Turism Felix Baile Felix (BSE:TUFE) Beneish M-Score: -2.99 (As of Jul. 03, 2026)


BSE:TUFE Turism Felix SA Baile Felix BSE:TUFE
48 GF Score
Price lei0.43
GF Value lei0.32
! 10 Warning Signs
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What is Turism Felix Baile Felix Beneish M-Score?

Turism Felix Baile Felix BSE:TUFE 48 Beneish M-Score is -2.99 as of Jul. 03, 2026. GuruFocus rates BSE:TUFE with a GF Score™ of 48/100 and a GF Value™ of lei0.32. The stock has 10 warning signs investors should review.

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 -2.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BSE:TUFE' s Beneish M-Score Range Over the Past 10 Years
Min: -3.72   Med: -2.62   Max: -1.41
Current: -2.99

During the past 13 years, the highest Beneish M-Score of Turism Felix Baile Felix was -1.41. The lowest was -3.72. And the median was -2.62.

Turism Felix Baile Felix Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Turism Felix Baile Felix'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.

Turism Felix Baile Felix Beneish M-Score Chart

Turism Felix Baile Felix Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.02 -2.57 -2.60 -2.30 -2.74

Turism Felix Baile Felix Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -2.93 -2.74 -2.79 -2.63 -2.99

BSE:TUFE vs AS, HAS, PLNT: Beneish M-Score Comparison

For the Leisure subindustry, Turism Felix Baile Felix'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.

Turism Felix Baile Felix Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Turism Felix Baile Felix's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Turism Felix Baile Felix's Beneish M-Score falls into.


BSE:TUFE
48GF Score
Turism Felix SA Baile Felix BSE:TUFE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Turism Felix Baile Felix 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 Turism Felix Baile Felix 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 * 0.7931+0.528 * 0.9317+0.404 * 1.3541+0.892 * 1.022+0.115 * 0.7421
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.8618+4.679 * -0.063393-0.327 * 0.9181
=-2.99

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was lei6.7 Mil.
Revenue was 46.974 + 24.767 + 10.653 + 19.406 = lei101.8 Mil.
Gross Profit was 37.389 + 18.5 + 5.829 + 12.648 = lei74.4 Mil.
Total Current Assets was lei13.4 Mil.
Total Assets was lei297.4 Mil.
Property, Plant and Equipment(Net PPE) was lei260.5 Mil.
Depreciation, Depletion and Amortization(DDA) was lei13.7 Mil.
Selling, General, & Admin. Expense(SGA) was lei1.3 Mil.
Total Current Liabilities was lei24.1 Mil.
Long-Term Debt & Capital Lease Obligation was lei28.8 Mil.
Net Income was 15.779 + -0.479 + -10.243 + -8.035 = lei-3.0 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = lei0.0 Mil.
Cash Flow from Operations was 21.717 + 3.873 + -7.585 + -2.128 = lei15.9 Mil.
 Total Receivables was lei8.3 Mil.
Revenue was 44.818 + 21.112 + 12.993 + 20.683 = lei99.6 Mil.
Gross Profit was 35.133 + 13.432 + 6.483 + 12.746 = lei67.8 Mil.
Total Current Assets was lei16.3 Mil.
Total Assets was lei307.6 Mil.
Property, Plant and Equipment(Net PPE) was lei273.3 Mil.
Depreciation, Depletion and Amortization(DDA) was lei10.5 Mil.
Selling, General, & Admin. Expense(SGA) was lei0.7 Mil.
Total Current Liabilities was lei25.9 Mil.
Long-Term Debt & Capital Lease Obligation was lei33.7 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)
=(6.69 / 101.8) / (8.253 / 99.606)
=0.065717 / 0.082856
=0.7931

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)
=(67.794 / 99.606) / (74.366 / 101.8)
=0.680622 / 0.730511
=0.9317

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 - (13.387 + 260.523) / 297.431) / (1 - (16.321 + 273.339) / 307.626)
=0.079081 / 0.058402
=1.3541

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
=101.8 / 99.606
=1.022

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))
=(10.492 / (10.492 + 273.339)) / (13.657 / (13.657 + 260.523))
=0.036966 / 0.04981
=0.7421

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)
=(1.292 / 101.8) / (0.679 / 99.606)
=0.012692 / 0.006817
=1.8618

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)
=((28.774 + 24.142) / 297.431) / ((33.689 + 25.92) / 307.626)
=0.17791 / 0.193771
=0.9181

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
=(-2.978 - 0 - 15.877) / 297.431
=-0.063393

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.

Turism Felix Baile Felix has a M-score of -2.99 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.99 mean?
Turism Felix Baile Felix (BSE:TUFE) has a Beneish M-Score of -2.99 as of Jul. 03, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Turism Felix Baile Felix and its competitors.
Is Turism Felix Baile Felix's Beneish M-Score too high?
Turism Felix Baile Felix's current Beneish M-Score is -2.99. Overall, Turism Felix Baile Felix has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Turism Felix Baile Felix's Beneish M-Score compare to AS and HAS?
Turism Felix Baile Felix's Beneish M-Score of -2.99 can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Turism Felix Baile Felix and its competitors. Turism Felix Baile Felix's current Beneish M-Score is -2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turism Felix Baile Felix stock overvalued right now?
Turism Felix Baile Felix (BSE:TUFE) has a current Beneish M-Score of -2.99. The stock's GF Value™ is lei0.32, compared to a current price of lei0.43 — trading 33.1% above its estimated fair value. The current Beneish M-Score is -2.99. Turism Felix Baile Felix's overall GF Score™ is 48/100 with 10 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 Turism Felix Baile Felix (BSE:TUFE), the current Beneish M-Score is -2.99 as of Jul. 03, 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 Turism Felix Baile Felix (BSE:TUFE) Overvalued in 2026?

Based on GuruFocus' analysis, Turism Felix Baile Felix stock appears to be overvalued. The current stock price of lei0.43 is trading 33.1% above its estimated GF Value™ of lei0.32.

Key valuation signals for BSE:TUFE:

  • Beneish M-Score: -2.99
  • GF Value™: lei0.32 vs. price of lei0.43 (33.1% above fair value)
  • GF Score™: 48/100 with 10 warning signs

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

Turism Felix Baile Felix Business Description

Address Victoria Street Number 22, Com. Sinmartin, Baile Felix, Bihor, ROU, 417500
Turism Felix SA Baile Felix owns and operates spa in Romania. The company' s services include Housing, meals, spa treatment, restaurants, conferences, and events tourism.
48GF Score

Get the complete analysis for BSE:TUFE

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

lei0.43
Price
lei0.32
GF Value