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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 -2.12 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Super Telecom Co's Beneish M-Score or its related term are showing as below:
SHSE:603322'
s Beneish M-Score Range Over the Past 10 Years
Min: -7.9 Med: -2.42 Max: 2.66
Current: -2.12
During the past 13 years, the highest Beneish M-Score of Super Telecom Co was 2.66. The lowest was -7.90. And the median was -2.42.
Super Telecom Co Beneish M-Score Related Terms
Super Telecom Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Super Telecom 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:603322 vs CSCO, MSI, HPE: Beneish M-Score Comparison
For the Communication Equipment subindustry, Super Telecom 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.
Super Telecom Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Super Telecom Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Super Telecom 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 Super Telecom 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 * 0.7949
+
0.528 * 1.6138
+
0.404 * 1.1728
+
0.892 * 1.5559
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3134
+
4.679 * -0.063505
-
0.327 * 0.9636
=
-2.12
* 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 + 54.4))
/
(0 / (0 + 21.406))
=
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
=
(-44.077 - 0
-
101.188)
/
2287.449
=
-0.063505
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.
Super Telecom Co has a M-score of -2.12 suggests that the company is unlikely to be a manipulator.
Super Telecom Co (SHSE:603322) has a Beneish M-Score of -2.12 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Super Telecom Co and its competitors. According to the industry distribution chart, Super Telecom Co ranks #1770 out of 2403 companies in the Hardware industry, placing it in the top 73.7%.
Is Super Telecom Co's Beneish M-Score too high?
Super Telecom Co's current Beneish M-Score is -2.12. Based on the distribution chart, Super Telecom Co ranks #1770 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Super Telecom Co has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Super Telecom Co's Beneish M-Score compare to CSCO and MSI?
According to the Hardware industry distribution chart, Super Telecom Co ranks #1770 out of 2403 companies for Beneish M-Score. This places Super Telecom 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Super Telecom Co and its competitors. Super Telecom Co's current Beneish M-Score is -2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Telecom Co stock overvalued right now?
Based on GuruFocus' analysis, Super Telecom Co (SHSE:603322) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥37.66, compared to a current price of ¥26.74 — trading 29% below its estimated fair value. The current Beneish M-Score is -2.12. Super Telecom Co's overall GF Score™ is 58/100 with 4 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 Super Telecom Co (SHSE:603322), the current Beneish M-Score is -2.12 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 Super Telecom Co (SHSE:603322) Overvalued in 2026?
Based on GuruFocus' analysis, Super Telecom Co stock appears to be undervalued.
The current stock price of ¥26.74 is trading 29% below its estimated GF Value™ of ¥37.66.
GuruFocus considers Super Telecom Co to be Modestly Undervalued.
Key valuation signals for SHSE:603322:
Beneish M-Score: -2.12
GF Value™: ¥37.66 vs. price of ¥26.74 (29% below fair value)
No single metric tells the full story. See the SHSE:603322 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Super Telecom Co Ltd is engaged in the computer, communications, and other electronic equipment manufacturing industry. The various products and services offered by the company include computing power construction and leasing, computing equipment and products such as servers and GPU products. It also offers charging piles, photovoltaics, and other products for the new energy industry. In addition, the company provides the Internet of Things, Communication engineering and maintenance services, and a range of information and communication technology solutions. Maximum revenue for the company is derived from its Communication business which provides daily maintenance services, communication network inspection, adjustments for communication operators, and other related products and services.
58GF Score
Get the complete analysis for SHSE:603322
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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