CVGYY Beneish M-Score: -2.65 (As of Jun. 24, 2026)


What is Converge Information And Communications Technology Solutions Beneish M-Score?

Converge Information And Communications Technology Solutions CVGYY 95 Beneish M-Score is -2.65 as of Jun. 24, 2026. GuruFocus rates CVGYY with a GF Score™ of 95/100. The stock has 2 warning signs investors should review. Among 355 Telecommunication Services companies, Converge Information And Communications Technology Solutions ranks worse than 63.94% 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 -2.65 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Converge Information And Communications Technology Solutions's Beneish M-Score or its related term are showing as below:

CVGYY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.34   Med: -2.7   Max: -2.2
Current: -2.65

During the past 8 years, the highest Beneish M-Score of Converge Information And Communications Technology Solutions was -2.20. The lowest was -3.34. And the median was -2.70.

Converge Information And Communications Technology Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Converge Information And Communications Technology Solutions'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.

Converge Information And Communications Technology Solutions Beneish M-Score Chart

Converge Information And Communications Technology Solutions Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -2.30 -2.81 -2.96 -2.79 -2.64

Converge Information And Communications Technology Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.74 -2.30 -2.56 -2.64 -2.65

CVGYY vs TMUS, VZ, T: Beneish M-Score Comparison

For the Telecom Services subindustry, Converge Information And Communications Technology Solutions'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.

Converge Information And Communications Technology Solutions Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Converge Information And Communications Technology Solutions's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Converge Information And Communications Technology Solutions's Beneish M-Score falls into.


Converge Information And Communications Technology Solutions 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 Converge Information And Communications Technology Solutions 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 * 1.1064+0.528 * 0.9993+0.404 * 1.1428+0.892 * 1.0788+0.115 * 1.0864
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0634+4.679 * -0.083995-0.327 * 0.9968
=-2.65

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $92.20 Mil.
Revenue was 182.886 + 192.785 + 182.889 + 179.481 = $738.04 Mil.
Gross Profit was 121.256 + 122.184 + 116.039 + 119.512 = $478.99 Mil.
Total Current Assets was $451.61 Mil.
Total Assets was $1,997.20 Mil.
Property, Plant and Equipment(Net PPE) was $1,439.20 Mil.
Depreciation, Depletion and Amortization(DDA) was $133.89 Mil.
Selling, General, & Admin. Expense(SGA) was $120.90 Mil.
Total Current Liabilities was $526.56 Mil.
Long-Term Debt & Capital Lease Obligation was $403.50 Mil.
Net Income was 49.724 + 48.335 + 48.241 + 47.864 = $194.16 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 86.88 + 128.52 + 86.889 + 59.629 = $361.92 Mil.
 Total Receivables was $77.24 Mil.
Revenue was 176.416 + 174.386 + 170.254 + 163.069 = $684.13 Mil.
Gross Profit was 116.598 + 112.28 + 112.653 + 102.159 = $443.69 Mil.
Total Current Assets was $447.23 Mil.
Total Assets was $1,766.25 Mil.
Property, Plant and Equipment(Net PPE) was $1,236.68 Mil.
Depreciation, Depletion and Amortization(DDA) was $126.00 Mil.
Selling, General, & Admin. Expense(SGA) was $105.39 Mil.
Total Current Liabilities was $431.28 Mil.
Long-Term Debt & Capital Lease Obligation was $393.85 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)
=(92.198 / 738.041) / (77.243 / 684.125)
=0.124923 / 0.112908
=1.1064

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)
=(443.69 / 684.125) / (478.991 / 738.041)
=0.648551 / 0.649003
=0.9993

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 - (451.605 + 1439.202) / 1997.196) / (1 - (447.234 + 1236.683) / 1766.246)
=0.053269 / 0.046612
=1.1428

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
=738.041 / 684.125
=1.0788

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))
=(126.001 / (126.001 + 1236.683)) / (133.885 / (133.885 + 1439.202))
=0.092465 / 0.08511
=1.0864

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)
=(120.898 / 738.041) / (105.388 / 684.125)
=0.163809 / 0.154048
=1.0634

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)
=((403.502 + 526.563) / 1997.196) / ((393.847 + 431.277) / 1766.246)
=0.465685 / 0.467163
=0.9968

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
=(194.164 - 0 - 361.918) / 1997.196
=-0.083995

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.

Converge Information And Communications Technology Solutions has a M-score of -2.65 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 -2.65 mean?
Converge Information And Communications Technology Solutions (CVGYY) has a Beneish M-Score of -2.65 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Converge Information And Communications Technology Solutions and its competitors. According to the industry distribution chart, Converge Information And Communications Technology Solutions ranks #227 out of 355 companies in the Telecommunication Services industry, placing it in the top 63.9%.
Is Converge Information And Communications Technology Solutions' Beneish M-Score too high?
Converge Information And Communications Technology Solutions' current Beneish M-Score is -2.65. Based on the distribution chart, Converge Information And Communications Technology Solutions ranks #227 out of 355 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Converge Information And Communications Technology Solutions has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Converge Information And Communications Technology Solutions' Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Converge Information And Communications Technology Solutions ranks #227 out of 355 companies for Beneish M-Score. This places Converge Information And Communications Technology Solutions 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication 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 Converge Information And Communications Technology Solutions and its competitors. Converge Information And Communications Technology Solutions's current Beneish M-Score is -2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Converge Information And Communications Technology Solutions stock overvalued right now?
Converge Information And Communications Technology Solutions (CVGYY) has a current Beneish M-Score of -2.65. The current Beneish M-Score is -2.65. Converge Information And Communications Technology Solutions' overall GF Score™ is 95/100 with 2 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 Converge Information And Communications Technology Solutions (CVGYY), the current Beneish M-Score is -2.65 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.

Converge Information And Communications Technology Solutions Business Description

Other Exchanges CNVRG:Philippines
Address Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009
Converge Information And Communications Technology Solutions Inc is a pure-play high-speed fixed broadband provider in the Philippines, with industry optical fiber-based connectivity services. Its singular focus on high-speed fixed broadband services is deeply ingrained in the organization and permeates all aspects of Converge's operations, including network rollout, product and service innovation, sales, and customer service. The company operates in two businesses, namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business. The company derives all its revenue from Philippines.