Abacus Storage King (ASX:ASK) Beneish M-Score: -1.88 (As of Jun. 27, 2026)


ASX:ASK Abacus Storage King ASX:ASK
41 GF Score
Price A$1.37
GF Value A$1.53
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Abacus Storage King Beneish M-Score?

Abacus Storage King ASX:ASK -0.36% 41 Beneish M-Score is -1.88 as of Jun. 27, 2026. GuruFocus rates ASX:ASK with a GF Score™ of 41/100 and a GF Value™ of A$1.53 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 764 REITs companies, Abacus Storage King ranks worse than 82.07% 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 -1.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:ASK' s Beneish M-Score Range Over the Past 10 Years
Min: -1.88   Med: -1.2   Max: -0.51
Current: -1.88

During the past 4 years, the highest Beneish M-Score of Abacus Storage King was -0.51. The lowest was -1.88. And the median was -1.20.

Abacus Storage King Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Abacus Storage King'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.

Abacus Storage King Beneish M-Score Chart

Abacus Storage King Annual Data
Trend Jun21 Jun22 Jun24 Jun25
Beneish M-Score
0.00 0.00 -0.51 -1.88

Abacus Storage King Semi-Annual Data
Jun21 Jun22 Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 -0.51 0.00 -1.88 0.00

ASX:ASK vs PLD, PSA, EXR: Beneish M-Score Comparison

For the REIT - Industrial subindustry, Abacus Storage King'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.

Abacus Storage King Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Abacus Storage King's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Abacus Storage King's Beneish M-Score falls into.


ASX:ASK
41GF Score
Abacus Storage King ASX:ASK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Abacus Storage King 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 Abacus Storage King 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 * 1.5595+0.528 * 1.0242+0.404 * 1.0246+0.892 * 1.1179+0.115 * 0.9224
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0627+4.679 * -0.001909-0.327 * 1.0287
=-1.88

* 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$37.4 Mil.
Revenue was A$246.5 Mil.
Gross Profit was A$182.5 Mil.
Total Current Assets was A$167.6 Mil.
Total Assets was A$3,614.0 Mil.
Property, Plant and Equipment(Net PPE) was A$32.9 Mil.
Depreciation, Depletion and Amortization(DDA) was A$5.2 Mil.
Selling, General, & Admin. Expense(SGA) was A$55.3 Mil.
Total Current Liabilities was A$95.7 Mil.
Long-Term Debt & Capital Lease Obligation was A$1,145.9 Mil.
Net Income was A$289.0 Mil.
Gross Profit was A$207.2 Mil.
Cash Flow from Operations was A$88.7 Mil.
 Total Receivables was A$21.4 Mil.
Revenue was A$220.5 Mil.
Gross Profit was A$167.2 Mil.
Total Current Assets was A$220.3 Mil.
Total Assets was A$3,231.6 Mil.
Property, Plant and Equipment(Net PPE) was A$32.2 Mil.
Depreciation, Depletion and Amortization(DDA) was A$4.7 Mil.
Selling, General, & Admin. Expense(SGA) was A$46.6 Mil.
Total Current Liabilities was A$84.9 Mil.
Long-Term Debt & Capital Lease Obligation was A$994.3 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)
=(37.388 / 246.457) / (21.446 / 220.466)
=0.151702 / 0.097276
=1.5595

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)
=(167.175 / 220.466) / (182.467 / 246.457)
=0.75828 / 0.74036
=1.0242

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 - (167.568 + 32.875) / 3613.993) / (1 - (220.296 + 32.185) / 3231.563)
=0.944537 / 0.92187
=1.0246

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
=246.457 / 220.466
=1.1179

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))
=(4.673 / (4.673 + 32.185)) / (5.239 / (5.239 + 32.875))
=0.126784 / 0.137456
=0.9224

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)
=(55.319 / 246.457) / (46.566 / 220.466)
=0.224457 / 0.211216
=1.0627

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)
=((1145.869 + 95.677) / 3613.993) / ((994.252 + 84.92) / 3231.563)
=0.343539 / 0.333947
=1.0287

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
=(289.045 - 207.212 - 88.733) / 3613.993
=-0.001909

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.

Abacus Storage King has a M-score of -1.88 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 -1.88 mean?
Abacus Storage King (ASX:ASK) has a Beneish M-Score of -1.88 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Abacus Storage King and its competitors. According to the industry distribution chart, Abacus Storage King ranks #627 out of 764 companies in the REITs industry, placing it in the top 82.1%.
Is Abacus Storage King's Beneish M-Score too high?
Abacus Storage King's current Beneish M-Score is -1.88. Based on the distribution chart, Abacus Storage King ranks #627 out of 764 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Abacus Storage King has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Abacus Storage King's Beneish M-Score compare to PLD and PSA?
According to the REITs industry distribution chart, Abacus Storage King ranks #627 out of 764 companies for Beneish M-Score. This places Abacus Storage King 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Abacus Storage King and its competitors. Abacus Storage King's current Beneish M-Score is -1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abacus Storage King stock overvalued right now?
Based on GuruFocus' analysis, Abacus Storage King (ASX:ASK) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.53, compared to a current price of A$1.37 — trading 10.5% below its estimated fair value. The current Beneish M-Score is -1.88. Abacus Storage King's overall GF Score™ is 41/100 with 4 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 Abacus Storage King (ASX:ASK), the current Beneish M-Score is -1.88 as of Jun. 27, 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 Abacus Storage King (ASX:ASK) Overvalued in 2026?

Based on GuruFocus' analysis, Abacus Storage King stock appears to be undervalued. The current stock price of A$1.37 is trading 10.5% below its estimated GF Value™ of A$1.53. GuruFocus considers Abacus Storage King to be Modestly Undervalued.

Key valuation signals for ASX:ASK:

  • Beneish M-Score: -1.88
  • GF Value™: A$1.53 vs. price of A$1.37 (10.5% below fair value)
  • GF Score™: 41/100 with 4 warning signs

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

Abacus Storage King Business Description

Industry Real EstateREITs
Address 77 Castlereagh Street, Level 13, Sydney, NSW, AUS, 2000
Abacus Storage King is a self-storage REIT. It owns, operates, and manages a self-storage operating platform and an investment portfolio comprising self-storage properties and other investments across Australia and New Zealand.
41GF Score

Get the complete analysis for ASX:ASK

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

A$1.37
Price
A$1.53
GF Value