Soho Giyim Ve Enerji AS (IST:SOHOE) Beneish M-Score: 0.00 (As of Aug. 31, 2026)

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IST:SOHOE Soho Giyim Ve Enerji AS IST:SOHOE
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What is Soho Giyim Ve Enerji AS Beneish M-Score?

Soho Giyim Ve Enerji AS IST:SOHOE -9.92% 10 Beneish M-Score is 0.00 as of Aug. 31, 2026. GuruFocus rates IST:SOHOE with a GF Score™ of 10/100. The stock has 5 warning signs investors should review. Among 1,003 Manufacturing - Apparel & Accessories companies, Soho Giyim Ve Enerji AS ranks worse than 99700.8% 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.

The historical rank and industry rank for Soho Giyim Ve Enerji AS's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Soho Giyim Ve Enerji AS was 0.00. The lowest was 0.00. And the median was 0.00.

Soho Giyim Ve Enerji AS Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Soho Giyim Ve Enerji 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.

Soho Giyim Ve Enerji AS Beneish M-Score Chart

Soho Giyim Ve Enerji AS Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

Soho Giyim Ve Enerji AS Semi-Annual Data
Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 0.00

Soho Giyim Ve Enerji AS Beneish M-Score Competitor Comparison

For the Textile Manufacturing subindustry, Soho Giyim Ve Enerji 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.

Soho Giyim Ve Enerji AS Beneish M-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Soho Giyim Ve Enerji AS's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Soho Giyim Ve Enerji AS's Beneish M-Score falls into.


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Soho Giyim Ve Enerji 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 Soho Giyim Ve Enerji 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 * 1.1513+0.528 * 0.6115+0.404 * 1.263+0.892 * 1.1346+0.115 * 0.4665
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.8961+4.679 * 0.002112-0.327 * 1.206
=-2.59

* 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 ₺1,311 Mil.
Revenue was ₺3,010 Mil.
Gross Profit was ₺989 Mil.
Total Current Assets was ₺2,619 Mil.
Total Assets was ₺5,057 Mil.
Property, Plant and Equipment(Net PPE) was ₺2,405 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺71 Mil.
Selling, General, & Admin. Expense(SGA) was ₺125 Mil.
Total Current Liabilities was ₺1,866 Mil.
Long-Term Debt & Capital Lease Obligation was ₺505 Mil.
Net Income was ₺49 Mil.
Gross Profit was ₺0 Mil.
Cash Flow from Operations was ₺39 Mil.
 Total Receivables was ₺1,003 Mil.
Revenue was ₺2,653 Mil.
Gross Profit was ₺533 Mil.
Total Current Assets was ₺2,292 Mil.
Total Assets was ₺4,181 Mil.
Property, Plant and Equipment(Net PPE) was ₺1,868 Mil.
Depreciation, Depletion and Amortization(DDA) was ₺25 Mil.
Selling, General, & Admin. Expense(SGA) was ₺58 Mil.
Total Current Liabilities was ₺1,273 Mil.
Long-Term Debt & Capital Lease Obligation was ₺352 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)
=(1310.618 / 3010.47) / (1003.3 / 2653.336)
=0.435353 / 0.378128
=1.1513

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)
=(532.801 / 2653.336) / (988.649 / 3010.47)
=0.200804 / 0.328404
=0.6115

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 - (2619.024 + 2405.461) / 5056.881) / (1 - (2291.839 + 1868.104) / 4181.149)
=0.006406 / 0.005072
=1.263

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
=3010.47 / 2653.336
=1.1346

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))
=(25.215 / (25.215 + 1868.104)) / (70.697 / (70.697 + 2405.461))
=0.013318 / 0.028551
=0.4665

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)
=(125.31 / 3010.47) / (58.25 / 2653.336)
=0.041625 / 0.021953
=1.8961

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)
=((505.179 + 1865.596) / 5056.881) / ((352.188 + 1273.146) / 4181.149)
=0.468822 / 0.388729
=1.206

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
=(49.364 - 0 - 38.684) / 5056.881
=0.002112

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.

Soho Giyim Ve Enerji AS has a M-score of -2.59 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 0.00 mean?
Soho Giyim Ve Enerji AS (IST:SOHOE) has a Beneish M-Score of 0.00 as of Aug. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Soho Giyim Ve Enerji AS and its competitors. According to the industry distribution chart, Soho Giyim Ve Enerji AS ranks #999999 out of 1003 companies in the Manufacturing - Apparel & Accessories industry.
Is Soho Giyim Ve Enerji AS's Beneish M-Score too high?
Soho Giyim Ve Enerji AS's current Beneish M-Score is 0.00. Based on the distribution chart, Soho Giyim Ve Enerji AS ranks #999999 out of 1003 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Soho Giyim Ve Enerji AS has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Soho Giyim Ve Enerji AS's Beneish M-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Soho Giyim Ve Enerji AS ranks #999999 out of 1003 companies for Beneish M-Score. This places Soho Giyim Ve Enerji 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 Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories 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 Soho Giyim Ve Enerji AS and its competitors. Soho Giyim Ve Enerji AS's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soho Giyim Ve Enerji AS stock overvalued right now?
Soho Giyim Ve Enerji AS (IST:SOHOE) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Soho Giyim Ve Enerji AS's overall GF Score™ is 10/100 with 5 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 Soho Giyim Ve Enerji AS (IST:SOHOE), the current Beneish M-Score is 0.00 as of Aug. 31, 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.
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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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