Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -0.47 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Arich Enterprise Co's Beneish M-Score or its related term are showing as below:
ROCO:4173'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.9 Med: -2.37 Max: -0.47
Current: -0.47
During the past 13 years, the highest Beneish M-Score of Arich Enterprise Co was -0.47. The lowest was -3.90. And the median was -2.37.
Arich Enterprise Co Beneish M-Score Related Terms
Arich Enterprise Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Arich Enterprise Co'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.
Arich Enterprise Co Beneish M-Score Competitor Comparison
For the Pharmaceutical Retailers subindustry, Arich Enterprise 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.
Arich Enterprise Co Beneish M-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Arich Enterprise Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Arich Enterprise Co's Beneish M-Score falls into.
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 Arich Enterprise 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 * 0.7576
+
0.528 * 0.9707
+
0.404 * 1.796
+
0.892 * 1.192
+
0.115 * 0.546
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1006
+
4.679 * 0.378428
-
0.327 * 0.8337
=
-0.47
* 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))
=
(41.981 / (41.981 + 174.71))
/
(67.422 / (67.422 + 122.601))
=
0.193737
/
0.35481
=
0.546
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
=
(86.792 - 0
-
-1903.634)
/
5259.723
=
0.378428
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.
Arich Enterprise Co has a M-score of -0.47 signals that the company is likely to be a manipulator.
Arich Enterprise Co (ROCO:4173) has a Beneish M-Score of -0.47 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Arich Enterprise Co and its competitors. According to the industry distribution chart, Arich Enterprise Co ranks #595 out of 630 companies in the Healthcare Providers & Services industry, placing it in the top 94.4%.
Is Arich Enterprise Co's Beneish M-Score too high?
Arich Enterprise Co's current Beneish M-Score is -0.47. Based on the distribution chart, Arich Enterprise Co ranks #595 out of 630 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Arich Enterprise Co has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arich Enterprise Co's Beneish M-Score compare to competitors?
According to the Healthcare Providers & Services industry distribution chart, Arich Enterprise Co ranks #595 out of 630 companies for Beneish M-Score. This places Arich Enterprise Co 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Arich Enterprise Co and its competitors. Arich Enterprise Co's current Beneish M-Score is -0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arich Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Arich Enterprise Co (ROCO:4173) is currently considered Possible Value Trap. The stock's GF Value™ is NT$30.43, compared to a current price of NT$18.00 — trading 40.8% below its estimated fair value. The current Beneish M-Score is -0.47. Arich Enterprise Co's overall GF Score™ is 66/100 with 6 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 Arich Enterprise Co (ROCO:4173), the current Beneish M-Score is -0.47 as of Jul. 15, 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 Arich Enterprise Co (ROCO:4173) Overvalued in 2026?
Based on GuruFocus' analysis, Arich Enterprise Co stock appears to be undervalued.
The current stock price of NT$18.00 is trading 40.8% below its estimated GF Value™ of NT$30.43.
GuruFocus considers Arich Enterprise Co to be Possible Value Trap.
Key valuation signals for ROCO:4173:
Beneish M-Score: -0.47
GF Value™: NT$30.43 vs. price of NT$18.00 (40.8% below fair value)
No single metric tells the full story. See the ROCO:4173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arich Enterprise Co Ltd is a Taiwan-based company operating in the pharmaceutical industry. The company is engaged in providing medical sales promotion and logistics services. The company markets and sells pharmaceutical products. The company's services cover customers including medical centers, area hospitals, district hospitals, general practitioners, and key accounts which include chain stores and hypermarkets, drug stores, and wholesalers. The product portfolio includes Actos, Aftach, Cytotec, Gaster, Prometin, Hicee, Lederscon, Alinamin, Nacid tab, Setoral, Sibutil, and many more.
66GF Score
Get the complete analysis for ROCO:4173
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:4173 has been successfully added to your 
