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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Amorepacific Holdings's Beneish M-Score or its related term are showing as below:
XKRX:002790'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.99 Med: -2.7 Max: -2.21
Current: -2.55
During the past 13 years, the highest Beneish M-Score of Amorepacific Holdings was -2.21. The lowest was -2.99. And the median was -2.70.
Amorepacific Holdings Beneish M-Score Related Terms
Amorepacific Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Amorepacific Holdings'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:002790 vs PG, CL, EL: Beneish M-Score Comparison
For the Household & Personal Products subindustry, Amorepacific Holdings'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.
Amorepacific Holdings Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Amorepacific Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Amorepacific Holdings'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 Amorepacific Holdings 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 * 1.118
+
0.528 * 0.983
+
0.404 * 0.9817
+
0.892 * 1.074
+
0.115 * 1.0113
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0166
+
4.679 * -0.04868
-
0.327 * 1.0071
=
-2.55
* 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))
=
(281777 / (281777 + 2747861.796))
/
(273147.937 / (273147.937 + 2696814.536))
=
0.093007
/
0.09197
=
1.0113
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
=
(138284.116 - 0
-
572155.578)
/
8912762.025
=
-0.04868
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.
Amorepacific Holdings has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.
Amorepacific Holdings (XKRX:002790) has a Beneish M-Score of -2.55 as of Sep. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amorepacific Holdings and its competitors. According to the industry distribution chart, Amorepacific Holdings ranks #885 out of 1889 companies in the Consumer Packaged Goods industry, placing it in the top 46.9%.
Is Amorepacific Holdings' Beneish M-Score too high?
Amorepacific Holdings' current Beneish M-Score is -2.55. Based on the distribution chart, Amorepacific Holdings ranks #885 out of 1889 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Amorepacific Holdings has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amorepacific Holdings' Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Amorepacific Holdings ranks #885 out of 1889 companies for Beneish M-Score. This puts Amorepacific Holdings 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 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 Amorepacific Holdings and its competitors. Amorepacific Holdings's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amorepacific Holdings stock overvalued right now?
Based on GuruFocus' analysis, Amorepacific Holdings (XKRX:002790) is currently considered Modestly Undervalued. The stock's GF Value™ is ₩30,572.22, compared to a current price of ₩25,500.00 — trading 16.6% below its estimated fair value. The current Beneish M-Score is -2.55. Amorepacific Holdings' overall GF Score™ is 85/100 with 2 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 Amorepacific Holdings (XKRX:002790), the current Beneish M-Score is -2.55 as of Sep. 09, 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 Amorepacific Holdings (XKRX:002790) Overvalued in 2026?
Based on GuruFocus' analysis, Amorepacific Holdings stock appears to be undervalued.
The current stock price of ₩25,500.00 is trading 16.6% below its estimated GF Value™ of ₩30,572.22.
GuruFocus considers Amorepacific Holdings to be Modestly Undervalued.
Key valuation signals for XKRX:002790:
Beneish M-Score: -2.55
GF Value™: ₩30,572.22 vs. price of ₩25,500.00 (16.6% below fair value)
No single metric tells the full story. See the XKRX:002790 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AmoreG is a manufacturer of personal care products and cosmetics. The company manufactures, markets and trades of cosmetics, personal care goods, and other related products. It also provides skin evaluation services, which measures, dryness, pollutants, and sensitivity of the skin. The company's products portfolio includes Creams, Toner and Fluids, Ampoule, Cleansing, Eye Care, Serum, Sun Care, Body Care, and Special Care.
85GF Score
Get the complete analysis for XKRX:002790
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:002790 has been successfully added to your 
