Nanoco GroupSTU:GXG -6.06% Beneish M-Score is -2.79 as of Jun. 26, 2026. Among 987 Semiconductors companies, Nanoco Group ranks better than 72.44% 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 -2.79 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Nanoco Group's Beneish M-Score or its related term are showing as below:
STU:GXG'
s Beneish M-Score Range Over the Past 10 Years
Min: -10.67 Med: -2.76 Max: 10.4
Current: -2.79
During the past 13 years, the highest Beneish M-Score of Nanoco Group was 10.40. The lowest was -10.67. And the median was -2.76.
Nanoco Group Beneish M-Score Related Terms
Nanoco Group Beneish M-Score Historical Data
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The historical data trend for Nanoco Group'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:GXG vs LRCX, AMAT, KLAC: Beneish M-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Nanoco Group'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.
Nanoco Group Beneish M-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nanoco Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nanoco Group'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 Nanoco Group 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 * 0.3518
+
0.528 * 0.9215
+
0.404 * 0.9042
+
0.892 * 0.9431
+
0.115 * 0.6727
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.2396
+
4.679 * 0.125743
-
0.327 * 1.3621
=
-2.82
* 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))
=
(1.233 / (1.233 + 4.555))
/
(1.578 / (1.578 + 3.405))
=
0.213027
/
0.316677
=
0.6727
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
=
(-2.541 - 0
-
-5.628)
/
24.55
=
0.125743
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.
Nanoco Group has a M-score of -2.82 suggests that the company is unlikely to be a manipulator.
Nanoco Group (STU:GXG) has a Beneish M-Score of -2.79 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nanoco Group and its competitors. According to the industry distribution chart, Nanoco Group ranks #272 out of 987 companies in the Semiconductors industry, placing it in the top 27.6%.
Is Nanoco Group's Beneish M-Score too high?
Nanoco Group's current Beneish M-Score is -2.79. Based on the distribution chart, Nanoco Group ranks #272 out of 987 companies in the Semiconductors industry, which is above the industry midpoint.
How does Nanoco Group's Beneish M-Score compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Nanoco Group ranks #272 out of 987 companies for Beneish M-Score. This puts Nanoco Group in the upper 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 Semiconductors company?
A good Beneish M-Score depends on the Semiconductors 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 Nanoco Group and its competitors. Nanoco Group's current Beneish M-Score is -2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanoco Group stock overvalued right now?
Based on GuruFocus' analysis, Nanoco Group (STU:GXG) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.30, compared to a current price of €0.03 — trading 89.7% below its estimated fair value. The current Beneish M-Score is -2.79. 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 Nanoco Group (STU:GXG), the current Beneish M-Score is -2.79 as of Jun. 26, 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.
Nanoco Group PLC is a UK-based company which is engaged in research, development, and manufacturing of heavy-metal-free quantum dots and semiconductor nanoparticles. Its products include CFQD quantum dots, Heatwave quantum dots, and nanoparticles which offer the potential for display, lighting, solar and biological imaging applications. The company's revenue comes from joint development agreements, individual project development programs and the sale of quantum dot products. Geographically, the company generates majority of its revenue from its business in South Korea and also has its presence in Taiwan, France, United States, United Kingdom, Japan and other countries.
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