Regala Invest AD (LTS:0QRM) Beneish M-Score: 0.00 (As of Jul. 12, 2026)


LTS:0QRM Regala Invest AD LTS:0QRM
20 GF Score
Price лв2.70
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What is Regala Invest AD Beneish M-Score?

Regala Invest AD LTS:0QRM 20 Beneish M-Score is 0.00 as of Jul. 12, 2026. GuruFocus rates LTS:0QRM with a GF Score™ of 20/100. Among 1,685 Real Estate companies, Regala Invest AD ranks worse than 59347.12% 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.

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

During the past 13 years, the highest Beneish M-Score of Regala Invest AD was 9.44. The lowest was -836.54. And the median was -4.00.

Regala Invest AD Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Regala Invest AD'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.

Regala Invest AD Beneish M-Score Chart

Regala Invest AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.44 -836.54 0.00 0.00 0.00

Regala Invest AD Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 0.00 0.00 0.00

LTS:0QRM vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, Regala Invest AD'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.

Regala Invest AD Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Regala Invest AD's Beneish M-Score distribution charts can be found below:

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


LTS:0QRM
20GF Score
Regala Invest AD LTS:0QRM
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Regala Invest AD 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 Regala Invest AD 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was лв0.31 Mil.
Revenue was 0 + 0.157 + 6.45 + 0 = лв6.61 Mil.
Gross Profit was 0 + 0.013 + 6.45 + 0 = лв6.46 Mil.
Total Current Assets was лв3.25 Mil.
Total Assets was лв21.39 Mil.
Property, Plant and Equipment(Net PPE) was лв0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was лв0.00 Mil.
Selling, General, & Admin. Expense(SGA) was лв0.01 Mil.
Total Current Liabilities was лв0.50 Mil.
Long-Term Debt & Capital Lease Obligation was лв0.00 Mil.
Net Income was -0.041 + -0.039 + -0.145 + -0.049 = лв-0.27 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = лв0.00 Mil.
Cash Flow from Operations was 0.1 + 0.031 + 0.457 + -0.001 = лв0.59 Mil.
 Total Receivables was лв0.17 Mil.
Revenue was 0 + 0 + 0 + 0 = лв0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = лв0.00 Mil.
Total Current Assets was лв3.05 Mil.
Total Assets was лв21.72 Mil.
Property, Plant and Equipment(Net PPE) was лв0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was лв0.00 Mil.
Selling, General, & Admin. Expense(SGA) was лв0.01 Mil.
Total Current Liabilities was лв0.56 Mil.
Long-Term Debt & Capital Lease Obligation was лв0.00 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)
=(0.309 / 6.607) / (0.169 / 0)
=0.046769 /
=

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)
=(0 / 0) / (6.463 / 6.607)
= / 0.978205
=

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 - (3.245 + 0.083) / 21.389) / (1 - (3.053 + 0.083) / 21.722)
=0.844406 / 0.85563
=

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
=6.607 / 0
=

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 + 0.083)) / (0 / (0 + 0.083))
=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)
=(0.013 / 6.607) / (0.008 / 0)
=0.001968 /
=

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 + 0.499) / 21.389) / ((0 + 0.558) / 21.722)
=0.02333 / 0.025688
=

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
=(-0.274 - 0 - 0.587) / 21.389
=-0.040254

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?
Regala Invest AD (LTS:0QRM) has a Beneish M-Score of 0.00 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Regala Invest AD and its competitors. According to the industry distribution chart, Regala Invest AD ranks #999999 out of 1685 companies in the Real Estate industry.
Is Regala Invest AD's Beneish M-Score too high?
Regala Invest AD's current Beneish M-Score is 0.00. Based on the distribution chart, Regala Invest AD ranks #999999 out of 1685 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Regala Invest AD has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Regala Invest AD's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Regala Invest AD ranks #999999 out of 1685 companies for Beneish M-Score. This places Regala Invest AD 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 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 Regala Invest AD and its competitors. Regala Invest AD'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 Regala Invest AD stock overvalued right now?
Regala Invest AD (LTS:0QRM) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Regala Invest AD's overall GF Score™ is 20/100. 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 Regala Invest AD (LTS:0QRM), the current Beneish M-Score is 0.00 as of Jul. 12, 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.

Regala Invest AD Business Description

Other Exchanges RGL:Bulgaria
Address Street George Stamatov 1, Asparuhovo, Varna, BGR, 9003
Regala Invest AD operates in the real estate sector. The company is engaged in the buying, selling and renting of real estates.
20GF 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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