Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Luenmei Quantum Co's Beneish M-Score or its related term are showing as below:
SHSE:600167'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.35 Med: -2.43 Max: 36.51
Current: -2.43
During the past 13 years, the highest Beneish M-Score of Luenmei Quantum Co was 36.51. The lowest was -4.35. And the median was -2.43.
Luenmei Quantum Co Beneish M-Score Related Terms
Luenmei Quantum Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Luenmei Quantum Co'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.
SHSE:600167 vs NEE, SO, DUK: Beneish M-Score Comparison
For the Utilities - Regulated Electric subindustry, Luenmei Quantum Co'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.
Luenmei Quantum Co Beneish M-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Luenmei Quantum Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Luenmei Quantum Co'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 Luenmei Quantum Co 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 * 1.0098
+
0.528 * 1.191
+
0.404 * 1.2767
+
0.892 * 0.8949
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6459
+
4.679 * -0.04851
-
0.327 * 0.7271
=
-2.43
* 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))
=
(0 / (0 + 4576.888))
/
(0 / (0 + 3893.568))
=
0
/
0
=
1
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
=
(600.584 - 0
-
1384.349)
/
16156.838
=
-0.04851
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.
Luenmei Quantum Co has a M-score of -2.43 suggests that the company is unlikely to be a manipulator.
Luenmei Quantum Co (SHSE:600167) has a Beneish M-Score of -2.43 as of Jul. 20, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Luenmei Quantum Co and its competitors. According to the industry distribution chart, Luenmei Quantum Co ranks #335 out of 488 companies in the Utilities - Regulated industry, placing it in the top 68.6%.
Is Luenmei Quantum Co's Beneish M-Score too high?
Luenmei Quantum Co's current Beneish M-Score is -2.43. Based on the distribution chart, Luenmei Quantum Co ranks #335 out of 488 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Luenmei Quantum Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Luenmei Quantum Co's Beneish M-Score compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Luenmei Quantum Co ranks #335 out of 488 companies for Beneish M-Score. This places Luenmei Quantum Co 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 Utilities - Regulated company?
A good Beneish M-Score depends on the Utilities - Regulated 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 Luenmei Quantum Co and its competitors. Luenmei Quantum Co's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luenmei Quantum Co stock overvalued right now?
Based on GuruFocus' analysis, Luenmei Quantum Co (SHSE:600167) is currently considered Fairly Valued. The stock's GF Value™ is ¥5.72, compared to a current price of ¥5.91 — trading 3.3% above its estimated fair value. The current Beneish M-Score is -2.43. Luenmei Quantum Co's overall GF Score™ is 80/100 with 4 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 Luenmei Quantum Co (SHSE:600167), the current Beneish M-Score is -2.43 as of Jul. 20, 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 Luenmei Quantum Co (SHSE:600167) Overvalued in 2026?
Based on GuruFocus' analysis, Luenmei Quantum Co stock appears to be overvalued.
The current stock price of ¥5.91 is trading 3.3% above its estimated GF Value™ of ¥5.72.
GuruFocus considers Luenmei Quantum Co to be Fairly Valued.
Key valuation signals for SHSE:600167:
Beneish M-Score: -2.43
GF Value™: ¥5.72 vs. price of ¥5.91 (3.3% above fair value)
No single metric tells the full story. See the SHSE:600167 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Luenmei Quantum Co Ltd installs and provides services including heat power grids in Shenyang, Liaoning province, China. The company provides integrated energy solutions as well as smart operations and offers management services to address the needs of urban residents for heating and cooling and to meet the multi-energy requirements of industrial parks, huge urban public buildings, and others.
80GF Score
Get the complete analysis for SHSE:600167
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600167 has been successfully added to your 
