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SGS AGSGSOF +0.71%82 Beneish M-Score is -2.84 as of Jul. 23, 2026. GuruFocus rates SGSOF with a GF Score™ of 82/100 and a GF Value™ of $108.40 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,020 Business Services companies, SGS AG ranks better than 71.96% 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 -2.84 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for SGS AG's Beneish M-Score or its related term are showing as below:
SGSOF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.1 Med: -2.83 Max: -2.69
Current: -2.84
During the past 13 years, the highest Beneish M-Score of SGS AG was -2.69. The lowest was -3.10. And the median was -2.83.
SGS AG Beneish M-Score Related Terms
SGS AG Beneish M-Score Historical Data
* Premium members only.
The historical data trend for SGS AG'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.
SGSOF vs VRSK, EFX, BAH: Beneish M-Score Comparison
For the Consulting Services subindustry, SGS AG'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.
SGS AG Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, SGS AG's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where SGS AG'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 SGS AG 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 * 0.9783
+
0.528 * 0.9991
+
0.404 * 0.8884
+
0.892 * 1.1437
+
0.115 * 0.9808
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9009
+
4.679 * -0.070405
-
0.327 * 1.0086
=
-2.73
* 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))
=
(528.264 / (528.264 + 1553.387))
/
(584.766 / (584.766 + 1675.242))
=
0.253772
/
0.258745
=
0.9808
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
=
(838.248 - 0
-
1534.697)
/
9892.082
=
-0.070405
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.
SGS AG has a M-score of -2.73 suggests that the company is unlikely to be a manipulator.
SGS AG (SGSOF) has a Beneish M-Score of -2.84 as of Jul. 23, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SGS AG and its competitors. According to the industry distribution chart, SGS AG ranks #286 out of 1020 companies in the Business Services industry, placing it in the top 28%.
Is SGS AG's Beneish M-Score too high?
SGS AG's current Beneish M-Score is -2.84. Based on the distribution chart, SGS AG ranks #286 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, SGS AG has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SGS AG's Beneish M-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, SGS AG ranks #286 out of 1020 companies for Beneish M-Score. This puts SGS AG in the upper 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 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 SGS AG and its competitors. SGS AG's current Beneish M-Score is -2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SGS AG stock overvalued right now?
Based on GuruFocus' analysis, SGS AG (SGSOF) is currently considered Fairly Valued. The stock's GF Value™ is $108.40, compared to a current price of $117.63 — trading 8.5% above its estimated fair value. The current Beneish M-Score is -2.84. SGS AG's overall GF Score™ is 82/100 with 7 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 SGS AG (SGSOF), the current Beneish M-Score is -2.84 as of Jul. 23, 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 SGS AG (SGSOF) Overvalued in 2026?
Based on GuruFocus' analysis, SGS AG stock appears to be overvalued.
The current stock price of $117.63 is trading 8.5% above its estimated GF Value™ of $108.40.
GuruFocus considers SGS AG to be Fairly Valued.
Key valuation signals for SGSOF:
Beneish M-Score: -2.84
GF Value™: $108.40 vs. price of $117.63 (8.5% above fair value)
No single metric tells the full story. See the SGSOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Switzerland-listed SGS is the largest and one of the oldest companies in the testing, inspection, and certification industry. The company's primary activities involve testing products and materials, inspecting sites/industrial equipment, and certifying products and systems to ensure global/company standards. SGS is one of only three TIC companies operating globally across agriculture, food, life sciences, and transportation services. SGS was first listed in 1981 and employs almost 100,000 people worldwide.
82GF Score
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