Datagate Bilgisayar Malzeme leri Ticaret AS (IST:DGATE) Beneish M-Score: -2.10 (As of Jun. 30, 2026)


IST:DGATE Datagate Bilgisayar Malzeme leri Ticaret AS IST:DGATE
60 GF Score
Price ₺122.00
GF Value ₺86.24
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Datagate Bilgisayar Malzeme leri Ticaret AS Beneish M-Score?

Datagate Bilgisayar Malzeme leri Ticaret AS IST:DGATE +2.09% 60 Beneish M-Score is -2.10 as of Jun. 30, 2026. GuruFocus rates IST:DGATE with a GF Score™ of 60/100 and a GF Value™ of ₺86.24 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,408 Hardware companies, Datagate Bilgisayar Malzeme leri Ticaret AS ranks worse than 74.71% 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 -2.1 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Datagate Bilgisayar Malzeme leri Ticaret AS's Beneish M-Score or its related term are showing as below:

IST:DGATE' s Beneish M-Score Range Over the Past 10 Years
Min: -5.82   Med: -2.44   Max: -0.41
Current: -2.1

During the past 13 years, the highest Beneish M-Score of Datagate Bilgisayar Malzeme leri Ticaret AS was -0.41. The lowest was -5.82. And the median was -2.44.


Datagate Bilgisayar Malzeme leri Ticaret AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Datagate Bilgisayar Malzeme leri Ticaret AS'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.

Datagate Bilgisayar Malzeme leri Ticaret AS Beneish M-Score Chart

Datagate Bilgisayar Malzeme leri Ticaret AS 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 -2.57 -2.77 -2.09 -2.30 -1.28

Datagate Bilgisayar Malzeme leri Ticaret AS 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 -2.74 -3.50 -2.94 -1.28 -2.10

IST:DGATE vs SNX, ARW, AVT: Beneish M-Score Comparison

For the Electronics & Computer Distribution subindustry, Datagate Bilgisayar Malzeme leri Ticaret AS'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.


Datagate Bilgisayar Malzeme leri Ticaret AS Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Datagate Bilgisayar Malzeme leri Ticaret AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Datagate Bilgisayar Malzeme leri Ticaret AS's Beneish M-Score falls into.


IST:DGATE
60GF Score
Datagate Bilgisayar Malzeme leri Ticaret AS IST:DGATE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Datagate Bilgisayar Malzeme leri Ticaret AS 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 Datagate Bilgisayar Malzeme leri Ticaret AS 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 * 1.2023+0.528 * 0.7171+0.404 * 3.1616+0.892 * 1.3015+0.115 * 0.5227
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.6483+4.679 * -0.170421-0.327 * 1.025
=-2.10

* 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 ₺3,976 Mil.
Revenue was 4642.413 + 4776.948 + 4558.593 + 3023.42 = ₺17,001 Mil.
Gross Profit was 293.938 + 364.383 + 280.791 + 311.351 = ₺1,250 Mil.
Total Current Assets was ₺5,227 Mil.
Total Assets was ₺5,602 Mil.
Property, Plant and Equipment(Net PPE) was ₺31 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺54 Mil.
Selling, General, & Admin. Expense(SGA) was ₺88 Mil.
Total Current Liabilities was ₺4,980 Mil.
Long-Term Debt & Capital Lease Obligation was ₺14 Mil.
Net Income was 25.319 + 62.423 + 0.114 + -19.965 = ₺68 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₺0 Mil.
Cash Flow from Operations was 1460.839 + -1531.507 + 825.938 + 267.241 = ₺1,023 Mil.
Total Receivables was ₺2,541 Mil.
Revenue was 3856.835 + 4504.295 + 2598.294 + 2103.227 = ₺13,063 Mil.
Gross Profit was 165.339 + 216.875 + 161.864 + 144.927 = ₺689 Mil.
Total Current Assets was ₺3,281 Mil.
Total Assets was ₺3,371 Mil.
Property, Plant and Equipment(Net PPE) was ₺24 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺12 Mil.
Selling, General, & Admin. Expense(SGA) was ₺105 Mil.
Total Current Liabilities was ₺2,919 Mil.
Long-Term Debt & Capital Lease Obligation was ₺13 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)
=(3975.936 / 17001.374) / (2540.867 / 13062.651)
=0.23386 / 0.194514
=1.2023

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)
=(689.005 / 13062.651) / (1250.463 / 17001.374)
=0.052746 / 0.073551
=0.7171

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 - (5226.856 + 31.198) / 5601.524) / (1 - (3280.948 + 24.245) / 3370.562)
=0.061317 / 0.019394
=3.1616

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
=17001.374 / 13062.651
=1.3015

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))
=(11.963 / (11.963 + 24.245)) / (53.614 / (53.614 + 31.198))
=0.330397 / 0.632151
=0.5227

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)
=(88.24 / 17001.374) / (104.571 / 13062.651)
=0.00519 / 0.008005
=0.6483

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)
=((14.497 + 4979.555) / 5601.524) / ((12.576 + 2919.039) / 3370.562)
=0.891552 / 0.86977
=1.025

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
=(67.891 - 0 - 1022.511) / 5601.524
=-0.170421

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.

Datagate Bilgisayar Malzeme leri Ticaret AS has a M-score of -2.10 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 -2.10 mean?
Datagate Bilgisayar Malzeme leri Ticaret AS (IST:DGATE) has a Beneish M-Score of -2.10 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Datagate Bilgisayar Malzeme leri Ticaret AS and its competitors. According to the industry distribution chart, Datagate Bilgisayar Malzeme leri Ticaret AS ranks #1799 out of 2408 companies in the Hardware industry, placing it in the top 74.7%.
Is Datagate Bilgisayar Malzeme leri Ticaret AS's Beneish M-Score too high?
Datagate Bilgisayar Malzeme leri Ticaret AS's current Beneish M-Score is -2.10. Based on the distribution chart, Datagate Bilgisayar Malzeme leri Ticaret AS ranks #1799 out of 2408 companies in the Hardware industry, which is below the industry midpoint. Overall, Datagate Bilgisayar Malzeme leri Ticaret AS has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Datagate Bilgisayar Malzeme leri Ticaret AS's Beneish M-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Datagate Bilgisayar Malzeme leri Ticaret AS ranks #1799 out of 2408 companies for Beneish M-Score. This places Datagate Bilgisayar Malzeme leri Ticaret AS 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Datagate Bilgisayar Malzeme leri Ticaret AS and its competitors. Datagate Bilgisayar Malzeme leri Ticaret AS's current Beneish M-Score is -2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Datagate Bilgisayar Malzeme leri Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Datagate Bilgisayar Malzeme leri Ticaret AS (IST:DGATE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺86.24, compared to a current price of ₺122.00 — trading 41.5% above its estimated fair value. The current Beneish M-Score is -2.10. Datagate Bilgisayar Malzeme leri Ticaret AS's overall GF Score™ is 60/100 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 Datagate Bilgisayar Malzeme leri Ticaret AS (IST:DGATE), the current Beneish M-Score is -2.10 as of Jun. 30, 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 Datagate Bilgisayar Malzeme leri Ticaret AS (IST:DGATE) Overvalued in 2026?

Based on GuruFocus' analysis, Datagate Bilgisayar Malzeme leri Ticaret AS stock appears to be overvalued. The current stock price of ₺122.00 is trading 41.5% above its estimated GF Value™ of ₺86.24. GuruFocus considers Datagate Bilgisayar Malzeme leri Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:DGATE:

  • Beneish M-Score: -2.10
  • GF Value™: ₺86.24 vs. price of ₺122.00 (41.5% above fair value)
  • GF Score™: 60/100 with 4 warning signs

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


Datagate Bilgisayar Malzeme leri Ticaret AS Business Description

Address Ayazaga Mahallesi, Ayazaga Cendere Caddesi No:13/2, Sisli, Istanbul, TUR
Datagate Bilgisayar Malzeme leri Ticaret AS is a Turkey-based company. It is engaged in supplying and selling mobile phones, mobile devices, accessories, top up, and computer products to dealers. The product line of the company also consists of tablets, modem, notebook, and console. It also provides services like after sales service, and call center.
60GF Score

Get the complete analysis for IST:DGATE

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

₺122.00
Price
₺86.24
GF Value