MEGL (Magic Empire Global) Beneish M-Score: 0.00 (As of Jul. 14, 2026)

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MEGL Magic Empire Global Ltd MEGL
58 GF Score
Price $1.17
GF Value $1.77
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Magic Empire Global Beneish M-Score?

Magic Empire Global MEGL 58 Beneish M-Score is 0.00 as of Jul. 14, 2026. GuruFocus rates MEGL with a GF Score™ of 58/100 and a GF Value™ of $1.77 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 704 Capital Markets companies, Magic Empire Global ranks worse than 142045.31% 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 Magic Empire Global's Beneish M-Score or its related term are showing as below:

During the past 6 years, the highest Beneish M-Score of Magic Empire Global was 0.50. The lowest was -4.41. And the median was -1.86.

Magic Empire Global Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Magic Empire Global'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.

Magic Empire Global Beneish M-Score Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.50 -1.86 -4.41 0.00

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -1.86 0.00 -4.41 0.00 0.00

MEGL vs ITEX, WAI, NCPL: Beneish M-Score Comparison

For the Capital Markets subindustry, Magic Empire Global'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.

Magic Empire Global Beneish M-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magic Empire Global's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Magic Empire Global's Beneish M-Score falls into.


MEGL
58GF Score
Magic Empire Global Ltd MEGL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Magic Empire Global 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 Magic Empire Global 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 $0.06 Mil.
Revenue was $1.48 Mil.
Gross Profit was $-0.56 Mil.
Total Current Assets was $15.70 Mil.
Total Assets was $16.17 Mil.
Property, Plant and Equipment(Net PPE) was $0.47 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.24 Mil.
Selling, General, & Admin. Expense(SGA) was $0.75 Mil.
Total Current Liabilities was $0.40 Mil.
Long-Term Debt & Capital Lease Obligation was $0.19 Mil.
Net Income was $-1.07 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $-0.87 Mil.
 Total Receivables was $0.29 Mil.
Revenue was $1.65 Mil.
Gross Profit was $-0.43 Mil.
Total Current Assets was $16.81 Mil.
Total Assets was $17.51 Mil.
Property, Plant and Equipment(Net PPE) was $0.71 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.27 Mil.
Selling, General, & Admin. Expense(SGA) was $0.61 Mil.
Total Current Liabilities was $0.46 Mil.
Long-Term Debt & Capital Lease Obligation was $0.39 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)
=(0.059 / 1.482) / (0.289 / 1.645)
=0.039811 / 0.175684
=

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)
=(-0.432 / 1.645) / (-0.56 / 1.482)
=-0.262614 / -0.377868
=

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 - (15.702 + 0.471) / 16.173) / (1 - (16.806 + 0.708) / 17.514)
=0 / 0
=

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
=1.482 / 1.645
=

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))
=(0.27 / (0.27 + 0.708)) / (0.236 / (0.236 + 0.471))
=0.276074 / 0.333805
=

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)
=(0.749 / 1.482) / (0.613 / 1.645)
=0.505398 / 0.372644
=

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)
=((0.189 + 0.404) / 16.173) / ((0.394 + 0.456) / 17.514)
=0.036666 / 0.048533
=

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
=(-1.068 - 0 - -0.872) / 16.173
=-0.012119

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?
Magic Empire Global (MEGL) has a Beneish M-Score of 0.00 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Magic Empire Global and its competitors. According to the industry distribution chart, Magic Empire Global ranks #999999 out of 704 companies in the Capital Markets industry.
Is Magic Empire Global's Beneish M-Score too high?
Magic Empire Global's current Beneish M-Score is 0.00. Based on the distribution chart, Magic Empire Global ranks #999999 out of 704 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Magic Empire Global has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Magic Empire Global's Beneish M-Score compare to ITEX and WAI?
According to the Capital Markets industry distribution chart, Magic Empire Global ranks #999999 out of 704 companies for Beneish M-Score. This places Magic Empire Global 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 Capital Markets company?
A good Beneish M-Score depends on the Capital Markets 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 Magic Empire Global and its competitors. Magic Empire Global'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 Magic Empire Global stock overvalued right now?
Based on GuruFocus' analysis, Magic Empire Global (MEGL) is currently considered Possible Value Trap. The stock's GF Value™ is $1.77, compared to a current price of $1.17 — trading 33.9% below its estimated fair value. The current Beneish M-Score is 0.00. Magic Empire Global's overall GF Score™ is 58/100 with 1 warning sign 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 Magic Empire Global (MEGL), the current Beneish M-Score is 0.00 as of Jul. 14, 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 Magic Empire Global (MEGL) Overvalued in 2026?

Based on GuruFocus' analysis, Magic Empire Global stock appears to be undervalued. The current stock price of $1.17 is trading 33.9% below its estimated GF Value™ of $1.77. GuruFocus considers Magic Empire Global to be Possible Value Trap.

Key valuation signals for MEGL:

  • Beneish M-Score: 0.00
  • GF Value™: $1.77 vs. price of $1.17 (33.9% below fair value)
  • GF Score™: 58/100 with 1 warning sign

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

Magic Empire Global Business Description

Address 3rd Floor, 8 Wyndham Street, Central, Hong Kong, HKG
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services. The company's offerings mainly comprise of IPO sponsorship services, Financial advisory and independent financial advisory services, Compliance advisory services, Underwriting services, Corporate service.
58GF Score

Get the complete analysis for MEGL

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

$1.17
Price
$1.77
GF Value