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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 -4.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Beng Kuang Marine's Beneish M-Score or its related term are showing as below:
SGX:BEZ'
s Beneish M-Score Range Over the Past 10 Years
Min: -6.92 Med: -3.06 Max: -0.98
Current: -4.44
During the past 13 years, the highest Beneish M-Score of Beng Kuang Marine was -0.98. The lowest was -6.92. And the median was -3.06.
Beng Kuang Marine Beneish M-Score Related Terms
Beng Kuang Marine Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Beng Kuang Marine'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.
SGX:BEZ vs SLB, BKR, HAL: Beneish M-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Beng Kuang Marine'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.
Beng Kuang Marine Beneish M-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Beng Kuang Marine's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Beng Kuang Marine'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 Beng Kuang Marine 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 * 0.7313
+
0.528 * 0.9332
+
0.404 * 0.0996
+
0.892 * 0.8773
+
0.115 * 1.1605
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1241
+
4.679 * -0.265998
-
0.327 * 0.8744
=
-4.44
* 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))
=
(2.899 / (2.899 + 10.612))
/
(3.565 / (3.565 + 15.717))
=
0.214566
/
0.184887
=
1.1605
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
=
(5.334 - 0
-
26.554)
/
79.775
=
-0.265998
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.
Beng Kuang Marine has a M-score of -4.44 suggests that the company is unlikely to be a manipulator.
Beng Kuang Marine (SGX:BEZ) has a Beneish M-Score of -4.44 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Beng Kuang Marine and its competitors. According to the industry distribution chart, Beng Kuang Marine ranks #45 out of 822 companies in the Oil & Gas industry, placing it in the top 5.5%.
Is Beng Kuang Marine's Beneish M-Score too high?
Beng Kuang Marine's current Beneish M-Score is -4.44. Based on the distribution chart, Beng Kuang Marine ranks #45 out of 822 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Beng Kuang Marine has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Beng Kuang Marine's Beneish M-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Beng Kuang Marine ranks #45 out of 822 companies for Beneish M-Score. This places Beng Kuang Marine in the top 6% 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 an Oil & Gas company?
A good Beneish M-Score depends on the Oil & Gas 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 Beng Kuang Marine and its competitors. Beng Kuang Marine's current Beneish M-Score is -4.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beng Kuang Marine stock overvalued right now?
Based on GuruFocus' analysis, Beng Kuang Marine (SGX:BEZ) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.19, compared to a current price of S$0.53 — trading 176.3% above its estimated fair value. The current Beneish M-Score is -4.44. Beng Kuang Marine's overall GF Score™ is 60/100 with 1 warning sign 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 Beng Kuang Marine (SGX:BEZ), the current Beneish M-Score is -4.44 as of Jul. 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 Beng Kuang Marine (SGX:BEZ) Overvalued in 2026?
Based on GuruFocus' analysis, Beng Kuang Marine stock appears to be overvalued.
The current stock price of S$0.53 is trading 176.3% above its estimated GF Value™ of S$0.19.
GuruFocus considers Beng Kuang Marine to be Significantly Overvalued.
Key valuation signals for SGX:BEZ:
Beneish M-Score: -4.44
GF Value™: S$0.19 vs. price of S$0.53 (176.3% above fair value)
No single metric tells the full story. See the SGX:BEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beng Kuang Marine Ltd is engaged in the provision of corrosion prevention services relating to the repair of ships, tankers and other ocean-going vessels and investment holding. The company operates through the following segments: Infrastructure Engineering, Corrosion Prevention, Corporate Services, and Others segment. A majority of the company's revenue is generated from the Infrastructure Engineering segment which relates to the provision of a wide range of engineering services including repairs and maintenance of floating production platforms, onshore and offshore marine fabrications, and the production and supply of customized pedestal cranes and deck equipment.
60GF Score
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