Seek (ASX:SEK) Beneish M-Score: -2.59 (As of Jun. 25, 2026)


ASX:SEK Seek Ltd ASX:SEK
76 GF Score
Price A$12.75
GF Value A$24.92
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Seek Beneish M-Score?

Seek ASX:SEK +1.59% 76 Beneish M-Score is -2.59 as of Jun. 25, 2026. GuruFocus rates ASX:SEK with a GF Score™ of 76/100 and a GF Value™ of A$24.92 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 532 Interactive Media companies, Seek ranks worse than 53.38% 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 -2.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ASX:SEK' s Beneish M-Score Range Over the Past 10 Years
Min: -3.11   Med: -2.6   Max: 8.51
Current: -2.59

During the past 13 years, the highest Beneish M-Score of Seek was 8.51. The lowest was -3.11. And the median was -2.60.


Seek Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Seek'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.

Seek Beneish M-Score Chart

Seek Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.51 -2.73 -2.01 -2.87 -2.59

Seek 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 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 Premium Member Only Premium Member Only Premium Member Only 0.00 -2.87 0.00 -2.59 0.00

ASX:SEK vs GOOGL, META, SPOT: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Seek'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.


Seek Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Seek's Beneish M-Score distribution charts can be found below:

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


ASX:SEK
76GF Score
Seek Ltd ASX:SEK
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seek 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 Seek 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 * 1.0898+0.528 * 0.9939+0.404 * 1.0194+0.892 * 1.0119+0.115 * 0.8478
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0499+4.679 * -0.043836-0.327 * 0.9293
=-2.59

* 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$127 Mil.
Revenue was A$1,097 Mil.
Gross Profit was A$1,097 Mil.
Total Current Assets was A$346 Mil.
Total Assets was A$4,766 Mil.
Property, Plant and Equipment(Net PPE) was A$180 Mil.
Depreciation, Depletion and Amortization(DDA) was A$151 Mil.
Selling, General, & Admin. Expense(SGA) was A$577 Mil.
Total Current Liabilities was A$495 Mil.
Long-Term Debt & Capital Lease Obligation was A$1,232 Mil.
Net Income was A$245 Mil.
Gross Profit was A$124 Mil.
Cash Flow from Operations was A$330 Mil.
Total Receivables was A$115 Mil.
Revenue was A$1,084 Mil.
Gross Profit was A$1,078 Mil.
Total Current Assets was A$401 Mil.
Total Assets was A$4,755 Mil.
Property, Plant and Equipment(Net PPE) was A$204 Mil.
Depreciation, Depletion and Amortization(DDA) was A$129 Mil.
Selling, General, & Admin. Expense(SGA) was A$543 Mil.
Total Current Liabilities was A$465 Mil.
Long-Term Debt & Capital Lease Obligation was A$1,389 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)
=(126.6 / 1097) / (114.8 / 1084.1)
=0.115406 / 0.105894
=1.0898

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)
=(1077.5 / 1084.1) / (1097 / 1097)
=0.993912 / 1
=0.9939

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 - (346 + 180.3) / 4765.5) / (1 - (401.3 + 204.1) / 4754.7)
=0.88956 / 0.872673
=1.0194

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
=1097 / 1084.1
=1.0119

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))
=(128.6 / (128.6 + 204.1)) / (151.1 / (151.1 + 180.3))
=0.386534 / 0.455944
=0.8478

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)
=(576.8 / 1097) / (542.9 / 1084.1)
=0.525798 / 0.500784
=1.0499

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)
=((1232.3 + 494.7) / 4765.5) / ((1389 + 465.1) / 4754.7)
=0.362396 / 0.389951
=0.9293

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
=(245.2 - 124.1 - 330) / 4765.5
=-0.043836

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.

Seek has a M-score of -2.59 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 -2.59 mean?
Seek (ASX:SEK) has a Beneish M-Score of -2.59 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Seek and its competitors. According to the industry distribution chart, Seek ranks #284 out of 532 companies in the Interactive Media industry, placing it in the top 53.4%.
Is Seek's Beneish M-Score too high?
Seek's current Beneish M-Score is -2.59. Based on the distribution chart, Seek ranks #284 out of 532 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Seek has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Seek's Beneish M-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Seek ranks #284 out of 532 companies for Beneish M-Score. This places Seek 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 Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Seek and its competitors. Seek's current Beneish M-Score is -2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seek stock overvalued right now?
Based on GuruFocus' analysis, Seek (ASX:SEK) is currently considered Significantly Undervalued. The stock's GF Value™ is A$24.92, compared to a current price of A$12.75 — trading 48.8% below its estimated fair value. The current Beneish M-Score is -2.59. Seek's overall GF Score™ is 76/100 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 Seek (ASX:SEK), the current Beneish M-Score is -2.59 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.

Is Seek (ASX:SEK) Overvalued in 2026?

Based on GuruFocus' analysis, Seek stock appears to be undervalued. The current stock price of A$12.75 is trading 48.8% below its estimated GF Value™ of A$24.92. GuruFocus considers Seek to be Significantly Undervalued.

Key valuation signals for ASX:SEK:

  • Beneish M-Score: -2.59
  • GF Value™: A$24.92 vs. price of A$12.75 (48.8% below fair value)
  • GF Score™: 76/100 with 4 warning signs

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


Seek Business Description

Address 60 Cremorne Street, Cremorne, Melbourne, VIC, AUS, 3121
Seek is a technology company operating in the employment segment. Seek's primary business is an online marketplace for employment, www.seek.com.au, which is the largest online marketplace for employment in Australia and New Zealand. Seek also owns and operates employment listings platforms in Southeast Asia and owns a stake in an investment business in employment listings platforms and other employment-related businesses.
76GF Score

Get the complete analysis for ASX:SEK

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

A$12.75
Price
A$24.92
GF Value