TPG TelecomTPGTF 71 Beneish M-Score is -3.49 as of Jun. 26, 2026. GuruFocus rates TPGTF with a GF Score™ of 71/100 and a GF Value™ of $4.21 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 355 Telecommunication Services companies, TPG Telecom ranks better than 90.42% 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 -3.49 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for TPG Telecom's Beneish M-Score or its related term are showing as below:
TPGTF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.49 Med: -2.6 Max: -0.53
Current: -3.49
During the past 13 years, the highest Beneish M-Score of TPG Telecom was -0.53. The lowest was -3.49. And the median was -2.60.
TPG Telecom Beneish M-Score Related Terms
TPG Telecom Beneish M-Score Historical Data
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The historical data trend for TPG Telecom'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 Telecom Services subindustry, TPG Telecom'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.
TPG Telecom Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, TPG Telecom's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where TPG Telecom'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 TPG Telecom 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 * 0.5858
+
0.528 * 1.0904
+
0.404 * 1.001
+
0.892 * 0.9581
+
0.115 * 0.9338
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9798
+
4.679 * -0.130453
-
0.327 * 0.9602
=
-3.45
* 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))
=
(940.469 / (940.469 + 3378.087))
/
(837.209 / (837.209 + 2752.824))
=
0.217774
/
0.233204
=
0.9338
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
=
(306.312 - -41.86
-
1605.98)
/
9641.86
=
-0.130453
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.
TPG Telecom has a M-score of -3.45 suggests that the company is unlikely to be a manipulator.
TPG Telecom (TPGTF) has a Beneish M-Score of -3.49 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on TPG Telecom and its competitors. According to the industry distribution chart, TPG Telecom ranks #34 out of 355 companies in the Telecommunication Services industry, placing it in the top 9.6%.
Is TPG Telecom's Beneish M-Score too high?
TPG Telecom's current Beneish M-Score is -3.49. Based on the distribution chart, TPG Telecom ranks #34 out of 355 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, TPG Telecom has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TPG Telecom's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, TPG Telecom ranks #34 out of 355 companies for Beneish M-Score. This places TPG Telecom in the top 10% 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 TPG Telecom and its competitors. TPG Telecom's current Beneish M-Score is -3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TPG Telecom stock overvalued right now?
Based on GuruFocus' analysis, TPG Telecom (TPGTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.21, compared to a current price of $3.28 — trading 22.1% below its estimated fair value. The current Beneish M-Score is -3.49. TPG Telecom's overall GF Score™ is 71/100 with 6 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 TPG Telecom (TPGTF), the current Beneish M-Score is -3.49 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.
Is TPG Telecom (TPGTF) Overvalued in 2026?
Based on GuruFocus' analysis, TPG Telecom stock appears to be undervalued.
The current stock price of $3.28 is trading 22.1% below its estimated GF Value™ of $4.21.
GuruFocus considers TPG Telecom to be Modestly Undervalued.
Key valuation signals for TPGTF:
Beneish M-Score: -3.49
GF Value™: $4.21 vs. price of $3.28 (22.1% below fair value)
No single metric tells the full story. See the TPGTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TPG Telecom is Australia's third-largest telecom services company. It offers mobile, fixed-line broadband and telephony solutions. The group's mobile business caters to all market segments spanning consumer, small business, corporate, wholesale, and government. TPG Telecom has grown substantially since listing on the ASX in 2008, via organic growth and acquisitions, and culminated with the July 2020 Vodafone Hutchison Australia merger, the third-ranked mobile network operator in Australia. It owns an extensive stable of infrastructure assets, including a nationwide mobile network that is upgrading to 5G wireless. In July 2025, TPG sold its fiber assets for AUD 5.3 billion to Vocus.
71GF Score
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