360 Capital Group (ASX:TGP) Beneish M-Score: -1.57 (As of Jun. 24, 2026)

What is 360 Capital Group Beneish M-Score?

360 Capital Group ASX:TGP 46 Beneish M-Score is -1.57 as of Jun. 24, 2026. GuruFocus rates ASX:TGP with a GF Score™ of 46/100 and a GF Value™ of A$2.15. The stock has 4 warning signs investors should review.

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 -1.57 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for 360 Capital Group's Beneish M-Score or its related term are showing as below:

ASX:TGP' s Beneish M-Score Range Over the Past 10 Years
Min: -4.73 Med: -2.69 Max: 12.22
Current: -1.57

During the past 13 years, the highest Beneish M-Score of 360 Capital Group was 12.22. The lowest was -4.73. And the median was -2.69.

360 Capital Group Beneish M-Score Related Terms

360 Capital Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for 360 Capital 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.

360 Capital Group Beneish M-Score Chart

360 Capital Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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-2.63

-4.73

-1.19

-3.61

-1.57

360 Capital Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25
Beneish M-Score	Get a 7-Day Free Trial															-1.19	0.00	-3.61	0.00	-1.57

ASX:TGP vs CBRE, CSGP, BEKE: Beneish M-Score Comparison

For the Real Estate Services subindustry, 360 Capital 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.

360 Capital Group Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, 360 Capital Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where 360 Capital Group's Beneish M-Score falls into.

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46GF Score

360 Capital Group ASX:TGP

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

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360 Capital 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 360 Capital Group 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 * 0.9982

0.528 * 1.0654

0.404 * 1.0618

0.892 * 1.9698

0.115 * 1.1835

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.6886

4.679 * -0.017944

0.327 * 1.0222

-1.57

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was A$0.64 Mil.
Revenue was A$14.49 Mil.
Gross Profit was A$11.50 Mil.
Total Current Assets was A$100.26 Mil.
Total Assets was A$310.58 Mil.
Property, Plant and Equipment(Net PPE) was A$0.37 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.24 Mil.
Selling, General, & Admin. Expense(SGA) was A$6.65 Mil.
Total Current Liabilities was A$8.61 Mil.
Long-Term Debt & Capital Lease Obligation was A$71.96 Mil.
Net Income was A$4.78 Mil.
Gross Profit was A$0.40 Mil.
Cash Flow from Operations was A$9.96 Mil.

Total Receivables was A$0.33 Mil.
Revenue was A$7.36 Mil.
Gross Profit was A$6.22 Mil.
Total Current Assets was A$118.82 Mil.
Total Assets was A$328.70 Mil.
Property, Plant and Equipment(Net PPE) was A$0.61 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.54 Mil.
Selling, General, & Admin. Expense(SGA) was A$4.90 Mil.
Total Current Liabilities was A$9.18 Mil.
Long-Term Debt & Capital Lease Obligation was A$74.23 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)
	=	(0.643 / 14.494)	/	(0.327 / 7.358)
	=	0.044363	/	0.044441
	=	0.9982

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)
	=	(6.221 / 7.358)	/	(11.502 / 14.494)
	=	0.845474	/	0.79357
	=	1.0654

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 - (100.26 + 0.371) / 310.582)	/	(1 - (118.818 + 0.61) / 328.701)
	=	0.675992	/	0.636667
	=	1.0618

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
	=	14.494	/	7.358
	=	1.9698

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))
	=	(0.54 / (0.54 + 0.61))	/	(0.244 / (0.244 + 0.371))
	=	0.469565	/	0.396748
	=	1.1835

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)
	=	(6.649 / 14.494)	/	(4.902 / 7.358)
	=	0.458742	/	0.666214
	=	0.6886

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)
	=	((71.957 + 8.608) / 310.582)	/	((74.228 + 9.183) / 328.701)
	=	0.2594	/	0.253759
	=	1.0222

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
	=	(4.781 - 0.395	-	9.959)	/	310.582
	=	-0.017944

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.

360 Capital Group has a M-score of -1.57 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 -1.57 mean?

360 Capital Group (ASX:TGP) has a Beneish M-Score of -1.57 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on 360 Capital Group and its competitors.

Is 360 Capital Group's Beneish M-Score too high?

360 Capital Group's current Beneish M-Score is -1.57. Overall, 360 Capital Group has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.

How does 360 Capital Group's Beneish M-Score compare to CBRE and CSGP?

360 Capital Group's Beneish M-Score of -1.57 can be compared against companies in the Real Estate 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 360 Capital Group and its competitors. 360 Capital Group's current Beneish M-Score is -1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is 360 Capital Group stock overvalued right now?

360 Capital Group (ASX:TGP) has a current Beneish M-Score of -1.57. The stock's GF Value™ is A$2.15, compared to a current price of A$0.30 — trading 86% below its estimated fair value. The current Beneish M-Score is -1.57. 360 Capital Group's overall GF Score™ is 46/100 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 360 Capital Group (ASX:TGP), the current Beneish M-Score is -1.57 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.

Is 360 Capital Group (ASX:TGP) Overvalued in 2026?

Based on GuruFocus' analysis, 360 Capital Group stock appears to be undervalued. The current stock price of A$0.30 is trading 86% below its estimated GF Value™ of A$2.15.

Key valuation signals for ASX:TGP:

Beneish M-Score: -1.57
GF Value™: A$2.15 vs. price of A$0.30 (86% below fair value)
GF Score™: 46/100 with 4 warning signs

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

360 Capital Group Business Description

Industry Real Estate Real Estate

Comparable Companies ASX:EGH ASX:LED ASX:GDF ASX:WOT ASX:SSL ASX:DGH ASX:GDI ASX:FBR ASX:ACU ASX:AU1 STC:VIC CBRE TSE:8830 XTER:VNA XMAD:CLNX CSGP BEKE HKSE:01972 XTAE:AZRG ADX:MODON

Address 1 Macquarie Place, Suite 3701, Level 37, Sydney, NSW, AUS, 2000

Website https://www.360capital.com.au

360 Capital Group is an investment and funds management group, focused on strategic and active investment management of real estate assets. The Group operates in Australia, investing across real estate equity and credit opportunities. Its operating segments are Real Estate Equity and Real Estate Credit.

46GF Score

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

A$0.30

Price

A$2.15

GF Value

View ASX:TGP Analysis

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