Corporacion ActinverB de CV (MEX:ACTINVRB) Beneish M-Score: -2.55 (As of Jun. 27, 2026)


MEX:ACTINVRB Corporacion Actinver SAB de CV MEX:ACTINVRB
66 GF Score
Price MXN21.50
GF Value MXN23.05
Valuation Fairly Valued
! 5 Warning Signs
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What is Corporacion ActinverB de CV Beneish M-Score?

Corporacion ActinverB de CV MEX:ACTINVRB 66 Beneish M-Score is -2.55 as of Jun. 27, 2026. GuruFocus rates MEX:ACTINVRB with a GF Score™ of 66/100 and a GF Value™ of MXN23.05 (Fairly Valued). The stock has 5 warning signs investors should review. Among 702 Capital Markets companies, Corporacion ActinverB de CV ranks better than 67.38% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Corporacion ActinverB de CV's Beneish M-Score or its related term are showing as below:

MEX:ACTINVRB' s Beneish M-Score Range Over the Past 10 Years
Min: -13.39   Med: -2.41   Max: -1.84
Current: -2.55

During the past 13 years, the highest Beneish M-Score of Corporacion ActinverB de CV was -1.84. The lowest was -13.39. And the median was -2.41.

MEX:ACTINVRB
66GF Score
Corporacion Actinver SAB de CV MEX:ACTINVRB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Corporacion ActinverB de CV 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 Corporacion ActinverB de CV 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 * 1+0.528 * 1+0.404 * 0.9997+0.892 * 1.0834+0.115 * 0.6862
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0575+4.679 * 0.034283-0.327 * 1.7918
=-2.55

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was MXN0 Mil.
Revenue was 2310.025 + 2952.803 + 2520.318 + 2350.008 = MXN10,133 Mil.
Gross Profit was 2310.025 + 2952.803 + 2520.318 + 2350.008 = MXN10,133 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN162,220 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,285 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN201 Mil.
Selling, General, & Admin. Expense(SGA) was MXN7,475 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,356 Mil.
Net Income was 289.425 + 428.714 + 502.159 + 416.864 = MXN1,637 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Cash Flow from Operations was -17605.631 + 7645.787 + 347.328 + 5688.352 = MXN-3,924 Mil.
 Total Receivables was MXN0 Mil.
Revenue was 2565.87 + 2827.318 + 2109.787 + 1849.907 = MXN9,353 Mil.
Gross Profit was 2565.87 + 2827.318 + 2109.787 + 1849.907 = MXN9,353 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN151,065 Mil.
Property, Plant and Equipment(Net PPE) was MXN1,149 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN118 Mil.
Selling, General, & Admin. Expense(SGA) was MXN6,524 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN705 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 / 10133.154) / (0 / 9352.882)
=0 / 0
=1

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)
=(9352.882 / 9352.882) / (10133.154 / 10133.154)
=1 / 1
=1

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 - (0 + 1284.984) / 162219.984) / (1 - (0 + 1149.067) / 151065.113)
=0.992079 / 0.992394
=0.9997

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
=10133.154 / 9352.882
=1.0834

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))
=(117.607 / (117.607 + 1149.067)) / (201.076 / (201.076 + 1284.984))
=0.092847 / 0.135308
=0.6862

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)
=(7474.706 / 10133.154) / (6524.183 / 9352.882)
=0.737649 / 0.697559
=1.0575

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)
=((1355.604 + 0) / 162219.984) / ((704.545 + 0) / 151065.113)
=0.008357 / 0.004664
=1.7918

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
=(1637.162 - 0 - -3924.164) / 162219.984
=0.034283

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.

Corporacion ActinverB de CV has a M-score of -2.55 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 -2.55 mean?
Corporacion ActinverB de CV (MEX:ACTINVRB) has a Beneish M-Score of -2.55 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Corporacion ActinverB de CV and its competitors. According to the industry distribution chart, Corporacion ActinverB de CV ranks #229 out of 702 companies in the Capital Markets industry, placing it in the top 32.6%.
Is Corporacion ActinverB de CV's Beneish M-Score too high?
Corporacion ActinverB de CV's current Beneish M-Score is -2.55. Based on the distribution chart, Corporacion ActinverB de CV ranks #229 out of 702 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Corporacion ActinverB de CV has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Corporacion ActinverB de CV's Beneish M-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Corporacion ActinverB de CV ranks #229 out of 702 companies for Beneish M-Score. This puts Corporacion ActinverB de CV 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 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 Corporacion ActinverB de CV and its competitors. Corporacion ActinverB de CV's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corporacion ActinverB de CV stock overvalued right now?
Based on GuruFocus' analysis, Corporacion ActinverB de CV (MEX:ACTINVRB) is currently considered Fairly Valued. The stock's GF Value™ is MXN23.05, compared to a current price of MXN21.50 — trading 6.7% below its estimated fair value. The current Beneish M-Score is -2.55. Corporacion ActinverB de CV's overall GF Score™ is 66/100 with 5 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 Corporacion ActinverB de CV (MEX:ACTINVRB), the current Beneish M-Score is -2.55 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.

Is Corporacion ActinverB de CV (MEX:ACTINVRB) Overvalued in 2026?

Based on GuruFocus' analysis, Corporacion ActinverB de CV stock appears to be undervalued. The current stock price of MXN21.50 is trading 6.7% below its estimated GF Value™ of MXN23.05. GuruFocus considers Corporacion ActinverB de CV to be Fairly Valued.

Key valuation signals for MEX:ACTINVRB:

  • Beneish M-Score: -2.55
  • GF Value™: MXN23.05 vs. price of MXN21.50 (6.7% below fair value)
  • GF Score™: 66/100 with 5 warning signs

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

Corporacion ActinverB de CV Business Description

Address Colonia Lomas de Chapultepec, Montes Urales 620, Alcaldia Miguel Hidalgo, Mexico, DF, MEX, 11000
Corporacion Actinver SAB de CV provides investment management advisory services. It offers financial services to individuals and businesses through its various subsidiaries, maintaining a presence in each of its main business segments: Private Banking and Wealth Management, Global Markets, Asset Management, Corporate and Investment Banking, as well as Actinver Wealth Management and Digital Channels.
66GF Score

Get the complete analysis for MEX:ACTINVRB

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

MXN21.50
Price
MXN23.05
GF Value