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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 -2.66 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Aspeed Technology's Beneish M-Score or its related term are showing as below:
ROCO:5274'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.83 Med: -2.52 Max: 5.68
Current: -2.66
During the past 13 years, the highest Beneish M-Score of Aspeed Technology was 5.68. The lowest was -2.83. And the median was -2.52.
Aspeed Technology Beneish M-Score Related Terms
Aspeed Technology Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Aspeed Technology'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.
ROCO:5274 vs NVDA, AVGO, MU: Beneish M-Score Comparison
For the Semiconductors subindustry, Aspeed Technology'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.
Aspeed Technology Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aspeed Technology's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Aspeed Technology'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 Aspeed Technology 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 * 0.7944
+
0.528 * 0.9455
+
0.404 * 0.7565
+
0.892 * 1.4064
+
0.115 * 1.0257
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8325
+
4.679 * -0.054975
-
0.327 * 0.9907
=
-2.66
* 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))
=
(256.036 / (256.036 + 550.904))
/
(324.026 / (324.026 + 723.484))
=
0.317292
/
0.30933
=
1.0257
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
=
(3927.807 - 0
-
4495.9)
/
10333.655
=
-0.054975
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.
Aspeed Technology has a M-score of -2.66 suggests that the company is unlikely to be a manipulator.
Aspeed Technology (ROCO:5274) has a Beneish M-Score of -2.66 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Aspeed Technology and its competitors. According to the industry distribution chart, Aspeed Technology ranks #338 out of 987 companies in the Semiconductors industry, placing it in the top 34.2%.
Is Aspeed Technology's Beneish M-Score too high?
Aspeed Technology's current Beneish M-Score is -2.66. Based on the distribution chart, Aspeed Technology ranks #338 out of 987 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Aspeed Technology has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspeed Technology's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Aspeed Technology ranks #338 out of 987 companies for Beneish M-Score. This puts Aspeed Technology 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Aspeed Technology and its competitors. Aspeed Technology's current Beneish M-Score is -2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspeed Technology stock overvalued right now?
Based on GuruFocus' analysis, Aspeed Technology (ROCO:5274) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8,252.78, compared to a current price of NT$13,905.00 — trading 68.5% above its estimated fair value. The current Beneish M-Score is -2.66. Aspeed Technology's overall GF Score™ is 82/100. 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 Aspeed Technology (ROCO:5274), the current Beneish M-Score is -2.66 as of Jul. 17, 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 Aspeed Technology (ROCO:5274) Overvalued in 2026?
Based on GuruFocus' analysis, Aspeed Technology stock appears to be overvalued.
The current stock price of NT$13,905.00 is trading 68.5% above its estimated GF Value™ of NT$8,252.78.
GuruFocus considers Aspeed Technology to be Significantly Overvalued.
Key valuation signals for ROCO:5274:
Beneish M-Score: -2.66
GF Value™: NT$8,252.78 vs. price of NT$13,905.00 (68.5% above fair value)
No single metric tells the full story. See the ROCO:5274 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspeed Technology Inc is an IC design house in Server Management, PC/AV extension solutions, Desktop Virtualization and security enhancement. The company is engaged in the manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum of its revenue from Multimedia Integrated Circuits (ICs) segment.
82GF Score
Get the complete analysis for ROCO:5274
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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