GrupeB de CV (MEX:CIDMEGA) Beneish M-Score: -2.83 (As of Jun. 26, 2026)


MEX:CIDMEGA Grupe SAB de CV MEX:CIDMEGA
63 GF Score
Price MXN19.49
GF Value MXN32.76
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is GrupeB de CV Beneish M-Score?

GrupeB de CV MEX:CIDMEGA 63 Beneish M-Score is -2.83 as of Jun. 26, 2026. GuruFocus rates MEX:CIDMEGA with a GF Score™ of 63/100 and a GF Value™ of MXN32.76 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 824 Travel & Leisure companies, GrupeB de CV ranks better than 68.81% 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 -2.83 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:CIDMEGA' s Beneish M-Score Range Over the Past 10 Years
Min: -2.93   Med: -2.48   Max: -1.07
Current: -2.83

During the past 13 years, the highest Beneish M-Score of GrupeB de CV was -1.07. The lowest was -2.93. And the median was -2.48.


GrupeB de CV Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GrupeB de CV'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.

GrupeB de CV Beneish M-Score Chart

GrupeB de CV 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 -2.27 -2.48 -2.63 -2.63 -2.83

GrupeB de CV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 0.00 0.00 -2.83 0.00

MEX:CIDMEGA vs LVS, MGM, WYNN: Beneish M-Score Comparison

For the Resorts & Casinos subindustry, GrupeB de CV'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.


GrupeB de CV Beneish M-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, GrupeB de CV's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where GrupeB de CV's Beneish M-Score falls into.


MEX:CIDMEGA
63GF Score
Grupe SAB de CV MEX:CIDMEGA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GrupeB 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 GrupeB 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 * 0.9831+0.528 * 0.9908+0.404 * 0.9996+0.892 * 0.9956+0.115 * 0.9288
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1257+4.679 * -0.065279-0.327 * 0.9595
=-2.83

* 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 MXN859 Mil.
Revenue was MXN3,200 Mil.
Gross Profit was MXN1,226 Mil.
Total Current Assets was MXN1,372 Mil.
Total Assets was MXN10,488 Mil.
Property, Plant and Equipment(Net PPE) was MXN6,458 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN247 Mil.
Selling, General, & Admin. Expense(SGA) was MXN271 Mil.
Total Current Liabilities was MXN941 Mil.
Long-Term Debt & Capital Lease Obligation was MXN1,976 Mil.
Net Income was MXN32 Mil.
Gross Profit was MXN0 Mil.
Cash Flow from Operations was MXN717 Mil.
Total Receivables was MXN878 Mil.
Revenue was MXN3,214 Mil.
Gross Profit was MXN1,220 Mil.
Total Current Assets was MXN1,698 Mil.
Total Assets was MXN10,652 Mil.
Property, Plant and Equipment(Net PPE) was MXN6,253 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN222 Mil.
Selling, General, & Admin. Expense(SGA) was MXN242 Mil.
Total Current Liabilities was MXN816 Mil.
Long-Term Debt & Capital Lease Obligation was MXN2,271 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)
=(858.98 / 3199.915) / (877.541 / 3213.976)
=0.268438 / 0.273039
=0.9831

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)
=(1219.748 / 3213.976) / (1225.731 / 3199.915)
=0.379514 / 0.383051
=0.9908

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 - (1371.731 + 6458.362) / 10488.015) / (1 - (1698.261 + 6253.087) / 10651.966)
=0.253425 / 0.253532
=0.9996

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
=3199.915 / 3213.976
=0.9956

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))
=(221.848 / (221.848 + 6253.087)) / (247.373 / (247.373 + 6458.362))
=0.034263 / 0.03689
=0.9288

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)
=(271.128 / 3199.915) / (241.922 / 3213.976)
=0.08473 / 0.075272
=1.1257

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)
=((1976.32 + 940.809) / 10488.015) / ((2271.389 + 816.264) / 10651.966)
=0.278139 / 0.289867
=0.9595

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
=(32.398 - 0 - 717.045) / 10488.015
=-0.065279

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.

GrupeB de CV has a M-score of -2.83 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 -2.83 mean?
GrupeB de CV (MEX:CIDMEGA) has a Beneish M-Score of -2.83 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GrupeB de CV and its competitors. According to the industry distribution chart, GrupeB de CV ranks #257 out of 824 companies in the Travel & Leisure industry, placing it in the top 31.2%.
Is GrupeB de CV's Beneish M-Score too high?
GrupeB de CV's current Beneish M-Score is -2.83. Based on the distribution chart, GrupeB de CV ranks #257 out of 824 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, GrupeB de CV has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GrupeB de CV's Beneish M-Score compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, GrupeB de CV ranks #257 out of 824 companies for Beneish M-Score. This puts GrupeB 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 Travel & Leisure company?
A good Beneish M-Score depends on the Travel & Leisure 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 GrupeB de CV and its competitors. GrupeB de CV's current Beneish M-Score is -2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GrupeB de CV stock overvalued right now?
Based on GuruFocus' analysis, GrupeB de CV (MEX:CIDMEGA) is currently considered Possible Value Trap. The stock's GF Value™ is MXN32.76, compared to a current price of MXN19.49 — trading 40.5% below its estimated fair value. The current Beneish M-Score is -2.83. GrupeB de CV's overall GF Score™ is 63/100 with 4 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 GrupeB de CV (MEX:CIDMEGA), the current Beneish M-Score is -2.83 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 GrupeB de CV (MEX:CIDMEGA) Overvalued in 2026?

Based on GuruFocus' analysis, GrupeB de CV stock appears to be undervalued. The current stock price of MXN19.49 is trading 40.5% below its estimated GF Value™ of MXN32.76. GuruFocus considers GrupeB de CV to be Possible Value Trap.

Key valuation signals for MEX:CIDMEGA:

  • Beneish M-Score: -2.83
  • GF Value™: MXN32.76 vs. price of MXN19.49 (40.5% below fair value)
  • GF Score™: 63/100 with 4 warning signs

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


GrupeB de CV Business Description

Address Avenida Camaron Sabalo S/N, Fraccionamiento El Cid, Sinaloa, Mazatlan, MEX, 82110
Grupe SAB de CV is a Mexico based company that operates various hotels and tourist groups under its holdings. The company owns and manages El Cid Resorts which operate five hotels in Mazatlan, Cancun and Cozumel.
63GF Score

Get the complete analysis for MEX:CIDMEGA

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

MXN19.49
Price
MXN32.76
GF Value