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Frontier Services GroupDVNHF Beneish M-Score is -3.39 as of Jul. 19, 2026. The stock has 3 warning signs investors should review. Among 539 Conglomerates companies, Frontier Services Group ranks better than 94.43% 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 -3.39 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Frontier Services Group's Beneish M-Score or its related term are showing as below:
DVNHF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.69 Med: -2.72 Max: 5.89
Current: -3.39
During the past 13 years, the highest Beneish M-Score of Frontier Services Group was 5.89. The lowest was -3.69. And the median was -2.72.
Frontier Services Group Beneish M-Score Related Terms
Frontier Services Group Beneish M-Score Historical Data
* 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 Conglomerates subindustry, Frontier Services Group'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.
Frontier Services Group Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Frontier Services Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Frontier Services Group's Beneish M-Score falls into.
Frontier Services Group 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 Frontier Services Group 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 * 1.1496
+
0.528 * 1.9205
+
0.404 * 0.8286
+
0.892 * 0.8829
+
0.115 * 0.8397
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2729
+
4.679 * -0.262258
-
0.327 * 1.2159
=
-3.39
* 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))
=
(4.752 / (4.752 + 19.135))
/
(3.793 / (3.793 + 12.217))
=
0.198937
/
0.236914
=
0.8397
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
=
(-26.283 - 0
-
-2.732)
/
89.801
=
-0.262258
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.
Frontier Services Group has a M-score of -3.39 suggests that the company is unlikely to be a manipulator.
Frontier Services Group (DVNHF) has a Beneish M-Score of -3.39 as of Jul. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Frontier Services Group and its competitors. According to the industry distribution chart, Frontier Services Group ranks #30 out of 539 companies in the Conglomerates industry, placing it in the top 5.6%.
Is Frontier Services Group's Beneish M-Score too high?
Frontier Services Group's current Beneish M-Score is -3.39. Based on the distribution chart, Frontier Services Group ranks #30 out of 539 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers.
How does Frontier Services Group's Beneish M-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Frontier Services Group ranks #30 out of 539 companies for Beneish M-Score. This places Frontier Services Group in the top 6% 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 Frontier Services Group and its competitors. Frontier Services Group's current Beneish M-Score is -3.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier Services Group stock overvalued right now?
Frontier Services Group (DVNHF) has a current Beneish M-Score of -3.39. The stock's GF Value™ is $0.02, compared to a current price of $0.01 — trading 53.8% below its estimated fair value. The current Beneish M-Score is -3.39. 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 Frontier Services Group (DVNHF), the current Beneish M-Score is -3.39 as of Jul. 19, 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.
Frontier Services Group Ltd is an investment holding company. The group is principally engaged in the provision of aviation, logistics, security, insurance, and infrastructure-related services and the provision of online financial market information. It operates in three business segments, which include the Aviation and Logistics Business, Security, Insurance and Infrastructure Business, and Others. The company generates the majority of its revenue from Security, Insurance and Infrastructure Business. Geographically, the company operates in the DRC; The People's Republic of China (PRC) including Hong Kong and Mainland China; Kenya; Nigeria; Laos; and Others, of which It derives maximum revenue from the DRC.
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