SFUNY (Fang Holdings) Beneish M-Score: -2.05 (As of Jun. 25, 2026)

What is Fang Holdings Beneish M-Score?

Fang Holdings SFUNY 58 Beneish M-Score is -2.05 as of Jun. 25, 2026. GuruFocus rates SFUNY with a GF Score™ of 58/100 and a GF Value™ of $1.71 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 532 Interactive Media companies, Fang Holdings ranks worse than 76.69% on this metric.

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 -2.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Fang Holdings's Beneish M-Score or its related term are showing as below:

SFUNY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.56 Med: -2.64 Max: -0.67
Current: -2.05

During the past 13 years, the highest Beneish M-Score of Fang Holdings was -0.67. The lowest was -3.56. And the median was -2.64.

Fang Holdings Beneish M-Score Related Terms

Fang Holdings Beneish M-Score Historical Data

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The historical data trend for Fang Holdings'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.

Fang Holdings Beneish M-Score Chart

Fang Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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-2.54

-1.89

-2.99

-3.36

-2.05

Fang Holdings Semi-Annual Data
	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23	Dec24
Beneish M-Score	Get a 7-Day Free Trial												-2.54	-1.89	-2.99	-3.36	-2.05

SFUNY vs FENG, CHAI, NAMI: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Fang Holdings'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.

Fang Holdings Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Fang Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Fang Holdings's Beneish M-Score falls into.

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58GF Score

Fang Holdings Ltd SFUNY

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Fang Holdings Beneish M-Score Calculation

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 Fang Holdings for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.6987

0.528 * 1.0343

0.404 * 0.9108

0.892 * 0.6133

0.115 * 1.2294

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1666

4.679 * 0.031623

0.327 * 0.9936

-2.05

This Year (Dec24) TTM:

Last Year (Dec23) TTM:

Total Receivables was $51.62 Mil.
Revenue was $30.68 Mil.
Gross Profit was $24.97 Mil.
Total Current Assets was $295.91 Mil.
Total Assets was $838.84 Mil.
Property, Plant and Equipment(Net PPE) was $429.07 Mil.
Depreciation, Depletion and Amortization(DDA) was $16.98 Mil.
Selling, General, & Admin. Expense(SGA) was $50.93 Mil.
Total Current Liabilities was $211.24 Mil.
Long-Term Debt & Capital Lease Obligation was $125.31 Mil.
Net Income was $-28.76 Mil.
Gross Profit was $-58.87 Mil.
Cash Flow from Operations was $3.59 Mil.

Total Receivables was $49.54 Mil.
Revenue was $50.02 Mil.
Gross Profit was $42.11 Mil.
Total Current Assets was $320.35 Mil.
Total Assets was $947.01 Mil.
Property, Plant and Equipment(Net PPE) was $485.52 Mil.
Depreciation, Depletion and Amortization(DDA) was $23.84 Mil.
Selling, General, & Admin. Expense(SGA) was $71.17 Mil.
Total Current Liabilities was $214.81 Mil.
Long-Term Debt & Capital Lease Obligation was $167.57 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(51.615 / 30.676)	/	(49.542 / 50.015)
	=	1.682586	/	0.990543
	=	1.6987

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(42.106 / 50.015)	/	(24.968 / 30.676)
	=	0.841867	/	0.813926
	=	1.0343

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (295.914 + 429.066) / 838.84)	/	(1 - (320.351 + 485.521) / 947.011)
	=	0.135735	/	0.149036
	=	0.9108

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	30.676	/	50.015
	=	0.6133

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
	=	(23.839 / (23.839 + 485.521))	/	(16.98 / (16.98 + 429.066))
	=	0.046802	/	0.038068
	=	1.2294

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(50.926 / 30.676)	/	(71.172 / 50.015)
	=	1.660125	/	1.423013
	=	1.1666

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((125.308 + 211.235) / 838.84)	/	((167.57 + 214.808) / 947.011)
	=	0.4012	/	0.403774
	=	0.9936

8. TATA = Total Accruals to Total Assets

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
	=	(-28.756 - -58.868	-	3.585)	/	838.84
	=	0.031623

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.

Fang Holdings has a M-score of -2.05 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -2.05 mean?

Fang Holdings (SFUNY) has a Beneish M-Score of -2.05 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fang Holdings and its competitors. According to the industry distribution chart, Fang Holdings ranks #408 out of 532 companies in the Interactive Media industry, placing it in the top 76.7%.

Is Fang Holdings' Beneish M-Score too high?

Fang Holdings' current Beneish M-Score is -2.05. Based on the distribution chart, Fang Holdings ranks #408 out of 532 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Fang Holdings has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Fang Holdings' Beneish M-Score compare to FENG and CHAI?

According to the Interactive Media industry distribution chart, Fang Holdings ranks #408 out of 532 companies for Beneish M-Score. This places Fang Holdings 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 Interactive Media company?

A good Beneish M-Score depends on the Interactive Media 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 Fang Holdings and its competitors. Fang Holdings's current Beneish M-Score is -2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Fang Holdings stock overvalued right now?

Based on GuruFocus' analysis, Fang Holdings (SFUNY) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.71, compared to a current price of $2.06 — trading 20.5% above its estimated fair value. The current Beneish M-Score is -2.05. Fang Holdings' overall GF Score™ is 58/100 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 Fang Holdings (SFUNY), the current Beneish M-Score is -2.05 as of Jun. 25, 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 Fang Holdings (SFUNY) Overvalued in 2026?

Based on GuruFocus' analysis, Fang Holdings stock appears to be overvalued. The current stock price of $2.06 is trading 20.5% above its estimated GF Value™ of $1.71. GuruFocus considers Fang Holdings to be Modestly Overvalued.

Key valuation signals for SFUNY:

Beneish M-Score: -2.05
GF Value™: $1.71 vs. price of $2.06 (20.5% above fair value)
GF Score™: 58/100 with 3 warning signs

No single metric tells the full story. See the SFUNY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fang Holdings Business Description

Industry Communication Services Interactive Media

Comparable Companies FENG CHAI NAMI GIFT GITS LCFY CRTD SLE ONFO FMHS GOOGL META HKSE:00700 SPOT TSE:6098 NBIS BIDU RDDT HKSE:01024 XKRX:035420

Address Tower A, No. 20 Guogongzhuang Middle Street, Fengtai District, Beijing, CHN, 100070

Website https://www.fang.com

Fang Holdings Ltd is a real estate Internet portal in China, operating websites and mobile apps that support active communities in the real estate and home-related sectors. It provides marketing, listing, leads generation, financial, and other services, including entrusted loans and mortgage loans subject to credit assessment. The platform offers broad real estate and home furnishing information and serves as a central forum supporting transactions across the PRC market. Revenue is generated mainly from new home sales through its e-commerce platform, along with income from marketing, listing, and financial services, and the company also grants licenses to local agencies to use its brand and backend systems.

58GF Score

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$2.06

Price

$1.71

GF Value

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