Tianqi LithiumTQLCF 57 Beneish M-Score is -0.86 as of Jun. 24, 2026. GuruFocus rates TQLCF with a GF Score™ of 57/100 and a GF Value™ of $3.95 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,529 Chemicals companies, Tianqi Lithium ranks worse than 93.13% 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.
Warning Sign:
Beneish M-Score -0.86 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Tianqi Lithium's Beneish M-Score or its related term are showing as below:
TQLCF'
s Beneish M-Score Range Over the Past 10 Years
Min: -5.2 Med: -2.65 Max: 2.73
Current: -0.86
During the past 13 years, the highest Beneish M-Score of Tianqi Lithium was 2.73. The lowest was -5.20. And the median was -2.65.
Tianqi Lithium Beneish M-Score Related Terms
Tianqi Lithium Beneish M-Score Historical Data
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The historical data trend for Tianqi Lithium'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.
TQLCF vs LIN, SHW, ECL: Beneish M-Score Comparison
For the Specialty Chemicals subindustry, Tianqi Lithium'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.
Tianqi Lithium Beneish M-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tianqi Lithium's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium'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 Tianqi Lithium 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 * 2.7677
+
0.528 * 0.9446
+
0.404 * 0.9296
+
0.892 * 1.0131
+
0.115 * 1
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5142
+
4.679 * 0.000271
-
0.327 * 0.8835
=
-0.78
* 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))
=
(0 / (0 + 2720.655))
/
(0 / (0 + 3222.184))
=
0
/
0
=
1
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
=
(322.98 - 0
-
319.857)
/
11525.585
=
0.000271
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.
Tianqi Lithium has a M-score of -0.78 signals that the company is likely to be a manipulator.
Tianqi Lithium (TQLCF) has a Beneish M-Score of -0.86 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tianqi Lithium and its competitors. According to the industry distribution chart, Tianqi Lithium ranks #1424 out of 1529 companies in the Chemicals industry, placing it in the top 93.1%.
Is Tianqi Lithium's Beneish M-Score too high?
Tianqi Lithium's current Beneish M-Score is -0.86. Based on the distribution chart, Tianqi Lithium ranks #1424 out of 1529 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Tianqi Lithium has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tianqi Lithium's Beneish M-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tianqi Lithium ranks #1424 out of 1529 companies for Beneish M-Score. This places Tianqi Lithium 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 Chemicals company?
A good Beneish M-Score depends on the Chemicals 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 Tianqi Lithium and its competitors. Tianqi Lithium's current Beneish M-Score is -0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianqi Lithium stock overvalued right now?
Based on GuruFocus' analysis, Tianqi Lithium (TQLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.95, compared to a current price of $8.75 — trading 121.5% above its estimated fair value. The current Beneish M-Score is -0.86. Tianqi Lithium's overall GF Score™ is 57/100 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 Tianqi Lithium (TQLCF), the current Beneish M-Score is -0.86 as of Jun. 24, 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 Tianqi Lithium (TQLCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued.
The current stock price of $8.75 is trading 121.5% above its estimated GF Value™ of $3.95.
GuruFocus considers Tianqi Lithium to be Significantly Overvalued.
Key valuation signals for TQLCF:
Beneish M-Score: -0.86
GF Value™: $3.95 vs. price of $8.75 (121.5% above fair value)
No single metric tells the full story. See the TQLCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianqi Lithium is a leading new energy materials company headquartered in Sichuan, China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that achieved 100% self-sufficiency and has fully vertically integrated lithium mines. The firm operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
57GF Score
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