MNTHF (Minth Group) Beneish M-Score: -2.53 (As of Jun. 27, 2026)


MNTHF Minth Group Ltd MNTHF
89 GF Score
Price $3.12
GF Value $3.01
Valuation Fairly Valued
! 4 Warning Signs
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What is Minth Group Beneish M-Score?

Minth Group MNTHF +1.63% 89 Beneish M-Score is -2.53 as of Jun. 27, 2026. GuruFocus rates MNTHF with a GF Score™ of 89/100 and a GF Value™ of $3.01 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,274 Vehicles & Parts companies, Minth Group ranks worse than 51.49% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MNTHF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.62   Med: -2.5   Max: -2.05
Current: -2.53

During the past 13 years, the highest Beneish M-Score of Minth Group was -2.05. The lowest was -2.62. And the median was -2.50.


Minth Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Minth 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.

Minth Group Beneish M-Score Chart

Minth Group 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 -2.05 -2.54 -2.62 -2.28 -2.53

Minth Group 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 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 -2.62 0.00 -2.28 0.00 -2.53

MNTHF vs ORLY, AZO: Beneish M-Score Comparison

For the Auto Parts subindustry, Minth 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.


Minth Group Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Minth Group's Beneish M-Score distribution charts can be found below:

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


MNTHF
89GF Score
Minth Group Ltd MNTHF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Minth 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 Minth 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 * 0.8801+0.528 * 1.0334+0.404 * 1.3367+0.892 * 1.1494+0.115 * 0.9528
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9677+4.679 * -0.052486-0.327 * 0.9357
=-2.53

* 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 $838 Mil.
Revenue was $3,654 Mil.
Gross Profit was $1,023 Mil.
Total Current Assets was $2,553 Mil.
Total Assets was $6,006 Mil.
Property, Plant and Equipment(Net PPE) was $2,563 Mil.
Depreciation, Depletion and Amortization(DDA) was $241 Mil.
Selling, General, & Admin. Expense(SGA) was $410 Mil.
Total Current Liabilities was $2,207 Mil.
Long-Term Debt & Capital Lease Obligation was $282 Mil.
Net Income was $382 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $697 Mil.
Total Receivables was $828 Mil.
Revenue was $3,179 Mil.
Gross Profit was $920 Mil.
Total Current Assets was $2,358 Mil.
Total Assets was $5,324 Mil.
Property, Plant and Equipment(Net PPE) was $2,375 Mil.
Depreciation, Depletion and Amortization(DDA) was $212 Mil.
Selling, General, & Admin. Expense(SGA) was $369 Mil.
Total Current Liabilities was $2,002 Mil.
Long-Term Debt & Capital Lease Obligation was $355 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)
=(837.72 / 3654.19) / (828.146 / 3179.244)
=0.229249 / 0.260485
=0.8801

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)
=(919.976 / 3179.244) / (1023.247 / 3654.19)
=0.289369 / 0.28002
=1.0334

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 - (2552.812 + 2563.187) / 6005.659) / (1 - (2358.2 + 2375.352) / 5323.518)
=0.148137 / 0.110823
=1.3367

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
=3654.19 / 3179.244
=1.1494

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))
=(212.104 / (212.104 + 2375.352)) / (241.275 / (241.275 + 2563.187))
=0.081974 / 0.086033
=0.9528

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)
=(410.36 / 3654.19) / (368.922 / 3179.244)
=0.112298 / 0.116041
=0.9677

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)
=((282.046 + 2206.553) / 6005.659) / ((355.397 + 2002.114) / 5323.518)
=0.414376 / 0.442848
=0.9357

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
=(382.234 - 0 - 697.449) / 6005.659
=-0.052486

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.

Minth Group has a M-score of -2.53 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 -2.53 mean?
Minth Group (MNTHF) has a Beneish M-Score of -2.53 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Minth Group and its competitors. According to the industry distribution chart, Minth Group ranks #656 out of 1274 companies in the Vehicles & Parts industry, placing it in the top 51.5%.
Is Minth Group's Beneish M-Score too high?
Minth Group's current Beneish M-Score is -2.53. Based on the distribution chart, Minth Group ranks #656 out of 1274 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Minth Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Minth Group's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Minth Group ranks #656 out of 1274 companies for Beneish M-Score. This places Minth Group 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Minth Group and its competitors. Minth Group's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Minth Group stock overvalued right now?
Based on GuruFocus' analysis, Minth Group (MNTHF) is currently considered Fairly Valued. The stock's GF Value™ is $3.01, compared to a current price of $3.12 — trading 3.7% above its estimated fair value. The current Beneish M-Score is -2.53. Minth Group's overall GF Score™ is 89/100 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 Minth Group (MNTHF), the current Beneish M-Score is -2.53 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.

Is Minth Group (MNTHF) Overvalued in 2026?

Based on GuruFocus' analysis, Minth Group stock appears to be overvalued. The current stock price of $3.12 is trading 3.7% above its estimated GF Value™ of $3.01. GuruFocus considers Minth Group to be Fairly Valued.

Key valuation signals for MNTHF:

  • Beneish M-Score: -2.53
  • GF Value™: $3.01 vs. price of $3.12 (3.7% above fair value)
  • GF Score™: 89/100 with 4 warning signs

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


Minth Group Business Description

Address Lane 146, Xinhu 2nd Road, No. 19, 3rd Floor, Neihu District, Taipei, TWN, 114065
Minth Group Ltd is an investment holding company. Along with its subsidiaries, it is engaged in the design, manufacturing, processing, developing, and sales of automobile body parts and moulds for passenger cars. Its products include bumpers, sunroof systems, door sills, safety and cockpit systems, dynamic sealing strips, wheel covers, seat rail assemblies, etc. The Group's reportable segments are: Body Structure, which generates the maximum revenue, Plastic, Metal and Trim, Aluminium, and Others. Geographically, its operations are located in the PRC, the United States of America (the USA), Japan, Thailand, Germany, Serbia, Mexico, the United Kingdom, the Republic of Korea, France, the Czech Republic, Canada and Poland.
89GF Score

Get the complete analysis for MNTHF

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

$3.12
Price
$3.01
GF Value