Prime Electronics &tellitics (TPE:6152) Beneish M-Score: -2.63 (As of Aug. 10, 2026)

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TPE:6152 Prime Electronics & Satellitics Inc TPE:6152
55 GF Score
Price NT$13.05
GF Value NT$7.28
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Prime Electronics &tellitics Beneish M-Score?

Prime Electronics &tellitics TPE:6152 +9.66% 55 Beneish M-Score is -2.63 as of Aug. 10, 2026. GuruFocus rates TPE:6152 with a GF Score™ of 55/100 and a GF Value™ of NT$7.28 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,400 Hardware companies, Prime Electronics &tellitics ranks better than 64.08% 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 -2.63 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Prime Electronics &tellitics's Beneish M-Score or its related term are showing as below:

TPE:6152' s Beneish M-Score Range Over the Past 10 Years
Min: -4.17   Med: -2.57   Max: -1.35
Current: -2.63

During the past 13 years, the highest Beneish M-Score of Prime Electronics &tellitics was -1.35. The lowest was -4.17. And the median was -2.57.


Prime Electronics &tellitics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Prime Electronics &tellitics'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.

Prime Electronics &tellitics Beneish M-Score Chart

Prime Electronics &tellitics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.24 -2.50 -4.17 -2.49 -2.09

Prime Electronics &tellitics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.88 -3.66 -3.62 -2.09 -2.63

TPE:6152 vs CSCO, MSI, HPE: Beneish M-Score Comparison

For the Communication Equipment subindustry, Prime Electronics &tellitics'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.


Prime Electronics &tellitics Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Prime Electronics &tellitics's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Prime Electronics &tellitics's Beneish M-Score falls into.


TPE:6152
55GF Score
Prime Electronics & Satellitics Inc TPE:6152
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Prime Electronics &tellitics 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 Prime Electronics &tellitics 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 * 0.8934+0.528 * 1.2438+0.404 * 0.9397+0.892 * 0.6639+0.115 * 1.0211
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4661+4.679 * 0.066565-0.327 * 1.2764
=-2.63

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was NT$292 Mil.
Revenue was 331.599 + 457.768 + 368.294 + 366.456 = NT$1,524 Mil.
Gross Profit was 67.905 + 49.65 + 46.588 + 50.752 = NT$215 Mil.
Total Current Assets was NT$2,369 Mil.
Total Assets was NT$2,992 Mil.
Property, Plant and Equipment(Net PPE) was NT$432 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$79 Mil.
Selling, General, & Admin. Expense(SGA) was NT$317 Mil.
Total Current Liabilities was NT$1,662 Mil.
Long-Term Debt & Capital Lease Obligation was NT$60 Mil.
Net Income was -37.057 + -42.447 + -31.87 + -147.165 = NT$-259 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was -122.486 + -304.128 + -38.84 + 7.756 = NT$-458 Mil.
Total Receivables was NT$493 Mil.
Revenue was 378.879 + 442.068 + 613.532 + 861.389 = NT$2,296 Mil.
Gross Profit was 60.426 + 61.006 + 111.394 + 169.793 = NT$403 Mil.
Total Current Assets was NT$2,144 Mil.
Total Assets was NT$2,805 Mil.
Property, Plant and Equipment(Net PPE) was NT$471 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$88 Mil.
Selling, General, & Admin. Expense(SGA) was NT$325 Mil.
Total Current Liabilities was NT$1,151 Mil.
Long-Term Debt & Capital Lease Obligation was NT$114 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(292.31 / 1524.117) / (492.855 / 2295.868)
=0.19179 / 0.21467
=0.8934

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(402.619 / 2295.868) / (214.895 / 1524.117)
=0.175367 / 0.140996
=1.2438

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (2369.207 + 431.876) / 2991.955) / (1 - (2143.541 + 470.968) / 2804.932)
=0.063795 / 0.067889
=0.9397

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=1524.117 / 2295.868
=0.6639

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
=(88.263 / (88.263 + 470.968)) / (78.955 / (78.955 + 431.876))
=0.157829 / 0.154562
=1.0211

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(316.715 / 1524.117) / (325.412 / 2295.868)
=0.207802 / 0.141738
=1.4661

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((59.61 + 1662.086) / 2991.955) / ((113.5 + 1151.076) / 2804.932)
=0.575442 / 0.45084
=1.2764

8. TATA = Total Accruals to Total Assets

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
=(-258.539 - 0 - -457.698) / 2991.955
=0.066565

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.

Prime Electronics &tellitics has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.63 mean?
Prime Electronics &tellitics (TPE:6152) has a Beneish M-Score of -2.63 as of Aug. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Prime Electronics &tellitics and its competitors. According to the industry distribution chart, Prime Electronics &tellitics ranks #862 out of 2400 companies in the Hardware industry, placing it in the top 35.9%.
Is Prime Electronics &tellitics' Beneish M-Score too high?
Prime Electronics &tellitics' current Beneish M-Score is -2.63. Based on the distribution chart, Prime Electronics &tellitics ranks #862 out of 2400 companies in the Hardware industry, which is above the industry midpoint. Overall, Prime Electronics &tellitics has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Prime Electronics &tellitics' Beneish M-Score compare to CSCO and MSI?
According to the Hardware industry distribution chart, Prime Electronics &tellitics ranks #862 out of 2400 companies for Beneish M-Score. This puts Prime Electronics &tellitics in the upper 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 Prime Electronics &tellitics and its competitors. Prime Electronics &tellitics's current Beneish M-Score is -2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Prime Electronics &tellitics stock overvalued right now?
Based on GuruFocus' analysis, Prime Electronics &tellitics (TPE:6152) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$7.28, compared to a current price of NT$13.05 — trading 79.3% above its estimated fair value. The current Beneish M-Score is -2.63. Prime Electronics &tellitics' overall GF Score™ is 55/100 with 8 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 Prime Electronics &tellitics (TPE:6152), the current Beneish M-Score is -2.63 as of Aug. 10, 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 Prime Electronics &tellitics (TPE:6152) Overvalued in 2026?

Based on GuruFocus' analysis, Prime Electronics &tellitics stock appears to be overvalued. The current stock price of NT$13.05 is trading 79.3% above its estimated GF Value™ of NT$7.28. GuruFocus considers Prime Electronics &tellitics to be Significantly Overvalued.

Key valuation signals for TPE:6152:

  • Beneish M-Score: -2.63
  • GF Value™: NT$7.28 vs. price of NT$13.05 (79.3% above fair value)
  • GF Score™: 55/100 with 8 warning signs

No single metric tells the full story. See the TPE:6152 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Prime Electronics &tellitics Business Description

Address No. 3, Ziqiang 1st Road, Zhongli Industrial Park, Chung-Li District, Chung-Li City, TWN, 320023
Prime Electronics & Satellitics Inc is a Taiwan-based company engaged in the manufacture, processing, and sales of satellite communication equipment, wired communication equipment, and wireless communication equipment.
55GF Score

Get the complete analysis for TPE:6152

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$13.05
Price
NT$7.28
GF Value