4imprint Group (LSE:FOUR) Beneish M-Score: -2.88 (As of Jul. 26, 2026)

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LSE:FOUR 4imprint Group PLC LSE:FOUR
85 GF Score
Price £39.48
GF Value £47.48
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is 4imprint Group Beneish M-Score?

4imprint Group LSE:FOUR +0.87% 85 Beneish M-Score is -2.88 as of Jul. 26, 2026. GuruFocus rates LSE:FOUR with a GF Score™ of 85/100 and a GF Value™ of £47.48 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 974 Media - Diversified companies, 4imprint Group ranks better than 70.94% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for 4imprint Group's Beneish M-Score or its related term are showing as below:

LSE:FOUR' s Beneish M-Score Range Over the Past 10 Years
Min: -3.26   Med: -2.53   Max: -1.79
Current: -2.88

During the past 13 years, the highest Beneish M-Score of 4imprint Group was -1.79. The lowest was -3.26. And the median was -2.53.


4imprint Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for 4imprint 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.

4imprint Group Beneish M-Score Chart

4imprint Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.79 -1.79 -3.26 -2.78 -2.88

4imprint Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.26 0.00 -2.78 0.00 -2.88

LSE:FOUR vs APP, OMC, TTD: Beneish M-Score Comparison

For the Advertising Agencies subindustry, 4imprint 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.


4imprint Group Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, 4imprint Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where 4imprint Group's Beneish M-Score falls into.


LSE:FOUR
85GF Score
4imprint Group PLC LSE:FOUR
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

4imprint 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 4imprint Group 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 * 0.9225+0.528 * 0.9832+0.404 * 1.1932+0.892 * 0.9298+0.115 * 0.9562
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.065955-0.327 * 1.0611
=-2.88

* 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 £38.5 Mil.
Revenue was £1,006.1 Mil.
Gross Profit was £325.7 Mil.
Total Current Assets was £153.7 Mil.
Total Assets was £195.9 Mil.
Property, Plant and Equipment(Net PPE) was £38.5 Mil.
Depreciation, Depletion and Amortization(DDA) was £5.2 Mil.
Selling, General, & Admin. Expense(SGA) was £0.0 Mil.
Total Current Liabilities was £71.1 Mil.
Long-Term Debt & Capital Lease Obligation was £1.4 Mil.
Net Income was £84.9 Mil.
Gross Profit was £0.0 Mil.
Cash Flow from Operations was £97.8 Mil.
Total Receivables was £44.9 Mil.
Revenue was £1,082.0 Mil.
Gross Profit was £344.4 Mil.
Total Current Assets was £181.5 Mil.
Total Assets was £227.4 Mil.
Property, Plant and Equipment(Net PPE) was £42.3 Mil.
Depreciation, Depletion and Amortization(DDA) was £5.4 Mil.
Selling, General, & Admin. Expense(SGA) was £0.0 Mil.
Total Current Liabilities was £76.6 Mil.
Long-Term Debt & Capital Lease Obligation was £2.7 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)
=(38.47 / 1006.06) / (44.85 / 1082.009)
=0.038238 / 0.041451
=0.9225

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)
=(344.401 / 1082.009) / (325.692 / 1006.06)
=0.318298 / 0.32373
=0.9832

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 - (153.733 + 38.545) / 195.938) / (1 - (181.534 + 42.318) / 227.412)
=0.018679 / 0.015654
=1.1932

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
=1006.06 / 1082.009
=0.9298

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))
=(5.379 / (5.379 + 42.318)) / (5.154 / (5.154 + 38.545))
=0.112774 / 0.117943
=0.9562

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 / 1006.06) / (0 / 1082.009)
=0 / 0
=1

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)
=((1.419 + 71.114) / 195.938) / ((2.689 + 76.648) / 227.412)
=0.370183 / 0.348869
=1.0611

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
=(84.859 - 0 - 97.782) / 195.938
=-0.065955

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.

4imprint Group has a M-score of -2.88 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 -2.88 mean?
4imprint Group (LSE:FOUR) has a Beneish M-Score of -2.88 as of Jul. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on 4imprint Group and its competitors. According to the industry distribution chart, 4imprint Group ranks #283 out of 974 companies in the Media - Diversified industry, placing it in the top 29.1%.
Is 4imprint Group's Beneish M-Score too high?
4imprint Group's current Beneish M-Score is -2.88. Based on the distribution chart, 4imprint Group ranks #283 out of 974 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, 4imprint Group has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does 4imprint Group's Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, 4imprint Group ranks #283 out of 974 companies for Beneish M-Score. This puts 4imprint Group in the upper 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 4imprint Group and its competitors. 4imprint Group's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 4imprint Group stock overvalued right now?
Based on GuruFocus' analysis, 4imprint Group (LSE:FOUR) is currently considered Modestly Undervalued. The stock's GF Value™ is £47.48, compared to a current price of £39.48 — trading 16.8% below its estimated fair value. The current Beneish M-Score is -2.88. 4imprint Group's overall GF Score™ is 85/100 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 4imprint Group (LSE:FOUR), the current Beneish M-Score is -2.88 as of Jul. 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.

Is 4imprint Group (LSE:FOUR) Overvalued in 2026?

Based on GuruFocus' analysis, 4imprint Group stock appears to be undervalued. The current stock price of £39.48 is trading 16.8% below its estimated GF Value™ of £47.48. GuruFocus considers 4imprint Group to be Modestly Undervalued.

Key valuation signals for LSE:FOUR:

  • Beneish M-Score: -2.88
  • GF Value™: £47.48 vs. price of £39.48 (16.8% below fair value)
  • GF Score™: 85/100 with 5 warning signs

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


4imprint Group Business Description

Address 25 Southampton Buildings, London, GBR, WC2A 1AL
4imprint Group PLC is engaged in the sale and distribution of promotional products. The company operates in two geographical segments; North America and the United Kingdom and Ireland, Out of which a majority of its revenue is derived from the North American segment. Its products comprise apparel, stationery, technology, and food products among others. The company's plan of action involves achieving organic growth. This implies the use of data-driven, offline, and online direct marketing techniques thereby capturing large and fragmented promotional product markets.
85GF Score

Get the complete analysis for LSE:FOUR

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

£39.48
Price
£47.48
GF Value