Pluxee NV (CHIX:PLXP) Beneish M-Score: -2.55 (As of Jun. 24, 2026)


CHIX:PLXP Pluxee NV CHIX:PLXP
26 GF Score
Price €11.43
! 3 Warning Signs
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What is Pluxee NV Beneish M-Score?

Pluxee NV CHIX:PLXP 26 Beneish M-Score is -2.55 as of Jun. 24, 2026. GuruFocus rates CHIX:PLXP with a GF Score™ of 26/100. The stock has 3 warning signs investors should review. Among 1,020 Business Services companies, Pluxee NV ranks worse than 50.39% 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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:PLXp' s Beneish M-Score Range Over the Past 10 Years
Min: -3.1   Med: -2.55   Max: -2.44
Current: -2.55

During the past 5 years, the highest Beneish M-Score of Pluxee NV was -2.44. The lowest was -3.10. And the median was -2.55.

Pluxee NV Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pluxee 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.

Pluxee NV Beneish M-Score Chart

Pluxee NV Annual Data
Trend Aug21 Aug22 Aug23 Aug24 Aug25
Beneish M-Score
0.00 0.00 -3.10 -2.44 -2.55

Pluxee NV Semi-Annual Data
Aug21 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 -2.44 0.00 -2.55 0.00

CHIX:PLXP vs CTAS, CPRT, GPN: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Pluxee 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.

Pluxee NV Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Pluxee NV's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Pluxee NV's Beneish M-Score falls into.


CHIX:PLXP
26GF Score
Pluxee NV CHIX:PLXP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pluxee NV 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 Pluxee 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 * 1.0855+0.528 * 1+0.404 * 1.0593+0.892 * 1.0636+0.115 * 0.9208
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.048601-0.327 * 0.9821
=-2.55

* 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 (Aug25) TTM:Last Year (Aug24) TTM:
Total Receivables was €1,382 Mil.
Revenue was €1,287 Mil.
Gross Profit was €1,287 Mil.
Total Current Assets was €4,821 Mil.
Total Assets was €6,399 Mil.
Property, Plant and Equipment(Net PPE) was €70 Mil.
Depreciation, Depletion and Amortization(DDA) was €109 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €4,602 Mil.
Long-Term Debt & Capital Lease Obligation was €1,136 Mil.
Net Income was €197 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €508 Mil.
 Total Receivables was €1,197 Mil.
Revenue was €1,210 Mil.
Gross Profit was €1,210 Mil.
Total Current Assets was €4,548 Mil.
Total Assets was €5,947 Mil.
Property, Plant and Equipment(Net PPE) was €76 Mil.
Depreciation, Depletion and Amortization(DDA) was €97 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €4,288 Mil.
Long-Term Debt & Capital Lease Obligation was €1,142 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)
=(1382 / 1287) / (1197 / 1210)
=1.073815 / 0.989256
=1.0855

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)
=(1210 / 1210) / (1287 / 1287)
=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 - (4821 + 70) / 6399) / (1 - (4548 + 76) / 5947)
=0.235662 / 0.222465
=1.0593

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
=1287 / 1210
=1.0636

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))
=(97 / (97 + 76)) / (109 / (109 + 70))
=0.560694 / 0.608939
=0.9208

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)
=(0 / 1287) / (0 / 1210)
=0 / 0
=1

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)
=((1136 + 4602) / 6399) / ((1142 + 4288) / 5947)
=0.896703 / 0.913065
=0.9821

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
=(197 - 0 - 508) / 6399
=-0.048601

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.

Pluxee NV has a M-score of -2.55 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 -2.55 mean?
Pluxee NV (CHIX:PLXP) has a Beneish M-Score of -2.55 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pluxee NV and its competitors. According to the industry distribution chart, Pluxee NV ranks #514 out of 1020 companies in the Business Services industry, placing it in the top 50.4%.
Is Pluxee NV's Beneish M-Score too high?
Pluxee NV's current Beneish M-Score is -2.55. Based on the distribution chart, Pluxee NV ranks #514 out of 1020 companies in the Business Services industry, which is below the industry midpoint. Overall, Pluxee NV has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Pluxee NV's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Pluxee NV ranks #514 out of 1020 companies for Beneish M-Score. This places Pluxee 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 Business Services company?
A good Beneish M-Score depends on the Business 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 Pluxee NV and its competitors. Pluxee NV's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pluxee NV stock overvalued right now?
Pluxee NV (CHIX:PLXP) has a current Beneish M-Score of -2.55. The current Beneish M-Score is -2.55. Pluxee NV's overall GF Score™ is 26/100 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 Pluxee NV (CHIX:PLXP), the current Beneish M-Score is -2.55 as of Jun. 24, 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.

Pluxee NV Business Description

Address 16 rue du Passeur de Boulogne, Issy-les-Moulineaux, Paris, FRA, 92130
Pluxee NV is a company providing employee benefits and engagement. The company offers products and services focused on their real daily needs from meal orders to expense reports and well-being. The company's operating segments include: Continental Europe; Latin America; and Rest of the world. It derives maximum revenue from Continental Europe. Geographically, the company derives maximum revenue from Brazil.
26GF 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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