Eight Capital Partners (AQSE:ECP) Beneish M-Score: 0.00 (As of Jul. 07, 2026)

What is Eight Capital Partners Beneish M-Score?

Eight Capital Partners AQSE:ECP 40 Beneish M-Score is 0.00 as of Jul. 07, 2026. GuruFocus rates AQSE:ECP with a GF Score™ of 40/100 and a GF Value™ of £0.09 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 953 Asset Management companies, Eight Capital Partners ranks worse than 104931.69% 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 Eight Capital Partners's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Eight Capital Partners was 40.26. The lowest was -1.26. And the median was 19.50.

Eight Capital Partners Beneish M-Score Related Terms

Eight Capital Partners Beneish M-Score Historical Data

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The historical data trend for Eight Capital Partners'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.

Eight Capital Partners Beneish M-Score Chart

Eight Capital Partners Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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0.00

-1.26

40.26

0.00

Eight Capital Partners Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															40.26	0.00	0.00	0.00	0.00

AQSE:ECP vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Eight Capital Partners'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.

Eight Capital Partners Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Eight Capital Partners's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Eight Capital Partners's Beneish M-Score falls into.

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40GF Score

Eight Capital Partners PLC AQSE:ECP

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

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Eight Capital Partners 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 Eight Capital Partners 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 (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was £1.10 Mil.
Revenue was £0.13 Mil.
Gross Profit was £0.09 Mil.
Total Current Assets was £2.55 Mil.
Total Assets was £36.18 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 £0.36 Mil.
Total Current Liabilities was £0.49 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £3.54 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-0.59 Mil.

Total Receivables was £0.15 Mil.
Revenue was £0.05 Mil.
Gross Profit was £0.05 Mil.
Total Current Assets was £33.30 Mil.
Total Assets was £33.30 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 £2.53 Mil.
Total Current Liabilities was £1.96 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)
	=	(1.097 / 0.125)	/	(0.153 / 0.048)
	=	8.776	/	3.1875
	=

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)
	=	(0.048 / 0.048)	/	(0.091 / 0.125)
	=	1	/	0.728
	=

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 - (2.547 + 0) / 36.182)	/	(1 - (33.295 + 0) / 33.295)
	=	0.929606	/	0
	=

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
	=	0.125	/	0.048
	=

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))
	=	(0.003 / (0.003 + 0))	/	(0 / (0 + 0))
	=	1	/
	=

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)
	=	(0.36 / 0.125)	/	(2.526 / 0.048)
	=	2.88	/	52.625
	=

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 + 0.487) / 36.182)	/	((0 + 1.962) / 33.295)
	=	0.01346	/	0.058928
	=

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
	=	(3.539 - 0	-	-0.592)	/	36.182
	=	0.114173

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?

Eight Capital Partners (AQSE:ECP) has a Beneish M-Score of 0.00 as of Jul. 07, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eight Capital Partners and its competitors. According to the industry distribution chart, Eight Capital Partners ranks #999999 out of 953 companies in the Asset Management industry.

Is Eight Capital Partners' Beneish M-Score too high?

Eight Capital Partners' current Beneish M-Score is 0.00. Based on the distribution chart, Eight Capital Partners ranks #999999 out of 953 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Eight Capital Partners has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Eight Capital Partners' Beneish M-Score compare to BLK and BX?

According to the Asset Management industry distribution chart, Eight Capital Partners ranks #999999 out of 953 companies for Beneish M-Score. This places Eight Capital Partners 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 an Asset Management company?

A good Beneish M-Score depends on the Asset Management 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 Eight Capital Partners and its competitors. Eight Capital Partners'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 Eight Capital Partners stock overvalued right now?

Based on GuruFocus' analysis, Eight Capital Partners (AQSE:ECP) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.09, compared to a current price of £0.53 — trading 483.3% above its estimated fair value. The current Beneish M-Score is 0.00. Eight Capital Partners' overall GF Score™ is 40/100 with 5 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 Eight Capital Partners (AQSE:ECP), the current Beneish M-Score is 0.00 as of Jul. 07, 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 Eight Capital Partners (AQSE:ECP) Overvalued in 2026?

Based on GuruFocus' analysis, Eight Capital Partners stock appears to be overvalued. The current stock price of £0.53 is trading 483.3% above its estimated GF Value™ of £0.09. GuruFocus considers Eight Capital Partners to be Significantly Overvalued.

Key valuation signals for AQSE:ECP:

Beneish M-Score: 0.00
GF Value™: £0.09 vs. price of £0.53 (483.3% above fair value)
GF Score™: 40/100 with 5 warning signs

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

Eight Capital Partners Business Description

Industry Financial Services Asset Management

Comparable Companies LSE:DGI9 LSE:JARA LSE:KRM LSE:RSE LSE:KR1 LSE:EGT LSE:RCOI LSE:RMII LSE:AEET LSE:DVNO BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges ECS0:Germany

Address 160 City Road, Kemp House, London, GBR, EC1V 2NX

Website https://www.eight.capital

Eight Capital Partners PLC is engaged in providing equity, debt, and equity-related investment capital, such as convertible loans, to growing companies that are seeking capital for growth and development, consolidation or acquisition, or as pre-IPO financing. It is focused on the opportunities to invest in the technology, media, telecoms, and financial services sectors.

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

£0.53

Price

£0.09

GF Value

View AQSE:ECP Analysis

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