Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 Lai Sun Garment (International)'s Beneish M-Score or its related term are showing as below:
STU:LAI3'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.84 Med: -2.28 Max: 1
Current: -2.84
During the past 13 years, the highest Beneish M-Score of Lai Sun Garment (International) was 1.00. The lowest was -2.84. And the median was -2.28.
* 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.
Lai Sun Garment (International) Beneish M-Score Chart
For the Conglomerates subindustry, Lai Sun Garment (International)'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.
Lai Sun Garment (International) Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Lai Sun Garment (International)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lai Sun Garment (International)'s Beneish M-Score falls into.
Lai Sun Garment (International) 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 Lai Sun Garment (International) 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 * 0.7968
+
0.528 * 1.2333
+
0.404 * 1.0067
+
0.892 * 0.7578
+
0.115 * 1.2604
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0775
+
4.679 * -0.029366
-
0.327 * 1.0428
=
-2.89
* 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))
=
(95.276 / (95.276 + 1114.705))
/
(65.102 / (65.102 + 976.984))
=
0.078742
/
0.062473
=
1.2604
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
=
(-182.937 - 0
-
31.956)
/
7317.804
=
-0.029366
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.
Lai Sun Garment (International) has a M-score of -2.89 suggests that the company is unlikely to be a manipulator.
Lai Sun Garment (International) (STU:LAI3) has a Beneish M-Score of -2.84 as of Aug. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lai Sun Garment (International) and its competitors. According to the industry distribution chart, Lai Sun Garment (International) ranks #97 out of 526 companies in the Conglomerates industry, placing it in the top 18.4%.
Is Lai Sun Garment (International)'s Beneish M-Score too high?
Lai Sun Garment (International)'s current Beneish M-Score is -2.84. Based on the distribution chart, Lai Sun Garment (International) ranks #97 out of 526 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Lai Sun Garment (International) has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Lai Sun Garment (International)'s Beneish M-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, Lai Sun Garment (International) ranks #97 out of 526 companies for Beneish M-Score. This places Lai Sun Garment (International) in the top 18% 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 Lai Sun Garment (International) and its competitors. Lai Sun Garment (International)'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 Lai Sun Garment (International) stock overvalued right now?
Lai Sun Garment (International) (STU:LAI3) has a current Beneish M-Score of -2.84. The stock's GF Value™ is €0.11, compared to a current price of €0.10 — trading 9.1% below its estimated fair value. The current Beneish M-Score is -2.84. Lai Sun Garment (International)'s overall GF Score™ is 32/100 with 4 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 Lai Sun Garment (International) (STU:LAI3), the current Beneish M-Score is -2.84 as of Aug. 14, 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 Lai Sun Garment (International) (STU:LAI3) Overvalued in 2026?
Based on GuruFocus' analysis, Lai Sun Garment (International) stock appears to be undervalued.
The current stock price of €0.10 is trading 9.1% below its estimated GF Value™ of €0.11.
Key valuation signals for STU:LAI3:
Beneish M-Score: -2.84
GF Value™: €0.11 vs. price of €0.10 (9.1% below fair value)
No single metric tells the full story. See the STU:LAI3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lai Sun Garment (International) Ltd is a real estate company. The company's principal activities include property development and investment in Hong Kong, Mainland China, and overseas as well as investment in and operation of hotels and restaurants and investment holding. The company operates through nine segments namely, Property development and sales; Property investment; Hotel operation; Restaurant and F&B product sales operations; Media and entertainment; Film and TV program segment; Cinema operation; Theme park operation, and Others. It generates the majority of its revenue from the Property development and sales segment. Geographically, the company derives maximum revenue from Hong Kong and the rest from Chinese Mainland and Macau, the United Kindom, Vietnam, and other regions.
32GF Score
Get the complete analysis for STU:LAI3
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:LAI3 has been successfully added to your 
