MASK (3 E Network Technology Group) Beneish M-Score: 1.06 (As of Jul. 08, 2026) — 88% Below Median


MASK 3 E Network Technology Group Ltd MASK
23 GF Score
Price $1.84
! 4 Warning Signs
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What is 3 E Network Technology Group Beneish M-Score?

3 E Network Technology Group MASK -4.66% 23 Beneish M-Score is 1.06 as of Jul. 08, 2026, which is 88% below its 10-year median of 9.12. GuruFocus rates MASK with a GF Score™ of 23/100. The stock has 4 warning signs investors should review. Among 2,625 Software companies, 3 E Network Technology Group ranks worse than 94.9% 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 1.06 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for 3 E Network Technology Group's Beneish M-Score or its related term are showing as below:

MASK' s Beneish M-Score Range Over the Past 10 Years
Min: 1.06   Med: 9.12   Max: 17.18
Current: 1.06

During the past 4 years, the highest Beneish M-Score of 3 E Network Technology Group was 17.18. The lowest was 1.06. And the median was 9.12.

3 E Network Technology Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for 3 E Network Technology Group'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.

3 E Network Technology Group Beneish M-Score Chart

3 E Network Technology Group Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 17.18 1.06

3 E Network Technology Group Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 17.18 0.00 1.06 0.00

MASK vs BNZI, ZENVF, VS: Beneish M-Score Comparison

For the Software - Application subindustry, 3 E Network Technology Group'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.

3 E Network Technology Group Beneish M-Score vs Software Industry

For the Software industry and Technology sector, 3 E Network Technology Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where 3 E Network Technology Group's Beneish M-Score falls into.


MASK
23GF Score
3 E Network Technology Group Ltd MASK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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3 E Network Technology Group 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 3 E Network Technology Group 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 * 1.0289+0.528 * 1.9346+0.404 * 0.5453+0.892 * 5.6286+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 7.72+4.679 * 0.08263-0.327 * 1.4691
=1.06

* 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 $3.28 Mil.
Revenue was $4.84 Mil.
Gross Profit was $2.41 Mil.
Total Current Assets was $7.19 Mil.
Total Assets was $9.36 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.48 Mil.
Total Current Liabilities was $2.92 Mil.
Long-Term Debt & Capital Lease Obligation was $1.08 Mil.
Net Income was $0.77 Mil.
Gross Profit was $-0.02 Mil.
Cash Flow from Operations was $0.01 Mil.
 Total Receivables was $0.57 Mil.
Revenue was $0.86 Mil.
Gross Profit was $0.83 Mil.
Total Current Assets was $2.22 Mil.
Total Assets was $3.86 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.01 Mil.
Selling, General, & Admin. Expense(SGA) was $0.01 Mil.
Total Current Liabilities was $1.12 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
=(3.278 / 4.835) / (0.566 / 0.859)
=0.677973 / 0.658906
=1.0289

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)
=(0.828 / 0.859) / (2.409 / 4.835)
=0.963912 / 0.498242
=1.9346

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 - (7.192 + 0) / 9.355) / (1 - (2.224 + 0) / 3.861)
=0.231213 / 0.423983
=0.5453

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
=4.835 / 0.859
=5.6286

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))
=(0.007 / (0.007 + 0)) / (0 / (0 + 0))
=1 /
=1

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)
=(0.478 / 4.835) / (0.011 / 0.859)
=0.098862 / 0.012806
=7.72

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)
=((1.08 + 2.921) / 9.355) / ((0 + 1.124) / 3.861)
=0.427686 / 0.291116
=1.4691

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
=(0.765 - -0.022 - 0.014) / 9.355
=0.08263

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.

3 E Network Technology Group has a M-score of 1.06 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 1.06 mean?
3 E Network Technology Group (MASK) has a Beneish M-Score of 1.06 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on 3 E Network Technology Group and its competitors. This is 88% below median its historical median of 9.12. Over the past decade, 3 E Network Technology Group's Beneish M-Score has ranged from 1.06 to 17.18. According to the industry distribution chart, 3 E Network Technology Group ranks #2491 out of 2625 companies in the Software industry, placing it in the top 94.9%.
Is 3 E Network Technology Group's Beneish M-Score too high?
3 E Network Technology Group's current Beneish M-Score of 1.06 is 88% below median its 10-year median of 9.12. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 17.18. Based on the distribution chart, 3 E Network Technology Group ranks #2491 out of 2625 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, 3 E Network Technology Group has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does 3 E Network Technology Group's Beneish M-Score compare to BNZI and ZENVF?
According to the Software industry distribution chart, 3 E Network Technology Group ranks #2491 out of 2625 companies for Beneish M-Score. This places 3 E Network Technology Group in the lower half of its industry. Historically, 3 E Network Technology Group's own Beneish M-Score has ranged from 1.06 to 17.18 over the past decade. 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 Software company?
A good Beneish M-Score depends on the Software 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 3 E Network Technology Group and its competitors. 3 E Network Technology Group's current Beneish M-Score is 1.06, which is 88% below median its own 10-year median of 9.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3 E Network Technology Group stock overvalued right now?
3 E Network Technology Group (MASK) has a current Beneish M-Score of 1.06. The current Beneish M-Score is 1.06, which is 88% below median its 10-year median of 9.12. 3 E Network Technology Group's overall GF Score™ is 23/100 with 4 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 3 E Network Technology Group (MASK), the current Beneish M-Score is 1.06 as of Jul. 08, 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.

3 E Network Technology Group Business Description

Address No.118 Connaught Road West, Hong Kong, HKG, 3003-2
3 E Network Technology Group Ltd is a business-to-business (B2B) information technology (IT) business solutions provider. It focuses on integrated software and hardware solutions in the property management and exhibition services spaces and expanded software solutions offering to a variety of industries and sectors, including food establishments, real estate, exhibition & conferencing, and clean energy utilities. The business includes two main portfolios, namely the software development portfolio and exhibition and conference portfolio. Maximum revenue is generated from the software development portfolio.
23GF 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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