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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 -2.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Bizlink Holding's Beneish M-Score or its related term are showing as below:
TPE:3665'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.17 Med: -2.25 Max: -0.62
Current: -2.13
During the past 13 years, the highest Beneish M-Score of Bizlink Holding was -0.62. The lowest was -3.17. And the median was -2.25.
The historical data trend for Bizlink Holding'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 Electrical Equipment & Parts subindustry, Bizlink Holding'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.
Bizlink Holding Beneish M-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bizlink Holding's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Bizlink Holding'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 Bizlink Holding 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 * 1.0746
+
0.528 * 0.9362
+
0.404 * 0.8766
+
0.892 * 1.3153
+
0.115 * 0.9854
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8757
+
4.679 * 0.020191
-
0.327 * 1.0948
=
-2.13
* 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))
=
(2299.87 / (2299.87 + 17209.478))
/
(2675.667 / (2675.667 + 19689.852))
=
0.117886
/
0.119634
=
0.9854
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
=
(9667.093 - 0
-
7938.768)
/
85600.663
=
0.020191
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.
Bizlink Holding has a M-score of -2.13 suggests that the company is unlikely to be a manipulator.
Bizlink Holding (TPE:3665) has a Beneish M-Score of -2.13 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bizlink Holding and its competitors. According to the industry distribution chart, Bizlink Holding ranks #2095 out of 2904 companies in the Industrial Products industry, placing it in the top 72.1%.
Is Bizlink Holding's Beneish M-Score too high?
Bizlink Holding's current Beneish M-Score is -2.13. Based on the distribution chart, Bizlink Holding ranks #2095 out of 2904 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Bizlink Holding has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bizlink Holding's Beneish M-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Bizlink Holding ranks #2095 out of 2904 companies for Beneish M-Score. This places Bizlink Holding 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Bizlink Holding and its competitors. Bizlink Holding's current Beneish M-Score is -2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bizlink Holding stock overvalued right now?
Based on GuruFocus' analysis, Bizlink Holding (TPE:3665) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$693.43, compared to a current price of NT$2,200.00 — trading 217.3% above its estimated fair value. The current Beneish M-Score is -2.13. Bizlink Holding's overall GF Score™ is 86/100 with 1 warning sign 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 Bizlink Holding (TPE:3665), the current Beneish M-Score is -2.13 as of Aug. 09, 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 Bizlink Holding (TPE:3665) Overvalued in 2026?
Based on GuruFocus' analysis, Bizlink Holding stock appears to be overvalued.
The current stock price of NT$2,200.00 is trading 217.3% above its estimated GF Value™ of NT$693.43.
GuruFocus considers Bizlink Holding to be Significantly Overvalued.
Key valuation signals for TPE:3665:
Beneish M-Score: -2.13
GF Value™: NT$693.43 vs. price of NT$2,200.00 (217.3% above fair value)
No single metric tells the full story. See the TPE:3665 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bizlink Holding Inc is engaged in designing, manufacturing, and selling cable assemblies, connectors, power cords, fiber optical passive components, and computer-peripheral products. The operating segments of the company are the Computing and Transportation segment, Industrial Application segment, Home Appliance segment, and others. The company generates the majority of its revenue from the Computing and Transportation segment. Its geographical segments are the United States, China, Germany, Malaysia, Taiwan, Italy, and Others, of which it generates the majority of revenue from the United States.
86GF Score
Get the complete analysis for TPE:3665
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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