GLVHF (Glenveagh Properties) Beneish M-Score: -2.14 (As of Jun. 26, 2026)


GLVHF Glenveagh Properties PLC GLVHF
93 GF Score
Price $2.54
GF Value $2.13
! 4 Warning Signs
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What is Glenveagh Properties Beneish M-Score?

Glenveagh Properties GLVHF 93 Beneish M-Score is -2.14 as of Jun. 26, 2026. GuruFocus rates GLVHF with a GF Score™ of 93/100 and a GF Value™ of $2.13. The stock has 4 warning signs investors should review. Among 89 Homebuilding & Construction companies, Glenveagh Properties ranks worse than 53.93% 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 -2.14 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

GLVHF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.53   Med: -0.86   Max: 0.11
Current: -2.14

During the past 9 years, the highest Beneish M-Score of Glenveagh Properties was 0.11. The lowest was -2.53. And the median was -0.86.


Glenveagh Properties Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Glenveagh Properties'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.

Glenveagh Properties Beneish M-Score Chart

Glenveagh Properties Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -2.53 0.11 -2.36 -0.86 -2.14

Glenveagh Properties Semi-Annual Data
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 -2.36 0.00 -0.86 0.00 -2.14

GLVHF vs DHI, PHM, LEN: Beneish M-Score Comparison

For the Residential Construction subindustry, Glenveagh Properties'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.


Glenveagh Properties Beneish M-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Glenveagh Properties's Beneish M-Score distribution charts can be found below:

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


GLVHF
93GF Score
Glenveagh Properties PLC GLVHF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Glenveagh Properties 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 Glenveagh Properties 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 * 1.247+0.528 * 0.9899+0.404 * 1.1+0.892 * 1.1912+0.115 * 0.8411
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9751+4.679 * 0.005941-0.327 * 0.975
=-2.03

* 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 $257 Mil.
Revenue was $1,084 Mil.
Gross Profit was $232 Mil.
Total Current Assets was $1,335 Mil.
Total Assets was $1,434 Mil.
Property, Plant and Equipment(Net PPE) was $79 Mil.
Depreciation, Depletion and Amortization(DDA) was $4 Mil.
Selling, General, & Admin. Expense(SGA) was $63 Mil.
Total Current Liabilities was $225 Mil.
Long-Term Debt & Capital Lease Obligation was $280 Mil.
Net Income was $126 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $117 Mil.
Total Receivables was $173 Mil.
Revenue was $910 Mil.
Gross Profit was $193 Mil.
Total Current Assets was $1,153 Mil.
Total Assets was $1,233 Mil.
Property, Plant and Equipment(Net PPE) was $65 Mil.
Depreciation, Depletion and Amortization(DDA) was $3 Mil.
Selling, General, & Admin. Expense(SGA) was $54 Mil.
Total Current Liabilities was $196 Mil.
Long-Term Debt & Capital Lease Obligation was $249 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)
=(257.258 / 1084.167) / (173.185 / 910.154)
=0.237286 / 0.190281
=1.247

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)
=(192.585 / 910.154) / (231.748 / 1084.167)
=0.211596 / 0.213757
=0.9899

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 - (1335.054 + 79.32) / 1433.535) / (1 - (1153.086 + 65.345) / 1233.418)
=0.013366 / 0.012151
=1.1

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
=1084.167 / 910.154
=1.1912

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))
=(2.905 / (2.905 + 65.345)) / (4.228 / (4.228 + 79.32))
=0.042564 / 0.050606
=0.8411

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)
=(62.98 / 1084.167) / (54.22 / 910.154)
=0.058091 / 0.059572
=0.9751

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)
=((279.681 + 224.826) / 1433.535) / ((249.398 + 195.804) / 1233.418)
=0.351932 / 0.36095
=0.975

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
=(126.009 - 0 - 117.493) / 1433.535
=0.005941

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.

Glenveagh Properties has a M-score of -2.03 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 -2.14 mean?
Glenveagh Properties (GLVHF) has a Beneish M-Score of -2.14 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Glenveagh Properties and its competitors. According to the industry distribution chart, Glenveagh Properties ranks #48 out of 89 companies in the Homebuilding & Construction industry, placing it in the top 53.9%.
Is Glenveagh Properties' Beneish M-Score too high?
Glenveagh Properties' current Beneish M-Score is -2.14. Based on the distribution chart, Glenveagh Properties ranks #48 out of 89 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Glenveagh Properties has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Glenveagh Properties' Beneish M-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Glenveagh Properties ranks #48 out of 89 companies for Beneish M-Score. This places Glenveagh Properties 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 Homebuilding & Construction company?
A good Beneish M-Score depends on the Homebuilding & 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 Glenveagh Properties and its competitors. Glenveagh Properties's current Beneish M-Score is -2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glenveagh Properties stock overvalued right now?
Glenveagh Properties (GLVHF) has a current Beneish M-Score of -2.14. The stock's GF Value™ is $2.13, compared to a current price of $2.54 — trading 19.2% above its estimated fair value. The current Beneish M-Score is -2.14. Glenveagh Properties' overall GF Score™ is 93/100 with 4 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 Glenveagh Properties (GLVHF), the current Beneish M-Score is -2.14 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.

Is Glenveagh Properties (GLVHF) Overvalued in 2026?

Based on GuruFocus' analysis, Glenveagh Properties stock appears to be overvalued. The current stock price of $2.54 is trading 19.2% above its estimated GF Value™ of $2.13.

Key valuation signals for GLVHF:

  • Beneish M-Score: -2.14
  • GF Value™: $2.13 vs. price of $2.54 (19.2% above fair value)
  • GF Score™: 93/100 with 4 warning signs

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


Glenveagh Properties Business Description

Address Block C, Straffan Road, Maynooth Business Campus, Maynooth, Kildare, IRL, W23 F854
Glenveagh Properties PLC is engaged in homebuilding in Ireland. The company is organized into two key reportable segments. The Homebuilding segment is principally focused on delivering high-quality own-door single-family focused developments, with a particular emphasis on Dublin, the Greater Dublin Area, and Cork. The Partnerships segment focuses on the delivery of sustainable communities across Ireland through a mix of suburban single-family focused and urban multi-family focused developments. The firm generates the majority of its revenue from the Homebuilding segment.
93GF Score

Get the complete analysis for GLVHF

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

$2.54
Price
$2.13
GF Value