RLEA (Rubber Leaf) Beneish M-Score: 0.00 (As of Jul. 20, 2026)

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RLEA Rubber Leaf Inc RLEA
14 GF Score
Price $4.50
! 7 Warning Signs
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What is Rubber Leaf Beneish M-Score?

Rubber Leaf RLEA 14 Beneish M-Score is 0.00 as of Jul. 20, 2026. GuruFocus rates RLEA with a GF Score™ of 14/100. The stock has 7 warning signs investors should review. Among 1,526 Chemicals companies, Rubber Leaf ranks worse than 65530.73% 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.

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

During the past 5 years, the highest Beneish M-Score of Rubber Leaf was 4372.95. The lowest was -5.32. And the median was -3.32.

Rubber Leaf Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Rubber Leaf'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.

Rubber Leaf Beneish M-Score Chart

Rubber Leaf Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -5.32 0.00 4,372.95

Rubber Leaf Quarterly Data
Sep21 Dec21 Mar22 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 Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 4,372.95 0.00

RLEA vs FF, CMT, MNTK: Beneish M-Score Comparison

For the Specialty Chemicals subindustry, Rubber Leaf'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.

Rubber Leaf Beneish M-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Rubber Leaf's Beneish M-Score distribution charts can be found below:

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


RLEA
14GF Score
Rubber Leaf Inc RLEA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Rubber Leaf 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 Rubber Leaf 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 $5.77 Mil.
Revenue was 3.265 + 3.76 + 1.144 + 0 = $8.17 Mil.
Gross Profit was 0.285 + 1.241 + -0.126 + -0.158 = $1.24 Mil.
Total Current Assets was $5.77 Mil.
Total Assets was $8.58 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 $0.14 Mil.
Total Current Liabilities was $7.99 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was 0.244 + 3.796 + -0.242 + -0.342 = $3.46 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.078 + -0.028 + -0.003 + -0.05 = $-0.16 Mil.
 Total Receivables was $8.71 Mil.
Revenue was 0 + -6.916 + 2.004 + 1.958 = $-2.95 Mil.
Gross Profit was 0 + 0.536 + -0.181 + -0.158 = $0.20 Mil.
Total Current Assets was $9.99 Mil.
Total Assets was $21.65 Mil.
Property, Plant and Equipment(Net PPE) was $9.76 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.55 Mil.
Selling, General, & Admin. Expense(SGA) was $0.22 Mil.
Total Current Liabilities was $24.49 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)
=(5.771 / 8.169) / (8.712 / -2.954)
=0.706451 /
=

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)
=(0.197 / -2.954) / (1.242 / 8.169)
= / 0.152038
=

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 - (5.774 + 0) / 8.582) / (1 - (9.994 + 9.756) / 21.654)
=0.327196 / 0.087928
=

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
=8.169 / -2.954
=

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))
=(0.551 / (0.551 + 9.756)) / (0 / (0 + 0))
=0.053459 /
=

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)
=(0.144 / 8.169) / (0.215 / -2.954)
=0.017628 /
=

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 + 7.987) / 8.582) / ((0 + 24.494) / 21.654)
=0.930669 / 1.131154
=

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
=(3.456 - 0 - -0.159) / 8.582
=0.42123

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Rubber Leaf (RLEA) has a Beneish M-Score of 0.00 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rubber Leaf and its competitors. According to the industry distribution chart, Rubber Leaf ranks #999999 out of 1526 companies in the Chemicals industry.
Is Rubber Leaf's Beneish M-Score too high?
Rubber Leaf's current Beneish M-Score is 0.00. Based on the distribution chart, Rubber Leaf ranks #999999 out of 1526 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Rubber Leaf has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Rubber Leaf's Beneish M-Score compare to FF and CMT?
According to the Chemicals industry distribution chart, Rubber Leaf ranks #999999 out of 1526 companies for Beneish M-Score. This places Rubber Leaf 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Rubber Leaf and its competitors. Rubber Leaf's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rubber Leaf stock overvalued right now?
Rubber Leaf (RLEA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Rubber Leaf's overall GF Score™ is 14/100 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 Rubber Leaf (RLEA), the current Beneish M-Score is 0.00 as of Jul. 20, 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.

Rubber Leaf Business Description

Address 302-308 Hennessy Road, Room 2109, 21st Floor C C WU Building, Wanchai, Hong Kong, HKG
Rubber Leaf Inc engaged in the production and sales of automotive rubber and plastic sealing strips. It derives revenue through the sale of synthetic rubber, rubber compound, car window seals, and auto parts with two sales channels.
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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