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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 -2.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Orion (Spin Co)'s Beneish M-Score or its related term are showing as below:
XKRX:271560'
s Beneish M-Score Range Over the Past 10 Years
Min: -3 Med: -2.56 Max: -1.29
Current: -2.85
During the past 9 years, the highest Beneish M-Score of Orion (Spin Co) was -1.29. The lowest was -3.00. And the median was -2.56.
The historical data trend for Orion (Spin 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:271560 vs MDLZ, HSY, TR: Beneish M-Score Comparison
For the Confectioners subindustry, Orion (Spin 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.
Orion (Spin Co) Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Orion (Spin Co)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Orion (Spin 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 Orion (Spin 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 * 0.9063
+
0.528 * 1.0227
+
0.404 * 0.8301
+
0.892 * 1.1125
+
0.115 * 1.1665
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0291
+
4.679 * -0.049904
-
0.327 * 1.3415
=
-2.85
* 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))
=
(162961.403 / (162961.403 + 1725989.193))
/
(171771.436 / (171771.436 + 2150784.465))
=
0.086271
/
0.073958
=
1.1665
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
=
(419178.793 - 0
-
667317.383)
/
4972325.887
=
-0.049904
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.
Orion (Spin Co) has a M-score of -2.85 suggests that the company is unlikely to be a manipulator.
Orion (Spin Co) (XKRX:271560) has a Beneish M-Score of -2.85 as of Aug. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Orion (Spin Co) and its competitors. According to the industry distribution chart, Orion (Spin Co) ranks #462 out of 1864 companies in the Consumer Packaged Goods industry, placing it in the top 24.8%.
Is Orion (Spin Co)'s Beneish M-Score too high?
Orion (Spin Co)'s current Beneish M-Score is -2.85. Based on the distribution chart, Orion (Spin Co) ranks #462 out of 1864 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Orion (Spin Co) has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Orion (Spin Co)'s Beneish M-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Orion (Spin Co) ranks #462 out of 1864 companies for Beneish M-Score. This places Orion (Spin Co) in the top 25% of its industry — outperforming the majority of peers. 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 Orion (Spin Co) and its competitors. Orion (Spin Co)'s current Beneish M-Score is -2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orion (Spin Co) stock overvalued right now?
Based on GuruFocus' analysis, Orion (Spin Co) (XKRX:271560) is currently considered Fairly Valued. The stock's GF Value™ is ₩124,703.05, compared to a current price of ₩125,400.00 — trading 0.6% above its estimated fair value. The current Beneish M-Score is -2.85. Orion (Spin Co)'s overall GF Score™ is 92/100 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 Orion (Spin Co) (XKRX:271560), the current Beneish M-Score is -2.85 as of Aug. 23, 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 Orion (Spin Co) (XKRX:271560) Overvalued in 2026?
Based on GuruFocus' analysis, Orion (Spin Co) stock appears to be overvalued.
The current stock price of ₩125,400.00 is trading 0.6% above its estimated GF Value™ of ₩124,703.05.
GuruFocus considers Orion (Spin Co) to be Fairly Valued.
Key valuation signals for XKRX:271560:
Beneish M-Score: -2.85
GF Value™: ₩124,703.05 vs. price of ₩125,400.00 (0.6% above fair value)
No single metric tells the full story. See the XKRX:271560 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orion Corp (Spin Co) is a confectionery company. Its product offerings include Choco Boy jelly, Sause Dot Potatochip, Red Velvet, Fig and Berries, and others.
92GF Score
Get the complete analysis for XKRX:271560
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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