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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 -3.06 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Enlightify's Beneish M-Score or its related term are showing as below:
FRA:GR0A'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.91 Med: -2.89 Max: -1.67
Current: -3.06
During the past 13 years, the highest Beneish M-Score of Enlightify was -1.67. The lowest was -4.91. And the median was -2.89.
Enlightify Beneish M-Score Related Terms
Enlightify Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Enlightify'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.
FRA:GR0A vs CTVA, CF, MOS: Beneish M-Score Comparison
For the Agricultural Inputs subindustry, Enlightify'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.
Enlightify Beneish M-Score vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Enlightify's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Enlightify's Beneish M-Score falls into.
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 Enlightify 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 * 1.1195
+
0.528 * 0.918
+
0.404 * 0.5039
+
0.892 * 0.7825
+
0.115 * 0.9942
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.7431
+
4.679 * -0.071732
-
0.327 * 1.0959
=
-3.13
* 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))
=
(2.542 / (2.542 + 12.531))
/
(2.057 / (2.057 + 10.07))
=
0.168646
/
0.169622
=
0.9942
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
=
(-11.505 - -0.464
-
-1.444)
/
133.79
=
-0.071732
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.
Enlightify has a M-score of -3.13 suggests that the company is unlikely to be a manipulator.
Enlightify (FRA:GR0A) has a Beneish M-Score of -3.06 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Enlightify and its competitors. According to the industry distribution chart, Enlightify ranks #29 out of 243 companies in the Agriculture industry, placing it in the top 11.9%.
Is Enlightify's Beneish M-Score too high?
Enlightify's current Beneish M-Score is -3.06. Based on the distribution chart, Enlightify ranks #29 out of 243 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Enlightify has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Enlightify's Beneish M-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Enlightify ranks #29 out of 243 companies for Beneish M-Score. This places Enlightify in the top 12% 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 Agriculture company?
A good Beneish M-Score depends on the Agriculture 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 Enlightify and its competitors. Enlightify's current Beneish M-Score is -3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enlightify stock overvalued right now?
Enlightify (FRA:GR0A) has a current Beneish M-Score of -3.06. The stock's GF Value™ is €33.67, compared to a current price of €0.61 — trading 98.2% below its estimated fair value. The current Beneish M-Score is -3.06. Enlightify's overall GF Score™ is 60/100 with 5 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 Enlightify (FRA:GR0A), the current Beneish M-Score is -3.06 as of Jul. 27, 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 Enlightify (FRA:GR0A) Overvalued in 2026?
Based on GuruFocus' analysis, Enlightify stock appears to be undervalued.
The current stock price of €0.61 is trading 98.2% below its estimated GF Value™ of €33.67.
Key valuation signals for FRA:GR0A:
Beneish M-Score: -3.06
GF Value™: €33.67 vs. price of €0.61 (98.2% below fair value)
No single metric tells the full story. See the FRA:GR0A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enlightify Inc. is engaged in the business of fertilizer and agricultural products. It involves the research, development, production, distribution, and sale of humic acid-based compound fertilizers, blended fertilizers, organic compound fertilizers, slow-release fertilizers, concentrated water-soluble fertilizers, and mixed organic-inorganic compound fertilizers, and the development, production, and distribution of agricultural products, such as top-grade fruits, vegetables, flowers, and colored seedlings in China. The company operates in four segments: Jinong (fertilizer production), Gufeng (fertilizer production), Yuxing (agricultural products production), and Bitcoin (Antaeus). All of its operations are conducted in China.
60GF Score
Get the complete analysis for FRA:GR0A
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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