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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 -3.01 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for La Kaffa International Co's Beneish M-Score or its related term are showing as below:
ROCO:2732'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.18 Med: -2.77 Max: -2
Current: -3.01
During the past 13 years, the highest Beneish M-Score of La Kaffa International Co was -2.00. The lowest was -3.18. And the median was -2.77.
La Kaffa International Co Beneish M-Score Related Terms
La Kaffa International Co Beneish M-Score Historical Data
* 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.
ROCO:2732 vs KO, PEP, MNST: Beneish M-Score Comparison
For the Beverages - Non-Alcoholic subindustry, La Kaffa International Co'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.
La Kaffa International Co Beneish M-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, La Kaffa International Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where La Kaffa International Co's Beneish M-Score falls into.
La Kaffa International Co 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 La Kaffa International Co 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 * 0.8888
+
0.528 * 0.9916
+
0.404 * 0.9962
+
0.892 * 1.0713
+
0.115 * 1.0132
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0677
+
4.679 * -0.086011
-
0.327 * 1.2199
=
-3.01
* 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.
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.
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))
=
(369.614 / (369.614 + 1159.384))
/
(440.694 / (440.694 + 1406.351))
=
0.241736
/
0.238594
=
1.0132
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
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
=
(50.239 - 0
-
576.931)
/
6123.531
=
-0.086011
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.
La Kaffa International Co has a M-score of -3.01 suggests that the company is unlikely to be a manipulator.
La Kaffa International Co (ROCO:2732) has a Beneish M-Score of -3.01 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on La Kaffa International Co and its competitors. According to the industry distribution chart, La Kaffa International Co ranks #17 out of 110 companies in the Beverages - Non-Alcoholic industry, placing it in the top 15.5%.
Is La Kaffa International Co's Beneish M-Score too high?
La Kaffa International Co's current Beneish M-Score is -3.01. Based on the distribution chart, La Kaffa International Co ranks #17 out of 110 companies in the Beverages - Non-Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, La Kaffa International Co has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does La Kaffa International Co's Beneish M-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, La Kaffa International Co ranks #17 out of 110 companies for Beneish M-Score. This places La Kaffa International Co in the top 16% of its industry — outperforming the majority of peers. 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 Beverages - Non-Alcoholic company?
A good Beneish M-Score depends on the Beverages - Non-Alcoholic 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 La Kaffa International Co and its competitors. La Kaffa International Co's current Beneish M-Score is -3.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is La Kaffa International Co stock overvalued right now?
Based on GuruFocus' analysis, La Kaffa International Co (ROCO:2732) is currently considered Possible Value Trap. The stock's GF Value™ is NT$112.29, compared to a current price of NT$64.90 — trading 42.2% below its estimated fair value. The current Beneish M-Score is -3.01. La Kaffa International Co's overall GF Score™ is 65/100 with 9 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 La Kaffa International Co (ROCO:2732), the current Beneish M-Score is -3.01 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.
Is La Kaffa International Co (ROCO:2732) Overvalued in 2026?
Based on GuruFocus' analysis, La Kaffa International Co stock appears to be undervalued.
The current stock price of NT$64.90 is trading 42.2% below its estimated GF Value™ of NT$112.29.
GuruFocus considers La Kaffa International Co to be Possible Value Trap.
Key valuation signals for ROCO:2732:
Beneish M-Score: -3.01
GF Value™: NT$112.29 vs. price of NT$64.90 (42.2% below fair value)
No single metric tells the full story. See the ROCO:2732 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
La Kaffa International Co Ltd is a beverage enterprise. It exports coffee, tea, and sweet desserts. Its principal business activities are the franchising of chain food and beverage outlets and the sale of related products.
65GF Score
Get the complete analysis for ROCO:2732
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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