discoverIE Group (LSE:DSCV) Beneish M-Score: -2.45 (As of Jun. 25, 2026)

What is discoverIE Group Beneish M-Score?

discoverIE Group LSE:DSCV -0.29% 81 Beneish M-Score is -2.45 as of Jun. 25, 2026. GuruFocus rates LSE:DSCV with a GF Score™ of 81/100 and a GF Value™ of £6.89 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,403 Hardware companies, discoverIE Group ranks worse than 51.39% 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 -2.45 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:DSCV' s Beneish M-Score Range Over the Past 10 Years
Min: -2.81 Med: -2.61 Max: -2.39
Current: -2.45

During the past 13 years, the highest Beneish M-Score of discoverIE Group was -2.39. The lowest was -2.81. And the median was -2.61.

discoverIE Group Beneish M-Score Related Terms

discoverIE Group Beneish M-Score Historical Data

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The historical data trend for discoverIE Group'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.

discoverIE Group Beneish M-Score Chart

discoverIE Group Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Beneish M-Score

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-2.55

-2.58

-2.63

-2.81

-2.45

discoverIE Group Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Beneish M-Score	Get a 7-Day Free Trial															-2.63	0.00	-2.81	0.00	-2.45

LSE:DSCV vs APH, GLW, TEL: Beneish M-Score Comparison

For the Electronic Components subindustry, discoverIE Group'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.

discoverIE Group Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, discoverIE Group's Beneish M-Score distribution charts can be found below:

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

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81GF Score

discoverIE Group PLC LSE:DSCV

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

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discoverIE Group 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 discoverIE Group 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 * 1.1056

0.528 * 0.9883

0.404 * 0.9755

0.892 * 1.0482

0.115 * 1.0701

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0102

4.679 * -0.023467

0.327 * 0.9685

-2.45

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was £79.5 Mil.
Revenue was £443.3 Mil.
Gross Profit was £192.5 Mil.
Total Current Assets was £299.5 Mil.
Total Assets was £694.6 Mil.
Property, Plant and Equipment(Net PPE) was £57.3 Mil.
Depreciation, Depletion and Amortization(DDA) was £29.1 Mil.
Selling, General, & Admin. Expense(SGA) was £147.3 Mil.
Total Current Liabilities was £206.2 Mil.
Long-Term Debt & Capital Lease Obligation was £137.7 Mil.
Net Income was £29.0 Mil.
Gross Profit was £0.0 Mil.
Cash Flow from Operations was £45.3 Mil.

Total Receivables was £68.6 Mil.
Revenue was £422.9 Mil.
Gross Profit was £181.5 Mil.
Total Current Assets was £298.1 Mil.
Total Assets was £695.0 Mil.
Property, Plant and Equipment(Net PPE) was £50.4 Mil.
Depreciation, Depletion and Amortization(DDA) was £28.4 Mil.
Selling, General, & Admin. Expense(SGA) was £139.1 Mil.
Total Current Liabilities was £195.5 Mil.
Long-Term Debt & Capital Lease Obligation was £159.8 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)
	=	(79.5 / 443.3)	/	(68.6 / 422.9)
	=	0.179337	/	0.162213
	=	1.1056

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)
	=	(181.5 / 422.9)	/	(192.5 / 443.3)
	=	0.429179	/	0.434243
	=	0.9883

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 - (299.5 + 57.3) / 694.6)	/	(1 - (298.1 + 50.4) / 695)
	=	0.486323	/	0.498561
	=	0.9755

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
	=	443.3	/	422.9
	=	1.0482

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))
	=	(28.4 / (28.4 + 50.4))	/	(29.1 / (29.1 + 57.3))
	=	0.360406	/	0.336806
	=	1.0701

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)
	=	(147.3 / 443.3)	/	(139.1 / 422.9)
	=	0.332281	/	0.328919
	=	1.0102

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)
	=	((137.7 + 206.2) / 694.6)	/	((159.8 + 195.5) / 695)
	=	0.495105	/	0.511223
	=	0.9685

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
	=	(29 - 0	-	45.3)	/	694.6
	=	-0.023467

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.

discoverIE Group has a M-score of -2.45 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 -2.45 mean?

discoverIE Group (LSE:DSCV) has a Beneish M-Score of -2.45 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on discoverIE Group and its competitors. According to the industry distribution chart, discoverIE Group ranks #1235 out of 2403 companies in the Hardware industry, placing it in the top 51.4%.

Is discoverIE Group's Beneish M-Score too high?

discoverIE Group's current Beneish M-Score is -2.45. Based on the distribution chart, discoverIE Group ranks #1235 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, discoverIE Group has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does discoverIE Group's Beneish M-Score compare to APH and GLW?

According to the Hardware industry distribution chart, discoverIE Group ranks #1235 out of 2403 companies for Beneish M-Score. This places discoverIE Group 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 discoverIE Group and its competitors. discoverIE Group's current Beneish M-Score is -2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is discoverIE Group stock overvalued right now?

Based on GuruFocus' analysis, discoverIE Group (LSE:DSCV) is currently considered Fairly Valued. The stock's GF Value™ is £6.89, compared to a current price of £6.94 — trading 0.7% above its estimated fair value. The current Beneish M-Score is -2.45. discoverIE Group's overall GF Score™ is 81/100 with 8 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 discoverIE Group (LSE:DSCV), the current Beneish M-Score is -2.45 as of Jun. 25, 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 discoverIE Group (LSE:DSCV) Overvalued in 2026?

Based on GuruFocus' analysis, discoverIE Group stock appears to be overvalued. The current stock price of £6.94 is trading 0.7% above its estimated GF Value™ of £6.89. GuruFocus considers discoverIE Group to be Fairly Valued.

Key valuation signals for LSE:DSCV:

Beneish M-Score: -2.45
GF Value™: £6.89 vs. price of £6.94 (0.7% above fair value)
GF Score™: 81/100 with 8 warning signs

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

discoverIE Group Business Description

Industry Technology Hardware

Comparable Companies LSE:GHH LSE:TTG LSE:SOLI LSE:KETL LSE:WPHO LSE:LST LSE:CPX LSE:RPI TPE:2308 APH GLW TPE:2317 TSE:6981 XKRX:009150 SZSE:002475 TEL TPE:2383 SZSE:002384 FLEX SZSE:300476

Other Exchanges DSCVl:UK 9A5:Germany

Address 2 Chancellor Court, Occam Road, Surrey Research Park, Guildford, Surrey, GBR, GU2 7AH

Website https://www.discoverieplc.com

discoverIE Group PLC is a United Kingdom-based electronics manufacturing company. The company designs, manufactures, and distributes customer-specific electronic components and solutions. The company's segments include the Magnetics and Controls division (M&C) and the Sensing and Connectivity division (S&C). The company generates the majority of revenue from the M&C segment. Geographically, the company operates in the UK, Europe, North America, Asia, and the Rest of the world.

81GF Score

Get the complete analysis for LSE:DSCV

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

£6.94

Price

£6.89

GF Value

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