Zbom Home Collection Co (SHSE:603801) Beneish M-Score: -2.58 (As of Jun. 29, 2026)


SHSE:603801 Zbom Home Collection Co Ltd SHSE:603801
68 GF Score
Price ¥5.54
GF Value ¥8.86
Valuation Possible Value Trap
! 10 Warning Signs
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What is Zbom Home Collection Co Beneish M-Score?

Zbom Home Collection Co SHSE:603801 -0.36% 68 Beneish M-Score is -2.58 as of Jun. 29, 2026. GuruFocus rates SHSE:603801 with a GF Score™ of 68/100 and a GF Value™ of ¥8.86 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 415 Furnishings, Fixtures & Appliances companies, Zbom Home Collection Co ranks better than 51.81% on this metric.

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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Zbom Home Collection Co's Beneish M-Score or its related term are showing as below:

SHSE:603801' s Beneish M-Score Range Over the Past 10 Years
Min: -2.81   Med: -2.3   Max: -1.48
Current: -2.58

During the past 13 years, the highest Beneish M-Score of Zbom Home Collection Co was -1.48. The lowest was -2.81. And the median was -2.30.


Zbom Home Collection Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Zbom Home Collection 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.

Zbom Home Collection Co Beneish M-Score Chart

Zbom Home Collection Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.77 -2.61 -2.47 -2.51 -2.49

Zbom Home Collection Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.70 -2.48 -2.60 -2.49 -2.58

SHSE:603801 vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Zbom Home Collection 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.


Zbom Home Collection Co Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zbom Home Collection Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Zbom Home Collection Co's Beneish M-Score falls into.


SHSE:603801
68GF Score
Zbom Home Collection Co Ltd SHSE:603801
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zbom Home Collection 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 Zbom Home Collection 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 * 1.035+0.528 * 1.095+0.404 * 1.181+0.892 * 0.7829+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9125+4.679 * -0.015059-0.327 * 1.0117
=-2.58

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ¥1,028 Mil.
Revenue was 575.328 + 1283.026 + 1174.384 + 1081.835 = ¥4,115 Mil.
Gross Profit was 148.775 + 394.696 + 369.443 + 420.237 = ¥1,333 Mil.
Total Current Assets was ¥2,774 Mil.
Total Assets was ¥6,149 Mil.
Property, Plant and Equipment(Net PPE) was ¥1,816 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥454 Mil.
Total Current Liabilities was ¥2,113 Mil.
Long-Term Debt & Capital Lease Obligation was ¥756 Mil.
Net Income was -94.344 + 31.547 + 35.125 + 95.963 = ¥68 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was -340.353 + 146.749 + 281.915 + 72.571 = ¥161 Mil.
Total Receivables was ¥1,269 Mil.
Revenue was 817.582 + 1582.667 + 1463.07 + 1392.085 = ¥5,255 Mil.
Gross Profit was 262.939 + 553.437 + 541.922 + 506.321 = ¥1,865 Mil.
Total Current Assets was ¥3,339 Mil.
Total Assets was ¥6,723 Mil.
Property, Plant and Equipment(Net PPE) was ¥1,940 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥635 Mil.
Total Current Liabilities was ¥2,325 Mil.
Long-Term Debt & Capital Lease Obligation was ¥775 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(1028.088 / 4114.573) / (1268.765 / 5255.404)
=0.249865 / 0.241421
=1.035

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(1864.619 / 5255.404) / (1333.151 / 4114.573)
=0.3548 / 0.324007
=1.095

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (2774.076 + 1815.894) / 6148.75) / (1 - (3339.242 + 1940.305) / 6722.658)
=0.253512 / 0.214664
=1.181

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=4114.573 / 5255.404
=0.7829

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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 + 1940.305)) / (0 / (0 + 1815.894))
=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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(453.835 / 4114.573) / (635.257 / 5255.404)
=0.110299 / 0.120877
=0.9125

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((755.799 + 2112.736) / 6148.75) / ((774.685 + 2325.285) / 6722.658)
=0.466523 / 0.461123
=1.0117

8. TATA = Total Accruals to Total Assets

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
=(68.291 - 0 - 160.882) / 6148.75
=-0.015059

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.

Zbom Home Collection Co has a M-score of -2.58 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.58 mean?
Zbom Home Collection Co (SHSE:603801) has a Beneish M-Score of -2.58 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Zbom Home Collection Co and its competitors. According to the industry distribution chart, Zbom Home Collection Co ranks #200 out of 415 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 48.2%.
Is Zbom Home Collection Co's Beneish M-Score too high?
Zbom Home Collection Co's current Beneish M-Score is -2.58. Based on the distribution chart, Zbom Home Collection Co ranks #200 out of 415 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Zbom Home Collection Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zbom Home Collection Co's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Zbom Home Collection Co ranks #200 out of 415 companies for Beneish M-Score. This puts Zbom Home Collection Co in the upper 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Zbom Home Collection Co and its competitors. Zbom Home Collection Co's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zbom Home Collection Co stock overvalued right now?
Based on GuruFocus' analysis, Zbom Home Collection Co (SHSE:603801) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.86, compared to a current price of ¥5.54 — trading 37.5% below its estimated fair value. The current Beneish M-Score is -2.58. Zbom Home Collection Co's overall GF Score™ is 68/100 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 Zbom Home Collection Co (SHSE:603801), the current Beneish M-Score is -2.58 as of Jun. 29, 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 Zbom Home Collection Co (SHSE:603801) Overvalued in 2026?

Based on GuruFocus' analysis, Zbom Home Collection Co stock appears to be undervalued. The current stock price of ¥5.54 is trading 37.5% below its estimated GF Value™ of ¥8.86. GuruFocus considers Zbom Home Collection Co to be Possible Value Trap.

Key valuation signals for SHSE:603801:

  • Beneish M-Score: -2.58
  • GF Value™: ¥8.86 vs. price of ¥5.54 (37.5% below fair value)
  • GF Score™: 68/100 with 10 warning signs

No single metric tells the full story. See the SHSE:603801 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zbom Home Collection Co Business Description

Address No. 19, Lianshui Road, Fuyang Industrial Zone, Anhui, Hefei, CHN, 230041
Zbom Home Collection Co Ltd operates in the furniture manufacturing industry. The company is specialized in design, development, and production of the overall kitchen cabinets, custom wardrobe, and other custom furniture products. It also provides customized service of integrated design, custom cabinets, semi-custom kitchen cabinets, installation and after sales services. It has four main product segments: Kitchen Cabinets, Wardrobe, Bathroom, and Kitchen Accessories.
68GF Score

Get the complete analysis for SHSE:603801

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥5.54
Price
¥8.86
GF Value