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 Creative Technology's Beneish M-Score or its related term are showing as below:
STU:CTL'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.67 Med: -2.47 Max: -1.77
Current: -1.99
During the past 13 years, the highest Beneish M-Score of Creative Technology was -1.77. The lowest was -3.67. And the median was -2.47.
Creative Technology Beneish M-Score Related Terms
Creative Technology Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Creative Technology'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.
STU:CTL vs DELL, SNDK, ANET: Beneish M-Score Comparison
For the Computer Hardware subindustry, Creative Technology'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.
Creative Technology Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Creative Technology's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Creative Technology'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 Creative Technology 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 * 1.0921
+
0.528 * 1.0818
+
0.404 * 1.5616
+
0.892 * 1.0025
+
0.115 * 0.7335
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9229
+
4.679 * 0.016947
-
0.327 * 0.8124
=
-2.00
* 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))
=
(1.334 / (1.334 + 1.919))
/
(1.079 / (1.079 + 0.851))
=
0.410083
/
0.559067
=
0.7335
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
=
(-9.055 - 0
-
-10.002)
/
55.881
=
0.016947
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.
Creative Technology has a M-score of -2.00 suggests that the company is unlikely to be a manipulator.
Creative Technology (STU:CTL) has a Beneish M-Score of -1.99 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Creative Technology and its competitors. According to the industry distribution chart, Creative Technology ranks #1888 out of 2403 companies in the Hardware industry, placing it in the top 78.6%.
Is Creative Technology's Beneish M-Score too high?
Creative Technology's current Beneish M-Score is -1.99. Based on the distribution chart, Creative Technology ranks #1888 out of 2403 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Creative Technology has a GF Score™ of 38/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Creative Technology's Beneish M-Score compare to DELL and SNDK?
According to the Hardware industry distribution chart, Creative Technology ranks #1888 out of 2403 companies for Beneish M-Score. This places Creative Technology 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Creative Technology and its competitors. Creative Technology'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 Creative Technology stock overvalued right now?
Based on GuruFocus' analysis, Creative Technology (STU:CTL) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.67, compared to a current price of €0.52 — trading 22.4% below its estimated fair value. The current Beneish M-Score is -1.99. Creative Technology's overall GF Score™ is 38/100 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 Creative Technology (STU:CTL), the current Beneish M-Score is -1.99 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.
Is Creative Technology (STU:CTL) Overvalued in 2026?
Based on GuruFocus' analysis, Creative Technology stock appears to be undervalued.
The current stock price of €0.52 is trading 22.4% below its estimated GF Value™ of €0.67.
GuruFocus considers Creative Technology to be Modestly Undervalued.
Key valuation signals for STU:CTL:
Beneish M-Score: -1.99
GF Value™: €0.67 vs. price of €0.52 (22.4% below fair value)
No single metric tells the full story. See the STU:CTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Creative Technology Ltd is a digital entertainment company specializing in the design, manufacturing, and distribution of multimedia products. The company's portfolio includes digitized sound and video boards, computers, and personal digital entertainment devices. Their product range features technologies such as Super X-Fi and Sound Blaster, encompassing internal sound cards, external USB DACs and amplifiers, gaming headsets, computer speakers, Bluetooth speakers, headphones, and various accessories. It also offers comprehensive work solutions, including webcams, USB dongles, communication devices, and high-resolution DACs. The company operates across Singapore, the United States of America, Asia Pacific, Ireland, and Europe, with Europe contributing the majority of its revenue.
38GF 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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