Ubisoft Entertainment (WBO:UBIS) Beneish M-Score: -4.73 (As of Jun. 25, 2026)


WBO:UBIS Ubisoft Entertainment WBO:UBIS
49 GF Score
Price €5.05
GF Value €8.51
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Ubisoft Entertainment Beneish M-Score?

Ubisoft Entertainment WBO:UBIS -4.86% 49 Beneish M-Score is -4.73 as of Jun. 25, 2026. GuruFocus rates WBO:UBIS with a GF Score™ of 49/100 and a GF Value™ of €8.51 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 532 Interactive Media companies, Ubisoft Entertainment ranks better than 91.73% 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 -4.73 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

WBO:UBIS' s Beneish M-Score Range Over the Past 10 Years
Min: -4.73   Med: -3.51   Max: -0.81
Current: -4.73

During the past 13 years, the highest Beneish M-Score of Ubisoft Entertainment was -0.81. The lowest was -4.73. And the median was -3.51.

Ubisoft Entertainment Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Ubisoft Entertainment'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.

Ubisoft Entertainment Beneish M-Score Chart

Ubisoft Entertainment Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.83 -4.14 -0.81 -4.08 -4.73

Ubisoft Entertainment Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -0.81 0.00 -4.08 0.00 -4.73

WBO:UBIS vs NTES, EA, TTWO: Beneish M-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Ubisoft Entertainment'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.

Ubisoft Entertainment Beneish M-Score vs Interactive Media Industry

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

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


WBO:UBIS
49GF Score
Ubisoft Entertainment WBO:UBIS
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ubisoft Entertainment 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 Ubisoft Entertainment 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 * 1.1736+0.528 * 1.006+0.404 * 0.7184+0.892 * 0.7818+0.115 * 1.014
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0852+4.679 * -0.44494-0.327 * 1.0351
=-4.73

* 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 €454 Mil.
Revenue was €1,396 Mil.
Gross Profit was €1,230 Mil.
Total Current Assets was €1,852 Mil.
Total Assets was €3,946 Mil.
Property, Plant and Equipment(Net PPE) was €352 Mil.
Depreciation, Depletion and Amortization(DDA) was €1,589 Mil.
Selling, General, & Admin. Expense(SGA) was €556 Mil.
Total Current Liabilities was €725 Mil.
Long-Term Debt & Capital Lease Obligation was €1,729 Mil.
Net Income was €-1,475 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €280 Mil.
 Total Receivables was €495 Mil.
Revenue was €1,785 Mil.
Gross Profit was €1,583 Mil.
Total Current Assets was €1,668 Mil.
Total Assets was €4,700 Mil.
Property, Plant and Equipment(Net PPE) was €146 Mil.
Depreciation, Depletion and Amortization(DDA) was €711 Mil.
Selling, General, & Admin. Expense(SGA) was €656 Mil.
Total Current Liabilities was €990 Mil.
Long-Term Debt & Capital Lease Obligation was €1,834 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)
=(453.9 / 1395.7) / (494.7 / 1785.3)
=0.325213 / 0.277096
=1.1736

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)
=(1582.6 / 1785.3) / (1229.9 / 1395.7)
=0.886462 / 0.881207
=1.006

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 - (1852.4 + 352.3) / 3945.7) / (1 - (1667.5 + 145.6) / 4699.9)
=0.44124 / 0.614226
=0.7184

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
=1395.7 / 1785.3
=0.7818

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))
=(710.7 / (710.7 + 145.6)) / (1588.9 / (1588.9 + 352.3))
=0.829966 / 0.818514
=1.014

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)
=(556.2 / 1395.7) / (655.6 / 1785.3)
=0.39851 / 0.367221
=1.0852

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)
=((1729.2 + 725.3) / 3945.7) / ((1834.3 + 990.2) / 4699.9)
=0.62207 / 0.60097
=1.0351

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
=(-1475.2 - 0 - 280.4) / 3945.7
=-0.44494

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.

Ubisoft Entertainment has a M-score of -4.73 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 -4.73 mean?
Ubisoft Entertainment (WBO:UBIS) has a Beneish M-Score of -4.73 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Ubisoft Entertainment and its competitors. According to the industry distribution chart, Ubisoft Entertainment ranks #44 out of 532 companies in the Interactive Media industry, placing it in the top 8.3%.
Is Ubisoft Entertainment's Beneish M-Score too high?
Ubisoft Entertainment's current Beneish M-Score is -4.73. Based on the distribution chart, Ubisoft Entertainment ranks #44 out of 532 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Ubisoft Entertainment has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ubisoft Entertainment's Beneish M-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Ubisoft Entertainment ranks #44 out of 532 companies for Beneish M-Score. This places Ubisoft Entertainment in the top 8% 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 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 Ubisoft Entertainment and its competitors. Ubisoft Entertainment's current Beneish M-Score is -4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ubisoft Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Ubisoft Entertainment (WBO:UBIS) is currently considered Possible Value Trap. The stock's GF Value™ is €8.51, compared to a current price of €5.05 — trading 40.7% below its estimated fair value. The current Beneish M-Score is -4.73. Ubisoft Entertainment's overall GF Score™ is 49/100 with 5 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 Ubisoft Entertainment (WBO:UBIS), the current Beneish M-Score is -4.73 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 Ubisoft Entertainment (WBO:UBIS) Overvalued in 2026?

Based on GuruFocus' analysis, Ubisoft Entertainment stock appears to be undervalued. The current stock price of €5.05 is trading 40.7% below its estimated GF Value™ of €8.51. GuruFocus considers Ubisoft Entertainment to be Possible Value Trap.

Key valuation signals for WBO:UBIS:

  • Beneish M-Score: -4.73
  • GF Value™: €8.51 vs. price of €5.05 (40.7% below fair value)
  • GF Score™: 49/100 with 5 warning signs

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

Ubisoft Entertainment Business Description

Address 2, Avenue Pasteur, Saint-Mande, FRA, 94160
Ubisoft develops and publishes top-quality video games for play on gaming consoles, PCs, and mobile devices. Its major franchises include Assassin's Creed, Rainbow Six, Far Cry, Just Dance, The Crew, and Skull & Bones. It also has a license to release games under the Star Wars and Avatar banners, as well as use the Tom Clancy name. The firm also holds the game streaming rights to Activision's existing catalog and any games it develops through 2038. Typically, over 40% of the firm's sales come from North America, and 35% from Europe.
49GF Score

Get the complete analysis for WBO:UBIS

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

€5.05
Price
€8.51
GF Value