577 Investment (STC:NBB) Beneish M-Score: -0.87 (As of Jul. 06, 2026)


STC:NBB 577 Investment Corp STC:NBB
51 GF Score
Price ₫17,550.00
GF Value ₫4,359.40
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is 577 Investment Beneish M-Score?

577 Investment STC:NBB 51 Beneish M-Score is -0.87 as of Jul. 06, 2026. GuruFocus rates STC:NBB with a GF Score™ of 51/100 and a GF Value™ of ₫4,359.40 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,684 Real Estate companies, 577 Investment ranks worse than 85.93% 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.

Warning Sign:

Beneish M-Score -0.87 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for 577 Investment's Beneish M-Score or its related term are showing as below:

STC:NBB' s Beneish M-Score Range Over the Past 10 Years
Min: -2.68   Med: -0.43   Max: 34.13
Current: -0.87

During the past 13 years, the highest Beneish M-Score of 577 Investment was 34.13. The lowest was -2.68. And the median was -0.43.


577 Investment Beneish M-Score Historical Data

* Premium members only.

The historical data trend for 577 Investment'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.

577 Investment Beneish M-Score Chart

577 Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 -1.25 -2.26 3.78 -2.17

577 Investment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.56 0.35 -0.68 -2.17 -0.87

STC:NBB vs CBRE, BEKE, JLL: Beneish M-Score Comparison

For the Real Estate Services subindustry, 577 Investment'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.


577 Investment Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, 577 Investment's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where 577 Investment's Beneish M-Score falls into.


STC:NBB
51GF Score
577 Investment Corp STC:NBB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

577 Investment 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 577 Investment 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 * 0.8661+0.528 * 4.6517+0.404 * 0.9707+0.892 * 0.5651+0.115 * 0.1473
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.2265+4.679 * 0.109322-0.327 * 0.9884
=-0.87

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₫411,063 Mil.
Revenue was 3825.215 + 5914.766 + 6744.545 + 12523.671 = ₫29,008 Mil.
Gross Profit was 506.298 + -3618.388 + 1713.576 + 3269.285 = ₫1,871 Mil.
Total Current Assets was ₫5,480,853 Mil.
Total Assets was ₫8,014,817 Mil.
Property, Plant and Equipment(Net PPE) was ₫181,429 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫8,382 Mil.
Selling, General, & Admin. Expense(SGA) was ₫5,716 Mil.
Total Current Liabilities was ₫2,157,400 Mil.
Long-Term Debt & Capital Lease Obligation was ₫3,258,561 Mil.
Net Income was 231.398 + 9424.74 + 1432.627 + 230.838 = ₫11,320 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₫0 Mil.
Cash Flow from Operations was -253632.318 + -176647.052 + -186006.582 + -248593.818 = ₫-864,880 Mil.
Total Receivables was ₫839,936 Mil.
Revenue was 13629.077 + 11472.497 + 11472.497 + 14762.657 = ₫51,337 Mil.
Gross Profit was 5346.4 + 2484.876 + 2484.876 + 5084.63 = ₫15,401 Mil.
Total Current Assets was ₫3,466,941 Mil.
Total Assets was ₫7,873,148 Mil.
Property, Plant and Equipment(Net PPE) was ₫2,025,518 Mil.
Depreciation, Depletion and Amortization(DDA) was ₫13,263 Mil.
Selling, General, & Admin. Expense(SGA) was ₫4,544 Mil.
Total Current Liabilities was ₫2,613,199 Mil.
Long-Term Debt & Capital Lease Obligation was ₫2,769,335 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)
=(411062.552 / 29008.197) / (839935.678 / 51336.728)
=14.170565 / 16.361301
=0.8661

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)
=(15400.782 / 51336.728) / (1870.771 / 29008.197)
=0.299995 / 0.064491
=4.6517

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 - (5480853.349 + 181428.768) / 8014817.234) / (1 - (3466941.376 + 2025517.79) / 7873147.64)
=0.293523 / 0.302381
=0.9707

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
=29008.197 / 51336.728
=0.5651

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))
=(13262.978 / (13262.978 + 2025517.79)) / (8381.551 / (8381.551 + 181428.768))
=0.006505 / 0.044158
=0.1473

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)
=(5716.359 / 29008.197) / (4543.66 / 51336.728)
=0.19706 / 0.088507
=2.2265

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)
=((3258560.674 + 2157399.685) / 8014817.234) / ((2769335.437 + 2613199.244) / 7873147.64)
=0.675743 / 0.683657
=0.9884

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
=(11319.603 - 0 - -864879.77) / 8014817.234
=0.109322

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.

577 Investment has a M-score of -0.87 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -0.87 mean?
577 Investment (STC:NBB) has a Beneish M-Score of -0.87 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on 577 Investment and its competitors. According to the industry distribution chart, 577 Investment ranks #1447 out of 1684 companies in the Real Estate industry, placing it in the top 85.9%.
Is 577 Investment's Beneish M-Score too high?
577 Investment's current Beneish M-Score is -0.87. Based on the distribution chart, 577 Investment ranks #1447 out of 1684 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, 577 Investment has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 577 Investment's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, 577 Investment ranks #1447 out of 1684 companies for Beneish M-Score. This places 577 Investment 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 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 577 Investment and its competitors. 577 Investment's current Beneish M-Score is -0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 577 Investment stock overvalued right now?
Based on GuruFocus' analysis, 577 Investment (STC:NBB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫4,359.40, compared to a current price of ₫17,550.00 — trading 302.6% above its estimated fair value. The current Beneish M-Score is -0.87. 577 Investment's overall GF Score™ is 51/100 with 10 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 577 Investment (STC:NBB), the current Beneish M-Score is -0.87 as of Jul. 06, 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 577 Investment (STC:NBB) Overvalued in 2026?

Based on GuruFocus' analysis, 577 Investment stock appears to be overvalued. The current stock price of ₫17,550.00 is trading 302.6% above its estimated GF Value™ of ₫4,359.40. GuruFocus considers 577 Investment to be Significantly Overvalued.

Key valuation signals for STC:NBB:

  • Beneish M-Score: -0.87
  • GF Value™: ₫4,359.40 vs. price of ₫17,550.00 (302.6% above fair value)
  • GF Score™: 51/100 with 10 warning signs

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


577 Investment Business Description

Address CII Tower, 152 Dien Bien Phu Street, Ward 25, Thanh My Tay Ward, Ho Chi Minh, VNM
577 Investment Corp is mainly engaged in real estate development. The company's core business activities consist of the construction of traffic works, ferry bridges, roads, and railways; the construction of irrigation, hydropower, and thermal power. In addition, the company is involved in power production, power transmission, distribution, and trading.
51GF Score

Get the complete analysis for STC:NBB

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

₫17,550.00
Price
₫4,359.40
GF Value