Egp Energy (SGX:EGX) Beneish M-Score: 0.00 (As of Sep. 01, 2026)

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SGX:EGX Egp Energy Corp Ltd SGX:EGX
19 GF Score
Price S$0.70
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What is Egp Energy Beneish M-Score?

Egp Energy SGX:EGX 19 Beneish M-Score is 0.00 as of Sep. 01, 2026. GuruFocus rates SGX:EGX with a GF Score™ of 19/100. Among 1,703 Construction companies, Egp Energy ranks worse than 58719.85% 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.

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

During the past 3 years, the highest Beneish M-Score of Egp Energy was 0.00. The lowest was 0.00. And the median was 0.00.

Egp Energy Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Egp Energy'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.

Egp Energy Beneish M-Score Chart

Egp Energy Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00

Egp Energy Quarterly Data
Dec23 Dec24 Dec25 Jun26
Beneish M-Score 0.00 0.00 0.00 0.00

SGX:EGX vs PWR, FIX, EME: Beneish M-Score Comparison

For the Engineering & Construction subindustry, Egp Energy'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.

Egp Energy Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Egp Energy's Beneish M-Score distribution charts can be found below:

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


SGX:EGX
19GF Score
Egp Energy Corp Ltd SGX:EGX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Egp Energy 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 Egp Energy 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 * 0.4086+0.528 * 0.8317+0.404 * 0.8047+0.892 * 1.0262+0.115 * 2.8509
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.7365+4.679 * -0.164406-0.327 * 0.8785
=-3.98

* 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 S$5.35 Mil.
Revenue was S$38.98 Mil.
Gross Profit was S$14.39 Mil.
Total Current Assets was S$41.26 Mil.
Total Assets was S$43.56 Mil.
Property, Plant and Equipment(Net PPE) was S$0.30 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.16 Mil.
Selling, General, & Admin. Expense(SGA) was S$0.48 Mil.
Total Current Liabilities was S$20.56 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.08 Mil.
Net Income was S$10.30 Mil.
Gross Profit was S$0.00 Mil.
Cash Flow from Operations was S$17.46 Mil.
 Total Receivables was S$12.75 Mil.
Revenue was S$37.98 Mil.
Gross Profit was S$11.66 Mil.
Total Current Assets was S$33.04 Mil.
Total Assets was S$35.04 Mil.
Property, Plant and Equipment(Net PPE) was S$0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was S$0.06 Mil.
Selling, General, & Admin. Expense(SGA) was S$0.17 Mil.
Total Current Liabilities was S$18.89 Mil.
Long-Term Debt & Capital Lease Obligation was S$0.00 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)
=(5.346 / 38.98) / (12.748 / 37.983)
=0.137147 / 0.335624
=0.4086

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)
=(11.664 / 37.983) / (14.393 / 38.98)
=0.307085 / 0.369241
=0.8317

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 - (41.264 + 0.298) / 43.563) / (1 - (33.038 + 0) / 35.038)
=0.045933 / 0.057081
=0.8047

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
=38.98 / 37.983
=1.0262

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))
=(0.058 / (0.058 + 0)) / (0.161 / (0.161 + 0.298))
=1 / 0.350763
=2.8509

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)
=(0.483 / 38.98) / (0.172 / 37.983)
=0.012391 / 0.004528
=2.7365

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)
=((0.076 + 20.559) / 43.563) / ((0 + 18.892) / 35.038)
=0.473682 / 0.539186
=0.8785

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
=(10.301 - 0 - 17.463) / 43.563
=-0.164406

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.

Egp Energy has a M-score of -3.98 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 0.00 mean?
Egp Energy (SGX:EGX) has a Beneish M-Score of 0.00 as of Sep. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Egp Energy and its competitors. According to the industry distribution chart, Egp Energy ranks #999999 out of 1703 companies in the Construction industry.
Is Egp Energy's Beneish M-Score too high?
Egp Energy's current Beneish M-Score is 0.00. Based on the distribution chart, Egp Energy ranks #999999 out of 1703 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Egp Energy has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Egp Energy's Beneish M-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Egp Energy ranks #999999 out of 1703 companies for Beneish M-Score. This places Egp Energy 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 Construction company?
A good Beneish M-Score depends on the Construction 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 Egp Energy and its competitors. Egp Energy's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Egp Energy stock overvalued right now?
Egp Energy (SGX:EGX) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Egp Energy's overall GF Score™ is 19/100. 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 Egp Energy (SGX:EGX), the current Beneish M-Score is 0.00 as of Sep. 01, 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.

Egp Energy Business Description

Address 2 Venture Drive, No. 15-15 Vision Exchange, Singapore, SGP, 608526
Egp Energy Corp Ltd specialises in providing EPC management services for transmission and distribution (T&D) projects. Its services include the design, supply, installation, positioning, testing, and commissioning of electrical equipment, including EHV/HV GIS, transmission cables, transformers, protection and control systems, and spare parts. It also provides consulting and project management services, as well as maintenance and servicing of T&D assets, including inspections, testing, diagnostics, condition monitoring, troubleshooting, equipment replacement, and emergency repairs. The company has two reporting segments: i) power transmission and distribution (T&D projects); and ii) maintenance and services (M&S projects). The majority of revenue is derived from the T&D projects segment.
19GF Score

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

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