Zambal Spain SOCIMI (XMAD:YZBL) Beneish M-Score: 0.00 (As of Jul. 14, 2026)

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Zambal Spain SOCIMI SA XMAD:YZBL

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What is Zambal Spain SOCIMI Beneish M-Score?

Zambal Spain SOCIMI XMAD:YZBL 4 Beneish M-Score is 0.00 as of Jul. 14, 2026. GuruFocus rates XMAD:YZBL with a GF Score™ of 4/100.

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.

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

During the past 8 years, the highest Beneish M-Score of Zambal Spain SOCIMI was 0.00. The lowest was 0.00. And the median was 0.00.

Zambal Spain SOCIMI Beneish M-Score Related Terms

Zambal Spain SOCIMI Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Zambal Spain SOCIMI'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.

Zambal Spain SOCIMI Beneish M-Score Chart

Zambal Spain SOCIMI Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-2.15

-2.34

-2.08

-2.62

0.00

Zambal Spain SOCIMI Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Beneish M-Score	Get a 7-Day Free Trial											-2.08	0.00	-2.62	0.00	0.00

XMAD:YZBL vs VICI, WPC, STOR: Beneish M-Score Comparison

For the REIT - Diversified subindustry, Zambal Spain SOCIMI'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.

Zambal Spain SOCIMI Beneish M-Score vs REITs Industry

For the REITs industry and Real Estate sector, Zambal Spain SOCIMI's Beneish M-Score distribution charts can be found below:

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

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Zambal Spain SOCIMI SA XMAD:YZBL

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Zambal Spain SOCIMI 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 Zambal Spain SOCIMI for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.6405

0.528 * 1

0.404 * 1.0432

0.892 * 1.0341

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9961

4.679 * -0.028145

0.327 * 1.3601

-3.01

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was €3.15 Mil.
Revenue was €58.63 Mil.
Gross Profit was €58.63 Mil.
Total Current Assets was €22.09 Mil.
Total Assets was €868.83 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €14.46 Mil.
Selling, General, & Admin. Expense(SGA) was €5.44 Mil.
Total Current Liabilities was €61.70 Mil.
Long-Term Debt & Capital Lease Obligation was €25.68 Mil.
Net Income was €25.77 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €50.22 Mil.

Total Receivables was €4.76 Mil.
Revenue was €56.70 Mil.
Gross Profit was €56.70 Mil.
Total Current Assets was €55.29 Mil.
Total Assets was €840.75 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €14.68 Mil.
Selling, General, & Admin. Expense(SGA) was €5.28 Mil.
Total Current Liabilities was €54.73 Mil.
Long-Term Debt & Capital Lease Obligation was €7.45 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)
	=	(3.153 / 58.634)	/	(4.76 / 56.699)
	=	0.053774	/	0.083952
	=	0.6405

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)
	=	(56.699 / 56.699)	/	(58.634 / 58.634)
	=	1	/	1
	=	1

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 - (22.086 + 0) / 868.831)	/	(1 - (55.291 + 0) / 840.75)
	=	0.97458	/	0.934236
	=	1.0432

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
	=	58.634	/	56.699
	=	1.0341

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))
	=	(14.68 / (14.68 + 0))	/	(14.464 / (14.464 + 0))
	=	1	/	1
	=	1

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)
	=	(5.437 / 58.634)	/	(5.278 / 56.699)
	=	0.092728	/	0.093088
	=	0.9961

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)
	=	((25.682 + 61.701) / 868.831)	/	((7.445 + 54.728) / 840.75)
	=	0.100575	/	0.073949
	=	1.3601

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
	=	(25.765 - 0	-	50.218)	/	868.831
	=	-0.028145

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.

Zambal Spain SOCIMI has a M-score of -3.01 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 0.00 mean?

Zambal Spain SOCIMI (XMAD:YZBL) has a Beneish M-Score of 0.00 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Zambal Spain SOCIMI and its competitors.

Is Zambal Spain SOCIMI's Beneish M-Score too high?

Zambal Spain SOCIMI's current Beneish M-Score is 0.00. Overall, Zambal Spain SOCIMI has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.

How does Zambal Spain SOCIMI's Beneish M-Score compare to VICI and WPC?

Zambal Spain SOCIMI's Beneish M-Score of 0.00 can be compared against companies in the REITs 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 REITs company?

A good Beneish M-Score depends on the REITs 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 Zambal Spain SOCIMI and its competitors. Zambal Spain SOCIMI's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Zambal Spain SOCIMI stock overvalued right now?

Zambal Spain SOCIMI (XMAD:YZBL) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Zambal Spain SOCIMI's overall GF Score™ is 4/100. 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 Zambal Spain SOCIMI (XMAD:YZBL), the current Beneish M-Score is 0.00 as of Jul. 14, 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.

Zambal Spain SOCIMI Business Description

Industry Real Estate REITs

Comparable Companies XMAD:YSIL XMAD:YCPS XMAD:LRE XMAD:YLFG XMAD:YMRE XMAD:YTRM XMAD:YTAN XMAD:YTRA XMAD:YVIT XMAD:YGOP VICI ASX:GMG WPC ASX:CHC ASX:ABP ASX:DXS STOR ASX:CLW LSE:LAND XPAR:COV

Address C/ Ortega y Gasset 11, 1ºDrch., Madrid, ESP, 28006

Website http://www.zambalspain.com

Zambal Spain SOCIMI SA is an investment vehicle company. The principal business activity is to invest and subsequently manage prime real estate assets in well-consolidated markets both at a geographical level (Madrid and Barcelona) and at a sectoral level (offices and high-street retail). The company also invests in other forms of assets such as nursing homes, hospitals, retail parks and logistics platforms.

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