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 -2.33 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Goneo Group Co's Beneish M-Score or its related term are showing as below:
SHSE:603195'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.4 Med: -2.54 Max: -1.93
Current: -2.33
During the past 11 years, the highest Beneish M-Score of Goneo Group Co was -1.93. The lowest was -3.40. And the median was -2.54.
The historical data trend for Goneo Group 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:603195 vs VRT, BE: Beneish M-Score Comparison
For the Electrical Equipment & Parts subindustry, Goneo 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.
Goneo Group Co Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Goneo Group Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Goneo Group 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 Goneo 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 * 1.4226
+
0.528 * 0.9871
+
0.404 * 0.9819
+
0.892 * 0.9536
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7548
+
4.679 * -0.035957
-
0.327 * 1.1845
=
-2.33
* 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 + 3557.876))
/
(0 / (0 + 3639.569))
=
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
=
(4153.96 - 0
-
5030.444)
/
24376.117
=
-0.035957
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.
Goneo Group Co has a M-score of -2.33 suggests that the company is unlikely to be a manipulator.
Goneo Group Co (SHSE:603195) has a Beneish M-Score of -2.33 as of Aug. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Goneo Group Co and its competitors. According to the industry distribution chart, Goneo Group Co ranks #1771 out of 2908 companies in the Industrial Products industry, placing it in the top 60.9%.
Is Goneo Group Co's Beneish M-Score too high?
Goneo Group Co's current Beneish M-Score is -2.33. Based on the distribution chart, Goneo Group Co ranks #1771 out of 2908 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Goneo Group Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Goneo Group Co's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Goneo Group Co ranks #1771 out of 2908 companies for Beneish M-Score. This places Goneo 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 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 Goneo Group Co and its competitors. Goneo Group Co's current Beneish M-Score is -2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goneo Group Co stock overvalued right now?
Based on GuruFocus' analysis, Goneo Group Co (SHSE:603195) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥51.27, compared to a current price of ¥42.32 — trading 17.5% below its estimated fair value. The current Beneish M-Score is -2.33. Goneo Group Co's overall GF Score™ is 95/100 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 Goneo Group Co (SHSE:603195), the current Beneish M-Score is -2.33 as of Aug. 03, 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 Goneo Group Co (SHSE:603195) Overvalued in 2026?
Based on GuruFocus' analysis, Goneo Group Co stock appears to be undervalued.
The current stock price of ¥42.32 is trading 17.5% below its estimated GF Value™ of ¥51.27.
GuruFocus considers Goneo Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603195:
Beneish M-Score: -2.33
GF Value™: ¥51.27 vs. price of ¥42.32 (17.5% below fair value)
No single metric tells the full story. See the SHSE:603195 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Goneo Group Co Ltd is engaged in the research, development, manufacture, and sale of civil electrical products such as extended line sockets, wall switches, LED lighting, and digital accessories. The company's products include Power Strips, High-end Power Strip, USB Power Strip, Digital Accessories, Decorative Switch Socket, and Eye-care LED Light.
95GF Score
Get the complete analysis for SHSE:603195
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:603195 has been successfully added to your 
