ZTG (Zenta Group Co) Beneish M-Score: 0.73 (As of Jun. 26, 2026) — 40% Above Median


ZTG Zenta Group Co Ltd ZTG
22 GF Score
Price $1.61
! 2 Warning Signs
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What is Zenta Group Co Beneish M-Score?

Zenta Group Co ZTG -7.08% 22 Beneish M-Score is 0.73 as of Jun. 26, 2026, which is 40% above its 10-year median of 0.52. GuruFocus rates ZTG with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 1,020 Business Services companies, Zenta Group Co ranks worse than 95.98% 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.

Warning Sign:

Beneish M-Score 0.73 higher than -1.78, which implies that the company might have manipulated its financial results.

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

ZTG' s Beneish M-Score Range Over the Past 10 Years
Min: 0.31   Med: 0.52   Max: 0.73
Current: 0.73

During the past 4 years, the highest Beneish M-Score of Zenta Group Co was 0.73. The lowest was 0.31. And the median was 0.52.

Zenta Group Co Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Zenta Group Co'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.

Zenta Group Co Beneish M-Score Chart

Zenta Group Co Annual Data
Trend Sep22 Sep23 Sep24 Sep25
Beneish M-Score
0.00 0.00 0.31 0.73

Zenta Group Co Semi-Annual Data
Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.31 0.00 0.73

ZTG vs AERT, GRNQ, DGNX: Beneish M-Score Comparison

For the Consulting Services subindustry, Zenta Group Co'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.

Zenta Group Co Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Zenta Group Co's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Zenta Group Co's Beneish M-Score falls into.


ZTG
22GF Score
Zenta Group Co Ltd ZTG
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Zenta Group Co 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 Zenta Group Co 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 * 0.2323+0.528 * 0.9865+0.404 * 1.1408+0.892 * 1.5589+0.115 * 1.0774
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.703+4.679 * 0.644505-0.327 * 0.1067
=0.73

* 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 (Sep25) TTM:Last Year (Sep24) TTM:
Total Receivables was $0.60 Mil.
Revenue was $3.16 Mil.
Gross Profit was $2.47 Mil.
Total Current Assets was $3.46 Mil.
Total Assets was $7.33 Mil.
Property, Plant and Equipment(Net PPE) was $0.07 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.47 Mil.
Selling, General, & Admin. Expense(SGA) was $0.51 Mil.
Total Current Liabilities was $0.42 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 Mil.
Net Income was $1.00 Mil.
Gross Profit was $-0.06 Mil.
Cash Flow from Operations was $-3.66 Mil.
 Total Receivables was $1.64 Mil.
Revenue was $2.03 Mil.
Gross Profit was $1.56 Mil.
Total Current Assets was $1.99 Mil.
Total Assets was $3.67 Mil.
Property, Plant and Equipment(Net PPE) was $0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.15 Mil.
Selling, General, & Admin. Expense(SGA) was $0.47 Mil.
Total Current Liabilities was $2.02 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)
=(0.595 / 3.163) / (1.643 / 2.029)
=0.188113 / 0.809759
=0.2323

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)
=(1.563 / 2.029) / (2.47 / 3.163)
=0.77033 / 0.780904
=0.9865

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 - (3.457 + 0.071) / 7.325) / (1 - (1.994 + 0.01) / 3.673)
=0.518362 / 0.454397
=1.1408

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
=3.163 / 2.029
=1.5589

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))
=(0.147 / (0.147 + 0.01)) / (0.471 / (0.471 + 0.071))
=0.936306 / 0.869004
=1.0774

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)
=(0.514 / 3.163) / (0.469 / 2.029)
=0.162504 / 0.231148
=0.703

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)
=((0.006 + 0.424) / 7.325) / ((0 + 2.021) / 3.673)
=0.058703 / 0.550231
=0.1067

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
=(1.001 - -0.057 - -3.663) / 7.325
=0.644505

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.

Zenta Group Co has a M-score of 0.73 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 0.73 mean?
Zenta Group Co (ZTG) has a Beneish M-Score of 0.73 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Zenta Group Co and its competitors. This is 40% above median its historical median of 0.52. Over the past decade, Zenta Group Co's Beneish M-Score has ranged from 0.31 to 0.73. According to the industry distribution chart, Zenta Group Co ranks #979 out of 1020 companies in the Business Services industry, placing it in the top 96%.
Is Zenta Group Co's Beneish M-Score too high?
Zenta Group Co's current Beneish M-Score of 0.73 is 40% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.73. Based on the distribution chart, Zenta Group Co ranks #979 out of 1020 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Zenta Group Co has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Zenta Group Co's Beneish M-Score compare to AERT and GRNQ?
According to the Business Services industry distribution chart, Zenta Group Co ranks #979 out of 1020 companies for Beneish M-Score. This places Zenta Group Co in the lower half of its industry. Historically, Zenta Group Co's own Beneish M-Score has ranged from 0.31 to 0.73 over the past decade. 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 Zenta Group Co and its competitors. Zenta Group Co's current Beneish M-Score is 0.73, which is 40% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenta Group Co stock overvalued right now?
Zenta Group Co (ZTG) has a current Beneish M-Score of 0.73. The current Beneish M-Score is 0.73, which is 40% above median its 10-year median of 0.52. Zenta Group Co's overall GF Score™ is 22/100 with 2 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 Zenta Group Co (ZTG), the current Beneish M-Score is 0.73 as of Jun. 26, 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.

Zenta Group Co Business Description

Address Avenida do Infante D. Henrique, No. 47-53A, Macau Square, 13th Floor, Unit M, Macau, MAC, 999078
Zenta Group Co Ltd is a professional services provider in Macau, offering industrial park consulting services, business investment consulting services through LIC, and the sale of fintech products and services through LFT. Its industrial park consulting services focus on the pre-development stage, assisting with applications and negotiations for industrial park projects with PRC government authorities, with plans to expand into post-development services through LMS. The business investment consulting services mainly involve assisting clients in acquiring equity stakes in technology firms, private equity management firms, and industrial park project firms, supported by third-party professionals. The Group operates in Macau and the PRC, generating the majority of its revenue from the PRC.
22GF Score

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

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