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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 -2.08 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hangzhou CNCR-IT Co's Beneish M-Score or its related term are showing as below:
SZSE:300250'
s Beneish M-Score Range Over the Past 10 Years
Min: -39.19 Med: -2.64 Max: -1.25
Current: -2.08
During the past 13 years, the highest Beneish M-Score of Hangzhou CNCR-IT Co was -1.25. The lowest was -39.19. And the median was -2.64.
Hangzhou CNCR-IT Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Hangzhou CNCR-IT 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.
SZSE:300250 vs CSCO, MSI, HPE: Beneish M-Score Comparison
For the Communication Equipment subindustry, Hangzhou CNCR-IT 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.
Hangzhou CNCR-IT Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Hangzhou CNCR-IT Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hangzhou CNCR-IT 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 Hangzhou CNCR-IT 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 * 1.0123
+
0.528 * 1.1009
+
0.404 * 1.1947
+
0.892 * 1.0498
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.434
+
4.679 * 0.026639
-
0.327 * 1.0209
=
-2.08
* 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 + 52.003))
/
(0 / (0 + 46.751))
=
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
=
(38.397 - 0
-
18.285)
/
754.989
=
0.026639
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.
Hangzhou CNCR-IT Co has a M-score of -2.08 suggests that the company is unlikely to be a manipulator.
Hangzhou CNCR-IT Co (SZSE:300250) has a Beneish M-Score of -2.08 as of Aug. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hangzhou CNCR-IT Co and its competitors. According to the industry distribution chart, Hangzhou CNCR-IT Co ranks #1793 out of 2400 companies in the Hardware industry, placing it in the top 74.7%.
Is Hangzhou CNCR-IT Co's Beneish M-Score too high?
Hangzhou CNCR-IT Co's current Beneish M-Score is -2.08. Based on the distribution chart, Hangzhou CNCR-IT Co ranks #1793 out of 2400 companies in the Hardware industry, which is below the industry midpoint. Overall, Hangzhou CNCR-IT Co has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou CNCR-IT Co's Beneish M-Score compare to CSCO and MSI?
According to the Hardware industry distribution chart, Hangzhou CNCR-IT Co ranks #1793 out of 2400 companies for Beneish M-Score. This places Hangzhou CNCR-IT 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Hangzhou CNCR-IT Co and its competitors. Hangzhou CNCR-IT Co's current Beneish M-Score is -2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou CNCR-IT Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou CNCR-IT Co (SZSE:300250) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥12.23, compared to a current price of ¥15.75 — trading 28.8% above its estimated fair value. The current Beneish M-Score is -2.08. Hangzhou CNCR-IT Co's overall GF Score™ is 59/100 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 Hangzhou CNCR-IT Co (SZSE:300250), the current Beneish M-Score is -2.08 as of Aug. 15, 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 Hangzhou CNCR-IT Co (SZSE:300250) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou CNCR-IT Co stock appears to be overvalued.
The current stock price of ¥15.75 is trading 28.8% above its estimated GF Value™ of ¥12.23.
GuruFocus considers Hangzhou CNCR-IT Co to be Modestly Overvalued.
Key valuation signals for SZSE:300250:
Beneish M-Score: -2.08
GF Value™: ¥12.23 vs. price of ¥15.75 (28.8% above fair value)
No single metric tells the full story. See the SZSE:300250 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangzhou CNCR-IT Co Ltd is a Chinese company primarily engaged in the research and development of information access solutions, as well as the research, development, production, and sale of corresponding equipment. Its products are divided into four categories, being Triple Play Access Production, RF Microwave Passive Components, IoT Access Production, and Multi-service Access Enterprise Gateway. The company sells its products in China and other international countries. The product portfolio of the company includes EOC master series, attenuator, combiner, GPON, EPON, IPRAN terminal device, power splitter, hybrid coupler, and others.
59GF Score
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