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Surge DigitalBBKCD 46 Beneish M-Score is -2.93 as of Aug. 27, 2026. GuruFocus rates BBKCD with a GF Score™ of 46/100 and a GF Value™ of $1.06 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 701 Capital Markets companies, Surge Digital ranks better than 82.17% 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 -2.93 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Surge Digital's Beneish M-Score or its related term are showing as below:
BBKCD'
s Beneish M-Score Range Over the Past 10 Years
Min: -1908.08 Med: -1.78 Max: 37.69
Current: -2.93
During the past 11 years, the highest Beneish M-Score of Surge Digital was 37.69. The lowest was -1908.08. And the median was -1.78.
The historical data trend for Surge Digital'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.
For the Capital Markets subindustry, Surge Digital'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.
Surge Digital Beneish M-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Surge Digital's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Surge Digital's Beneish M-Score falls into.
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 Surge Digital 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 * 0.585
+
0.528 * 0.9761
+
0.404 * 0.5256
+
0.892 * 0.8595
+
0.115 * 0.8305
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.036
+
4.679 * 0.06625
-
0.327 * 0.9808
=
-2.90
* 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.
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.
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))
=
(0.256 / (0.256 + 0.174))
/
(0.2 / (0.2 + 0.079))
=
0.595349
/
0.716846
=
0.8305
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
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
=
(-0.881 - 1.384
-
-9.089)
/
103.004
=
0.06625
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.
Surge Digital has a M-score of -2.90 suggests that the company is unlikely to be a manipulator.
Surge Digital (BBKCD) has a Beneish M-Score of -2.93 as of Aug. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Surge Digital and its competitors. According to the industry distribution chart, Surge Digital ranks #125 out of 701 companies in the Capital Markets industry, placing it in the top 17.8%.
Is Surge Digital's Beneish M-Score too high?
Surge Digital's current Beneish M-Score is -2.93. Based on the distribution chart, Surge Digital ranks #125 out of 701 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Surge Digital has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Surge Digital's Beneish M-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Surge Digital ranks #125 out of 701 companies for Beneish M-Score. This places Surge Digital in the top 18% 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 a Capital Markets company?
A good Beneish M-Score depends on the Capital Markets 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 Surge Digital and its competitors. Surge Digital's current Beneish M-Score is -2.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Surge Digital stock overvalued right now?
Based on GuruFocus' analysis, Surge Digital (BBKCD) is currently considered Possible Value Trap. The stock's GF Value™ is $1.06, compared to a current price of $0.41 — trading 61.5% below its estimated fair value. The current Beneish M-Score is -2.93. Surge Digital's overall GF Score™ is 46/100 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 Surge Digital (BBKCD), the current Beneish M-Score is -2.93 as of Aug. 27, 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 Surge Digital (BBKCD) Overvalued in 2026?
Based on GuruFocus' analysis, Surge Digital stock appears to be undervalued.
The current stock price of $0.41 is trading 61.5% below its estimated GF Value™ of $1.06.
GuruFocus considers Surge Digital to be Possible Value Trap.
Key valuation signals for BBKCD:
Beneish M-Score: -2.93
GF Value™: $1.06 vs. price of $0.41 (61.5% below fair value)
No single metric tells the full story. See the BBKCD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BIGG Digital Assets Inc is engaged in investing in products and companies within the cryptocurrency industry. The company has three operating divisions, which provide blockchain search products to large enterprises with data requirements in the financial and e-commerce sectors globally, and brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety, and immersive metaverse experiences. The company operates three business segments: Netcoins, Blockchain Intelligence Group, and TerraZero.
46GF Score
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