Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 -2.46 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for LX International's Beneish M-Score or its related term are showing as below:
XKRX:001120'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.39 Med: -2.61 Max: -2
Current: -2.46
During the past 13 years, the highest Beneish M-Score of LX International was -2.00. The lowest was -3.39. And the median was -2.61.
The historical data trend for LX International'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.
XKRX:001120 vs MMM, HON: Beneish M-Score Comparison
For the Conglomerates subindustry, LX International'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.
LX International Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, LX International's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where LX International'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 LX International 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 * 1.2777
+
0.528 * 1.0339
+
0.404 * 0.7976
+
0.892 * 1.0689
+
0.115 * 1.1095
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1282
+
4.679 * -0.04947
-
0.327 * 0.9798
=
-2.46
* 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))
=
(380252 / (380252 + 2049114.74))
/
(434535 / (434535 + 2645584.842))
=
0.156523
/
0.141077
=
1.1095
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
=
(119702.434 - 0
-
615727.211)
/
10026739.821
=
-0.04947
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.
LX International has a M-score of -2.46 suggests that the company is unlikely to be a manipulator.
LX International (XKRX:001120) has a Beneish M-Score of -2.46 as of Aug. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on LX International and its competitors. According to the industry distribution chart, LX International ranks #280 out of 527 companies in the Conglomerates industry, placing it in the top 53.1%.
Is LX International's Beneish M-Score too high?
LX International's current Beneish M-Score is -2.46. Based on the distribution chart, LX International ranks #280 out of 527 companies in the Conglomerates industry, which is below the industry midpoint. Overall, LX International has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LX International's Beneish M-Score compare to MMM and HON?
According to the Conglomerates industry distribution chart, LX International ranks #280 out of 527 companies for Beneish M-Score. This places LX International 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 LX International and its competitors. LX International's current Beneish M-Score is -2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LX International stock overvalued right now?
Based on GuruFocus' analysis, LX International (XKRX:001120) is currently considered Modestly Overvalued. The stock's GF Value™ is ₩34,401.19, compared to a current price of ₩38,300.00 — trading 11.3% above its estimated fair value. The current Beneish M-Score is -2.46. LX International's overall GF Score™ is 83/100 with 3 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 LX International (XKRX:001120), the current Beneish M-Score is -2.46 as of Aug. 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 LX International (XKRX:001120) Overvalued in 2026?
Based on GuruFocus' analysis, LX International stock appears to be overvalued.
The current stock price of ₩38,300.00 is trading 11.3% above its estimated GF Value™ of ₩34,401.19.
GuruFocus considers LX International to be Modestly Overvalued.
Key valuation signals for XKRX:001120:
Beneish M-Score: -2.46
GF Value™: ₩34,401.19 vs. price of ₩38,300.00 (11.3% above fair value)
No single metric tells the full story. See the XKRX:001120 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LX International Corp is a Korean-based company predominantly engaged in the import and export of goods, and other business activities. The Company operates its business through three segments: Industrials/Solutions, Logistics, and Energy/Palm segment. The industrial material/Solutions segment engages in IT, chemicals, metal material, project, IT, platform, and others. The logistics segment engages in shipping, air transport, land transport, international courier, customs, warehousing, distribution consulting, and others. The Energy/Palm segment engages in the development and sales of coal, the development of metals, Agro & Food, Indonesia palm activities. It operates in Korea, the Americas, Europe, Asia, and Others. The majority of its revenues are derived from Korea and the Asian region.
83GF Score
Get the complete analysis for XKRX:001120
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKRX:001120 has been successfully added to your 
