LSH (Lakeside Holding) Beneish M-Score: -0.61 (As of Jun. 27, 2026)


LSH Lakeside Holding Ltd LSH
14 GF Score
Price $0.47
! 3 Warning Signs
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What is Lakeside Holding Beneish M-Score?

Lakeside Holding LSH +10.14% 14 Beneish M-Score is -0.61 as of Jun. 27, 2026. GuruFocus rates LSH with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 966 Transportation companies, Lakeside Holding ranks worse than 93.89% 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.

Warning Sign:

Beneish M-Score -0.61 higher than -1.78, which implies that the company might have manipulated its financial results.

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

LSH' s Beneish M-Score Range Over the Past 10 Years
Min: -4.54   Med: -1.77   Max: -0.08
Current: -0.61

During the past 4 years, the highest Beneish M-Score of Lakeside Holding was -0.08. The lowest was -4.54. And the median was -1.77.

Lakeside Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Lakeside Holding'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.

Lakeside Holding Beneish M-Score Chart

Lakeside Holding Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 -0.83 -3.29

Lakeside Holding Quarterly Data
Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -4.54 -3.29 -1.01 -0.08 -0.61

LSH vs SLGB, BTOC, GVH: Beneish M-Score Comparison

For the Integrated Freight & Logistics subindustry, Lakeside Holding'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.

Lakeside Holding Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Lakeside Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Lakeside Holding's Beneish M-Score falls into.


LSH
14GF Score
Lakeside Holding Ltd LSH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Lakeside Holding 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 Lakeside Holding 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 * 1.9461+0.528 * 0.7164+0.404 * 0.2795+0.892 * 2.4309+0.115 * -0.3003
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.967+4.679 * 0.013385-0.327 * 0.2561
=-0.61

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $15.60 Mil.
Revenue was 1.328 + 7.013 + 6.1 + 17.075 = $31.52 Mil.
Gross Profit was 0.98 + 1.91 + 1.109 + 2.404 = $6.40 Mil.
Total Current Assets was $17.05 Mil.
Total Assets was $17.78 Mil.
Property, Plant and Equipment(Net PPE) was $0.40 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.35 Mil.
Selling, General, & Admin. Expense(SGA) was $13.23 Mil.
Total Current Liabilities was $3.99 Mil.
Long-Term Debt & Capital Lease Obligation was $0.17 Mil.
Net Income was 0.142 + -1.584 + -1.357 + -0.893 = $-3.69 Mil.
Non Operating Income was 0.104 + 0.136 + 0.147 + 0.399 = $0.79 Mil.
Cash Flow from Operations was 1.429 + -0.453 + -4.017 + -1.675 = $-4.72 Mil.
 Total Receivables was $3.30 Mil.
Revenue was 0.497 + 3.596 + 4.082 + 4.79 = $12.97 Mil.
Gross Profit was 0.378 + -0.042 + 0.523 + 1.028 = $1.89 Mil.
Total Current Assets was $5.01 Mil.
Total Assets was $9.94 Mil.
Property, Plant and Equipment(Net PPE) was $4.26 Mil.
Depreciation, Depletion and Amortization(DDA) was $-0.52 Mil.
Selling, General, & Admin. Expense(SGA) was $5.63 Mil.
Total Current Liabilities was $6.78 Mil.
Long-Term Debt & Capital Lease Obligation was $2.31 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)
=(15.597 / 31.516) / (3.297 / 12.965)
=0.494891 / 0.2543
=1.9461

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)
=(1.887 / 12.965) / (6.403 / 31.516)
=0.145546 / 0.203167
=0.7164

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 - (17.046 + 0.399) / 17.781) / (1 - (5.012 + 4.256) / 9.94)
=0.018897 / 0.067606
=0.2795

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
=31.516 / 12.965
=2.4309

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))
=(-0.523 / (-0.523 + 4.256)) / (0.349 / (0.349 + 0.399))
=-0.140102 / 0.466578
=-0.3003

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)
=(13.227 / 31.516) / (5.627 / 12.965)
=0.419692 / 0.434015
=0.967

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)
=((0.174 + 3.991) / 17.781) / ((2.309 + 6.784) / 9.94)
=0.234239 / 0.914789
=0.2561

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
=(-3.692 - 0.786 - -4.716) / 17.781
=0.013385

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.

Lakeside Holding has a M-score of -0.61 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.61 mean?
Lakeside Holding (LSH) has a Beneish M-Score of -0.61 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lakeside Holding and its competitors. According to the industry distribution chart, Lakeside Holding ranks #907 out of 966 companies in the Transportation industry, placing it in the top 93.9%.
Is Lakeside Holding's Beneish M-Score too high?
Lakeside Holding's current Beneish M-Score is -0.61. Based on the distribution chart, Lakeside Holding ranks #907 out of 966 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Lakeside Holding has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Lakeside Holding's Beneish M-Score compare to SLGB and BTOC?
According to the Transportation industry distribution chart, Lakeside Holding ranks #907 out of 966 companies for Beneish M-Score. This places Lakeside Holding 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Lakeside Holding and its competitors. Lakeside Holding's current Beneish M-Score is -0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lakeside Holding stock overvalued right now?
Lakeside Holding (LSH) has a current Beneish M-Score of -0.61. The current Beneish M-Score is -0.61. Lakeside Holding's overall GF Score™ is 14/100 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 Lakeside Holding (LSH), the current Beneish M-Score is -0.61 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.

Lakeside Holding Business Description

Address 1475 Thorndale Avenue, Suite A, Itasca, IL, USA, 60143
Lakeside Holding Ltd i an integrated cross-border supply chain solution provider with a strategic focus on the Asian market including China and South Korea. It provides customized cross-border ocean freight solutions and airfreight solutions in the U.S, including cross-border freight consolidation and forwarding services; customs clearance services; warehousing and distribution services and U.S. domestic ground transportation services. It also operates a new business segment through, a comprehensive pharmaceutical distribution and supply chain service provider.
14GF 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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