INSE (Inspired Entertainment) Beneish M-Score: -3.29 (As of Jun. 24, 2026)


INSE Inspired Entertainment Inc INSE
62 GF Score
Price $8.05
GF Value $8.36
Valuation Fairly Valued
! 4 Warning Signs
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What is Inspired Entertainment Beneish M-Score?

Inspired Entertainment INSE +4.14% 62 Beneish M-Score is -3.29 as of Jun. 24, 2026. GuruFocus rates INSE with a GF Score™ of 62/100 and a GF Value™ of $8.36 (Fairly Valued). The stock has 4 warning signs investors should review. Among 823 Travel & Leisure companies, Inspired Entertainment ranks better than 89.19% 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 -3.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

INSE' s Beneish M-Score Range Over the Past 10 Years
Min: -4.36   Med: -3   Max: -0.94
Current: -3.29

During the past 11 years, the highest Beneish M-Score of Inspired Entertainment was -0.94. The lowest was -4.36. And the median was -3.00.


Inspired Entertainment Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Inspired Entertainment'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.

Inspired Entertainment Beneish M-Score Chart

Inspired Entertainment Annual Data
Trend Dec15 Sep17 Sep18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.94 -2.38 -2.92 -1.67 -3.29

Inspired Entertainment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -0.94 -1.59 -2.31 -3.29 -3.29

INSE vs GAMB, ROLR, GLXZ: Beneish M-Score Comparison

For the Gambling subindustry, Inspired Entertainment'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.


Inspired Entertainment Beneish M-Score vs Travel & Leisure Industry

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

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


INSE
62GF Score
Inspired Entertainment Inc INSE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Inspired Entertainment 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 Inspired Entertainment 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 * 0.903+0.528 * 0.9472+0.404 * 1.0561+0.892 * 1.0186+0.115 * 0.7915
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9446+4.679 * -0.151947-0.327 * 1.0179
=-3.29

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $76.9 Mil.
Revenue was 57.2 + 77.2 + 86.2 + 80.3 = $300.9 Mil.
Gross Profit was 46 + 59.5 + 60.5 + 55.1 = $221.1 Mil.
Total Current Assets was $146.0 Mil.
Total Assets was $421.2 Mil.
Property, Plant and Equipment(Net PPE) was $85.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $58.7 Mil.
Selling, General, & Admin. Expense(SGA) was $122.1 Mil.
Total Current Liabilities was $70.3 Mil.
Long-Term Debt & Capital Lease Obligation was $344.8 Mil.
Net Income was -0.5 + -7.2 + -1.9 + -7.8 = $-17.4 Mil.
Non Operating Income was 0 + -0.7 + -5.9 + 0 = $-6.6 Mil.
Cash Flow from Operations was 26.7 + 1.2 + 10.1 + 15.2 = $53.2 Mil.
Total Receivables was $83.6 Mil.
Revenue was 60.4 + 83 + 77.2 + 74.8 = $295.4 Mil.
Gross Profit was 42.5 + 59.3 + 53.8 + 50 = $205.6 Mil.
Total Current Assets was $161.8 Mil.
Total Assets was $458.9 Mil.
Property, Plant and Equipment(Net PPE) was $101.4 Mil.
Depreciation, Depletion and Amortization(DDA) was $48.2 Mil.
Selling, General, & Admin. Expense(SGA) was $126.9 Mil.
Total Current Liabilities was $113.1 Mil.
Long-Term Debt & Capital Lease Obligation was $331.2 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)
=(76.9 / 300.9) / (83.6 / 295.4)
=0.255567 / 0.283006
=0.903

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)
=(205.6 / 295.4) / (221.1 / 300.9)
=0.696005 / 0.734796
=0.9472

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 - (146 + 85.5) / 421.2) / (1 - (161.8 + 101.4) / 458.9)
=0.45038 / 0.426455
=1.0561

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
=300.9 / 295.4
=1.0186

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))
=(48.2 / (48.2 + 101.4)) / (58.7 / (58.7 + 85.5))
=0.322193 / 0.407074
=0.7915

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)
=(122.1 / 300.9) / (126.9 / 295.4)
=0.405783 / 0.429587
=0.9446

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)
=((344.8 + 70.3) / 421.2) / ((331.2 + 113.1) / 458.9)
=0.985518 / 0.968185
=1.0179

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
=(-17.4 - -6.6 - 53.2) / 421.2
=-0.151947

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.

Inspired Entertainment has a M-score of -3.29 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 -3.29 mean?
Inspired Entertainment (INSE) has a Beneish M-Score of -3.29 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Inspired Entertainment and its competitors. According to the industry distribution chart, Inspired Entertainment ranks #89 out of 823 companies in the Travel & Leisure industry, placing it in the top 10.8%.
Is Inspired Entertainment's Beneish M-Score too high?
Inspired Entertainment's current Beneish M-Score is -3.29. Based on the distribution chart, Inspired Entertainment ranks #89 out of 823 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Inspired Entertainment has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Inspired Entertainment's Beneish M-Score compare to GAMB and ROLR?
According to the Travel & Leisure industry distribution chart, Inspired Entertainment ranks #89 out of 823 companies for Beneish M-Score. This places Inspired Entertainment in the top 11% of its industry — outperforming the majority of peers. 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 Inspired Entertainment and its competitors. Inspired Entertainment's current Beneish M-Score is -3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inspired Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Inspired Entertainment (INSE) is currently considered Fairly Valued. The stock's GF Value™ is $8.36, compared to a current price of $8.05 — trading 3.7% below its estimated fair value. The current Beneish M-Score is -3.29. Inspired Entertainment's overall GF Score™ is 62/100 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 Inspired Entertainment (INSE), the current Beneish M-Score is -3.29 as of Jun. 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 Inspired Entertainment (INSE) Overvalued in 2026?

Based on GuruFocus' analysis, Inspired Entertainment stock appears to be undervalued. The current stock price of $8.05 is trading 3.7% below its estimated GF Value™ of $8.36. GuruFocus considers Inspired Entertainment to be Fairly Valued.

Key valuation signals for INSE:

  • Beneish M-Score: -3.29
  • GF Value™: $8.36 vs. price of $8.05 (3.7% below fair value)
  • GF Score™: 62/100 with 4 warning signs

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


Inspired Entertainment Business Description

Address 250 West 57th Street, Suite 415, New York, NY, USA, 10107
Inspired Entertainment Inc is a gaming technology company, supplying content, platform and other products and services to licensed online and land-based lottery, betting and gaming operators of various countries through a range of distribution channels, on a business-to-business basis. The company provides digital gaming solutions (i) on its own proprietary and secure network, which accommodates a wide range of devices, including land-based gaming machine terminals, mobile devices and online computer applications, and (ii) through third party networks. It operates in four business segments: Gaming, Virtual Sports, Interactive and Leisure. The majority of revenue is derived from the Leisure Segment, which includes the supply of the gaming and amusement machines.
62GF Score

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

$8.05
Price
$8.36
GF Value