Lotes CoTPE:3533 -0.45%67 Beneish M-Score is -2.36 as of Jun. 26, 2026. GuruFocus rates TPE:3533 with a GF Score™ of 67/100. Among 2,403 Hardware companies, Lotes Co ranks worse than 58.59% 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 -2.36 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Lotes Co's Beneish M-Score or its related term are showing as below:
TPE:3533'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.75 Med: -2.35 Max: 18.41
Current: -2.36
During the past 13 years, the highest Beneish M-Score of Lotes Co was 18.41. The lowest was -2.75. And the median was -2.35.
Lotes Co Beneish M-Score Related Terms
Lotes Co Beneish M-Score Historical Data
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The historical data trend for Lotes 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:3533 vs APH, GLW, TEL: Beneish M-Score Comparison
For the Electronic Components subindustry, Lotes 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.
Lotes Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Lotes Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lotes 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 Lotes 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 * 0.9947
+
0.528 * 1.0215
+
0.404 * 1.047
+
0.892 * 1.1228
+
0.115 * 1.0518
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1119
+
4.679 * -0.013124
-
0.327 * 0.8091
=
-2.36
* 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))
=
(2278.988 / (2278.988 + 12218.977))
/
(2610.114 / (2610.114 + 14853.574))
=
0.157194
/
0.149459
=
1.0518
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
=
(7865.999 - 0
-
8527.872)
/
50433.251
=
-0.013124
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.
Lotes Co has a M-score of -2.36 suggests that the company is unlikely to be a manipulator.
Lotes Co (TPE:3533) has a Beneish M-Score of -2.36 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lotes Co and its competitors. According to the industry distribution chart, Lotes Co ranks #1408 out of 2403 companies in the Hardware industry, placing it in the top 58.6%.
Is Lotes Co's Beneish M-Score too high?
Lotes Co's current Beneish M-Score is -2.36. Based on the distribution chart, Lotes Co ranks #1408 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Lotes Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Lotes Co's Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Lotes Co ranks #1408 out of 2403 companies for Beneish M-Score. This places Lotes 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 Lotes Co and its competitors. Lotes Co's current Beneish M-Score is -2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lotes Co stock overvalued right now?
Lotes Co (TPE:3533) has a current Beneish M-Score of -2.36. The current Beneish M-Score is -2.36. Lotes Co's overall GF Score™ is 67/100. 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 Lotes Co (TPE:3533), the current Beneish M-Score is -2.36 as of Jun. 26, 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.
Lotes Co Ltd is principally engaged in the sale and purchase of various hardware parts and components, the manufacturing and processing of various terminals and their connectors, the import and export business in connection with the preceding item and the agency of the preceding item in connection with the tender quotation and distribution of products of domestic and foreign manufacturers. The company's product offerings include Socket, Liquid Cooling Solution, Memory Connector, Slot / Edge Card, Compression Connector, etc. Geographically, the majority of revenue is derived from Mainland China, followed by Taiwan and Other countries.
67GF Score
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