ADTI (Adapti) Beneish M-Score: 0.00 (As of Jul. 14, 2026)

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ADTI Adapti Inc ADTI
19 GF Score
Price $2.92
! 3 Warning Signs
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What is Adapti Beneish M-Score?

Adapti ADTI -2.67% 19 Beneish M-Score is 0.00 as of Jul. 14, 2026. GuruFocus rates ADTI with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 1,851 Consumer Packaged Goods companies, Adapti ranks worse than 54024.8% 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.

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

During the past 5 years, the highest Beneish M-Score of Adapti was 0.00. The lowest was 0.00. And the median was 0.00.


Adapti Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Adapti'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.

Adapti Beneish M-Score Chart

Adapti Annual Data
Trend Mar08 Mar09 Mar10 Mar24 Mar25
Beneish M-Score
0.00 0.00 0.00 0.00 0.00

Adapti Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.00 0.00 0.00 0.00 0.00

ADTI vs DSY, UG, PURE: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Adapti'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.


Adapti Beneish M-Score vs Consumer Packaged Goods Industry

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

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


ADTI
19GF Score
Adapti Inc ADTI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Adapti 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 Adapti 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 $3.54 Mil.
Revenue was 1.526 + 2.131 + 0.001 + 0.001 = $3.66 Mil.
Gross Profit was 0.061 + 0.798 + 0.001 + 0.001 = $0.86 Mil.
Total Current Assets was $3.88 Mil.
Total Assets was $31.79 Mil.
Property, Plant and Equipment(Net PPE) was $0.67 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $4.91 Mil.
Total Current Liabilities was $5.69 Mil.
Long-Term Debt & Capital Lease Obligation was $10.55 Mil.
Net Income was -2.946 + -2.596 + -0.295 + -0.244 = $-6.08 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.766 + -0.493 + -0.111 + -0.025 = $-1.40 Mil.
Total Receivables was $0.00 Mil.
Revenue was 0.001 + 0.002 + 0.001 + 0.003 = $0.01 Mil.
Gross Profit was 0.001 + 0.002 + 0.001 + -0.187 = $-0.18 Mil.
Total Current Assets was $0.03 Mil.
Total Assets was $0.03 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.85 Mil.
Total Current Liabilities was $1.10 Mil.
Long-Term Debt & Capital Lease Obligation was $0.01 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)
=(3.542 / 3.659) / (0.001 / 0.007)
=0.968024 / 0.142857
=

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)
=(-0.183 / 0.007) / (0.861 / 3.659)
=-26.142857 / 0.23531
=

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 - (3.881 + 0.672) / 31.791) / (1 - (0.027 + 0) / 0.027)
=0.856783 / 0
=

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
=3.659 / 0.007
=

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)) / (0 / (0 + 0.672))
= / 0
=

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)
=(4.905 / 3.659) / (0.845 / 0.007)
=1.34053 / 120.714286
=

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)
=((10.551 + 5.687) / 31.791) / ((0.007 + 1.098) / 0.027)
=0.510773 / 40.925926
=

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
=(-6.081 - 0 - -1.395) / 31.791
=-0.1474

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Adapti (ADTI) has a Beneish M-Score of 0.00 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Adapti and its competitors. According to the industry distribution chart, Adapti ranks #999999 out of 1851 companies in the Consumer Packaged Goods industry.
Is Adapti's Beneish M-Score too high?
Adapti's current Beneish M-Score is 0.00. Based on the distribution chart, Adapti ranks #999999 out of 1851 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Adapti has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Adapti's Beneish M-Score compare to DSY and UG?
According to the Consumer Packaged Goods industry distribution chart, Adapti ranks #999999 out of 1851 companies for Beneish M-Score. This places Adapti 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 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 Adapti and its competitors. Adapti'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 Adapti stock overvalued right now?
Adapti (ADTI) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Adapti's overall GF Score™ is 19/100 with 3 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 Adapti (ADTI), the current Beneish M-Score is 0.00 as of Jul. 14, 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.

Adapti Business Description

Address 2278 Monitor Street, Dallas, TX, USA, 85004
Adapti Inc, the Company manages the sales and brand development of health and beauty products through the Dermacia product line. The Company seeks to acquire or license performing brands to add to the Company's portfolio of products and brands sold online and through strategic retail relationships. The Company has expertise manufacturing, distributing, marketing, and selling online consumer packaged goods and seeks to leverage its expertise to grow additional acquired brands.
19GF Score

Get the complete analysis for ADTI

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

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