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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 -2.42 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Atech OEM's Beneish M-Score or its related term are showing as below:
ROCO:6109'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.47 Med: -2.73 Max: -1.86
Current: -2.42
During the past 13 years, the highest Beneish M-Score of Atech OEM was -1.86. The lowest was -3.47. And the median was -2.73.
Atech OEM Beneish M-Score Related Terms
Atech OEM Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Atech OEM'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.
For the Electrical Equipment & Parts subindustry, Atech OEM'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.
Atech OEM Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Atech OEM's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Atech OEM'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 Atech OEM 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 * 1.3966
+
0.528 * 0.6796
+
0.404 * 0.8491
+
0.892 * 1.0846
+
0.115 * 1.2733
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9539
+
4.679 * -0.004579
-
0.327 * 1.5056
=
-2.42
* 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))
=
(34.582 / (34.582 + 105.56))
/
(34.087 / (34.087 + 141.808))
=
0.246764
/
0.193792
=
1.2733
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
=
(-63.566 - 0
-
-58.53)
/
1099.911
=
-0.004579
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.
Atech OEM has a M-score of -2.42 suggests that the company is unlikely to be a manipulator.
Atech OEM (ROCO:6109) has a Beneish M-Score of -2.42 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Atech OEM and its competitors. According to the industry distribution chart, Atech OEM ranks #1568 out of 2914 companies in the Industrial Products industry, placing it in the top 53.8%.
Is Atech OEM's Beneish M-Score too high?
Atech OEM's current Beneish M-Score is -2.42. Based on the distribution chart, Atech OEM ranks #1568 out of 2914 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Atech OEM has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atech OEM's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Atech OEM ranks #1568 out of 2914 companies for Beneish M-Score. This places Atech OEM 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Atech OEM and its competitors. Atech OEM's current Beneish M-Score is -2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atech OEM stock overvalued right now?
Based on GuruFocus' analysis, Atech OEM (ROCO:6109) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$10.02, compared to a current price of NT$11.90 — trading 18.8% above its estimated fair value. The current Beneish M-Score is -2.42. Atech OEM's overall GF Score™ is 59/100 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 Atech OEM (ROCO:6109), the current Beneish M-Score is -2.42 as of Jul. 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 Atech OEM (ROCO:6109) Overvalued in 2026?
Based on GuruFocus' analysis, Atech OEM stock appears to be overvalued.
The current stock price of NT$11.90 is trading 18.8% above its estimated GF Value™ of NT$10.02.
GuruFocus considers Atech OEM to be Modestly Overvalued.
Key valuation signals for ROCO:6109:
Beneish M-Score: -2.42
GF Value™: NT$10.02 vs. price of NT$11.90 (18.8% above fair value)
No single metric tells the full story. See the ROCO:6109 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atech OEM Inc main business is the processing, manufacturing, and trading of power supply units, power transformers for communication devices, mobile phone chargers, and wireless Bluetooth products. The company's products and services includes Power supply unit, Bluetooth wireless product, Service revenue, and Others. It has two operating segments Power segment, and Wireless segment. The company generates majority of revenue from Power segment. It has presence in Taiwan, China, U.S.A., U.K., EU, Japan, Vietnam, and Others. The company generates majority of revenue from China.
59GF Score
Get the complete analysis for ROCO:6109
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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