MediaZest (LSE:MDZ) Beneish M-Score: -1.72 (As of Jun. 25, 2026)


What is MediaZest Beneish M-Score?

MediaZest LSE:MDZ +2.04% Beneish M-Score is -1.72 as of Jun. 25, 2026. The stock has 5 warning signs investors should review. Among 989 Media - Diversified companies, MediaZest ranks worse than 83.42% 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.

Warning Sign:

Beneish M-Score -1.72 higher than -1.78, which implies that the company might have manipulated its financial results.

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

LSE:MDZ' s Beneish M-Score Range Over the Past 10 Years
Min: -4.01   Med: -1.85   Max: 0.19
Current: -1.72

During the past 13 years, the highest Beneish M-Score of MediaZest was 0.19. The lowest was -4.01. And the median was -1.85.

MediaZest Beneish M-Score Historical Data

* Premium members only.

The historical data trend for MediaZest'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.

MediaZest Beneish M-Score Chart

MediaZest Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.56 -1.70 -4.01 -1.85 -1.72

MediaZest Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 0.00 -1.85 0.00 -1.72 0.00

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

For the Advertising Agencies subindustry, MediaZest'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.

MediaZest Beneish M-Score vs Media - Diversified Industry

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

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


MediaZest 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 MediaZest 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 * 2.0416+0.528 * 0.9187+0.404 * 0.7829+0.892 * 1.3513+0.115 * 0.6809
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9493+4.679 * -0.074656-0.327 * 1.0158
=-1.72

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was £1.40 Mil.
Revenue was £4.15 Mil.
Gross Profit was £2.35 Mil.
Total Current Assets was £1.94 Mil.
Total Assets was £5.09 Mil.
Property, Plant and Equipment(Net PPE) was £0.37 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.11 Mil.
Selling, General, & Admin. Expense(SGA) was £2.12 Mil.
Total Current Liabilities was £3.95 Mil.
Long-Term Debt & Capital Lease Obligation was £0.45 Mil.
Net Income was £0.10 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £0.48 Mil.
 Total Receivables was £0.51 Mil.
Revenue was £3.07 Mil.
Gross Profit was £1.60 Mil.
Total Current Assets was £0.79 Mil.
Total Assets was £3.97 Mil.
Property, Plant and Equipment(Net PPE) was £0.41 Mil.
Depreciation, Depletion and Amortization(DDA) was £0.07 Mil.
Selling, General, & Admin. Expense(SGA) was £1.66 Mil.
Total Current Liabilities was £2.89 Mil.
Long-Term Debt & Capital Lease Obligation was £0.49 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)
=(1.396 / 4.154) / (0.506 / 3.074)
=0.336062 / 0.164606
=2.0416

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)
=(1.595 / 3.074) / (2.346 / 4.154)
=0.518868 / 0.564757
=0.9187

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 - (1.935 + 0.374) / 5.09) / (1 - (0.789 + 0.411) / 3.972)
=0.546365 / 0.697885
=0.7829

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
=4.154 / 3.074
=1.3513

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))
=(0.074 / (0.074 + 0.411)) / (0.108 / (0.108 + 0.374))
=0.152577 / 0.224066
=0.6809

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)
=(2.123 / 4.154) / (1.655 / 3.074)
=0.511074 / 0.538386
=0.9493

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)
=((0.448 + 3.953) / 5.09) / ((0.492 + 2.889) / 3.972)
=0.864637 / 0.851208
=1.0158

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
=(0.098 - 0 - 0.478) / 5.09
=-0.074656

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.

MediaZest has a M-score of -1.72 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 -1.72 mean?
MediaZest (LSE:MDZ) has a Beneish M-Score of -1.72 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on MediaZest and its competitors. According to the industry distribution chart, MediaZest ranks #825 out of 989 companies in the Media - Diversified industry, placing it in the top 83.4%.
Is MediaZest's Beneish M-Score too high?
MediaZest's current Beneish M-Score is -1.72. Based on the distribution chart, MediaZest ranks #825 out of 989 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers.
How does MediaZest's Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, MediaZest ranks #825 out of 989 companies for Beneish M-Score. This places MediaZest 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 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 MediaZest and its competitors. MediaZest's current Beneish M-Score is -1.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MediaZest stock overvalued right now?
MediaZest (LSE:MDZ) has a current Beneish M-Score of -1.72. The current Beneish M-Score is -1.72. 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 MediaZest (LSE:MDZ), the current Beneish M-Score is -1.72 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.

MediaZest Business Description

Address Albert Drive, Unit 9, Working Business Park, Woking, Surrey, GBR, GU21 5JY
MediaZest PLC is an audio-visual solutions provider specializing in digital signage and audio systems, offering integrated services including content creation, system design, installation, technical support, and maintenance. The company operates across retail, automotive, and corporate office sectors, delivering solutions such as digital displays, self-service kiosks, showroom technologies, videowalls, and hybrid meeting and conferencing systems. It mainly serves brands seeking to enhance customer experience and communication through technology. Geographically, it generates the majority of its revenue from the UK and the Channel Islands, with income derived from hardware and installation, support and maintenance, and other services, including software solutions.