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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.
Warning Sign:
Beneish M-Score -1.48 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Asia Metal Industries's Beneish M-Score or its related term are showing as below:
ROCO:6727'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.68 Med: -2.03 Max: -0.95
Current: -1.48
During the past 10 years, the highest Beneish M-Score of Asia Metal Industries was -0.95. The lowest was -3.68. And the median was -2.03.
Asia Metal Industries Beneish M-Score Related Terms
Asia Metal Industries Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Asia Metal Industries'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:6727 vs GEV, ETN, PH: Beneish M-Score Comparison
For the Specialty Industrial Machinery subindustry, Asia Metal Industries'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.
Asia Metal Industries Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Asia Metal Industries's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Asia Metal Industries'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 Asia Metal Industries 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 * 1.6886
+
0.528 * 0.8384
+
0.404 * 2.0481
+
0.892 * 1.0858
+
0.115 * 0.6528
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1826
+
4.679 * 0.0103
-
0.327 * 1.0831
=
-1.48
* 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))
=
(28.652 / (28.652 + 584.681))
/
(47.075 / (47.075 + 610.798))
=
0.046715
/
0.071556
=
0.6528
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
=
(182.892 - 0
-
140.52)
/
4113.736
=
0.0103
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.
Asia Metal Industries has a M-score of -1.48 signals that the company is likely to be a manipulator.
Asia Metal Industries (ROCO:6727) has a Beneish M-Score of -1.48 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Asia Metal Industries and its competitors. According to the industry distribution chart, Asia Metal Industries ranks #2602 out of 2909 companies in the Industrial Products industry, placing it in the top 89.4%.
Is Asia Metal Industries' Beneish M-Score too high?
Asia Metal Industries' current Beneish M-Score is -1.48. Based on the distribution chart, Asia Metal Industries ranks #2602 out of 2909 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Asia Metal Industries has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Metal Industries' Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Asia Metal Industries ranks #2602 out of 2909 companies for Beneish M-Score. This places Asia Metal Industries 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 Asia Metal Industries and its competitors. Asia Metal Industries's current Beneish M-Score is -1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Metal Industries stock overvalued right now?
Based on GuruFocus' analysis, Asia Metal Industries (ROCO:6727) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$79.49, compared to a current price of NT$367.50 — trading 362.3% above its estimated fair value. The current Beneish M-Score is -1.48. Asia Metal Industries' overall GF Score™ is 66/100 with 3 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 Asia Metal Industries (ROCO:6727), the current Beneish M-Score is -1.48 as of Jul. 18, 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 Asia Metal Industries (ROCO:6727) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Metal Industries stock appears to be overvalued.
The current stock price of NT$367.50 is trading 362.3% above its estimated GF Value™ of NT$79.49.
GuruFocus considers Asia Metal Industries to be Significantly Overvalued.
Key valuation signals for ROCO:6727:
Beneish M-Score: -1.48
GF Value™: NT$79.49 vs. price of NT$367.50 (362.3% above fair value)
No single metric tells the full story. See the ROCO:6727 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Metal Industries Inc is a Taiwan-based company. Its main business is the design, manufacture, processing and trading of various metal machinery and parts; design, manufacturing, processing and trading of various molds; various tanks and related pipeline projects; design, manufacture, processing, maintenance and trading of automated machinery and equipment and parts; the design, manufacture, processing and trading of precision testing instruments and parts, as well as the import and export trading of the preceding products.
66GF Score
Get the complete analysis for ROCO:6727
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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