CTP NVCHIX:CTPNVA 80 Beneish M-Score is -1.95 as of Jun. 28, 2026. GuruFocus rates CHIX:CTPNVA with a GF Score™ of 80/100 and a GF Value™ of €18.35 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,684 Real Estate companies, CTP NV ranks worse than 69.42% 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 -1.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for CTP NV's Beneish M-Score or its related term are showing as below:
CHIX:CTPNVa'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.3 Med: -2.04 Max: -0.6
Current: -1.95
During the past 8 years, the highest Beneish M-Score of CTP NV was -0.60. The lowest was -2.30. And the median was -2.04.
CTP NV Beneish M-Score Related Terms
CTP NV Beneish M-Score Historical Data
* Premium members only.
The historical data trend for CTP NV'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 Real Estate - Development subindustry, CTP NV'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.
CTP NV Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, CTP NV's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where CTP NV'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 CTP NV 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 * 1.2272
+
0.528 * 0.9825
+
0.404 * 1.0671
+
0.892 * 1.1133
+
0.115 * 0.9874
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1
+
4.679 * 0.039442
-
0.327 * 0.9383
=
-1.95
* 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))
=
(15.3 / (15.3 + 249))
/
(17.6 / (17.6 + 282.6))
=
0.057889
/
0.058628
=
0.9874
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
=
(1098 - 0
-
298.2)
/
20278.1
=
0.039442
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.
CTP NV has a M-score of -1.95 suggests that the company is unlikely to be a manipulator.
CTP NV (CHIX:CTPNVA) has a Beneish M-Score of -1.95 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CTP NV and its competitors. According to the industry distribution chart, CTP NV ranks #1169 out of 1684 companies in the Real Estate industry, placing it in the top 69.4%.
Is CTP NV's Beneish M-Score too high?
CTP NV's current Beneish M-Score is -1.95. Based on the distribution chart, CTP NV ranks #1169 out of 1684 companies in the Real Estate industry, which is below the industry midpoint. Overall, CTP NV has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CTP NV's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, CTP NV ranks #1169 out of 1684 companies for Beneish M-Score. This places CTP NV 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 CTP NV and its competitors. CTP NV's current Beneish M-Score is -1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTP NV stock overvalued right now?
Based on GuruFocus' analysis, CTP NV (CHIX:CTPNVA) is currently considered Modestly Undervalued. The stock's GF Value™ is €18.35, compared to a current price of €15.54 — trading 15.3% below its estimated fair value. The current Beneish M-Score is -1.95. CTP NV's overall GF Score™ is 80/100 with 8 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 CTP NV (CHIX:CTPNVA), the current Beneish M-Score is -1.95 as of Jun. 28, 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 CTP NV (CHIX:CTPNVA) Overvalued in 2026?
Based on GuruFocus' analysis, CTP NV stock appears to be undervalued.
The current stock price of €15.54 is trading 15.3% below its estimated GF Value™ of €18.35.
GuruFocus considers CTP NV to be Modestly Undervalued.
Key valuation signals for CHIX:CTPNVA:
Beneish M-Score: -1.95
GF Value™: €18.35 vs. price of €15.54 (15.3% below fair value)
No single metric tells the full story. See the CHIX:CTPNVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CTP NV is the full-service commercial real estate developer managing and delivering custom-built, high-tech business parks throughout Central and Eastern Europe, the Netherlands, Austria and Germany A vast majority of its revenue is earned through rental income. The Group reports operating segments based on geographical segmentation: the Czech Republic, Romania, Hungary, Slovakia, the Netherlands, Germany, Poland, and other markets.
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