AAPI (Apple iSports Group) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is Apple iSports Group Beneish M-Score?

Apple iSports Group AAPI 28 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates AAPI with a GF Score™ of 28/100. The stock has 4 warning signs investors should review. Among 824 Travel & Leisure companies, Apple iSports Group ranks worse than 121359.1% 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.

The historical rank and industry rank for Apple iSports Group's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Apple iSports Group was 0.00. The lowest was 0.00. And the median was 0.00.

Apple iSports Group Beneish M-Score Related Terms

Apple iSports Group Beneish M-Score Historical Data

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The historical data trend for Apple iSports Group'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.

Apple iSports Group Beneish M-Score Chart

Apple iSports Group Annual Data

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Beneish M-Score

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0.00

Apple iSports Group Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

AAPI vs SEGG, VIPZ, GLXZ: Beneish M-Score Comparison

For the Gambling subindustry, Apple iSports Group'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.

Apple iSports Group Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Apple iSports Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Apple iSports Group's Beneish M-Score falls into.

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Apple iSports Group 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 Apple iSports Group 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.56 Mil.
Total Assets was $2.39 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $3.68 Mil.
Total Current Liabilities was $6.78 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.385 + 1.844 + -4.513 + -0.547 = $-3.60 Mil.
Non Operating Income was 0.074 + 2.385 + -2.262 + 0.094 = $0.29 Mil.
Cash Flow from Operations was -0.173 + 2.271 + -0.269 + -3.189 = $-1.36 Mil.

Total Receivables was $0.00 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.16 Mil.
Total Assets was $0.33 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $5.44 Mil.
Total Current Liabilities was $4.25 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
	=	(0 / 0)	/	(0.002 / 0)
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 - (0.563 + 0) / 2.392)	/	(1 - (0.156 + 0) / 0.328)
	=	0.764632	/	0.52439
	=

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
	=	0	/	0
	=

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))
	=	(0 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(3.68 / 0)	/	(5.436 / 0)
	=		/
	=

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)
	=	((0 + 6.777) / 2.392)	/	((0 + 4.246) / 0.328)
	=	2.833194	/	12.945122
	=

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
	=	(-3.601 - 0.291	-	-1.36)	/	2.392
	=	-1.058528

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Apple iSports Group (AAPI) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Apple iSports Group and its competitors. According to the industry distribution chart, Apple iSports Group ranks #999999 out of 824 companies in the Travel & Leisure industry.

Is Apple iSports Group's Beneish M-Score too high?

Apple iSports Group's current Beneish M-Score is 0.00. Based on the distribution chart, Apple iSports Group ranks #999999 out of 824 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Apple iSports Group has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.

How does Apple iSports Group's Beneish M-Score compare to SEGG and VIPZ?

According to the Travel & Leisure industry distribution chart, Apple iSports Group ranks #999999 out of 824 companies for Beneish M-Score. This places Apple iSports Group 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 Travel & Leisure company?

A good Beneish M-Score depends on the Travel & Leisure 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 Apple iSports Group and its competitors. Apple iSports Group's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Apple iSports Group stock overvalued right now?

Apple iSports Group (AAPI) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Apple iSports Group's overall GF Score™ is 28/100 with 4 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 Apple iSports Group (AAPI), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Apple iSports Group Business Description

Industry Consumer Cyclical Travel & Leisure

Comparable Companies SEGG VIPZ GLXZ GMER ROLR GAMB ASX:ALL FLUT OSTO:EVO DKNG ATH:ALWN ASX:TLC MIL:LTMC LNWO SGHC CHDN XPAR:FDJU LSE:ENT RSI ATH:BYLOT

Address 100 Spectrum Center Drive, Suite 900, Irvine, CA, USA, 92618

Website https://appleisports.com

Apple iSports Group Inc is engaged in the development of a digital sports betting and gaming platform that provides users with sports content, racing, sports betting, and sports streaming solutions accessible via web and mobile devices. The Company focuses on the convergence of technology, gaming, media, and entertainment to enhance sports fandom and user engagement and is at the forefront of this convergence, particularly as the boundaries between sports, wagering, and entertainment continue to blur. The Company operates as a single operating and reportable segment focused on developing its digital sports betting and gaming platform.

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