Powerlong Commercial Management Holdings (HKSE:09909) Beneish M-Score: -2.86 (As of Aug. 17, 2026)

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HKSE:09909 Powerlong Commercial Management Holdings Ltd HKSE:09909
88 GF Score
Price HK$2.03
GF Value HK$2.72
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Powerlong Commercial Management Holdings Beneish M-Score?

Powerlong Commercial Management Holdings HKSE:09909 -2.17% 88 Beneish M-Score is -2.86 as of Aug. 17, 2026. GuruFocus rates HKSE:09909 with a GF Score™ of 88/100 and a GF Value™ of HK$2.72 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,680 Real Estate companies, Powerlong Commercial Management Holdings ranks better than 79.7% on this metric.

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 -2.86 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Powerlong Commercial Management Holdings's Beneish M-Score or its related term are showing as below:

HKSE:09909' s Beneish M-Score Range Over the Past 10 Years
Min: -3.56   Med: -2.72   Max: -2
Current: -2.86

During the past 10 years, the highest Beneish M-Score of Powerlong Commercial Management Holdings was -2.00. The lowest was -3.56. And the median was -2.72.

Powerlong Commercial Management Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Powerlong Commercial Management 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.

Powerlong Commercial Management Holdings Beneish M-Score Chart

Powerlong Commercial Management Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.02 -2.11 -2.00 -2.57 -2.86

Powerlong Commercial Management Holdings Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.00 0.00 -2.57 0.00 -2.86

HKSE:09909 vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Powerlong Commercial Management 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.

Powerlong Commercial Management Holdings Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Powerlong Commercial Management Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Powerlong Commercial Management Holdings's Beneish M-Score falls into.


HKSE:09909
88GF Score
Powerlong Commercial Management Holdings Ltd HKSE:09909
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Powerlong Commercial Management 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 Powerlong Commercial Management 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 * 0.886+0.528 * 1.0211+0.404 * 0.6213+0.892 * 1.0309+0.115 * 1.0081
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2971+4.679 * -0.0329-0.327 * 0.8687
=-2.86

* 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.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was HK$349 Mil.
Revenue was HK$2,881 Mil.
Gross Profit was HK$899 Mil.
Total Current Assets was HK$5,587 Mil.
Total Assets was HK$6,424 Mil.
Property, Plant and Equipment(Net PPE) was HK$34 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$86 Mil.
Selling, General, & Admin. Expense(SGA) was HK$432 Mil.
Total Current Liabilities was HK$2,022 Mil.
Long-Term Debt & Capital Lease Obligation was HK$579 Mil.
Net Income was HK$258 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$469 Mil.
 Total Receivables was HK$382 Mil.
Revenue was HK$2,794 Mil.
Gross Profit was HK$890 Mil.
Total Current Assets was HK$5,102 Mil.
Total Assets was HK$6,449 Mil.
Property, Plant and Equipment(Net PPE) was HK$48 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$125 Mil.
Selling, General, & Admin. Expense(SGA) was HK$323 Mil.
Total Current Liabilities was HK$1,737 Mil.
Long-Term Debt & Capital Lease Obligation was HK$1,268 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(348.787 / 2880.69) / (381.875 / 2794.423)
=0.121078 / 0.136656
=0.886

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(890.387 / 2794.423) / (898.91 / 2880.69)
=0.31863 / 0.312047
=1.0211

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (5586.814 + 33.99) / 6424.427) / (1 - (5102.482 + 48.373) / 6449.284)
=0.125089 / 0.201329
=0.6213

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=2880.69 / 2794.423
=1.0309

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(125.265 / (125.265 + 48.373)) / (85.522 / (85.522 + 33.99))
=0.721415 / 0.715593
=1.0081

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(432.352 / 2880.69) / (323.346 / 2794.423)
=0.150086 / 0.115711
=1.2971

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((579.044 + 2021.602) / 6424.427) / ((1268.169 + 1737.306) / 6449.284)
=0.404806 / 0.466017
=0.8687

8. TATA = Total Accruals to Total Assets

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
=(257.971 - 0 - 469.334) / 6424.427
=-0.0329

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.

Powerlong Commercial Management Holdings has a M-score of -2.86 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.86 mean?
Powerlong Commercial Management Holdings (HKSE:09909) has a Beneish M-Score of -2.86 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Powerlong Commercial Management Holdings and its competitors. According to the industry distribution chart, Powerlong Commercial Management Holdings ranks #341 out of 1680 companies in the Real Estate industry, placing it in the top 20.3%.
Is Powerlong Commercial Management Holdings' Beneish M-Score too high?
Powerlong Commercial Management Holdings' current Beneish M-Score is -2.86. Based on the distribution chart, Powerlong Commercial Management Holdings ranks #341 out of 1680 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Powerlong Commercial Management Holdings has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Powerlong Commercial Management Holdings' Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Powerlong Commercial Management Holdings ranks #341 out of 1680 companies for Beneish M-Score. This places Powerlong Commercial Management Holdings in the top 20% 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Powerlong Commercial Management Holdings and its competitors. Powerlong Commercial Management Holdings's current Beneish M-Score is -2.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Powerlong Commercial Management Holdings stock overvalued right now?
Based on GuruFocus' analysis, Powerlong Commercial Management Holdings (HKSE:09909) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$2.72, compared to a current price of HK$2.03 — trading 25.4% below its estimated fair value. The current Beneish M-Score is -2.86. Powerlong Commercial Management Holdings' overall GF Score™ is 88/100 with 3 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 Powerlong Commercial Management Holdings (HKSE:09909), the current Beneish M-Score is -2.86 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 Powerlong Commercial Management Holdings (HKSE:09909) Overvalued in 2026?

Based on GuruFocus' analysis, Powerlong Commercial Management Holdings stock appears to be undervalued. The current stock price of HK$2.03 is trading 25.4% below its estimated GF Value™ of HK$2.72. GuruFocus considers Powerlong Commercial Management Holdings to be Modestly Undervalued.

Key valuation signals for HKSE:09909:

  • Beneish M-Score: -2.86
  • GF Value™: HK$2.72 vs. price of HK$2.03 (25.4% below fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the HKSE:09909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Powerlong Commercial Management Holdings Business Description

Address 1399 Xinzhen Road, Powerlong Tower, Minhang District, Shanghai, CHN, 201101
Powerlong Commercial Management Holdings Ltd is a commercial operation service provider in China. The company provides commercial operation services for developers, tenants, and owners of retail commercial properties. It operates through two segments: Commercial operational services and Residential property management services. Commercial operational services provide full-chain services including positioning, tenant sourcing, opening, and operation to management concerning shopping malls and shopping streets; Property management services, for residential properties, office buildings, and serviced apartments. Its commercial operational services are provided under four brands, namely Powerlong One Mall, Powerlong City, Powerlong Plaza, and Powerlong Land.
88GF Score

Get the complete analysis for HKSE:09909

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$2.03
Price
HK$2.72
GF Value