St James's Place (FRA:1IV) Beneish M-Score: -2.06 (As of Jun. 24, 2026)


FRA:1IV St James's Place PLC FRA:1IV
53 GF Score
Price €13.40
GF Value €7.95
Valuation Significantly Overvalued
! 4 Warning Signs
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What is St James's Place Beneish M-Score?

St James's Place FRA:1IV +1.52% 53 Beneish M-Score is -2.06 as of Jun. 24, 2026. GuruFocus rates FRA:1IV with a GF Score™ of 53/100 and a GF Value™ of €7.95 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 955 Asset Management companies, St James's Place ranks worse than 57.49% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:1IV' s Beneish M-Score Range Over the Past 10 Years
Min: -2.66   Med: -1.92   Max: -0.53
Current: -2.06

During the past 13 years, the highest Beneish M-Score of St James's Place was -0.53. The lowest was -2.66. And the median was -1.92.

FRA:1IV
53GF Score
St James's Place PLC FRA:1IV
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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St James's Place 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 St James's Place 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 * 0.9357+0.528 * 1+0.404 * 1.0001+0.892 * 1.0999+0.115 * 1.429
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.002552-0.327 * 0.6143
=-2.11

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was €1,960 Mil.
Revenue was €34,456 Mil.
Gross Profit was €34,456 Mil.
Total Current Assets was €0 Mil.
Total Assets was €257,089 Mil.
Property, Plant and Equipment(Net PPE) was €140 Mil.
Depreciation, Depletion and Amortization(DDA) was €32 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €506 Mil.
Net Income was €607 Mil.
Gross Profit was €43 Mil.
Cash Flow from Operations was €1,220 Mil.
 Total Receivables was €1,905 Mil.
Revenue was €31,327 Mil.
Gross Profit was €31,327 Mil.
Total Current Assets was €0 Mil.
Total Assets was €235,279 Mil.
Property, Plant and Equipment(Net PPE) was €162 Mil.
Depreciation, Depletion and Amortization(DDA) was €59 Mil.
Selling, General, & Admin. Expense(SGA) was €208 Mil.
Total Current Liabilities was €0 Mil.
Long-Term Debt & Capital Lease Obligation was €753 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)
=(1960.313 / 34456.442) / (1904.688 / 31327.26)
=0.056892 / 0.0608
=0.9357

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)
=(31327.26 / 31327.26) / (34456.442 / 34456.442)
=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 - (0 + 139.818) / 257088.869) / (1 - (0 + 161.783) / 235279.04)
=0.999456 / 0.999312
=1.0001

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
=34456.442 / 31327.26
=1.0999

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))
=(59.159 / (59.159 + 161.783)) / (32.239 / (32.239 + 139.818))
=0.267758 / 0.187374
=1.429

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 / 34456.442) / (207.782 / 31327.26)
=0 / 0.006633
=0

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)
=((505.655 + 0) / 257088.869) / ((753.375 + 0) / 235279.04)
=0.001967 / 0.003202
=0.6143

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
=(607.175 - 43.329 - 1220.065) / 257088.869
=-0.002552

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.

St James's Place has a M-score of -2.11 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 -2.06 mean?
St James's Place (FRA:1IV) has a Beneish M-Score of -2.06 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on St James's Place and its competitors. According to the industry distribution chart, St James's Place ranks #549 out of 955 companies in the Asset Management industry, placing it in the top 57.5%.
Is St James's Place's Beneish M-Score too high?
St James's Place's current Beneish M-Score is -2.06. Based on the distribution chart, St James's Place ranks #549 out of 955 companies in the Asset Management industry, which is below the industry midpoint. Overall, St James's Place has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does St James's Place's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, St James's Place ranks #549 out of 955 companies for Beneish M-Score. This places St James's Place 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 St James's Place and its competitors. St James's Place's current Beneish M-Score is -2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is St James's Place stock overvalued right now?
Based on GuruFocus' analysis, St James's Place (FRA:1IV) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.95, compared to a current price of €13.40 — trading 68.6% above its estimated fair value. The current Beneish M-Score is -2.06. St James's Place's overall GF Score™ is 53/100 with 4 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 St James's Place (FRA:1IV), the current Beneish M-Score is -2.06 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.

Is St James's Place (FRA:1IV) Overvalued in 2026?

Based on GuruFocus' analysis, St James's Place stock appears to be overvalued. The current stock price of €13.40 is trading 68.6% above its estimated GF Value™ of €7.95. GuruFocus considers St James's Place to be Significantly Overvalued.

Key valuation signals for FRA:1IV:

  • Beneish M-Score: -2.06
  • GF Value™: €7.95 vs. price of €13.40 (68.6% above fair value)
  • GF Score™: 53/100 with 4 warning signs

No single metric tells the full story. See the FRA:1IV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

St James's Place Business Description

Other Exchanges STJPF:USASTJl:UKSTJ:UK
Address 1 Tetbury Road, St. James's Place House, Cirencester, GBR, GL7 1FP
St James's Place PLC provides investment and wealth management services to individuals, trustees, and businesses. The company operates in a single-segment wealth management business, which is a vertically integrated business providing support to its clients through the provision of financial advice and assistance through its Partner network, and financial solutions including (but not limited to) wealth management products manufactured in the Group, such as insurance bonds, pensions, unit trust, and ISA investments, and a Discretionary Fund Management (DFM) service. Currently, the company operates only in United kingdom.
53GF Score

Get the complete analysis for FRA:1IV

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€13.40
Price
€7.95
GF Value