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Society PassSOPAQ -99.91% Beneish M-Score is -1.99 as of Jul. 31, 2026. The stock has 3 warning signs investors should review. Among 973 Media - Diversified companies, Society Pass ranks worse than 78.93% 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 -1.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Society Pass's Beneish M-Score or its related term are showing as below:
SOPAQ'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.76 Med: -2.49 Max: 41.7
Current: -1.99
During the past 6 years, the highest Beneish M-Score of Society Pass was 41.70. The lowest was -4.76. And the median was -2.49.
The historical data trend for Society Pass'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.
SOPAQ vs APP, OMC, TTD: Beneish M-Score Comparison
For the Advertising Agencies subindustry, Society Pass'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.
Society Pass Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Society Pass's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Society Pass'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 Society Pass 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 * 0.5127
+
0.528 * 0.6225
+
0.404 * 0.4597
+
0.892 * 1.0463
+
0.115 * 0.9457
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9945
+
4.679 * 0.255238
-
0.327 * 0.6131
=
-1.99
* 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))
=
(0.661 / (0.661 + 1.43))
/
(0.593 / (0.593 + 1.181))
=
0.316117
/
0.334273
=
0.9457
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
=
(-10.552 - -0.088
-
-18.87)
/
32.934
=
0.255238
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.
Society Pass has a M-score of -1.99 suggests that the company is unlikely to be a manipulator.
Society Pass (SOPAQ) has a Beneish M-Score of -1.99 as of Jul. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Society Pass and its competitors. According to the industry distribution chart, Society Pass ranks #768 out of 973 companies in the Media - Diversified industry, placing it in the top 78.9%.
Is Society Pass' Beneish M-Score too high?
Society Pass' current Beneish M-Score is -1.99. Based on the distribution chart, Society Pass ranks #768 out of 973 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers.
How does Society Pass' Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Society Pass ranks #768 out of 973 companies for Beneish M-Score. This places Society Pass 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Society Pass and its competitors. Society Pass's current Beneish M-Score is -1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Society Pass stock overvalued right now?
Based on GuruFocus' analysis, Society Pass (SOPAQ) is currently considered Possible Value Trap. The stock's GF Value™ is $0.78, compared to a current price of $0.00 — trading 99.9% below its estimated fair value. The current Beneish M-Score is -1.99. 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 Society Pass (SOPAQ), the current Beneish M-Score is -1.99 as of Jul. 31, 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.
Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together to transform how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with entrepreneurs, the company meets the growing demand for services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in Six reportable operating segments: Online Grocery and Food deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-commerce, and Corporate. The company generates the majority of its revenue from the Digital marketing segment.
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