MHIHF (Million Hope Industries Holdings) Beneish M-Score: -2.56 (As of Jun. 28, 2026)

What is Million Hope Industries Holdings Beneish M-Score?

Million Hope Industries Holdings MHIHF 60 Beneish M-Score is -2.56 as of Jun. 28, 2026. GuruFocus rates MHIHF with a GF Score™ of 60/100 and a GF Value™ of $0.02. The stock has 7 warning signs investors should review. Among 1,699 Construction companies, Million Hope Industries Holdings ranks better than 55.5% 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 -2.56 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MHIHF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.89 Med: -2.05 Max: 0.94
Current: -2.56

During the past 11 years, the highest Beneish M-Score of Million Hope Industries Holdings was 0.94. The lowest was -3.89. And the median was -2.05.

Million Hope Industries Holdings Beneish M-Score Related Terms

Million Hope Industries Holdings Beneish M-Score Historical Data

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The historical data trend for Million Hope Industries 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.

Million Hope Industries Holdings Beneish M-Score Chart

Million Hope Industries Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-0.43

-2.25

-3.89

-2.56

0.00

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Beneish M-Score	Get a 7-Day Free Trial														-3.89	0.00	-2.56	0.00	0.00

MHIHF vs TT, JCI, CARR: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, Million Hope Industries 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.

Million Hope Industries Holdings Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Million Hope Industries Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Million Hope Industries Holdings's Beneish M-Score falls into.

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60GF Score

Million Hope Industries Holdings Ltd MHIHF

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

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Million Hope Industries 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 Million Hope Industries 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 * 1.2821

0.528 * 1.2763

0.404 * 1.0342

0.892 * 0.6874

0.115 * 0.9255

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.3676

4.679 * -0.036166

0.327 * 0.9363

-2.56

This Year (Mar25) TTM:

Last Year (Mar24) TTM:

Total Receivables was $20.64 Mil.
Revenue was $53.03 Mil.
Gross Profit was $3.82 Mil.
Total Current Assets was $53.27 Mil.
Total Assets was $80.82 Mil.
Property, Plant and Equipment(Net PPE) was $13.92 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.95 Mil.
Selling, General, & Admin. Expense(SGA) was $3.70 Mil.
Total Current Liabilities was $8.73 Mil.
Long-Term Debt & Capital Lease Obligation was $0.03 Mil.
Net Income was $1.17 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $4.10 Mil.

Total Receivables was $23.42 Mil.
Revenue was $77.15 Mil.
Gross Profit was $7.09 Mil.
Total Current Assets was $54.81 Mil.
Total Assets was $82.83 Mil.
Property, Plant and Equipment(Net PPE) was $14.52 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.92 Mil.
Selling, General, & Admin. Expense(SGA) was $3.94 Mil.
Total Current Liabilities was $9.58 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)
	=	(20.642 / 53.032)	/	(23.423 / 77.151)
	=	0.389237	/	0.303599
	=	1.2821

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)
	=	(7.089 / 77.151)	/	(3.818 / 53.032)
	=	0.091885	/	0.071994
	=	1.2763

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 - (53.269 + 13.921) / 80.821)	/	(1 - (54.81 + 14.515) / 82.834)
	=	0.168657	/	0.163085
	=	1.0342

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
	=	53.032	/	77.151
	=	0.6874

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))
	=	(0.915 / (0.915 + 14.515))	/	(0.953 / (0.953 + 13.921))
	=	0.0593	/	0.064072
	=	0.9255

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)
	=	(3.702 / 53.032)	/	(3.938 / 77.151)
	=	0.069807	/	0.051043
	=	1.3676

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)
	=	((0.027 + 8.728) / 80.821)	/	((0.003 + 9.581) / 82.834)
	=	0.108326	/	0.115701
	=	0.9363

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
	=	(1.172 - 0	-	4.095)	/	80.821
	=	-0.036166

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.

Million Hope Industries Holdings has a M-score of -2.56 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 -2.56 mean?

Million Hope Industries Holdings (MHIHF) has a Beneish M-Score of -2.56 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Million Hope Industries Holdings and its competitors. According to the industry distribution chart, Million Hope Industries Holdings ranks #756 out of 1699 companies in the Construction industry, placing it in the top 44.5%.

Is Million Hope Industries Holdings' Beneish M-Score too high?

Million Hope Industries Holdings' current Beneish M-Score is -2.56. Based on the distribution chart, Million Hope Industries Holdings ranks #756 out of 1699 companies in the Construction industry, which is above the industry midpoint. Overall, Million Hope Industries Holdings has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.

How does Million Hope Industries Holdings' Beneish M-Score compare to TT and JCI?

According to the Construction industry distribution chart, Million Hope Industries Holdings ranks #756 out of 1699 companies for Beneish M-Score. This puts Million Hope Industries Holdings 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 a Construction company?

A good Beneish M-Score depends on the Construction 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 Million Hope Industries Holdings and its competitors. Million Hope Industries Holdings's current Beneish M-Score is -2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Million Hope Industries Holdings stock overvalued right now?

Million Hope Industries Holdings (MHIHF) has a current Beneish M-Score of -2.56. The stock's GF Value™ is $0.02, compared to a current price of $0.04 — trading 100% above its estimated fair value. The current Beneish M-Score is -2.56. Million Hope Industries Holdings' overall GF Score™ is 60/100 with 7 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 Million Hope Industries Holdings (MHIHF), the current Beneish M-Score is -2.56 as of Jun. 28, 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 Million Hope Industries Holdings (MHIHF) Overvalued in 2026?

Based on GuruFocus' analysis, Million Hope Industries Holdings stock appears to be overvalued. The current stock price of $0.04 is trading 100% above its estimated GF Value™ of $0.02.

Key valuation signals for MHIHF:

Beneish M-Score: -2.56
GF Value™: $0.02 vs. price of $0.04 (100% above fair value)
GF Score™: 60/100 with 7 warning signs

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

Million Hope Industries Holdings Business Description

Industry Industrials Construction

Comparable Companies HKSE:08646 HKSE:01937 HKSE:01206 HKSE:01592 HKSE:01796 HKSE:03313 HKSE:09938 HKSE:00145 HKSE:00713 HKSE:08526 TT JCI CARR XPAR:SGO TSE:6367 MAIR XSWX:GEBN LII DUB:KRX MAS

Other Exchanges 01897:Hong Kong

Address 3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong and Mainland China of which prime revenue is generated from Hong Kong.

60GF Score

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

$0.04

Price

$0.02

GF Value

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