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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 -2.47 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Dimerco Data System's Beneish M-Score or its related term are showing as below:
ROCO:5403'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.39 Med: -2.42 Max: -1.59
Current: -2.47
During the past 13 years, the highest Beneish M-Score of Dimerco Data System was -1.59. The lowest was -3.39. And the median was -2.42.
Dimerco Data System Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Dimerco Data System'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:5403 vs QH, SHOP, UBER: Beneish M-Score Comparison
For the Software - Application subindustry, Dimerco Data System'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.
Dimerco Data System Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Dimerco Data System's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dimerco Data System'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 Dimerco Data System 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 * 1.1032
+
0.528 * 0.9413
+
0.404 * 0.9383
+
0.892 * 0.9986
+
0.115 * 0.8083
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1471
+
4.679 * 0.003528
-
0.327 * 1.0023
=
-2.47
* 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))
=
(26.427 / (26.427 + 977.683))
/
(33.251 / (33.251 + 987.985))
=
0.026319
/
0.03256
=
0.8083
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
=
(613.949 - 0
-
597.661)
/
4616.161
=
0.003528
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.
Dimerco Data System has a M-score of -2.47 suggests that the company is unlikely to be a manipulator.
Dimerco Data System (ROCO:5403) has a Beneish M-Score of -2.47 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dimerco Data System and its competitors. According to the industry distribution chart, Dimerco Data System ranks #1437 out of 2640 companies in the Software industry, placing it in the top 54.4%.
Is Dimerco Data System's Beneish M-Score too high?
Dimerco Data System's current Beneish M-Score is -2.47. Based on the distribution chart, Dimerco Data System ranks #1437 out of 2640 companies in the Software industry, which is below the industry midpoint. Overall, Dimerco Data System has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dimerco Data System's Beneish M-Score compare to QH and SHOP?
According to the Software industry distribution chart, Dimerco Data System ranks #1437 out of 2640 companies for Beneish M-Score. This places Dimerco Data System 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 Software company?
A good Beneish M-Score depends on the Software 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 Dimerco Data System and its competitors. Dimerco Data System's current Beneish M-Score is -2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dimerco Data System stock overvalued right now?
Based on GuruFocus' analysis, Dimerco Data System (ROCO:5403) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$130.72, compared to a current price of NT$93.20 — trading 28.7% below its estimated fair value. The current Beneish M-Score is -2.47. Dimerco Data System's overall GF Score™ is 94/100 with 2 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 Dimerco Data System (ROCO:5403), the current Beneish M-Score is -2.47 as of Aug. 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 Dimerco Data System (ROCO:5403) Overvalued in 2026?
Based on GuruFocus' analysis, Dimerco Data System stock appears to be undervalued.
The current stock price of NT$93.20 is trading 28.7% below its estimated GF Value™ of NT$130.72.
GuruFocus considers Dimerco Data System to be Modestly Undervalued.
Key valuation signals for ROCO:5403:
Beneish M-Score: -2.47
GF Value™: NT$130.72 vs. price of NT$93.20 (28.7% below fair value)
No single metric tells the full story. See the ROCO:5403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dimerco Data System Corp is mainly engaged in the design, development, and sales of various computer software, the agency and sales of computer hardware equipment, computer data processing services, computer information consulting business and computer leasing, etc. The company has three reporting segments, namely the hardware department, the software department, and other departments. The hardware department which generates key revenue, provides services for trading computer hardware equipment. The software department offers services such as enterprise software design and system maintenance.
94GF Score
Get the complete analysis for ROCO:5403
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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