruFocus considers Super Hi International Holding to be Significantly Undervalued.
Key valuation signals for HKSE:09658:
Beneish M-Score: -2.96
GF Value™: HK$17.13 vs. price of HK$10.48 (38.8% below fair value)
No single metric tells the full story. See the HKSE:09658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Super Hi International Holding Ltd is an investment holding company, and its subsidiaries are principally engaged in restaurant operations, delivery business, and sales of hot pot condiment products and food ingredients located in the overseas market outside Mainland China, Hong Kong, Macau, and Taiwan. Its mission is to become a world-wide integrated restaurant group, build the world's Chinese cuisine brand, and promote Chinese culinary heritage world-wide.
81GF Score
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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