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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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Luyin Investment Group Co's Beneish M-Score or its related term are showing as below:
SHSE:600784'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.82 Med: -2.52 Max: 10.84
Current: -2.44
During the past 13 years, the highest Beneish M-Score of Luyin Investment Group Co was 10.84. The lowest was -4.82. And the median was -2.52.
Luyin Investment Group Co Beneish M-Score Related Terms
Luyin Investment 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.
SHSE:600784 vs NUE, STLD, RS: Beneish M-Score Comparison
For the Steel subindustry, Luyin Investment 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.
Luyin Investment Group Co Beneish M-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Luyin Investment Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Luyin Investment Group Co's Beneish M-Score falls into.
Luyin Investment 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 Luyin Investment 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 * 1.0859
+
0.528 * 1.1532
+
0.404 * 1.0071
+
0.892 * 0.9884
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1068
+
4.679 * -0.015499
-
0.327 * 1.0711
=
-2.44
* 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))
=
(0 / (0 + 2087.25))
/
(0 / (0 + 2341.425))
=
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
=
(145.834 - 0
-
242.162)
/
6214.965
=
-0.015499
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.
Luyin Investment Group Co has a M-score of -2.44 suggests that the company is unlikely to be a manipulator.
Luyin Investment Group Co (SHSE:600784) has a Beneish M-Score of -2.44 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Luyin Investment Group Co and its competitors. According to the industry distribution chart, Luyin Investment Group Co ranks #333 out of 587 companies in the Steel industry, placing it in the top 56.7%.
Is Luyin Investment Group Co's Beneish M-Score too high?
Luyin Investment Group Co's current Beneish M-Score is -2.44. Based on the distribution chart, Luyin Investment Group Co ranks #333 out of 587 companies in the Steel industry, which is below the industry midpoint. Overall, Luyin Investment Group Co has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Luyin Investment Group Co's Beneish M-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Luyin Investment Group Co ranks #333 out of 587 companies for Beneish M-Score. This places Luyin Investment Group 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 a Steel company?
A good Beneish M-Score depends on the Steel 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 Luyin Investment Group Co and its competitors. Luyin Investment Group Co's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Luyin Investment Group Co stock overvalued right now?
Based on GuruFocus' analysis, Luyin Investment Group Co (SHSE:600784) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥6.13, compared to a current price of ¥7.27 — trading 18.6% above its estimated fair value. The current Beneish M-Score is -2.44. Luyin Investment Group Co's overall GF Score™ is 61/100 with 10 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 Luyin Investment Group Co (SHSE:600784), the current Beneish M-Score is -2.44 as of Jul. 14, 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 Luyin Investment Group Co (SHSE:600784) Overvalued in 2026?
Based on GuruFocus' analysis, Luyin Investment Group Co stock appears to be overvalued.
The current stock price of ¥7.27 is trading 18.6% above its estimated GF Value™ of ¥6.13.
GuruFocus considers Luyin Investment Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:600784:
Beneish M-Score: -2.44
GF Value™: ¥6.13 vs. price of ¥7.27 (18.6% above fair value)
No single metric tells the full story. See the SHSE:600784 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Luyin Investment Group Co Ltd is engaged in Powder metallurgy and products, Real estate, Trade, and others. The main products of the company's powder metallurgy and products business are powder metallurgy materials, automotive structural parts, and powder metallurgy parts. It is applied to products such as automobiles and home appliances, and others. The main products of the real estate business are commercial and residential real estate development, and the trading business relies on the purchase and sale of iron ore, billet, building materials, and other products.
61GF Score
Get the complete analysis for SHSE:600784
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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