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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.
Good Sign:
Beneish M-Score -3.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Lojas Quero-Quero's Beneish M-Score or its related term are showing as below:
BSP:LJQQ3'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.38 Med: -2.59 Max: -1.91
Current: -3.38
During the past 9 years, the highest Beneish M-Score of Lojas Quero-Quero was -1.91. The lowest was -3.38. And the median was -2.59.
Lojas Quero-Quero Beneish M-Score Related Terms
Lojas Quero-Quero Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Lojas Quero-Quero'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.
BSP:LJQQ3 vs CASY, WSM, DKS: Beneish M-Score Comparison
For the Specialty Retail subindustry, Lojas Quero-Quero'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.
Lojas Quero-Quero Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lojas Quero-Quero's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Lojas Quero-Quero's Beneish M-Score falls into.
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 Lojas Quero-Quero 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 * 1.1775
+
0.528 * 1.1032
+
0.404 * 0.8098
+
0.892 * 0.9437
+
0.115 * 0.915
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0486
+
4.679 * -0.21205
-
0.327 * 0.9325
=
-3.38
* 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))
=
(134.424 / (134.424 + 646.909))
/
(139.061 / (139.061 + 600.544))
=
0.172044
/
0.188021
=
0.915
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
=
(-192.508 - 0
-
635.14)
/
3903.081
=
-0.21205
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.
Lojas Quero-Quero has a M-score of -3.38 suggests that the company is unlikely to be a manipulator.
Lojas Quero-Quero (BSP:LJQQ3) has a Beneish M-Score of -3.38 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Lojas Quero-Quero and its competitors. According to the industry distribution chart, Lojas Quero-Quero ranks #109 out of 1084 companies in the Retail - Cyclical industry, placing it in the top 10.1%.
Is Lojas Quero-Quero's Beneish M-Score too high?
Lojas Quero-Quero's current Beneish M-Score is -3.38. Based on the distribution chart, Lojas Quero-Quero ranks #109 out of 1084 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Lojas Quero-Quero has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lojas Quero-Quero's Beneish M-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Lojas Quero-Quero ranks #109 out of 1084 companies for Beneish M-Score. This places Lojas Quero-Quero in the top 10% of its industry — outperforming the majority of peers. 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Lojas Quero-Quero and its competitors. Lojas Quero-Quero's current Beneish M-Score is -3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lojas Quero-Quero stock overvalued right now?
Based on GuruFocus' analysis, Lojas Quero-Quero (BSP:LJQQ3) is currently considered Possible Value Trap. The stock's GF Value™ is R$2.90, compared to a current price of R$1.14 — trading 60.7% below its estimated fair value. The current Beneish M-Score is -3.38. Lojas Quero-Quero's overall GF Score™ is 68/100 with 8 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 Lojas Quero-Quero (BSP:LJQQ3), the current Beneish M-Score is -3.38 as of Jul. 21, 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 Lojas Quero-Quero (BSP:LJQQ3) Overvalued in 2026?
Based on GuruFocus' analysis, Lojas Quero-Quero stock appears to be undervalued.
The current stock price of R$1.14 is trading 60.7% below its estimated GF Value™ of R$2.90.
GuruFocus considers Lojas Quero-Quero to be Possible Value Trap.
Key valuation signals for BSP:LJQQ3:
Beneish M-Score: -3.38
GF Value™: R$2.90 vs. price of R$1.14 (60.7% below fair value)
No single metric tells the full story. See the BSP:LJQQ3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lojas Quero-Quero SA is mainly engaged in retail trade activities in general, offering building materials, household appliances and furniture, and related activities such as import, rendering of correspondent bank services and intermediation of extended warranty sales. It currently has stores distributed in the states of Rio Grande do Sul, Santa Cataria, Parana, Mato Grosso do Sul, and Sao Paulo, in addition to three distribution centers. The company has one operating segment, which consists of revenues obtained from retail activities, financial services, and credit cards on a segregated basis.
68GF Score
Get the complete analysis for BSP:LJQQ3
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