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Super GroupFRA:S8G1 86 Beneish M-Score is -2.80 as of Jul. 24, 2026. GuruFocus rates FRA:S8G1 with a GF Score™ of 86/100 and a GF Value™ of €1.31 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 965 Transportation companies, Super Group ranks better than 70.57% 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 -2.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Super Group's Beneish M-Score or its related term are showing as below:
FRA:S8G1'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.08 Med: -2.52 Max: -2.14
Current: -2.8
During the past 13 years, the highest Beneish M-Score of Super Group was -2.14. The lowest was -3.08. And the median was -2.52.
Super Group Beneish M-Score Related Terms
Super Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Super 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.
FRA:S8G1 vs UPS, FDX, JBHT: Beneish M-Score Comparison
For the Integrated Freight & Logistics subindustry, Super 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.
Super Group Beneish M-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Super Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Super Group'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 Super 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 * 0.6496
+
0.528 * 1.0077
+
0.404 * 0.4503
+
0.892 * 0.9515
+
0.115 * 0.7111
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1802
+
4.679 * 0.053718
-
0.327 * 0.8684
=
-2.83
* 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))
=
(234.411 / (234.411 + 1183.48))
/
(218.054 / (218.054 + 719.883))
=
0.165324
/
0.232483
=
0.7111
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
=
(196.262 - 0
-
95.565)
/
1874.546
=
0.053718
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.
Super Group has a M-score of -2.83 suggests that the company is unlikely to be a manipulator.
Super Group (FRA:S8G1) has a Beneish M-Score of -2.80 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Super Group and its competitors. According to the industry distribution chart, Super Group ranks #284 out of 965 companies in the Transportation industry, placing it in the top 29.4%.
Is Super Group's Beneish M-Score too high?
Super Group's current Beneish M-Score is -2.80. Based on the distribution chart, Super Group ranks #284 out of 965 companies in the Transportation industry, which is above the industry midpoint. Overall, Super Group has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Super Group's Beneish M-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Super Group ranks #284 out of 965 companies for Beneish M-Score. This puts Super Group 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Super Group and its competitors. Super Group's current Beneish M-Score is -2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Super Group stock overvalued right now?
Based on GuruFocus' analysis, Super Group (FRA:S8G1) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.31, compared to a current price of €1.03 — trading 21.4% below its estimated fair value. The current Beneish M-Score is -2.80. Super Group's overall GF Score™ is 86/100 with 11 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 Super Group (FRA:S8G1), the current Beneish M-Score is -2.80 as of Jul. 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 Super Group (FRA:S8G1) Overvalued in 2026?
Based on GuruFocus' analysis, Super Group stock appears to be undervalued.
The current stock price of €1.03 is trading 21.4% below its estimated GF Value™ of €1.31.
GuruFocus considers Super Group to be Modestly Undervalued.
Key valuation signals for FRA:S8G1:
Beneish M-Score: -2.80
GF Value™: €1.31 vs. price of €1.03 (21.4% below fair value)
No single metric tells the full story. See the FRA:S8G1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Super Group Ltd provides logistics and mobility solutions across sub-Saharan Africa, the United Kingdom, Europe, and Australasia through several key segments. Its Supply Chain divisions offer distribution, warehousing, and courier services. The Dealerships divisions manage the sale and servicing of passenger and commercial vehicles in South Africa and the United Kingdom, representing key vehicle brands. The Fleet Solutions divisions provide fleet management and vehicle leasing services. The principal segments of the company are Supply Chain Africa, Supply Chain Europe, Fleet Africa, SG Fleet, Dealerships SA, Dealerships UK and Services. Geographically, the company generates the majority of its revenue from South Africa.
86GF Score
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