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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 -3.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Invesco's Beneish M-Score or its related term are showing as below:
MEX:IVZN'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.03 Med: -2.46 Max: 3.37
Current: -3.59
During the past 13 years, the highest Beneish M-Score of Invesco was 3.37. The lowest was -4.03. And the median was -2.46.
The historical data trend for Invesco'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:IVZN vs EQH, ARCC, PS: Beneish M-Score Comparison
For the Asset Management subindustry, Invesco'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.
Invesco Beneish M-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Invesco's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Invesco'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 Invesco 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 * 1.0763
+
0.528 * 0.9355
+
0.404 * 0.9009
+
0.892 * 1.008
+
0.115 * 1.015
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9826
+
4.679 * -0.088559
-
0.327 * 3.4049
=
-3.67
* 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))
=
(3390.175 / (3390.175 + 8540.925))
/
(2511.332 / (2511.332 + 6459.62))
=
0.284146
/
0.27994
=
1.015
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
=
(-1249.922 - 5231.387
-
35972.06)
/
479378.122
=
-0.088559
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.
Invesco has a M-score of -3.67 suggests that the company is unlikely to be a manipulator.
Invesco (MEX:IVZN) has a Beneish M-Score of -3.59 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Invesco and its competitors. According to the industry distribution chart, Invesco ranks #92 out of 951 companies in the Asset Management industry, placing it in the top 9.7%.
Is Invesco's Beneish M-Score too high?
Invesco's current Beneish M-Score is -3.59. Based on the distribution chart, Invesco ranks #92 out of 951 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Invesco has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does Invesco's Beneish M-Score compare to EQH and ARCC?
According to the Asset Management industry distribution chart, Invesco ranks #92 out of 951 companies for Beneish M-Score. This places Invesco in the top 10% of its industry — outperforming the majority of peers. 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Invesco and its competitors. Invesco's current Beneish M-Score is -3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Invesco stock overvalued right now?
Invesco (MEX:IVZN) has a current Beneish M-Score of -3.59. The stock's GF Value™ is MXN287.44, compared to a current price of MXN425.00 — trading 47.9% above its estimated fair value. The current Beneish M-Score is -3.59. Invesco's overall GF Score™ is 60/100 with 9 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 Invesco (MEX:IVZN), the current Beneish M-Score is -3.59 as of Aug. 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 Invesco (MEX:IVZN) Overvalued in 2026?
Based on GuruFocus' analysis, Invesco stock appears to be overvalued.
The current stock price of MXN425.00 is trading 47.9% above its estimated GF Value™ of MXN287.44.
Key valuation signals for MEX:IVZN:
Beneish M-Score: -3.59
GF Value™: MXN287.44 vs. price of MXN425.00 (47.9% above fair value)
No single metric tells the full story. See the MEX:IVZN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Invesco provides investment management services to retail (69% of managed assets) and institutional (31%) clients. At the end of May 2026, the firm had $2.454 trillion in assets under management spread among its equity (61% of AUM), balanced (3%), fixed-income (21%), alternative investment (6%), and money market (9%) operations. Passive products account for close to half of Invesco's total AUM. Invesco's US retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of North America, with 32% of its AUM sourced from Europe, Africa, and the Middle East (17%) and Asia (15%).
60GF Score
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