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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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Moda-InnoChips Co's Beneish M-Score or its related term are showing as below:
XKRX:080420'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.88 Med: -2.56 Max: -0.95
Current: -2.53
During the past 13 years, the highest Beneish M-Score of Moda-InnoChips Co was -0.95. The lowest was -2.88. And the median was -2.56.
The historical data trend for Moda-InnoChips 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:080420 vs APH, GLW, TEL: Beneish M-Score Comparison
For the Electronic Components subindustry, Moda-InnoChips 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.
Moda-InnoChips Co Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Moda-InnoChips Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Moda-InnoChips 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 Moda-InnoChips 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 * 1.059
+
0.528 * 1.0552
+
0.404 * 1.3018
+
0.892 * 0.9327
+
0.115 * 1.03
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0053
+
4.679 * -0.038705
-
0.327 * 1.065
=
-2.53
* 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))
=
(26437.978 / (26437.978 + 600325.352))
/
(25637.097 / (25637.097 + 600369.518))
=
0.042182
/
0.040953
=
1.03
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
=
(-12816.117 - 0
-
25777.277)
/
997128.756
=
-0.038705
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.
Moda-InnoChips Co has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
Moda-InnoChips Co (XKRX:080420) has a Beneish M-Score of -2.53 as of Aug. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Moda-InnoChips Co and its competitors. According to the industry distribution chart, Moda-InnoChips Co ranks #1710 out of 2407 companies in the Hardware industry, placing it in the top 71%.
Is Moda-InnoChips Co's Beneish M-Score too high?
Moda-InnoChips Co's current Beneish M-Score is -2.53. Based on the distribution chart, Moda-InnoChips Co ranks #1710 out of 2407 companies in the Hardware industry, which is below the industry midpoint. Overall, Moda-InnoChips Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Moda-InnoChips Co's Beneish M-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Moda-InnoChips Co ranks #1710 out of 2407 companies for Beneish M-Score. This places Moda-InnoChips 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Moda-InnoChips Co and its competitors. Moda-InnoChips Co's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moda-InnoChips Co stock overvalued right now?
Based on GuruFocus' analysis, Moda-InnoChips Co (XKRX:080420) is currently considered Modestly Undervalued. The stock's GF Value™ is ₩1,975.25, compared to a current price of ₩1,629.00 — trading 17.5% below its estimated fair value. The current Beneish M-Score is -2.53. Moda-InnoChips Co's overall GF Score™ is 59/100 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 Moda-InnoChips Co (XKRX:080420), the current Beneish M-Score is -2.53 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 Moda-InnoChips Co (XKRX:080420) Overvalued in 2026?
Based on GuruFocus' analysis, Moda-InnoChips Co stock appears to be undervalued.
The current stock price of ₩1,629.00 is trading 17.5% below its estimated GF Value™ of ₩1,975.25.
GuruFocus considers Moda-InnoChips Co to be Modestly Undervalued.
Key valuation signals for XKRX:080420:
Beneish M-Score: -2.53
GF Value™: ₩1,975.25 vs. price of ₩1,629.00 (17.5% below fair value)
No single metric tells the full story. See the XKRX:080420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Moda-InnoChips Co Ltd is a Korea-based company engages in the manufacture of electronic components. It offers CMF (Common Mode Filter), CMEF (Common Mode ESD Filter), ESD/EMI filter, chip varistor, ESD clamp, ESD suppressor, resonator, sensors modules, and small-sized finished products.
59GF Score
Get the complete analysis for XKRX:080420
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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