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.
Warning Sign:
Beneish M-Score -1.39 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Action Electronics Co's Beneish M-Score or its related term are showing as below:
TPE:3024'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.27 Med: -2.5 Max: -1.03
Current: -1.39
During the past 13 years, the highest Beneish M-Score of Action Electronics Co was -1.03. The lowest was -3.27. And the median was -2.50.
Action Electronics Co Beneish M-Score Related Terms
Action Electronics Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Action Electronics 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.
For the Consumer Electronics subindustry, Action Electronics 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.
Action Electronics Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Action Electronics Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Action Electronics 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 Action Electronics 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 * 2.2115
+
0.528 * 0.9276
+
0.404 * 1.0453
+
0.892 * 0.4836
+
0.115 * 1.1873
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.576
+
4.679 * 0.125473
-
0.327 * 1.165
=
-1.39
* 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))
=
(73.185 / (73.185 + 219.091))
/
(63.465 / (63.465 + 237.47))
=
0.250397
/
0.210893
=
1.1873
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
=
(25.81 - 0
-
-589.56)
/
4904.392
=
0.125473
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.
Action Electronics Co has a M-score of -1.39 signals that the company is likely to be a manipulator.
Action Electronics Co (TPE:3024) has a Beneish M-Score of -1.39 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Action Electronics Co and its competitors. According to the industry distribution chart, Action Electronics Co ranks #2157 out of 2401 companies in the Hardware industry, placing it in the top 89.8%.
Is Action Electronics Co's Beneish M-Score too high?
Action Electronics Co's current Beneish M-Score is -1.39. Based on the distribution chart, Action Electronics Co ranks #2157 out of 2401 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Action Electronics Co has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Action Electronics Co's Beneish M-Score compare to AAPL?
According to the Hardware industry distribution chart, Action Electronics Co ranks #2157 out of 2401 companies for Beneish M-Score. This places Action Electronics 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 Action Electronics Co and its competitors. Action Electronics Co's current Beneish M-Score is -1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Action Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Action Electronics Co (TPE:3024) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$13.78, compared to a current price of NT$12.10 — trading 12.2% below its estimated fair value. The current Beneish M-Score is -1.39. Action Electronics Co's overall GF Score™ is 84/100 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 Action Electronics Co (TPE:3024), the current Beneish M-Score is -1.39 as of Aug. 02, 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 Action Electronics Co (TPE:3024) Overvalued in 2026?
Based on GuruFocus' analysis, Action Electronics Co stock appears to be undervalued.
The current stock price of NT$12.10 is trading 12.2% below its estimated GF Value™ of NT$13.78.
GuruFocus considers Action Electronics Co to be Modestly Undervalued.
Key valuation signals for TPE:3024:
Beneish M-Score: -1.39
GF Value™: NT$13.78 vs. price of NT$12.10 (12.2% below fair value)
No single metric tells the full story. See the TPE:3024 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Action Electronics Co Ltd is engaged in the trade of audio-visual electronic products, various home appliances, and other related products, housing and building development and rental, etc. The company's products include portable multimedia players, LCD digital TVs, mobile entertainment devices, mobile internet devices, and solar applications. Its operating segments include ACTION ASIA LTD. group (AAL), ALMOND GARDEN CORP. group (AGC) , and Taiwan segment. The company generates a majority of its revenue from the Taiwan segment. Geographically, the company derives maximum revenue from Taiwan, Mainland China, the United States, and other regions.
84GF Score
Get the complete analysis for TPE:3024
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
TPE:3024 has been successfully added to your 
