Huuuge (WAR:HUG) Beneish M-Score: -2.72 (As of Jun. 27, 2026)


WAR:HUG Huuuge Inc WAR:HUG
81 GF Score
Price zł21.60
GF Value zł25.70
Valuation Modestly Undervalued
View Full Analysis

What is Huuuge Beneish M-Score?

Huuuge WAR:HUG +0.23% 81 Beneish M-Score is -2.72 as of Jun. 27, 2026. GuruFocus rates WAR:HUG with a GF Score™ of 81/100 and a GF Value™ of zł25.70 (Modestly Undervalued). Among 532 Interactive Media companies, Huuuge ranks better than 55.26% 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 -2.72 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

WAR:HUG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.99   Med: -2.72   Max: -1.38
Current: -2.72

During the past 9 years, the highest Beneish M-Score of Huuuge was -1.38. The lowest was -3.99. And the median was -2.72.


Huuuge Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Huuuge'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.

Huuuge Beneish M-Score Chart

Huuuge Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only -1.96 -3.30 -2.26 -2.50 -2.77

Huuuge Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.72 -2.76 -2.83 -2.77 -2.72

WAR:HUG vs NTES, EA, TTWO: Beneish M-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Huuuge'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.


Huuuge Beneish M-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Huuuge's Beneish M-Score distribution charts can be found below:

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


WAR:HUG
81GF Score
Huuuge Inc WAR:HUG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Huuuge 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 Huuuge 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 * 1.0521+0.528 * 0.9446+0.404 * 0.7843+0.892 * 0.9328+0.115 * 0.9512
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0541+4.679 * -0.0164-0.327 * 1.0512
=-2.72

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was zł92.2 Mil.
Revenue was 207.682 + 215.259 + 205.025 + 216.064 = zł844.0 Mil.
Gross Profit was 167.162 + 170.293 + 156.274 + 162.209 = zł655.9 Mil.
Total Current Assets was zł579.7 Mil.
Total Assets was zł638.2 Mil.
Property, Plant and Equipment(Net PPE) was zł17.9 Mil.
Depreciation, Depletion and Amortization(DDA) was zł30.0 Mil.
Selling, General, & Admin. Expense(SGA) was zł235.4 Mil.
Total Current Liabilities was zł72.7 Mil.
Long-Term Debt & Capital Lease Obligation was zł5.9 Mil.
Net Income was 70.553 + 77.094 + 55.296 + 63.406 = zł266.3 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = zł0.0 Mil.
Cash Flow from Operations was 70.725 + 55.678 + 57.291 + 93.122 = zł276.8 Mil.
Total Receivables was zł94.0 Mil.
Revenue was 229.263 + 226.9 + 215.884 + 232.787 = zł904.8 Mil.
Gross Profit was 172.229 + 166.956 + 157.05 + 168.026 = zł664.3 Mil.
Total Current Assets was zł723.9 Mil.
Total Assets was zł812.4 Mil.
Property, Plant and Equipment(Net PPE) was zł22.6 Mil.
Depreciation, Depletion and Amortization(DDA) was zł33.2 Mil.
Selling, General, & Admin. Expense(SGA) was zł239.4 Mil.
Total Current Liabilities was zł84.9 Mil.
Long-Term Debt & Capital Lease Obligation was zł10.2 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)
=(92.211 / 844.03) / (93.96 / 904.834)
=0.109251 / 0.103842
=1.0521

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)
=(664.261 / 904.834) / (655.938 / 844.03)
=0.734125 / 0.77715
=0.9446

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 - (579.715 + 17.921) / 638.245) / (1 - (723.941 + 22.592) / 812.444)
=0.063626 / 0.081127
=0.7843

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
=844.03 / 904.834
=0.9328

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))
=(33.23 / (33.23 + 22.592)) / (29.97 / (29.97 + 17.921))
=0.595285 / 0.625796
=0.9512

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)
=(235.353 / 844.03) / (239.353 / 904.834)
=0.278844 / 0.264527
=1.0541

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)
=((5.868 + 72.662) / 638.245) / ((10.193 + 84.898) / 812.444)
=0.123041 / 0.117043
=1.0512

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
=(266.349 - 0 - 276.816) / 638.245
=-0.0164

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.

Huuuge has a M-score of -2.72 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 -2.72 mean?
Huuuge (WAR:HUG) has a Beneish M-Score of -2.72 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Huuuge and its competitors. According to the industry distribution chart, Huuuge ranks #238 out of 532 companies in the Interactive Media industry, placing it in the top 44.7%.
Is Huuuge's Beneish M-Score too high?
Huuuge's current Beneish M-Score is -2.72. Based on the distribution chart, Huuuge ranks #238 out of 532 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Huuuge has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Huuuge's Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Huuuge ranks #238 out of 532 companies for Beneish M-Score. This puts Huuuge 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 an Interactive Media company?
A good Beneish M-Score depends on the Interactive Media 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 Huuuge and its competitors. Huuuge's current Beneish M-Score is -2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huuuge stock overvalued right now?
Based on GuruFocus' analysis, Huuuge (WAR:HUG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł25.70, compared to a current price of zł21.60 — trading 16% below its estimated fair value. The current Beneish M-Score is -2.72. Huuuge's overall GF Score™ is 81/100. 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 Huuuge (WAR:HUG), the current Beneish M-Score is -2.72 as of Jun. 27, 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 Huuuge (WAR:HUG) Overvalued in 2026?

Based on GuruFocus' analysis, Huuuge stock appears to be undervalued. The current stock price of zł21.60 is trading 16% below its estimated GF Value™ of zł25.70. GuruFocus considers Huuuge to be Modestly Undervalued.

Key valuation signals for WAR:HUG:

  • Beneish M-Score: -2.72
  • GF Value™: zł25.70 vs. price of zł21.60 (16% below fair value)
  • GF Score™: 81/100

No single metric tells the full story. See the WAR:HUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Huuuge Business Description

Other Exchanges 7EI:Germany
Address 850 New Burton Road, Suite 201, Dover, DE, USA, 19904
Huuuge Inc is engaged in the development of mobile games in the free-to-play model, and distribution and user acquisition of proprietary mobile games. It has only one operating segment, online mobile games. It derives revenue from Huuuge Casino, Billionaire Casino, Traffic Puzzle, and Other games. Geographically, it operates in North America, Europe, Asia-Pacific (APAC), and Other.
81GF Score

Get the complete analysis for WAR:HUG

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł21.60
Price
zł25.70
GF Value