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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 -2.59 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Rani Zim Shopping Centers's Beneish M-Score or its related term are showing as below:
XTAE:RANI'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.67 Med: -2.18 Max: 0.98
Current: -2.59
During the past 10 years, the highest Beneish M-Score of Rani Zim Shopping Centers was 0.98. The lowest was -2.67. And the median was -2.18.
Rani Zim Shopping Centers Beneish M-Score Related Terms
Rani Zim Shopping Centers Beneish M-Score Historical Data
* 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.
For the Real Estate - Diversified subindustry, Rani Zim Shopping Centers'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.
Rani Zim Shopping Centers Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Rani Zim Shopping Centers's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Rani Zim Shopping Centers's Beneish M-Score falls into.
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 Rani Zim Shopping Centers 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 * 0.9475
+
0.528 * 0.8674
+
0.404 * 1.1731
+
0.892 * 0.7828
+
0.115 * 2.0881
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.21
+
4.679 * 0.003491
-
0.327 * 0.9311
=
-2.59
* 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.
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.
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))
=
(1.889 / (1.889 + 12.806))
/
(3.312 / (3.312 + 50.487))
=
0.128547
/
0.061562
=
2.0881
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
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
=
(95.769 - 0
-
83.59)
/
3488.676
=
0.003491
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.
Rani Zim Shopping Centers has a M-score of -2.59 suggests that the company is unlikely to be a manipulator.
Rani Zim Shopping Centers (XTAE:RANI) has a Beneish M-Score of -2.59 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Rani Zim Shopping Centers and its competitors. According to the industry distribution chart, Rani Zim Shopping Centers ranks #590 out of 1682 companies in the Real Estate industry, placing it in the top 35.1%.
Is Rani Zim Shopping Centers' Beneish M-Score too high?
Rani Zim Shopping Centers' current Beneish M-Score is -2.59. Based on the distribution chart, Rani Zim Shopping Centers ranks #590 out of 1682 companies in the Real Estate industry, which is above the industry midpoint. Overall, Rani Zim Shopping Centers has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rani Zim Shopping Centers' Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Rani Zim Shopping Centers ranks #590 out of 1682 companies for Beneish M-Score. This puts Rani Zim Shopping Centers 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Rani Zim Shopping Centers and its competitors. Rani Zim Shopping Centers's current Beneish M-Score is -2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rani Zim Shopping Centers stock overvalued right now?
Based on GuruFocus' analysis, Rani Zim Shopping Centers (XTAE:RANI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪3.59, compared to a current price of ₪4.72 — trading 31.5% above its estimated fair value. The current Beneish M-Score is -2.59. Rani Zim Shopping Centers' overall GF Score™ is 83/100 with 9 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 Rani Zim Shopping Centers (XTAE:RANI), the current Beneish M-Score is -2.59 as of Jul. 28, 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 Rani Zim Shopping Centers (XTAE:RANI) Overvalued in 2026?
Based on GuruFocus' analysis, Rani Zim Shopping Centers stock appears to be overvalued.
The current stock price of ₪4.72 is trading 31.5% above its estimated GF Value™ of ₪3.59.
GuruFocus considers Rani Zim Shopping Centers to be Significantly Overvalued.
Key valuation signals for XTAE:RANI:
Beneish M-Score: -2.59
GF Value™: ₪3.59 vs. price of ₪4.72 (31.5% above fair value)
No single metric tells the full story. See the XTAE:RANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rani Zim Shopping Centers Ltd is engaged in the development, construction and management of shopping centers. It operates in the commercial real estate sector through Zim Center and in the retail sector through Office Depot. Its properties include shopping centers in Arad, Netivot, Beit She'an, Ma'alot.
83GF Score
Get the complete analysis for XTAE:RANI
Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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