BNZIF Beneish M-Score: 0.00 (As of Jun. 24, 2026)


BNZIF Banco Invex SA Institucion De Banca Multiple-Invex Grupo Financiero BNZIF
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What is Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero Beneish M-Score?

Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero BNZIF 8 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates BNZIF with a GF Score™ of 8/100.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

The historical rank and industry rank for Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero's Beneish M-Score or its related term are showing as below:

During the past 10 years, the highest Beneish M-Score of Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero was 0.00. The lowest was 0.00. And the median was 0.00.

BNZIF
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Banco Invex SA Institucion De Banca Multiple-Invex Grupo Financiero BNZIF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero 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 Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero 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+0.528 * 1+0.404 * 1.0007+0.892 * 1.5343+0.115 * 1.238
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9438+4.679 * 0.018791-0.327 * 0.487
=-1.71

* 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 (Dec23) TTM:Last Year (Dec22) TTM:
Total Receivables was $0.0 Mil.
Revenue was $428.8 Mil.
Gross Profit was $428.8 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $9,205.1 Mil.
Property, Plant and Equipment(Net PPE) was $28.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $6.4 Mil.
Selling, General, & Admin. Expense(SGA) was $256.9 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $308.3 Mil.
Net Income was $56.9 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $-116.1 Mil.
 Total Receivables was $0.0 Mil.
Revenue was $279.5 Mil.
Gross Profit was $279.5 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $4,330.7 Mil.
Property, Plant and Equipment(Net PPE) was $16.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.9 Mil.
Selling, General, & Admin. Expense(SGA) was $177.4 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $297.9 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 / 428.826) / (0 / 279.493)
=0 / 0
=1

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)
=(279.493 / 279.493) / (428.826 / 428.826)
=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 - (0 + 28.219) / 9205.062) / (1 - (0 + 16.362) / 4330.683)
=0.996934 / 0.996222
=1.0007

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
=428.826 / 279.493
=1.5343

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))
=(4.873 / (4.873 + 16.362)) / (6.421 / (6.421 + 28.219))
=0.22948 / 0.185364
=1.238

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)
=(256.919 / 428.826) / (177.421 / 279.493)
=0.599122 / 0.634796
=0.9438

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)
=((308.349 + 0) / 9205.062) / ((297.856 + 0) / 4330.683)
=0.033498 / 0.068778
=0.487

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
=(56.851 - 0 - -116.117) / 9205.062
=0.018791

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.

Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero has a M-score of -1.71 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 0.00 mean?
Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero (BNZIF) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero and its competitors.
Is Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero's Beneish M-Score too high?
Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero's current Beneish M-Score is 0.00. Overall, Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero's Beneish M-Score compare to PNC and USB?
Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero's Beneish M-Score of 0.00 can be compared against companies in the Banks 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero and its competitors. Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero stock overvalued right now?
Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero (BNZIF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero's overall GF Score™ is 8/100. 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 Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero (BNZIF), the current Beneish M-Score is 0.00 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.

Banco Invex Institucion De Banca Multiple-Invex Grupo Financiero Business Description

Address Boulevard Manuel Avila Camacho, Number 40, Piso 9, Lomas De Chapultepec, Mexico City, DF, MEX, 11000
Banco Invex SA Institucion De Banca Multiple-Invex Grupo Financiero is a Mexican financial institution which delivers specialized solutions. The company's business divisions are Private Banking, Business Banking, Cards, Trust, Infrastructure, and Leasing. The services provided by the company includes provision of banking and credit financial services, transactional and fiduciary services, granting of finance to corporate clients, large and medium-sized businesses through commercial loans, working capital credit lines, and other. It also offers various products such as the issuance of letters of credit, transactions with derivatives, financial counseling, and financial factoring operation.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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