ALEDY (Allied Group) Beneish M-Score: -1.16 (As of Jun. 26, 2026)


ALEDY Allied Group Ltd ALEDY
64 GF Score
Price $5.00
GF Value $8.30
! 3 Warning Signs
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What is Allied Group Beneish M-Score?

Allied Group ALEDY 64 Beneish M-Score is -1.16 as of Jun. 26, 2026. GuruFocus rates ALEDY with a GF Score™ of 64/100 and a GF Value™ of $8.30. The stock has 3 warning signs investors should review. Among 483 Credit Services companies, Allied Group ranks worse than 74.53% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -1.16 higher than -1.78, which implies that the company might have manipulated its financial results.

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

ALEDY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.14   Med: -2.47   Max: -1.16
Current: -1.16

During the past 13 years, the highest Beneish M-Score of Allied Group was -1.16. The lowest was -3.14. And the median was -2.47.

ALEDY
64GF Score
Allied Group Ltd ALEDY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Allied 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 Allied Group 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+0.528 * 1+0.404 * 0.9999+0.892 * 2.3315+0.115 * 1.064
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.4364+4.679 * -0.001276-0.327 * 0.9053
=-1.16

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $0 Mil.
Revenue was $1,939 Mil.
Gross Profit was $1,939 Mil.
Total Current Assets was $0 Mil.
Total Assets was $14,505 Mil.
Property, Plant and Equipment(Net PPE) was $500 Mil.
Depreciation, Depletion and Amortization(DDA) was $47 Mil.
Selling, General, & Admin. Expense(SGA) was $289 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $2,331 Mil.
Net Income was $286 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $304 Mil.
 Total Receivables was $0 Mil.
Revenue was $832 Mil.
Gross Profit was $832 Mil.
Total Current Assets was $0 Mil.
Total Assets was $14,660 Mil.
Property, Plant and Equipment(Net PPE) was $504 Mil.
Depreciation, Depletion and Amortization(DDA) was $50 Mil.
Selling, General, & Admin. Expense(SGA) was $284 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $2,602 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 / 1939.094) / (0 / 831.682)
=0 / 0
=1

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)
=(831.682 / 831.682) / (1939.094 / 1939.094)
=1 / 1
=1

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 + 500.129) / 14504.601) / (1 - (0 + 503.808) / 14660.033)
=0.965519 / 0.965634
=0.9999

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
=1939.094 / 831.682
=2.3315

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))
=(50.416 / (50.416 + 503.808)) / (46.756 / (46.756 + 500.129))
=0.090967 / 0.085495
=1.064

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)
=(289.096 / 1939.094) / (284.161 / 831.682)
=0.149088 / 0.34167
=0.4364

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)
=((2330.737 + 0) / 14504.601) / ((2602.04 + 0) / 14660.033)
=0.160689 / 0.177492
=0.9053

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
=(285.845 - 0 - 304.352) / 14504.601
=-0.001276

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.

Allied Group has a M-score of -1.16 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 -1.16 mean?
Allied Group (ALEDY) has a Beneish M-Score of -1.16 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Allied Group and its competitors. According to the industry distribution chart, Allied Group ranks #360 out of 483 companies in the Credit Services industry, placing it in the top 74.5%.
Is Allied Group's Beneish M-Score too high?
Allied Group's current Beneish M-Score is -1.16. Based on the distribution chart, Allied Group ranks #360 out of 483 companies in the Credit Services industry, which is below the industry midpoint. Overall, Allied Group has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Allied Group's Beneish M-Score compare to V and MA?
According to the Credit Services industry distribution chart, Allied Group ranks #360 out of 483 companies for Beneish M-Score. This places Allied 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 Credit Services company?
A good Beneish M-Score depends on the Credit 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 Allied Group and its competitors. Allied Group's current Beneish M-Score is -1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allied Group stock overvalued right now?
Allied Group (ALEDY) has a current Beneish M-Score of -1.16. The stock's GF Value™ is $8.30, compared to a current price of $5.00 — trading 39.8% below its estimated fair value. The current Beneish M-Score is -1.16. Allied Group'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 Allied Group (ALEDY), the current Beneish M-Score is -1.16 as of Jun. 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 Allied Group (ALEDY) Overvalued in 2026?

Based on GuruFocus' analysis, Allied Group stock appears to be undervalued. The current stock price of $5.00 is trading 39.8% below its estimated GF Value™ of $8.30.

Key valuation signals for ALEDY:

  • Beneish M-Score: -1.16
  • GF Value™: $8.30 vs. price of $5.00 (39.8% below fair value)
  • GF Score™: 64/100 with 3 warning signs

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

Allied Group Business Description

Other Exchanges 00373:Hong Kong
Address 138 Gloucester Road, 22nd Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG
Allied Group Ltd is a Hong Kong-based investment holding company. Its operating segments are Investment and finance which includes investment and provision of mortgage loan and term loan financing; the Consumer finance segment includes the provision of consumer, SME, and other financing; Property development includes the business of development of properties; Property investment includes property rental and hotel operations managed by third parties; Property management includes the provision of property management, cleaning and security guarding services; Elderly care services include the provision of elderly care services; Healthcare services consists of operation of hospitals; and the Corporate and other operations segment. Key revenue for the company is derived from PRC.
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.

$5.00
Price
$8.30
GF Value