BYITY (Bytes Technology Group) Beneish M-Score: -2.53 (As of Jun. 24, 2026)


BYITY Bytes Technology Group PLC BYITY
66 GF Score
Price $9.88
GF Value $14.56
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Bytes Technology Group Beneish M-Score?

Bytes Technology Group BYITY -7.06% 66 Beneish M-Score is -2.53 as of Jun. 24, 2026. GuruFocus rates BYITY with a GF Score™ of 66/100 and a GF Value™ of $14.56 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,633 Software companies, Bytes Technology Group ranks worse than 50.78% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BYITY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.9   Med: -2.53   Max: -1.46
Current: -2.53

During the past 9 years, the highest Beneish M-Score of Bytes Technology Group was -1.46. The lowest was -3.90. And the median was -2.53.

Bytes Technology Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Bytes Technology Group'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.

Bytes Technology Group Beneish M-Score Chart

Bytes Technology Group Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -1.46 -2.27 -2.45 -2.58 -2.53

Bytes Technology Group Semi-Annual Data
Feb18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 -2.45 0.00 -2.58 0.00 -2.53

BYITY vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Bytes Technology Group'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.

Bytes Technology Group Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Bytes Technology Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bytes Technology Group's Beneish M-Score falls into.


BYITY
66GF Score
Bytes Technology Group PLC BYITY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bytes Technology Group 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 Bytes Technology Group 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 * 1.0873+0.528 * 0.9912+0.404 * 0.9941+0.892 * 1.1+0.115 * 0.9014
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.059+4.679 * -0.020588-0.327 * 1.0499
=-2.45

* 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 (Feb26) TTM:Last Year (Feb25) TTM:
Total Receivables was $414.4 Mil.
Revenue was $299.7 Mil.
Gross Profit was $227.3 Mil.
Total Current Assets was $554.5 Mil.
Total Assets was $644.2 Mil.
Property, Plant and Equipment(Net PPE) was $21.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.2 Mil.
Selling, General, & Admin. Expense(SGA) was $141.7 Mil.
Total Current Liabilities was $526.1 Mil.
Long-Term Debt & Capital Lease Obligation was $1.5 Mil.
Net Income was $69.7 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $82.9 Mil.
 Total Receivables was $346.4 Mil.
Revenue was $272.4 Mil.
Gross Profit was $204.8 Mil.
Total Current Assets was $491.2 Mil.
Total Assets was $571.2 Mil.
Property, Plant and Equipment(Net PPE) was $19.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.3 Mil.
Selling, General, & Admin. Expense(SGA) was $121.6 Mil.
Total Current Liabilities was $444.0 Mil.
Long-Term Debt & Capital Lease Obligation was $1.6 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)
=(414.361 / 299.677) / (346.442 / 272.439)
=1.382692 / 1.271631
=1.0873

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)
=(204.836 / 272.439) / (227.325 / 299.677)
=0.75186 / 0.758567
=0.9912

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 - (554.466 + 21.516) / 644.197) / (1 - (491.238 + 19.099) / 571.181)
=0.105892 / 0.106523
=0.9941

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
=299.677 / 272.439
=1.1

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))
=(3.317 / (3.317 + 19.099)) / (4.226 / (4.226 + 21.516))
=0.147975 / 0.164168
=0.9014

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)
=(141.682 / 299.677) / (121.626 / 272.439)
=0.472782 / 0.446434
=1.059

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)
=((1.546 + 526.11) / 644.197) / ((1.592 + 444.021) / 571.181)
=0.819091 / 0.780161
=1.0499

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
=(69.677 - 0 - 82.94) / 644.197
=-0.020588

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.

Bytes Technology Group has a M-score of -2.45 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 -2.53 mean?
Bytes Technology Group (BYITY) has a Beneish M-Score of -2.53 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bytes Technology Group and its competitors. According to the industry distribution chart, Bytes Technology Group ranks #1337 out of 2633 companies in the Software industry, placing it in the top 50.8%.
Is Bytes Technology Group's Beneish M-Score too high?
Bytes Technology Group's current Beneish M-Score is -2.53. Based on the distribution chart, Bytes Technology Group ranks #1337 out of 2633 companies in the Software industry, which is below the industry midpoint. Overall, Bytes Technology Group has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bytes Technology Group's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Bytes Technology Group ranks #1337 out of 2633 companies for Beneish M-Score. This places Bytes Technology Group 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 Software company?
A good Beneish M-Score depends on the Software 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 Bytes Technology Group and its competitors. Bytes Technology Group's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bytes Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Bytes Technology Group (BYITY) is currently considered Significantly Undervalued. The stock's GF Value™ is $14.56, compared to a current price of $9.88 — trading 32.1% below its estimated fair value. The current Beneish M-Score is -2.53. Bytes Technology Group's overall GF Score™ is 66/100 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 Bytes Technology Group (BYITY), the current Beneish M-Score is -2.53 as of Jun. 24, 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 Bytes Technology Group (BYITY) Overvalued in 2026?

Based on GuruFocus' analysis, Bytes Technology Group stock appears to be undervalued. The current stock price of $9.88 is trading 32.1% below its estimated GF Value™ of $14.56. GuruFocus considers Bytes Technology Group to be Significantly Undervalued.

Key valuation signals for BYITY:

  • Beneish M-Score: -2.53
  • GF Value™: $14.56 vs. price of $9.88 (32.1% below fair value)
  • GF Score™: 66/100 with 2 warning signs

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

Bytes Technology Group Business Description

Address Randalls Way, Bytes House, Leatherhead, Surrey, GBR, KT22 7TW
Bytes Technology Group PLC is one of the UK's heading providers of IT software offerings and solutions, with a focus on cloud and security products. The Group enables effective and cost-efficient technology sourcing, adoption and management across software services, including in the areas of security and cloud. The company has only one reportable segment. The company's products are Software, Hardware, Services internal, and Services external. The company has presence in United Kingdom, Europe, Rest of world. The company generates majority of revenue from United Kingdom.
66GF Score

Get the complete analysis for BYITY

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

$9.88
Price
$14.56
GF Value