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 -3.05 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Character Group (The)'s Beneish M-Score or its related term are showing as below:
CGROF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.46 Med: -2.64 Max: -1.66
Current: -3.05
During the past 13 years, the highest Beneish M-Score of Character Group (The) was -1.66. The lowest was -3.46. And the median was -2.64.
Character Group (The) Beneish M-Score Related Terms
Character Group (The) Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Character Group (The)'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.
For the Leisure subindustry, Character Group (The)'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.
Character Group (The) Beneish M-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Character Group (The)'s Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Character Group (The)'s Beneish M-Score falls into.
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 Character Group (The) 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 * 1.0207
+
0.528 * 1.0109
+
0.404 * 1.4091
+
0.892 * 0.8458
+
0.115 * 1.1821
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1815
+
4.679 * -0.122823
-
0.327 * 1.0301
=
-3.02
* 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.
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.
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))
=
(4.573 / (4.573 + 14.12))
/
(3.834 / (3.834 + 14.692))
=
0.244637
/
0.206952
=
1.1821
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
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
=
(-1.673 - 0
-
9.108)
/
87.777
=
-0.122823
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.
Character Group (The) has a M-score of -3.02 suggests that the company is unlikely to be a manipulator.
Character Group (The) (CGROF) has a Beneish M-Score of -3.05 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Character Group (The) and its competitors. According to the industry distribution chart, Character Group (The) ranks #168 out of 824 companies in the Travel & Leisure industry, placing it in the top 20.4%.
Is Character Group (The)'s Beneish M-Score too high?
Character Group (The)'s current Beneish M-Score is -3.05. Based on the distribution chart, Character Group (The) ranks #168 out of 824 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Character Group (The) has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Character Group (The)'s Beneish M-Score compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Character Group (The) ranks #168 out of 824 companies for Beneish M-Score. This places Character Group (The) in the top 20% of its industry — outperforming the majority of peers. 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Character Group (The) and its competitors. Character Group (The)'s current Beneish M-Score is -3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Character Group (The) stock overvalued right now?
Character Group (The) (CGROF) has a current Beneish M-Score of -3.05. The stock's GF Value™ is $2.68, compared to a current price of $3.26 — trading 21.6% above its estimated fair value. The current Beneish M-Score is -3.05. Character Group (The)'s overall GF Score™ is 72/100 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 Character Group (The) (CGROF), the current Beneish M-Score is -3.05 as of Jun. 26, 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 Character Group (The) (CGROF) Overvalued in 2026?
Based on GuruFocus' analysis, Character Group (The) stock appears to be overvalued.
The current stock price of $3.26 is trading 21.6% above its estimated GF Value™ of $2.68.
Key valuation signals for CGROF:
Beneish M-Score: -3.05
GF Value™: $2.68 vs. price of $3.26 (21.6% above fair value)
No single metric tells the full story. See the CGROF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Character Group (The) PLC is engaged in the design, development, manufacture, and international distribution of toys, games, and giftware, including licensed products based on film, television, comic, and digital characters. The Group designs and distributes a wide range of toys and playthings across Pre-school, Boys, Girls, and Activity and Crafts categories, with brands such as Goo Jit Zu, Peppa Pig, and Sticki Rolls. Its principal markets are the United Kingdom and Scandinavia, with operations across Europe and the rest of the world, and international expansion is a key area of focus. The Group partners on an exclusive basis with overseas toy producers, serves toy retailers, independent stores, and distributors, and generates the majority of its revenue from the United Kingdom.
72GF Score
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