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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 -2.47 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Euronet Worldwide's Beneish M-Score or its related term are showing as below:
MEX:EEFT'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.75 Med: -2.55 Max: -1.89
Current: -2.47
During the past 13 years, the highest Beneish M-Score of Euronet Worldwide was -1.89. The lowest was -3.75. And the median was -2.55.
The historical data trend for Euronet Worldwide'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.
MEX:EEFT vs NTCT, TDC, STNE: Beneish M-Score Comparison
For the Software - Infrastructure subindustry, Euronet Worldwide'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.
Euronet Worldwide Beneish M-Score vs Software Industry
For the Software industry and Technology sector, Euronet Worldwide's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Euronet Worldwide's Beneish M-Score falls into.
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 Euronet Worldwide 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 * 1.0776
+
0.528 * 0.9808
+
0.404 * 1.1028
+
0.892 * 0.9529
+
0.115 * 0.9175
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0763
+
4.679 * -0.018981
-
0.327 * 1.0187
=
-2.54
* 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.
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.
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))
=
(2620.802 / (2620.802 + 9744.111))
/
(2734.658 / (2734.658 + 9103.143))
=
0.211955
/
0.231011
=
0.9175
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
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
=
(5192.065 - 137.598
-
7204.988)
/
113298.102
=
-0.018981
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.
Euronet Worldwide has a M-score of -2.54 suggests that the company is unlikely to be a manipulator.
Euronet Worldwide (MEX:EEFT) has a Beneish M-Score of -2.47 as of Aug. 09, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Euronet Worldwide and its competitors. According to the industry distribution chart, Euronet Worldwide ranks #1437 out of 2627 companies in the Software industry, placing it in the top 54.7%.
Is Euronet Worldwide's Beneish M-Score too high?
Euronet Worldwide's current Beneish M-Score is -2.47. Based on the distribution chart, Euronet Worldwide ranks #1437 out of 2627 companies in the Software industry, which is below the industry midpoint. Overall, Euronet Worldwide has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Euronet Worldwide's Beneish M-Score compare to NTCT and TDC?
According to the Software industry distribution chart, Euronet Worldwide ranks #1437 out of 2627 companies for Beneish M-Score. This places Euronet Worldwide 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 Software company?
A good Beneish M-Score depends on the Software 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 Euronet Worldwide and its competitors. Euronet Worldwide's current Beneish M-Score is -2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Euronet Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Euronet Worldwide (MEX:EEFT) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN2,019.18, compared to a current price of MXN1,444.20 — trading 28.5% below its estimated fair value. The current Beneish M-Score is -2.47. Euronet Worldwide's overall GF Score™ is 79/100 with 3 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 Euronet Worldwide (MEX:EEFT), the current Beneish M-Score is -2.47 as of Aug. 09, 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 Euronet Worldwide (MEX:EEFT) Overvalued in 2026?
Based on GuruFocus' analysis, Euronet Worldwide stock appears to be undervalued.
The current stock price of MXN1,444.20 is trading 28.5% below its estimated GF Value™ of MXN2,019.18.
GuruFocus considers Euronet Worldwide to be Modestly Undervalued.
Key valuation signals for MEX:EEFT:
Beneish M-Score: -2.47
GF Value™: MXN2,019.18 vs. price of MXN1,444.20 (28.5% below fair value)
No single metric tells the full story. See the MEX:EEFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Euronet Worldwide Inc is a provider of electronic financial transaction solutions. It offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers. The company's product offerings include comprehensive ATM, POS, card outsourcing, card issuing, and merchant acquiring services, software solutions, money transfer services, etc. Its reportable operating segments are EFT Processing, epay, and Money Transfer. Maximum revenue is derived from its Money Transfer segment, which provides money transfer services across the world under the brand names Ria, AFEX, IME, and xe. Geographically, the company generates maximum revenue from the United States, followed by Germany, India, France, Greece, and other regions.
79GF Score
Get the complete analysis for MEX:EEFT
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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