ATOGF (AUTO1 Group) Beneish M-Score: -1.28 (As of Jun. 25, 2026)


ATOGF AUTO1 Group ATOGF
69 GF Score
Price $27.75
GF Value $18.57
Valuation Significantly Overvalued
! 5 Warning Signs
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What is AUTO1 Group Beneish M-Score?

AUTO1 Group ATOGF +0.91% 69 Beneish M-Score is -1.28 as of Jun. 25, 2026. GuruFocus rates ATOGF with a GF Score™ of 69/100 and a GF Value™ of $18.57 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,273 Vehicles & Parts companies, AUTO1 Group ranks worse than 93.95% 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 -1.28 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for AUTO1 Group's Beneish M-Score or its related term are showing as below:

ATOGF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.65   Med: -1.39   Max: 1.85
Current: -1.28

During the past 11 years, the highest Beneish M-Score of AUTO1 Group was 1.85. The lowest was -2.65. And the median was -1.39.


AUTO1 Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for AUTO1 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.

AUTO1 Group Beneish M-Score Chart

AUTO1 Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 -1.96 -2.46 -0.87 -1.28

AUTO1 Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -1.29 -1.26 -1.49 -1.28 -1.28

ATOGF vs CVNA, PAG, ALTB: Beneish M-Score Comparison

For the Auto & Truck Dealerships subindustry, AUTO1 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.


AUTO1 Group Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, AUTO1 Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where AUTO1 Group's Beneish M-Score falls into.


ATOGF
69GF Score
AUTO1 Group ATOGF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AUTO1 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 AUTO1 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 * 1.0403+0.528 * 0.9802+0.404 * 1.1756+0.892 * 1.3832+0.115 * 0.8815
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0706+4.679 * 0.178191-0.327 * 0.8867
=-1.20

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $649 Mil.
Revenue was 2817.498 + 2499.193 + 2493.892 + 2272.857 = $10,083 Mil.
Gross Profit was 334.532 + 310.817 + 302.41 + 266.651 = $1,214 Mil.
Total Current Assets was $2,721 Mil.
Total Assets was $3,527 Mil.
Property, Plant and Equipment(Net PPE) was $203 Mil.
Depreciation, Depletion and Amortization(DDA) was $67 Mil.
Selling, General, & Admin. Expense(SGA) was $268 Mil.
Total Current Liabilities was $989 Mil.
Long-Term Debt & Capital Lease Obligation was $0 Mil.
Net Income was 30.229 + 15.672 + 22.556 + 17.865 = $86 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was -49.689 + -254.71 + -83.735 + -154.062 = $-542 Mil.
Total Receivables was $451 Mil.
Revenue was 2100.478 + 1780.032 + 1775.164 + 1634.248 = $7,290 Mil.
Gross Profit was 255.528 + 210.834 + 207.677 + 186.561 = $861 Mil.
Total Current Assets was $1,966 Mil.
Total Assets was $2,511 Mil.
Property, Plant and Equipment(Net PPE) was $180 Mil.
Depreciation, Depletion and Amortization(DDA) was $51 Mil.
Selling, General, & Admin. Expense(SGA) was $181 Mil.
Total Current Liabilities was $794 Mil.
Long-Term Debt & Capital Lease Obligation was $0 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)
=(649.013 / 10083.44) / (451.038 / 7289.922)
=0.064364 / 0.061871
=1.0403

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)
=(860.6 / 7289.922) / (1214.41 / 10083.44)
=0.118053 / 0.120436
=0.9802

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 - (2721.073 + 202.503) / 3527.212) / (1 - (1965.778 + 179.866) / 2511.215)
=0.171137 / 0.145575
=1.1756

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
=10083.44 / 7289.922
=1.3832

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))
=(50.655 / (50.655 + 179.866)) / (67.247 / (67.247 + 202.503))
=0.219741 / 0.249294
=0.8815

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)
=(268.137 / 10083.44) / (181.075 / 7289.922)
=0.026592 / 0.024839
=1.0706

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 + 988.646) / 3527.212) / ((0 + 793.828) / 2511.215)
=0.280291 / 0.316113
=0.8867

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
=(86.322 - 0 - -542.196) / 3527.212
=0.178191

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.

AUTO1 Group has a M-score of -1.20 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 -1.28 mean?
AUTO1 Group (ATOGF) has a Beneish M-Score of -1.28 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AUTO1 Group and its competitors. According to the industry distribution chart, AUTO1 Group ranks #1196 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 94%.
Is AUTO1 Group's Beneish M-Score too high?
AUTO1 Group's current Beneish M-Score is -1.28. Based on the distribution chart, AUTO1 Group ranks #1196 out of 1273 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, AUTO1 Group has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AUTO1 Group's Beneish M-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, AUTO1 Group ranks #1196 out of 1273 companies for Beneish M-Score. This places AUTO1 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 AUTO1 Group and its competitors. AUTO1 Group's current Beneish M-Score is -1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AUTO1 Group stock overvalued right now?
Based on GuruFocus' analysis, AUTO1 Group (ATOGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.57, compared to a current price of $27.75 — trading 49.4% above its estimated fair value. The current Beneish M-Score is -1.28. AUTO1 Group's overall GF Score™ is 69/100 with 5 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 AUTO1 Group (ATOGF), the current Beneish M-Score is -1.28 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 AUTO1 Group (ATOGF) Overvalued in 2026?

Based on GuruFocus' analysis, AUTO1 Group stock appears to be overvalued. The current stock price of $27.75 is trading 49.4% above its estimated GF Value™ of $18.57. GuruFocus considers AUTO1 Group to be Significantly Overvalued.

Key valuation signals for ATOGF:

  • Beneish M-Score: -1.28
  • GF Value™: $18.57 vs. price of $27.75 (49.4% above fair value)
  • GF Score™: 69/100 with 5 warning signs

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


AUTO1 Group Business Description

Address Bergmannstrabe 72, Berlin, DEU, 10961
AUTO1 Group is a digital platform that facilitates the buying and selling of used cars online. It provides a simple and convenient way for both individual customers and professional car dealers across Europe to purchase and sell used cars at transparent prices, without the need for negotiation. AUTO1 Group has two main operating segments: Merchant and Retail. In the Merchant segment, used cars are sold to commercial car dealers through the AUTO1.com brand. The Merchant revenue includes auction fees, logistics services fees, and other charges associated with the provision of vehicles to dealers. The Retail segment focuses on selling used cars to private customers under the Autohero brand. However, the majority of the revenue is generated from the Merchant segment.
69GF Score

Get the complete analysis for ATOGF

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

$27.75
Price
$18.57
GF Value