An Gia Real Estate Investment And Development (STC:AGG) Beneish M-Score: -3.47 (As of Aug. 19, 2026)

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STC:AGG An Gia Real Estate Investment And Development Corp STC:AGG
59 GF Score
Price ₫11,050.00
GF Value ₫4,658.75
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is An Gia Real Estate Investment And Development Beneish M-Score?

An Gia Real Estate Investment And Development STC:AGG -0.90% 59 Beneish M-Score is -3.47 as of Aug. 19, 2026. GuruFocus rates STC:AGG with a GF Score™ of 59/100 and a GF Value™ of ₫4,658.75 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,677 Real Estate companies, An Gia Real Estate Investment And Development ranks better than 92.49% 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 -3.47 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for An Gia Real Estate Investment And Development's Beneish M-Score or its related term are showing as below:

STC:AGG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.47   Med: -1.42   Max: 6.71
Current: -3.47

During the past 8 years, the highest Beneish M-Score of An Gia Real Estate Investment And Development was 6.71. The lowest was -3.47. And the median was -1.42.

An Gia Real Estate Investment And Development Beneish M-Score Historical Data

* Premium members only.

The historical data trend for An Gia Real Estate Investment And Development'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.

An Gia Real Estate Investment And Development Beneish M-Score Chart

An Gia Real Estate Investment And Development Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial -1.43 -1.30 -2.04 -1.17 -1.97

An Gia Real Estate Investment And Development Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.92 -1.08 -1.97 -3.01 -3.47

An Gia Real Estate Investment And Development Beneish M-Score Competitor Comparison

For the Real Estate - Diversified subindustry, An Gia Real Estate Investment And Development'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.

An Gia Real Estate Investment And Development Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, An Gia Real Estate Investment And Development's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where An Gia Real Estate Investment And Development's Beneish M-Score falls into.


STC:AGG
59GF Score
An Gia Real Estate Investment And Development Corp STC:AGG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

An Gia Real Estate Investment And Development 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 An Gia Real Estate Investment And Development 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 * 0.9051+0.528 * 0.6548+0.404 * 0.3951+0.892 * 0.7545+0.115 * 0.7547
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.1458+4.679 * -0.014805-0.327 * 1.398
=-3.47

* 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 (Jun26) TTM:Last Year (Jun25) TTM:
Total Receivables was ₫774,515 Mil.
Revenue was 95219.189 + 67263.897 + 273042.315 + 170367.839 = ₫605,893 Mil.
Gross Profit was 33724.483 + 36987.904 + 148114.153 + 194400.269 = ₫413,227 Mil.
Total Current Assets was ₫8,542,342 Mil.
Total Assets was ₫11,469,499 Mil.
Property, Plant and Equipment(Net PPE) was ₫5,811 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫8,248 Mil.
Selling, General, & Admin. Expense(SGA) was ₫132,420 Mil.
Total Current Liabilities was ₫7,097,942 Mil.
Long-Term Debt & Capital Lease Obligation was ₫0 Mil.
Net Income was 282647.137 + 5015.102 + 179331.986 + 108996.021 = ₫575,990 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₫0 Mil.
Cash Flow from Operations was 918823.187 + -51143.904 + 690504.54 + -812386.21 = ₫745,798 Mil.
 Total Receivables was ₫1,134,187 Mil.
Revenue was 179707.485 + 191772.045 + 163200.171 + 268367.574 = ₫803,047 Mil.
Gross Profit was 158516.339 + 75449.819 + 72185.034 + 52494.455 = ₫358,646 Mil.
Total Current Assets was ₫2,232,146 Mil.
Total Assets was ₫6,312,751 Mil.
Property, Plant and Equipment(Net PPE) was ₫11,491 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫9,131 Mil.
Selling, General, & Admin. Expense(SGA) was ₫153,176 Mil.
Total Current Liabilities was ₫2,523,292 Mil.
Long-Term Debt & Capital Lease Obligation was ₫271,218 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)
=(774515.468 / 605893.24) / (1134186.953 / 803047.275)
=1.278304 / 1.412354
=0.9051

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)
=(358645.647 / 803047.275) / (413226.809 / 605893.24)
=0.446606 / 0.682013
=0.6548

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 - (8542342.329 + 5811.141) / 11469498.777) / (1 - (2232145.753 + 11491.173) / 6312750.819)
=0.254706 / 0.644586
=0.3951

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
=605893.24 / 803047.275
=0.7545

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))
=(9130.976 / (9130.976 + 11491.173)) / (8247.998 / (8247.998 + 5811.141))
=0.442775 / 0.586665
=0.7547

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)
=(132420.203 / 605893.24) / (153176.359 / 803047.275)
=0.218554 / 0.190744
=1.1458

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 + 7097941.51) / 11469498.777) / ((271218 + 2523291.825) / 6312750.819)
=0.618854 / 0.442677
=1.398

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
=(575990.246 - 0 - 745797.613) / 11469498.777
=-0.014805

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.

An Gia Real Estate Investment And Development has a M-score of -3.47 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 -3.47 mean?
An Gia Real Estate Investment And Development (STC:AGG) has a Beneish M-Score of -3.47 as of Aug. 19, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on An Gia Real Estate Investment And Development and its competitors. According to the industry distribution chart, An Gia Real Estate Investment And Development ranks #126 out of 1677 companies in the Real Estate industry, placing it in the top 7.5%.
Is An Gia Real Estate Investment And Development's Beneish M-Score too high?
An Gia Real Estate Investment And Development's current Beneish M-Score is -3.47. Based on the distribution chart, An Gia Real Estate Investment And Development ranks #126 out of 1677 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, An Gia Real Estate Investment And Development has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does An Gia Real Estate Investment And Development's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, An Gia Real Estate Investment And Development ranks #126 out of 1677 companies for Beneish M-Score. This places An Gia Real Estate Investment And Development in the top 8% of its industry — outperforming the majority of peers. 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 An Gia Real Estate Investment And Development and its competitors. An Gia Real Estate Investment And Development's current Beneish M-Score is -3.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is An Gia Real Estate Investment And Development stock overvalued right now?
Based on GuruFocus' analysis, An Gia Real Estate Investment And Development (STC:AGG) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫4,658.75, compared to a current price of ₫11,050.00 — trading 137.2% above its estimated fair value. The current Beneish M-Score is -3.47. An Gia Real Estate Investment And Development's overall GF Score™ is 59/100 with 3 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 An Gia Real Estate Investment And Development (STC:AGG), the current Beneish M-Score is -3.47 as of Aug. 19, 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 An Gia Real Estate Investment And Development (STC:AGG) Overvalued in 2026?

Based on GuruFocus' analysis, An Gia Real Estate Investment And Development stock appears to be overvalued. The current stock price of ₫11,050.00 is trading 137.2% above its estimated GF Value™ of ₫4,658.75. GuruFocus considers An Gia Real Estate Investment And Development to be Significantly Overvalued.

Key valuation signals for STC:AGG:

  • Beneish M-Score: -3.47
  • GF Value™: ₫4,658.75 vs. price of ₫11,050.00 (137.2% above fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the STC:AGG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

An Gia Real Estate Investment And Development Business Description

Address Nguyen Dinh Chieu Street, No. 60, Da Kao Ward, District 1, Ho Chi Minh City, VNM
An Gia Real Estate Investment And Development Corp is a real estate company. The company is engaged in real estate trading, real estate brokerage, real estate management, real estate exchange, management consulting, advertising, marketing research and public opinion polling, organization of convention and trading shows, construction of buildings, construction of other civil projects, construction of railways and roads, construction of utility projects, demolition and site preparation. The company derives its majority of revenue from real estate.
59GF Score

Get the complete analysis for STC:AGG

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

₫11,050.00
Price
₫4,658.75
GF Value