Bemobi Mobile Tech (BSP:BMOB3) Beneish M-Score: -1.81 (As of Jun. 26, 2026)


BSP:BMOB3 Bemobi Mobile Tech SA BSP:BMOB3
80 GF Score
Price R$23.18
GF Value R$19.56
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Bemobi Mobile Tech Beneish M-Score?

Bemobi Mobile Tech BSP:BMOB3 +0.43% 80 Beneish M-Score is -1.81 as of Jun. 26, 2026. GuruFocus rates BSP:BMOB3 with a GF Score™ of 80/100 and a GF Value™ of R$19.56 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 989 Media - Diversified companies, Bemobi Mobile Tech ranks worse than 82.1% 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 -1.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Bemobi Mobile Tech's Beneish M-Score or its related term are showing as below:

BSP:BMOB3' s Beneish M-Score Range Over the Past 10 Years
Min: -2.72   Med: -2.22   Max: -1.29
Current: -1.81

During the past 6 years, the highest Beneish M-Score of Bemobi Mobile Tech was -1.29. The lowest was -2.72. And the median was -2.22.


Bemobi Mobile Tech Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bemobi Mobile Tech'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.

Bemobi Mobile Tech Beneish M-Score Chart

Bemobi Mobile Tech Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.29 -2.10 -2.47 -1.83

Bemobi Mobile Tech Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.21 -2.31 -1.87 -1.83 -1.81

BSP:BMOB3 vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Bemobi Mobile Tech'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.


Bemobi Mobile Tech Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bemobi Mobile Tech's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bemobi Mobile Tech's Beneish M-Score falls into.


BSP:BMOB3
80GF Score
Bemobi Mobile Tech SA BSP:BMOB3
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bemobi Mobile Tech 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 Bemobi Mobile Tech 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 * 1.7527+0.528 * 0.8928+0.404 * 0.8503+0.892 * 1.1686+0.115 * 1.0374
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1883+4.679 * 0.040892-0.327 * 1.6727
=-1.81

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was R$978 Mil.
Revenue was 482.959 + 461.903 + 438.405 + 408.524 = R$1,792 Mil.
Gross Profit was 130.094 + 122.563 + 114.646 + 103.688 = R$471 Mil.
Total Current Assets was R$1,444 Mil.
Total Assets was R$2,026 Mil.
Property, Plant and Equipment(Net PPE) was R$20 Mil.
Depreciation, Depletion and Amortization(DDA) was R$71 Mil.
Selling, General, & Admin. Expense(SGA) was R$130 Mil.
Total Current Liabilities was R$812 Mil.
Long-Term Debt & Capital Lease Obligation was R$42 Mil.
Net Income was 34.212 + 51.236 + 41.019 + 33.233 = R$160 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = R$0 Mil.
Cash Flow from Operations was -11.341 + 34.193 + 25.75 + 28.233 = R$77 Mil.
Total Receivables was R$477 Mil.
Revenue was 387.575 + 399.833 + 381.337 + 364.513 = R$1,533 Mil.
Gross Profit was 95.888 + 94.582 + 85.58 + 83.77 = R$360 Mil.
Total Current Assets was R$1,080 Mil.
Total Assets was R$1,628 Mil.
Property, Plant and Equipment(Net PPE) was R$16 Mil.
Depreciation, Depletion and Amortization(DDA) was R$68 Mil.
Selling, General, & Admin. Expense(SGA) was R$93 Mil.
Total Current Liabilities was R$408 Mil.
Long-Term Debt & Capital Lease Obligation was R$3 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)
=(977.648 / 1791.791) / (477.322 / 1533.258)
=0.545626 / 0.311312
=1.7527

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)
=(359.82 / 1533.258) / (470.991 / 1791.791)
=0.234677 / 0.26286
=0.8928

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 - (1443.769 + 20.23) / 2026.429) / (1 - (1080.296 + 16.109) / 1627.717)
=0.277547 / 0.326415
=0.8503

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
=1791.791 / 1533.258
=1.1686

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))
=(67.798 / (67.798 + 16.109)) / (71.258 / (71.258 + 20.23))
=0.808014 / 0.778878
=1.0374

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)
=(129.767 / 1791.791) / (93.448 / 1533.258)
=0.072423 / 0.060947
=1.1883

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)
=((41.799 + 812.2) / 2026.429) / ((2.507 + 407.582) / 1627.717)
=0.421431 / 0.251941
=1.6727

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
=(159.7 - 0 - 76.835) / 2026.429
=0.040892

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.

Bemobi Mobile Tech has a M-score of -1.81 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 -1.81 mean?
Bemobi Mobile Tech (BSP:BMOB3) has a Beneish M-Score of -1.81 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bemobi Mobile Tech and its competitors. According to the industry distribution chart, Bemobi Mobile Tech ranks #812 out of 989 companies in the Media - Diversified industry, placing it in the top 82.1%.
Is Bemobi Mobile Tech's Beneish M-Score too high?
Bemobi Mobile Tech's current Beneish M-Score is -1.81. Based on the distribution chart, Bemobi Mobile Tech ranks #812 out of 989 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Bemobi Mobile Tech has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bemobi Mobile Tech's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Bemobi Mobile Tech ranks #812 out of 989 companies for Beneish M-Score. This places Bemobi Mobile Tech 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 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 Bemobi Mobile Tech and its competitors. Bemobi Mobile Tech's current Beneish M-Score is -1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bemobi Mobile Tech stock overvalued right now?
Based on GuruFocus' analysis, Bemobi Mobile Tech (BSP:BMOB3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$19.56, compared to a current price of R$23.18 — trading 18.5% above its estimated fair value. The current Beneish M-Score is -1.81. Bemobi Mobile Tech's overall GF Score™ is 80/100 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 Bemobi Mobile Tech (BSP:BMOB3), the current Beneish M-Score is -1.81 as of Jun. 26, 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 Bemobi Mobile Tech (BSP:BMOB3) Overvalued in 2026?

Based on GuruFocus' analysis, Bemobi Mobile Tech stock appears to be overvalued. The current stock price of R$23.18 is trading 18.5% above its estimated GF Value™ of R$19.56. GuruFocus considers Bemobi Mobile Tech to be Modestly Overvalued.

Key valuation signals for BSP:BMOB3:

  • Beneish M-Score: -1.81
  • GF Value™: R$19.56 vs. price of R$23.18 (18.5% above fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the BSP:BMOB3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bemobi Mobile Tech Business Description

Address Rua Visconde de Ouro Preto, 5 - 10th Floor, Rio de Janeiro, RJ, BRA, 22250-180
Bemobi Mobile Tech SA, formerly Bemobi Tech SA is a mobile media and entertainment company. It provides OTT media subscription services and distribution platforms.
80GF Score

Get the complete analysis for BSP:BMOB3

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

R$23.18
Price
R$19.56
GF Value