Geovis Technology Co (SHSE:688568) Beneish M-Score: -2.84 (As of Jul. 21, 2026)

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SHSE:688568 Geovis Technology Co Ltd SHSE:688568
87 GF Score
Price ¥34.58
GF Value ¥32.38
Valuation Fairly Valued
! 12 Warning Signs
View Full Analysis

What is Geovis Technology Co Beneish M-Score?

Geovis Technology Co SHSE:688568 +0.73% 87 Beneish M-Score is -2.84 as of Jul. 21, 2026. GuruFocus rates SHSE:688568 with a GF Score™ of 87/100 and a GF Value™ of ¥32.38 (Fairly Valued). The stock has 12 warning signs investors should review. Among 2,630 Software companies, Geovis Technology Co ranks better than 69.92% 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SHSE:688568' s Beneish M-Score Range Over the Past 10 Years
Min: -5.31   Med: -1.63   Max: -0.15
Current: -2.84

During the past 10 years, the highest Beneish M-Score of Geovis Technology Co was -0.15. The lowest was -5.31. And the median was -1.63.


Geovis Technology Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Geovis Technology 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.

Geovis Technology Co Beneish M-Score Chart

Geovis Technology 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 -1.93 -1.16 -1.58 -1.90 -2.68

Geovis Technology 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 -2.05 -2.15 -2.29 -2.68 -2.84

SHSE:688568 vs UBER, SHOP, CRM: Beneish M-Score Comparison

For the Software - Application subindustry, Geovis 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.


Geovis Technology Co Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Geovis Technology Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Geovis Technology Co's Beneish M-Score falls into.


SHSE:688568
87GF Score
Geovis Technology Co Ltd SHSE:688568
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Geovis 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 Geovis 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 * 1.1048+0.528 * 1.1176+0.404 * 0.9818+0.892 * 0.7104+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3585+4.679 * -0.037648-0.327 * 1.0339
=-2.84

* 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 ¥2,546 Mil.
Revenue was 202.683 + 468.399 + 860.324 + 843.683 = ¥2,375 Mil.
Gross Profit was 81.239 + 195.787 + 406.076 + 373.343 = ¥1,056 Mil.
Total Current Assets was ¥5,592 Mil.
Total Assets was ¥8,292 Mil.
Property, Plant and Equipment(Net PPE) was ¥677 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥174 Mil.
Total Current Liabilities was ¥3,368 Mil.
Long-Term Debt & Capital Lease Obligation was ¥240 Mil.
Net Income was -148.824 + -117.071 + 68.369 + 57.325 = ¥-140 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ¥0 Mil.
Cash Flow from Operations was -277.464 + 457.481 + 87.836 + -95.886 = ¥172 Mil.
Total Receivables was ¥3,244 Mil.
Revenue was 504.335 + 1250.277 + 902.518 + 686.031 = ¥3,343 Mil.
Gross Profit was 247.739 + 662.053 + 422.879 + 329.216 = ¥1,662 Mil.
Total Current Assets was ¥5,641 Mil.
Total Assets was ¥8,099 Mil.
Property, Plant and Equipment(Net PPE) was ¥447 Mil.
Depreciation, Depletion and Amortization(DDA) was ¥0 Mil.
Selling, General, & Admin. Expense(SGA) was ¥180 Mil.
Total Current Liabilities was ¥3,313 Mil.
Long-Term Debt & Capital Lease Obligation was ¥95 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)
=(2546.079 / 2375.089) / (3243.976 / 3343.161)
=1.071993 / 0.970332
=1.1048

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)
=(1661.887 / 3343.161) / (1056.445 / 2375.089)
=0.4971 / 0.444802
=1.1176

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 - (5592.486 + 676.989) / 8291.766) / (1 - (5640.667 + 446.694) / 8099.219)
=0.243891 / 0.248401
=0.9818

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
=2375.089 / 3343.161
=0.7104

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 + 446.694)) / (0 / (0 + 676.989))
=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)
=(173.783 / 2375.089) / (180.06 / 3343.161)
=0.073169 / 0.053859
=1.3585

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)
=((239.815 + 3367.697) / 8291.766) / ((95.175 + 3313.047) / 8099.219)
=0.435072 / 0.420809
=1.0339

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
=(-140.201 - 0 - 171.967) / 8291.766
=-0.037648

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.

Geovis Technology Co has a M-score of -2.84 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 -2.84 mean?
Geovis Technology Co (SHSE:688568) has a Beneish M-Score of -2.84 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Geovis Technology Co and its competitors. According to the industry distribution chart, Geovis Technology Co ranks #791 out of 2630 companies in the Software industry, placing it in the top 30.1%.
Is Geovis Technology Co's Beneish M-Score too high?
Geovis Technology Co's current Beneish M-Score is -2.84. Based on the distribution chart, Geovis Technology Co ranks #791 out of 2630 companies in the Software industry, which is above the industry midpoint. Overall, Geovis Technology Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Geovis Technology Co's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Geovis Technology Co ranks #791 out of 2630 companies for Beneish M-Score. This puts Geovis Technology 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 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 Geovis Technology Co and its competitors. Geovis Technology Co's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Geovis Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Geovis Technology Co (SHSE:688568) is currently considered Fairly Valued. The stock's GF Value™ is ¥32.38, compared to a current price of ¥34.58 — trading 6.8% above its estimated fair value. The current Beneish M-Score is -2.84. Geovis Technology Co's overall GF Score™ is 87/100 with 12 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 Geovis Technology Co (SHSE:688568), the current Beneish M-Score is -2.84 as of Jul. 21, 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 Geovis Technology Co (SHSE:688568) Overvalued in 2026?

Based on GuruFocus' analysis, Geovis Technology Co stock appears to be overvalued. The current stock price of ¥34.58 is trading 6.8% above its estimated GF Value™ of ¥32.38. GuruFocus considers Geovis Technology Co to be Fairly Valued.

Key valuation signals for SHSE:688568:

  • Beneish M-Score: -2.84
  • GF Value™: ¥32.38 vs. price of ¥34.58 (6.8% above fair value)
  • GF Score™: 87/100 with 12 warning signs

No single metric tells the full story. See the SHSE:688568 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Geovis Technology Co Business Description

Address No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399
Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.
87GF Score

Get the complete analysis for SHSE:688568

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

¥34.58
Price
¥32.38
GF Value