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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 -2.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Radiant Opto-Electronics's Beneish M-Score or its related term are showing as below:
TPE:6176'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.51 Med: -2.44 Max: -0.04
Current: -2.38
During the past 13 years, the highest Beneish M-Score of Radiant Opto-Electronics was -0.04. The lowest was -3.51. And the median was -2.44.
* 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:6176 vs APH, GLW, TEL: Beneish M-Score Comparison
For the Electronic Components subindustry, Radiant Opto-Electronics'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.
Radiant Opto-Electronics Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Radiant Opto-Electronics's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Radiant Opto-Electronics'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 Radiant Opto-Electronics 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 * 1.119
+
0.528 * 0.9507
+
0.404 * 1.0107
+
0.892 * 0.8852
+
0.115 * 1.0998
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3394
+
4.679 * 0.028985
-
0.327 * 0.9191
=
-2.38
* 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))
=
(1082.255 / (1082.255 + 4932.687))
/
(1299.455 / (1299.455 + 6643.718))
=
0.179928
/
0.163594
=
1.0998
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
=
(3724.308 - 0
-
1688.603)
/
70233.786
=
0.028985
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.
Radiant Opto-Electronics has a M-score of -2.38 suggests that the company is unlikely to be a manipulator.
Radiant Opto-Electronics (TPE:6176) has a Beneish M-Score of -2.38 as of Aug. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Radiant Opto-Electronics and its competitors. According to the industry distribution chart, Radiant Opto-Electronics ranks #1226 out of 2403 companies in the Hardware industry, placing it in the top 51%.
Is Radiant Opto-Electronics' Beneish M-Score too high?
Radiant Opto-Electronics' current Beneish M-Score is -2.38. Based on the distribution chart, Radiant Opto-Electronics ranks #1226 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Radiant Opto-Electronics has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Radiant Opto-Electronics' Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Radiant Opto-Electronics ranks #1226 out of 2403 companies for Beneish M-Score. This places Radiant Opto-Electronics 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 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 Radiant Opto-Electronics and its competitors. Radiant Opto-Electronics's current Beneish M-Score is -2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Radiant Opto-Electronics stock overvalued right now?
Based on GuruFocus' analysis, Radiant Opto-Electronics (TPE:6176) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$179.41, compared to a current price of NT$99.90 — trading 44.3% below its estimated fair value. The current Beneish M-Score is -2.38. Radiant Opto-Electronics' overall GF Score™ is 75/100 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 Radiant Opto-Electronics (TPE:6176), the current Beneish M-Score is -2.38 as of Aug. 25, 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 Radiant Opto-Electronics (TPE:6176) Overvalued in 2026?
Based on GuruFocus' analysis, Radiant Opto-Electronics stock appears to be undervalued.
The current stock price of NT$99.90 is trading 44.3% below its estimated GF Value™ of NT$179.41.
GuruFocus considers Radiant Opto-Electronics to be Significantly Undervalued.
Key valuation signals for TPE:6176:
Beneish M-Score: -2.38
GF Value™: NT$179.41 vs. price of NT$99.90 (44.3% below fair value)
No single metric tells the full story. See the TPE:6176 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Radiant Opto-Electronics Corp is a Taiwan-based company that is engaged in designing, manufacturing, assembling, and marketing backlight modules and light guide plates for liquid crystal display panels. The Group has three reportable segments: the domestic, Mainland China, and other operations segments. The domestic segment engages in the manufacture and sale of light guide plates, backlight modules for LCDs, and lighting components. The Mainland China segment, which generates key revenue, uses the technologies provided by the domestic segment to develop new designs of products according to the demands of various customers. Geographically, the majority of the revenue for the company is generated from Asia, and the rest from Europe and America.
75GF Score
Get the complete analysis for TPE:6176
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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