CyberSoft Digital Services (ROCO:7841) Beneish M-Score: -1.80 (As of Jun. 27, 2026)


ROCO:7841 CyberSoft Digital Services Corp ROCO:7841
17 GF Score
Price NT$28.00
! 3 Warning Signs
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What is CyberSoft Digital Services Beneish M-Score?

CyberSoft Digital Services ROCO:7841 -0.36% 17 Beneish M-Score is -1.80 as of Jun. 27, 2026. GuruFocus rates ROCO:7841 with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 2,634 Software companies, CyberSoft Digital Services ranks worse than 80.49% 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 -1.8 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

ROCO:7841' s Beneish M-Score Range Over the Past 10 Years
Min: -2.74   Med: -2.27   Max: -1.8
Current: -1.8

During the past 4 years, the highest Beneish M-Score of CyberSoft Digital Services was -1.80. The lowest was -2.74. And the median was -2.27.

CyberSoft Digital Services Beneish M-Score Historical Data

* Premium members only.

The historical data trend for CyberSoft Digital Services'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.

CyberSoft Digital Services Beneish M-Score Chart

CyberSoft Digital Services Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.74 -1.80

CyberSoft Digital Services Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 -2.74 0.00 -1.80

ROCO:7841 vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, CyberSoft Digital Services'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.

CyberSoft Digital Services Beneish M-Score vs Software Industry

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

* The bar in red indicates where CyberSoft Digital Services's Beneish M-Score falls into.


ROCO:7841
17GF Score
CyberSoft Digital Services Corp ROCO:7841
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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CyberSoft Digital Services 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 CyberSoft Digital Services 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 * 1.2672+0.528 * 0.9938+0.404 * 0.9227+0.892 * 1.2989+0.115 * 1.0781
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8832+4.679 * 0.059808-0.327 * 1.3353
=-1.80

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was NT$165.4 Mil.
Revenue was NT$495.3 Mil.
Gross Profit was NT$167.0 Mil.
Total Current Assets was NT$367.1 Mil.
Total Assets was NT$935.3 Mil.
Property, Plant and Equipment(Net PPE) was NT$307.0 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$6.8 Mil.
Selling, General, & Admin. Expense(SGA) was NT$77.9 Mil.
Total Current Liabilities was NT$258.3 Mil.
Long-Term Debt & Capital Lease Obligation was NT$28.3 Mil.
Net Income was NT$53.8 Mil.
Gross Profit was NT$0.0 Mil.
Cash Flow from Operations was NT$-2.1 Mil.
 Total Receivables was NT$100.5 Mil.
Revenue was NT$381.3 Mil.
Gross Profit was NT$127.8 Mil.
Total Current Assets was NT$254.6 Mil.
Total Assets was NT$813.5 Mil.
Property, Plant and Equipment(Net PPE) was NT$312.7 Mil.
Depreciation, Depletion and Amortization(DDA) was NT$7.5 Mil.
Selling, General, & Admin. Expense(SGA) was NT$67.9 Mil.
Total Current Liabilities was NT$161.1 Mil.
Long-Term Debt & Capital Lease Obligation was NT$25.6 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)
=(165.406 / 495.311) / (100.489 / 381.318)
=0.333944 / 0.263531
=1.2672

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)
=(127.764 / 381.318) / (166.997 / 495.311)
=0.335059 / 0.337156
=0.9938

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 - (367.057 + 307.011) / 935.289) / (1 - (254.632 + 312.656) / 813.527)
=0.279294 / 0.302681
=0.9227

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
=495.311 / 381.318
=1.2989

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))
=(7.495 / (7.495 + 312.656)) / (6.815 / (6.815 + 307.011))
=0.023411 / 0.021716
=1.0781

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)
=(77.948 / 495.311) / (67.948 / 381.318)
=0.157372 / 0.178192
=0.8832

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)
=((28.299 + 258.267) / 935.289) / ((25.598 + 161.072) / 813.527)
=0.306393 / 0.229458
=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
=(53.83 - 0 - -2.108) / 935.289
=0.059808

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.

CyberSoft Digital Services has a M-score of -1.80 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 -1.80 mean?
CyberSoft Digital Services (ROCO:7841) has a Beneish M-Score of -1.80 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CyberSoft Digital Services and its competitors. According to the industry distribution chart, CyberSoft Digital Services ranks #2120 out of 2634 companies in the Software industry, placing it in the top 80.5%.
Is CyberSoft Digital Services' Beneish M-Score too high?
CyberSoft Digital Services' current Beneish M-Score is -1.80. Based on the distribution chart, CyberSoft Digital Services ranks #2120 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, CyberSoft Digital Services has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does CyberSoft Digital Services' Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, CyberSoft Digital Services ranks #2120 out of 2634 companies for Beneish M-Score. This places CyberSoft Digital Services 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 CyberSoft Digital Services and its competitors. CyberSoft Digital Services's current Beneish M-Score is -1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CyberSoft Digital Services stock overvalued right now?
CyberSoft Digital Services (ROCO:7841) has a current Beneish M-Score of -1.80. The current Beneish M-Score is -1.80. CyberSoft Digital Services' overall GF Score™ is 17/100 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 CyberSoft Digital Services (ROCO:7841), the current Beneish M-Score is -1.80 as of Jun. 27, 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.

CyberSoft Digital Services Business Description

Address Lane 321, Yangguang Street, 3rd Floor, No.56, Neihu District, Taipei, TWN, 114
CyberSoft Digital Services Corp is Taiwan's foremost payment system provider, serving one-third of the nation's card-issuing banks. It delivers end-to-end solutions-including the CyberCARD platform for card issuance and CyberMARS for acquiring services-empowering banks, payment providers, and merchants with secure, stable, and scalable infrastructure. The company's systems support the rapid deployment of diversified payment products and enable greater operational efficiency. It has launched CyberOPERA, an AI-powered digital workflow platform, which has already been adopted by major banks. It is accelerating its presence in consumer lending, mortgage, and other non-payment segments across the financial services industry.
17GF Score

Get the complete analysis for ROCO:7841

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

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