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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 -2.57 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Archosaur Games's Beneish M-Score or its related term are showing as below:
HKSE:09990'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.07 Med: -2.57 Max: -1.79
Current: -2.57
During the past 9 years, the highest Beneish M-Score of Archosaur Games was -1.79. The lowest was -4.07. And the median was -2.57.
The historical data trend for Archosaur Games'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:09990 vs NTES, EA, TTWO: Beneish M-Score Comparison
For the Electronic Gaming & Multimedia subindustry, Archosaur Games'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.
Archosaur Games Beneish M-Score vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Archosaur Games's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Archosaur Games'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 Archosaur Games 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 * 0.7336
+
0.528 * 1.0222
+
0.404 * 0.6561
+
0.892 * 1.1828
+
0.115 * 2.3566
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7243
+
4.679 * 0.006023
-
0.327 * 1.3577
=
-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.
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))
=
(54.545 / (54.545 + 29.644))
/
(57.933 / (57.933 + 152.788))
=
0.647887
/
0.274928
=
2.3566
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
=
(-40.55 - 0
-
-58.296)
/
2946.369
=
0.006023
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.
Archosaur Games has a M-score of -2.57 suggests that the company is unlikely to be a manipulator.
Archosaur Games (HKSE:09990) has a Beneish M-Score of -2.57 as of Aug. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Archosaur Games and its competitors. According to the industry distribution chart, Archosaur Games ranks #298 out of 528 companies in the Interactive Media industry, placing it in the top 56.4%.
Is Archosaur Games' Beneish M-Score too high?
Archosaur Games' current Beneish M-Score is -2.57. Based on the distribution chart, Archosaur Games ranks #298 out of 528 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Archosaur Games has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Archosaur Games' Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Archosaur Games ranks #298 out of 528 companies for Beneish M-Score. This places Archosaur Games 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 Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Archosaur Games and its competitors. Archosaur Games's current Beneish M-Score is -2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Archosaur Games stock overvalued right now?
Based on GuruFocus' analysis, Archosaur Games (HKSE:09990) is currently considered Fairly Valued. The stock's GF Value™ is HK$2.05, compared to a current price of HK$1.90 — trading 7.6% below its estimated fair value. The current Beneish M-Score is -2.57. Archosaur Games' overall GF Score™ is 73/100 with 4 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 Archosaur Games (HKSE:09990), the current Beneish M-Score is -2.57 as of Aug. 28, 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 Archosaur Games (HKSE:09990) Overvalued in 2026?
Based on GuruFocus' analysis, Archosaur Games stock appears to be undervalued.
The current stock price of HK$1.90 is trading 7.6% below its estimated GF Value™ of HK$2.05.
GuruFocus considers Archosaur Games to be Fairly Valued.
Key valuation signals for HKSE:09990:
Beneish M-Score: -2.57
GF Value™: HK$2.05 vs. price of HK$1.90 (7.6% below fair value)
No single metric tells the full story. See the HKSE:09990 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Archosaur Games Inc is an investment holding company. The Group is principally engaged in the development and operating of mobile games in the PRC and other countries and regions. The Group operates in the mobile game industry, focusing on developing high-quality mobile MMORPGs, female-oriented games, strategy card games, idle RPGs, SLGs and other genres, including Life Makeover (Simulation), Under the Firmament (SLG), Dragon Raja (MMORPG), World of Kings (MMORPG), The Castle in the Sky (MMORPG) and Naval Creed (Others). The Group generates maximum revenue from the Chinese mainland.
73GF Score
Get the complete analysis for HKSE:09990
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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