EPE Special Opportunities (LSE:ESO) Beneish M-Score: 0.56 (As of Jun. 24, 2026)


LSE:ESO EPE Special Opportunities Ltd LSE:ESO
28 GF Score
Price £2.35
! 3 Warning Signs
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What is EPE Special Opportunities Beneish M-Score?

EPE Special Opportunities LSE:ESO +1.29% 28 Beneish M-Score is 0.56 as of Jun. 24, 2026. GuruFocus rates LSE:ESO with a GF Score™ of 28/100. The stock has 3 warning signs investors should review. Among 955 Asset Management companies, EPE Special Opportunities ranks worse than 87.96% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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.

Warning Sign:

Beneish M-Score 0.56 higher than -1.78, which implies that the company might have manipulated its financial results.

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

LSE:ESO' s Beneish M-Score Range Over the Past 10 Years
Min: -3.65   Med: -0.94   Max: 9.47
Current: 0.56

During the past 13 years, the highest Beneish M-Score of EPE Special Opportunities was 9.47. The lowest was -3.65. And the median was -0.94.

LSE:ESO
28GF Score
EPE Special Opportunities Ltd LSE:ESO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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EPE Special Opportunities 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 EPE Special Opportunities 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+0.528 * 1+0.404 * 1+0.892 * 4.2855+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.2263+4.679 * -0.006303-0.327 * 0.9746
=0.56

* 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was £0.00 Mil.
Revenue was £8.03 Mil.
Gross Profit was £8.03 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £114.55 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 £0.67 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £3.99 Mil.
Net Income was £6.43 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £7.16 Mil.
 Total Receivables was £0.00 Mil.
Revenue was £1.87 Mil.
Gross Profit was £1.87 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £111.64 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 £0.69 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £3.99 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 / 8.031) / (0 / 1.874)
=0 / 0
=1

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)
=(1.874 / 1.874) / (8.031 / 8.031)
=1 / 1
=1

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 + 0) / 114.554) / (1 - (0 + 0) / 111.64)
=1 / 1
=1

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
=8.031 / 1.874
=4.2855

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))
= /
=1

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)
=(0.672 / 8.031) / (0.693 / 1.874)
=0.083676 / 0.369797
=0.2263

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)
=((3.988 + 0) / 114.554) / ((3.988 + 0) / 111.64)
=0.034813 / 0.035722
=0.9746

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
=(6.434 - 0 - 7.156) / 114.554
=-0.006303

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.

EPE Special Opportunities has a M-score of 0.56 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 0.56 mean?
EPE Special Opportunities (LSE:ESO) has a Beneish M-Score of 0.56 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EPE Special Opportunities and its competitors. According to the industry distribution chart, EPE Special Opportunities ranks #840 out of 955 companies in the Asset Management industry, placing it in the top 88%.
Is EPE Special Opportunities' Beneish M-Score too high?
EPE Special Opportunities' current Beneish M-Score is 0.56. Based on the distribution chart, EPE Special Opportunities ranks #840 out of 955 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, EPE Special Opportunities has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does EPE Special Opportunities' Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, EPE Special Opportunities ranks #840 out of 955 companies for Beneish M-Score. This places EPE Special Opportunities 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 EPE Special Opportunities and its competitors. EPE Special Opportunities's current Beneish M-Score is 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPE Special Opportunities stock overvalued right now?
EPE Special Opportunities (LSE:ESO) has a current Beneish M-Score of 0.56. The current Beneish M-Score is 0.56. EPE Special Opportunities' overall GF Score™ is 28/100 with 3 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 EPE Special Opportunities (LSE:ESO), the current Beneish M-Score is 0.56 as of Jun. 24, 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.

EPE Special Opportunities Business Description

Address Gaspe House, 66-72 Esplanade, Saint Helier, JEY, JE1 2LH
EPE Special Opportunities Ltd is an investment company. The company focuses on providing a long-term return on equity for its shareholders by way of investment in a portfolio of private equity assets. The group is engaged in a single business segment which includes financing for growth, buyout, and special situations in the United Kingdom. It targets various types of investments such as private investment in public equities, special purpose acquisition companies, and EPE funds. It considers industry sectors including business services, consumer and retail, financial services, and the industrials sector.
28GF Score

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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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