Kuangli Bio-Tech Holdings Co (TPE:6431) Beneish M-Score: -3.08 (As of Jun. 26, 2026)


TPE:6431 Kuangli Bio-Tech Holdings Co Ltd TPE:6431
69 GF Score
Price NT$18.25
GF Value NT$11.76
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Kuangli Bio-Tech Holdings Co Beneish M-Score?

Kuangli Bio-Tech Holdings Co TPE:6431 69 Beneish M-Score is -3.08 as of Jun. 26, 2026. GuruFocus rates TPE:6431 with a GF Score™ of 69/100 and a GF Value™ of NT$11.76 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Kuangli Bio-Tech Holdings Co ranks better than 86.1% 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 -3.08 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Kuangli Bio-Tech Holdings Co's Beneish M-Score or its related term are showing as below:

TPE:6431' s Beneish M-Score Range Over the Past 10 Years
Min: -5.35   Med: -2.97   Max: 4.81
Current: -3.08

During the past 13 years, the highest Beneish M-Score of Kuangli Bio-Tech Holdings Co was 4.81. The lowest was -5.35. And the median was -2.97.


Kuangli Bio-Tech Holdings Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Kuangli Bio-Tech Holdings Co'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.

Kuangli Bio-Tech Holdings Co Beneish M-Score Chart

Kuangli Bio-Tech Holdings Co 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 -0.64 -2.84 -2.99 -2.94 -3.08

Kuangli Bio-Tech Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 -2.94 -2.70 -3.08 -2.93 -3.08

TPE:6431 vs PG, CL, KVUE: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Kuangli Bio-Tech Holdings Co'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.


Kuangli Bio-Tech Holdings Co Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kuangli Bio-Tech Holdings Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Kuangli Bio-Tech Holdings Co's Beneish M-Score falls into.


TPE:6431
69GF Score
Kuangli Bio-Tech Holdings Co Ltd TPE:6431
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kuangli Bio-Tech Holdings Co 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 Kuangli Bio-Tech Holdings Co 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 * 0.723+0.528 * 0.9595+0.404 * 0.6848+0.892 * 0.9888+0.115 * 1.2093
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0787+4.679 * -0.040133-0.327 * 1.0358
=-3.08

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was NT$82.3 Mil.
Revenue was 114.037 + 67.363 + 85.955 + 109.677 = NT$377.0 Mil.
Gross Profit was 23.848 + 8.736 + 17.055 + 20.772 = NT$70.4 Mil.
Total Current Assets was NT$463.8 Mil.
Total Assets was NT$1,187.3 Mil.
Property, Plant and Equipment(Net PPE) was NT$419.1 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$86.9 Mil.
Selling, General, & Admin. Expense(SGA) was NT$185.8 Mil.
Total Current Liabilities was NT$342.3 Mil.
Long-Term Debt & Capital Lease Obligation was NT$262.6 Mil.
Net Income was -60.903 + -42.052 + -53.483 + -36.539 = NT$-193.0 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0.0 Mil.
Cash Flow from Operations was -15.319 + -101.086 + 16.723 + -45.644 = NT$-145.3 Mil.
Total Receivables was NT$115.2 Mil.
Revenue was 124.374 + 105.202 + 89.49 + 62.238 = NT$381.3 Mil.
Gross Profit was 24.214 + 20.29 + 16.85 + 6.969 = NT$68.3 Mil.
Total Current Assets was NT$249.2 Mil.
Total Assets was NT$910.2 Mil.
Property, Plant and Equipment(Net PPE) was NT$320.3 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$83.9 Mil.
Selling, General, & Admin. Expense(SGA) was NT$174.2 Mil.
Total Current Liabilities was NT$308.0 Mil.
Long-Term Debt & Capital Lease Obligation was NT$139.7 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)
=(82.333 / 377.032) / (115.173 / 381.304)
=0.218371 / 0.30205
=0.723

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)
=(68.323 / 381.304) / (70.411 / 377.032)
=0.179182 / 0.186751
=0.9595

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 - (463.84 + 419.1) / 1187.334) / (1 - (249.203 + 320.258) / 910.202)
=0.256368 / 0.374358
=0.6848

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
=377.032 / 381.304
=0.9888

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))
=(83.923 / (83.923 + 320.258)) / (86.877 / (86.877 + 419.1))
=0.207637 / 0.171701
=1.2093

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)
=(185.758 / 377.032) / (174.15 / 381.304)
=0.492685 / 0.456722
=1.0787

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)
=((262.601 + 342.289) / 1187.334) / ((139.72 + 307.954) / 910.202)
=0.509452 / 0.49184
=1.0358

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
=(-192.977 - 0 - -145.326) / 1187.334
=-0.040133

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.

Kuangli Bio-Tech Holdings Co has a M-score of -3.08 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 -3.08 mean?
Kuangli Bio-Tech Holdings Co (TPE:6431) has a Beneish M-Score of -3.08 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Kuangli Bio-Tech Holdings Co and its competitors. According to the industry distribution chart, Kuangli Bio-Tech Holdings Co ranks #257 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 13.9%.
Is Kuangli Bio-Tech Holdings Co's Beneish M-Score too high?
Kuangli Bio-Tech Holdings Co's current Beneish M-Score is -3.08. Based on the distribution chart, Kuangli Bio-Tech Holdings Co ranks #257 out of 1849 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Kuangli Bio-Tech Holdings Co has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kuangli Bio-Tech Holdings Co's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Kuangli Bio-Tech Holdings Co ranks #257 out of 1849 companies for Beneish M-Score. This places Kuangli Bio-Tech Holdings Co in the top 14% 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Kuangli Bio-Tech Holdings Co and its competitors. Kuangli Bio-Tech Holdings Co's current Beneish M-Score is -3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuangli Bio-Tech Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Kuangli Bio-Tech Holdings Co (TPE:6431) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$11.76, compared to a current price of NT$18.25 — trading 55.2% above its estimated fair value. The current Beneish M-Score is -3.08. Kuangli Bio-Tech Holdings Co's overall GF Score™ is 69/100 with 7 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 Kuangli Bio-Tech Holdings Co (TPE:6431), the current Beneish M-Score is -3.08 as of Jun. 26, 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 Kuangli Bio-Tech Holdings Co (TPE:6431) Overvalued in 2026?

Based on GuruFocus' analysis, Kuangli Bio-Tech Holdings Co stock appears to be overvalued. The current stock price of NT$18.25 is trading 55.2% above its estimated GF Value™ of NT$11.76. GuruFocus considers Kuangli Bio-Tech Holdings Co to be Significantly Overvalued.

Key valuation signals for TPE:6431:

  • Beneish M-Score: -3.08
  • GF Value™: NT$11.76 vs. price of NT$18.25 (55.2% above fair value)
  • GF Score™: 69/100 with 7 warning signs

No single metric tells the full story. See the TPE:6431 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kuangli Bio-Tech Holdings Co Business Description

Address North Sound Road, Suite 102, Cannon Place, George Town, Grand Cayman, CYM
Kuangli Bio-Tech Holdings Co Ltd is mainly engaged in the manufacture and trading of various types of panels (LENS), such as mobile phone panels, digital camera windows, PDA panels, and instrument panels. The company is also engaged in the development, manufacturing and trading of cosmetics and skin care products and other related biotechnology products. It derives revenue from Health and Wellness products, and Cosmetics and skin care products, including Lotion, Facial masks, and Other pastes. The primary source of revenue for the company is sales of cosmetic products.
69GF Score

Get the complete analysis for TPE:6431

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

NT$18.25
Price
NT$11.76
GF Value