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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 -3.51 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bonree Data Technology Co's Beneish M-Score or its related term are showing as below:
SHSE:688229'
s Beneish M-Score Range Over the Past 10 Years
Min: -8.54 Med: -2.38 Max: 1.25
Current: -3.51
During the past 13 years, the highest Beneish M-Score of Bonree Data Technology Co was 1.25. The lowest was -8.54. And the median was -2.38.
Bonree Data Technology Co Beneish M-Score Related Terms
Bonree Data Technology Co Beneish M-Score Historical Data
* 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:688229 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison
For the Software - Infrastructure subindustry, Bonree Data Technology 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.
Bonree Data Technology Co Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Bonree Data Technology Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bonree Data Technology Co's Beneish M-Score falls into.
Bonree Data Technology 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 Bonree Data Technology 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 * 0.9215
+
0.528 * 0.9257
+
0.404 * 0.8199
+
0.892 * 0.8817
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 2.1665
+
4.679 * -0.123884
-
0.327 * 0.8848
=
-3.51
* 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 + 7.777))
/
(0 / (0 + 5.034))
=
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
=
(-99.268 - 0
-
-47.717)
/
416.122
=
-0.123884
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.
Bonree Data Technology Co has a M-score of -3.51 suggests that the company is unlikely to be a manipulator.
Bonree Data Technology Co (SHSE:688229) has a Beneish M-Score of -3.51 as of Jul. 18, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bonree Data Technology Co and its competitors. According to the industry distribution chart, Bonree Data Technology Co ranks #316 out of 2628 companies in the Software industry, placing it in the top 12%.
Is Bonree Data Technology Co's Beneish M-Score too high?
Bonree Data Technology Co's current Beneish M-Score is -3.51. Based on the distribution chart, Bonree Data Technology Co ranks #316 out of 2628 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Bonree Data Technology Co has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bonree Data Technology Co's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Bonree Data Technology Co ranks #316 out of 2628 companies for Beneish M-Score. This places Bonree Data Technology Co in the top 12% of its industry — outperforming the majority of peers. 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 Software company?
A good Beneish M-Score depends on the Software 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 Bonree Data Technology Co and its competitors. Bonree Data Technology Co's current Beneish M-Score is -3.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonree Data Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Bonree Data Technology Co (SHSE:688229) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥46.16, compared to a current price of ¥65.90 — trading 42.8% above its estimated fair value. The current Beneish M-Score is -3.51. Bonree Data Technology Co's overall GF Score™ is 62/100 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 Bonree Data Technology Co (SHSE:688229), the current Beneish M-Score is -3.51 as of Jul. 18, 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 Bonree Data Technology Co (SHSE:688229) Overvalued in 2026?
Based on GuruFocus' analysis, Bonree Data Technology Co stock appears to be overvalued.
The current stock price of ¥65.90 is trading 42.8% above its estimated GF Value™ of ¥46.16.
GuruFocus considers Bonree Data Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688229:
Beneish M-Score: -3.51
GF Value™: ¥46.16 vs. price of ¥65.90 (42.8% above fair value)
No single metric tells the full story. See the SHSE:688229 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bonree Data Technology Co Ltd is an application performance management service provider in China. The company establishes a visual full-business chain performance management system for enterprises to ensure that performance problems at all levels are accurately discovered and located, helping enterprises quickly grasp the impact of application performance on the business, and quickly optimize application performance and IT cost investment in a targeted manner, thereby improving the efficiency and quality of IT system support for digital services, helping companies reduce costs and losses, and improving user experience and business development.
62GF Score
Get the complete analysis for SHSE:688229
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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