Bizlink Holding (LUX:BZLH) Beneish M-Score: -2.28 (As of Jul. 16, 2026)

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LUX:BZLH Bizlink Holding Inc LUX:BZLH
84 GF Score
Price $11.90
GF Value $3.81
! 1 Warning Sign
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What is Bizlink Holding Beneish M-Score?

Bizlink Holding LUX:BZLH 84 Beneish M-Score is -2.28 as of Jul. 16, 2026. GuruFocus rates LUX:BZLH with a GF Score™ of 84/100 and a GF Value™ of $3.81. The stock has 1 warning sign investors should review. Among 2,910 Industrial Products companies, Bizlink Holding ranks worse than 64.3% 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 -2.28 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LUX:BZLH' s Beneish M-Score Range Over the Past 10 Years
Min: -3.06   Med: -2.23   Max: -0.82
Current: -2.28

During the past 13 years, the highest Beneish M-Score of Bizlink Holding was -0.82. The lowest was -3.06. And the median was -2.23.


Bizlink Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bizlink 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.

Bizlink Holding Beneish M-Score Chart

Bizlink Holding Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.04 -1.76 -3.06 -2.41 -2.28

Bizlink Holding Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.41 -2.25 -2.10 -2.19 -2.28

LUX:BZLH vs VRT, BE: Beneish M-Score Comparison

For the Electrical Equipment & Parts subindustry, Bizlink 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.


Bizlink Holding Beneish M-Score vs Industrial Products Industry

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

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


LUX:BZLH
84GF Score
Bizlink Holding Inc LUX:BZLH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bizlink 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 Bizlink 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 * 1.0432+0.528 * 0.8882+0.404 * 0.8093+0.892 * 1.3662+0.115 * 1.0059
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8715+4.679 * 0.005427-0.327 * 1.0997
=-2.23

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $471 Mil.
Revenue was 630.894 + 606.306 + 571.628 + 488.82 = $2,298 Mil.
Gross Profit was 201.442 + 201.614 + 177.865 + 148.492 = $729 Mil.
Total Current Assets was $1,640 Mil.
Total Assets was $2,625 Mil.
Property, Plant and Equipment(Net PPE) was $609 Mil.
Depreciation, Depletion and Amortization(DDA) was $82 Mil.
Selling, General, & Admin. Expense(SGA) was $267 Mil.
Total Current Liabilities was $658 Mil.
Long-Term Debt & Capital Lease Obligation was $396 Mil.
Net Income was 87.396 + 86.557 + 68.342 + 48.883 = $291 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 144.71 + 66.06 + 38.641 + 27.519 = $277 Mil.
Total Receivables was $331 Mil.
Revenue was 442.424 + 446.216 + 401.028 + 392.068 = $1,682 Mil.
Gross Profit was 127.339 + 130.865 + 112.735 + 103.272 = $474 Mil.
Total Current Assets was $1,034 Mil.
Total Assets was $1,870 Mil.
Property, Plant and Equipment(Net PPE) was $505 Mil.
Depreciation, Depletion and Amortization(DDA) was $69 Mil.
Selling, General, & Admin. Expense(SGA) was $225 Mil.
Total Current Liabilities was $516 Mil.
Long-Term Debt & Capital Lease Obligation was $167 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)
=(471.113 / 2297.648) / (330.549 / 1681.736)
=0.205041 / 0.196552
=1.0432

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)
=(474.211 / 1681.736) / (729.413 / 2297.648)
=0.281977 / 0.317461
=0.8882

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 - (1639.805 + 609.269) / 2625.415) / (1 - (1033.573 + 505.241) / 1870.027)
=0.143345 / 0.177117
=0.8093

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
=2297.648 / 1681.736
=1.3662

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))
=(68.732 / (68.732 + 505.241)) / (82.334 / (82.334 + 609.269))
=0.119748 / 0.119048
=1.0059

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)
=(267.342 / 2297.648) / (224.529 / 1681.736)
=0.116355 / 0.13351
=0.8715

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)
=((395.992 + 657.996) / 2625.415) / ((167.065 + 515.592) / 1870.027)
=0.401456 / 0.365052
=1.0997

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
=(291.178 - 0 - 276.93) / 2625.415
=0.005427

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.

Bizlink Holding has a M-score of -2.23 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 -2.28 mean?
Bizlink Holding (LUX:BZLH) has a Beneish M-Score of -2.28 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bizlink Holding and its competitors. According to the industry distribution chart, Bizlink Holding ranks #1871 out of 2910 companies in the Industrial Products industry, placing it in the top 64.3%.
Is Bizlink Holding's Beneish M-Score too high?
Bizlink Holding's current Beneish M-Score is -2.28. Based on the distribution chart, Bizlink Holding ranks #1871 out of 2910 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Bizlink Holding has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Bizlink Holding's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Bizlink Holding ranks #1871 out of 2910 companies for Beneish M-Score. This places Bizlink 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 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 Bizlink Holding and its competitors. Bizlink Holding's current Beneish M-Score is -2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bizlink Holding stock overvalued right now?
Bizlink Holding (LUX:BZLH) has a current Beneish M-Score of -2.28. The stock's GF Value™ is $3.81, compared to a current price of $11.90 — trading 212.3% above its estimated fair value. The current Beneish M-Score is -2.28. Bizlink Holding's overall GF Score™ is 84/100 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 Bizlink Holding (LUX:BZLH), the current Beneish M-Score is -2.28 as of Jul. 16, 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 Bizlink Holding (LUX:BZLH) Overvalued in 2026?

Based on GuruFocus' analysis, Bizlink Holding stock appears to be overvalued. The current stock price of $11.90 is trading 212.3% above its estimated GF Value™ of $3.81.

Key valuation signals for LUX:BZLH:

  • Beneish M-Score: -2.28
  • GF Value™: $3.81 vs. price of $11.90 (212.3% above fair value)
  • GF Score™: 84/100 with 1 warning sign

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


Bizlink Holding Business Description

Other Exchanges 3665:Taiwan
Address No. 186, Jian 1st Road, 3rd Floor, Zhonghe District, New Taipei, TWN, 23553
Bizlink Holding Inc is engaged in designing, manufacturing, and selling cable assemblies, connectors, power cords, fiber optical passive components, and computer-peripheral products. The operating segments of the company are the Computing and Transportation segment, Industrial Application segment, Home Appliance segment, and others. The company generates the majority of its revenue from the Computing and Transportation segment. Its geographical segments are the United States, China, Germany, Malaysia, Taiwan, Italy, and Others, of which it generates the majority of revenue from the United States.
84GF Score

Get the complete analysis for LUX:BZLH

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

$11.90
Price
$3.81
GF Value