CGTL (Creative Global Technology Holdings) Beneish M-Score: -9.43 (As of Jul. 25, 2026)

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CGTL Creative Global Technology Holdings Ltd CGTL
22 GF Score
Price $4.82
! 4 Warning Signs
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What is Creative Global Technology Holdings Beneish M-Score?

Creative Global Technology Holdings CGTL +0.73% 22 Beneish M-Score is -9.43 as of Jul. 25, 2026. GuruFocus rates CGTL with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 1,085 Retail - Cyclical companies, Creative Global Technology Holdings ranks better than 99.45% 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 -9.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CGTL' s Beneish M-Score Range Over the Past 10 Years
Min: -9.43   Med: -5.1   Max: -0.76
Current: -9.43

During the past 5 years, the highest Beneish M-Score of Creative Global Technology Holdings was -0.76. The lowest was -9.43. And the median was -5.10.

Creative Global Technology Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Creative Global Technology Holdings'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.

Creative Global Technology Holdings Beneish M-Score Chart

Creative Global Technology Holdings Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
0.00 0.00 0.00 -0.76 -9.43

Creative Global Technology Holdings Semi-Annual Data
Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 -0.76 0.00 -9.43

CGTL vs JBDI, BWTL, BQ: Beneish M-Score Comparison

For the Specialty Retail subindustry, Creative Global Technology Holdings'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.

Creative Global Technology Holdings Beneish M-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Creative Global Technology Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Creative Global Technology Holdings's Beneish M-Score falls into.


CGTL
22GF Score
Creative Global Technology Holdings Ltd CGTL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Creative Global Technology 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 Creative Global Technology 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 * 0+0.528 * 1.6468+0.404 * 0.0209+0.892 * 0.5939+0.115 * 0.9356
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 22.5954+4.679 * -0.468041-0.327 * 0.0783
=-9.43

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was $0.00 Mil.
Revenue was $21.15 Mil.
Gross Profit was $2.29 Mil.
Total Current Assets was $18.24 Mil.
Total Assets was $18.29 Mil.
Property, Plant and Equipment(Net PPE) was $0.03 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.02 Mil.
Selling, General, & Admin. Expense(SGA) was $15.45 Mil.
Total Current Liabilities was $0.25 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-13.37 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $-4.81 Mil.
 Total Receivables was $10.49 Mil.
Revenue was $35.61 Mil.
Gross Profit was $6.34 Mil.
Total Current Assets was $15.32 Mil.
Total Assets was $16.32 Mil.
Property, Plant and Equipment(Net PPE) was $0.15 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.08 Mil.
Selling, General, & Admin. Expense(SGA) was $1.15 Mil.
Total Current Liabilities was $2.84 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 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 / 21.15) / (10.492 / 35.612)
=0 / 0.29462
=0

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)
=(6.336 / 35.612) / (2.285 / 21.15)
=0.177918 / 0.108038
=1.6468

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 - (18.241 + 0.028) / 18.289) / (1 - (15.315 + 0.15) / 16.32)
=0.001094 / 0.05239
=0.0209

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
=21.15 / 35.612
=0.5939

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))
=(0.082 / (0.082 + 0.15)) / (0.017 / (0.017 + 0.028))
=0.353448 / 0.377778
=0.9356

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)
=(15.446 / 21.15) / (1.151 / 35.612)
=0.730307 / 0.032321
=22.5954

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)
=((0 + 0.251) / 18.289) / ((0.019 + 2.841) / 16.32)
=0.013724 / 0.175245
=0.0783

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
=(-13.37 - 0.001 - -4.811) / 18.289
=-0.468041

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.

Creative Global Technology Holdings has a M-score of -9.43 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 -9.43 mean?
Creative Global Technology Holdings (CGTL) has a Beneish M-Score of -9.43 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Creative Global Technology Holdings and its competitors. According to the industry distribution chart, Creative Global Technology Holdings ranks #6 out of 1085 companies in the Retail - Cyclical industry, placing it in the top 0.59999999999999%.
Is Creative Global Technology Holdings' Beneish M-Score too high?
Creative Global Technology Holdings' current Beneish M-Score is -9.43. Based on the distribution chart, Creative Global Technology Holdings ranks #6 out of 1085 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Creative Global Technology Holdings has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Creative Global Technology Holdings' Beneish M-Score compare to JBDI and BWTL?
According to the Retail - Cyclical industry distribution chart, Creative Global Technology Holdings ranks #6 out of 1085 companies for Beneish M-Score. This places Creative Global Technology Holdings in the top 1% 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Creative Global Technology Holdings and its competitors. Creative Global Technology Holdings's current Beneish M-Score is -9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Creative Global Technology Holdings stock overvalued right now?
Creative Global Technology Holdings (CGTL) has a current Beneish M-Score of -9.43. The current Beneish M-Score is -9.43. Creative Global Technology Holdings' overall GF Score™ is 22/100 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 Creative Global Technology Holdings (CGTL), the current Beneish M-Score is -9.43 as of Jul. 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.

Creative Global Technology Holdings Business Description

Address 26 Hung To Road, Unit 03, 22nd Floor, Westin Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Creative Global Technology Holdings Ltd conducts its business through its subsidiary, which is a Hong Kong-based company sourcing and reselling recycled consumer electronic devices, currently mostly smartphones, tablets, and laptops.
22GF Score

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

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