Mark2 Investment SE (XPRA:M2C) Beneish M-Score: -1.85 (As of Jul. 11, 2026)


XPRA:M2C Mark2 Corporation Investment SE XPRA:M2C
13 GF Score
Price Kč175.00
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What is Mark2 Investment SE Beneish M-Score?

Mark2 Investment SE XPRA:M2C 13 Beneish M-Score is -1.85 as of Jul. 11, 2026. GuruFocus rates XPRA:M2C with a GF Score™ of 13/100. The stock has 1 warning sign investors should review. Among 1,022 Business Services companies, Mark2 Investment SE ranks worse than 83.07% 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 -1.85 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Mark2 Investment SE's Beneish M-Score or its related term are showing as below:

XPRA:M2C' s Beneish M-Score Range Over the Past 10 Years
Min: -2.68   Med: -2.27   Max: -1.85
Current: -1.85

During the past 4 years, the highest Beneish M-Score of Mark2 Investment SE was -1.85. The lowest was -2.68. And the median was -2.27.

Mark2 Investment SE Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Mark2 Investment 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.

Mark2 Investment SE Beneish M-Score Chart

Mark2 Investment SE Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 -2.68 -1.85

Mark2 Investment SE Semi-Annual Data
Dec22 Dec23 Dec24 Dec25
Beneish M-Score 0.00 0.00 -2.68 -1.85

XPRA:M2C vs CTAS, CPRT, ULS: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Mark2 Investment 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.

Mark2 Investment SE Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Mark2 Investment SE's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Mark2 Investment SE's Beneish M-Score falls into.


XPRA:M2C
13GF Score
Mark2 Corporation Investment SE XPRA:M2C
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Mark2 Investment 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 Mark2 Investment 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 * 1.2167+0.528 * 1.046+0.404 * 0.8199+0.892 * 1.0248+0.115 * 1.1986
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * 0.084542-0.327 * 0.8768
=-1.85

* 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 Kč1,132 Mil.
Revenue was Kč4,600 Mil.
Gross Profit was Kč1,995 Mil.
Total Current Assets was Kč1,323 Mil.
Total Assets was Kč1,564 Mil.
Property, Plant and Equipment(Net PPE) was Kč107 Mil.
Depreciation, Depletion and Amortization(DDA) was Kč46 Mil.
Selling, General, & Admin. Expense(SGA) was Kč0 Mil.
Total Current Liabilities was Kč627 Mil.
Long-Term Debt & Capital Lease Obligation was Kč26 Mil.
Net Income was Kč19 Mil.
Gross Profit was Kč0 Mil.
Cash Flow from Operations was Kč-113 Mil.
 Total Receivables was Kč908 Mil.
Revenue was Kč4,489 Mil.
Gross Profit was Kč2,036 Mil.
Total Current Assets was Kč1,122 Mil.
Total Assets was Kč1,318 Mil.
Property, Plant and Equipment(Net PPE) was Kč59 Mil.
Depreciation, Depletion and Amortization(DDA) was Kč34 Mil.
Selling, General, & Admin. Expense(SGA) was Kč0 Mil.
Total Current Liabilities was Kč592 Mil.
Long-Term Debt & Capital Lease Obligation was Kč36 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)
=(1131.729 / 4600.176) / (907.721 / 4489.027)
=0.246019 / 0.202209
=1.2167

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)
=(2036.363 / 4489.027) / (1995.046 / 4600.176)
=0.453631 / 0.433689
=1.046

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 - (1323.19 + 106.929) / 1563.599) / (1 - (1121.684 + 59.465) / 1318.431)
=0.085367 / 0.104125
=0.8199

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
=4600.176 / 4489.027
=1.0248

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))
=(33.696 / (33.696 + 59.465)) / (46.215 / (46.215 + 106.929))
=0.361696 / 0.301775
=1.1986

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 / 4600.176) / (0 / 4489.027)
=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)
=((26.23 + 626.936) / 1563.599) / ((36.307 + 591.863) / 1318.431)
=0.417732 / 0.476453
=0.8768

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
=(18.788 - 0 - -113.402) / 1563.599
=0.084542

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.

Mark2 Investment SE has a M-score of -1.85 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 -1.85 mean?
Mark2 Investment SE (XPRA:M2C) has a Beneish M-Score of -1.85 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Mark2 Investment SE and its competitors. According to the industry distribution chart, Mark2 Investment SE ranks #849 out of 1022 companies in the Business Services industry, placing it in the top 83.1%.
Is Mark2 Investment SE's Beneish M-Score too high?
Mark2 Investment SE's current Beneish M-Score is -1.85. Based on the distribution chart, Mark2 Investment SE ranks #849 out of 1022 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Mark2 Investment SE has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Mark2 Investment SE's Beneish M-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Mark2 Investment SE ranks #849 out of 1022 companies for Beneish M-Score. This places Mark2 Investment SE 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 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 Mark2 Investment SE and its competitors. Mark2 Investment SE's current Beneish M-Score is -1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mark2 Investment SE stock overvalued right now?
Mark2 Investment SE (XPRA:M2C) has a current Beneish M-Score of -1.85. The current Beneish M-Score is -1.85. Mark2 Investment SE's overall GF Score™ is 13/100 with 1 warning sign 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 Mark2 Investment SE (XPRA:M2C), the current Beneish M-Score is -1.85 as of Jul. 11, 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.

Mark2 Investment SE Business Description

Address Vladislavova 17, Prague, CZE, 110 00
Mark2 Corporation Investment SE provides property management services, including cleaning, maintenance, and security. It offers solutions and new technologies to its clients in all service segments. Its services are Technology, Building maintenance, Security, Public administration, Energetics, and Construction management.
13GF Score

Get the complete analysis for XPRA:M2C

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

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