Autosports Group (ASX:ASG) Beneish M-Score: -2.65 (As of Jul. 14, 2026)

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ASX:ASG Autosports Group Ltd ASX:ASG
71 GF Score
Price A$1.60
GF Value A$3.23
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Autosports Group Beneish M-Score?

Autosports Group ASX:ASG -1.54% 71 Beneish M-Score is -2.65 as of Jul. 14, 2026. GuruFocus rates ASX:ASG with a GF Score™ of 71/100 and a GF Value™ of A$3.23 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,275 Vehicles & Parts companies, Autosports Group ranks better than 60.16% 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.

Good Sign:

Beneish M-Score -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:ASG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.18   Med: -2.84   Max: -2.51
Current: -2.65

During the past 8 years, the highest Beneish M-Score of Autosports Group was -2.51. The lowest was -3.18. And the median was -2.84.


Autosports Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Autosports 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.

Autosports Group Beneish M-Score Chart

Autosports Group Annual Data
Trend Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial -2.98 -3.18 -2.51 -2.69 -2.65

Autosports Group Semi-Annual Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -2.69 0.00 -2.65 0.00

ASX:ASG vs CVNA, PAG, ALTB: Beneish M-Score Comparison

For the Auto & Truck Dealerships subindustry, Autosports 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.


Autosports Group Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Autosports Group's Beneish M-Score distribution charts can be found below:

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


ASX:ASG
71GF Score
Autosports Group Ltd ASX:ASG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Autosports 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 Autosports 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 * 1.118+0.528 * 1.09+0.404 * 0.9977+0.892 * 1.0832+0.115 * 0.9612
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0257+4.679 * -0.081035-0.327 * 1.0251
=-2.65

* 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 A$128 Mil.
Revenue was A$2,797 Mil.
Gross Profit was A$447 Mil.
Total Current Assets was A$725 Mil.
Total Assets was A$1,886 Mil.
Property, Plant and Equipment(Net PPE) was A$541 Mil.
Depreciation, Depletion and Amortization(DDA) was A$66 Mil.
Selling, General, & Admin. Expense(SGA) was A$237 Mil.
Total Current Liabilities was A$926 Mil.
Long-Term Debt & Capital Lease Obligation was A$451 Mil.
Net Income was A$33 Mil.
Gross Profit was A$70 Mil.
Cash Flow from Operations was A$116 Mil.
Total Receivables was A$105 Mil.
Revenue was A$2,582 Mil.
Gross Profit was A$450 Mil.
Total Current Assets was A$652 Mil.
Total Assets was A$1,728 Mil.
Property, Plant and Equipment(Net PPE) was A$507 Mil.
Depreciation, Depletion and Amortization(DDA) was A$59 Mil.
Selling, General, & Admin. Expense(SGA) was A$213 Mil.
Total Current Liabilities was A$860 Mil.
Long-Term Debt & Capital Lease Obligation was A$372 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)
=(127.565 / 2796.747) / (105.337 / 2581.945)
=0.045612 / 0.040798
=1.118

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)
=(450.09 / 2581.945) / (447.261 / 2796.747)
=0.174322 / 0.159922
=1.09

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 - (724.966 + 540.67) / 1885.578) / (1 - (651.657 + 507.148) / 1728.385)
=0.328781 / 0.329545
=0.9977

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
=2796.747 / 2581.945
=1.0832

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))
=(59.36 / (59.36 + 507.148)) / (66.152 / (66.152 + 540.67))
=0.104782 / 0.109014
=0.9612

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)
=(236.54 / 2796.747) / (212.905 / 2581.945)
=0.084577 / 0.082459
=1.0257

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)
=((450.9 + 926.057) / 1885.578) / ((371.511 + 859.722) / 1728.385)
=0.730257 / 0.71236
=1.0251

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
=(32.859 - 69.78 - 115.877) / 1885.578
=-0.081035

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.

Autosports Group has a M-score of -2.65 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 -2.65 mean?
Autosports Group (ASX:ASG) has a Beneish M-Score of -2.65 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Autosports Group and its competitors. According to the industry distribution chart, Autosports Group ranks #508 out of 1275 companies in the Vehicles & Parts industry, placing it in the top 39.8%.
Is Autosports Group's Beneish M-Score too high?
Autosports Group's current Beneish M-Score is -2.65. Based on the distribution chart, Autosports Group ranks #508 out of 1275 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Autosports Group has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Autosports Group's Beneish M-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Autosports Group ranks #508 out of 1275 companies for Beneish M-Score. This puts Autosports Group in the upper 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Autosports Group and its competitors. Autosports Group's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Autosports Group stock overvalued right now?
Based on GuruFocus' analysis, Autosports Group (ASX:ASG) is currently considered Possible Value Trap. The stock's GF Value™ is A$3.23, compared to a current price of A$1.60 — trading 50.6% below its estimated fair value. The current Beneish M-Score is -2.65. Autosports Group's overall GF Score™ is 71/100 with 7 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 Autosports Group (ASX:ASG), the current Beneish M-Score is -2.65 as of Jul. 14, 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 Autosports Group (ASX:ASG) Overvalued in 2026?

Based on GuruFocus' analysis, Autosports Group stock appears to be undervalued. The current stock price of A$1.60 is trading 50.6% below its estimated GF Value™ of A$3.23. GuruFocus considers Autosports Group to be Possible Value Trap.

Key valuation signals for ASX:ASG:

  • Beneish M-Score: -2.65
  • GF Value™: A$3.23 vs. price of A$1.60 (50.6% below fair value)
  • GF Score™: 71/100 with 7 warning signs

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


Autosports Group Business Description

Address 555 Parramatta Road, Leichhardt, Sydney, NSW, AUS, 2040
Autosports Group Ltd operates in the retail automotive industry. The core business focuses on the sale of new and used motor vehicles, distribution of finance and insurance products on behalf of retail financiers and automotive insurers. In addition, the company is involved in the sale of aftermarket products and spare parts, motor vehicle servicing and collision repair services. It generates maximum revenue from New and demonstrator vehicles followed by Used vehicles and others. Geographically the group operates in Australia and New Zealand, where the majority revenue is generated from Australia.
71GF Score

Get the complete analysis for ASX:ASG

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

A$1.60
Price
A$3.23
GF Value