Mavenome and Growth VCT 3 (LSE:MIG3) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


LSE:MIG3 Maven Income and Growth VCT 3 PLC LSE:MIG3
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What is Mavenome and Growth VCT 3 Beneish M-Score?

Mavenome and Growth VCT 3 LSE:MIG3 30 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates LSE:MIG3 with a GF Score™ of 30/100. The stock has 5 warning signs investors should review. Among 954 Asset Management companies, Mavenome and Growth VCT 3 ranks worse than 104821.7% 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.

The historical rank and industry rank for Mavenome and Growth VCT 3's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Mavenome and Growth VCT 3 was 0.00. The lowest was 0.00. And the median was 0.00.

LSE:MIG3
30GF Score
Maven Income and Growth VCT 3 PLC LSE:MIG3
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mavenome and Growth VCT 3 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 Mavenome and Growth VCT 3 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Nov25) TTM:Last Year (Nov24) TTM:
Total Receivables was £0.00 Mil.
Revenue was £1.66 Mil.
Gross Profit was £1.66 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £66.37 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 £0.45 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 Mil.
Net Income was £1.22 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £-0.68 Mil.
 Total Receivables was £0.00 Mil.
Revenue was £2.90 Mil.
Gross Profit was £2.90 Mil.
Total Current Assets was £0.00 Mil.
Total Assets was £62.49 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 £0.41 Mil.
Total Current Liabilities was £0.00 Mil.
Long-Term Debt & Capital Lease Obligation was £0.00 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 / 1.663) / (0 / 2.901)
=0 / 0
=

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)
=(2.901 / 2.901) / (1.663 / 1.663)
=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) / 66.374) / (1 - (0 + 0) / 62.492)
=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
=1.663 / 2.901
=

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))
= /
=

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)
=(0.445 / 1.663) / (0.413 / 2.901)
=0.267589 / 0.142365
=

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 + 0) / 66.374) / ((0 + 0) / 62.492)
=0 / 0
=

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
=(1.218 - 0 - -0.679) / 66.374
=0.02858

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Mavenome and Growth VCT 3 (LSE:MIG3) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mavenome and Growth VCT 3 and its competitors. According to the industry distribution chart, Mavenome and Growth VCT 3 ranks #999999 out of 954 companies in the Asset Management industry.
Is Mavenome and Growth VCT 3's Beneish M-Score too high?
Mavenome and Growth VCT 3's current Beneish M-Score is 0.00. Based on the distribution chart, Mavenome and Growth VCT 3 ranks #999999 out of 954 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Mavenome and Growth VCT 3 has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Mavenome and Growth VCT 3's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Mavenome and Growth VCT 3 ranks #999999 out of 954 companies for Beneish M-Score. This places Mavenome and Growth VCT 3 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 Mavenome and Growth VCT 3 and its competitors. Mavenome and Growth VCT 3's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mavenome and Growth VCT 3 stock overvalued right now?
Mavenome and Growth VCT 3 (LSE:MIG3) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Mavenome and Growth VCT 3's overall GF Score™ is 30/100 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 Mavenome and Growth VCT 3 (LSE:MIG3), the current Beneish M-Score is 0.00 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.

Mavenome and Growth VCT 3 Business Description

Address 205 West George Street, Kintyre House, Glasgow, GBR, G2 2LW
Maven Income and Growth VCT 3 PLC is a Venture Capital Trust (VCT). Its investment objective is to achieve long-term capital appreciation and generate income for shareholders. The company invests the majority of its funds in a diversified portfolio of shares and securities in smaller, unquoted UK companies and AIM-quoted companies that meet the criteria for VCT qualifying investments and have growth potential. Its investment portfolio comprises companies from various sectors such as software and technology, business services, industrials and engineering, learning and development, recruitment technology, pharmaceuticals, etc.
30GF 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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