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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 -2.75 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Impact Developerntractor's Beneish M-Score or its related term are showing as below:
LTS:0I4Y'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.17 Med: -1.98 Max: 2.29
Current: -2.75
During the past 13 years, the highest Beneish M-Score of Impact Developerntractor was 2.29. The lowest was -3.17. And the median was -1.98.
Impact Developerntractor Beneish M-Score Related Terms
Impact Developerntractor Beneish M-Score Historical Data
* 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.
For the Real Estate - Development subindustry, Impact Developerntractor'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.
Impact Developerntractor Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Impact Developerntractor's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Impact Developerntractor's Beneish M-Score falls into.
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 Impact Developerntractor 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 * 0.8901
+
0.528 * 1.0952
+
0.404 * 1.0886
+
0.892 * 0.8459
+
0.115 * 0.9228
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.3296
+
4.679 * -0.021372
-
0.327 * 0.867
=
-2.75
* 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.
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.
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))
=
(4.415 / (4.415 + 94.459))
/
(4.58 / (4.58 + 90.075))
=
0.044653
/
0.048386
=
0.9228
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
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
=
(66.253 - 0
-
95.353)
/
1361.57
=
-0.021372
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.
Impact Developerntractor has a M-score of -2.75 suggests that the company is unlikely to be a manipulator.
Impact Developerntractor (LTS:0I4Y) has a Beneish M-Score of -2.75 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Impact Developerntractor and its competitors. According to the industry distribution chart, Impact Developerntractor ranks #418 out of 1683 companies in the Real Estate industry, placing it in the top 24.8%.
Is Impact Developerntractor's Beneish M-Score too high?
Impact Developerntractor's current Beneish M-Score is -2.75. Based on the distribution chart, Impact Developerntractor ranks #418 out of 1683 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Impact Developerntractor has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Impact Developerntractor's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Impact Developerntractor ranks #418 out of 1683 companies for Beneish M-Score. This places Impact Developerntractor in the top 25% 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Impact Developerntractor and its competitors. Impact Developerntractor's current Beneish M-Score is -2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impact Developerntractor stock overvalued right now?
Impact Developerntractor (LTS:0I4Y) has a current Beneish M-Score of -2.75. The stock's GF Value™ is lei3.10, compared to a current price of lei2.00 — trading 35.5% below its estimated fair value. The current Beneish M-Score is -2.75. Impact Developerntractor's overall GF Score™ is 68/100 with 6 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 Impact Developerntractor (LTS:0I4Y), the current Beneish M-Score is -2.75 as of Jul. 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 Impact Developerntractor (LTS:0I4Y) Overvalued in 2026?
Based on GuruFocus' analysis, Impact Developerntractor stock appears to be undervalued.
The current stock price of lei2.00 is trading 35.5% below its estimated GF Value™ of lei3.10.
Key valuation signals for LTS:0I4Y:
Beneish M-Score: -2.75
GF Value™: lei3.10 vs. price of lei2.00 (35.5% below fair value)
No single metric tells the full story. See the LTS:0I4Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impact Developer & Contractor SA have object of activity real estate development and sale and construction services. The company has two segments Development of residential properties: the Group is involved in the development and sale of residential properties; and Construction services: the Group uses a Group Company for the construction of its properties for sale. The company generates majority of revenue from Development of residential properties segment. The company's services are Financing, Interior design, Property management, Rental services, Sport and wellness, Construction, and Design and architecture. Its projects are Greenfield Baneasa, Luxuria Residence, Boreal Plus, Greenfield Copou, Greenfield Plaza.
68GF Score
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