ALLGF (Allego NV) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is Allego NV Beneish M-Score?

Allego NV ALLGF -92.67% 16 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates ALLGF with a GF Score™ of 16/100.

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 Allego NV's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of Allego NV was 0.00. The lowest was 0.00. And the median was 0.00.

Allego NV Beneish M-Score Related Terms

Allego NV Beneish M-Score Historical Data

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The historical data trend for Allego NV'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.

Allego NV Beneish M-Score Chart

Allego NV Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

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0.00

-3.20

-3.63

Allego NV Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Dec24
Beneish M-Score	Get a 7-Day Free Trial									0.00	0.00	0.00	-3.20	-3.63

ALLGF vs LNBY, QSJC, TSCO: Beneish M-Score Comparison

For the Specialty Retail subindustry, Allego NV'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.

Allego NV Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Allego NV's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Allego NV's Beneish M-Score falls into.

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Allego NV ALLGF

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Allego NV 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 Allego NV 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 * 0.9128

0.528 * 0.5447

0.404 * 0.6823

0.892 * 0.7721

0.115 * 1.7841

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0448

4.679 * -0.111826

0.327 * 1.1689

-3.63

This Year (Dec24) TTM:

Last Year (Mar23) TTM:

Total Receivables was $49.6 Mil.
Revenue was 0 + 53.038 + 30.53 + 31.882 = $115.5 Mil.
Gross Profit was 0 + 11.268 + 5.766 + 7.687 = $24.7 Mil.
Total Current Assets was $267.4 Mil.
Total Assets was $686.7 Mil.
Property, Plant and Equipment(Net PPE) was $322.7 Mil.
Depreciation, Depletion and Amortization(DDA) was $26.3 Mil.
Selling, General, & Admin. Expense(SGA) was $79.4 Mil.
Total Current Liabilities was $120.9 Mil.
Long-Term Debt & Capital Lease Obligation was $640.5 Mil.
Net Income was 0 + -30.61 + -45.907 + -27.823 = $-104.3 Mil.
Non Operating Income was 0 + -22.204 + -2.409 + 2.009 = $-22.6 Mil.
Cash Flow from Operations was 0 + 1.957 + -23.475 + 16.574 = $-4.9 Mil.

Total Receivables was $70.4 Mil.
Revenue was 41.525 + 64.5 + 22.099 + 21.394 = $149.5 Mil.
Gross Profit was 14.308 + 10.101 + -4.521 + -2.45 = $17.4 Mil.
Total Current Assets was $145.9 Mil.
Total Assets was $443.8 Mil.
Property, Plant and Equipment(Net PPE) was $206.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $32.1 Mil.
Selling, General, & Admin. Expense(SGA) was $98.5 Mil.
Total Current Liabilities was $82.2 Mil.
Long-Term Debt & Capital Lease Obligation was $338.9 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)
	=	(49.626 / 115.45)	/	(70.407 / 149.518)
	=	0.429848	/	0.470893
	=	0.9128

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)
	=	(17.438 / 149.518)	/	(24.721 / 115.45)
	=	0.116628	/	0.214127
	=	0.5447

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 - (267.441 + 322.674) / 686.707)	/	(1 - (145.868 + 206.475) / 443.845)
	=	0.14066	/	0.206158
	=	0.6823

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
	=	115.45	/	149.518
	=	0.7721

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))
	=	(32.122 / (32.122 + 206.475))	/	(26.336 / (26.336 + 322.674))
	=	0.134629	/	0.075459
	=	1.7841

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)
	=	(79.424 / 115.45)	/	(98.451 / 149.518)
	=	0.687951	/	0.658456
	=	1.0448

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)
	=	((640.529 + 120.936) / 686.707)	/	((338.88 + 82.153) / 443.845)
	=	1.108864	/	0.948604
	=	1.1689

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
	=	(-104.34 - -22.604	-	-4.944)	/	686.707
	=	-0.111826

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.

Allego NV has a M-score of -3.63 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 0.00 mean?

Allego NV (ALLGF) 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 Allego NV and its competitors.

Is Allego NV's Beneish M-Score too high?

Allego NV's current Beneish M-Score is 0.00. Overall, Allego NV has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Allego NV's Beneish M-Score compare to LNBY and QSJC?

Allego NV's Beneish M-Score of 0.00 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?

A good Beneish M-Score depends on the Retail - Cyclical 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 Allego NV and its competitors. Allego NV'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 Allego NV stock overvalued right now?

Allego NV (ALLGF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Allego NV's overall GF Score™ is 16/100. 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 Allego NV (ALLGF), 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.

Allego NV Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies LNBY QSJC TSX:ATD TSCO ULTA SHSE:601888 WSM CASY DKS BBY ADX:ADNOCDIST TPE:3045 FIVE GME XSWX:AVOL TSE:8136 MUSA ASX:JBH TSX:CTC.A ASX:HVN

Address Industriepark Kleefse Waard, Westervoortsedijk 73 KB, Arnhem, NLD, 6827 AV

Website https://www.allego.eu

Allego NV is a provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility with renewable energy. It developed a comprehensive portfolio of inventive charging infrastructure and proprietary software, including its Allamo and EV Cloud software platforms. It's a large, vehicle-agnostic European public network that offers easy access for all EV car, truck, and bus drivers.

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