Tung Ho Textile CoTPE:1414 64 Beneish M-Score is -2.90 as of Jul. 12, 2026. GuruFocus rates TPE:1414 with a GF Score™ of 64/100 and a GF Value™ of NT$18.59 (Fairly Valued). The stock has 7 warning signs investors should review. Among 997 Manufacturing - Apparel & Accessories companies, Tung Ho Textile Co ranks better than 76.53% 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 -2.9 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Tung Ho Textile Co's Beneish M-Score or its related term are showing as below:
TPE:1414'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.06 Med: -2.71 Max: -0.92
Current: -2.9
During the past 13 years, the highest Beneish M-Score of Tung Ho Textile Co was -0.92. The lowest was -3.06. And the median was -2.71.
Tung Ho Textile Co Beneish M-Score Related Terms
Tung Ho Textile Co Beneish M-Score Historical Data
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The historical data trend for Tung Ho Textile 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.
Tung Ho Textile Co Beneish M-Score Competitor Comparison
For the Textile Manufacturing subindustry, Tung Ho Textile 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.
Tung Ho Textile Co Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tung Ho Textile Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Tung Ho Textile 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 Tung Ho Textile 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 * 0.9116
+
0.528 * 0.9737
+
0.404 * 1.046
+
0.892 * 0.8934
+
0.115 * 1.0327
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0694
+
4.679 * -0.036136
-
0.327 * 1.2304
=
-2.90
* 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))
=
(45.825 / (45.825 + 1472.904))
/
(43.168 / (43.168 + 1434.346))
=
0.030173
/
0.029217
=
1.0327
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
=
(42.196 - 0
-
193.737)
/
4193.641
=
-0.036136
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.
Tung Ho Textile Co has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
Tung Ho Textile Co (TPE:1414) has a Beneish M-Score of -2.90 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tung Ho Textile Co and its competitors. According to the industry distribution chart, Tung Ho Textile Co ranks #234 out of 997 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 23.5%.
Is Tung Ho Textile Co's Beneish M-Score too high?
Tung Ho Textile Co's current Beneish M-Score is -2.90. Based on the distribution chart, Tung Ho Textile Co ranks #234 out of 997 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Tung Ho Textile Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tung Ho Textile Co's Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Tung Ho Textile Co ranks #234 out of 997 companies for Beneish M-Score. This places Tung Ho Textile Co in the top 24% 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Tung Ho Textile Co and its competitors. Tung Ho Textile Co's current Beneish M-Score is -2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tung Ho Textile Co stock overvalued right now?
Based on GuruFocus' analysis, Tung Ho Textile Co (TPE:1414) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.59, compared to a current price of NT$19.40 — trading 4.4% above its estimated fair value. The current Beneish M-Score is -2.90. Tung Ho Textile Co's overall GF Score™ is 64/100 with 7 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 Tung Ho Textile Co (TPE:1414), the current Beneish M-Score is -2.90 as of Jul. 12, 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 Tung Ho Textile Co (TPE:1414) Overvalued in 2026?
Based on GuruFocus' analysis, Tung Ho Textile Co stock appears to be overvalued.
The current stock price of NT$19.40 is trading 4.4% above its estimated GF Value™ of NT$18.59.
GuruFocus considers Tung Ho Textile Co to be Fairly Valued.
Key valuation signals for TPE:1414:
Beneish M-Score: -2.90
GF Value™: NT$18.59 vs. price of NT$19.40 (4.4% above fair value)
No single metric tells the full story. See the TPE:1414 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tung Ho Textile Co Ltd is a Taiwan-based company that engages in the manufacturing and development of textile materials. Its product portfolio includes pure cotton, blended yarn, slub yarn, bamboo charcoal yarn, fine wool, hollow charcoal fiber yarn, recycled polyester yarn, organic cotton yarn, and others. The company's operating segment includes Spinning and Headquarters. It generates maximum revenue from the Spinning segment which is engaged in the manufacture and sale of various spinning products. Geographically, the company generates a majority of its revenue from Taiwan and the rest from Mainland China, Japan, and other regions.
64GF Score
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