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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 -2.74 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for 17LIVE Group's Beneish M-Score or its related term are showing as below:
SGX:LVR'
s Beneish M-Score Range Over the Past 10 Years
Min: -9.65 Med: -2.74 Max: -2.25
Current: -2.74
During the past 5 years, the highest Beneish M-Score of 17LIVE Group was -2.25. The lowest was -9.65. And the median was -2.74.
17LIVE Group Beneish M-Score Related Terms
17LIVE Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for 17LIVE Group'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.
SGX:LVR vs UBER, SHOP, CRM: Beneish M-Score Comparison
For the Software - Application subindustry, 17LIVE Group'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.
17LIVE Group Beneish M-Score vs Software Industry
For the Software industry and Technology sector, 17LIVE Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where 17LIVE Group'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 17LIVE Group 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 * 1.1169
+
0.528 * 0.9951
+
0.404 * 1.058
+
0.892 * 0.7953
+
0.115 * 0.9554
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0902
+
4.679 * -0.042826
-
0.327 * 0.957
=
-2.74
* 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))
=
(4.194 / (4.194 + 5.485))
/
(3.49 / (3.49 + 4.205))
=
0.433309
/
0.453541
=
0.9554
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
=
(-1.193 - 0
-
5.617)
/
159.014
=
-0.042826
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.
17LIVE Group has a M-score of -2.74 suggests that the company is unlikely to be a manipulator.
17LIVE Group (SGX:LVR) has a Beneish M-Score of -2.74 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on 17LIVE Group and its competitors. According to the industry distribution chart, 17LIVE Group ranks #944 out of 2631 companies in the Software industry, placing it in the top 35.9%.
Is 17LIVE Group's Beneish M-Score too high?
17LIVE Group's current Beneish M-Score is -2.74. Based on the distribution chart, 17LIVE Group ranks #944 out of 2631 companies in the Software industry, which is above the industry midpoint. Overall, 17LIVE Group has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 17LIVE Group's Beneish M-Score compare to UBER and SHOP?
According to the Software industry distribution chart, 17LIVE Group ranks #944 out of 2631 companies for Beneish M-Score. This puts 17LIVE Group 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 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 17LIVE Group and its competitors. 17LIVE Group's current Beneish M-Score is -2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 17LIVE Group stock overvalued right now?
Based on GuruFocus' analysis, 17LIVE Group (SGX:LVR) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.24, compared to a current price of S$0.89 — trading 268.8% above its estimated fair value. The current Beneish M-Score is -2.74. 17LIVE Group's overall GF Score™ is 34/100 with 2 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 17LIVE Group (SGX:LVR), the current Beneish M-Score is -2.74 as of Jul. 14, 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 17LIVE Group (SGX:LVR) Overvalued in 2026?
Based on GuruFocus' analysis, 17LIVE Group stock appears to be overvalued.
The current stock price of S$0.89 is trading 268.8% above its estimated GF Value™ of S$0.24.
GuruFocus considers 17LIVE Group to be Significantly Overvalued.
Key valuation signals for SGX:LVR:
Beneish M-Score: -2.74
GF Value™: S$0.24 vs. price of S$0.89 (268.8% above fair value)
No single metric tells the full story. See the SGX:LVR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
17LIVE Group Ltd operates a free live-streaming app that anyone can use. From celebrities to the average person, anybody can communicate with fans all over the world using 17LIVE. 17LIVE is also a pioneer of V-Liver live streaming, enabling real-time interaction between users and virtual characters, creating an immersive, real-time experience with virtual characters and fostering a thriving community. The Group is organized into two operating business segments Live streaming; and Others, which include the business from live-commerce and Wave App. It is accessible globally, with key markets of focus including Japan, Taiwan, Hong Kong, Singapore, the U.S the Philippines, and Malaysia.
34GF Score
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