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 -3.16 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Leo Palace21's Beneish M-Score or its related term are showing as below:
STU:MQI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.55 Med: -2.55 Max: -1.81
Current: -3.16
During the past 13 years, the highest Beneish M-Score of Leo Palace21 was -1.81. The lowest was -3.55. And the median was -2.55.
Leo Palace21 Beneish M-Score Related Terms
Leo Palace21 Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Leo Palace21'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.
For the Real Estate Services subindustry, Leo Palace21'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.
Leo Palace21 Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Leo Palace21's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Leo Palace21'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 Leo Palace21 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 * 1.0529
+
0.528 * 0.8925
+
0.404 * 0.9999
+
0.892 * 0.9048
+
0.115 * 1.0498
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9933
+
4.679 * -0.133281
-
0.327 * 1.2655
=
-3.28
* 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))
=
(21.732 / (21.732 + 365.972))
/
(17.689 / (17.689 + 313.609))
=
0.056053
/
0.053393
=
1.0498
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
=
(81.402 - 0
-
209.689)
/
962.528
=
-0.133281
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.
Leo Palace21 has a M-score of -3.28 suggests that the company is unlikely to be a manipulator.
Leo Palace21 (STU:MQI) has a Beneish M-Score of -3.16 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Leo Palace21 and its competitors. According to the industry distribution chart, Leo Palace21 ranks #209 out of 1684 companies in the Real Estate industry, placing it in the top 12.4%.
Is Leo Palace21's Beneish M-Score too high?
Leo Palace21's current Beneish M-Score is -3.16. Based on the distribution chart, Leo Palace21 ranks #209 out of 1684 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Leo Palace21 has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Leo Palace21's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Leo Palace21 ranks #209 out of 1684 companies for Beneish M-Score. This places Leo Palace21 in the top 12% 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 Leo Palace21 and its competitors. Leo Palace21's current Beneish M-Score is -3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leo Palace21 stock overvalued right now?
Leo Palace21 (STU:MQI) has a current Beneish M-Score of -3.16. The stock's GF Value™ is €2.84, compared to a current price of €3.40 — trading 19.7% above its estimated fair value. The current Beneish M-Score is -3.16. Leo Palace21's overall GF Score™ is 72/100 with 1 warning sign 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 Leo Palace21 (STU:MQI), the current Beneish M-Score is -3.16 as of Jun. 28, 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 Leo Palace21 (STU:MQI) Overvalued in 2026?
Based on GuruFocus' analysis, Leo Palace21 stock appears to be overvalued.
The current stock price of €3.40 is trading 19.7% above its estimated GF Value™ of €2.84.
Key valuation signals for STU:MQI:
Beneish M-Score: -3.16
GF Value™: €2.84 vs. price of €3.40 (19.7% above fair value)
No single metric tells the full story. See the STU:MQI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leo Palace21 Corp has two core businesses: Construction, which builds apartment buildings, and Leasing, which rents and manages units in the apartments that the company builds. Upon completion, Leo Palace21 typically sells buildings to investors and then pays them a fixed rental amount for all the units in the building, whether occupied or not. LeoPalace21 then rents, manages, and maintains the units and keeps all rent from tenants as its own revenue. The company also has an Elderly Care business, which runs nursing facilities, and a Hotel & Resort business. The vast majority of LeoPalace21's revenue comes from the Leasing segment, and more than 90% of the company's revenue is generated in Japan.
72GF Score
Get the complete analysis for STU:MQI
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:MQI has been successfully added to your 
