Groupe CRIT (FRA:CT2) Beneish M-Score: -2.76 (As of Jul. 15, 2026)

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FRA:CT2 Groupe CRIT SA FRA:CT2
82 GF Score
Price €48.70
GF Value €86.68
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Groupe CRIT Beneish M-Score?

Groupe CRIT FRA:CT2 +0.21% 82 Beneish M-Score is -2.76 as of Jul. 15, 2026. GuruFocus rates FRA:CT2 with a GF Score™ of 82/100 and a GF Value™ of €86.68 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,020 Business Services companies, Groupe CRIT ranks better than 65.88% 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 -2.76 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

FRA:CT2' s Beneish M-Score Range Over the Past 10 Years
Min: -3.05   Med: -2.69   Max: -2
Current: -2.76

During the past 13 years, the highest Beneish M-Score of Groupe CRIT was -2.00. The lowest was -3.05. And the median was -2.69.


Groupe CRIT Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Groupe CRIT'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.

Groupe CRIT Beneish M-Score Chart

Groupe CRIT Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.85 -2.62 -2.93 -2.35 -2.76

Groupe CRIT Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -2.93 0.00 -2.35 0.00 -2.76

FRA:CT2 vs KFY, RHI, TNET: Beneish M-Score Comparison

For the Staffing & Employment Services subindustry, Groupe CRIT'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.


Groupe CRIT Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Groupe CRIT's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Groupe CRIT's Beneish M-Score falls into.


FRA:CT2
82GF Score
Groupe CRIT SA FRA:CT2
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Groupe CRIT 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 Groupe CRIT 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 * 0.926+0.528 * 0.9861+0.404 * 0.9393+0.892 * 1.0794+0.115 * 0.711
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0953+4.679 * -0.041567-0.327 * 1.0074
=-2.76

* 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 €679 Mil.
Revenue was €3,372 Mil.
Gross Profit was €1,065 Mil.
Total Current Assets was €1,020 Mil.
Total Assets was €1,589 Mil.
Property, Plant and Equipment(Net PPE) was €182 Mil.
Depreciation, Depletion and Amortization(DDA) was €82 Mil.
Selling, General, & Admin. Expense(SGA) was €45 Mil.
Total Current Liabilities was €758 Mil.
Long-Term Debt & Capital Lease Obligation was €88 Mil.
Net Income was €31 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €97 Mil.
Total Receivables was €680 Mil.
Revenue was €3,124 Mil.
Gross Profit was €973 Mil.
Total Current Assets was €1,051 Mil.
Total Assets was €1,658 Mil.
Property, Plant and Equipment(Net PPE) was €177 Mil.
Depreciation, Depletion and Amortization(DDA) was €50 Mil.
Selling, General, & Admin. Expense(SGA) was €38 Mil.
Total Current Liabilities was €782 Mil.
Long-Term Debt & Capital Lease Obligation was €95 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)
=(679.181 / 3372.048) / (679.5 / 3124.015)
=0.201415 / 0.217509
=0.926

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)
=(972.935 / 3124.015) / (1064.996 / 3372.048)
=0.311437 / 0.315831
=0.9861

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 - (1019.701 + 181.82) / 1588.734) / (1 - (1050.62 + 177.274) / 1658.151)
=0.243724 / 0.25948
=0.9393

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
=3372.048 / 3124.015
=1.0794

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))
=(50.435 / (50.435 + 177.274)) / (82.272 / (82.272 + 181.82))
=0.221489 / 0.311528
=0.711

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)
=(45.331 / 3372.048) / (38.341 / 3124.015)
=0.013443 / 0.012273
=1.0953

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)
=((88.298 + 757.771) / 1588.734) / ((95.017 + 781.501) / 1658.151)
=0.532543 / 0.528612
=1.0074

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
=(31.161 - 0 - 97.2) / 1588.734
=-0.041567

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.

Groupe CRIT has a M-score of -2.76 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 -2.76 mean?
Groupe CRIT (FRA:CT2) has a Beneish M-Score of -2.76 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Groupe CRIT and its competitors. According to the industry distribution chart, Groupe CRIT ranks #348 out of 1020 companies in the Business Services industry, placing it in the top 34.1%.
Is Groupe CRIT's Beneish M-Score too high?
Groupe CRIT's current Beneish M-Score is -2.76. Based on the distribution chart, Groupe CRIT ranks #348 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, Groupe CRIT has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Groupe CRIT's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Groupe CRIT ranks #348 out of 1020 companies for Beneish M-Score. This puts Groupe CRIT in the upper 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 Business Services company?
A good Beneish M-Score depends on the Business 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 Groupe CRIT and its competitors. Groupe CRIT's current Beneish M-Score is -2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Groupe CRIT stock overvalued right now?
Based on GuruFocus' analysis, Groupe CRIT (FRA:CT2) is currently considered Significantly Undervalued. The stock's GF Value™ is €86.68, compared to a current price of €48.70 — trading 43.8% below its estimated fair value. The current Beneish M-Score is -2.76. Groupe CRIT's overall GF Score™ is 82/100 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 Groupe CRIT (FRA:CT2), the current Beneish M-Score is -2.76 as of Jul. 15, 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 Groupe CRIT (FRA:CT2) Overvalued in 2026?

Based on GuruFocus' analysis, Groupe CRIT stock appears to be undervalued. The current stock price of €48.70 is trading 43.8% below its estimated GF Value™ of €86.68. GuruFocus considers Groupe CRIT to be Significantly Undervalued.

Key valuation signals for FRA:CT2:

  • Beneish M-Score: -2.76
  • GF Value™: €86.68 vs. price of €48.70 (43.8% below fair value)
  • GF Score™: 82/100 with 2 warning signs

No single metric tells the full story. See the FRA:CT2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Groupe CRIT Business Description

Other Exchanges 0DZJ:UKCEN:France
Address 6, Rue Toulouse Lautrec, Paris, FRA, 75017
Groupe CRIT SA specializes in temporary employment and airport services. The company's operating segment includes temporary employment and airport services. Temporary employment division now includes the engineering consulting, industrial maintenance and training businesses previously included in the multi-services division, while airport reception services have been grouped under the airport services division, which encompasses all services performed in an airport environment in relation to passengers, aircraft and cargo. The company generates majority of revenue from temporary employment. The company has presence in France, Italy, USA, United Kingdom, Spain/Portugal, Switzerland, Africa, and Other. It generates majority of revenue from France.
82GF Score

Get the complete analysis for FRA:CT2

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

€48.70
Price
€86.68
GF Value