Banco de Galicia y Buenos AiresU (BUE:GALI) Beneish M-Score: -2.10 (As of Jun. 27, 2026)


What is Banco de Galicia y Buenos AiresU Beneish M-Score?

Banco de Galicia y Buenos AiresU BUE:GALI Beneish M-Score is -2.10 as of Jun. 27, 2026. The stock has 4 warning signs investors should review.

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.

Good Sign:

Beneish M-Score -2.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Banco de Galicia y Buenos AiresU's Beneish M-Score or its related term are showing as below:

BUE:GALI' s Beneish M-Score Range Over the Past 10 Years
Min: -4   Med: -2.21   Max: 0.07
Current: -2.1

During the past 13 years, the highest Beneish M-Score of Banco de Galicia y Buenos AiresU was 0.07. The lowest was -4.00. And the median was -2.21.

Banco de Galicia y Buenos AiresU 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 Banco de Galicia y Buenos AiresU 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+0.528 * 1+0.404 * 1.0005+0.892 * 1.1152+0.115 * 0.8699
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9143+4.679 * 0.1024-0.327 * 1.6104
=-2.10

* 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 (Dec24) TTM:
Total Receivables was ARS0 Mil.
Revenue was 1644464.657 + 1244947.278 + 1339121.412 + 1542927.943 = ARS5,771,461 Mil.
Gross Profit was 1644464.657 + 1244947.278 + 1339121.412 + 1542927.943 = ARS5,771,461 Mil.
Total Current Assets was ARS0 Mil.
Total Assets was ARS35,965,124 Mil.
Property, Plant and Equipment(Net PPE) was ARS1,202,115 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS242,205 Mil.
Selling, General, & Admin. Expense(SGA) was ARS425,326 Mil.
Total Current Liabilities was ARS0 Mil.
Long-Term Debt & Capital Lease Obligation was ARS2,507,365 Mil.
Net Income was 47652.749 + -103893.385 + 97756.248 + 38389.172 = ARS79,905 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ARS0 Mil.
Cash Flow from Operations was -2908543.255 + 150031.716 + 828187.202 + -1672596.98 = ARS-3,602,921 Mil.
 Total Receivables was ARS0 Mil.
Revenue was 55638.915 + 1152773.58 + 1791751.26 + 2174937.607 = ARS5,175,101 Mil.
Gross Profit was 55638.915 + 1152773.58 + 1791751.26 + 2174937.607 = ARS5,175,101 Mil.
Total Current Assets was ARS0 Mil.
Total Assets was ARS27,068,821 Mil.
Property, Plant and Equipment(Net PPE) was ARS917,501 Mil.
Depreciation, Depletion and Amortization(DDA) was ARS156,692 Mil.
Selling, General, & Admin. Expense(SGA) was ARS417,122 Mil.
Total Current Liabilities was ARS0 Mil.
Long-Term Debt & Capital Lease Obligation was ARS1,171,897 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 / 5771461.29) / (0 / 5175101.362)
=0 / 0
=1

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)
=(5175101.362 / 5175101.362) / (5771461.29 / 5771461.29)
=1 / 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 + 1202115.357) / 35965123.793) / (1 - (0 + 917500.761) / 27068820.935)
=0.966576 / 0.966105
=1.0005

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
=5771461.29 / 5175101.362
=1.1152

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))
=(156692.198 / (156692.198 + 917500.761)) / (242204.721 / (242204.721 + 1202115.357))
=0.14587 / 0.167695
=0.8699

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)
=(425325.828 / 5771461.29) / (417122.392 / 5175101.362)
=0.073695 / 0.080602
=0.9143

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)
=((2507365.258 + 0) / 35965123.793) / ((1171897.078 + 0) / 27068820.935)
=0.069717 / 0.043293
=1.6104

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
=(79904.784 - 0 - -3602921.317) / 35965123.793
=0.1024

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.

Banco de Galicia y Buenos AiresU has a M-score of -2.10 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 -2.10 mean?
Banco de Galicia y Buenos AiresU (BUE:GALI) has a Beneish M-Score of -2.10 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco de Galicia y Buenos AiresU and its competitors.
Is Banco de Galicia y Buenos AiresU's Beneish M-Score too high?
Banco de Galicia y Buenos AiresU's current Beneish M-Score is -2.10.
How does Banco de Galicia y Buenos AiresU's Beneish M-Score compare to USB and PNC?
Banco de Galicia y Buenos AiresU's Beneish M-Score of -2.10 can be compared against companies in the Banks 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Banco de Galicia y Buenos AiresU and its competitors. Banco de Galicia y Buenos AiresU's current Beneish M-Score is -2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco de Galicia y Buenos AiresU stock overvalued right now?
Banco de Galicia y Buenos AiresU (BUE:GALI) has a current Beneish M-Score of -2.10. The stock's GF Value™ is ARS31.69, compared to a current price of ARS23.00 — trading 27.4% below its estimated fair value. The current Beneish M-Score is -2.10. 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 Banco de Galicia y Buenos AiresU (BUE:GALI), the current Beneish M-Score is -2.10 as of Jun. 27, 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.

Banco de Galicia y Buenos AiresU Business Description

Address Tte. Gral. Juan D. Peron 430, Autonomous City, Buenos Aires, ARG, C1038AAI
Banco de Galicia y Buenos Aires SAU offers commercial banking services. The bank offers business and consumer loans, mortgages, investment banking, securities brokerage, & foreign exchange services, mutual funds, insurance, annuities, and credit cards. It offers a wide range of financial services to more than three million clients, both individuals and companies. It also operates part of extensive and diversified distribution networks in the Argentine private financial sector.