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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 -2.52 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Shuhua Sports Co's Beneish M-Score or its related term are showing as below:
SHSE:605299'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.14 Med: -2.47 Max: 2.25
Current: -2.52
During the past 12 years, the highest Beneish M-Score of Shuhua Sports Co was 2.25. The lowest was -3.14. And the median was -2.47.
The historical data trend for Shuhua Sports 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:605299 vs AS, HAS, LTH: Beneish M-Score Comparison
For the Leisure subindustry, Shuhua Sports 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.
Shuhua Sports Co Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Shuhua Sports Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Shuhua Sports 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 Shuhua Sports 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 * 0.7692
+
0.528 * 0.9837
+
0.404 * 1.1652
+
0.892 * 1.1921
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7612
+
4.679 * -0.01632
-
0.327 * 1.0578
=
-2.52
* 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 + 564.725))
/
(0 / (0 + 527.385))
=
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
=
(115.453 - 0
-
147.665)
/
1973.831
=
-0.01632
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.
Shuhua Sports Co has a M-score of -2.52 suggests that the company is unlikely to be a manipulator.
Shuhua Sports Co (SHSE:605299) has a Beneish M-Score of -2.52 as of Sep. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Shuhua Sports Co and its competitors. According to the industry distribution chart, Shuhua Sports Co ranks #485 out of 822 companies in the Travel & Leisure industry, placing it in the top 59%.
Is Shuhua Sports Co's Beneish M-Score too high?
Shuhua Sports Co's current Beneish M-Score is -2.52. Based on the distribution chart, Shuhua Sports Co ranks #485 out of 822 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Shuhua Sports Co has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shuhua Sports Co's Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Shuhua Sports Co ranks #485 out of 822 companies for Beneish M-Score. This places Shuhua Sports 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Shuhua Sports Co and its competitors. Shuhua Sports Co's current Beneish M-Score is -2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shuhua Sports Co stock overvalued right now?
Based on GuruFocus' analysis, Shuhua Sports Co (SHSE:605299) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥11.17, compared to a current price of ¥13.16 — trading 17.8% above its estimated fair value. The current Beneish M-Score is -2.52. Shuhua Sports Co's overall GF Score™ is 82/100 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 Shuhua Sports Co (SHSE:605299), the current Beneish M-Score is -2.52 as of Sep. 02, 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 Shuhua Sports Co (SHSE:605299) Overvalued in 2026?
Based on GuruFocus' analysis, Shuhua Sports Co stock appears to be overvalued.
The current stock price of ¥13.16 is trading 17.8% above its estimated GF Value™ of ¥11.17.
GuruFocus considers Shuhua Sports Co to be Modestly Overvalued.
Key valuation signals for SHSE:605299:
Beneish M-Score: -2.52
GF Value™: ¥11.17 vs. price of ¥13.16 (17.8% above fair value)
No single metric tells the full story. See the SHSE:605299 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shuhua Sports Co Ltd is a provider of fitness equipment and health solutions in China. It has four production bases and two operation centers in China. The company offers home fitness, commercial fitness, physical training, campus sports and various others. Its global business covers more than 60 countries and regions, including Europe and the United States, the Middle East and Southeast Asia.
82GF Score
Get the complete analysis for SHSE:605299
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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