Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario (BSP:HPDP11) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


BSP:HPDP11 Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario BSP:HPDP11
45 GF Score
Price R$87.33
GF Value R$58.43
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario Beneish M-Score?

Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario BSP:HPDP11 +2.25% 45 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates BSP:HPDP11 with a GF Score™ of 45/100 and a GF Value™ of R$58.43 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 764 REITs companies, Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario ranks worse than 130889.92% on this metric.

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 Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario's Beneish M-Score or its related term are showing as below:

During the past 6 years, the highest Beneish M-Score of Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario was 0.00. The lowest was 0.00. And the median was 0.00.

BSP:HPDP11
45GF Score
Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario BSP:HPDP11
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario 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 Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario 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.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was R$0.00 Mil.
Revenue was R$12.37 Mil.
Gross Profit was R$12.37 Mil.
Total Current Assets was R$0.00 Mil.
Total Assets was R$307.15 Mil.
Property, Plant and Equipment(Net PPE) was R$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was R$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was R$0.34 Mil.
Total Current Liabilities was R$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was R$0.00 Mil.
Net Income was R$12.04 Mil.
Gross Profit was R$0.00 Mil.
Cash Flow from Operations was R$21.03 Mil.
 Total Receivables was R$0.00 Mil.
Revenue was R$48.33 Mil.
Gross Profit was R$48.33 Mil.
Total Current Assets was R$0.00 Mil.
Total Assets was R$316.56 Mil.
Property, Plant and Equipment(Net PPE) was R$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was R$0.00 Mil.
Selling, General, & Admin. Expense(SGA) was R$0.20 Mil.
Total Current Liabilities was R$0.00 Mil.
Long-Term Debt & Capital Lease Obligation was R$0.00 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 / 12.372) / (0 / 48.332)
=0 / 0
=

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)
=(48.332 / 48.332) / (12.372 / 12.372)
=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 + 0) / 307.153) / (1 - (0 + 0) / 316.562)
=1 / 1
=

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
=12.372 / 48.332
=

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))
=(0 / (0 + 0)) / (0 / (0 + 0))
= /
=

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)
=(0.337 / 12.372) / (0.201 / 48.332)
=0.027239 / 0.004159
=

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)
=((0 + 0) / 307.153) / ((0 + 0) / 316.562)
=0 / 0
=

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
=(12.035 - 0 - 21.034) / 307.153
=-0.029298

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario (BSP:HPDP11) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario and its competitors. According to the industry distribution chart, Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario ranks #999999 out of 764 companies in the REITs industry.
Is Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario's Beneish M-Score too high?
Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario's current Beneish M-Score is 0.00. Based on the distribution chart, Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario ranks #999999 out of 764 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario's Beneish M-Score compare to SPG and O?
According to the REITs industry distribution chart, Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario ranks #999999 out of 764 companies for Beneish M-Score. This places Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario 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 REITs company?
A good Beneish M-Score depends on the REITs 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 Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario and its competitors. Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario'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 Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario stock overvalued right now?
Based on GuruFocus' analysis, Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario (BSP:HPDP11) is currently considered Significantly Overvalued. The stock's GF Value™ is R$58.43, compared to a current price of R$87.33 — trading 49.5% above its estimated fair value. The current Beneish M-Score is 0.00. Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario's overall GF Score™ is 45/100 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 Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario (BSP:HPDP11), the current Beneish M-Score is 0.00 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 Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario (BSP:HPDP11) Overvalued in 2026?

Based on GuruFocus' analysis, Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario stock appears to be overvalued. The current stock price of R$87.33 is trading 49.5% above its estimated GF Value™ of R$58.43. GuruFocus considers Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario to be Significantly Overvalued.

Key valuation signals for BSP:HPDP11:

  • Beneish M-Score: 0.00
  • GF Value™: R$58.43 vs. price of R$87.33 (49.5% above fair value)
  • GF Score™: 45/100 with 2 warning signs

No single metric tells the full story. See the BSP:HPDP11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario Business Description

Industry Real EstateREITs
Address AV. BRIG. FARIA LIMA, 3600, 11th Floor (Suite 112, PARTE, ITAIM BIBI, Sao Paulo, SP, BRA, 4538132
Hedge Shopping Parque Dom Pedro Fundo DE Investimento Imobliario is a closed-end fund, with an indefinite term and aimed at investors in general, including individuals, legal entities, investment funds and institutional investors, residing and domiciled in Brazil or abroad. The fund's objective is to provide its shareholders with appreciation and profitability of their shares in the long term, in accordance with the fund's investment policy, aiming to obtain income from the investment of its net worth, directly or indirectly, in the real estate development called Shopping Parque Dom Pedro, in whole or in part, as well as in assets and rights related to it.
45GF Score

Get the complete analysis for BSP:HPDP11

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

R$87.33
Price
R$58.43
GF Value