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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 -2.09 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Nepal Doorsanchar Co's Beneish M-Score or its related term are showing as below:
XNEP:NTC'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.64 Med: -2.31 Max: -1.45
Current: -2.09
During the past 13 years, the highest Beneish M-Score of Nepal Doorsanchar Co was -1.45. The lowest was -2.64. And the median was -2.31.
Nepal Doorsanchar Co Beneish M-Score Related Terms
Nepal Doorsanchar Co Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Nepal Doorsanchar Co'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.
XNEP:NTC vs VZ, TMUS, T: Beneish M-Score Comparison
For the Telecom Services subindustry, Nepal Doorsanchar Co'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.
Nepal Doorsanchar Co Beneish M-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Nepal Doorsanchar Co's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Nepal Doorsanchar Co'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 Nepal Doorsanchar Co 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 * 1.3459
+
0.528 * 0.9739
+
0.404 * 1.0237
+
0.892 * 1.0314
+
0.115 * 1.0102
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5838
+
4.679 * -0.007033
-
0.327 * 0.9817
=
-2.09
* 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))
=
(7173.562 / (7173.562 + 51697.987))
/
(6638.425 / (6638.425 + 48396.731))
=
0.121851
/
0.120622
=
1.0102
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
=
(8818.095 - 0
-
9789.917)
/
138177.77
=
-0.007033
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.
Nepal Doorsanchar Co has a M-score of -2.09 suggests that the company is unlikely to be a manipulator.
Nepal Doorsanchar Co (XNEP:NTC) has a Beneish M-Score of -2.09 as of Aug. 31, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Nepal Doorsanchar Co and its competitors. According to the industry distribution chart, Nepal Doorsanchar Co ranks #301 out of 356 companies in the Telecommunication Services industry, placing it in the top 84.6%.
Is Nepal Doorsanchar Co's Beneish M-Score too high?
Nepal Doorsanchar Co's current Beneish M-Score is -2.09. Based on the distribution chart, Nepal Doorsanchar Co ranks #301 out of 356 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Nepal Doorsanchar Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nepal Doorsanchar Co's Beneish M-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Nepal Doorsanchar Co ranks #301 out of 356 companies for Beneish M-Score. This places Nepal Doorsanchar Co in the lower 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 Telecommunication Services company?
A good Beneish M-Score depends on the Telecommunication Services 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 Nepal Doorsanchar Co and its competitors. Nepal Doorsanchar Co's current Beneish M-Score is -2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nepal Doorsanchar Co stock overvalued right now?
Based on GuruFocus' analysis, Nepal Doorsanchar Co (XNEP:NTC) is currently considered Fairly Valued. The stock's GF Value™ is NPR884.73, compared to a current price of NPR875.00 — trading 1.1% below its estimated fair value. The current Beneish M-Score is -2.09. Nepal Doorsanchar Co's overall GF Score™ is 89/100 with 3 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 Nepal Doorsanchar Co (XNEP:NTC), the current Beneish M-Score is -2.09 as of Aug. 31, 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 Nepal Doorsanchar Co (XNEP:NTC) Overvalued in 2026?
Based on GuruFocus' analysis, Nepal Doorsanchar Co stock appears to be undervalued.
The current stock price of NPR875.00 is trading 1.1% below its estimated GF Value™ of NPR884.73.
GuruFocus considers Nepal Doorsanchar Co to be Fairly Valued.
Key valuation signals for XNEP:NTC:
Beneish M-Score: -2.09
GF Value™: NPR884.73 vs. price of NPR875.00 (1.1% below fair value)
No single metric tells the full story. See the XNEP:NTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nepal Doorsanchar Co Ltd is engaged in providing telecommunication services. The company's business segments are divided into Fixed Line Services, Wireless Services, Treasury, and Unallocated. The Wireless services segment includes the GSM and CDMA segments. These services cover voice and data telecom services provided through wireless technology (GSM /CDMA). Fixed Network includes all voice and data communication activities based on the fixed network and broadband technology. Treasury segment includes management of investment, cash and cash equivalent other than directly related to a reported segment. Non-operating expenses are included in the Unallocated segment. The majority of the revenue is generated from the Wireless segment.
89GF Score
Get the complete analysis for XNEP:NTC
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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