Credito RealB de CV Sofom ER (MEX:CREAL) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


MEX:CREAL Credito Real SAB de CV Sofom ER MEX:CREAL
8 GF Score
Price MXN0.35
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What is Credito RealB de CV Sofom ER Beneish M-Score?

Credito RealB de CV Sofom ER MEX:CREAL 8 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates MEX:CREAL with a GF Score™ of 8/100.

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.

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

During the past 12 years, the highest Beneish M-Score of Credito RealB de CV Sofom ER was 0.00. The lowest was 0.00. And the median was 0.00.

MEX:CREAL
8GF Score
Credito Real SAB de CV Sofom ER MEX:CREAL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Credito RealB de CV Sofom ER 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 Credito RealB de CV Sofom ER 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 * 1.0058+0.892 * 0.9659+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.2341+4.679 * 0.007875-0.327 * 1.0036
=-2.51

* 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 (Sep21) TTM:Last Year (Sep20) TTM:
Total Receivables was MXN0 Mil.
Revenue was 1948.6 + 1601.474 + 1567.5 + 1532.451 = MXN6,650 Mil.
Gross Profit was 1948.6 + 1601.474 + 1567.5 + 1532.451 = MXN6,650 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN77,066 Mil.
Property, Plant and Equipment(Net PPE) was MXN3,019 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN0 Mil.
Selling, General, & Admin. Expense(SGA) was MXN4,146 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN54,842 Mil.
Net Income was 203.6 + 193.25 + 89.4 + 120.655 = MXN607 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = MXN0 Mil.
 Total Receivables was MXN0 Mil.
Revenue was 1667.3 + 1548.813 + 1698.2 + 1970.67 = MXN6,885 Mil.
Gross Profit was 1667.3 + 1548.813 + 1698.2 + 1970.67 = MXN6,885 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN73,946 Mil.
Property, Plant and Equipment(Net PPE) was MXN3,308 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN0 Mil.
Selling, General, & Admin. Expense(SGA) was MXN3,479 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN52,434 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 / 6650.025) / (0 / 6884.983)
=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)
=(6884.983 / 6884.983) / (6650.025 / 6650.025)
=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 + 3018.8) / 77065.6) / (1 - (0 + 3307.8) / 73946.3)
=0.960828 / 0.955268
=1.0058

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
=6650.025 / 6884.983
=0.9659

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 / (0 + 3307.8)) / (0 / (0 + 3018.8))
=0 / 0
=1

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)
=(4146.364 / 6650.025) / (3478.519 / 6884.983)
=0.623511 / 0.505233
=1.2341

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)
=((54841.7 + 0) / 77065.6) / ((52433.7 + 0) / 73946.3)
=0.711624 / 0.709078
=1.0036

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
=(606.905 - 0 - 0) / 77065.6
=0.007875

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.

Credito RealB de CV Sofom ER has a M-score of -2.51 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?
Credito RealB de CV Sofom ER (MEX:CREAL) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Credito RealB de CV Sofom ER and its competitors.
Is Credito RealB de CV Sofom ER's Beneish M-Score too high?
Credito RealB de CV Sofom ER's current Beneish M-Score is 0.00. Overall, Credito RealB de CV Sofom ER has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Credito RealB de CV Sofom ER's Beneish M-Score compare to V and MA?
Credito RealB de CV Sofom ER's Beneish M-Score of 0.00 can be compared against companies in the Credit Services 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 Credit Services company?
A good Beneish M-Score depends on the Credit Services 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 Credito RealB de CV Sofom ER and its competitors. Credito RealB de CV Sofom ER'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 Credito RealB de CV Sofom ER stock overvalued right now?
Credito RealB de CV Sofom ER (MEX:CREAL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Credito RealB de CV Sofom ER's overall GF Score™ is 8/100. 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 Credito RealB de CV Sofom ER (MEX:CREAL), the current Beneish M-Score is 0.00 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.

Credito RealB de CV Sofom ER Business Description

Address Avenida Insurgentes Sur No. 730, 20th Floor, Colonia Del Valle Norte, Del Benito Juarez, Mexico, MEX, MEX, 03103
Credito Real SAB de CV Sofom ER is a nonbanking financial institution in Mexico that focuses on consumer lending to low-income and middle-income customers. The company mainly makes payroll loans, durable goods loans, small business loans, group loans, and used-car loans.
8GF Score

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

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