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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 -3.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Gansu Dunhuang Seed Group Co's Beneish M-Score or its related term are showing as below:
SHSE:600354'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.53 Med: -2.98 Max: -0.96
Current: -3.99
During the past 13 years, the highest Beneish M-Score of Gansu Dunhuang Seed Group Co was -0.96. The lowest was -5.53. And the median was -2.98.
Gansu Dunhuang Seed Group Co Beneish M-Score Related Terms
Gansu Dunhuang Seed Group Co Beneish M-Score Historical Data
* 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.
Gansu Dunhuang Seed Group Co Beneish M-Score Chart
SHSE:600354 vs ADM, BG, TSN: Beneish M-Score Comparison
For the Farm Products subindustry, Gansu Dunhuang Seed Group 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.
Gansu Dunhuang Seed Group Co Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Gansu Dunhuang Seed Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Gansu Dunhuang Seed Group Co's Beneish M-Score falls into.
Gansu Dunhuang Seed Group Co 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 Gansu Dunhuang Seed Group 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 * 0.6369
+
0.528 * 0.9434
+
0.404 * 0.9274
+
0.892 * 0.9111
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7369
+
4.679 * -0.225197
-
0.327 * 1.0824
=
-3.99
* 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 + 356))
/
(0 / (0 + 322.669))
=
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
=
(30.621 - 0
-
465.067)
/
1929.18
=
-0.225197
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.
Gansu Dunhuang Seed Group Co has a M-score of -3.99 suggests that the company is unlikely to be a manipulator.
Gansu Dunhuang Seed Group Co (SHSE:600354) has a Beneish M-Score of -3.99 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gansu Dunhuang Seed Group Co and its competitors. According to the industry distribution chart, Gansu Dunhuang Seed Group Co ranks #70 out of 1851 companies in the Consumer Packaged Goods industry, placing it in the top 3.8%.
Is Gansu Dunhuang Seed Group Co's Beneish M-Score too high?
Gansu Dunhuang Seed Group Co's current Beneish M-Score is -3.99. Based on the distribution chart, Gansu Dunhuang Seed Group Co ranks #70 out of 1851 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Gansu Dunhuang Seed Group Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Gansu Dunhuang Seed Group Co's Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Gansu Dunhuang Seed Group Co ranks #70 out of 1851 companies for Beneish M-Score. This places Gansu Dunhuang Seed Group Co in the top 4% 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Gansu Dunhuang Seed Group Co and its competitors. Gansu Dunhuang Seed Group Co's current Beneish M-Score is -3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gansu Dunhuang Seed Group Co stock overvalued right now?
Based on GuruFocus' analysis, Gansu Dunhuang Seed Group Co (SHSE:600354) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.11, compared to a current price of ¥5.79 — trading 5.2% below its estimated fair value. The current Beneish M-Score is -3.99. Gansu Dunhuang Seed Group Co's overall GF Score™ is 60/100 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 Gansu Dunhuang Seed Group Co (SHSE:600354), the current Beneish M-Score is -3.99 as of Jul. 24, 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 Gansu Dunhuang Seed Group Co (SHSE:600354) Overvalued in 2026?
Based on GuruFocus' analysis, Gansu Dunhuang Seed Group Co stock appears to be undervalued.
The current stock price of ¥5.79 is trading 5.2% below its estimated GF Value™ of ¥6.11.
GuruFocus considers Gansu Dunhuang Seed Group Co to be Fairly Valued.
Key valuation signals for SHSE:600354:
Beneish M-Score: -3.99
GF Value™: ¥6.11 vs. price of ¥5.79 (5.2% below fair value)
No single metric tells the full story. See the SHSE:600354 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gansu Dunhuang Seed Group Co Ltd is a China-based company engaged in the production and sale of all kinds of crop seeds. The company produces and markets grain, cotton, melon and vegetable seeds and cotton products such as lint, cottonseeds, and linters. It is also involved in the processing and sale of cotton oil, tomato sauce, tomato powder, hops products, procurement, warehousing, and sales of cotton, its byproducts. The company generates the majority of its revenue from the seed business.
60GF Score
Get the complete analysis for SHSE:600354
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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