ME Group International (LSE:MEGP) Beneish M-Score: -3.00 (As of Jun. 26, 2026)


LSE:MEGP ME Group International PLC LSE:MEGP
76 GF Score
Price £1.03
GF Value £1.82
Valuation Significantly Undervalued
! 1 Warning Sign
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What is ME Group International Beneish M-Score?

ME Group International LSE:MEGP +0.19% 76 Beneish M-Score is -3.00 as of Jun. 26, 2026. GuruFocus rates LSE:MEGP with a GF Score™ of 76/100 and a GF Value™ of £1.82 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,926 Industrial Products companies, ME Group International ranks better than 87.49% 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 -3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:MEGP' s Beneish M-Score Range Over the Past 10 Years
Min: -3.64   Med: -2.86   Max: -2.33
Current: -3

During the past 13 years, the highest Beneish M-Score of ME Group International was -2.33. The lowest was -3.64. And the median was -2.86.

ME Group International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for ME Group International'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.

ME Group International Beneish M-Score Chart

ME Group International Annual Data
Trend Apr16 Apr17 Apr18 Apr19 Apr20 Oct21 Oct22 Oct23 Oct24 Oct25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.40 -3.64 -2.42 -2.68 -3.00

ME Group International Semi-Annual Data
Oct15 Apr16 Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
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 -2.42 0.00 -2.68 0.00 -3.00

ME Group International Beneish M-Score Competitor Comparison

For the Business Equipment & Supplies subindustry, ME Group International'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.

ME Group International Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, ME Group International's Beneish M-Score distribution charts can be found below:

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


LSE:MEGP
76GF Score
ME Group International PLC LSE:MEGP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ME Group International 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 ME Group International 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 * 0.9735+0.528 * 0.9929+0.404 * 0.8718+0.892 * 1.0244+0.115 * 1.1322
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2567+4.679 * -0.102246-0.327 * 0.8635
=-3.00

* 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 (Oct25) TTM:Last Year (Oct24) TTM:
Total Receivables was £19.2 Mil.
Revenue was £315.4 Mil.
Gross Profit was £113.0 Mil.
Total Current Assets was £133.5 Mil.
Total Assets was £334.4 Mil.
Property, Plant and Equipment(Net PPE) was £169.5 Mil.
Depreciation, Depletion and Amortization(DDA) was £42.3 Mil.
Selling, General, & Admin. Expense(SGA) was £14.3 Mil.
Total Current Liabilities was £86.6 Mil.
Long-Term Debt & Capital Lease Obligation was £20.3 Mil.
Net Income was £56.6 Mil.
Gross Profit was £0.0 Mil.
Cash Flow from Operations was £90.8 Mil.
 Total Receivables was £19.3 Mil.
Revenue was £307.9 Mil.
Gross Profit was £109.5 Mil.
Total Current Assets was £134.9 Mil.
Total Assets was £304.0 Mil.
Property, Plant and Equipment(Net PPE) was £136.3 Mil.
Depreciation, Depletion and Amortization(DDA) was £39.8 Mil.
Selling, General, & Admin. Expense(SGA) was £11.1 Mil.
Total Current Liabilities was £76.5 Mil.
Long-Term Debt & Capital Lease Obligation was £36.0 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)
=(19.238 / 315.393) / (19.292 / 307.886)
=0.060997 / 0.06266
=0.9735

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)
=(109.492 / 307.886) / (112.963 / 315.393)
=0.355625 / 0.358166
=0.9929

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 - (133.514 + 169.506) / 334.39) / (1 - (134.912 + 136.332) / 303.951)
=0.093813 / 0.107606
=0.8718

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
=315.393 / 307.886
=1.0244

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))
=(39.834 / (39.834 + 136.332)) / (42.299 / (42.299 + 169.506))
=0.226116 / 0.199707
=1.1322

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)
=(14.343 / 315.393) / (11.142 / 307.886)
=0.045477 / 0.036189
=1.2567

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)
=((20.271 + 86.58) / 334.39) / ((35.957 + 76.519) / 303.951)
=0.31954 / 0.370046
=0.8635

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
=(56.572 - 0 - 90.762) / 334.39
=-0.102246

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.

ME Group International has a M-score of -3.00 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 -3.00 mean?
ME Group International (LSE:MEGP) has a Beneish M-Score of -3.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on ME Group International and its competitors. According to the industry distribution chart, ME Group International ranks #366 out of 2926 companies in the Industrial Products industry, placing it in the top 12.5%.
Is ME Group International's Beneish M-Score too high?
ME Group International's current Beneish M-Score is -3.00. Based on the distribution chart, ME Group International ranks #366 out of 2926 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, ME Group International has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ME Group International's Beneish M-Score compare to competitors?
According to the Industrial Products industry distribution chart, ME Group International ranks #366 out of 2926 companies for Beneish M-Score. This places ME Group International in the top 13% of its industry — outperforming the majority of peers. 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 Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 ME Group International and its competitors. ME Group International's current Beneish M-Score is -3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ME Group International stock overvalued right now?
Based on GuruFocus' analysis, ME Group International (LSE:MEGP) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.82, compared to a current price of £1.03 — trading 43.2% below its estimated fair value. The current Beneish M-Score is -3.00. ME Group International's overall GF Score™ is 76/100 with 1 warning sign 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 ME Group International (LSE:MEGP), the current Beneish M-Score is -3.00 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.

Is ME Group International (LSE:MEGP) Overvalued in 2026?

Based on GuruFocus' analysis, ME Group International stock appears to be undervalued. The current stock price of £1.03 is trading 43.2% below its estimated GF Value™ of £1.82. GuruFocus considers ME Group International to be Significantly Undervalued.

Key valuation signals for LSE:MEGP:

  • Beneish M-Score: -3.00
  • GF Value™: £1.82 vs. price of £1.03 (43.2% below fair value)
  • GF Score™: 76/100 with 1 warning sign

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

ME Group International Business Description

Other Exchanges MEGPl:UKPHQ:Germany
Address Blenheim Road, Unit 3B, Epsom, London, Surrey, GBR, KT19 9AP
ME Group International PLC operates, sells and services a wide range of instant-service vending equipment, aimed at the consumer market. The group operates vending units across 20 countries and its technological innovation is focused on four principal areas namely Photobooths and integrated biometric identification solutions; Unattended laundry services and launderettes; High-quality digital printigg kiosks and Vending equipment for the food service market. Geographically, the company reports its segments and operates in UK & Republic of Ireland, Asia Pacific and Continental Europe, which is the majority revenue generator.
76GF Score

Get the complete analysis for LSE:MEGP

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

£1.03
Price
£1.82
GF Value