Sebata Holdings (JSE:SEB) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is Sebata Holdings Beneish M-Score?

Sebata Holdings JSE:SEB 11 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates JSE:SEB with a GF Score™ of 11/100.

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 Sebata Holdings's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Sebata Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

Sebata Holdings Beneish M-Score Related Terms

Sebata Holdings Beneish M-Score Historical Data

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The historical data trend for Sebata Holdings'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.

Sebata Holdings Beneish M-Score Chart

Sebata Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Beneish M-Score

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-1.42

-3.46

-7.80

-2.72

-4.32

Sebata Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Beneish M-Score	Get a 7-Day Free Trial															0.00	-2.72	0.00	-4.32	0.00

JSE:SEB vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Sebata Holdings'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.

Sebata Holdings Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Sebata Holdings's Beneish M-Score distribution charts can be found below:

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

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Sebata Holdings Ltd JSE:SEB

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

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Sebata Holdings 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 Sebata Holdings 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 * 0.5453

0.528 * 1.017

0.404 * 1.0102

0.892 * 1.157

0.115 * 1.4917

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9069

4.679 * -0.229363

0.327 * 2.7695

-4.32

This Year (Mar24) TTM:

Last Year (Mar23) TTM:

Total Receivables was R5.6 Mil.
Revenue was R33.1 Mil.
Gross Profit was R28.4 Mil.
Total Current Assets was R258.5 Mil.
Total Assets was R468.8 Mil.
Property, Plant and Equipment(Net PPE) was R4.7 Mil.
Depreciation, Depletion and Amortization(DDA) was R4.7 Mil.
Selling, General, & Admin. Expense(SGA) was R17.4 Mil.
Total Current Liabilities was R57.0 Mil.
Long-Term Debt & Capital Lease Obligation was R30.6 Mil.
Net Income was R-113.9 Mil.
Gross Profit was R0.0 Mil.
Cash Flow from Operations was R-6.4 Mil.

Total Receivables was R8.9 Mil.
Revenue was R28.7 Mil.
Gross Profit was R25.0 Mil.
Total Current Assets was R324.3 Mil.
Total Assets was R575.8 Mil.
Property, Plant and Equipment(Net PPE) was R1.5 Mil.
Depreciation, Depletion and Amortization(DDA) was R4.5 Mil.
Selling, General, & Admin. Expense(SGA) was R16.6 Mil.
Total Current Liabilities was R38.4 Mil.
Long-Term Debt & Capital Lease Obligation was R0.4 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)
	=	(5.619 / 33.149)	/	(8.907 / 28.652)
	=	0.169507	/	0.310868
	=	0.5453

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)
	=	(24.995 / 28.652)	/	(28.434 / 33.149)
	=	0.872365	/	0.857763
	=	1.017

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 - (258.523 + 4.678) / 468.82)	/	(1 - (324.284 + 1.548) / 575.824)
	=	0.438588	/	0.434147
	=	1.0102

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
	=	33.149	/	28.652
	=	1.157

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))
	=	(4.516 / (4.516 + 1.548))	/	(4.664 / (4.664 + 4.678))
	=	0.744723	/	0.499251
	=	1.4917

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)
	=	(17.388 / 33.149)	/	(16.572 / 28.652)
	=	0.524541	/	0.578389
	=	0.9069

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)
	=	((30.576 + 57.045) / 468.82)	/	((0.444 + 38.415) / 575.824)
	=	0.186897	/	0.067484
	=	2.7695

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
	=	(-113.938 - 0	-	-6.408)	/	468.82
	=	-0.229363

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.

Sebata Holdings has a M-score of -4.32 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?

Sebata Holdings (JSE:SEB) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sebata Holdings and its competitors.

Is Sebata Holdings' Beneish M-Score too high?

Sebata Holdings' current Beneish M-Score is 0.00. Overall, Sebata Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.

How does Sebata Holdings' Beneish M-Score compare to CRM and SHOP?

Sebata Holdings' Beneish M-Score of 0.00 can be compared against companies in the Software 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 Software company?

A good Beneish M-Score depends on the Software 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 Sebata Holdings and its competitors. Sebata Holdings'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 Sebata Holdings stock overvalued right now?

Sebata Holdings (JSE:SEB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Sebata Holdings' overall GF Score™ is 11/100. 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 Sebata Holdings (JSE:SEB), the current Beneish M-Score is 0.00 as of Jun. 26, 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.

Sebata Holdings Business Description

Industry Technology Software

Comparable Companies JSE:ISA JSE:4SI XTER:SAP CRM SHOP UBER INTU NOW ADBE ADP SNOW CDNS ADSK WDAY DDOG TSX:CSU MSTR ROP FICO PAYX

Address Hunts End, 38 and 42 Wierda Road West, The Lodge, First Floor, Wierda Valley, Sandton, Johannesburg, GT, ZAF, 2196

Website https://www.sebataholdings.com

Sebata Holdings Ltd is a provider of integrated technology solutions and enterprise management solutions to municipalities, provincial government as well as public and private entities. It operates in two segments namely, Software Solutions and ICT Support Services. The majority of the revenue is generated from Software Solutions which is engaged in the development of bespoke software solutions.

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R0.83

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