Scout24 SE (MEX:G24N) Beneish M-Score: 0.00 (As of Jul. 12, 2026)


MEX:G24N Scout24 SE MEX:G24N
81 GF Score
Price MXN1,266.55
GF Value MXN2,016.78
! 1 Warning Sign
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What is Scout24 SE Beneish M-Score?

Scout24 SE MEX:G24N 81 Beneish M-Score is 0.00 as of Jul. 12, 2026. GuruFocus rates MEX:G24N with a GF Score™ of 81/100 and a GF Value™ of MXN2,016.78. The stock has 1 warning sign investors should review. Among 532 Interactive Media companies, Scout24 SE ranks worse than 187969.74% 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 Scout24 SE's Beneish M-Score or its related term are showing as below:

During the past 12 years, the highest Beneish M-Score of Scout24 SE was 1.06. The lowest was -6.61. And the median was -1.93.

Scout24 SE Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Scout24 SE'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.

Scout24 SE Beneish M-Score Chart

Scout24 SE 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 -2.98 -1.61 -1.32 -2.16 -1.27

Scout24 SE Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 -1.61 -1.95 0.00 -1.27 0.00

MEX:G24N vs GOOGL, META, SPOT: Beneish M-Score Comparison

For the Internet Content & Information subindustry, Scout24 SE'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.

Scout24 SE Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Scout24 SE's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Scout24 SE's Beneish M-Score falls into.


MEX:G24N
81GF Score
Scout24 SE MEX:G24N
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scout24 SE 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 Scout24 SE 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was MXN0 Mil.
Revenue was 3744.131 + 4848.488 + 3565.492 + 3487.746 = MXN15,646 Mil.
Gross Profit was 3441.848 + 5310.016 + 3296.358 + 3468.395 = MXN15,517 Mil.
Total Current Assets was MXN2,283 Mil.
Total Assets was MXN46,299 Mil.
Property, Plant and Equipment(Net PPE) was MXN0 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,116 Mil.
Selling, General, & Admin. Expense(SGA) was MXN1,314 Mil.
Total Current Liabilities was MXN10,334 Mil.
Long-Term Debt & Capital Lease Obligation was MXN659 Mil.
Net Income was 1428.023 + 2448.754 + 2185.371 + 847.509 = MXN6,910 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 3485.635 + 1802.544 + 3146.951 + 2751.348 = MXN11,186 Mil.
Gross Profit was 3211.384 + 2639.152 + 2956.823 + 2762.017 = MXN11,569 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN0 Mil.
Property, Plant and Equipment(Net PPE) was MXN0 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN1,026 Mil.
Selling, General, & Admin. Expense(SGA) was MXN1,088 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN0 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 / 15645.857) / (0 / 11186.478)
=0 / 0
=

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)
=(11569.376 / 11186.478) / (15516.617 / 15645.857)
=1.034229 / 0.99174
=

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 - (2282.752 + 0) / 46299.218) / (1 - (0 + 0) / 0)
=0.950696 /
=

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
=15645.857 / 11186.478
=

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))
=(1026.158 / (1026.158 + 0)) / (1115.507 / (1115.507 + 0))
=1 / 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)
=(1313.651 / 15645.857) / (1088.12 / 11186.478)
=0.083962 / 0.097271
=

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)
=((658.767 + 10333.884) / 46299.218) / ((0 + 0) / 0)
=0.237426 /
=

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
=(6909.657 - 0 - 0) / 46299.218
=0.149239

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?
Scout24 SE (MEX:G24N) has a Beneish M-Score of 0.00 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Scout24 SE and its competitors. According to the industry distribution chart, Scout24 SE ranks #999999 out of 532 companies in the Interactive Media industry.
Is Scout24 SE's Beneish M-Score too high?
Scout24 SE's current Beneish M-Score is 0.00. Based on the distribution chart, Scout24 SE ranks #999999 out of 532 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Scout24 SE has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Scout24 SE's Beneish M-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Scout24 SE ranks #999999 out of 532 companies for Beneish M-Score. This places Scout24 SE 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Scout24 SE and its competitors. Scout24 SE'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 Scout24 SE stock overvalued right now?
Scout24 SE (MEX:G24N) has a current Beneish M-Score of 0.00. The stock's GF Value™ is MXN2,016.78, compared to a current price of MXN1,266.55 — trading 37.2% below its estimated fair value. The current Beneish M-Score is 0.00. Scout24 SE's overall GF Score™ is 81/100 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 Scout24 SE (MEX:G24N), the current Beneish M-Score is 0.00 as of Jul. 12, 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 Scout24 SE (MEX:G24N) Overvalued in 2026?

Based on GuruFocus' analysis, Scout24 SE stock appears to be undervalued. The current stock price of MXN1,266.55 is trading 37.2% below its estimated GF Value™ of MXN2,016.78.

Key valuation signals for MEX:G24N:

  • Beneish M-Score: 0.00
  • GF Value™: MXN2,016.78 vs. price of MXN1,266.55 (37.2% below fair value)
  • GF Score™: 81/100 with 1 warning sign

No single metric tells the full story. See the MEX:G24N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Scout24 SE Business Description

Address Invalidenstrasse 65, Berlin, BY, DEU, 10557
Scout24 SE is a German digital company that operates a digital marketplace, ImmoScout24, for residential and business real estate. In addition, it offers software solutions for real estate valuations to banks and the real estate sector. Through ImmoScout24, the company is engaged in developing new products and building a digital ecosystem for rentals, purchases, and commercial real estate in Germany and Austria. It has different brands offering digital services in the real estate industry, such as FlowFact, Vermietet.de, Immoverkauf24, Propstack, BauFi, and others. Its operating segments are Professional, which generates maximum revenue by offering digital real estate products to its professional clients, and Private. Geographically, the group derives its key revenue from Germany.
81GF Score

Get the complete analysis for MEX:G24N

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

MXN1,266.55
Price
MXN2,016.78
GF Value