RC365 Holding (STU:L2G) Beneish M-Score: -8.32 (As of Jun. 26, 2026)


What is RC365 Holding Beneish M-Score?

RC365 Holding STU:L2G +8.33% Beneish M-Score is -8.32 as of Jun. 26, 2026. The stock has 8 warning signs investors should review. Among 2,634 Software companies, RC365 Holding ranks better than 97.99% 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 -8.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for RC365 Holding's Beneish M-Score or its related term are showing as below:

STU:L2G' s Beneish M-Score Range Over the Past 10 Years
Min: -8.32   Med: -6.63   Max: -3.8
Current: -8.32

During the past 8 years, the highest Beneish M-Score of RC365 Holding was -3.80. The lowest was -8.32. And the median was -6.63.

RC365 Holding Beneish M-Score Historical Data

* Premium members only.

The historical data trend for RC365 Holding'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.

RC365 Holding Beneish M-Score Chart

RC365 Holding Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -3.80 0.00 -6.63 -8.32

RC365 Holding Semi-Annual Data
Mar18 Mar19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 -6.63 0.00 -8.32 0.00

STU:L2G vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, RC365 Holding'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.

RC365 Holding Beneish M-Score vs Software Industry

For the Software industry and Technology sector, RC365 Holding's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where RC365 Holding's Beneish M-Score falls into.


RC365 Holding 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 RC365 Holding 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 * 0.5725+0.528 * 1.1475+0.404 * 0.427+0.892 * 1.1725+0.115 * 0.8654
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -1.106966-0.327 * 1.7021
=-8.30

* 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 (Mar25) TTM:Last Year (Mar24) TTM:
Total Receivables was €0.19 Mil.
Revenue was €1.68 Mil.
Gross Profit was €1.45 Mil.
Total Current Assets was €1.93 Mil.
Total Assets was €2.63 Mil.
Property, Plant and Equipment(Net PPE) was €0.07 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.51 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €1.94 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €-4.02 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-1.11 Mil.
 Total Receivables was €0.29 Mil.
Revenue was €1.43 Mil.
Gross Profit was €1.42 Mil.
Total Current Assets was €2.91 Mil.
Total Assets was €6.93 Mil.
Property, Plant and Equipment(Net PPE) was €0.11 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.37 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €3.00 Mil.
Long-Term Debt & Capital Lease Obligation was €0.01 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)
=(0.194 / 1.679) / (0.289 / 1.432)
=0.115545 / 0.201816
=0.5725

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)
=(1.422 / 1.432) / (1.453 / 1.679)
=0.993017 / 0.865396
=1.1475

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 - (1.928 + 0.067) / 2.627) / (1 - (2.912 + 0.113) / 6.928)
=0.240579 / 0.563366
=0.427

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
=1.679 / 1.432
=1.1725

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))
=(0.367 / (0.367 + 0.113)) / (0.508 / (0.508 + 0.067))
=0.764583 / 0.883478
=0.8654

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)
=(0 / 1.679) / (0 / 1.432)
=0 / 0
=1

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 + 1.942) / 2.627) / ((0.008 + 3.001) / 6.928)
=0.739246 / 0.434324
=1.7021

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
=(-4.015 - 0 - -1.107) / 2.627
=-1.106966

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.

RC365 Holding has a M-score of -8.30 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 -8.32 mean?
RC365 Holding (STU:L2G) has a Beneish M-Score of -8.32 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on RC365 Holding and its competitors. According to the industry distribution chart, RC365 Holding ranks #53 out of 2634 companies in the Software industry, placing it in the top 2%.
Is RC365 Holding's Beneish M-Score too high?
RC365 Holding's current Beneish M-Score is -8.32. Based on the distribution chart, RC365 Holding ranks #53 out of 2634 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does RC365 Holding's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, RC365 Holding ranks #53 out of 2634 companies for Beneish M-Score. This places RC365 Holding in the top 2% 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 Software company?
A good Beneish M-Score depends on the Software 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 RC365 Holding and its competitors. RC365 Holding's current Beneish M-Score is -8.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RC365 Holding stock overvalued right now?
Based on GuruFocus' analysis, RC365 Holding (STU:L2G) is currently considered Possible Value Trap. The stock's GF Value™ is €0.03, compared to a current price of €0.01 — trading 56.7% below its estimated fair value. The current Beneish M-Score is -8.32. 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 RC365 Holding (STU:L2G), the current Beneish M-Score is -8.32 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.

RC365 Holding Business Description

Other Exchanges RCGH:UKL2G:Germany
Address 78 Cannon Street, Cannon Place, London, GBR, EC4N 6AF
RC365 Holding PLC focuses on providing IT Support and Security Services, Payment Gateway Solutions (both online and offline), Prepaid Card Issuance and Support Services, as well as Computer Graphic Design and Animation services to clients located in the ASEAN region, the UK, and Europe.