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MGI Tech CoSHSE:688114 -2.38%69 Beneish M-Score is -2.76 as of Jul. 26, 2026. GuruFocus rates SHSE:688114 with a GF Score™ of 69/100 and a GF Value™ of ¥66.44 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 763 Medical Devices & Instruments companies, MGI Tech Co ranks better than 66.32% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for MGI Tech Co's Beneish M-Score or its related term are showing as below:
SHSE:688114'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.76 Med: -2.13 Max: -1.14
Current: -2.76
During the past 9 years, the highest Beneish M-Score of MGI Tech Co was -1.14. The lowest was -2.76. And the median was -2.13.
MGI Tech Co Beneish M-Score Related Terms
MGI Tech Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for MGI Tech 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:688114 vs ABT, SYK, MDT: Beneish M-Score Comparison
For the Medical Devices subindustry, MGI Tech 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.
MGI Tech Co Beneish M-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, MGI Tech Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where MGI Tech 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 MGI Tech 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 * 0.9816
+
0.528 * 1.0132
+
0.404 * 1.0223
+
0.892 * 0.9814
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.6853
+
4.679 * -0.059958
-
0.327 * 1.1148
=
-2.76
* 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 + 2711.726))
/
(0 / (0 + 2732.138))
=
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
=
(-158.015 - 0
-
439.457)
/
9964.885
=
-0.059958
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.
MGI Tech Co has a M-score of -2.76 suggests that the company is unlikely to be a manipulator.
MGI Tech Co (SHSE:688114) has a Beneish M-Score of -2.76 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MGI Tech Co and its competitors. According to the industry distribution chart, MGI Tech Co ranks #257 out of 763 companies in the Medical Devices & Instruments industry, placing it in the top 33.7%.
Is MGI Tech Co's Beneish M-Score too high?
MGI Tech Co's current Beneish M-Score is -2.76. Based on the distribution chart, MGI Tech Co ranks #257 out of 763 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, MGI Tech Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MGI Tech Co's Beneish M-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, MGI Tech Co ranks #257 out of 763 companies for Beneish M-Score. This puts MGI Tech 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 Medical Devices & Instruments company?
A good Beneish M-Score depends on the Medical Devices & Instruments 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 MGI Tech Co and its competitors. MGI Tech Co's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGI Tech Co stock overvalued right now?
Based on GuruFocus' analysis, MGI Tech Co (SHSE:688114) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥66.44, compared to a current price of ¥47.11 — trading 29.1% below its estimated fair value. The current Beneish M-Score is -2.76. MGI Tech Co's overall GF Score™ is 69/100 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 MGI Tech Co (SHSE:688114), the current Beneish M-Score is -2.76 as of Jul. 26, 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 MGI Tech Co (SHSE:688114) Overvalued in 2026?
Based on GuruFocus' analysis, MGI Tech Co stock appears to be undervalued.
The current stock price of ¥47.11 is trading 29.1% below its estimated GF Value™ of ¥66.44.
GuruFocus considers MGI Tech Co to be Modestly Undervalued.
Key valuation signals for SHSE:688114:
Beneish M-Score: -2.76
GF Value™: ¥66.44 vs. price of ¥47.11 (29.1% below fair value)
No single metric tells the full story. See the SHSE:688114 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGI Tech Co Ltd is a producer of clinical high-throughput gene sequencers, and its multi-omics platforms include genetic sequencing, medical imaging, and laboratory automation. It provides real-time, panoramic, and full-life-cycle equipment and systems for precision medicine, precision agriculture, precision healthcare, and other relevant industries.
69GF Score
Get the complete analysis for SHSE:688114
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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