Gemlife Communities Group (ASX:GLF) Beneish M-Score: -1.38 (As of Jun. 24, 2026)


ASX:GLF Gemlife Communities Group ASX:GLF
18 GF Score
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What is Gemlife Communities Group Beneish M-Score?

Gemlife Communities Group ASX:GLF -1.93% 18 Beneish M-Score is -1.38 as of Jun. 24, 2026. GuruFocus rates ASX:GLF with a GF Score™ of 18/100. The stock has 7 warning signs investors should review. Among 1,681 Real Estate companies, Gemlife Communities Group ranks worse than 81.14% 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.

Warning Sign:

Beneish M-Score -1.38 higher than -1.78, which implies that the company might have manipulated its financial results.

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

ASX:GLF' s Beneish M-Score Range Over the Past 10 Years
Min: -1.38   Med: -1.38   Max: -1.38
Current: -1.38

During the past 4 years, the highest Beneish M-Score of Gemlife Communities Group was -1.38. The lowest was -1.38. And the median was -1.38.

Gemlife Communities Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Gemlife Communities 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.

Gemlife Communities Group Beneish M-Score Chart

Gemlife Communities Group Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 -1.38

Gemlife Communities Group Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 0.00 -1.38

Gemlife Communities Group Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Gemlife Communities 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.

Gemlife Communities Group Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Gemlife Communities Group's Beneish M-Score distribution charts can be found below:

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


ASX:GLF
18GF Score
Gemlife Communities Group ASX:GLF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Gemlife Communities 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 Gemlife Communities 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 * 2.1922+0.528 * 0.9603+0.404 * 1.0169+0.892 * 1.0542+0.115 * 1.3738
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.9537+4.679 * 0.028873-0.327 * 1.1412
=-1.38

* 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 A$19.0 Mil.
Revenue was A$280.7 Mil.
Gross Profit was A$143.6 Mil.
Total Current Assets was A$143.8 Mil.
Total Assets was A$1,578.0 Mil.
Property, Plant and Equipment(Net PPE) was A$38.8 Mil.
Depreciation, Depletion and Amortization(DDA) was A$5.2 Mil.
Selling, General, & Admin. Expense(SGA) was A$51.1 Mil.
Total Current Liabilities was A$87.0 Mil.
Long-Term Debt & Capital Lease Obligation was A$464.2 Mil.
Net Income was A$48.2 Mil.
Gross Profit was A$-13.1 Mil.
Cash Flow from Operations was A$15.7 Mil.
 Total Receivables was A$8.2 Mil.
Revenue was A$266.3 Mil.
Gross Profit was A$130.8 Mil.
Total Current Assets was A$152.0 Mil.
Total Assets was A$1,376.7 Mil.
Property, Plant and Equipment(Net PPE) was A$27.6 Mil.
Depreciation, Depletion and Amortization(DDA) was A$5.3 Mil.
Selling, General, & Admin. Expense(SGA) was A$24.8 Mil.
Total Current Liabilities was A$58.9 Mil.
Long-Term Debt & Capital Lease Obligation was A$362.5 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)
=(18.95 / 280.728) / (8.2 / 266.3)
=0.067503 / 0.030792
=2.1922

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)
=(130.8 / 266.3) / (143.591 / 280.728)
=0.491175 / 0.511495
=0.9603

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 - (143.798 + 38.814) / 1577.978) / (1 - (152 + 27.6) / 1376.7)
=0.884275 / 0.869543
=1.0169

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
=280.728 / 266.3
=1.0542

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))
=(5.3 / (5.3 + 27.6)) / (5.156 / (5.156 + 38.814))
=0.161094 / 0.117262
=1.3738

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)
=(51.078 / 280.728) / (24.8 / 266.3)
=0.181948 / 0.093128
=1.9537

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)
=((464.241 + 86.959) / 1577.978) / ((362.5 + 58.9) / 1376.7)
=0.349308 / 0.306094
=1.1412

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
=(48.161 - -13.136 - 15.736) / 1577.978
=0.028873

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.

Gemlife Communities Group has a M-score of -1.38 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 -1.38 mean?
Gemlife Communities Group (ASX:GLF) has a Beneish M-Score of -1.38 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Gemlife Communities Group and its competitors. According to the industry distribution chart, Gemlife Communities Group ranks #1364 out of 1681 companies in the Real Estate industry, placing it in the top 81.1%.
Is Gemlife Communities Group's Beneish M-Score too high?
Gemlife Communities Group's current Beneish M-Score is -1.38. Based on the distribution chart, Gemlife Communities Group ranks #1364 out of 1681 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Gemlife Communities Group has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Gemlife Communities Group's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Gemlife Communities Group ranks #1364 out of 1681 companies for Beneish M-Score. This places Gemlife Communities 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Gemlife Communities Group and its competitors. Gemlife Communities Group's current Beneish M-Score is -1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemlife Communities Group stock overvalued right now?
Gemlife Communities Group (ASX:GLF) has a current Beneish M-Score of -1.38. The current Beneish M-Score is -1.38. Gemlife Communities Group's overall GF Score™ is 18/100 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 Gemlife Communities Group (ASX:GLF), the current Beneish M-Score is -1.38 as of Jun. 24, 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.

Gemlife Communities Group Business Description

Address 120 Siganto Drive, Level 2, Helensvale, Gold Coast, QLD, AUS, 4212
GemLife Communities Group is a developer, builder, owner, and operator within Australia's Land Lease Community (LLC) sector. It provides premium resort-style living for homeowners aged 50 and over, designed to support a high-quality, active, and socially engaged lifestyle. GemLife focuses on delivering master-planned residential communities to senior downsizers, with homes that are low-maintenance and equipped with recreational and leisure facilities to support community-oriented living. It has two reportable segments: Development and Community Operations. Maximum revenue is generated from the Development segment, which develops the land and sells the home on behalf of the landowner. The Community Operations segment is responsible for the maintenance of the common areas of the communities.
18GF Score

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