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Sheffield GreenSGX:SGR 47 Beneish M-Score is -2.84 as of Aug. 12, 2026. GuruFocus rates SGX:SGR with a GF Score™ of 47/100. The stock has 2 warning signs investors should review. Among 1,019 Business Services companies, Sheffield Green ranks better than 71.93% 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 Sheffield Green's Beneish M-Score or its related term are showing as below:
SGX:SGR'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.84 Med: -1.4 Max: -0.55
Current: -2.84
During the past 6 years, the highest Beneish M-Score of Sheffield Green was -0.55. The lowest was -2.84. And the median was -1.40.
The historical data trend for Sheffield Green'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:SGR vs KFY, RHI, TNET: Beneish M-Score Comparison
For the Staffing & Employment Services subindustry, Sheffield Green'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.
Sheffield Green Beneish M-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Sheffield Green's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Sheffield Green'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 Sheffield Green 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 * 0.7275
+
0.528 * 1.0515
+
0.404 * 1.5623
+
0.892 * 1.0636
+
0.115 * 1.6638
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5381
+
4.679 * -0.113542
-
0.327 * 1.1294
=
-2.84
* 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))
=
(0.134 / (0.134 + 0.674))
/
(0.369 / (0.369 + 3.333))
=
0.165842
/
0.099676
=
1.6638
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
=
(1.248 - 0
-
3.184)
/
17.051
=
-0.113542
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.
Sheffield Green has a M-score of -2.84 suggests that the company is unlikely to be a manipulator.
Sheffield Green (SGX:SGR) has a Beneish M-Score of -2.84 as of Aug. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Sheffield Green and its competitors. According to the industry distribution chart, Sheffield Green ranks #286 out of 1019 companies in the Business Services industry, placing it in the top 28.1%.
Is Sheffield Green's Beneish M-Score too high?
Sheffield Green's current Beneish M-Score is -2.84. Based on the distribution chart, Sheffield Green ranks #286 out of 1019 companies in the Business Services industry, which is above the industry midpoint. Overall, Sheffield Green has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Sheffield Green's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Sheffield Green ranks #286 out of 1019 companies for Beneish M-Score. This puts Sheffield Green 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 Sheffield Green and its competitors. Sheffield Green'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 Sheffield Green stock overvalued right now?
Sheffield Green (SGX:SGR) has a current Beneish M-Score of -2.84. The current Beneish M-Score is -2.84. Sheffield Green's overall GF Score™ is 47/100 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 Sheffield Green (SGX:SGR), the current Beneish M-Score is -2.84 as of Aug. 12, 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.
Sheffield Green Ltd is a human resource service provider for the renewable energy industry. Its clients include players in the renewable energy industry such as independent power producers; engineering procurement; developers; installation contractors, etc. The Group's comprehensive end-to-end suite of human resource services ranges from sourcing and training workers to mobilization of workers, as well as funding of payroll administration. The company has two reportable segments which are the Provision of human resource which is the key revenue generating segment, and Ancillary services. Geographically, the company operates in Taiwan which is its key revenue generating market, and it also has a presence in Singapore, Japan, and Poland, and other countries.
47GF Score
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