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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 -2.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Ocean One Holding's Beneish M-Score or its related term are showing as below:
HKSE:09876'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.75 Med: -2.3 Max: -1.61
Current: -2.29
During the past 11 years, the highest Beneish M-Score of Ocean One Holding was -1.61. The lowest was -2.75. And the median was -2.30.
The historical data trend for Ocean One Holding'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:09876 vs KHC, GIS: Beneish M-Score Comparison
For the Packaged Foods subindustry, Ocean One 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.
Ocean One Holding Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean One Holding's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Ocean One Holding'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 Ocean One 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 * 1.0133
+
0.528 * 1.0244
+
0.404 * 0.8763
+
0.892 * 1.0771
+
0.115 * 0.9632
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1504
+
4.679 * 0.03363
-
0.327 * 0.9391
=
-2.29
* 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))
=
(4.484 / (4.484 + 50.303))
/
(4.353 / (4.353 + 46.874))
=
0.081844
/
0.084975
=
0.9632
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
=
(39.172 - 0
-
27.908)
/
334.942
=
0.03363
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.
Ocean One Holding has a M-score of -2.29 suggests that the company is unlikely to be a manipulator.
Ocean One Holding (HKSE:09876) has a Beneish M-Score of -2.29 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ocean One Holding and its competitors. According to the industry distribution chart, Ocean One Holding ranks #1247 out of 1855 companies in the Consumer Packaged Goods industry, placing it in the top 67.2%.
Is Ocean One Holding's Beneish M-Score too high?
Ocean One Holding's current Beneish M-Score is -2.29. Based on the distribution chart, Ocean One Holding ranks #1247 out of 1855 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Ocean One Holding has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ocean One Holding's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Ocean One Holding ranks #1247 out of 1855 companies for Beneish M-Score. This places Ocean One Holding 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 Ocean One Holding and its competitors. Ocean One Holding's current Beneish M-Score is -2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean One Holding stock overvalued right now?
Based on GuruFocus' analysis, Ocean One Holding (HKSE:09876) is currently considered Fairly Valued. The stock's GF Value™ is HK$2.28, compared to a current price of HK$2.18 — trading 4.4% below its estimated fair value. The current Beneish M-Score is -2.29. Ocean One Holding's overall GF Score™ is 83/100 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 Ocean One Holding (HKSE:09876), the current Beneish M-Score is -2.29 as of Aug. 15, 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 Ocean One Holding (HKSE:09876) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean One Holding stock appears to be undervalued.
The current stock price of HK$2.18 is trading 4.4% below its estimated GF Value™ of HK$2.28.
GuruFocus considers Ocean One Holding to be Fairly Valued.
Key valuation signals for HKSE:09876:
Beneish M-Score: -2.29
GF Value™: HK$2.28 vs. price of HK$2.18 (4.4% below fair value)
No single metric tells the full story. See the HKSE:09876 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean One Holding Ltd is a frozen seafood importer and wholesaler in Hong Kong. The company offers frozen seafood products sourced from suppliers located overseas to Frozen Seafood Resellers and Frozen Seafood Catering Service Providers. The company offers a diverse and wide range of frozen seafood products, which include prawns, scallops, oysters, surf clams, fish, crabs, roe, octopuses, cuttlefish, and others. Geographically, it derives the majority of its revenue from Hong Kong.
83GF Score
Get the complete analysis for HKSE:09876
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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