Galaxy Entertainment Group (HKSE:00027) Beneish M-Score: -2.14 (As of Sep. 02, 2026)

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HKSE:00027 Galaxy Entertainment Group Ltd HKSE:00027
93 GF Score
Price HK$33.54
GF Value HK$48.05
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Galaxy Entertainment Group Beneish M-Score?

Galaxy Entertainment Group HKSE:00027 +0.24% 93 Beneish M-Score is -2.14 as of Sep. 02, 2026. GuruFocus rates HKSE:00027 with a GF Score™ of 93/100 and a GF Value™ of HK$48.05 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 820 Travel & Leisure companies, Galaxy Entertainment Group ranks worse than 77.32% 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 Galaxy Entertainment Group's Beneish M-Score or its related term are showing as below:

HKSE:00027' s Beneish M-Score Range Over the Past 10 Years
Min: -3.13   Med: -2.25   Max: -1.15
Current: -2.14

During the past 13 years, the highest Beneish M-Score of Galaxy Entertainment Group was -1.15. The lowest was -3.13. And the median was -2.25.

Galaxy Entertainment Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Galaxy Entertainment 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.

Galaxy Entertainment Group Beneish M-Score Chart

Galaxy Entertainment Group 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 -2.14 -2.81 -1.36 -2.35 -2.14

Galaxy Entertainment Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 -2.35 0.00 -2.14 0.00

HKSE:00027 vs LVS, MGM, WYNN: Beneish M-Score Comparison

For the Resorts & Casinos subindustry, Galaxy Entertainment 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.

Galaxy Entertainment Group Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Galaxy Entertainment Group's Beneish M-Score distribution charts can be found below:

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


HKSE:00027
93GF Score
Galaxy Entertainment Group Ltd HKSE:00027
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galaxy Entertainment Group 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 Galaxy Entertainment 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 * 1.0525+0.528 * 1.023+0.404 * 1.6268+0.892 * 1.1338+0.115 * 0.9405
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8624+4.679 * -0.035854-0.327 * 0.8327
=-2.14

* 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 HK$2,721 Mil.
Revenue was HK$49,242 Mil.
Gross Profit was HK$27,552 Mil.
Total Current Assets was HK$20,073 Mil.
Total Assets was HK$99,844 Mil.
Property, Plant and Equipment(Net PPE) was HK$54,877 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3,794 Mil.
Selling, General, & Admin. Expense(SGA) was HK$2,467 Mil.
Total Current Liabilities was HK$12,897 Mil.
Long-Term Debt & Capital Lease Obligation was HK$569 Mil.
Net Income was HK$10,674 Mil.
Gross Profit was HK$0 Mil.
Cash Flow from Operations was HK$14,254 Mil.
 Total Receivables was HK$2,281 Mil.
Revenue was HK$43,432 Mil.
Gross Profit was HK$24,861 Mil.
Total Current Assets was HK$25,098 Mil.
Total Assets was HK$94,578 Mil.
Property, Plant and Equipment(Net PPE) was HK$54,984 Mil.
Depreciation, Depletion and Amortization(DDA) was HK$3,561 Mil.
Selling, General, & Admin. Expense(SGA) was HK$2,523 Mil.
Total Current Liabilities was HK$14,798 Mil.
Long-Term Debt & Capital Lease Obligation was HK$519 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)
=(2721.464 / 49242.325) / (2280.564 / 43432.373)
=0.055267 / 0.052508
=1.0525

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)
=(24860.515 / 43432.373) / (27551.895 / 49242.325)
=0.572396 / 0.559517
=1.023

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 - (20073.112 + 54876.519) / 99844.492) / (1 - (25097.918 + 54984.224) / 94577.891)
=0.249336 / 0.153268
=1.6268

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
=49242.325 / 43432.373
=1.1338

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))
=(3560.992 / (3560.992 + 54984.224)) / (3794.212 / (3794.212 + 54876.519))
=0.060825 / 0.06467
=0.9405

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)
=(2467.194 / 49242.325) / (2523.328 / 43432.373)
=0.050103 / 0.058098
=0.8624

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)
=((569.438 + 12896.585) / 99844.492) / ((519.301 + 14798.474) / 94577.891)
=0.13487 / 0.161959
=0.8327

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
=(10673.765 - 0 - 14253.563) / 99844.492
=-0.035854

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.

Galaxy Entertainment Group has a M-score of -2.14 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?
Galaxy Entertainment Group (HKSE:00027) has a Beneish M-Score of -2.14 as of Sep. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Galaxy Entertainment Group and its competitors. According to the industry distribution chart, Galaxy Entertainment Group ranks #634 out of 820 companies in the Travel & Leisure industry, placing it in the top 77.3%.
Is Galaxy Entertainment Group's Beneish M-Score too high?
Galaxy Entertainment Group's current Beneish M-Score is -2.14. Based on the distribution chart, Galaxy Entertainment Group ranks #634 out of 820 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Galaxy Entertainment Group has a GF Score™ of 93/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Galaxy Entertainment Group's Beneish M-Score compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Galaxy Entertainment Group ranks #634 out of 820 companies for Beneish M-Score. This places Galaxy Entertainment Group 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 Galaxy Entertainment Group and its competitors. Galaxy Entertainment Group'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 Galaxy Entertainment Group stock overvalued right now?
Based on GuruFocus' analysis, Galaxy Entertainment Group (HKSE:00027) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$48.05, compared to a current price of HK$33.54 — trading 30.2% below its estimated fair value. The current Beneish M-Score is -2.14. Galaxy Entertainment Group's overall GF Score™ is 93/100 with 2 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 Galaxy Entertainment Group (HKSE:00027), the current Beneish M-Score is -2.14 as of Sep. 02, 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 Galaxy Entertainment Group (HKSE:00027) Overvalued in 2026?

Based on GuruFocus' analysis, Galaxy Entertainment Group stock appears to be undervalued. The current stock price of HK$33.54 is trading 30.2% below its estimated GF Value™ of HK$48.05. GuruFocus considers Galaxy Entertainment Group to be Significantly Undervalued.

Key valuation signals for HKSE:00027:

  • Beneish M-Score: -2.14
  • GF Value™: HK$48.05 vs. price of HK$33.54 (30.2% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the HKSE:00027 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Galaxy Entertainment Group Business Description

Address 111 Connaught Road Central, 22nd Floor, Wing On Centre, Hong Kong, HKG
Galaxy Entertainment is one of six casino licenseholders in Macao. Its major properties include Starworld casino in the Macao Peninsula and Galaxy Macau in Cotai, with a hotel capacity of approximately 5,500 rooms as of the end of 2025.
93GF Score

Get the complete analysis for HKSE:00027

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

HK$33.54
Price
HK$48.05
GF Value