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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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Dafeng TV's Beneish M-Score or its related term are showing as below:
TPE:6184'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.54 Med: -2.76 Max: -2.17
Current: -2.74
During the past 13 years, the highest Beneish M-Score of Dafeng TV was -2.17. The lowest was -3.54. And the median was -2.76.
Dafeng TV Beneish M-Score Related Terms
Dafeng TV Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Dafeng TV'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:6184 vs NFLX, DIS, WBD: Beneish M-Score Comparison
For the Entertainment subindustry, Dafeng TV'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.
Dafeng TV Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Dafeng TV's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Dafeng TV'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 Dafeng TV 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 * 0.9666
+
0.528 * 0.985
+
0.404 * 0.8425
+
0.892 * 1.0182
+
0.115 * 1.0856
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1132
+
4.679 * -0.036028
-
0.327 * 0.9809
=
-2.74
* 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))
=
(432.72 / (432.72 + 2118.897))
/
(401.501 / (401.501 + 2168.596))
=
0.169587
/
0.15622
=
1.0856
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
=
(385.54 - 0
-
717.267)
/
9207.509
=
-0.036028
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.
Dafeng TV has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.
Dafeng TV (TPE:6184) has a Beneish M-Score of -2.74 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dafeng TV and its competitors. According to the industry distribution chart, Dafeng TV ranks #368 out of 976 companies in the Media - Diversified industry, placing it in the top 37.7%.
Is Dafeng TV's Beneish M-Score too high?
Dafeng TV's current Beneish M-Score is -2.74. Based on the distribution chart, Dafeng TV ranks #368 out of 976 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Dafeng TV has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dafeng TV's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Dafeng TV ranks #368 out of 976 companies for Beneish M-Score. This puts Dafeng TV 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Dafeng TV and its competitors. Dafeng TV's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dafeng TV stock overvalued right now?
Based on GuruFocus' analysis, Dafeng TV (TPE:6184) is currently considered Fairly Valued. The stock's GF Value™ is NT$45.83, compared to a current price of NT$43.10 — trading 6% below its estimated fair value. The current Beneish M-Score is -2.74. Dafeng TV's overall GF Score™ is 70/100 with 6 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 Dafeng TV (TPE:6184), the current Beneish M-Score is -2.74 as of Jul. 15, 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 Dafeng TV (TPE:6184) Overvalued in 2026?
Based on GuruFocus' analysis, Dafeng TV stock appears to be undervalued.
The current stock price of NT$43.10 is trading 6% below its estimated GF Value™ of NT$45.83.
GuruFocus considers Dafeng TV to be Fairly Valued.
Key valuation signals for TPE:6184:
Beneish M-Score: -2.74
GF Value™: NT$45.83 vs. price of NT$43.10 (6% below fair value)
No single metric tells the full story. See the TPE:6184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dafeng TV Ltd is engaged in cable television system and broadband business. The company's main franchise areas are in Banqiao and Tucheng in New Taipei City. The segments of the company are: cable television segment; broadband services segment; and Others segment. It derives maximum revenue from Cable television segment. Geographically, the company has its presence in Taipei and Kaohsiung.
70GF Score
Get the complete analysis for TPE:6184
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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