Enprise Group (NZSE:ENS) Beneish M-Score: -2.44 (As of Jun. 26, 2026)

What is Enprise Group Beneish M-Score?

Enprise Group NZSE:ENS 36 Beneish M-Score is -2.44 as of Jun. 26, 2026. GuruFocus rates NZSE:ENS with a GF Score™ of 36/100 and a GF Value™ of NZ$0.65 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,634 Software companies, Enprise Group ranks worse than 56.42% 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 -2.44 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

NZSE:ENS' s Beneish M-Score Range Over the Past 10 Years
Min: -4.69 Med: -2.4 Max: -1.99
Current: -2.44

During the past 10 years, the highest Beneish M-Score of Enprise Group was -1.99. The lowest was -4.69. And the median was -2.40.

Enprise Group Beneish M-Score Related Terms

Enprise Group Beneish M-Score Historical Data

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The historical data trend for Enprise Group'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.

Enprise Group Beneish M-Score Chart

Enprise Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Jun21

Jun22

Jun23

Jun24

Jun25

Beneish M-Score

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-1.99

-2.67

-4.69

-2.96

-2.44

Enprise Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Beneish M-Score	Get a 7-Day Free Trial															0.00	-2.96	0.00	-2.44	0.00

NZSE:ENS vs CRM, SHOP, UBER: Beneish M-Score Comparison

For the Software - Application subindustry, Enprise Group'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.

Enprise Group Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Enprise Group's Beneish M-Score distribution charts can be found below:

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

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36GF Score

Enprise Group Ltd NZSE:ENS

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Enprise Group 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 Enprise Group for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.9457

0.528 * 1

0.404 * 0.797

0.892 * 1.1393

0.115 * 2.4166

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.8969

4.679 * -0.053138

0.327 * 0.6553

-2.44

This Year (Jun25) TTM:

Last Year (Jun24) TTM:

Total Receivables was NZ$3.58 Mil.
Revenue was NZ$24.91 Mil.
Gross Profit was NZ$24.91 Mil.
Total Current Assets was NZ$6.19 Mil.
Total Assets was NZ$14.66 Mil.
Property, Plant and Equipment(Net PPE) was NZ$2.36 Mil.
Depreciation, Depletion and Amortization(DDA) was NZ$1.01 Mil.
Selling, General, & Admin. Expense(SGA) was NZ$19.30 Mil.
Total Current Liabilities was NZ$9.43 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$1.76 Mil.
Net Income was NZ$-0.10 Mil.
Gross Profit was NZ$-0.00 Mil.
Cash Flow from Operations was NZ$0.68 Mil.

Total Receivables was NZ$3.32 Mil.
Revenue was NZ$21.87 Mil.
Gross Profit was NZ$21.87 Mil.
Total Current Assets was NZ$5.87 Mil.
Total Assets was NZ$13.72 Mil.
Property, Plant and Equipment(Net PPE) was NZ$0.66 Mil.
Depreciation, Depletion and Amortization(DDA) was NZ$1.74 Mil.
Selling, General, & Admin. Expense(SGA) was NZ$18.89 Mil.
Total Current Liabilities was NZ$13.10 Mil.
Long-Term Debt & Capital Lease Obligation was NZ$2.88 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)
	=	(3.579 / 24.91)	/	(3.322 / 21.865)
	=	0.143677	/	0.151932
	=	0.9457

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)
	=	(21.865 / 21.865)	/	(24.91 / 24.91)
	=	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 - (6.185 + 2.357) / 14.66)	/	(1 - (5.873 + 0.664) / 13.723)
	=	0.417326	/	0.523646
	=	0.797

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
	=	24.91	/	21.865
	=	1.1393

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))
	=	(1.741 / (1.741 + 0.664))	/	(1.008 / (1.008 + 2.357))
	=	0.723909	/	0.299554
	=	2.4166

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)
	=	(19.301 / 24.91)	/	(18.89 / 21.865)
	=	0.774829	/	0.863938
	=	0.8969

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)
	=	((1.761 + 9.427) / 14.66)	/	((2.878 + 13.103) / 13.723)
	=	0.763165	/	1.164541
	=	0.6553

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
	=	(-0.101 - -0.004	-	0.682)	/	14.66
	=	-0.053138

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.

Enprise Group has a M-score of -2.44 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 -2.44 mean?

Enprise Group (NZSE:ENS) has a Beneish M-Score of -2.44 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Enprise Group and its competitors. According to the industry distribution chart, Enprise Group ranks #1486 out of 2634 companies in the Software industry, placing it in the top 56.4%.

Is Enprise Group's Beneish M-Score too high?

Enprise Group's current Beneish M-Score is -2.44. Based on the distribution chart, Enprise Group ranks #1486 out of 2634 companies in the Software industry, which is below the industry midpoint. Overall, Enprise Group has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does Enprise Group's Beneish M-Score compare to CRM and SHOP?

According to the Software industry distribution chart, Enprise Group ranks #1486 out of 2634 companies for Beneish M-Score. This places Enprise Group 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 Enprise Group and its competitors. Enprise Group's current Beneish M-Score is -2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Enprise Group stock overvalued right now?

Based on GuruFocus' analysis, Enprise Group (NZSE:ENS) is currently considered Possible Value Trap. The stock's GF Value™ is NZ$0.65, compared to a current price of NZ$0.45 — trading 30.8% below its estimated fair value. The current Beneish M-Score is -2.44. Enprise Group's overall GF Score™ is 36/100 with 2 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 Enprise Group (NZSE:ENS), the current Beneish M-Score is -2.44 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.

Is Enprise Group (NZSE:ENS) Overvalued in 2026?

Based on GuruFocus' analysis, Enprise Group stock appears to be undervalued. The current stock price of NZ$0.45 is trading 30.8% below its estimated GF Value™ of NZ$0.65. GuruFocus considers Enprise Group to be Possible Value Trap.

Key valuation signals for NZSE:ENS:

Beneish M-Score: -2.44
GF Value™: NZ$0.65 vs. price of NZ$0.45 (30.8% below fair value)
GF Score™: 36/100 with 2 warning signs

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

Enprise Group Business Description

Industry Technology Software

Comparable Companies NZSE:LOC NZSE:SDL NZSE:TWL NZSE:PYS XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW DDOG MSTR ADSK TSX:CSU WDAY PAYX

Address 16 Hugo Johnston Drive, Level 2, Penrose, Auckland, NTL, NZL, 1061

Website https://www.enprisegroup.com

Enprise Group Ltd is a technology investment company with interests in cloud business software and related services across Australia, New Zealand, the United Kingdom, South Africa, the United States, Canada, and Europe. Its business segments include: Kilimanjaro Consulting, which implements and supports enterprise resource planning software solutions and generates maximum revenue; iSell, a provider of cloud-based quoting systems for the IT reseller market; Datagate Innovation, offering cloud telecom billing software; and Vadacom, specializing in phone system software and unified communications. The company generates revenue through software sales, subscription services, consulting, implementation, licensing, and managed service agreements.

36GF Score

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

NZ$0.45

Price

NZ$0.65

GF Value

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