AACG (ATA Creativity Global) Beneish M-Score: -2.79 (As of Jun. 24, 2026)

What is ATA Creativity Global Beneish M-Score?

ATA Creativity Global AACG -3.80% 64 Beneish M-Score is -2.79 as of Jun. 24, 2026. GuruFocus rates AACG with a GF Score™ of 64/100 and a GF Value™ of $1.17 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 243 Education companies, ATA Creativity Global ranks better than 65.02% on this metric.

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 -2.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for ATA Creativity Global's Beneish M-Score or its related term are showing as below:

AACG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.28 Med: -1.61 Max: 54.48
Current: -2.79

During the past 13 years, the highest Beneish M-Score of ATA Creativity Global was 54.48. The lowest was -3.28. And the median was -1.61.

ATA Creativity Global Beneish M-Score Related Terms

ATA Creativity Global Beneish M-Score Historical Data

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The historical data trend for ATA Creativity Global'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.

ATA Creativity Global Beneish M-Score Chart

ATA Creativity Global Annual Data

Trend

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-3.28

1.51

-3.23

-0.59

-2.79

ATA Creativity Global Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															-0.59	0.00	0.00	0.00	-2.79

AACG vs GNS, SKIL, RYET: Beneish M-Score Comparison

For the Education & Training Services subindustry, ATA Creativity Global'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.

ATA Creativity Global Beneish M-Score vs Education Industry

For the Education industry and Consumer Defensive sector, ATA Creativity Global's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where ATA Creativity Global's Beneish M-Score falls into.

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ATA Creativity Global AACG

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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ATA Creativity Global Beneish M-Score Calculation

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 ATA Creativity Global for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.8109

0.528 * 1.0843

0.404 * 0.83

0.892 * 1.0339

0.115 * 0.9612

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8929

4.679 * -0.024892

0.327 * 1.127

-2.79

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $2.06 Mil.
Revenue was $38.07 Mil.
Gross Profit was $18.50 Mil.
Total Current Assets was $15.81 Mil.
Total Assets was $57.97 Mil.
Property, Plant and Equipment(Net PPE) was $8.91 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.05 Mil.
Selling, General, & Admin. Expense(SGA) was $19.91 Mil.
Total Current Liabilities was $48.92 Mil.
Long-Term Debt & Capital Lease Obligation was $4.21 Mil.
Net Income was $-6.82 Mil.
Gross Profit was $-3.13 Mil.
Cash Flow from Operations was $-2.25 Mil.

Total Receivables was $2.46 Mil.
Revenue was $36.82 Mil.
Gross Profit was $19.40 Mil.
Total Current Assets was $9.15 Mil.
Total Assets was $62.76 Mil.
Property, Plant and Equipment(Net PPE) was $10.24 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.33 Mil.
Selling, General, & Admin. Expense(SGA) was $21.57 Mil.
Total Current Liabilities was $48.69 Mil.
Long-Term Debt & Capital Lease Obligation was $2.35 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(2.06 / 38.067)	/	(2.457 / 36.818)
	=	0.054115	/	0.066734
	=	0.8109

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(19.403 / 36.818)	/	(18.502 / 38.067)
	=	0.526998	/	0.486038
	=	1.0843

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (15.812 + 8.913) / 57.971)	/	(1 - (9.153 + 10.243) / 62.759)
	=	0.573494	/	0.690945
	=	0.83

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

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.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	38.067	/	36.818
	=	1.0339

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

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))
	=	(3.327 / (3.327 + 10.243))	/	(3.052 / (3.052 + 8.913))
	=	0.245173	/	0.255077
	=	0.9612

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

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(19.909 / 38.067)	/	(21.565 / 36.818)
	=	0.522999	/	0.585719
	=	0.8929

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((4.21 + 48.924) / 57.971)	/	((2.352 + 48.69) / 62.759)
	=	0.916562	/	0.813302
	=	1.127

8. TATA = Total Accruals to Total Assets

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
	=	(-6.822 - -3.13	-	-2.249)	/	57.971
	=	-0.024892

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.

ATA Creativity Global has a M-score of -2.79 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of -2.79 mean?

ATA Creativity Global (AACG) has a Beneish M-Score of -2.79 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ATA Creativity Global and its competitors. According to the industry distribution chart, ATA Creativity Global ranks #85 out of 243 companies in the Education industry, placing it in the top 35%.

Is ATA Creativity Global's Beneish M-Score too high?

ATA Creativity Global's current Beneish M-Score is -2.79. Based on the distribution chart, ATA Creativity Global ranks #85 out of 243 companies in the Education industry, which is above the industry midpoint. Overall, ATA Creativity Global has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does ATA Creativity Global's Beneish M-Score compare to GNS and SKIL?

According to the Education industry distribution chart, ATA Creativity Global ranks #85 out of 243 companies for Beneish M-Score. This puts ATA Creativity Global 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 an Education company?

A good Beneish M-Score depends on the Education 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 ATA Creativity Global and its competitors. ATA Creativity Global's current Beneish M-Score is -2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is ATA Creativity Global stock overvalued right now?

Based on GuruFocus' analysis, ATA Creativity Global (AACG) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.17, compared to a current price of $1.01 — trading 13.7% below its estimated fair value. The current Beneish M-Score is -2.79. ATA Creativity Global's overall GF Score™ is 64/100 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 ATA Creativity Global (AACG), the current Beneish M-Score is -2.79 as of Jun. 24, 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 ATA Creativity Global (AACG) Overvalued in 2026?

Based on GuruFocus' analysis, ATA Creativity Global stock appears to be undervalued. The current stock price of $1.01 is trading 13.7% below its estimated GF Value™ of $1.17. GuruFocus considers ATA Creativity Global to be Modestly Undervalued.

Key valuation signals for AACG:

Beneish M-Score: -2.79
GF Value™: $1.17 vs. price of $1.01 (13.7% below fair value)
GF Score™: 64/100 with 3 warning signs

No single metric tells the full story. See the AACG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ATA Creativity Global Business Description

Industry Consumer Defensive Education

Comparable Companies GNS SKIL RYET LMMY FEDU STG EDTK PCSVD JDZG ASPU EDU TAL GHC LAUR CVSA LOPE LRN NSE:PWL HKSE:01797 MH

Other Exchanges 3IZ:Germany

Address WenhuaKechuangYuan, Huayuan Boulevard. 365, c/o Room No.507, Building No.3, BinhuZhuoyueCheng, Baohe, Anhui, Hefei, CHN, 230051

Website http://www.atai.net.cn

ATA Creativity Global is an international educational services company focused on providing quality learning experiences that cultivate and enhance students' creativity. The operating segments of the company are (i) Overseas art study services (ii) Other educational services and (iii) Other services. Majority of its revenue comes from Overseas art study services.

64GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.01

Price

$1.17

GF Value

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