SMGSY (SMG Swiss Marketplace Group Holding AG) Beneish M-Score: -2.64 (As of Jun. 24, 2026)


SMGSY SMG Swiss Marketplace Group Holding AG SMGSY
22 GF Score
Price $6.26
! 1 Warning Sign
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What is SMG Swiss Marketplace Group Holding AG Beneish M-Score?

SMG Swiss Marketplace Group Holding AG SMGSY -5.72% 22 Beneish M-Score is -2.64 as of Jun. 24, 2026. GuruFocus rates SMGSY with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 532 Interactive Media companies, SMG Swiss Marketplace Group Holding AG ranks worse than 50.19% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for SMG Swiss Marketplace Group Holding AG's Beneish M-Score or its related term are showing as below:

SMGSY' s Beneish M-Score Range Over the Past 10 Years
Min: -2.64   Med: -2.64   Max: -2.64
Current: -2.64

During the past 3 years, the highest Beneish M-Score of SMG Swiss Marketplace Group Holding AG was -2.64. The lowest was -2.64. And the median was -2.64.

SMG Swiss Marketplace Group Holding AG Beneish M-Score Historical Data

* Premium members only.

The historical data trend for SMG Swiss Marketplace Group Holding 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.

SMG Swiss Marketplace Group Holding AG Beneish M-Score Chart

SMG Swiss Marketplace Group Holding AG Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.64

SMG Swiss Marketplace Group Holding AG Semi-Annual Data
Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score 0.00 0.00 0.00 0.00 -2.64

SMGSY vs GOOGL, META, SPOT: Beneish M-Score Comparison

For the Internet Content & Information subindustry, SMG Swiss Marketplace Group Holding 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.

SMG Swiss Marketplace Group Holding AG Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, SMG Swiss Marketplace Group Holding AG's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where SMG Swiss Marketplace Group Holding AG's Beneish M-Score falls into.


SMGSY
22GF Score
SMG Swiss Marketplace Group Holding AG SMGSY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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SMG Swiss Marketplace Group Holding AG 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 SMG Swiss Marketplace Group Holding 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 * 1.0844+0.528 * 1.0057+0.404 * 0.9768+0.892 * 1.277+0.115 * 0.9753
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8867+4.679 * -0.05473-0.327 * 1.3757
=-2.52

* 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 $61.2 Mil.
Revenue was $416.6 Mil.
Gross Profit was $450.3 Mil.
Total Current Assets was $184.5 Mil.
Total Assets was $1,669.3 Mil.
Property, Plant and Equipment(Net PPE) was $18.2 Mil.
Depreciation, Depletion and Amortization(DDA) was $69.7 Mil.
Selling, General, & Admin. Expense(SGA) was $37.6 Mil.
Total Current Liabilities was $128.9 Mil.
Long-Term Debt & Capital Lease Obligation was $11.4 Mil.
Net Income was $84.9 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $176.3 Mil.
 Total Receivables was $44.2 Mil.
Revenue was $326.2 Mil.
Gross Profit was $354.7 Mil.
Total Current Assets was $130.1 Mil.
Total Assets was $1,488.1 Mil.
Property, Plant and Equipment(Net PPE) was $19.5 Mil.
Depreciation, Depletion and Amortization(DDA) was $66.4 Mil.
Selling, General, & Admin. Expense(SGA) was $33.2 Mil.
Total Current Liabilities was $78.7 Mil.
Long-Term Debt & Capital Lease Obligation was $12.2 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)
=(61.234 / 416.601) / (44.221 / 326.244)
=0.146985 / 0.135546
=1.0844

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)
=(354.651 / 326.244) / (450.299 / 416.601)
=1.087073 / 1.080888
=1.0057

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 - (184.485 + 18.246) / 1669.258) / (1 - (130.146 + 19.504) / 1488.121)
=0.87855 / 0.899437
=0.9768

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
=416.601 / 326.244
=1.277

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))
=(66.42 / (66.42 + 19.504)) / (69.729 / (69.729 + 18.246))
=0.773009 / 0.7926
=0.9753

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)
=(37.623 / 416.601) / (33.227 / 326.244)
=0.090309 / 0.101847
=0.8867

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)
=((11.387 + 128.859) / 1669.258) / ((12.178 + 78.702) / 1488.121)
=0.084017 / 0.06107
=1.3757

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
=(84.947 - 0 - 176.306) / 1669.258
=-0.05473

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.

SMG Swiss Marketplace Group Holding AG has a M-score of -2.52 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 -2.64 mean?
SMG Swiss Marketplace Group Holding AG (SMGSY) has a Beneish M-Score of -2.64 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on SMG Swiss Marketplace Group Holding AG and its competitors. According to the industry distribution chart, SMG Swiss Marketplace Group Holding AG ranks #267 out of 532 companies in the Interactive Media industry, placing it in the top 50.2%.
Is SMG Swiss Marketplace Group Holding AG's Beneish M-Score too high?
SMG Swiss Marketplace Group Holding AG's current Beneish M-Score is -2.64. Based on the distribution chart, SMG Swiss Marketplace Group Holding AG ranks #267 out of 532 companies in the Interactive Media industry, which is below the industry midpoint. Overall, SMG Swiss Marketplace Group Holding AG has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does SMG Swiss Marketplace Group Holding AG's Beneish M-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, SMG Swiss Marketplace Group Holding AG ranks #267 out of 532 companies for Beneish M-Score. This places SMG Swiss Marketplace Group Holding AG 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 SMG Swiss Marketplace Group Holding AG and its competitors. SMG Swiss Marketplace Group Holding AG's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMG Swiss Marketplace Group Holding AG stock overvalued right now?
SMG Swiss Marketplace Group Holding AG (SMGSY) has a current Beneish M-Score of -2.64. The current Beneish M-Score is -2.64. SMG Swiss Marketplace Group Holding AG's overall GF Score™ is 22/100 with 1 warning sign 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 SMG Swiss Marketplace Group Holding AG (SMGSY), the current Beneish M-Score is -2.64 as of Jun. 24, 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.

SMG Swiss Marketplace Group Holding AG Business Description

Address Thurgauerstrasse 36, Zurich, CHE, 8050
SMG Swiss Marketplace Group Holding AG is an online marketplace under three primary business segments: real estate, automotive, and general marketplaces, complemented by additional price comparison offerings in finance and insurance. Its tools include: ImmoScout24, Homegate, Flatfox, alle-immobilien.ch, Immostreet.ch, home.ch, Publimmo, Acheter-Louer.ch, CASASOFT, IAZI, AutoScout24, MotoScout24, anibis.ch, tutti.ch, Ricardo, FinanceScout24, and moneyland.ch. It generates the majority of its revenue from the real estate segment, which provides digital platforms and services for renting, selling, and managing property.
22GF 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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