Galaxy Cosmos Mezz (ATH:GCMEZZ) Beneish M-Score: -5.55 (As of Jul. 08, 2026)


ATH:GCMEZZ Galaxy Cosmos Mezz PLC ATH:GCMEZZ
44 GF Score
Price €0.28
GF Value €0.24
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Galaxy Cosmos Mezz Beneish M-Score?

Galaxy Cosmos Mezz ATH:GCMEZZ +2.74% 44 Beneish M-Score is -5.55 as of Jul. 08, 2026. GuruFocus rates ATH:GCMEZZ with a GF Score™ of 44/100 and a GF Value™ of €0.24 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 953 Asset Management companies, Galaxy Cosmos Mezz ranks better than 96.96% 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 -5.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ATH:GCMEZZ' s Beneish M-Score Range Over the Past 10 Years
Min: -7.19   Med: -6.37   Max: -5.55
Current: -5.55

During the past 4 years, the highest Beneish M-Score of Galaxy Cosmos Mezz was -5.55. The lowest was -7.19. And the median was -6.37.

Galaxy Cosmos Mezz Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Galaxy Cosmos Mezz'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.

Galaxy Cosmos Mezz Beneish M-Score Chart

Galaxy Cosmos Mezz Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -7.19 -5.55

Galaxy Cosmos Mezz Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -7.19 0.00 -5.55

ATH:GCMEZZ vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, Galaxy Cosmos Mezz'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.

Galaxy Cosmos Mezz Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Galaxy Cosmos Mezz's Beneish M-Score distribution charts can be found below:

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


ATH:GCMEZZ
44GF Score
Galaxy Cosmos Mezz PLC ATH:GCMEZZ
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galaxy Cosmos Mezz 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 Galaxy Cosmos Mezz 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 * 0+0.528 * 1+0.404 * 0.8363+0.892 * 0.3747+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 3.2358+4.679 * -0.19888-0.327 * 1.6456
=-5.55

* 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 €0.00 Mil.
Revenue was €0.83 Mil.
Gross Profit was €0.83 Mil.
Total Current Assets was €5.11 Mil.
Total Assets was €9.47 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €0.35 Mil.
Total Current Liabilities was €0.15 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €2.34 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €4.22 Mil.
 Total Receivables was €0.01 Mil.
Revenue was €2.21 Mil.
Gross Profit was €2.21 Mil.
Total Current Assets was €5.14 Mil.
Total Assets was €11.43 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €0.29 Mil.
Total Current Liabilities was €0.11 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 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 / 0.828) / (0.006 / 2.21)
=0 / 0.002715
=0

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)
=(2.21 / 2.21) / (0.828 / 0.828)
=1 / 1
=1

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 - (5.107 + 0) / 9.468) / (1 - (5.136 + 0) / 11.433)
=0.460604 / 0.550774
=0.8363

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
=0.828 / 2.21
=0.3747

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 / (0 + 0)) / (0 / (0 + 0))
= /
=1

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)
=(0.354 / 0.828) / (0.292 / 2.21)
=0.427536 / 0.132127
=3.2358

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)
=((0 + 0.154) / 9.468) / ((0 + 0.113) / 11.433)
=0.016265 / 0.009884
=1.6456

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
=(2.34 - 0 - 4.223) / 9.468
=-0.19888

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.

Galaxy Cosmos Mezz has a M-score of -5.55 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 -5.55 mean?
Galaxy Cosmos Mezz (ATH:GCMEZZ) has a Beneish M-Score of -5.55 as of Jul. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Galaxy Cosmos Mezz and its competitors. According to the industry distribution chart, Galaxy Cosmos Mezz ranks #29 out of 953 companies in the Asset Management industry, placing it in the top 3%.
Is Galaxy Cosmos Mezz's Beneish M-Score too high?
Galaxy Cosmos Mezz's current Beneish M-Score is -5.55. Based on the distribution chart, Galaxy Cosmos Mezz ranks #29 out of 953 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Galaxy Cosmos Mezz has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Galaxy Cosmos Mezz's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Galaxy Cosmos Mezz ranks #29 out of 953 companies for Beneish M-Score. This places Galaxy Cosmos Mezz in the top 3% of its industry — outperforming the majority of peers. 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Galaxy Cosmos Mezz and its competitors. Galaxy Cosmos Mezz's current Beneish M-Score is -5.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galaxy Cosmos Mezz stock overvalued right now?
Based on GuruFocus' analysis, Galaxy Cosmos Mezz (ATH:GCMEZZ) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.24, compared to a current price of €0.28 — trading 17.3% above its estimated fair value. The current Beneish M-Score is -5.55. Galaxy Cosmos Mezz's overall GF Score™ is 44/100 with 1 warning sign 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 Galaxy Cosmos Mezz (ATH:GCMEZZ), the current Beneish M-Score is -5.55 as of Jul. 08, 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 Galaxy Cosmos Mezz (ATH:GCMEZZ) Overvalued in 2026?

Based on GuruFocus' analysis, Galaxy Cosmos Mezz stock appears to be overvalued. The current stock price of €0.28 is trading 17.3% above its estimated GF Value™ of €0.24. GuruFocus considers Galaxy Cosmos Mezz to be Modestly Overvalued.

Key valuation signals for ATH:GCMEZZ:

  • Beneish M-Score: -5.55
  • GF Value™: €0.24 vs. price of €0.28 (17.3% above fair value)
  • GF Score™: 44/100 with 1 warning sign

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

Galaxy Cosmos Mezz Business Description

Address 33 Vassilissis Freiderikis, Palais D’Ivoire House, 2nd floor, Nicosia, CYP, 1066
Galaxy Cosmos Mezz PLC is holding and managing part of the Mezzanine and Junior Notes issued in the context of Galaxy and Cosmos securitization of loans originated by Alpha Bank SA. The Company's objectives in managing capital are to safeguard the Company's ability to continue as a going concern in order to provide returns for shareholders and to maintain an optimal capital structure to reduce the cost of capital.
44GF Score

Get the complete analysis for ATH:GCMEZZ

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

€0.28
Price
€0.24
GF Value