Grupo Ezentis (FRA:RDT1) Beneish M-Score: 2.72 (As of Jul. 21, 2026)

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What is Grupo Ezentis Beneish M-Score?

Grupo Ezentis FRA:RDT1 -2.37% Beneish M-Score is 2.72 as of Jul. 21, 2026. The stock has 5 warning signs investors should review. Among 1,699 Construction companies, Grupo Ezentis ranks worse than 98.12% 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.

Warning Sign:

Beneish M-Score 2.72 higher than -1.78, which implies that the company might have manipulated its financial results.

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

FRA:RDT1' s Beneish M-Score Range Over the Past 10 Years
Min: -6.35   Med: -2.98   Max: 79.57
Current: 2.72

During the past 13 years, the highest Beneish M-Score of Grupo Ezentis was 79.57. The lowest was -6.35. And the median was -2.98.

Grupo Ezentis Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Grupo Ezentis'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.

Grupo Ezentis Beneish M-Score Chart

Grupo Ezentis 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 -6.35 -5.31 79.57 -2.95 2.72

Grupo Ezentis 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 79.57 0.00 -2.95 0.00 2.72

FRA:RDT1 vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Grupo Ezentis'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.

Grupo Ezentis Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Grupo Ezentis's Beneish M-Score distribution charts can be found below:

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


Grupo Ezentis 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 Grupo Ezentis 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 * 3.831+0.528 * 1.5556+0.404 * 1.5869+0.892 * 2.4719+0.115 * 0.4177
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6177+4.679 * 0.12586-0.327 * 0.49
=2.72

* 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 €19.37 Mil.
Revenue was €34.32 Mil.
Gross Profit was €16.15 Mil.
Total Current Assets was €25.73 Mil.
Total Assets was €42.71 Mil.
Property, Plant and Equipment(Net PPE) was €0.44 Mil.
Depreciation, Depletion and Amortization(DDA) was €1.11 Mil.
Selling, General, & Admin. Expense(SGA) was €1.97 Mil.
Total Current Liabilities was €24.65 Mil.
Long-Term Debt & Capital Lease Obligation was €6.78 Mil.
Net Income was €-3.20 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-8.58 Mil.
 Total Receivables was €2.05 Mil.
Revenue was €13.88 Mil.
Gross Profit was €10.17 Mil.
Total Current Assets was €4.18 Mil.
Total Assets was €6.33 Mil.
Property, Plant and Equipment(Net PPE) was €0.61 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.26 Mil.
Selling, General, & Admin. Expense(SGA) was €1.29 Mil.
Total Current Liabilities was €9.18 Mil.
Long-Term Debt & Capital Lease Obligation was €0.33 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)
=(19.366 / 34.32) / (2.045 / 13.884)
=0.564277 / 0.147292
=3.831

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)
=(10.166 / 13.884) / (16.154 / 34.32)
=0.73221 / 0.470688
=1.5556

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 - (25.734 + 0.439) / 42.714) / (1 - (4.176 + 0.607) / 6.327)
=0.38725 / 0.244034
=1.5869

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
=34.32 / 13.884
=2.4719

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))
=(0.259 / (0.259 + 0.607)) / (1.107 / (1.107 + 0.439))
=0.299076 / 0.716041
=0.4177

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)
=(1.965 / 34.32) / (1.287 / 13.884)
=0.057255 / 0.092697
=0.6177

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)
=((6.777 + 24.654) / 42.714) / ((0.325 + 9.177) / 6.327)
=0.735848 / 1.501818
=0.49

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
=(-3.202 - 0 - -8.578) / 42.714
=0.12586

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.

Grupo Ezentis has a M-score of 2.72 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 2.72 mean?
Grupo Ezentis (FRA:RDT1) has a Beneish M-Score of 2.72 as of Jul. 21, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Grupo Ezentis and its competitors. According to the industry distribution chart, Grupo Ezentis ranks #1667 out of 1699 companies in the Construction industry, placing it in the top 98.1%.
Is Grupo Ezentis' Beneish M-Score too high?
Grupo Ezentis' current Beneish M-Score is 2.72. Based on the distribution chart, Grupo Ezentis ranks #1667 out of 1699 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Grupo Ezentis' Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Grupo Ezentis ranks #1667 out of 1699 companies for Beneish M-Score. This places Grupo Ezentis 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 a Construction company?
A good Beneish M-Score depends on the Construction 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 Grupo Ezentis and its competitors. Grupo Ezentis's current Beneish M-Score is 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Ezentis stock overvalued right now?
Based on GuruFocus' analysis, Grupo Ezentis (FRA:RDT1) is currently considered Possible Value Trap. The stock's GF Value™ is €0.17, compared to a current price of €0.06 — trading 63.6% below its estimated fair value. The current Beneish M-Score is 2.72. 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 Grupo Ezentis (FRA:RDT1), the current Beneish M-Score is 2.72 as of Jul. 21, 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.

Grupo Ezentis Business Description

Other Exchanges 0QIH:UKEZE:Spain
Address Calle Automocion No. 26-28, Poligono Industrial Calonge, Seville, ESP, 41007
Grupo Ezentis SA is a network services provider for communications and energy companies. It offers deployment, operation, and maintenance of telecommunications network infrastructures; Planning, engineering, implementation, and maintenance of electrical systems; and Implementation and management of complex multi-service networks. It offers complete construction, repair, and maintenance of civil works, hydraulic works, buildings, drainage, paving, and water and waste supply and treatment systems. The company has operational footprints across Spain, Argentina, Chile, Peru, Brazil, Colombia, Mexico, and Portugal, of which it generates the majority of its revenue from Brazil and Spain.