IVCBF (Investcorp Europe Acquisition I) Beneish M-Score: 0.00 (As of Jun. 28, 2026)

What is Investcorp Europe Acquisition I Beneish M-Score?

Investcorp Europe Acquisition I IVCBF 25 Beneish M-Score is 0.00 as of Jun. 28, 2026. GuruFocus rates IVCBF with a GF Score™ of 25/100.

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 Investcorp Europe Acquisition I's Beneish M-Score or its related term are showing as below:

During the past 3 years, the highest Beneish M-Score of Investcorp Europe Acquisition I was 0.00. The lowest was 0.00. And the median was 0.00.

Investcorp Europe Acquisition I Beneish M-Score Related Terms

Investcorp Europe Acquisition I Beneish M-Score Historical Data

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The historical data trend for Investcorp Europe Acquisition I'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.

Investcorp Europe Acquisition I Beneish M-Score Chart

Investcorp Europe Acquisition I Annual Data

Trend

Dec21

Dec22

Dec23

Beneish M-Score

0.00

Investcorp Europe Acquisition I Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Beneish M-Score	Get a 7-Day Free Trial										0.00	0.00	0.00	0.00	0.00

IVCBF vs KVAC, CFSU, PGAC: Beneish M-Score Comparison

For the Shell Companies subindustry, Investcorp Europe Acquisition I'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.

Investcorp Europe Acquisition I Beneish M-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Investcorp Europe Acquisition I's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Investcorp Europe Acquisition I's Beneish M-Score falls into.

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25GF Score

Investcorp Europe Acquisition Corp I IVCBF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Investcorp Europe Acquisition I 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 Investcorp Europe Acquisition I for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $0.06 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $0.24 Mil.
Total Assets was $127.94 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $13.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-4.42 Mil.
Gross Profit was $-6.25 Mil.
Cash Flow from Operations was $-1.83 Mil.

Total Receivables was $0.00 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $1.07 Mil.
Total Assets was $358.05 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $1.28 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
	=	(0.063 / 0)	/	(0 / 0)
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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 - (0.238 + 0) / 127.941)	/	(1 - (1.069 + 0) / 358.045)
	=	0.99814	/	0.997014
	=

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
	=	0	/	0
	=

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))
	=	(0 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(0 / 0)	/	(0 / 0)
	=		/
	=

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)
	=	((0 + 13.015) / 127.941)	/	((0 + 1.284) / 358.045)
	=	0.101727	/	0.003586
	=

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
	=	(-4.415 - -6.247	-	-1.83)	/	127.941
	=	0.028623

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Investcorp Europe Acquisition I (IVCBF) has a Beneish M-Score of 0.00 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Investcorp Europe Acquisition I and its competitors.

Is Investcorp Europe Acquisition I's Beneish M-Score too high?

Investcorp Europe Acquisition I's current Beneish M-Score is 0.00. Overall, Investcorp Europe Acquisition I has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.

How does Investcorp Europe Acquisition I's Beneish M-Score compare to KVAC and CFSU?

Investcorp Europe Acquisition I's Beneish M-Score of 0.00 can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?

A good Beneish M-Score depends on the Diversified Financial Services 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 Investcorp Europe Acquisition I and its competitors. Investcorp Europe Acquisition I'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 Investcorp Europe Acquisition I stock overvalued right now?

Investcorp Europe Acquisition I (IVCBF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Investcorp Europe Acquisition I's overall GF Score™ is 25/100. 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 Investcorp Europe Acquisition I (IVCBF), the current Beneish M-Score is 0.00 as of Jun. 28, 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.

Investcorp Europe Acquisition I Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies KVAC CFSU PGAC FGMC CHAR TGLO SPKL CHPG QSEA PCSC CCCX XKRX:319400 AACT EVAC CEPF ANSC WFHG EQV AAM GTEN

Address Elgin Avenue, Century Yard, Cricket Square, P.O. Box 1111, George Town, Grand Cayman, CYM, KY1-1102

Website https://investcorp.prod-use1.investis.com

Investcorp Europe Acquisition Corp I is a blank check company.

25GF Score

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