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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 -2.41 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Hyundai Mobis Co's Beneish M-Score or its related term are showing as below:
XKRX:012330'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.76 Med: -2.45 Max: -2.18
Current: -2.41
During the past 13 years, the highest Beneish M-Score of Hyundai Mobis Co was -2.18. The lowest was -2.76. And the median was -2.45.
The historical data trend for Hyundai Mobis 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.
XKRX:012330 vs ORLY, AZO, GPC: Beneish M-Score Comparison
For the Auto Parts subindustry, Hyundai Mobis 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.
Hyundai Mobis Co Beneish M-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hyundai Mobis Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Hyundai Mobis Co'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 Hyundai Mobis 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 * 1.0801
+
0.528 * 1.0205
+
0.404 * 0.9904
+
0.892 * 1.0491
+
0.115 * 0.9567
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0538
+
4.679 * -0.006623
-
0.327 * 1.0131
=
-2.41
* 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))
=
(1083294 / (1083294 + 12423410))
/
(1245208 / (1245208 + 13607773))
=
0.080204
/
0.083836
=
0.9567
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
=
(3632447 - 0
-
4132208)
/
75455709
=
-0.006623
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.
Hyundai Mobis Co has a M-score of -2.41 suggests that the company is unlikely to be a manipulator.
Hyundai Mobis Co (XKRX:012330) has a Beneish M-Score of -2.41 as of Sep. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hyundai Mobis Co and its competitors. According to the industry distribution chart, Hyundai Mobis Co ranks #781 out of 1291 companies in the Vehicles & Parts industry, placing it in the top 60.5%.
Is Hyundai Mobis Co's Beneish M-Score too high?
Hyundai Mobis Co's current Beneish M-Score is -2.41. Based on the distribution chart, Hyundai Mobis Co ranks #781 out of 1291 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Hyundai Mobis Co has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hyundai Mobis Co's Beneish M-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hyundai Mobis Co ranks #781 out of 1291 companies for Beneish M-Score. This places Hyundai Mobis Co 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Hyundai Mobis Co and its competitors. Hyundai Mobis Co's current Beneish M-Score is -2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyundai Mobis Co stock overvalued right now?
Based on GuruFocus' analysis, Hyundai Mobis Co (XKRX:012330) is currently considered Significantly Overvalued. The stock's GF Value™ is ₩281,920.38, compared to a current price of ₩443,500.00 — trading 57.3% above its estimated fair value. The current Beneish M-Score is -2.41. Hyundai Mobis Co's overall GF Score™ is 89/100 with 1 warning sign 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 Hyundai Mobis Co (XKRX:012330), the current Beneish M-Score is -2.41 as of Sep. 02, 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 Hyundai Mobis Co (XKRX:012330) Overvalued in 2026?
Based on GuruFocus' analysis, Hyundai Mobis Co stock appears to be overvalued.
The current stock price of ₩443,500.00 is trading 57.3% above its estimated GF Value™ of ₩281,920.38.
GuruFocus considers Hyundai Mobis Co to be Significantly Overvalued.
Key valuation signals for XKRX:012330:
Beneish M-Score: -2.41
GF Value™: ₩281,920.38 vs. price of ₩443,500.00 (57.3% above fair value)
No single metric tells the full story. See the XKRX:012330 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hyundai Mobis Co Ltd is an automotive parts manufacturer. The company operates two reportable segments: the Auto Parts segment, which supplies modules and parts required for the complete vehicle manufacturing process, and the After-Sales Services segment, which provides auto parts for After-Sales service needs along with accessories and related products. It generates the majority of its revenue from the Auto parts segment.
89GF Score
Get the complete analysis for XKRX:012330
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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