Financiere Marjos (XPAR:FINM) Beneish M-Score: 0.00 (As of Jul. 04, 2026)


XPAR:FINM Financiere Marjos XPAR:FINM
14 GF Score
Price €1.84
! 3 Warning Signs
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What is Financiere Marjos Beneish M-Score?

Financiere Marjos XPAR:FINM +2.22% 14 Beneish M-Score is 0.00 as of Jul. 04, 2026. GuruFocus rates XPAR:FINM with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 538 Conglomerates companies, Financiere Marjos ranks worse than 185873.42% 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.

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

During the past 13 years, the highest Beneish M-Score of Financiere Marjos was 0.00. The lowest was 0.00. And the median was 0.00.

Financiere Marjos Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Financiere Marjos'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.

Financiere Marjos Beneish M-Score Chart

Financiere Marjos Annual Data
Trend Mar16 Mar17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Financiere Marjos Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 0.00

XPAR:FINM vs HON, MMM: Beneish M-Score Comparison

For the Conglomerates subindustry, Financiere Marjos'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.

Financiere Marjos Beneish M-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Financiere Marjos's Beneish M-Score distribution charts can be found below:

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


XPAR:FINM
14GF Score
Financiere Marjos XPAR:FINM
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Financiere Marjos 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 Financiere Marjos 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 €0.01 Mil.
Revenue was €0.00 Mil.
Gross Profit was €-0.19 Mil.
Total Current Assets was €0.01 Mil.
Total Assets was €0.01 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €-0.06 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.39 Mil.
Long-Term Debt & Capital Lease Obligation was €0.80 Mil.
Net Income was €-0.19 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-0.30 Mil.
 Total Receivables was €0.00 Mil.
Revenue was €0.00 Mil.
Gross Profit was €-0.14 Mil.
Total Current Assets was €0.01 Mil.
Total Assets was €0.01 Mil.
Property, Plant and Equipment(Net PPE) was €0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.05 Mil.
Selling, General, & Admin. Expense(SGA) was €0.00 Mil.
Total Current Liabilities was €0.43 Mil.
Long-Term Debt & Capital Lease Obligation was €0.50 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)
=(0.009 / 0) / (0.001 / 0)
= /
=

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)
=(-0.142 / 0) / (-0.185 / 0)
= /
=

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 - (0.009 + 0) / 0.009) / (1 - (0.005 + 0) / 0.005)
=0 / 0
=

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
=0 / 0
=

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))
=(0.054 / (0.054 + 0)) / (-0.062 / (-0.062 + 0))
=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)
=(0 / 0) / (0 / 0)
= /
=

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)
=((0.796 + 0.389) / 0.009) / ((0.498 + 0.431) / 0.005)
=131.666667 / 185.8
=

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
=(-0.19 - 0 - -0.297) / 0.009
=11.888889

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Financiere Marjos (XPAR:FINM) has a Beneish M-Score of 0.00 as of Jul. 04, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Financiere Marjos and its competitors. According to the industry distribution chart, Financiere Marjos ranks #999999 out of 538 companies in the Conglomerates industry.
Is Financiere Marjos' Beneish M-Score too high?
Financiere Marjos' current Beneish M-Score is 0.00. Based on the distribution chart, Financiere Marjos ranks #999999 out of 538 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Financiere Marjos has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Financiere Marjos' Beneish M-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Financiere Marjos ranks #999999 out of 538 companies for Beneish M-Score. This places Financiere Marjos 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 Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 Financiere Marjos and its competitors. Financiere Marjos'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 Financiere Marjos stock overvalued right now?
Financiere Marjos (XPAR:FINM) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Financiere Marjos' overall GF Score™ is 14/100 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 Financiere Marjos (XPAR:FINM), the current Beneish M-Score is 0.00 as of Jul. 04, 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.

Financiere Marjos Business Description

Address 58, avenue de Wagram, Financière Marjos, Paris, FRA, 75017
Financiere Marjos specializes in the creating, installing, acquiring, and operating, all types of manufacturing, sales, leasing, and service companies, with no limitations or restrictions, in all branches of industry and commerce. It is also engaged in financial, administrative and IT management in general and the administration of its buildings.
14GF Score

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

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