CVC Capital Partners (XAMS:CVC) Beneish M-Score: -2.29 (As of Jun. 26, 2026)


XAMS:CVC CVC Capital Partners PLC XAMS:CVC
18 GF Score
Price €12.38
! 2 Warning Signs
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What is CVC Capital Partners Beneish M-Score?

CVC Capital Partners XAMS:CVC -1.20% 18 Beneish M-Score is -2.29 as of Jun. 26, 2026. GuruFocus rates XAMS:CVC with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 954 Asset Management companies, CVC Capital Partners ranks better than 51.36% 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 -2.29 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XAMS:CVC' s Beneish M-Score Range Over the Past 10 Years
Min: -2.29   Med: -2.29   Max: -2.29
Current: -2.29

During the past 3 years, the highest Beneish M-Score of CVC Capital Partners was -2.29. The lowest was -2.29. And the median was -2.29.

CVC Capital Partners Beneish M-Score Historical Data

* Premium members only.

The historical data trend for CVC Capital Partners'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.

CVC Capital Partners Beneish M-Score Chart

CVC Capital Partners Annual Data
Trend Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.29

CVC Capital Partners Semi-Annual Data
Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -2.29

XAMS:CVC vs BLK, BX, KKR: Beneish M-Score Comparison

For the Asset Management subindustry, CVC Capital Partners'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.

CVC Capital Partners Beneish M-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, CVC Capital Partners's Beneish M-Score distribution charts can be found below:

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


XAMS:CVC
18GF Score
CVC Capital Partners PLC XAMS:CVC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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CVC Capital Partners 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 CVC Capital Partners 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 * 1.1348+0.528 * 1.0152+0.404 * 0.9538+0.892 * 1.1853+0.115 * 0.837
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 4.1366+4.679 * 0.101234-0.327 * 0.9978
=-2.29

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was €274 Mil.
Revenue was €1,851 Mil.
Gross Profit was €1,345 Mil.
Total Current Assets was €995 Mil.
Total Assets was €5,210 Mil.
Property, Plant and Equipment(Net PPE) was €190 Mil.
Depreciation, Depletion and Amortization(DDA) was €184 Mil.
Selling, General, & Admin. Expense(SGA) was €193 Mil.
Total Current Liabilities was €473 Mil.
Long-Term Debt & Capital Lease Obligation was €1,662 Mil.
Net Income was €1,183 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €656 Mil.
 Total Receivables was €203 Mil.
Revenue was €1,562 Mil.
Gross Profit was €1,152 Mil.
Total Current Assets was €822 Mil.
Total Assets was €5,267 Mil.
Property, Plant and Equipment(Net PPE) was €179 Mil.
Depreciation, Depletion and Amortization(DDA) was €125 Mil.
Selling, General, & Admin. Expense(SGA) was €39 Mil.
Total Current Liabilities was €444 Mil.
Long-Term Debt & Capital Lease Obligation was €1,719 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)
=(273.532 / 1851.413) / (203.357 / 1561.932)
=0.147742 / 0.130196
=1.1348

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)
=(1151.813 / 1561.932) / (1344.893 / 1851.413)
=0.737428 / 0.726414
=1.0152

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 - (994.697 + 189.787) / 5209.736) / (1 - (821.646 + 178.661) / 5266.754)
=0.77264 / 0.810071
=0.9538

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
=1851.413 / 1561.932
=1.1853

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))
=(125.033 / (125.033 + 178.661)) / (183.719 / (183.719 + 189.787))
=0.411707 / 0.491877
=0.837

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)
=(193.295 / 1851.413) / (39.422 / 1561.932)
=0.104404 / 0.025239
=4.1366

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)
=((1661.759 + 472.703) / 5209.736) / ((1718.668 + 443.949) / 5266.754)
=0.409706 / 0.410617
=0.9978

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
=(1183.106 - 0 - 655.705) / 5209.736
=0.101234

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.

CVC Capital Partners has a M-score of -2.29 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 -2.29 mean?
CVC Capital Partners (XAMS:CVC) has a Beneish M-Score of -2.29 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on CVC Capital Partners and its competitors. According to the industry distribution chart, CVC Capital Partners ranks #464 out of 954 companies in the Asset Management industry, placing it in the top 48.6%.
Is CVC Capital Partners' Beneish M-Score too high?
CVC Capital Partners' current Beneish M-Score is -2.29. Based on the distribution chart, CVC Capital Partners ranks #464 out of 954 companies in the Asset Management industry, which is above the industry midpoint. Overall, CVC Capital Partners has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does CVC Capital Partners' Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, CVC Capital Partners ranks #464 out of 954 companies for Beneish M-Score. This puts CVC Capital Partners 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 Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 CVC Capital Partners and its competitors. CVC Capital Partners's current Beneish M-Score is -2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CVC Capital Partners stock overvalued right now?
CVC Capital Partners (XAMS:CVC) has a current Beneish M-Score of -2.29. The current Beneish M-Score is -2.29. CVC Capital Partners' overall GF Score™ is 18/100 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 CVC Capital Partners (XAMS:CVC), the current Beneish M-Score is -2.29 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.

CVC Capital Partners Business Description

Address Level 1, IFC 1, Esplanade, St Helier, JEY, JE2 3BX
Citicorp established CVC Capital Partners in 1981 as its European venture capital business. In 1993, the senior investment team negotiated a spinout from Citicorp to form an independent firm, at which point CVC also completed its transition from venture capital into leveraged buyouts and investments in mature businesses. Over time, CVC evolved into a manager of private equity, credit, secondaries, and infrastructure funds. CVC invests most of its funds in Europe and the United States, with a smaller exposure to Asia.
18GF Score

Get the complete analysis for XAMS:CVC

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

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