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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 -2.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for World Known MFG (Cayman)'s Beneish M-Score or its related term are showing as below:
TPE:4581'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.09 Med: -2.59 Max: 7.93
Current: -2.85
During the past 9 years, the highest Beneish M-Score of World Known MFG (Cayman) was 7.93. The lowest was -3.09. And the median was -2.59.
* 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 Auto Parts subindustry, World Known MFG (Cayman)'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.
World Known MFG (Cayman) Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, World Known MFG (Cayman)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where World Known MFG (Cayman)'s Beneish M-Score falls into.
World Known MFG (Cayman) Beneish M-Score Calculation
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 World Known MFG (Cayman) 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 * 1.0462
+
0.528 * 1.0254
+
0.404 * 0.2657
+
0.892 * 0.998
+
0.115 * 1.564
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9664
+
4.679 * -0.019273
-
0.327 * 1.3391
=
-2.85
* 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))
=
(56.337 / (56.337 + 605.718))
/
(51.445 / (51.445 + 894.098))
=
0.085094
/
0.054408
=
1.564
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
=
(141.861 - 0
-
191.175)
/
2558.647
=
-0.019273
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.
World Known MFG (Cayman) has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
World Known MFG (Cayman) (TPE:4581) has a Beneish M-Score of -2.85 as of Aug. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on World Known MFG (Cayman) and its competitors. According to the industry distribution chart, World Known MFG (Cayman) ranks #291 out of 1281 companies in the Vehicles & Parts industry, placing it in the top 22.7%.
Is World Known MFG (Cayman)'s Beneish M-Score too high?
World Known MFG (Cayman)'s current Beneish M-Score is -2.85. Based on the distribution chart, World Known MFG (Cayman) ranks #291 out of 1281 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, World Known MFG (Cayman) has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does World Known MFG (Cayman)'s Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, World Known MFG (Cayman) ranks #291 out of 1281 companies for Beneish M-Score. This places World Known MFG (Cayman) in the top 23% 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 World Known MFG (Cayman) and its competitors. World Known MFG (Cayman)'s current Beneish M-Score is -2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World Known MFG (Cayman) stock overvalued right now?
Based on GuruFocus' analysis, World Known MFG (Cayman) (TPE:4581) is currently considered Fairly Valued. The stock's GF Value™ is NT$48.81, compared to a current price of NT$48.25 — trading 1.1% below its estimated fair value. The current Beneish M-Score is -2.85. World Known MFG (Cayman)'s overall GF Score™ is 86/100 with 5 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 World Known MFG (Cayman) (TPE:4581), the current Beneish M-Score is -2.85 as of Aug. 23, 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 World Known MFG (Cayman) (TPE:4581) Overvalued in 2026?
Based on GuruFocus' analysis, World Known MFG (Cayman) stock appears to be undervalued.
The current stock price of NT$48.25 is trading 1.1% below its estimated GF Value™ of NT$48.81.
GuruFocus considers World Known MFG (Cayman) to be Fairly Valued.
Key valuation signals for TPE:4581:
Beneish M-Score: -2.85
GF Value™: NT$48.81 vs. price of NT$48.25 (1.1% below fair value)
No single metric tells the full story. See the TPE:4581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
World Known MFG (Cayman) Ltd is involved in the manufacturing and selling the energy-saving and carbon-reducing parts of commercial vehicle engines, ADB calipers, rear panels of brake pads, bend pipes and accessories of turbocharger, cases of flywheels, cases of swing arms, exhaust manifolds, braces, core shafts, parts for braking system of wind power generator and processed products of machinery parts for various industries. The majority of the revenue is generated from the sale of Automotive parts. The company's geographical segments include America, Asia, and other countries. The company's segment consists of the precision casting processing department, offering products and managing related technologies and marketing strategies.
86GF Score
Get the complete analysis for TPE:4581
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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