The Generation Essentials Group (FRA:4PX) Beneish M-Score: -6.02 (As of Jun. 26, 2026)


FRA:4PX The Generation Essentials Group FRA:4PX
17 GF Score
Price €0.94
! 2 Warning Signs
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What is The Generation Essentials Group Beneish M-Score?

The Generation Essentials Group FRA:4PX +2.17% 17 Beneish M-Score is -6.02 as of Jun. 26, 2026. GuruFocus rates FRA:4PX with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 954 Asset Management companies, The Generation Essentials Group ranks better than 97.17% 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 -6.02 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:4PX' s Beneish M-Score Range Over the Past 10 Years
Min: -6.02   Med: -4.01   Max: -2
Current: -6.02

During the past 4 years, the highest Beneish M-Score of The Generation Essentials Group was -2.00. The lowest was -6.02. And the median was -4.01.

The Generation Essentials Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for The Generation Essentials Group'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.

The Generation Essentials Group Beneish M-Score Chart

The Generation Essentials Group Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.00 -6.02

The Generation Essentials Group Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 -2.00 -6.02

FRA:4PX vs MGLD, FMY, OFS: Beneish M-Score Comparison

For the Asset Management subindustry, The Generation Essentials 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.

The Generation Essentials Group Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, The Generation Essentials Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where The Generation Essentials Group's Beneish M-Score falls into.


FRA:4PX
17GF Score
The Generation Essentials Group FRA:4PX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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The Generation Essentials 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 The Generation Essentials 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 * 0.9774+0.528 * 1.0913+0.404 * 1.0215+0.892 * 0.9586+0.115 * 0.7905
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 21.6061+4.679 * -0.020673-0.327 * 0.9136
=-6.12

* 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 €6.78 Mil.
Revenue was €46.39 Mil.
Gross Profit was €19.60 Mil.
Total Current Assets was €181.45 Mil.
Total Assets was €1,250.32 Mil.
Property, Plant and Equipment(Net PPE) was €509.10 Mil.
Depreciation, Depletion and Amortization(DDA) was €13.21 Mil.
Selling, General, & Admin. Expense(SGA) was €52.96 Mil.
Total Current Liabilities was €108.86 Mil.
Long-Term Debt & Capital Lease Obligation was €178.43 Mil.
Net Income was €-6.62 Mil.
Gross Profit was €9.02 Mil.
Cash Flow from Operations was €10.21 Mil.
 Total Receivables was €7.24 Mil.
Revenue was €48.39 Mil.
Gross Profit was €22.32 Mil.
Total Current Assets was €81.20 Mil.
Total Assets was €1,121.58 Mil.
Property, Plant and Equipment(Net PPE) was €548.83 Mil.
Depreciation, Depletion and Amortization(DDA) was €11.19 Mil.
Selling, General, & Admin. Expense(SGA) was €2.56 Mil.
Total Current Liabilities was €72.26 Mil.
Long-Term Debt & Capital Lease Obligation was €209.81 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)
=(6.78 / 46.39) / (7.236 / 48.392)
=0.146152 / 0.149529
=0.9774

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)
=(22.315 / 48.392) / (19.603 / 46.39)
=0.46113 / 0.42257
=1.0913

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 - (181.449 + 509.101) / 1250.321) / (1 - (81.197 + 548.832) / 1121.584)
=0.447702 / 0.438269
=1.0215

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
=46.39 / 48.392
=0.9586

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))
=(11.194 / (11.194 + 548.832)) / (13.206 / (13.206 + 509.101))
=0.019988 / 0.025284
=0.7905

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)
=(52.961 / 46.39) / (2.557 / 48.392)
=1.141647 / 0.052839
=21.6061

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)
=((178.432 + 108.859) / 1250.321) / ((209.814 + 72.255) / 1121.584)
=0.229774 / 0.251492
=0.9136

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
=(-6.622 - 9.02 - 10.206) / 1250.321
=-0.020673

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 Generation Essentials Group has a M-score of -6.12 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 -6.02 mean?
The Generation Essentials Group (FRA:4PX) has a Beneish M-Score of -6.02 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on The Generation Essentials Group and its competitors. According to the industry distribution chart, The Generation Essentials Group ranks #27 out of 954 companies in the Asset Management industry, placing it in the top 2.8%.
Is The Generation Essentials Group's Beneish M-Score too high?
The Generation Essentials Group's current Beneish M-Score is -6.02. Based on the distribution chart, The Generation Essentials Group ranks #27 out of 954 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, The Generation Essentials Group has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does The Generation Essentials Group's Beneish M-Score compare to MGLD and FMY?
According to the Asset Management industry distribution chart, The Generation Essentials Group ranks #27 out of 954 companies for Beneish M-Score. This places The Generation Essentials Group in the top 3% 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 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 The Generation Essentials Group and its competitors. The Generation Essentials Group's current Beneish M-Score is -6.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Generation Essentials Group stock overvalued right now?
The Generation Essentials Group (FRA:4PX) has a current Beneish M-Score of -6.02. The current Beneish M-Score is -6.02. The Generation Essentials Group's overall GF Score™ is 17/100 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 The Generation Essentials Group (FRA:4PX), the current Beneish M-Score is -6.02 as of Jun. 26, 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.

The Generation Essentials Group Business Description

Other Exchanges TGE:USA
Address 66 rue Jean-Jacques Rousseau, Paris, FRA, 75001
The Generation Essentials Group is a media and entertainment company. Its publications L'Officiel and The Art Newspaper publish print editions in a total of nearly 28 countries and territories and digital contents. It operate in the movie production sector having produced various Asia-focused movies. It operate in three operating segments: media and entertainment segment, hotel operations, hospitality and VIP services segment and strategic investment segment. Key revenue is generated from strategic investment segment that is engage in proprietary investments and management of portfolio, including listed and unlisted equity shares investments and movie income right investments.
17GF Score

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