Elior Group (LTS:0QVP) Beneish M-Score: -2.88 (As of Jun. 26, 2026)


LTS:0QVP Elior Group SA LTS:0QVP
63 GF Score
Price €1.97
GF Value €2.60
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Elior Group Beneish M-Score?

Elior Group LTS:0QVP -1.18% 63 Beneish M-Score is -2.88 as of Jun. 26, 2026. GuruFocus rates LTS:0QVP with a GF Score™ of 63/100 and a GF Value™ of €2.60 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 357 Restaurants companies, Elior Group ranks better than 60.78% 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 -2.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

LTS:0QVP' s Beneish M-Score Range Over the Past 10 Years
Min: -3.2   Med: -2.77   Max: -2.26
Current: -2.88

During the past 13 years, the highest Beneish M-Score of Elior Group was -2.26. The lowest was -3.20. And the median was -2.77.

Elior Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Elior Group'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.

Elior Group Beneish M-Score Chart

Elior Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.68 -2.98 -2.30 -3.08 -2.88

Elior Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 -3.08 0.00 -2.88 0.00

LTS:0QVP vs MCD, SBUX, CMG: Beneish M-Score Comparison

For the Restaurants subindustry, Elior Group'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.

Elior Group Beneish M-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Elior Group's Beneish M-Score distribution charts can be found below:

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


LTS:0QVP
63GF Score
Elior Group SA LTS:0QVP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elior Group 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 Elior Group 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 * 0.8705+0.528 * 1.023+0.404 * 1.0004+0.892 * 1.016+0.115 * 1.1058
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.069102-0.327 * 0.9787
=-2.88

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was €643 Mil.
Revenue was €6,150 Mil.
Gross Profit was €1,024 Mil.
Total Current Assets was €1,155 Mil.
Total Assets was €3,777 Mil.
Property, Plant and Equipment(Net PPE) was €466 Mil.
Depreciation, Depletion and Amortization(DDA) was €175 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €2,063 Mil.
Long-Term Debt & Capital Lease Obligation was €773 Mil.
Net Income was €88 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €349 Mil.
 Total Receivables was €727 Mil.
Revenue was €6,053 Mil.
Gross Profit was €1,031 Mil.
Total Current Assets was €1,183 Mil.
Total Assets was €3,789 Mil.
Property, Plant and Equipment(Net PPE) was €444 Mil.
Depreciation, Depletion and Amortization(DDA) was €192 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €1,891 Mil.
Long-Term Debt & Capital Lease Obligation was €1,016 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)
=(643 / 6150) / (727 / 6053)
=0.104553 / 0.120106
=0.8705

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)
=(1031 / 6053) / (1024 / 6150)
=0.170329 / 0.166504
=1.023

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 - (1155 + 466) / 3777) / (1 - (1183 + 444) / 3789)
=0.570823 / 0.570599
=1.0004

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
=6150 / 6053
=1.016

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))
=(192 / (192 + 444)) / (175 / (175 + 466))
=0.301887 / 0.273011
=1.1058

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 / 6150) / (0 / 6053)
=0 / 0
=1

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)
=((773 + 2063) / 3777) / ((1016 + 1891) / 3789)
=0.75086 / 0.767221
=0.9787

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
=(88 - 0 - 349) / 3777
=-0.069102

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.

Elior Group has a M-score of -2.88 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 -2.88 mean?
Elior Group (LTS:0QVP) has a Beneish M-Score of -2.88 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Elior Group and its competitors. According to the industry distribution chart, Elior Group ranks #140 out of 357 companies in the Restaurants industry, placing it in the top 39.2%.
Is Elior Group's Beneish M-Score too high?
Elior Group's current Beneish M-Score is -2.88. Based on the distribution chart, Elior Group ranks #140 out of 357 companies in the Restaurants industry, which is above the industry midpoint. Overall, Elior Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Elior Group's Beneish M-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Elior Group ranks #140 out of 357 companies for Beneish M-Score. This puts Elior Group in the upper 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 Restaurants company?
A good Beneish M-Score depends on the Restaurants 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 Elior Group and its competitors. Elior Group's current Beneish M-Score is -2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elior Group stock overvalued right now?
Based on GuruFocus' analysis, Elior Group (LTS:0QVP) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.60, compared to a current price of €1.97 — trading 24.1% below its estimated fair value. The current Beneish M-Score is -2.88. Elior Group's overall GF Score™ is 63/100 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 Elior Group (LTS:0QVP), the current Beneish M-Score is -2.88 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 Elior Group (LTS:0QVP) Overvalued in 2026?

Based on GuruFocus' analysis, Elior Group stock appears to be undervalued. The current stock price of €1.97 is trading 24.1% below its estimated GF Value™ of €2.60. GuruFocus considers Elior Group to be Modestly Undervalued.

Key valuation signals for LTS:0QVP:

  • Beneish M-Score: -2.88
  • GF Value™: €2.60 vs. price of €1.97 (24.1% below fair value)
  • GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the LTS:0QVP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Elior Group Business Description

Address 9-11 allee de l’Arche, Paris La Defense, FRA, 92032
Elior Group SA operates in the contracted food and support services industry. Its business is divided into Contract Catering and Services. It provides catering services to Business and Industry Market, Education Market, Healthcare and Welfare Industry Market. In Services, Company provide Cleaning and Energy Services to Business and Industries. Also include Solutions to aeronautics sector, HR & temporary staffing solutions, Urban area solutions. It has developed and promoted brands such as Elior, Elior services, Areas, Gemeaz, Serunion, etc. The firm mainly operates in France, Italy, the United States, Spain, and the United Kingdom, with maximum revenue from France.
63GF Score

Get the complete analysis for LTS:0QVP

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

€1.97
Price
€2.60
GF Value