Synergie SE (XPAR:SDG) Beneish M-Score: -2.58 (As of Jul. 14, 2026)

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XPAR:SDG Synergie SE XPAR:SDG
87 GF Score
Price €28.20
GF Value €36.23
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Synergie SE Beneish M-Score?

Synergie SE XPAR:SDG +0.71% 87 Beneish M-Score is -2.58 as of Jul. 14, 2026. GuruFocus rates XPAR:SDG with a GF Score™ of 87/100 and a GF Value™ of €36.23 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,020 Business Services companies, Synergie SE ranks better than 53.14% 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 -2.58 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XPAR:SDG' s Beneish M-Score Range Over the Past 10 Years
Min: -3.03   Med: -2.59   Max: -1.86
Current: -2.58

During the past 13 years, the highest Beneish M-Score of Synergie SE was -1.86. The lowest was -3.03. And the median was -2.59.


Synergie SE Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Synergie SE'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.

Synergie SE Beneish M-Score Chart

Synergie SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.67 -2.93 -2.59 -2.43 -2.58

Synergie SE Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 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 -2.59 0.00 -2.43 0.00 -2.58

XPAR:SDG vs KFY, RHI, TNET: Beneish M-Score Comparison

For the Staffing & Employment Services subindustry, Synergie SE'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.


Synergie SE Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Synergie SE's Beneish M-Score distribution charts can be found below:

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


XPAR:SDG
87GF Score
Synergie SE XPAR:SDG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Synergie SE 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 Synergie SE 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 * 1.0513+0.528 * 1.0053+0.404 * 0.9299+0.892 * 1.0177+0.115 * 0.9391
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.024731-0.327 * 1.0389
=-2.58

* 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 €811 Mil.
Revenue was €3,241 Mil.
Gross Profit was €933 Mil.
Total Current Assets was €1,257 Mil.
Total Assets was €1,572 Mil.
Property, Plant and Equipment(Net PPE) was €140 Mil.
Depreciation, Depletion and Amortization(DDA) was €37 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €724 Mil.
Long-Term Debt & Capital Lease Obligation was €66 Mil.
Net Income was €54 Mil.
Gross Profit was €0 Mil.
Cash Flow from Operations was €93 Mil.
Total Receivables was €758 Mil.
Revenue was €3,185 Mil.
Gross Profit was €922 Mil.
Total Current Assets was €1,177 Mil.
Total Assets was €1,488 Mil.
Property, Plant and Equipment(Net PPE) was €133 Mil.
Depreciation, Depletion and Amortization(DDA) was €33 Mil.
Selling, General, & Admin. Expense(SGA) was €0 Mil.
Total Current Liabilities was €655 Mil.
Long-Term Debt & Capital Lease Obligation was €65 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)
=(811.135 / 3241.167) / (758.197 / 3184.936)
=0.25026 / 0.238057
=1.0513

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)
=(921.514 / 3184.936) / (932.83 / 3241.167)
=0.289335 / 0.287807
=1.0053

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 - (1256.814 + 139.744) / 1571.664) / (1 - (1176.531 + 132.854) / 1487.632)
=0.111414 / 0.119819
=0.9299

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
=3241.167 / 3184.936
=1.0177

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))
=(32.594 / (32.594 + 132.854)) / (37.099 / (37.099 + 139.744))
=0.197004 / 0.209785
=0.9391

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 / 3241.167) / (0 / 3184.936)
=0 / 0
=1

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)
=((66.474 + 724.103) / 1571.664) / ((64.834 + 655.437) / 1487.632)
=0.503019 / 0.484173
=1.0389

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
=(54.215 - 0 - 93.084) / 1571.664
=-0.024731

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.

Synergie SE has a M-score of -2.58 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 -2.58 mean?
Synergie SE (XPAR:SDG) has a Beneish M-Score of -2.58 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Synergie SE and its competitors. According to the industry distribution chart, Synergie SE ranks #478 out of 1020 companies in the Business Services industry, placing it in the top 46.9%.
Is Synergie SE's Beneish M-Score too high?
Synergie SE's current Beneish M-Score is -2.58. Based on the distribution chart, Synergie SE ranks #478 out of 1020 companies in the Business Services industry, which is above the industry midpoint. Overall, Synergie SE has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Synergie SE's Beneish M-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, Synergie SE ranks #478 out of 1020 companies for Beneish M-Score. This puts Synergie SE 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 a Business Services company?
A good Beneish M-Score depends on the Business 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 Synergie SE and its competitors. Synergie SE's current Beneish M-Score is -2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synergie SE stock overvalued right now?
Based on GuruFocus' analysis, Synergie SE (XPAR:SDG) is currently considered Modestly Undervalued. The stock's GF Value™ is €36.23, compared to a current price of €28.20 — trading 22.2% below its estimated fair value. The current Beneish M-Score is -2.58. Synergie SE's overall GF Score™ is 87/100 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 Synergie SE (XPAR:SDG), the current Beneish M-Score is -2.58 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.

Is Synergie SE (XPAR:SDG) Overvalued in 2026?

Based on GuruFocus' analysis, Synergie SE stock appears to be undervalued. The current stock price of €28.20 is trading 22.2% below its estimated GF Value™ of €36.23. GuruFocus considers Synergie SE to be Modestly Undervalued.

Key valuation signals for XPAR:SDG:

  • Beneish M-Score: -2.58
  • GF Value™: €36.23 vs. price of €28.20 (22.2% below fair value)
  • GF Score™: 87/100 with 2 warning signs

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


Synergie SE Business Description

Other Exchanges 0HDQ:UKYSY:Germany
Address 11 Avenue du Colonel Bonnet, Paris, FRA, 75016
Synergie SE is a French company which is engaged in providing companies and institutions with global human resources management and development services including recruitment, temporary employment, training and consultancy, out-placement and social engineering. The company serves its customer in tertiary sectors, cutting-edge industries such as aeronautics and renewable energy, construction and public works, market research, retail, services and new information and communications technologies. The company's revenue comprises billing or human resources management services. It provides its services in France, Belgium, Italy, Spain, Portugal, Canada, and Australia. The majority of the company's revenue comes from France.
87GF Score

Get the complete analysis for XPAR:SDG

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

€28.20
Price
€36.23
GF Value