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.
Good Sign:
Beneish M-Score -2.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Asmedia Technology's Beneish M-Score or its related term are showing as below:
TPE:5269'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.32 Med: -2.03 Max: 1.91
Current: -2.19
During the past 13 years, the highest Beneish M-Score of Asmedia Technology was 1.91. The lowest was -3.32. And the median was -2.03.
Asmedia Technology Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Asmedia Technology'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:5269 vs NVDA, AVGO, MU: Beneish M-Score Comparison
For the Semiconductors subindustry, Asmedia Technology'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.
Asmedia Technology Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Asmedia Technology's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Asmedia Technology'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 Asmedia Technology 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 * 0.4798
+
0.528 * 1.0375
+
0.404 * 1.3852
+
0.892 * 1.6667
+
0.115 * 0.9641
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8169
+
4.679 * 0.014095
-
0.327 * 1.2772
=
-2.19
* 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))
=
(424.236 / (424.236 + 424.326))
/
(604.113 / (604.113 + 560.829))
=
0.499947
/
0.518578
=
0.9641
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
=
(6057.054 - 0
-
5472.107)
/
41500.017
=
0.014095
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.
Asmedia Technology has a M-score of -2.19 suggests that the company is unlikely to be a manipulator.
Asmedia Technology (TPE:5269) has a Beneish M-Score of -2.19 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Asmedia Technology and its competitors. According to the industry distribution chart, Asmedia Technology ranks #622 out of 982 companies in the Semiconductors industry, placing it in the top 63.3%.
Is Asmedia Technology's Beneish M-Score too high?
Asmedia Technology's current Beneish M-Score is -2.19. Based on the distribution chart, Asmedia Technology ranks #622 out of 982 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Asmedia Technology has a GF Score™ of 89/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asmedia Technology's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Asmedia Technology ranks #622 out of 982 companies for Beneish M-Score. This places Asmedia Technology 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Asmedia Technology and its competitors. Asmedia Technology's current Beneish M-Score is -2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asmedia Technology stock overvalued right now?
Based on GuruFocus' analysis, Asmedia Technology (TPE:5269) is currently considered Possible Value Trap. The stock's GF Value™ is NT$2,869.98, compared to a current price of NT$1,380.00 — trading 51.9% below its estimated fair value. The current Beneish M-Score is -2.19. Asmedia Technology's overall GF Score™ is 89/100 with 4 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 Asmedia Technology (TPE:5269), the current Beneish M-Score is -2.19 as of Aug. 17, 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 Asmedia Technology (TPE:5269) Overvalued in 2026?
Based on GuruFocus' analysis, Asmedia Technology stock appears to be undervalued.
The current stock price of NT$1,380.00 is trading 51.9% below its estimated GF Value™ of NT$2,869.98.
GuruFocus considers Asmedia Technology to be Possible Value Trap.
Key valuation signals for TPE:5269:
Beneish M-Score: -2.19
GF Value™: NT$2,869.98 vs. price of NT$1,380.00 (51.9% below fair value)
No single metric tells the full story. See the TPE:5269 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asmedia Technology Inc is a semiconductor memory company. It is engaged in the design, development, production, and manufacture of high-speed analogue circuit products. Some of its products include USB Controller, PCIe Bridge Controller, SATA Controller, High-Speed Signal Switch, and ASIC. Its geographical segments include the Americas, Taiwan, China, Southeast Asia, North-east Asia, and Others, out of which the majority is from the Americas. The majority of its revenue is derived from High-speed interface controller.
89GF Score
Get the complete analysis for TPE:5269
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:5269 has been successfully added to your 
