LNGPF (Longfor Group Holdings) Beneish M-Score: -2.27 (As of Jun. 26, 2026)

What is Longfor Group Holdings Beneish M-Score?

Longfor Group Holdings LNGPF 70 Beneish M-Score is -2.27 as of Jun. 26, 2026. GuruFocus rates LNGPF with a GF Score™ of 70/100 and a GF Value™ of $1.40. The stock has 8 warning signs investors should review. Among 1,682 Real Estate companies, Longfor Group Holdings ranks worse than 56.06% 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 -2.27 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LNGPF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.91 Med: -2.32 Max: -1.89
Current: -2.27

During the past 13 years, the highest Beneish M-Score of Longfor Group Holdings was -1.89. The lowest was -2.91. And the median was -2.32.

Longfor Group Holdings Beneish M-Score Related Terms

Longfor Group Holdings Beneish M-Score Historical Data

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The historical data trend for Longfor Group 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.

Longfor Group Holdings Beneish M-Score Chart

Longfor Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.25

-2.52

-2.37

-2.27

Longfor Group Holdings Semi-Annual Data
	Jun16	Dec16	Jun17	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															-2.52	0.00	-2.37	0.00	-2.27

Longfor Group Holdings Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Longfor Group 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.

Longfor Group Holdings Beneish M-Score vs Real Estate Industry

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

* The bar in red indicates where Longfor Group Holdings's Beneish M-Score falls into.

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70GF Score

Longfor Group Holdings Ltd LNGPF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Longfor Group 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 Longfor Group Holdings for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.1611

0.528 * 1.6514

0.404 * 1.1559

0.892 * 0.7891

0.115 * 0.9036

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9889

4.679 * -0.034999

0.327 * 0.9386

-2.27

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $11,659 Mil.
Revenue was $13,816 Mil.
Gross Profit was $1,340 Mil.
Total Current Assets was $44,934 Mil.
Total Assets was $84,601 Mil.
Property, Plant and Equipment(Net PPE) was $333 Mil.
Depreciation, Depletion and Amortization(DDA) was $46 Mil.
Selling, General, & Admin. Expense(SGA) was $932 Mil.
Total Current Liabilities was $26,509 Mil.
Long-Term Debt & Capital Lease Obligation was $21,131 Mil.
Net Income was $145 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $3,106 Mil.

Total Receivables was $12,725 Mil.
Revenue was $17,509 Mil.
Gross Profit was $2,803 Mil.
Total Current Assets was $54,254 Mil.
Total Assets was $91,426 Mil.
Property, Plant and Equipment(Net PPE) was $396 Mil.
Depreciation, Depletion and Amortization(DDA) was $49 Mil.
Selling, General, & Admin. Expense(SGA) was $1,195 Mil.
Total Current Liabilities was $33,084 Mil.
Long-Term Debt & Capital Lease Obligation was $21,767 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)
	=	(11658.726 / 13815.969)	/	(12724.586 / 17508.612)
	=	0.843859	/	0.726762
	=	1.1611

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)
	=	(2803.449 / 17508.612)	/	(1339.57 / 13815.969)
	=	0.160118	/	0.096958
	=	1.6514

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 - (44934.427 + 332.626) / 84601.084)	/	(1 - (54253.952 + 396.066) / 91425.52)
	=	0.464935	/	0.402245
	=	1.1559

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
	=	13815.969	/	17508.612
	=	0.7891

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))
	=	(48.944 / (48.944 + 396.066))	/	(46.095 / (46.095 + 332.626))
	=	0.109984	/	0.121712
	=	0.9036

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)
	=	(932.196 / 13815.969)	/	(1194.597 / 17508.612)
	=	0.067472	/	0.068229
	=	0.9889

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)
	=	((21130.531 + 26509.132) / 84601.084)	/	((21766.838 + 33084.374) / 91425.52)
	=	0.563109	/	0.599955
	=	0.9386

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
	=	(145.083 - 0	-	3106.024)	/	84601.084
	=	-0.034999

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.

Longfor Group Holdings has a M-score of -2.27 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 -2.27 mean?

Longfor Group Holdings (LNGPF) has a Beneish M-Score of -2.27 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Longfor Group Holdings and its competitors. According to the industry distribution chart, Longfor Group Holdings ranks #943 out of 1682 companies in the Real Estate industry, placing it in the top 56.1%.

Is Longfor Group Holdings' Beneish M-Score too high?

Longfor Group Holdings' current Beneish M-Score is -2.27. Based on the distribution chart, Longfor Group Holdings ranks #943 out of 1682 companies in the Real Estate industry, which is below the industry midpoint. Overall, Longfor Group Holdings has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.

How does Longfor Group Holdings' Beneish M-Score compare to competitors?

According to the Real Estate industry distribution chart, Longfor Group Holdings ranks #943 out of 1682 companies for Beneish M-Score. This places Longfor Group Holdings 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 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 Longfor Group Holdings and its competitors. Longfor Group Holdings's current Beneish M-Score is -2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Longfor Group Holdings stock overvalued right now?

Longfor Group Holdings (LNGPF) has a current Beneish M-Score of -2.27. The stock's GF Value™ is $1.40, compared to a current price of $1.35 — trading 3.6% below its estimated fair value. The current Beneish M-Score is -2.27. Longfor Group Holdings' overall GF Score™ is 70/100 with 8 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 Longfor Group Holdings (LNGPF), the current Beneish M-Score is -2.27 as of Jun. 26, 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 Longfor Group Holdings (LNGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Longfor Group Holdings stock appears to be undervalued. The current stock price of $1.35 is trading 3.6% below its estimated GF Value™ of $1.40.

Key valuation signals for LNGPF:

Beneish M-Score: -2.27
GF Value™: $1.40 vs. price of $1.35 (3.6% below fair value)
GF Score™: 70/100 with 8 warning signs

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

Longfor Group Holdings Business Description

Industry Real Estate Real Estate

Comparable Companies HKSE:00004 HKSE:01908 HKSE:00683 HKSE:00817 HKSE:03900 HKSE:00123 HKSE:01396 HKSE:01918 HKSE:01030 HKSE:02007 HKSE:00016 HKSE:01109 DFM:EMAAR STC:VHM HKSE:00688 HKSE:01113 TSE:1925 ADX:ALDAR SGX:H78 DFM:EMAARDEV

Other Exchanges LGFRY:USA 00960:Hong Kong RLF:Germany

Address No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Chaoyang District, Beijing, CHN, 100012

Website https://www.longfor.com

Longfor Group Holdings, or Longfor, is a non-state-owned real estate developer in China with contracted sales value placing it among the top 10 of all China's developers. The company focuses on developing high quality residential projects, as well as operating shopping malls and rental apartments in China's wealthier cities. Property development represents the majority of Longfor's revenue and gross profit, while income from commercial properties, property management and project management services have been growing fast. As at end-2025, Wu Yajun remained the largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.

70GF Score

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

$1.35

Price

$1.40

GF Value

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