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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 -2.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Jiangsu Hengli Hydraulic Co's Beneish M-Score or its related term are showing as below:
SHSE:601100'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.63 Med: -2.29 Max: 6.47
Current: -2.14
During the past 13 years, the highest Beneish M-Score of Jiangsu Hengli Hydraulic Co was 6.47. The lowest was -4.63. And the median was -2.29.
Jiangsu Hengli Hydraulic Co Beneish M-Score Related Terms
Jiangsu Hengli Hydraulic 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:601100 vs GEV, ETN, PH: Beneish M-Score Comparison
For the Specialty Industrial Machinery subindustry, Jiangsu Hengli Hydraulic 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.
Jiangsu Hengli Hydraulic Co Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Jiangsu Hengli Hydraulic Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Jiangsu Hengli Hydraulic Co's Beneish M-Score falls into.
Jiangsu Hengli Hydraulic 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 Jiangsu Hengli Hydraulic 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 * 0.9477
+
0.528 * 1.0346
+
0.404 * 1.2018
+
0.892 * 1.2411
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8471
+
4.679 * 0.021724
-
0.327 * 1.1573
=
-2.14
* 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 + 4982.644))
/
(0 / (0 + 5419.122))
=
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
=
(2768.635 - 0
-
2278.696)
/
22553.095
=
0.021724
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.
Jiangsu Hengli Hydraulic Co has a M-score of -2.14 suggests that the company is unlikely to be a manipulator.
Jiangsu Hengli Hydraulic Co (SHSE:601100) has a Beneish M-Score of -2.14 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Jiangsu Hengli Hydraulic Co and its competitors. According to the industry distribution chart, Jiangsu Hengli Hydraulic Co ranks #2099 out of 2914 companies in the Industrial Products industry, placing it in the top 72%.
Is Jiangsu Hengli Hydraulic Co's Beneish M-Score too high?
Jiangsu Hengli Hydraulic Co's current Beneish M-Score is -2.14. Based on the distribution chart, Jiangsu Hengli Hydraulic Co ranks #2099 out of 2914 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Jiangsu Hengli Hydraulic Co has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Hengli Hydraulic Co's Beneish M-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Jiangsu Hengli Hydraulic Co ranks #2099 out of 2914 companies for Beneish M-Score. This places Jiangsu Hengli Hydraulic 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Jiangsu Hengli Hydraulic Co and its competitors. Jiangsu Hengli Hydraulic Co's current Beneish M-Score is -2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Hengli Hydraulic Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Hengli Hydraulic Co (SHSE:601100) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥90.57, compared to a current price of ¥103.80 — trading 14.6% above its estimated fair value. The current Beneish M-Score is -2.14. Jiangsu Hengli Hydraulic Co's overall GF Score™ is 90/100 with 2 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 Jiangsu Hengli Hydraulic Co (SHSE:601100), the current Beneish M-Score is -2.14 as of Jul. 28, 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 Jiangsu Hengli Hydraulic Co (SHSE:601100) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Hengli Hydraulic Co stock appears to be overvalued.
The current stock price of ¥103.80 is trading 14.6% above its estimated GF Value™ of ¥90.57.
GuruFocus considers Jiangsu Hengli Hydraulic Co to be Modestly Overvalued.
Key valuation signals for SHSE:601100:
Beneish M-Score: -2.14
GF Value™: ¥90.57 vs. price of ¥103.80 (14.6% above fair value)
No single metric tells the full story. See the SHSE:601100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengli Hydraulic is a leading Chinese hydraulic component supplier. It designs, manufactures, and sells hydraulic cylinder, pump, valve, and motor products. Hengli's products are widely used in heavy machinery. It is the largest supplier of excavator hydraulic cylinders in the world, holding about 30% global market share.
90GF Score
Get the complete analysis for SHSE:601100
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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