Cablevision Holding (BUE:CVH) Beneish M-Score: -2.91 (As of Jul. 15, 2026)

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BUE:CVH Cablevision Holding SA BUE:CVH
74 GF Score
Price ARS9,450.00
GF Value ARS10,296.24
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Cablevision Holding Beneish M-Score?

Cablevision Holding BUE:CVH -0.32% 74 Beneish M-Score is -2.91 as of Jul. 15, 2026. GuruFocus rates BUE:CVH with a GF Score™ of 74/100 and a GF Value™ of ARS10,296.24 (Fairly Valued). The stock has 10 warning signs investors should review. Among 351 Telecommunication Services companies, Cablevision Holding ranks better than 61.54% 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 -2.91 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BUE:CVH' s Beneish M-Score Range Over the Past 10 Years
Min: -3.76   Med: -2.87   Max: -0.77
Current: -2.91

During the past 9 years, the highest Beneish M-Score of Cablevision Holding was -0.77. The lowest was -3.76. And the median was -2.87.


Cablevision Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Cablevision Holding'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.

Cablevision Holding Beneish M-Score Chart

Cablevision Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -2.46 -1.95 -2.07 -2.26 -2.54

Cablevision Holding 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 -1.21 -1.38 -1.45 -2.54 -2.91

BUE:CVH vs TMUS, VZ, T: Beneish M-Score Comparison

For the Telecom Services subindustry, Cablevision Holding'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.


Cablevision Holding Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Cablevision Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Cablevision Holding's Beneish M-Score falls into.


BUE:CVH
74GF Score
Cablevision Holding SA BUE:CVH
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cablevision Holding 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 Cablevision Holding 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 * 0.7851+0.528 * 0.9757+0.404 * 0.9426+0.892 * 1.5119+0.115 * 1.115
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9074+4.679 * -0.145186-0.327 * 1.0141
=-2.91

* 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 ARS1,021,725 Mil.
Revenue was 2357686 + 2706253 + 2065202 + 1911678 = ARS9,040,819 Mil.
Gross Profit was 1798878 + 2064259 + 1537598 + 1445943 = ARS6,846,678 Mil.
Total Current Assets was ARS2,193,942 Mil.
Total Assets was ARS18,297,654 Mil.
Property, Plant and Equipment(Net PPE) was ARS8,145,767 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS2,121,967 Mil.
Selling, General, & Admin. Expense(SGA) was ARS458,373 Mil.
Total Current Liabilities was ARS3,759,700 Mil.
Long-Term Debt & Capital Lease Obligation was ARS4,436,922 Mil.
Net Income was 234688 + 39030 + -80471 + -67459 = ARS125,788 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ARS0 Mil.
Cash Flow from Operations was 764114 + 1093506 + 608271 + 316462 = ARS2,782,353 Mil.
Total Receivables was ARS860,793 Mil.
Revenue was 1806103 + 1684793 + 1295363 + 1193554 = ARS5,979,813 Mil.
Gross Profit was 1355144 + 1235592 + 953349 + 874432 = ARS4,418,517 Mil.
Total Current Assets was ARS1,512,176 Mil.
Total Assets was ARS14,049,947 Mil.
Property, Plant and Equipment(Net PPE) was ARS6,054,784 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS1,812,912 Mil.
Selling, General, & Admin. Expense(SGA) was ARS334,120 Mil.
Total Current Liabilities was ARS3,112,955 Mil.
Long-Term Debt & Capital Lease Obligation was ARS3,093,507 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)
=(1021725 / 9040819) / (860793 / 5979813)
=0.113012 / 0.14395
=0.7851

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)
=(4418517 / 5979813) / (6846678 / 9040819)
=0.738906 / 0.757307
=0.9757

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 - (2193942 + 8145767) / 18297654) / (1 - (1512176 + 6054784) / 14049947)
=0.434916 / 0.461424
=0.9426

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
=9040819 / 5979813
=1.5119

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))
=(1812912 / (1812912 + 6054784)) / (2121967 / (2121967 + 8145767))
=0.230425 / 0.206664
=1.115

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)
=(458373 / 9040819) / (334120 / 5979813)
=0.0507 / 0.055875
=0.9074

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)
=((4436922 + 3759700) / 18297654) / ((3093507 + 3112955) / 14049947)
=0.44796 / 0.441743
=1.0141

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
=(125788 - 0 - 2782353) / 18297654
=-0.145186

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.

Cablevision Holding has a M-score of -2.91 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 -2.91 mean?
Cablevision Holding (BUE:CVH) has a Beneish M-Score of -2.91 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Cablevision Holding and its competitors. According to the industry distribution chart, Cablevision Holding ranks #135 out of 351 companies in the Telecommunication Services industry, placing it in the top 38.5%.
Is Cablevision Holding's Beneish M-Score too high?
Cablevision Holding's current Beneish M-Score is -2.91. Based on the distribution chart, Cablevision Holding ranks #135 out of 351 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Cablevision Holding has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cablevision Holding's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Cablevision Holding ranks #135 out of 351 companies for Beneish M-Score. This puts Cablevision Holding in the upper 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication 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 Cablevision Holding and its competitors. Cablevision Holding's current Beneish M-Score is -2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cablevision Holding stock overvalued right now?
Based on GuruFocus' analysis, Cablevision Holding (BUE:CVH) is currently considered Fairly Valued. The stock's GF Value™ is ARS10,296.24, compared to a current price of ARS9,450.00 — trading 8.2% below its estimated fair value. The current Beneish M-Score is -2.91. Cablevision Holding's overall GF Score™ is 74/100 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 Cablevision Holding (BUE:CVH), the current Beneish M-Score is -2.91 as of Jul. 15, 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 Cablevision Holding (BUE:CVH) Overvalued in 2026?

Based on GuruFocus' analysis, Cablevision Holding stock appears to be undervalued. The current stock price of ARS9,450.00 is trading 8.2% below its estimated GF Value™ of ARS10,296.24. GuruFocus considers Cablevision Holding to be Fairly Valued.

Key valuation signals for BUE:CVH:

  • Beneish M-Score: -2.91
  • GF Value™: ARS10,296.24 vs. price of ARS9,450.00 (8.2% below fair value)
  • GF Score™: 74/100 with 10 warning signs

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


Cablevision Holding Business Description

Other Exchanges CVHSY:USA
Address Tacuari 1842, 4th Floor, Buenos Aires, ARG, 1842
Cablevision Holding SA is an investment holding company engaged in the development of infrastructure and delivery of convergent telecommunications services, focused on Argentina and the region. It operates through the following segment: Services rendered in Argentina, and Other abroad segments. The group focuses its investments in the telecommunications sector through the distribution of video, voice, and data. Its revenue is generated from fixed and mobile telephony, cable television and broadband operations.
74GF Score

Get the complete analysis for BUE:CVH

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

ARS9,450.00
Price
ARS10,296.24
GF Value