Telefonica Chile (XSGO:CTC) Beneish M-Score: -2.45 (As of Jun. 27, 2026)


XSGO:CTC Telefonica Chile SA XSGO:CTC
59 GF Score
Price CLP392.00
GF Value CLP238.26
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Telefonica Chile Beneish M-Score?

Telefonica Chile XSGO:CTC 59 Beneish M-Score is -2.45 as of Jun. 27, 2026. GuruFocus rates XSGO:CTC with a GF Score™ of 59/100 and a GF Value™ of CLP238.26 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 355 Telecommunication Services companies, Telefonica Chile ranks worse than 75.21% 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 -2.45 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

XSGO:CTC' s Beneish M-Score Range Over the Past 10 Years
Min: -3.3   Med: -2.92   Max: -1.6
Current: -2.45

During the past 13 years, the highest Beneish M-Score of Telefonica Chile was -1.60. The lowest was -3.30. And the median was -2.92.


Telefonica Chile Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Telefonica Chile'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.

Telefonica Chile Beneish M-Score Chart

Telefonica Chile 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 -1.71 -2.22 -2.64 -2.83 -3.11

Telefonica Chile Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2.80 -3.03 -2.78 -3.11 -2.45

XSGO:CTC vs TMUS, VZ, T: Beneish M-Score Comparison

For the Telecom Services subindustry, Telefonica Chile'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.


Telefonica Chile Beneish M-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Telefonica Chile's Beneish M-Score distribution charts can be found below:

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


XSGO:CTC
59GF Score
Telefonica Chile SA XSGO:CTC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Telefonica Chile 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 Telefonica Chile 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 * 1.8139+0.528 * 0.972+0.404 * 0.6041+0.892 * 0.9749+0.115 * 0.9188
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0918+4.679 * -0.096407-0.327 * 1.1489
=-2.45

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was CLP502,880 Mil.
Revenue was 213940.752 + 240573.382 + 208716.887 + 218274.142 = CLP881,505 Mil.
Gross Profit was 94028.807 + 240573.382 + 208716.887 + 218274.142 = CLP761,593 Mil.
Total Current Assets was CLP704,160 Mil.
Total Assets was CLP1,616,083 Mil.
Property, Plant and Equipment(Net PPE) was CLP615,543 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP141,779 Mil.
Selling, General, & Admin. Expense(SGA) was CLP204,062 Mil.
Total Current Liabilities was CLP477,900 Mil.
Long-Term Debt & Capital Lease Obligation was CLP21,262 Mil.
Net Income was -13331.838 + -11225.955 + -23097.329 + -18648.895 = CLP-66,304 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = CLP0 Mil.
Cash Flow from Operations was -140485.34 + 209183.102 + -12047.089 + 32847.817 = CLP89,498 Mil.
Total Receivables was CLP284,362 Mil.
Revenue was 214021.434 + 245175.152 + 212436.648 + 232534.632 = CLP904,168 Mil.
Gross Profit was 69141.015 + 245175.152 + 212436.648 + 232534.632 = CLP759,287 Mil.
Total Current Assets was CLP490,748 Mil.
Total Assets was CLP1,647,815 Mil.
Property, Plant and Equipment(Net PPE) was CLP656,819 Mil.
Depreciation, Depletion and Amortization(DDA) was CLP136,454 Mil.
Selling, General, & Admin. Expense(SGA) was CLP191,702 Mil.
Total Current Liabilities was CLP373,806 Mil.
Long-Term Debt & Capital Lease Obligation was CLP69,188 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)
=(502880.281 / 881505.163) / (284362.344 / 904167.866)
=0.570479 / 0.314502
=1.8139

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)
=(759287.447 / 904167.866) / (761593.218 / 881505.163)
=0.839764 / 0.863969
=0.972

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 - (704160.458 + 615543.218) / 1616083.076) / (1 - (490747.993 + 656818.63) / 1647815.108)
=0.183394 / 0.303583
=0.6041

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
=881505.163 / 904167.866
=0.9749

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))
=(136453.818 / (136453.818 + 656818.63)) / (141778.931 / (141778.931 + 615543.218))
=0.172014 / 0.187211
=0.9188

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)
=(204062.088 / 881505.163) / (191701.716 / 904167.866)
=0.231493 / 0.21202
=1.0918

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)
=((21261.783 + 477900.437) / 1616083.076) / ((69187.676 + 373806.196) / 1647815.108)
=0.308872 / 0.268837
=1.1489

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
=(-66304.017 - 0 - 89498.49) / 1616083.076
=-0.096407

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.

Telefonica Chile has a M-score of -2.45 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 -2.45 mean?
Telefonica Chile (XSGO:CTC) has a Beneish M-Score of -2.45 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Telefonica Chile and its competitors. According to the industry distribution chart, Telefonica Chile ranks #267 out of 355 companies in the Telecommunication Services industry, placing it in the top 75.2%.
Is Telefonica Chile's Beneish M-Score too high?
Telefonica Chile's current Beneish M-Score is -2.45. Based on the distribution chart, Telefonica Chile ranks #267 out of 355 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telefonica Chile has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Telefonica Chile's Beneish M-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telefonica Chile ranks #267 out of 355 companies for Beneish M-Score. This places Telefonica Chile 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 Telefonica Chile and its competitors. Telefonica Chile's current Beneish M-Score is -2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telefonica Chile stock overvalued right now?
Based on GuruFocus' analysis, Telefonica Chile (XSGO:CTC) is currently considered Significantly Overvalued. The stock's GF Value™ is CLP238.26, compared to a current price of CLP392.00 — trading 64.5% above its estimated fair value. The current Beneish M-Score is -2.45. Telefonica Chile's overall GF Score™ is 59/100 with 7 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 Telefonica Chile (XSGO:CTC), the current Beneish M-Score is -2.45 as of Jun. 27, 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 Telefonica Chile (XSGO:CTC) Overvalued in 2026?

Based on GuruFocus' analysis, Telefonica Chile stock appears to be overvalued. The current stock price of CLP392.00 is trading 64.5% above its estimated GF Value™ of CLP238.26. GuruFocus considers Telefonica Chile to be Significantly Overvalued.

Key valuation signals for XSGO:CTC:

  • Beneish M-Score: -2.45
  • GF Value™: CLP238.26 vs. price of CLP392.00 (64.5% above fair value)
  • GF Score™: 59/100 with 7 warning signs

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


Telefonica Chile Business Description

Address Avenida Providencia Number 111, 23rd Floor, Santiago, CHL
Telefonica Chile SA is a telecommunication company based in Chile. The company has aggregated its operations into the divisions of Fixed Telecommunications, Television Services, Corporate Communications and Data and Others which comprises logistics, personnel, and management services. The company offers a wide range of services including broadband, pay television, local telephony, national and international long distance, data transmission, terminal sales and leasing, value-added services and interconnection services, among others. It serves to corporate customers and small and medium enterprises.
59GF Score

Get the complete analysis for XSGO:CTC

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

CLP392.00
Price
CLP238.26
GF Value