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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 -2.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for AECC Aviation Power Co's Beneish M-Score or its related term are showing as below:
SHSE:600893'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.75 Med: -2.09 Max: -0.31
Current: -2.1
During the past 13 years, the highest Beneish M-Score of AECC Aviation Power Co was -0.31. The lowest was -3.75. And the median was -2.09.
AECC Aviation Power Co Beneish M-Score Related Terms
AECC Aviation Power Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for AECC Aviation Power 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:600893 vs SPCX, GE, RTX: Beneish M-Score Comparison
For the Aerospace & Defense subindustry, AECC Aviation Power 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.
AECC Aviation Power Co Beneish M-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, AECC Aviation Power Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where AECC Aviation Power Co's Beneish M-Score falls into.
AECC Aviation Power 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 AECC Aviation Power 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 * 1.2581
+
0.528 * 1.0708
+
0.404 * 0.9567
+
0.892 * 0.9889
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.969
+
4.679 * 0.030498
-
0.327 * 1.0563
=
-2.10
* 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 + 24861.438))
/
(0 / (0 + 25839.535))
=
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
=
(629.376 - 0
-
-3113.441)
/
122724.621
=
0.030498
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.
AECC Aviation Power Co has a M-score of -2.10 suggests that the company is unlikely to be a manipulator.
AECC Aviation Power Co (SHSE:600893) has a Beneish M-Score of -2.10 as of Jul. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AECC Aviation Power Co and its competitors. According to the industry distribution chart, AECC Aviation Power Co ranks #226 out of 326 companies in the Aerospace & Defense industry, placing it in the top 69.3%.
Is AECC Aviation Power Co's Beneish M-Score too high?
AECC Aviation Power Co's current Beneish M-Score is -2.10. Based on the distribution chart, AECC Aviation Power Co ranks #226 out of 326 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, AECC Aviation Power Co has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AECC Aviation Power Co's Beneish M-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, AECC Aviation Power Co ranks #226 out of 326 companies for Beneish M-Score. This places AECC Aviation Power 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 Aerospace & Defense company?
A good Beneish M-Score depends on the Aerospace & Defense 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 AECC Aviation Power Co and its competitors. AECC Aviation Power Co's current Beneish M-Score is -2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AECC Aviation Power Co stock overvalued right now?
Based on GuruFocus' analysis, AECC Aviation Power Co (SHSE:600893) is currently considered Possible Value Trap. The stock's GF Value™ is ¥46.93, compared to a current price of ¥32.33 — trading 31.1% below its estimated fair value. The current Beneish M-Score is -2.10. AECC Aviation Power Co's overall GF Score™ is 65/100 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 AECC Aviation Power Co (SHSE:600893), the current Beneish M-Score is -2.10 as of Jul. 17, 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 AECC Aviation Power Co (SHSE:600893) Overvalued in 2026?
Based on GuruFocus' analysis, AECC Aviation Power Co stock appears to be undervalued.
The current stock price of ¥32.33 is trading 31.1% below its estimated GF Value™ of ¥46.93.
GuruFocus considers AECC Aviation Power Co to be Possible Value Trap.
Key valuation signals for SHSE:600893:
Beneish M-Score: -2.10
GF Value™: ¥46.93 vs. price of ¥32.33 (31.1% below fair value)
No single metric tells the full story. See the SHSE:600893 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AECC Aviation Power Co Ltd is a China-based manufacturer of aeronautical engines. It engaged in the design, development, production, maintenance, marketing, and after-sales service of military aircraft and civil aircraft power devices, second power devices, gas turbines, helicopter transmission systems, and aero-engine technology derivative products; customers involved in aviation, aerospace, ships, weapons, Energy, and airspace and other fields. The company designs and produces products such as turbojets, turbofans, turboshafts, turboprops, and pistons, such as aero engines, gas turbines, and helicopter transmission systems.
65GF Score
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