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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 Invigorated Business Consulting's Beneish M-Score or its related term are showing as below:
During the past 13 years, the highest Beneish M-Score of Invigorated Business Consulting was 4.19. The lowest was -37.69. And the median was -1.37.
* 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.
Invigorated Business Consulting Beneish M-Score Chart
BOM:511716 vs V, MA, AXP: Beneish M-Score Comparison
For the Credit Services subindustry, Invigorated Business Consulting'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.
Invigorated Business Consulting Beneish M-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Invigorated Business Consulting's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Invigorated Business Consulting's Beneish M-Score falls into.
Invigorated Business Consulting 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 Invigorated Business Consulting 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 *
+
0.528 *
+
0.404 *
+
0.892 *
+
0.115 *
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 *
+
4.679 *
-
0.327 *
=
* 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))
=
(0.009 / (0.009 + 0.011))
/
(0.009 / (0.009 + 0.011))
=
0.45
/
0.45
=
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
=
(-2.291 - 0
-
-24.019)
/
40.904
=
0.531195
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.
Invigorated Business Consulting (BOM:511716) has a Beneish M-Score of 0.00 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Invigorated Business Consulting and its competitors. According to the industry distribution chart, Invigorated Business Consulting ranks #999999 out of 487 companies in the Credit Services industry.
Is Invigorated Business Consulting's Beneish M-Score too high?
Invigorated Business Consulting's current Beneish M-Score is 0.00. Based on the distribution chart, Invigorated Business Consulting ranks #999999 out of 487 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Invigorated Business Consulting has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Invigorated Business Consulting's Beneish M-Score compare to V and MA?
According to the Credit Services industry distribution chart, Invigorated Business Consulting ranks #999999 out of 487 companies for Beneish M-Score. This places Invigorated Business Consulting 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 Credit Services company?
A good Beneish M-Score depends on the Credit Services 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 Invigorated Business Consulting and its competitors. Invigorated Business Consulting'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 Invigorated Business Consulting stock overvalued right now?
Invigorated Business Consulting (BOM:511716) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Invigorated Business Consulting's overall GF Score™ is 30/100 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 Invigorated Business Consulting (BOM:511716), the current Beneish M-Score is 0.00 as of Aug. 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.
Invigorated Business Consulting Ltd is engaged in the business of providing advisory and consultancy services. It is presently engaged in the recovery of delinquent loan assets and the settlement of old legal cases filed by or against the company arising out of its earlier NBFC business.
30GF Score
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