Creative Eye (NSE:CREATIVEYE) Beneish M-Score: -3.24 (As of Jul. 01, 2026)


NSE:CREATIVEYE Creative Eye Ltd NSE:CREATIVEYE
30 GF Score
Price ₹6.19
GF Value ₹1.86
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Creative Eye Beneish M-Score?

Creative Eye NSE:CREATIVEYE -2.06% 30 Beneish M-Score is -3.24 as of Jul. 01, 2026. GuruFocus rates NSE:CREATIVEYE with a GF Score™ of 30/100 and a GF Value™ of ₹1.86 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 983 Media - Diversified companies, Creative Eye ranks better than 82.6% 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 -3.24 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NSE:CREATIVEYE' s Beneish M-Score Range Over the Past 10 Years
Min: -4.79   Med: -2.02   Max: 1.38
Current: -3.24

During the past 13 years, the highest Beneish M-Score of Creative Eye was 1.38. The lowest was -4.79. And the median was -2.02.


Creative Eye Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Creative Eye'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.

Creative Eye Beneish M-Score Chart

Creative Eye Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.76 -2.90 -0.75 0.94 -3.24

Creative Eye 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 0.94 0.00 0.00 0.00 -3.24

NSE:CREATIVEYE vs NFLX, DIS, WBD: Beneish M-Score Comparison

For the Entertainment subindustry, Creative Eye'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.


Creative Eye Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Creative Eye's Beneish M-Score distribution charts can be found below:

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


NSE:CREATIVEYE
30GF Score
Creative Eye Ltd NSE:CREATIVEYE
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Creative Eye 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 Creative Eye 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 * 2.0181+0.528 * 1+0.404 * 0.1835+0.892 * 0.1617+0.115 * 1.0381
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.145637-0.327 * 1.3353
=-3.24

* 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 ₹0.86 Mil.
Revenue was ₹4.22 Mil.
Gross Profit was ₹4.22 Mil.
Total Current Assets was ₹211.52 Mil.
Total Assets was ₹226.63 Mil.
Property, Plant and Equipment(Net PPE) was ₹8.75 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.58 Mil.
Selling, General, & Admin. Expense(SGA) was ₹0.00 Mil.
Total Current Liabilities was ₹77.93 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 Mil.
Net Income was ₹-51.77 Mil.
Gross Profit was ₹0.00 Mil.
Cash Flow from Operations was ₹-18.76 Mil.
Total Receivables was ₹2.63 Mil.
Revenue was ₹26.08 Mil.
Gross Profit was ₹26.08 Mil.
Total Current Assets was ₹223.49 Mil.
Total Assets was ₹275.11 Mil.
Property, Plant and Equipment(Net PPE) was ₹9.49 Mil.
Depreciation, Depletion and Amortization(DDA) was ₹0.65 Mil.
Selling, General, & Admin. Expense(SGA) was ₹6.52 Mil.
Total Current Liabilities was ₹70.85 Mil.
Long-Term Debt & Capital Lease Obligation was ₹0.00 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)
=(0.858 / 4.216) / (2.63 / 26.081)
=0.20351 / 0.10084
=2.0181

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)
=(26.081 / 26.081) / (4.216 / 4.216)
=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 - (211.518 + 8.747) / 226.632) / (1 - (223.494 + 9.485) / 275.11)
=0.028094 / 0.153142
=0.1835

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
=4.216 / 26.081
=0.1617

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))
=(0.65 / (0.65 + 9.485)) / (0.576 / (0.576 + 8.747))
=0.064134 / 0.061783
=1.0381

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)
=(0 / 4.216) / (6.524 / 26.081)
=0 / 0.250144
=0

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)
=((0 + 77.933) / 226.632) / ((0 + 70.848) / 275.11)
=0.343875 / 0.257526
=1.3353

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
=(-51.769 - 0 - -18.763) / 226.632
=-0.145637

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.

Creative Eye has a M-score of -3.24 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 -3.24 mean?
Creative Eye (NSE:CREATIVEYE) has a Beneish M-Score of -3.24 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Creative Eye and its competitors. According to the industry distribution chart, Creative Eye ranks #171 out of 983 companies in the Media - Diversified industry, placing it in the top 17.4%.
Is Creative Eye's Beneish M-Score too high?
Creative Eye's current Beneish M-Score is -3.24. Based on the distribution chart, Creative Eye ranks #171 out of 983 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Creative Eye has a GF Score™ of 30/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Creative Eye's Beneish M-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Creative Eye ranks #171 out of 983 companies for Beneish M-Score. This places Creative Eye in the top 17% 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 a Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Creative Eye and its competitors. Creative Eye's current Beneish M-Score is -3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Creative Eye stock overvalued right now?
Based on GuruFocus' analysis, Creative Eye (NSE:CREATIVEYE) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹1.86, compared to a current price of ₹6.19 — trading 232.8% above its estimated fair value. The current Beneish M-Score is -3.24. Creative Eye's overall GF Score™ is 30/100 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 Creative Eye (NSE:CREATIVEYE), the current Beneish M-Score is -3.24 as of Jul. 01, 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 Creative Eye (NSE:CREATIVEYE) Overvalued in 2026?

Based on GuruFocus' analysis, Creative Eye stock appears to be overvalued. The current stock price of ₹6.19 is trading 232.8% above its estimated GF Value™ of ₹1.86. GuruFocus considers Creative Eye to be Significantly Overvalued.

Key valuation signals for NSE:CREATIVEYE:

  • Beneish M-Score: -3.24
  • GF Value™: ₹1.86 vs. price of ₹6.19 (232.8% above fair value)
  • GF Score™: 30/100 with 4 warning signs

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


Creative Eye Business Description

Other Exchanges 532392:India
Address New Link Road, Kailash Plaza, Plot No.12-A, Opposite Laxmi Industrial Estate, Andheri West, Mumbai, MH, IND, 400053
Creative Eye Ltd is a production house engaged in the production of audio-visual content. The company is engaged in the production of TV content and licensing of TV serial rights. Some of its TV content projects include Kahan Gaye Woh Log, Adalat, Aage Aage Dekho Hota Hai Kya, Sansaar, Shree Ganesh, and others.
30GF Score

Get the complete analysis for NSE:CREATIVEYE

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

₹6.19
Price
₹1.86
GF Value