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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 -3.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Yield Microelectronics's Beneish M-Score or its related term are showing as below:
ROCO:6423'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.19 Med: -2.77 Max: -2.64
Current: -3.19
During the past 13 years, the highest Beneish M-Score of Yield Microelectronics was -2.64. The lowest was -3.19. And the median was -2.77.
Yield Microelectronics Beneish M-Score Related Terms
Yield Microelectronics Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Yield Microelectronics'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:6423 vs NVDA, AVGO, MU: Beneish M-Score Comparison
For the Semiconductors subindustry, Yield Microelectronics'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.
Yield Microelectronics Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Yield Microelectronics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Yield Microelectronics'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 Yield Microelectronics 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 * 0.7185
+
0.528 * 1.012
+
0.404 * 1.1438
+
0.892 * 1.0234
+
0.115 * 2.4823
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0924
+
4.679 * -0.085419
-
0.327 * 1.898
=
-3.19
* 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))
=
(39.709 / (39.709 + 64.501))
/
(50.632 / (50.632 + 279.2))
=
0.381048
/
0.153508
=
2.4823
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
=
(17.143 - 0
-
70.071)
/
619.628
=
-0.085419
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.
Yield Microelectronics has a M-score of -3.19 suggests that the company is unlikely to be a manipulator.
Yield Microelectronics (ROCO:6423) has a Beneish M-Score of -3.19 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Yield Microelectronics and its competitors. According to the industry distribution chart, Yield Microelectronics ranks #128 out of 987 companies in the Semiconductors industry, placing it in the top 13%.
Is Yield Microelectronics' Beneish M-Score too high?
Yield Microelectronics' current Beneish M-Score is -3.19. Based on the distribution chart, Yield Microelectronics ranks #128 out of 987 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Yield Microelectronics has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yield Microelectronics' Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Yield Microelectronics ranks #128 out of 987 companies for Beneish M-Score. This places Yield Microelectronics in the top 13% of its industry — outperforming the majority of peers. 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 Yield Microelectronics and its competitors. Yield Microelectronics's current Beneish M-Score is -3.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yield Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, Yield Microelectronics (ROCO:6423) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$109.53, compared to a current price of NT$72.30 — trading 34% below its estimated fair value. The current Beneish M-Score is -3.19. Yield Microelectronics' overall GF Score™ is 82/100 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 Yield Microelectronics (ROCO:6423), the current Beneish M-Score is -3.19 as of Jul. 16, 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 Yield Microelectronics (ROCO:6423) Overvalued in 2026?
Based on GuruFocus' analysis, Yield Microelectronics stock appears to be undervalued.
The current stock price of NT$72.30 is trading 34% below its estimated GF Value™ of NT$109.53.
GuruFocus considers Yield Microelectronics to be Significantly Undervalued.
Key valuation signals for ROCO:6423:
Beneish M-Score: -3.19
GF Value™: NT$109.53 vs. price of NT$72.30 (34% below fair value)
No single metric tells the full story. See the ROCO:6423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yield Microelectronics Corp engages in the design, research and development, manufacturing, wholesale and retail, international trade, and intellectual property rights of electronic products. It operates in single segment. Geographically, it operates in Mainland China (including Hong Kong), Korea, Taiwan, Singapore, United States, and Others.
82GF Score
Get the complete analysis for ROCO:6423
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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