Fiducial Office Solutions (LUX:SACIL) Beneish M-Score: 0.00 (As of Jun. 27, 2026)

What is Fiducial Office Solutions Beneish M-Score?

Fiducial Office Solutions LUX:SACIL 4 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates LUX:SACIL with a GF Score™ of 4/100.

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 Fiducial Office Solutions's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Fiducial Office Solutions was 0.00. The lowest was 0.00. And the median was 0.00.

Fiducial Office Solutions Beneish M-Score Related Terms

Fiducial Office Solutions Beneish M-Score Historical Data

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The historical data trend for Fiducial Office Solutions'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.

Fiducial Office Solutions Beneish M-Score Chart

Fiducial Office Solutions Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Beneish M-Score

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-2.47

-2.93

-2.47

-2.60

-1.98

Fiducial Office Solutions Semi-Annual Data
	Sep12	Mar13	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
Beneish M-Score	Get a 7-Day Free Trial															-2.47	0.00	-2.60	0.00	-1.98

LUX:SACIL vs HNI, SCS: Beneish M-Score Comparison

For the Business Equipment & Supplies subindustry, Fiducial Office Solutions'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.

Fiducial Office Solutions Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Fiducial Office Solutions's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Fiducial Office Solutions's Beneish M-Score falls into.

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Fiducial Office Solutions 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 Fiducial Office Solutions 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 * 0.8718

0.528 * 1.0682

0.404 * 1.0035

0.892 * 1.1221

0.115 * 1.2574

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0491

4.679 * 0.093084

0.327 * 0.9592

-1.98

This Year (Sep22) TTM:

Last Year (Sep21) TTM:

Total Receivables was €55.6 Mil.
Revenue was €215.0 Mil.
Gross Profit was €75.3 Mil.
Total Current Assets was €79.1 Mil.
Total Assets was €147.1 Mil.
Property, Plant and Equipment(Net PPE) was €8.4 Mil.
Depreciation, Depletion and Amortization(DDA) was €3.9 Mil.
Selling, General, & Admin. Expense(SGA) was €35.2 Mil.
Total Current Liabilities was €61.2 Mil.
Long-Term Debt & Capital Lease Obligation was €3.6 Mil.
Net Income was €1.9 Mil.
Gross Profit was €0.0 Mil.
Cash Flow from Operations was €-11.8 Mil.

Total Receivables was €56.8 Mil.
Revenue was €191.6 Mil.
Gross Profit was €71.7 Mil.
Total Current Assets was €78.9 Mil.
Total Assets was €147.9 Mil.
Property, Plant and Equipment(Net PPE) was €9.2 Mil.
Depreciation, Depletion and Amortization(DDA) was €6.1 Mil.
Selling, General, & Admin. Expense(SGA) was €29.9 Mil.
Total Current Liabilities was €63.6 Mil.
Long-Term Debt & Capital Lease Obligation was €4.3 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)
	=	(55.569 / 215.039)	/	(56.803 / 191.641)
	=	0.258414	/	0.296403
	=	0.8718

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)
	=	(71.681 / 191.641)	/	(75.298 / 215.039)
	=	0.374038	/	0.35016
	=	1.0682

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 - (79.062 + 8.404) / 147.082)	/	(1 - (78.916 + 9.218) / 147.856)
	=	0.405325	/	0.40392
	=	1.0035

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
	=	215.039	/	191.641
	=	1.1221

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))
	=	(6.057 / (6.057 + 9.218))	/	(3.871 / (3.871 + 8.404))
	=	0.39653	/	0.315356
	=	1.2574

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)
	=	(35.184 / 215.039)	/	(29.887 / 191.641)
	=	0.163617	/	0.155953
	=	1.0491

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)
	=	((3.619 + 61.247) / 147.082)	/	((4.343 + 63.641) / 147.856)
	=	0.441019	/	0.459799
	=	0.9592

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
	=	(1.888 - 0	-	-11.803)	/	147.082
	=	0.093084

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.

Fiducial Office Solutions has a M-score of -1.98 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 0.00 mean?

Fiducial Office Solutions (LUX:SACIL) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Fiducial Office Solutions and its competitors.

Is Fiducial Office Solutions' Beneish M-Score too high?

Fiducial Office Solutions' current Beneish M-Score is 0.00. Overall, Fiducial Office Solutions has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Fiducial Office Solutions' Beneish M-Score compare to HNI and SCS?

Fiducial Office Solutions' Beneish M-Score of 0.00 can be compared against companies in the Industrial Products 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 Industrial Products company?

A good Beneish M-Score depends on the Industrial Products 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 Fiducial Office Solutions and its competitors. Fiducial Office Solutions'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 Fiducial Office Solutions stock overvalued right now?

Fiducial Office Solutions (LUX:SACIL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Fiducial Office Solutions' overall GF Score™ is 4/100. 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 Fiducial Office Solutions (LUX:SACIL), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

Fiducial Office Solutions Business Description

Industry Industrials Industrial Products

Comparable Companies XPAR:ALTRI XPAR:EDI XPAR:GEA XPAR:ALAUR TSE:7752 SHSE:603899 TSE:6448 SZSE:002152 TSE:8060 TSE:7984 SZSE:300130 TSE:4902 HNI TSE:7994 TSE:7846 SCS SZSE:300551 XTER:TTK SHSE:603187 SZSE:002197

Address 41 rue du Capitaine Guynemer, Courbevoie, FRA, 92400

Website http://www.fiducial-office-solutions.fr

Fiducial Office Solutions is engaged in the distribution of office supplies and furniture for businesses. The company also designs and prints personalized documents.

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€26.80

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