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Roma Green FinanceROMA -1.53%17 Beneish M-Score is 3.83 as of Aug. 17, 2026, which is 15% below its 10-year median of 4.49. GuruFocus rates ROMA with a GF Score™ of 17/100. The stock has 11 warning signs investors should review. Among 1,018 Business Services companies, Roma Green Finance ranks worse than 98.13% 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.
Warning Sign:
Beneish M-Score 3.83 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for Roma Green Finance's Beneish M-Score or its related term are showing as below:
ROMA'
s Beneish M-Score Range Over the Past 10 Years
Min: 3.83 Med: 4.49 Max: 5.14
Current: 3.83
During the past 6 years, the highest Beneish M-Score of Roma Green Finance was 5.14. The lowest was 3.83. And the median was 4.49.
Roma Green Finance Beneish M-Score Historical Data
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The historical data trend for Roma Green Finance'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.
ROMA vs SBC, FORR, GLAI: Beneish M-Score Comparison
For the Consulting Services subindustry, Roma Green Finance'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.
Roma Green Finance Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Roma Green Finance's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Roma Green Finance'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 Roma Green Finance 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 * 3.347
+
0.528 * 2.1581
+
0.404 * 11.6136
+
0.892 * 0.7726
+
0.115 * 0.4242
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2521
+
4.679 * -0.09828
-
0.327 * 0.9136
=
3.83
* 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))
=
(0.002 / (0.002 + 0.004))
/
(0.011 / (0.011 + 0.003))
=
0.333333
/
0.785714
=
0.4242
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
=
(-3.491 - 0.02
-
-2.534)
/
9.941
=
-0.09828
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.
Roma Green Finance has a M-score of 3.83 signals that the company is likely to be a manipulator.
Roma Green Finance (ROMA) has a Beneish M-Score of 3.83 as of Aug. 17, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Roma Green Finance and its competitors. This is 15% below median its historical median of 4.49. Over the past decade, Roma Green Finance's Beneish M-Score has ranged from 3.83 to 5.14. According to the industry distribution chart, Roma Green Finance ranks #999 out of 1018 companies in the Business Services industry, placing it in the top 98.1%.
Is Roma Green Finance's Beneish M-Score too high?
Roma Green Finance's current Beneish M-Score of 3.83 is 15% below median its 10-year median of 4.49. Over the past 10 years, this metric has ranged from a low of 3.83 to a high of 5.14. Based on the distribution chart, Roma Green Finance ranks #999 out of 1018 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Roma Green Finance has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Roma Green Finance's Beneish M-Score compare to SBC and FORR?
According to the Business Services industry distribution chart, Roma Green Finance ranks #999 out of 1018 companies for Beneish M-Score. This places Roma Green Finance in the lower half of its industry. Historically, Roma Green Finance's own Beneish M-Score has ranged from 3.83 to 5.14 over the past decade. 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Roma Green Finance and its competitors. Roma Green Finance's current Beneish M-Score is 3.83, which is 15% below median its own 10-year median of 4.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roma Green Finance stock overvalued right now?
Roma Green Finance (ROMA) has a current Beneish M-Score of 3.83. The current Beneish M-Score is 3.83, which is 15% below median its 10-year median of 4.49. Roma Green Finance's overall GF Score™ is 17/100 with 11 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 Roma Green Finance (ROMA), the current Beneish M-Score is 3.83 as of Aug. 17, 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.
Roma Green Finance Ltd is principally engaged in the provision of ESG, corporate governance and risk management as well as sustainability and climate change-related advisory services. The company works closely with its clients to help them understand, identify, manage, and overcome various business matters arising from such factors related to ESG, sustainability and climate change. Geographically, the company generates its revenue from Hong Kong and Singapore.
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