ACCL (Acco Group Holdings) Beneish M-Score: 13.74 (As of Jul. 16, 2026) — Near Median

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ACCL Acco Group Holdings Ltd ACCL
24 GF Score
Price $1.93
! 1 Warning Sign
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What is Acco Group Holdings Beneish M-Score?

Acco Group Holdings ACCL +2.66% 24 Beneish M-Score is 13.74 as of Jul. 16, 2026, which is at its 10-year median of 13.74. GuruFocus rates ACCL with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,020 Business Services companies, Acco Group Holdings ranks worse than 99.22% 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.

Warning Sign:

Beneish M-Score 13.74 higher than -1.78, which implies that the company might have manipulated its financial results.

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

ACCL' s Beneish M-Score Range Over the Past 10 Years
Min: 13.74   Med: 13.74   Max: 13.74
Current: 13.74

During the past 3 years, the highest Beneish M-Score of Acco Group Holdings was 13.74. The lowest was 13.74. And the median was 13.74.

Acco Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Acco Group Holdings'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.

Acco Group Holdings Beneish M-Score Chart

Acco Group Holdings Annual Data
Trend Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 13.74

Acco Group Holdings Semi-Annual Data
Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 13.74 0.00

ACCL vs FOFO, DGNX, VCIG: Beneish M-Score Comparison

For the Consulting Services subindustry, Acco Group Holdings'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.

Acco Group Holdings Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Acco Group Holdings's Beneish M-Score distribution charts can be found below:

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


ACCL
24GF Score
Acco Group Holdings Ltd ACCL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Acco Group Holdings 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 Acco Group Holdings 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 * 0.6323+0.528 * 1.107+0.404 * 42.9489+0.892 * 1.119+0.115 * 1.4923
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8936+4.679 * -0.150384-0.327 * 0.7717
=13.74

* 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $0.35 Mil.
Revenue was $4.89 Mil.
Gross Profit was $2.14 Mil.
Total Current Assets was $2.87 Mil.
Total Assets was $3.91 Mil.
Property, Plant and Equipment(Net PPE) was $0.28 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.15 Mil.
Selling, General, & Admin. Expense(SGA) was $1.06 Mil.
Total Current Liabilities was $1.58 Mil.
Long-Term Debt & Capital Lease Obligation was $0.15 Mil.
Net Income was $1.02 Mil.
Gross Profit was $0.07 Mil.
Cash Flow from Operations was $1.54 Mil.
 Total Receivables was $0.49 Mil.
Revenue was $4.37 Mil.
Gross Profit was $2.12 Mil.
Total Current Assets was $2.57 Mil.
Total Assets was $2.68 Mil.
Property, Plant and Equipment(Net PPE) was $0.10 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.11 Mil.
Selling, General, & Admin. Expense(SGA) was $1.06 Mil.
Total Current Liabilities was $1.50 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 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)
=(0.346 / 4.889) / (0.489 / 4.369)
=0.070771 / 0.111925
=0.6323

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)
=(2.117 / 4.369) / (2.14 / 4.889)
=0.48455 / 0.437717
=1.107

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 - (2.874 + 0.283) / 3.91) / (1 - (2.565 + 0.099) / 2.676)
=0.192583 / 0.004484
=42.9489

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
=4.889 / 4.369
=1.119

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))
=(0.105 / (0.105 + 0.099)) / (0.149 / (0.149 + 0.283))
=0.514706 / 0.344907
=1.4923

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)
=(1.06 / 4.889) / (1.06 / 4.369)
=0.216813 / 0.242618
=0.8936

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)
=((0.148 + 1.575) / 3.91) / ((0.024 + 1.504) / 2.676)
=0.440665 / 0.571001
=0.7717

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
=(1.022 - 0.072 - 1.538) / 3.91
=-0.150384

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.

Acco Group Holdings has a M-score of 13.74 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 13.74 mean?
Acco Group Holdings (ACCL) has a Beneish M-Score of 13.74 as of Jul. 16, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Acco Group Holdings and its competitors. This is near median its historical median of 13.74. Over the past decade, Acco Group Holdings' Beneish M-Score has ranged from 13.74 to 13.74. According to the industry distribution chart, Acco Group Holdings ranks #1012 out of 1020 companies in the Business Services industry, placing it in the top 99.2%.
Is Acco Group Holdings' Beneish M-Score too high?
Acco Group Holdings' current Beneish M-Score of 13.74 is near median its 10-year median of 13.74. Over the past 10 years, this metric has ranged from a low of 13.74 to a high of 13.74. Based on the distribution chart, Acco Group Holdings ranks #1012 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Acco Group Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Acco Group Holdings' Beneish M-Score compare to FOFO and DGNX?
According to the Business Services industry distribution chart, Acco Group Holdings ranks #1012 out of 1020 companies for Beneish M-Score. This places Acco Group Holdings in the lower half of its industry. Historically, Acco Group Holdings' own Beneish M-Score has ranged from 13.74 to 13.74 over the past decade. 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Acco Group Holdings and its competitors. Acco Group Holdings's current Beneish M-Score is 13.74, which is near median its own 10-year median of 13.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acco Group Holdings stock overvalued right now?
Acco Group Holdings (ACCL) has a current Beneish M-Score of 13.74. The current Beneish M-Score is 13.74, which is near median its 10-year median of 13.74. Acco Group Holdings' overall GF Score™ is 24/100 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 Acco Group Holdings (ACCL), the current Beneish M-Score is 13.74 as of Jul. 16, 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.

Acco Group Holdings Business Description

Address 181 Queen’s Road Central, Unit 2406, 24th Floor Low Block, Grand Millennium Plaza, Hong Kong, HKG
Acco Group Holdings Ltd is a holding company. Through its Operating Subsidiaries, it is a multi-disciplinary, IT-driven corporate service provider with a presence in Hong Kong and Singapore. Under the Accolade brand, it specializes in offering corporate secretarial services and accounting services in Hong Kong, as well as intellectual properties (IP) registration services in Singapore. Leveraging developed IT solutions, It provides comprehensive, reliable and professional support to its clients, enabling them to focus on their core business activities while it manages and handles their corporate compliance needs. Its clientele ranges from individual clients, small and medium-sized enterprises to multinational corporations, reflecting its ability to cater to diverse business needs.
24GF Score

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

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