BZQIF (Bezeq The Israeli Telecommunication) Beneish M-Score: -2.95 (As of Jun. 25, 2026)

What is Bezeq The Israeli Telecommunication Beneish M-Score?

Bezeq The Israeli Telecommunication BZQIF 65 Beneish M-Score is -2.95 as of Jun. 25, 2026. GuruFocus rates BZQIF with a GF Score™ of 65/100 and a GF Value™ of $1.71 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 355 Telecommunication Services companies, Bezeq The Israeli Telecommunication ranks better than 65.35% 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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BZQIF' s Beneish M-Score Range Over the Past 10 Years
Min: -4.72 Med: -3.22 Max: -2.85
Current: -2.95

During the past 13 years, the highest Beneish M-Score of Bezeq The Israeli Telecommunication was -2.85. The lowest was -4.72. And the median was -3.22.

Bezeq The Israeli Telecommunication Beneish M-Score Related Terms

Bezeq The Israeli Telecommunication Beneish M-Score Historical Data

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The historical data trend for Bezeq The Israeli Telecommunication'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.

Bezeq The Israeli Telecommunication Beneish M-Score Chart

Bezeq The Israeli Telecommunication Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-2.93

-3.48

-3.25

-3.22

-2.85

Bezeq The Israeli Telecommunication 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															-3.11	-3.10	-2.88	-2.85	-2.95

BZQIF vs TMUS, VZ, T: Beneish M-Score Comparison

For the Telecom Services subindustry, Bezeq The Israeli Telecommunication'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.

Bezeq The Israeli Telecommunication Beneish M-Score vs Telecommunication Services Industry

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

* The bar in red indicates where Bezeq The Israeli Telecommunication's Beneish M-Score falls into.

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65GF Score

Bezeq The Israeli Telecommunication Corp Ltd BZQIF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Bezeq The Israeli Telecommunication 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 Bezeq The Israeli Telecommunication for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0252

0.528 * 0.973

0.404 * 1.1943

0.892 * 0.9743

0.115 * 1.0306

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0408

4.679 * -0.114968

0.327 * 0.9869

-2.95

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $555 Mil.
Revenue was 731.853 + 737.589 + 723.755 + 720.718 = $2,914 Mil.
Gross Profit was 640.414 + 636.365 + 628.604 + 619.494 = $2,525 Mil.
Total Current Assets was $1,688 Mil.
Total Assets was $5,520 Mil.
Property, Plant and Equipment(Net PPE) was $3,105 Mil.
Depreciation, Depletion and Amortization(DDA) was $539 Mil.
Selling, General, & Admin. Expense(SGA) was $171 Mil.
Total Current Liabilities was $1,443 Mil.
Long-Term Debt & Capital Lease Obligation was $2,795 Mil.
Net Income was 71.195 + 81.654 + 150.487 + 143.739 = $447 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 339.777 + 280.729 + 292.201 + 169.045 = $1,082 Mil.

Total Receivables was $556 Mil.
Revenue was 754.122 + 743.325 + 753.785 + 739.614 = $2,991 Mil.
Gross Profit was 638.052 + 625.23 + 637.039 + 621.181 = $2,522 Mil.
Total Current Assets was $1,635 Mil.
Total Assets was $5,257 Mil.
Property, Plant and Equipment(Net PPE) was $3,042 Mil.
Depreciation, Depletion and Amortization(DDA) was $547 Mil.
Selling, General, & Admin. Expense(SGA) was $168 Mil.
Total Current Liabilities was $1,366 Mil.
Long-Term Debt & Capital Lease Obligation was $2,722 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)
	=	(555.048 / 2913.915)	/	(555.722 / 2990.846)
	=	0.190482	/	0.185808
	=	1.0252

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)
	=	(2521.502 / 2990.846)	/	(2524.877 / 2913.915)
	=	0.843073	/	0.86649
	=	0.973

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 - (1688.087 + 3104.892) / 5520.446)	/	(1 - (1634.775 + 3041.796) / 5256.587)
	=	0.131777	/	0.110341
	=	1.1943

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
	=	2913.915	/	2990.846
	=	0.9743

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))
	=	(546.612 / (546.612 + 3041.796))	/	(538.514 / (538.514 + 3104.892))
	=	0.152327	/	0.147805
	=	1.0306

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)
	=	(170.732 / 2913.915)	/	(168.37 / 2990.846)
	=	0.058592	/	0.056295
	=	1.0408

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)
	=	((2794.808 + 1442.786) / 5520.446)	/	((2722.264 + 1366.193) / 5256.587)
	=	0.767618	/	0.777778
	=	0.9869

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
	=	(447.075 - 0	-	1081.752)	/	5520.446
	=	-0.114968

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.

Bezeq The Israeli Telecommunication has a M-score of -2.95 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 -2.95 mean?

Bezeq The Israeli Telecommunication (BZQIF) has a Beneish M-Score of -2.95 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bezeq The Israeli Telecommunication and its competitors. According to the industry distribution chart, Bezeq The Israeli Telecommunication ranks #123 out of 355 companies in the Telecommunication Services industry, placing it in the top 34.6%.

Is Bezeq The Israeli Telecommunication's Beneish M-Score too high?

Bezeq The Israeli Telecommunication's current Beneish M-Score is -2.95. Based on the distribution chart, Bezeq The Israeli Telecommunication ranks #123 out of 355 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Bezeq The Israeli Telecommunication has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Bezeq The Israeli Telecommunication's Beneish M-Score compare to TMUS and VZ?

According to the Telecommunication Services industry distribution chart, Bezeq The Israeli Telecommunication ranks #123 out of 355 companies for Beneish M-Score. This puts Bezeq The Israeli Telecommunication 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 Bezeq The Israeli Telecommunication and its competitors. Bezeq The Israeli Telecommunication's current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bezeq The Israeli Telecommunication stock overvalued right now?

Based on GuruFocus' analysis, Bezeq The Israeli Telecommunication (BZQIF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.71, compared to a current price of $2.44 — trading 42.4% above its estimated fair value. The current Beneish M-Score is -2.95. Bezeq The Israeli Telecommunication's overall GF Score™ is 65/100 with 3 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 Bezeq The Israeli Telecommunication (BZQIF), the current Beneish M-Score is -2.95 as of Jun. 25, 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 Bezeq The Israeli Telecommunication (BZQIF) Overvalued in 2026?

Based on GuruFocus' analysis, Bezeq The Israeli Telecommunication stock appears to be overvalued. The current stock price of $2.44 is trading 42.4% above its estimated GF Value™ of $1.71. GuruFocus considers Bezeq The Israeli Telecommunication to be Significantly Overvalued.

Key valuation signals for BZQIF:

Beneish M-Score: -2.95
GF Value™: $1.71 vs. price of $2.44 (42.4% above fair value)
GF Score™: 65/100 with 3 warning signs

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

Bezeq The Israeli Telecommunication Business Description

Industry Communication Services Telecommunication Services

Comparable Companies XTAE:PTNR XTAE:CEL XTAE:GLTL XTAE:NXTM XTAE:SCC TSE:9984 SHSE:600941 TMUS VZ T XTER:DTE NSE:BHARTIARTL CMCSA XZIM:ECO.ZW HKSE:00728 MEX:AMXB TSE:9432 TSE:9433 TSE:9434 SAU:7010

Other Exchanges BZQIY:USA BEZQ:Israel

Address 132 Menachem Begin Avenue, Azrieli Center, (Triangle Tower), 27th Floor, Tel Aviv, ISR, 61620

Website https://www.bezeq.co.il

Bezeq The Israeli Telecommunication Corp Ltd is a triple-play telecommunications company. The company generates revenue through the provision of mobile, broadband, and data. It operates through four business segments: Bezeq, Pelephone, Bezeq International, and DBS Satellite Services. The Bezeq segment generates revenue from fixed-line communications and contributes the majority of overall company revenue. Pelephone derives revenue from the provision of mobile services. Bezeq International and DBS Satellite Services produce revenue from the provision of Internet services and satellite TV services, respectively. The company owns telecommunications infrastructure, such as fibre networks. It generates the vast majority of its revenue in Israel.

65GF Score

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

$2.44

Price

$1.71

GF Value

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