SGN (Signing Day Sports) Beneish M-Score: -17.50 (As of Jun. 25, 2026)


SGN Signing Day Sports Inc SGN
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What is Signing Day Sports Beneish M-Score?

Signing Day Sports SGN 8 Beneish M-Score is -17.50 as of Jun. 25, 2026. GuruFocus rates SGN with a GF Score™ of 8/100. The stock has 5 warning signs investors should review.

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 -17.5 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

SGN' s Beneish M-Score Range Over the Past 10 Years
Min: -24.44   Med: -10.83   Max: 10.6
Current: -17.5

During the past 4 years, the highest Beneish M-Score of Signing Day Sports was 10.60. The lowest was -24.44. And the median was -10.83.

Signing Day Sports Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Signing Day Sports'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.

Signing Day Sports Beneish M-Score Chart

Signing Day Sports Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Beneish M-Score
0.00 0.00 -6.27 -24.44

Signing Day Sports Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -4.15 -24.44 -17.00 -15.38 -17.50

SGN vs CINGF, WCT, AMZE: Beneish M-Score Comparison

For the Software - Application subindustry, Signing Day Sports'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.

Signing Day Sports Beneish M-Score vs Software Industry

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

* The bar in red indicates where Signing Day Sports's Beneish M-Score falls into.


SGN
8GF Score
Signing Day Sports Inc SGN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Signing Day Sports 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 Signing Day Sports 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 * 0.9826+0.528 * 0.8772+0.404 * 1.0007+0.892 * 0.636+0.115 * 0.9116
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.3315+4.679 * -3.145793-0.327 * 0.4615
=-17.50

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was $0.02 Mil.
Revenue was 0.031 + 0.067 + 0.148 + 0.121 = $0.37 Mil.
Gross Profit was 0.022 + 0.061 + 0.134 + 0.081 = $0.30 Mil.
Total Current Assets was $0.29 Mil.
Total Assets was $1.02 Mil.
Property, Plant and Equipment(Net PPE) was $0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.23 Mil.
Selling, General, & Admin. Expense(SGA) was $6.55 Mil.
Total Current Liabilities was $1.09 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.566 + -1.367 + -0.843 + -3.313 = $-6.09 Mil.
Non Operating Income was 0.299 + 0.21 + 0.011 + 0.332 = $0.85 Mil.
Cash Flow from Operations was -0.441 + -1.933 + -1.775 + 0.423 = $-3.73 Mil.
 Total Receivables was $0.02 Mil.
Revenue was 0.055 + 0.205 + 0.235 + 0.082 = $0.58 Mil.
Gross Profit was 0.025 + 0.143 + 0.166 + 0.077 = $0.41 Mil.
Total Current Assets was $0.25 Mil.
Total Assets was $1.16 Mil.
Property, Plant and Equipment(Net PPE) was $0.17 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.35 Mil.
Selling, General, & Admin. Expense(SGA) was $7.73 Mil.
Total Current Liabilities was $2.61 Mil.
Long-Term Debt & Capital Lease Obligation was $0.08 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)
=(0.015 / 0.367) / (0.024 / 0.577)
=0.040872 / 0.041594
=0.9826

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)
=(0.411 / 0.577) / (0.298 / 0.367)
=0.712305 / 0.811989
=0.8772

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 - (0.285 + 0.079) / 1.022) / (1 - (0.245 + 0.169) / 1.161)
=0.643836 / 0.643411
=1.0007

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
=0.367 / 0.577
=0.636

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))
=(0.353 / (0.353 + 0.169)) / (0.227 / (0.227 + 0.079))
=0.676245 / 0.74183
=0.9116

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)
=(6.548 / 0.367) / (7.732 / 0.577)
=17.841962 / 13.400347
=1.3315

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 + 1.09) / 1.022) / ((0.078 + 2.605) / 1.161)
=1.066536 / 2.310939
=0.4615

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
=(-6.089 - 0.852 - -3.726) / 1.022
=-3.145793

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.

Signing Day Sports has a M-score of -17.50 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 -17.50 mean?
Signing Day Sports (SGN) has a Beneish M-Score of -17.50 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Signing Day Sports and its competitors.
Is Signing Day Sports' Beneish M-Score too high?
Signing Day Sports' current Beneish M-Score is -17.50. Overall, Signing Day Sports has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Signing Day Sports' Beneish M-Score compare to CINGF and WCT?
Signing Day Sports' Beneish M-Score of -17.50 can be compared against companies in the Software 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 Signing Day Sports and its competitors. Signing Day Sports's current Beneish M-Score is -17.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Signing Day Sports stock overvalued right now?
Signing Day Sports (SGN) has a current Beneish M-Score of -17.50. The current Beneish M-Score is -17.50. Signing Day Sports' overall GF Score™ is 8/100 with 5 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 Signing Day Sports (SGN), the current Beneish M-Score is -17.50 as of Jun. 25, 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.

Signing Day Sports Business Description

Address 8355 East Hartford Road, Suite 100, Scottsdale, AZ, USA, 85255
Signing Day Sports Inc is a technology company developing and operating platforms aiming to allow significantly more student-athletes to go to college and continue playing sports. Its platform Signing Day Sports is a digital ecosystem to help athletes get discovered and recruited by coaches and recruiters across the country. It currently fully supports football and baseball, and it plans to expand the Signing Day Sports platform to include additional sports.
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