LBGJ (Li Bang International) Beneish M-Score: -2.62 (As of Jun. 30, 2026)


LBGJ Li Bang International Corp Inc LBGJ
28 GF Score
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What is Li Bang International Beneish M-Score?

Li Bang International LBGJ +6.36% 28 Beneish M-Score is -2.62 as of Jun. 30, 2026. GuruFocus rates LBGJ with a GF Score™ of 28/100. The stock has 6 warning signs investors should review. Among 2,918 Industrial Products companies, Li Bang International ranks better than 65.56% 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 -2.62 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Li Bang International's Beneish M-Score or its related term are showing as below:

LBGJ' s Beneish M-Score Range Over the Past 10 Years
Min: -2.62   Med: -2.14   Max: -1.34
Current: -2.62

During the past 6 years, the highest Beneish M-Score of Li Bang International was -1.34. The lowest was -2.62. And the median was -2.14.

Li Bang International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Li Bang International'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.

Li Bang International Beneish M-Score Chart

Li Bang International Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.34 -1.97 -2.31 -2.62

Li Bang International Semi-Annual Data
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 0.00 -2.31 0.00 -2.62 0.00

LBGJ vs CEIN, INLF, JCSE: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Li Bang International'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.

Li Bang International Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Li Bang International's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Li Bang International's Beneish M-Score falls into.


LBGJ
28GF Score
Li Bang International Corp Inc LBGJ
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Li Bang International 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 Li Bang International 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 * 1.0383+0.528 * 0.8578+0.404 * 0.7214+0.892 * 1.0289+0.115 * 1.0159
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0502+4.679 * -0.010275-0.327 * 0.8662
=-2.62

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $13.31 Mil.
Revenue was $11.11 Mil.
Gross Profit was $3.25 Mil.
Total Current Assets was $19.94 Mil.
Total Assets was $27.83 Mil.
Property, Plant and Equipment(Net PPE) was $2.63 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.43 Mil.
Selling, General, & Admin. Expense(SGA) was $3.61 Mil.
Total Current Liabilities was $16.95 Mil.
Long-Term Debt & Capital Lease Obligation was $3.07 Mil.
Net Income was $-1.01 Mil.
Gross Profit was $0.20 Mil.
Cash Flow from Operations was $-0.93 Mil.
 Total Receivables was $12.46 Mil.
Revenue was $10.79 Mil.
Gross Profit was $2.71 Mil.
Total Current Assets was $15.72 Mil.
Total Assets was $25.08 Mil.
Property, Plant and Equipment(Net PPE) was $2.79 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.46 Mil.
Selling, General, & Admin. Expense(SGA) was $3.34 Mil.
Total Current Liabilities was $17.02 Mil.
Long-Term Debt & Capital Lease Obligation was $3.81 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)
=(13.31 / 11.106) / (12.459 / 10.794)
=1.198451 / 1.154252
=1.0383

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)
=(2.708 / 10.794) / (3.248 / 11.106)
=0.25088 / 0.292455
=0.8578

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 - (19.94 + 2.633) / 27.834) / (1 - (15.718 + 2.791) / 25.08)
=0.189013 / 0.262002
=0.7214

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
=11.106 / 10.794
=1.0289

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))
=(0.461 / (0.461 + 2.791)) / (0.427 / (0.427 + 2.633))
=0.141759 / 0.139542
=1.0159

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)
=(3.609 / 11.106) / (3.34 / 10.794)
=0.324959 / 0.309431
=1.0502

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)
=((3.073 + 16.947) / 27.834) / ((3.807 + 17.018) / 25.08)
=0.719264 / 0.830343
=0.8662

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
=(-1.014 - 0.199 - -0.927) / 27.834
=-0.010275

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.

Li Bang International has a M-score of -2.62 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 -2.62 mean?
Li Bang International (LBGJ) has a Beneish M-Score of -2.62 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Li Bang International and its competitors. According to the industry distribution chart, Li Bang International ranks #1005 out of 2918 companies in the Industrial Products industry, placing it in the top 34.4%.
Is Li Bang International's Beneish M-Score too high?
Li Bang International's current Beneish M-Score is -2.62. Based on the distribution chart, Li Bang International ranks #1005 out of 2918 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Li Bang International has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Li Bang International's Beneish M-Score compare to CEIN and INLF?
According to the Industrial Products industry distribution chart, Li Bang International ranks #1005 out of 2918 companies for Beneish M-Score. This puts Li Bang International 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Li Bang International and its competitors. Li Bang International's current Beneish M-Score is -2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li Bang International stock overvalued right now?
Li Bang International (LBGJ) has a current Beneish M-Score of -2.62. The current Beneish M-Score is -2.62. Li Bang International's overall GF Score™ is 28/100 with 6 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 Li Bang International (LBGJ), the current Beneish M-Score is -2.62 as of Jun. 30, 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.

Li Bang International Business Description

Address No. 190 Xizhang Road, Gushan Town, Jiangsu Province, Jiangyin City, CHN, 214413
Li Bang International Corp Inc is a holding company. The firm through its subsidiaries engages in designing, developing, producing, and selling stainless steel commercial kitchen equipment in China under its own Libang brand. In addition, its subsidiaries provide customers with comprehensive services, from commercial kitchen design in the early stage to equipment installation and after-sales maintenance.
28GF 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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