CABPF (CAB Payments Holdings) Beneish M-Score: -0.66 (As of Jun. 25, 2026)


CABPF CAB Payments Holdings PLC CABPF
34 GF Score
Price $1.02
GF Value $0.56
Valuation Significantly Overvalued
! 4 Warning Signs
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What is CAB Payments Holdings Beneish M-Score?

CAB Payments Holdings CABPF 34 Beneish M-Score is -0.66 as of Jun. 25, 2026. GuruFocus rates CABPF with a GF Score™ of 34/100 and a GF Value™ of $0.56 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,396 Banks companies, CAB Payments Holdings ranks worse than 97.85% on this metric.

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.

Warning Sign:

Beneish M-Score -0.66 higher than -1.78, which implies that the company might have manipulated its financial results.

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

CABPF' s Beneish M-Score Range Over the Past 10 Years
Min: -8.87   Med: -2.11   Max: -0.66
Current: -0.66

During the past 6 years, the highest Beneish M-Score of CAB Payments Holdings was -0.66. The lowest was -8.87. And the median was -2.11.

CABPF
34GF Score
CAB Payments Holdings PLC CABPF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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CAB Payments Holdings 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 CAB Payments Holdings 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 * 1.1799+0.115 * 0.7914
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9436+4.679 * 0.380614-0.327 * 1.1457
=-0.60

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $0.0 Mil.
Revenue was $157.4 Mil.
Gross Profit was $157.4 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $2,221.9 Mil.
Property, Plant and Equipment(Net PPE) was $24.1 Mil.
Depreciation, Depletion and Amortization(DDA) was $14.2 Mil.
Selling, General, & Admin. Expense(SGA) was $8.1 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $25.5 Mil.
Net Income was $18.1 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $-827.5 Mil.
 Total Receivables was $0.0 Mil.
Revenue was $133.4 Mil.
Gross Profit was $133.4 Mil.
Total Current Assets was $0.0 Mil.
Total Assets was $2,281.7 Mil.
Property, Plant and Equipment(Net PPE) was $26.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $10.8 Mil.
Selling, General, & Admin. Expense(SGA) was $7.3 Mil.
Total Current Liabilities was $0.0 Mil.
Long-Term Debt & Capital Lease Obligation was $22.8 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 / 157.442) / (0 / 133.437)
=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)
=(133.437 / 133.437) / (157.442 / 157.442)
=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 + 24.112) / 2221.853) / (1 - (0 + 25.961) / 2281.726)
=0.989148 / 0.988622
=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
=157.442 / 133.437
=1.1799

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))
=(10.788 / (10.788 + 25.961)) / (14.217 / (14.217 + 24.112))
=0.293559 / 0.37092
=0.7914

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)
=(8.08 / 157.442) / (7.257 / 133.437)
=0.05132 / 0.054385
=0.9436

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)
=((25.485 + 0) / 2221.853) / ((22.843 + 0) / 2281.726)
=0.01147 / 0.010011
=1.1457

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
=(18.147 - 0 - -827.521) / 2221.853
=0.380614

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.

CAB Payments Holdings has a M-score of -0.60 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.66 mean?
CAB Payments Holdings (CABPF) has a Beneish M-Score of -0.66 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CAB Payments Holdings and its competitors. According to the industry distribution chart, CAB Payments Holdings ranks #1366 out of 1396 companies in the Banks industry, placing it in the top 97.9%.
Is CAB Payments Holdings' Beneish M-Score too high?
CAB Payments Holdings' current Beneish M-Score is -0.66. Based on the distribution chart, CAB Payments Holdings ranks #1366 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, CAB Payments Holdings has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CAB Payments Holdings' Beneish M-Score compare to JPM and BAC?
According to the Banks industry distribution chart, CAB Payments Holdings ranks #1366 out of 1396 companies for Beneish M-Score. This places CAB Payments Holdings 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 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 CAB Payments Holdings and its competitors. CAB Payments Holdings's current Beneish M-Score is -0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CAB Payments Holdings stock overvalued right now?
Based on GuruFocus' analysis, CAB Payments Holdings (CABPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.56, compared to a current price of $1.02 — trading 82.1% above its estimated fair value. The current Beneish M-Score is -0.66. CAB Payments Holdings' overall GF Score™ is 34/100 with 4 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 CAB Payments Holdings (CABPF), the current Beneish M-Score is -0.66 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 CAB Payments Holdings (CABPF) Overvalued in 2026?

Based on GuruFocus' analysis, CAB Payments Holdings stock appears to be overvalued. The current stock price of $1.02 is trading 82.1% above its estimated GF Value™ of $0.56. GuruFocus considers CAB Payments Holdings to be Significantly Overvalued.

Key valuation signals for CABPF:

  • Beneish M-Score: -0.66
  • GF Value™: $0.56 vs. price of $1.02 (82.1% above fair value)
  • GF Score™: 34/100 with 4 warning signs

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

CAB Payments Holdings Business Description

Other Exchanges CABPl:UKCABP:UK2SY:Germany
Address 3 London Bridge Street, London, GBR, SE1 9SG
CAB Payments Holdings PLC offers cross-border payments and banking services for hard-to-reach markets around the world. Along with its subsidiaries, the company operates in three principal business lines, addressing various combinations of client groups, distribution networks, and services: Foreign Exchange (FX), which derives maximum revenue, Payments, and Banking Services. Foreign Exchange (FX) business provides access to clients to various markets and currencies, and enables them to trade in a way that suits their business needs, via web app, GUI, or FIX API; Payments business provides international payment solutions; and Banking Services engages in wholesale banking, providing transaction and deposit accounts, in addition to trade finance solutions.
34GF Score

Get the complete analysis for CABPF

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

$1.02
Price
$0.56
GF Value