Tialis Essential IT (LSE:TIA) Beneish M-Score: -3.11 (As of Jun. 24, 2026)

What is Tialis Essential IT Beneish M-Score?

Tialis Essential IT LSE:TIA 36 Beneish M-Score is -3.11 as of Jun. 24, 2026. GuruFocus rates LSE:TIA with a GF Score™ of 36/100 and a GF Value™ of £0.49 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,633 Software companies, Tialis Essential IT ranks better than 80.29% 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 -3.11 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LSE:TIA' s Beneish M-Score Range Over the Past 10 Years
Min: -8.25 Med: -3.39 Max: -2.71
Current: -3.11

During the past 13 years, the highest Beneish M-Score of Tialis Essential IT was -2.71. The lowest was -8.25. And the median was -3.39.

Tialis Essential IT Beneish M-Score Related Terms

Tialis Essential IT Beneish M-Score Historical Data

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The historical data trend for Tialis Essential IT'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.

Tialis Essential IT Beneish M-Score Chart

Tialis Essential IT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-3.37

-2.71

-3.30

-4.20

-3.11

Tialis Essential IT 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															-3.30	0.00	-4.20	0.00	-3.11

LSE:TIA vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, Tialis Essential IT'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.

Tialis Essential IT Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Tialis Essential IT's Beneish M-Score distribution charts can be found below:

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

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36GF Score

Tialis Essential IT PLC LSE:TIA

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Tialis Essential IT 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 Tialis Essential IT for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9362

0.528 * 1.0109

0.404 * 1.3231

0.892 * 0.8475

0.115 * 1.0145

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1464

4.679 * -0.155273

0.327 * 0.4478

-3.11

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was £3.43 Mil.
Revenue was £17.66 Mil.
Gross Profit was £5.04 Mil.
Total Current Assets was £4.09 Mil.
Total Assets was £20.54 Mil.
Property, Plant and Equipment(Net PPE) was £0.48 Mil.
Depreciation, Depletion and Amortization(DDA) was £1.66 Mil.
Selling, General, & Admin. Expense(SGA) was £0.79 Mil.
Total Current Liabilities was £3.24 Mil.
Long-Term Debt & Capital Lease Obligation was £3.12 Mil.
Net Income was £-1.59 Mil.
Gross Profit was £0.00 Mil.
Cash Flow from Operations was £1.60 Mil.

Total Receivables was £4.32 Mil.
Revenue was £20.84 Mil.
Gross Profit was £6.01 Mil.
Total Current Assets was £5.17 Mil.
Total Assets was £14.29 Mil.
Property, Plant and Equipment(Net PPE) was £0.72 Mil.
Depreciation, Depletion and Amortization(DDA) was £2.67 Mil.
Selling, General, & Admin. Expense(SGA) was £0.81 Mil.
Total Current Liabilities was £5.19 Mil.
Long-Term Debt & Capital Lease Obligation was £4.69 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)
	=	(3.425 / 17.663)	/	(4.317 / 20.842)
	=	0.193908	/	0.20713
	=	0.9362

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)
	=	(6.012 / 20.842)	/	(5.04 / 17.663)
	=	0.288456	/	0.285342
	=	1.0109

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 - (4.089 + 0.477) / 20.538)	/	(1 - (5.171 + 0.718) / 14.285)
	=	0.77768	/	0.587749
	=	1.3231

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
	=	17.663	/	20.842
	=	0.8475

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))
	=	(2.668 / (2.668 + 0.718))	/	(1.659 / (1.659 + 0.477))
	=	0.78795	/	0.776685
	=	1.0145

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)
	=	(0.786 / 17.663)	/	(0.809 / 20.842)
	=	0.0445	/	0.038816
	=	1.1464

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)
	=	((3.116 + 3.241) / 20.538)	/	((4.686 + 5.187) / 14.285)
	=	0.309524	/	0.691145
	=	0.4478

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
	=	(-1.594 - 0	-	1.595)	/	20.538
	=	-0.155273

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.

Tialis Essential IT has a M-score of -3.11 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 -3.11 mean?

Tialis Essential IT (LSE:TIA) has a Beneish M-Score of -3.11 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Tialis Essential IT and its competitors. According to the industry distribution chart, Tialis Essential IT ranks #519 out of 2633 companies in the Software industry, placing it in the top 19.7%.

Is Tialis Essential IT's Beneish M-Score too high?

Tialis Essential IT's current Beneish M-Score is -3.11. Based on the distribution chart, Tialis Essential IT ranks #519 out of 2633 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Tialis Essential IT has a GF Score™ of 36/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Tialis Essential IT's Beneish M-Score compare to IBM and ACN?

According to the Software industry distribution chart, Tialis Essential IT ranks #519 out of 2633 companies for Beneish M-Score. This places Tialis Essential IT in the top 20% 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 a Software company?

A good Beneish M-Score depends on the Software 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 Tialis Essential IT and its competitors. Tialis Essential IT's current Beneish M-Score is -3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Tialis Essential IT stock overvalued right now?

Based on GuruFocus' analysis, Tialis Essential IT (LSE:TIA) is currently considered Fairly Valued. The stock's GF Value™ is £0.49, compared to a current price of £0.51 — trading 3.1% above its estimated fair value. The current Beneish M-Score is -3.11. Tialis Essential IT's overall GF Score™ is 36/100 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 Tialis Essential IT (LSE:TIA), the current Beneish M-Score is -3.11 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.

Is Tialis Essential IT (LSE:TIA) Overvalued in 2026?

Based on GuruFocus' analysis, Tialis Essential IT stock appears to be overvalued. The current stock price of £0.51 is trading 3.1% above its estimated GF Value™ of £0.49. GuruFocus considers Tialis Essential IT to be Fairly Valued.

Key valuation signals for LSE:TIA:

Beneish M-Score: -3.11
GF Value™: £0.49 vs. price of £0.51 (3.1% above fair value)
GF Score™: 36/100 with 3 warning signs

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

Tialis Essential IT Business Description

Industry Technology Software

Comparable Companies LSE:MBO LSE:GST LSE:TRD LSE:TPX LSE:MTEC IBM ACN NSE:TCS NSE:INFY TSE:6702 TSE:6701 NSE:HCLTECH FISV XMAD:AMS CTSH BOM:507685 FIS XPAR:CAP TSE:4307 BR

Address 24 Dublin Street, Edinburgh, GBR, EH1 3PP

Website https://www.tialis.com

Tialis Essential IT PLC is a specialist managed service provider with a broad portfolio of IT services and technology solutions. Its principal activities include the provision of end-to-end solutions to enterprise-scale end-customers, and public and private customers, concentrating on end-user device management and on-site support solutions. The company has two operating segment being the provision of end-to-end IT solutions, concentrating on end-user device management and on-site support solutions and AI consulting services. Geographically, it generates a majority of its revenue from the United Kingdom and the rest from Europe.

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£0.51

Price

£0.49

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