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 -2.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Speed Tech's Beneish M-Score or its related term are showing as below:
ROCO:5457'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.28 Med: -2.59 Max: -1.51
Current: -2.68
During the past 13 years, the highest Beneish M-Score of Speed Tech was -1.51. The lowest was -3.28. And the median was -2.59.
Speed Tech Beneish M-Score Related Terms
Speed Tech Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Speed Tech'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:5457 vs APH, GLW, TEL: Beneish M-Score Comparison
For the Electronic Components subindustry, Speed Tech'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.
Speed Tech Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Speed Tech's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Speed Tech'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 Speed Tech 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 * 1.1483
+
0.528 * 0.9328
+
0.404 * 0.9652
+
0.892 * 1.0736
+
0.115 * 0.9218
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.043
+
4.679 * -0.065151
-
0.327 * 1.0854
=
-2.68
* 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))
=
(1008.242 / (1008.242 + 7807.825))
/
(1316.063 / (1316.063 + 9292.058))
=
0.114364
/
0.124062
=
0.9218
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
=
(479.796 - 0
-
2536.797)
/
31572.996
=
-0.065151
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.
Speed Tech has a M-score of -2.68 suggests that the company is unlikely to be a manipulator.
Speed Tech (ROCO:5457) has a Beneish M-Score of -2.68 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Speed Tech and its competitors. According to the industry distribution chart, Speed Tech ranks #787 out of 2408 companies in the Hardware industry, placing it in the top 32.7%.
Is Speed Tech's Beneish M-Score too high?
Speed Tech's current Beneish M-Score is -2.68. Based on the distribution chart, Speed Tech ranks #787 out of 2408 companies in the Hardware industry, which is above the industry midpoint. Overall, Speed Tech has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Speed Tech's Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Speed Tech ranks #787 out of 2408 companies for Beneish M-Score. This puts Speed Tech 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Speed Tech and its competitors. Speed Tech's current Beneish M-Score is -2.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Speed Tech stock overvalued right now?
Based on GuruFocus' analysis, Speed Tech (ROCO:5457) is currently considered Possible Value Trap. The stock's GF Value™ is NT$58.52, compared to a current price of NT$34.00 — trading 41.9% below its estimated fair value. The current Beneish M-Score is -2.68. Speed Tech's overall GF Score™ is 73/100 with 5 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 Speed Tech (ROCO:5457), the current Beneish M-Score is -2.68 as of Jun. 28, 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 Speed Tech (ROCO:5457) Overvalued in 2026?
Based on GuruFocus' analysis, Speed Tech stock appears to be undervalued.
The current stock price of NT$34.00 is trading 41.9% below its estimated GF Value™ of NT$58.52.
GuruFocus considers Speed Tech to be Possible Value Trap.
Key valuation signals for ROCO:5457:
Beneish M-Score: -2.68
GF Value™: NT$58.52 vs. price of NT$34.00 (41.9% below fair value)
No single metric tells the full story. See the ROCO:5457 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Speed Tech Corp mainly engage in the design, manufacture, and sale of various electronic connectors, related control buttons, key components, mechanical design, processing, manufacturing, and sale of various precision molds, jigs, plastic molding products, and other computer, electronic, and communication products. The Group's reporting segments Electronic Connectors segment mainly engages in the design, manufacture, and sale of computer, electronic, and communication connectors, as well as buttons; the Mold and Plastic Injection segment mainly engages in the design, manufacture, and sale of various precision molds, dies, and plastic molding products. The majority of revenue comes from Connector Department. It has presence in China and Hong Kong, Taiwan, South Asia, and Others.
73GF Score
Get the complete analysis for ROCO:5457
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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