Global Mixed-Mode Technology (TPE:8081) Beneish M-Score: -2.31 (As of Jun. 26, 2026)


TPE:8081 Global Mixed-Mode Technology Inc TPE:8081
82 GF Score
Price NT$325.50
GF Value NT$247.40
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Global Mixed-Mode Technology Beneish M-Score?

Global Mixed-Mode Technology TPE:8081 -0.15% 82 Beneish M-Score is -2.31 as of Jun. 26, 2026. GuruFocus rates TPE:8081 with a GF Score™ of 82/100 and a GF Value™ of NT$247.40 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 987 Semiconductors companies, Global Mixed-Mode Technology ranks worse than 57.45% 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 -2.31 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Global Mixed-Mode Technology's Beneish M-Score or its related term are showing as below:

TPE:8081' s Beneish M-Score Range Over the Past 10 Years
Min: -2.88   Med: -2.45   Max: -1.62
Current: -2.31

During the past 13 years, the highest Beneish M-Score of Global Mixed-Mode Technology was -1.62. The lowest was -2.88. And the median was -2.45.


Global Mixed-Mode Technology Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Global Mixed-Mode 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.

Global Mixed-Mode Technology Beneish M-Score Chart

Global Mixed-Mode Technology 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 -2.00 -2.58 -2.58 -2.48 -2.31

Global Mixed-Mode Technology 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 -2.48 -2.42 -2.51 -2.53 -2.31

TPE:8081 vs NVDA, AVGO, MU: Beneish M-Score Comparison

For the Semiconductors subindustry, Global Mixed-Mode 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.


Global Mixed-Mode Technology Beneish M-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Global Mixed-Mode Technology's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Global Mixed-Mode Technology's Beneish M-Score falls into.


TPE:8081
82GF Score
Global Mixed-Mode Technology Inc TPE:8081
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Global Mixed-Mode Technology 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 Global Mixed-Mode 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 * 1.0225+0.528 * 1.012+0.404 * 0.9915+0.892 * 1.05+0.115 * 1.0837
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9701+4.679 * 0.020793-0.327 * 1.0371
=-2.31

* 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$1,648 Mil.
Revenue was 2044.241 + 2215.41 + 2248.135 + 2157.891 = NT$8,666 Mil.
Gross Profit was 779.297 + 781.268 + 928.73 + 888.586 = NT$3,378 Mil.
Total Current Assets was NT$8,004 Mil.
Total Assets was NT$11,542 Mil.
Property, Plant and Equipment(Net PPE) was NT$1,250 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$135 Mil.
Selling, General, & Admin. Expense(SGA) was NT$612 Mil.
Total Current Liabilities was NT$1,821 Mil.
Long-Term Debt & Capital Lease Obligation was NT$55 Mil.
Net Income was 404.162 + 389.383 + 316.696 + 412.49 = NT$1,523 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = NT$0 Mil.
Cash Flow from Operations was 481.344 + -76.636 + 162.098 + 715.929 = NT$1,283 Mil.
Total Receivables was NT$1,535 Mil.
Revenue was 1976.705 + 2277.988 + 2059.054 + 1938.917 = NT$8,253 Mil.
Gross Profit was 733.123 + 904.224 + 826.866 + 791.17 = NT$3,255 Mil.
Total Current Assets was NT$7,699 Mil.
Total Assets was NT$11,123 Mil.
Property, Plant and Equipment(Net PPE) was NT$1,200 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$142 Mil.
Selling, General, & Admin. Expense(SGA) was NT$601 Mil.
Total Current Liabilities was NT$1,684 Mil.
Long-Term Debt & Capital Lease Obligation was NT$60 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)
=(1648.351 / 8665.677) / (1535.18 / 8252.664)
=0.190216 / 0.186022
=1.0225

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)
=(3255.383 / 8252.664) / (3377.881 / 8665.677)
=0.394465 / 0.3898
=1.012

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 - (8003.639 + 1250.336) / 11542.166) / (1 - (7699.377 + 1199.654) / 11122.926)
=0.198246 / 0.199938
=0.9915

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
=8665.677 / 8252.664
=1.05

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))
=(141.94 / (141.94 + 1199.654)) / (135.269 / (135.269 + 1250.336))
=0.1058 / 0.097625
=1.0837

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)
=(611.977 / 8665.677) / (600.803 / 8252.664)
=0.070621 / 0.072801
=0.9701

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)
=((54.947 + 1821.335) / 11542.166) / ((59.888 + 1683.568) / 11122.926)
=0.162559 / 0.156744
=1.0371

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
=(1522.731 - 0 - 1282.735) / 11542.166
=0.020793

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.

Global Mixed-Mode Technology has a M-score of -2.31 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 -2.31 mean?
Global Mixed-Mode Technology (TPE:8081) has a Beneish M-Score of -2.31 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Global Mixed-Mode Technology and its competitors. According to the industry distribution chart, Global Mixed-Mode Technology ranks #567 out of 987 companies in the Semiconductors industry, placing it in the top 57.4%.
Is Global Mixed-Mode Technology's Beneish M-Score too high?
Global Mixed-Mode Technology's current Beneish M-Score is -2.31. Based on the distribution chart, Global Mixed-Mode Technology ranks #567 out of 987 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Global Mixed-Mode Technology has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Global Mixed-Mode Technology's Beneish M-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Global Mixed-Mode Technology ranks #567 out of 987 companies for Beneish M-Score. This places Global Mixed-Mode 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 Global Mixed-Mode Technology and its competitors. Global Mixed-Mode Technology's current Beneish M-Score is -2.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Mixed-Mode Technology stock overvalued right now?
Based on GuruFocus' analysis, Global Mixed-Mode Technology (TPE:8081) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$247.40, compared to a current price of NT$325.50 — trading 31.6% above its estimated fair value. The current Beneish M-Score is -2.31. Global Mixed-Mode Technology's overall GF Score™ is 82/100 with 9 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 Global Mixed-Mode Technology (TPE:8081), the current Beneish M-Score is -2.31 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 Global Mixed-Mode Technology (TPE:8081) Overvalued in 2026?

Based on GuruFocus' analysis, Global Mixed-Mode Technology stock appears to be overvalued. The current stock price of NT$325.50 is trading 31.6% above its estimated GF Value™ of NT$247.40. GuruFocus considers Global Mixed-Mode Technology to be Significantly Overvalued.

Key valuation signals for TPE:8081:

  • Beneish M-Score: -2.31
  • GF Value™: NT$247.40 vs. price of NT$325.50 (31.6% above fair value)
  • GF Score™: 82/100 with 9 warning signs

No single metric tells the full story. See the TPE:8081 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Global Mixed-Mode Technology Business Description

Address No.186, Jian-Yi Road, 4th Floor-1, Jhonghe District, New Taipei City, TWN, 23553
Global Mixed-Mode Technology Inc and its subsidiaries are mainly engaged in researching, developing, producing, manufacturing and sales of digital and analog mixed integrated circuits used in various electronic devices. The Group focuses on power solutions and its products are applied in notebook PCs, servers, workstations and 3C consumer products including LCD/OLED panels, TVs, monitors and networking products. Its product portfolio includes OP, Switch, DC-DC, PMIC & Motor, Reset, Thermal and LDO products. The Group operates in China, Taiwan, Korea and other regions, with the majority of revenue generated from China.
82GF Score

Get the complete analysis for TPE:8081

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

NT$325.50
Price
NT$247.40
GF Value