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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.
Warning Sign:
Beneish M-Score -1.67 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Unitech Computer Co's Beneish M-Score or its related term are showing as below:
TPE:2414'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.5 Med: -2.39 Max: -1.53
Current: -1.67
During the past 13 years, the highest Beneish M-Score of Unitech Computer Co was -1.53. The lowest was -3.50. And the median was -2.39.
Unitech Computer Co Beneish M-Score Historical Data
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The historical data trend for Unitech Computer 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.
TPE:2414 vs DELL, ANET, SNDK: Beneish M-Score Comparison
For the Computer Hardware subindustry, Unitech Computer 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.
Unitech Computer Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Unitech Computer Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Unitech Computer 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 Unitech Computer 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 * 1.0469
+
0.528 * 1.0617
+
0.404 * 1.0247
+
0.892 * 1.2045
+
0.115 * 0.9745
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8909
+
4.679 * 0.124694
-
0.327 * 1.1858
=
-1.67
* 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))
=
(110.932 / (110.932 + 1447.135))
/
(111.141 / (111.141 + 1410.016))
=
0.071198
/
0.073063
=
0.9745
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
=
(570.312 - 0
-
-968.109)
/
12337.526
=
0.124694
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.
Unitech Computer Co has a M-score of -1.67 signals that the company is likely to be a manipulator.
Unitech Computer Co (TPE:2414) has a Beneish M-Score of -1.67 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Unitech Computer Co and its competitors. According to the industry distribution chart, Unitech Computer Co ranks #2061 out of 2401 companies in the Hardware industry, placing it in the top 85.8%.
Is Unitech Computer Co's Beneish M-Score too high?
Unitech Computer Co's current Beneish M-Score is -1.67. Based on the distribution chart, Unitech Computer Co ranks #2061 out of 2401 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Unitech Computer Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Unitech Computer Co's Beneish M-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Unitech Computer Co ranks #2061 out of 2401 companies for Beneish M-Score. This places Unitech Computer 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 Unitech Computer Co and its competitors. Unitech Computer Co's current Beneish M-Score is -1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unitech Computer Co stock overvalued right now?
Based on GuruFocus' analysis, Unitech Computer Co (TPE:2414) is currently considered Fairly Valued. The stock's GF Value™ is NT$47.88, compared to a current price of NT$51.90 — trading 8.4% above its estimated fair value. The current Beneish M-Score is -1.67. Unitech Computer Co's overall GF Score™ is 76/100 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 Unitech Computer Co (TPE:2414), the current Beneish M-Score is -1.67 as of Aug. 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 Unitech Computer Co (TPE:2414) Overvalued in 2026?
Based on GuruFocus' analysis, Unitech Computer Co stock appears to be overvalued.
The current stock price of NT$51.90 is trading 8.4% above its estimated GF Value™ of NT$47.88.
GuruFocus considers Unitech Computer Co to be Fairly Valued.
Key valuation signals for TPE:2414:
Beneish M-Score: -1.67
GF Value™: NT$47.88 vs. price of NT$51.90 (8.4% above fair value)
No single metric tells the full story. See the TPE:2414 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unitech Computer Co Ltd is mainly engaged in the design, manufacture, trade, import, and export of computers and computer peripheral equipment products, as well as automatic identification systems. The Group's product portfolio comprises monitors, toners, storage consumables, smart tablets, printers, keyboards, routers, projectors, laptops, etc. Its reportable business segments are: Channel business operation, which generates maximum revenue, and Automatic Identification Data Collection Product Operation. Geographically, the Group generates maximum revenue from its business in Asia, and the rest from America, Europe, and Oceania.
76GF Score
Get the complete analysis for TPE:2414
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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