EMWPF (Eros Media World) Beneish M-Score: 0.00 (As of Sep. 10, 2026)

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EMWPF Eros Media World PLC EMWPF
12 GF Score
Price $0.00
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What is Eros Media World Beneish M-Score?

Eros Media World EMWPF 12 Beneish M-Score is 0.00 as of Sep. 10, 2026. GuruFocus rates EMWPF with a GF Score™ of 12/100.

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.

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

During the past 13 years, the highest Beneish M-Score of Eros Media World was 0.00. The lowest was 0.00. And the median was 0.00.

Eros Media World Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Eros Media World'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.

Eros Media World Beneish M-Score Chart

Eros Media World Annual Data
Trend Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.36 -2.53 -2.77 -3.08 -4.02

Eros Media World Semi-Annual Data
Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20
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 -2.79 -3.08 -3.10 -4.02 -3.48

Eros Media World Beneish M-Score Competitor Comparison

For the Entertainment subindustry, Eros Media World'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.

Eros Media World Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Eros Media World's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Eros Media World's Beneish M-Score falls into.


EMWPF
12GF Score
Eros Media World PLC EMWPF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Eros Media World 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 Eros Media World 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 * 0.9085+0.528 * 0.8955+0.404 * 1.1805+0.892 * 0.5755+0.115 * 1.07
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.8781+4.679 * -0.004038-0.327 * 1.3223
=-3.36

* 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 (Mar20) TTM:Last Year (Mar19) TTM:
Total Receivables was $107.25 Mil.
Revenue was $155.45 Mil.
Gross Profit was $73.73 Mil.
Total Current Assets was $118.41 Mil.
Total Assets was $607.66 Mil.
Property, Plant and Equipment(Net PPE) was $10.75 Mil.
Depreciation, Depletion and Amortization(DDA) was $67.91 Mil.
Selling, General, & Admin. Expense(SGA) was $144.32 Mil.
Total Current Liabilities was $225.28 Mil.
Long-Term Debt & Capital Lease Obligation was $62.94 Mil.
Net Income was $-418.99 Mil.
Gross Profit was $-435.28 Mil.
Cash Flow from Operations was $18.74 Mil.
 Total Receivables was $205.15 Mil.
Revenue was $270.13 Mil.
Gross Profit was $114.73 Mil.
Total Current Assets was $351.60 Mil.
Total Assets was $1,088.90 Mil.
Property, Plant and Equipment(Net PPE) was $10.92 Mil.
Depreciation, Depletion and Amortization(DDA) was $132.42 Mil.
Selling, General, & Admin. Expense(SGA) was $87.13 Mil.
Total Current Liabilities was $318.67 Mil.
Long-Term Debt & Capital Lease Obligation was $71.92 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)
=(107.253 / 155.452) / (205.145 / 270.126)
=0.689943 / 0.759442
=0.9085

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)
=(114.73 / 270.126) / (73.727 / 155.452)
=0.424728 / 0.474275
=0.8955

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 - (118.405 + 10.746) / 607.656) / (1 - (351.597 + 10.921) / 1088.902)
=0.78746 / 0.667079
=1.1805

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
=155.452 / 270.126
=0.5755

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))
=(132.418 / (132.418 + 10.921)) / (67.913 / (67.913 + 10.746))
=0.92381 / 0.863385
=1.07

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)
=(144.319 / 155.452) / (87.134 / 270.126)
=0.928383 / 0.322568
=2.8781

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)
=((62.944 + 225.28) / 607.656) / ((71.92 + 318.672) / 1088.902)
=0.474321 / 0.358703
=1.3223

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
=(-418.992 - -435.276 - 18.738) / 607.656
=-0.004038

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.

Eros Media World has a M-score of -3.36 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 0.00 mean?
Eros Media World (EMWPF) has a Beneish M-Score of 0.00 as of Sep. 10, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eros Media World and its competitors.
Is Eros Media World's Beneish M-Score too high?
Eros Media World's current Beneish M-Score is 0.00. Overall, Eros Media World has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Eros Media World's Beneish M-Score compare to competitors?
Eros Media World's Beneish M-Score of 0.00 can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Eros Media World and its competitors. Eros Media World's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eros Media World stock overvalued right now?
Eros Media World (EMWPF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Eros Media World's overall GF Score™ is 12/100. 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 Eros Media World (EMWPF), the current Beneish M-Score is 0.00 as of Sep. 10, 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.

Eros Media World Business Description

Address 550 County Avenue, Secaucus, NJ, USA, 07094
Eros Media World PLC is a film production and distribution company. It distributes its film content across multiplex chains and stand-alone theatres and broadcasts television content via tie-ups with channels such as ZEE TV and Star TV. The company also has a digital presence through its website; www.erosnow.com and an independent channel on Youtube. Geographically, it has a presence in India, North America, Europe and the Rest of the world. The company's primary revenue streams are derived from three channels: theatrical, television syndication and digital and ancillary.
12GF 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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