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 -3.13 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Major Cineplex Group's Beneish M-Score or its related term are showing as below:
BKK:MAJOR'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.42 Med: -2.89 Max: -1.56
Current: -3.13
During the past 13 years, the highest Beneish M-Score of Major Cineplex Group was -1.56. The lowest was -3.42. And the median was -2.89.
Major Cineplex Group Beneish M-Score Related Terms
Major Cineplex Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Major Cineplex 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.
BKK:MAJOR vs NFLX, DIS, WBD: Beneish M-Score Comparison
For the Entertainment subindustry, Major Cineplex 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.
Major Cineplex Group Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Major Cineplex Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Major Cineplex Group'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 Major Cineplex 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 * 0.6481
+
0.528 * 1.0192
+
0.404 * 1.1949
+
0.892 * 1.0483
+
0.115 * 0.9172
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.8966
+
4.679 * -0.101983
-
0.327 * 0.9707
=
-3.13
* 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))
=
(1247.544 / (1247.544 + 7010.889))
/
(1249.238 / (1249.238 + 6335.266))
=
0.151063
/
0.164709
=
0.9172
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
=
(673.11 - 300.52
-
1635.405)
/
12382.594
=
-0.101983
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.
Major Cineplex Group has a M-score of -3.13 suggests that the company is unlikely to be a manipulator.
Major Cineplex Group (BKK:MAJOR) has a Beneish M-Score of -3.13 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Major Cineplex Group and its competitors. According to the industry distribution chart, Major Cineplex Group ranks #203 out of 989 companies in the Media - Diversified industry, placing it in the top 20.5%.
Is Major Cineplex Group's Beneish M-Score too high?
Major Cineplex Group's current Beneish M-Score is -3.13. Based on the distribution chart, Major Cineplex Group ranks #203 out of 989 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Major Cineplex Group has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Major Cineplex Group's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Major Cineplex Group ranks #203 out of 989 companies for Beneish M-Score. This places Major Cineplex Group in the top 21% 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Major Cineplex Group and its competitors. Major Cineplex Group's current Beneish M-Score is -3.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Major Cineplex Group stock overvalued right now?
Based on GuruFocus' analysis, Major Cineplex Group (BKK:MAJOR) is currently considered Possible Value Trap. The stock's GF Value™ is ฿14.43, compared to a current price of ฿7.00 — trading 51.5% below its estimated fair value. The current Beneish M-Score is -3.13. Major Cineplex Group's overall GF Score™ is 80/100 with 2 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 Major Cineplex Group (BKK:MAJOR), the current Beneish M-Score is -3.13 as of Jun. 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 Major Cineplex Group (BKK:MAJOR) Overvalued in 2026?
Based on GuruFocus' analysis, Major Cineplex Group stock appears to be undervalued.
The current stock price of ฿7.00 is trading 51.5% below its estimated GF Value™ of ฿14.43.
GuruFocus considers Major Cineplex Group to be Possible Value Trap.
Key valuation signals for BKK:MAJOR:
Beneish M-Score: -3.13
GF Value™: ฿14.43 vs. price of ฿7.00 (51.5% below fair value)
No single metric tells the full story. See the BKK:MAJOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Major Cineplex Group PLC is a diversified media company predominantly engaged in the operation of cinemas. The company's reportable segments include the Cinema business, Advertising business, Bowling and Karaoke business, Rental and Services business, and Movie content business. The cinema business segment, which generates maximum revenue, owns and manages several chains of movie theaters and brands. The advertising and media business offers on-screen advertising and media solutions. The bowling and karaoke services offer their namesake services in branded outlets. The rental and services business leases real estate space, and the movie content segment funds, produces, and distributes feature film content, as well as content on the home video market.
80GF Score
Get the complete analysis for BKK:MAJOR
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:MAJOR has been successfully added to your 
