City Service SEWAR:CTS 79 Beneish M-Score is -2.48 as of Jun. 25, 2026. GuruFocus rates WAR:CTS with a GF Score™ of 79/100 and a GF Value™ of zł6.76 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,682 Real Estate companies, City Service SE ranks better than 58.44% 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 -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for City Service SE's Beneish M-Score or its related term are showing as below:
WAR:CTS'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.84 Med: -2.73 Max: -1.69
Current: -2.48
During the past 13 years, the highest Beneish M-Score of City Service SE was -1.69. The lowest was -3.84. And the median was -2.73.
City Service SE Beneish M-Score Related Terms
City Service SE Beneish M-Score Historical Data
* Premium members only.
The historical data trend for City Service SE'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, City Service SE'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.
City Service SE Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, City Service SE's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where City Service SE'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 City Service SE 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 * 0.8191
+
0.528 * 0.9932
+
0.404 * 1.1665
+
0.892 * 1.1246
+
0.115 * 0.9659
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9294
+
4.679 * 0.007321
-
0.327 * 0.9658
=
-2.42
* 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))
=
(7.844 / (7.844 + 12.458))
/
(10.413 / (10.413 + 15.62))
=
0.386366
/
0.399992
=
0.9659
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
=
(40.343 - 0
-
37.14)
/
437.513
=
0.007321
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.
City Service SE has a M-score of -2.42 suggests that the company is unlikely to be a manipulator.
City Service SE (WAR:CTS) has a Beneish M-Score of -2.48 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on City Service SE and its competitors. According to the industry distribution chart, City Service SE ranks #699 out of 1682 companies in the Real Estate industry, placing it in the top 41.6%.
Is City Service SE's Beneish M-Score too high?
City Service SE's current Beneish M-Score is -2.48. Based on the distribution chart, City Service SE ranks #699 out of 1682 companies in the Real Estate industry, which is above the industry midpoint. Overall, City Service SE has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does City Service SE's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, City Service SE ranks #699 out of 1682 companies for Beneish M-Score. This puts City Service SE 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 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 City Service SE and its competitors. City Service SE's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is City Service SE stock overvalued right now?
Based on GuruFocus' analysis, City Service SE (WAR:CTS) is currently considered Fairly Valued. The stock's GF Value™ is zł6.76, compared to a current price of zł6.20 — trading 8.3% below its estimated fair value. The current Beneish M-Score is -2.48. City Service SE's overall GF Score™ is 79/100 with 2 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 City Service SE (WAR:CTS), the current Beneish M-Score is -2.48 as of Jun. 25, 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 City Service SE (WAR:CTS) Overvalued in 2026?
Based on GuruFocus' analysis, City Service SE stock appears to be undervalued.
The current stock price of zł6.20 is trading 8.3% below its estimated GF Value™ of zł6.76.
GuruFocus considers City Service SE to be Fairly Valued.
Key valuation signals for WAR:CTS:
Beneish M-Score: -2.48
GF Value™: zł6.76 vs. price of zł6.20 (8.3% below fair value)
No single metric tells the full story. See the WAR:CTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
City Service SE is a holding company. The company controls a group engaged in the provision of facility management and integrated utility services in Western, Central, and Eastern Europe. The principal areas of company activities include Apartment building administration, Commercial facility management, Territory cleaning & Maintenance, and Other activities. The Group is organized into business units based on services provided and has one main reportable segment: Buildings' administration, which includes services of administration and maintenance of commercial and residential buildings. Geographically, the company provides its services in Lithuania, which is its key revenue-generating market, and Latvia.
79GF Score
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