Agile Group Holdings (STU:A8P) Beneish M-Score: -3.38 (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:A8P Agile Group Holdings Ltd STU:A8P
38 GF Score
Price €0.02
GF Value €0.03
! 5 Warning Signs
View Full Analysis

What is Agile Group Holdings Beneish M-Score?

Agile Group Holdings STU:A8P 38 Beneish M-Score is -3.38 as of Jul. 25, 2026. GuruFocus rates STU:A8P with a GF Score™ of 38/100 and a GF Value™ of €0.03. The stock has 5 warning signs investors should review. Among 1,683 Real Estate companies, Agile Group Holdings ranks better than 91.15% 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 -3.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

STU:A8P' s Beneish M-Score Range Over the Past 10 Years
Min: -4.44   Med: -2.02   Max: 4
Current: -3.38

During the past 13 years, the highest Beneish M-Score of Agile Group Holdings was 4.00. The lowest was -4.44. And the median was -2.02.


Agile Group Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Agile Group Holdings'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.

Agile Group Holdings Beneish M-Score Chart

Agile Group Holdings 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 -1.89 4.00 -4.44 -3.03 -3.38

Agile Group Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -4.44 0.00 -3.03 0.00 -3.38

Agile Group Holdings Beneish M-Score Competitor Comparison

For the Real Estate - Development subindustry, Agile Group Holdings'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.


Agile Group Holdings Beneish M-Score vs Real Estate Industry

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

* The bar in red indicates where Agile Group Holdings's Beneish M-Score falls into.


STU:A8P
38GF Score
Agile Group Holdings Ltd STU:A8P
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Agile Group Holdings 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 Agile Group Holdings 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 * 1.545+0.528 * 0.0683+0.404 * 1.0111+0.892 * 0.5941+0.115 * 0.9551
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9683+4.679 * -0.121743-0.327 * 1.1291
=-3.44

* 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 €5,244 Mil.
Revenue was €3,378 Mil.
Gross Profit was €-595 Mil.
Total Current Assets was €13,252 Mil.
Total Assets was €20,790 Mil.
Property, Plant and Equipment(Net PPE) was €1,255 Mil.
Depreciation, Depletion and Amortization(DDA) was €110 Mil.
Selling, General, & Admin. Expense(SGA) was €286 Mil.
Total Current Liabilities was €16,749 Mil.
Long-Term Debt & Capital Lease Obligation was €982 Mil.
Net Income was €-2,608 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €-77 Mil.
Total Receivables was €5,712 Mil.
Revenue was €5,686 Mil.
Gross Profit was €-68 Mil.
Total Current Assets was €16,320 Mil.
Total Assets was €25,643 Mil.
Property, Plant and Equipment(Net PPE) was €1,657 Mil.
Depreciation, Depletion and Amortization(DDA) was €139 Mil.
Selling, General, & Admin. Expense(SGA) was €497 Mil.
Total Current Liabilities was €17,977 Mil.
Long-Term Debt & Capital Lease Obligation was €1,392 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)
=(5243.588 / 3377.979) / (5712.444 / 5685.624)
=1.552286 / 1.004717
=1.545

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)
=(-68.364 / 5685.624) / (-594.888 / 3377.979)
=-0.012024 / -0.176108
=0.0683

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 - (13251.714 + 1254.64) / 20789.825) / (1 - (16320.269 + 1657.451) / 25642.896)
=0.302238 / 0.29892
=1.0111

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
=3377.979 / 5685.624
=0.5941

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))
=(138.624 / (138.624 + 1657.451)) / (110.301 / (110.301 + 1254.64))
=0.077182 / 0.08081
=0.9551

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)
=(285.905 / 3377.979) / (496.991 / 5685.624)
=0.084638 / 0.087412
=0.9683

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)
=((981.784 + 16748.877) / 20789.825) / ((1391.873 + 17977.021) / 25642.896)
=0.852853 / 0.755332
=1.1291

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
=(-2608.358 - 0 - -77.339) / 20789.825
=-0.121743

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.

Agile Group Holdings has a M-score of -3.44 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 -3.38 mean?
Agile Group Holdings (STU:A8P) has a Beneish M-Score of -3.38 as of Jul. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Agile Group Holdings and its competitors. According to the industry distribution chart, Agile Group Holdings ranks #149 out of 1683 companies in the Real Estate industry, placing it in the top 8.9%.
Is Agile Group Holdings' Beneish M-Score too high?
Agile Group Holdings' current Beneish M-Score is -3.38. Based on the distribution chart, Agile Group Holdings ranks #149 out of 1683 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Agile Group Holdings has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Agile Group Holdings' Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Agile Group Holdings ranks #149 out of 1683 companies for Beneish M-Score. This places Agile Group Holdings in the top 9% 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 Agile Group Holdings and its competitors. Agile Group Holdings's current Beneish M-Score is -3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Agile Group Holdings stock overvalued right now?
Agile Group Holdings (STU:A8P) has a current Beneish M-Score of -3.38. The stock's GF Value™ is €0.03, compared to a current price of €0.02 — trading 48.3% below its estimated fair value. The current Beneish M-Score is -3.38. Agile Group Holdings' overall GF Score™ is 38/100 with 5 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 Agile Group Holdings (STU:A8P), the current Beneish M-Score is -3.38 as of Jul. 25, 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 Agile Group Holdings (STU:A8P) Overvalued in 2026?

Based on GuruFocus' analysis, Agile Group Holdings stock appears to be undervalued. The current stock price of €0.02 is trading 48.3% below its estimated GF Value™ of €0.03.

Key valuation signals for STU:A8P:

  • Beneish M-Score: -3.38
  • GF Value™: €0.03 vs. price of €0.02 (48.3% below fair value)
  • GF Score™: 38/100 with 5 warning signs

No single metric tells the full story. See the STU:A8P stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Agile Group Holdings Business Description

Other Exchanges 03383:Hong Kong
Address 26 Huaxia Road, 33rd Floor, Agile Center, Zhujiang New Town, Tianhe District, Guangdong Province, Guangzhou, CHN, 510623
Agile Group Holdings Ltd is a investment holding company and is engaged in the businesses of property development, property management and others. It operates into three segments: Property development segment mainly comprises the business units involved in development and sales of properties. Property management segment mainly comprises the business units involved in property management business and city sanitation and cleaning services operated by A-Living. Others mainly comprise the business units involved in provision of property construction services, ecological landscaping services, intelligent home and decoration services, environmental protection service and commercial management services. Key revenue is generated from property management.
38GF Score

Get the complete analysis for STU:A8P

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

€0.02
Price
€0.03
GF Value