Empresa General de Inversiones (XPTY:EGIN) Beneish M-Score: -2.54 (As of Jul. 05, 2026)


XPTY:EGIN Empresa General de Inversiones SA XPTY:EGIN
69 GF Score
Price $200.00
GF Value $140.80
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Empresa General de Inversiones Beneish M-Score?

Empresa General de Inversiones XPTY:EGIN 69 Beneish M-Score is -2.54 as of Jul. 05, 2026. GuruFocus rates XPTY:EGIN with a GF Score™ of 69/100 and a GF Value™ of $140.80 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,397 Banks companies, Empresa General de Inversiones ranks better than 75.59% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.54 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Empresa General de Inversiones's Beneish M-Score or its related term are showing as below:

XPTY:EGIN' s Beneish M-Score Range Over the Past 10 Years
Min: -2.83   Med: -2.48   Max: -2.37
Current: -2.54

During the past 13 years, the highest Beneish M-Score of Empresa General de Inversiones was -2.37. The lowest was -2.83. And the median was -2.48.

XPTY:EGIN
69GF Score
Empresa General de Inversiones SA XPTY:EGIN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Empresa General de Inversiones 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 Empresa General de Inversiones 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+0.528 * 1+0.404 * 1.0009+0.892 * 1.0886+0.115 * 0.9572
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1+4.679 * -0.037574-0.327 * 0.8784
=-2.54

* 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 Mil.
Revenue was $1,537 Mil.
Gross Profit was $1,537 Mil.
Total Current Assets was $0 Mil.
Total Assets was $21,716 Mil.
Property, Plant and Equipment(Net PPE) was $417 Mil.
Depreciation, Depletion and Amortization(DDA) was $63 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $1,194 Mil.
Net Income was $572 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $1,388 Mil.
 Total Receivables was $0 Mil.
Revenue was $1,412 Mil.
Gross Profit was $1,412 Mil.
Total Current Assets was $0 Mil.
Total Assets was $20,261 Mil.
Property, Plant and Equipment(Net PPE) was $407 Mil.
Depreciation, Depletion and Amortization(DDA) was $59 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $0 Mil.
Long-Term Debt & Capital Lease Obligation was $1,268 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 / 1536.596) / (0 / 1411.598)
=0 / 0
=1

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)
=(1411.598 / 1411.598) / (1536.596 / 1536.596)
=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 - (0 + 416.884) / 21715.862) / (1 - (0 + 406.629) / 20261.333)
=0.980803 / 0.979931
=1.0009

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
=1536.596 / 1411.598
=1.0886

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))
=(58.604 / (58.604 + 406.629)) / (63.178 / (63.178 + 416.884))
=0.125967 / 0.131604
=0.9572

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 / 1536.596) / (0 / 1411.598)
=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)
=((1193.504 + 0) / 21715.862) / ((1267.696 + 0) / 20261.333)
=0.05496 / 0.062567
=0.8784

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
=(571.942 - 0 - 1387.883) / 21715.862
=-0.037574

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.

Empresa General de Inversiones has a M-score of -2.54 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 -2.54 mean?
Empresa General de Inversiones (XPTY:EGIN) has a Beneish M-Score of -2.54 as of Jul. 05, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Empresa General de Inversiones and its competitors. According to the industry distribution chart, Empresa General de Inversiones ranks #341 out of 1397 companies in the Banks industry, placing it in the top 24.4%.
Is Empresa General de Inversiones' Beneish M-Score too high?
Empresa General de Inversiones' current Beneish M-Score is -2.54. Based on the distribution chart, Empresa General de Inversiones ranks #341 out of 1397 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Empresa General de Inversiones has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Empresa General de Inversiones' Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Empresa General de Inversiones ranks #341 out of 1397 companies for Beneish M-Score. This places Empresa General de Inversiones in the top 24% of its industry — outperforming the majority of peers. 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Empresa General de Inversiones and its competitors. Empresa General de Inversiones's current Beneish M-Score is -2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Empresa General de Inversiones stock overvalued right now?
Based on GuruFocus' analysis, Empresa General de Inversiones (XPTY:EGIN) is currently considered Significantly Overvalued. The stock's GF Value™ is $140.80, compared to a current price of $200.00 — trading 42% above its estimated fair value. The current Beneish M-Score is -2.54. Empresa General de Inversiones' overall GF Score™ is 69/100 with 6 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 Empresa General de Inversiones (XPTY:EGIN), the current Beneish M-Score is -2.54 as of Jul. 05, 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 Empresa General de Inversiones (XPTY:EGIN) Overvalued in 2026?

Based on GuruFocus' analysis, Empresa General de Inversiones stock appears to be overvalued. The current stock price of $200.00 is trading 42% above its estimated GF Value™ of $140.80. GuruFocus considers Empresa General de Inversiones to be Significantly Overvalued.

Key valuation signals for XPTY:EGIN:

  • Beneish M-Score: -2.54
  • GF Value™: $140.80 vs. price of $200.00 (42% above fair value)
  • GF Score™: 69/100 with 6 warning signs

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

Empresa General de Inversiones Business Description

Address Building Torre Banco General, Aquilino de la, Guardia Street to 5th Avenue South B, Section 4592 Marbella, Panama, PAN, 5
Empresa General de Inversiones SA is engaged in the provision of banking and insurance services to individual and corporate customers. The company offers mortgage, commercial, consumer, and corporate loans; fixed term deposits; and consumer and corporate banking services. The company has five segments Banking and Financial Activities, Insurance and Reinsurance, Pension and Unemployment Funds, Petroleum, Share Holder, and the majority of its revenue is generated from Banking and Financial Activities.
69GF Score

Get the complete analysis for XPTY:EGIN

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

$200.00
Price
$140.80
GF Value