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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 -6.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Logah Technology Co's Beneish M-Score or its related term are showing as below:
TPE:3593'
s Beneish M-Score Range Over the Past 10 Years
Min: -6.48 Med: -3.03 Max: -1.2
Current: -6.48
During the past 13 years, the highest Beneish M-Score of Logah Technology Co was -1.20. The lowest was -6.48. And the median was -3.03.
Logah Technology Co Beneish M-Score Related Terms
Logah Technology Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Logah Technology 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 Electronic Components subindustry, Logah Technology 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.
Logah Technology Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Logah Technology Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Logah Technology 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 Logah Technology 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 * 0.9016
+
0.528 * -5.68
+
0.404 * 0.0707
+
0.892 * 1.2506
+
0.115 * 0.8823
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7933
+
4.679 * -0.056711
-
0.327 * 0.9488
=
-6.48
* 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))
=
(105.642 / (105.642 + 755.261))
/
(79.912 / (79.912 + 494.651))
=
0.122711
/
0.139083
=
0.8823
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
=
(-77.881 - 0
-
-2.28)
/
1333.096
=
-0.056711
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.
Logah Technology Co has a M-score of -6.48 suggests that the company is unlikely to be a manipulator.
Logah Technology Co (TPE:3593) has a Beneish M-Score of -6.48 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Logah Technology Co and its competitors. According to the industry distribution chart, Logah Technology Co ranks #28 out of 2405 companies in the Hardware industry, placing it in the top 1.2%.
Is Logah Technology Co's Beneish M-Score too high?
Logah Technology Co's current Beneish M-Score is -6.48. Based on the distribution chart, Logah Technology Co ranks #28 out of 2405 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Logah Technology Co has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Logah Technology Co's Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Logah Technology Co ranks #28 out of 2405 companies for Beneish M-Score. This places Logah Technology Co in the top 1% 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 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 Logah Technology Co and its competitors. Logah Technology Co's current Beneish M-Score is -6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Logah Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Logah Technology Co (TPE:3593) is currently considered Possible Value Trap. The stock's GF Value™ is NT$23.41, compared to a current price of NT$14.70 — trading 37.2% below its estimated fair value. The current Beneish M-Score is -6.48. Logah Technology Co's overall GF Score™ is 62/100 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 Logah Technology Co (TPE:3593), the current Beneish M-Score is -6.48 as of Jul. 21, 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 Logah Technology Co (TPE:3593) Overvalued in 2026?
Based on GuruFocus' analysis, Logah Technology Co stock appears to be undervalued.
The current stock price of NT$14.70 is trading 37.2% below its estimated GF Value™ of NT$23.41.
GuruFocus considers Logah Technology Co to be Possible Value Trap.
Key valuation signals for TPE:3593:
Beneish M-Score: -6.48
GF Value™: NT$23.41 vs. price of NT$14.70 (37.2% below fair value)
No single metric tells the full story. See the TPE:3593 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Logah Technology Co Ltd develops, manufactures, designs, and sales of of professional precision molds, precision plastic parts molding, spraying, printing, hot stamping, hot melt, Automatic pin punching machine, electroplating and assembly. Two-color, nitrogen, in-mold molding, RHCM extremely cold and extremely hot high-gloss molding. The company product category includes Plastic mechanical parts, Mold and others generating key revenue from Plastic mechanical parts. Geographically, the company operates in single segment that is Asian markets.
62GF Score
Get the complete analysis for TPE:3593
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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