Atlas HondaKAR:ATLH 83 Beneish M-Score is -2.64 as of Jun. 27, 2026. GuruFocus rates KAR:ATLH with a GF Score™ of 83/100 and a GF Value™ of ₨1,300.00 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,274 Vehicles & Parts companies, Atlas Honda ranks better than 59.26% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Atlas Honda's Beneish M-Score or its related term are showing as below:
KAR:ATLH'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.82 Med: -2.63 Max: -1.48
Current: -2.64
During the past 13 years, the highest Beneish M-Score of Atlas Honda was -1.48. The lowest was -3.82. And the median was -2.63.
Atlas Honda Beneish M-Score Related Terms
Atlas Honda Beneish M-Score Historical Data
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The historical data trend for Atlas Honda'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.
KAR:ATLH vs TSLA, GM, F: Beneish M-Score Comparison
For the Auto Manufacturers subindustry, Atlas Honda'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.
Atlas Honda Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Atlas Honda's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Atlas Honda'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 Atlas Honda 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 * 0.6196
+
0.528 * 0.8221
+
0.404 * 0.9051
+
0.892 * 1.3435
+
0.115 * 1.0022
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8874
+
4.679 * -0.00467
-
0.327 * 0.9522
=
-2.64
* 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))
=
(1636.956 / (1636.956 + 12629.323))
/
(1771.093 / (1771.093 + 13697.87))
=
0.114743
/
0.114493
=
1.0022
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
=
(21120.458 - 0
-
21613.214)
/
105515.041
=
-0.00467
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.
Atlas Honda has a M-score of -2.64 suggests that the company is unlikely to be a manipulator.
Atlas Honda (KAR:ATLH) has a Beneish M-Score of -2.64 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Atlas Honda and its competitors. According to the industry distribution chart, Atlas Honda ranks #519 out of 1274 companies in the Vehicles & Parts industry, placing it in the top 40.7%.
Is Atlas Honda's Beneish M-Score too high?
Atlas Honda's current Beneish M-Score is -2.64. Based on the distribution chart, Atlas Honda ranks #519 out of 1274 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Atlas Honda has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atlas Honda's Beneish M-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Atlas Honda ranks #519 out of 1274 companies for Beneish M-Score. This puts Atlas Honda 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Atlas Honda and its competitors. Atlas Honda's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Honda stock overvalued right now?
Based on GuruFocus' analysis, Atlas Honda (KAR:ATLH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨1,300.00, compared to a current price of ₨1,716.84 — trading 32.1% above its estimated fair value. The current Beneish M-Score is -2.64. Atlas Honda'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 Atlas Honda (KAR:ATLH), the current Beneish M-Score is -2.64 as of Jun. 27, 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 Atlas Honda (KAR:ATLH) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Honda stock appears to be overvalued.
The current stock price of ₨1,716.84 is trading 32.1% above its estimated GF Value™ of ₨1,300.00.
GuruFocus considers Atlas Honda to be Significantly Overvalued.
Key valuation signals for KAR:ATLH:
Beneish M-Score: -2.64
GF Value™: ₨1,300.00 vs. price of ₨1,716.84 (32.1% above fair value)
No single metric tells the full story. See the KAR:ATLH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Honda Ltd is principally engaged in progressive manufacturing and marketing of motorcycles and spare parts. The company is Pakistan's main motorcycle manufacturer, committed to delivering reliable and high-quality products and affordable mobility solutions. The Company is engaged in the manufacturing and marketing of motorcycles, spare parts and engine oil in Pakistan. The product portfolio covers a comprehensive range of engine and performance parts, braking and suspension components, body and frame accessories, lubricants, tyres, batteries, and rider accessories designed to support optimum motorcycle performance, durability, safety, and riding comfort. The company has operating in Single segment.
83GF Score
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