Emergence Global Enterprises (XTER:9VDA) Beneish M-Score: 0.00 (As of Jul. 11, 2026)

What is Emergence Global Enterprises Beneish M-Score?

Emergence Global Enterprises XTER:9VDA 39 Beneish M-Score is 0.00 as of Jul. 11, 2026. GuruFocus rates XTER:9VDA with a GF Score™ of 39/100.

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.

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

During the past 10 years, the highest Beneish M-Score of Emergence Global Enterprises was 0.00. The lowest was 0.00. And the median was 0.00.

Emergence Global Enterprises Beneish M-Score Related Terms

Emergence Global Enterprises Beneish M-Score Historical Data

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The historical data trend for Emergence Global Enterprises'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.

Emergence Global Enterprises Beneish M-Score Chart

Emergence Global Enterprises Annual Data

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Beneish M-Score

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Emergence Global Enterprises Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	881.44	3.25	-1.85

XTER:9VDA vs KHC, GIS, HRL: Beneish M-Score Comparison

For the Packaged Foods subindustry, Emergence Global Enterprises'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.

Emergence Global Enterprises Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emergence Global Enterprises's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Emergence Global Enterprises's Beneish M-Score falls into.

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39GF Score

Emergence Global Enterprises Inc XTER:9VDA

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Emergence Global Enterprises 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 Emergence Global Enterprises for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 0.4507

0.528 * 1.2278

0.404 * 0.6881

0.892 * 2.3093

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.4719

4.679 * 0.003895

0.327 * 0.962

-1.70

This Year (Jul22) TTM:

Last Year (Jul21) TTM:

Total Receivables was €0.05 Mil.
Revenue was 0.824 + 0.218 + 0.399 + 0.709 = €2.15 Mil.
Gross Profit was 0.189 + 0.134 + 0.11 + 0.12 = €0.55 Mil.
Total Current Assets was €0.60 Mil.
Total Assets was €7.19 Mil.
Property, Plant and Equipment(Net PPE) was €2.78 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €0.64 Mil.
Total Current Liabilities was €1.63 Mil.
Long-Term Debt & Capital Lease Obligation was €1.39 Mil.
Net Income was -0.104 + 0.196 + -0.115 + -0.102 = €-0.13 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = €0.00 Mil.
Cash Flow from Operations was 0.161 + 0.257 + -0.171 + -0.4 = €-0.15 Mil.

Total Receivables was €0.05 Mil.
Revenue was 0.58 + 0.349 + 0.002 + 0 = €0.93 Mil.
Gross Profit was 0.213 + 0.08 + 0.001 + 0 = €0.29 Mil.
Total Current Assets was €0.74 Mil.
Total Assets was €4.02 Mil.
Property, Plant and Equipment(Net PPE) was €0.19 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €0.59 Mil.
Total Current Liabilities was €1.76 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 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)
	=	(0.051 / 2.15)	/	(0.049 / 0.931)
	=	0.023721	/	0.052632
	=	0.4507

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)
	=	(0.294 / 0.931)	/	(0.553 / 2.15)
	=	0.315789	/	0.257209
	=	1.2278

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 - (0.604 + 2.775) / 7.188)	/	(1 - (0.735 + 0.19) / 4.023)
	=	0.529911	/	0.770072
	=	0.6881

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
	=	2.15	/	0.931
	=	2.3093

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))
	=	(0 / (0 + 0.19))	/	(0 / (0 + 2.775))
	=	0	/	0
	=	1

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)
	=	(0.644 / 2.15)	/	(0.591 / 0.931)
	=	0.299535	/	0.634801
	=	0.4719

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)
	=	((1.394 + 1.631) / 7.188)	/	((0 + 1.76) / 4.023)
	=	0.42084	/	0.437484
	=	0.962

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
	=	(-0.125 - 0	-	-0.153)	/	7.188
	=	0.003895

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.

Emergence Global Enterprises has a M-score of -1.70 signals that the company is likely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Emergence Global Enterprises (XTER:9VDA) has a Beneish M-Score of 0.00 as of Jul. 11, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Emergence Global Enterprises and its competitors.

Is Emergence Global Enterprises' Beneish M-Score too high?

Emergence Global Enterprises' current Beneish M-Score is 0.00. Overall, Emergence Global Enterprises has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.

How does Emergence Global Enterprises' Beneish M-Score compare to KHC and GIS?

Emergence Global Enterprises' Beneish M-Score of 0.00 can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?

A good Beneish M-Score depends on the Consumer Packaged Goods 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 Emergence Global Enterprises and its competitors. Emergence Global Enterprises's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Emergence Global Enterprises stock overvalued right now?

Emergence Global Enterprises (XTER:9VDA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Emergence Global Enterprises' overall GF Score™ is 39/100. 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 Emergence Global Enterprises (XTER:9VDA), the current Beneish M-Score is 0.00 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.

Emergence Global Enterprises Business Description

Industry Consumer Defensive Consumer Packaged Goods

Comparable Companies XCNQ:PSYC TSXV:OG TSXV:IRO XCNQ:VEGN XCNQ:NPRA TSXV:JTR XCNQ:FUEL XCNQ:FRSH XCNQ:MEAT XCNQ:YUM XSWX:NESN SHSE:603288 KHC GIS XPAR:BN SHSE:600887 SZSE:300999 HRL MKC K

Address 14 Centre Street, Essex, ON, CAN, N8M 1N9

Website http://www.emergenceglobalinc.com

Emergence Global Enterprises Inc is engaged in the business activity of acquiring, creating and building reputable consumer brands using innovation, integrated platforms and full traceability for the health food marketplace. Business is organized into segments being; Nature and Alternative, Health and wellness, Fitness and nutrition and Product Development. Revenue consists of income from the sales of sports nutrition and health products to distributors and retailers.

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