GUOCY (GuocoLand) Beneish M-Score: -1.78 (As of Jun. 27, 2026)


What is GuocoLand Beneish M-Score?

GuocoLand GUOCY 80 Beneish M-Score is -1.78 as of Jun. 27, 2026. GuruFocus rates GUOCY with a GF Score™ of 80/100. The stock has 8 warning signs investors should review. Among 1,682 Real Estate companies, GuocoLand ranks worse than 74.38% 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 -1.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

GUOCY' s Beneish M-Score Range Over the Past 10 Years
Min: -3.47   Med: -1.89   Max: -0.85
Current: -1.78

During the past 13 years, the highest Beneish M-Score of GuocoLand was -0.85. The lowest was -3.47. And the median was -1.89.

GuocoLand Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GuocoLand'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.

GuocoLand Beneish M-Score Chart

GuocoLand Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.85 -2.68 -2.46 -1.88 -1.78

GuocoLand 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 0.00 -1.88 0.00 -1.78 0.00

GuocoLand Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, GuocoLand'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.

GuocoLand Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, GuocoLand's Beneish M-Score distribution charts can be found below:

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


GuocoLand 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 GuocoLand 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 * 1.6674+0.528 * 1.135+0.404 * 1.0302+0.892 * 1.1099+0.115 * 0.9908
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0414+4.679 * -0.007738-0.327 * 1.0106
=-1.73

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $256.97 Mil.
Revenue was $1,494.27 Mil.
Gross Profit was $285.26 Mil.
Total Current Assets was $3,331.51 Mil.
Total Assets was $9,649.33 Mil.
Property, Plant and Equipment(Net PPE) was $341.77 Mil.
Depreciation, Depletion and Amortization(DDA) was $8.70 Mil.
Selling, General, & Admin. Expense(SGA) was $64.25 Mil.
Total Current Liabilities was $1,166.89 Mil.
Long-Term Debt & Capital Lease Obligation was $3,597.36 Mil.
Net Income was $83.47 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $158.13 Mil.
 Total Receivables was $138.85 Mil.
Revenue was $1,346.27 Mil.
Gross Profit was $291.70 Mil.
Total Current Assets was $3,373.59 Mil.
Total Assets was $9,269.72 Mil.
Property, Plant and Equipment(Net PPE) was $323.22 Mil.
Depreciation, Depletion and Amortization(DDA) was $8.15 Mil.
Selling, General, & Admin. Expense(SGA) was $55.59 Mil.
Total Current Liabilities was $2,234.97 Mil.
Long-Term Debt & Capital Lease Obligation was $2,293.76 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)
=(256.968 / 1494.271) / (138.849 / 1346.268)
=0.171969 / 0.103136
=1.6674

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)
=(291.697 / 1346.268) / (285.255 / 1494.271)
=0.216671 / 0.190899
=1.135

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 - (3331.509 + 341.768) / 9649.328) / (1 - (3373.593 + 323.215) / 9269.721)
=0.619323 / 0.601195
=1.0302

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
=1494.271 / 1346.268
=1.1099

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))
=(8.149 / (8.149 + 323.215)) / (8.699 / (8.699 + 341.768))
=0.024592 / 0.024821
=0.9908

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)
=(64.252 / 1494.271) / (55.589 / 1346.268)
=0.042999 / 0.041291
=1.0414

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)
=((3597.357 + 1166.893) / 9649.328) / ((2293.764 + 2234.973) / 9269.721)
=0.493739 / 0.488552
=1.0106

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
=(83.47 - 0 - 158.134) / 9649.328
=-0.007738

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.

GuocoLand has a M-score of -1.73 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 -1.78 mean?
GuocoLand (GUOCY) has a Beneish M-Score of -1.78 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GuocoLand and its competitors. According to the industry distribution chart, GuocoLand ranks #1251 out of 1682 companies in the Real Estate industry, placing it in the top 74.4%.
Is GuocoLand's Beneish M-Score too high?
GuocoLand's current Beneish M-Score is -1.78. Based on the distribution chart, GuocoLand ranks #1251 out of 1682 companies in the Real Estate industry, which is below the industry midpoint. Overall, GuocoLand has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does GuocoLand's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, GuocoLand ranks #1251 out of 1682 companies for Beneish M-Score. This places GuocoLand 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 GuocoLand and its competitors. GuocoLand's current Beneish M-Score is -1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GuocoLand stock overvalued right now?
GuocoLand (GUOCY) has a current Beneish M-Score of -1.78. The current Beneish M-Score is -1.78. GuocoLand's overall GF Score™ is 80/100 with 8 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 GuocoLand (GUOCY), the current Beneish M-Score is -1.78 as of Jun. 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.

GuocoLand Business Description

Other Exchanges F17:Singapore
Address 1 Wallich Street, No. 31-01 Guoco Tower, Singapore, SGP, 078881
GuocoLand Ltd is a property company with operations in Singapore, China, Malaysia, and Vietnam. The firm's principal business activities are property development, property investment, and hotel operations. It also offers marketing, property management, and maintenance services. The company's portfolio includes residential, hospitality, commercial, retail, and integrated developments. Its segment includes GuocoLand Singapore, GuocoLand China, GuocoLand Malaysia and others and generates maximum revenue from GuocoLand Singapore. Geographically, the Singapore segment contributes the majority of group revenue, followed by Malaysia.