AMST (Amesite) Beneish M-Score: -2.48 (As of Jun. 25, 2026)


AMST Amesite Inc AMST
52 GF Score
Price $1.08
GF Value $2.55
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Amesite Beneish M-Score?

Amesite AMST -3.56% 52 Beneish M-Score is -2.48 as of Jun. 25, 2026. GuruFocus rates AMST with a GF Score™ of 52/100 and a GF Value™ of $2.55 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,633 Software companies, Amesite ranks worse than 53.55% 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 -2.48 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

AMST' s Beneish M-Score Range Over the Past 10 Years
Min: -11.42   Med: -2.82   Max: 3.5
Current: -2.48

During the past 7 years, the highest Beneish M-Score of Amesite was 3.50. The lowest was -11.42. And the median was -2.82.


Amesite Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Amesite'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.

Amesite Beneish M-Score Chart

Amesite Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial 3.50 -4.42 -2.84 1.05 -5.09

Amesite 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 -4.92 -5.09 -3.31 -1.97 -2.48

AMST vs ZICX, KWIK, TRSO: Beneish M-Score Comparison

For the Software - Application subindustry, Amesite'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.


Amesite Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Amesite's Beneish M-Score distribution charts can be found below:

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


AMST
52GF Score
Amesite Inc AMST
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amesite 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 Amesite 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 * 1.1561+0.528 * 1+0.404 * 2.6593+0.892 * 4.1084+0.115 * 0.9677
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.1989+4.679 * -0.705094-0.327 * 2.2989
=-2.48

* 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 $0.02 Mil.
Revenue was 0.083 + 0.108 + 0.094 + 0.056 = $0.34 Mil.
Gross Profit was 0.083 + 0.108 + 0.094 + 0.056 = $0.34 Mil.
Total Current Assets was $0.82 Mil.
Total Assets was $1.49 Mil.
Property, Plant and Equipment(Net PPE) was $0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.30 Mil.
Selling, General, & Admin. Expense(SGA) was $2.72 Mil.
Total Current Liabilities was $0.19 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.678 + -0.733 + -0.642 + -0.924 = $-2.98 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.449 + -0.621 + -0.416 + -0.439 = $-1.93 Mil.
Total Receivables was $0.00 Mil.
Revenue was 0.031 + 0.013 + 0.011 + 0.028 = $0.08 Mil.
Gross Profit was 0.031 + 0.013 + 0.011 + 0.028 = $0.08 Mil.
Total Current Assets was $3.14 Mil.
Total Assets was $3.81 Mil.
Property, Plant and Equipment(Net PPE) was $0.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.45 Mil.
Selling, General, & Admin. Expense(SGA) was $3.33 Mil.
Total Current Liabilities was $0.21 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)
=(0.019 / 0.341) / (0.004 / 0.083)
=0.055718 / 0.048193
=1.1561

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)
=(0.083 / 0.083) / (0.341 / 0.341)
=1 / 1
=1

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 - (0.822 + 0.02) / 1.492) / (1 - (3.139 + 0.046) / 3.809)
=0.435657 / 0.163823
=2.6593

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
=0.341 / 0.083
=4.1084

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))
=(0.451 / (0.451 + 0.046)) / (0.301 / (0.301 + 0.02))
=0.907445 / 0.937695
=0.9677

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)
=(2.721 / 0.341) / (3.329 / 0.083)
=7.979472 / 40.108434
=0.1989

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 + 0.19) / 1.492) / ((0 + 0.211) / 3.809)
=0.127346 / 0.055395
=2.2989

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
=(-2.977 - 0 - -1.925) / 1.492
=-0.705094

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.

Amesite has a M-score of -2.48 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 -2.48 mean?
Amesite (AMST) has a Beneish M-Score of -2.48 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Amesite and its competitors. According to the industry distribution chart, Amesite ranks #1410 out of 2633 companies in the Software industry, placing it in the top 53.6%.
Is Amesite's Beneish M-Score too high?
Amesite's current Beneish M-Score is -2.48. Based on the distribution chart, Amesite ranks #1410 out of 2633 companies in the Software industry, which is below the industry midpoint. Overall, Amesite has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Amesite's Beneish M-Score compare to ZICX and KWIK?
According to the Software industry distribution chart, Amesite ranks #1410 out of 2633 companies for Beneish M-Score. This places Amesite 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 Software company?
A good Beneish M-Score depends on the Software 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 Amesite and its competitors. Amesite's current Beneish M-Score is -2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amesite stock overvalued right now?
Based on GuruFocus' analysis, Amesite (AMST) is currently considered Possible Value Trap. The stock's GF Value™ is $2.55, compared to a current price of $1.08 — trading 57.6% below its estimated fair value. The current Beneish M-Score is -2.48. Amesite's overall GF Score™ is 52/100 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 Amesite (AMST), the current Beneish M-Score is -2.48 as of Jun. 25, 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 Amesite (AMST) Overvalued in 2026?

Based on GuruFocus' analysis, Amesite stock appears to be undervalued. The current stock price of $1.08 is trading 57.6% below its estimated GF Value™ of $2.55. GuruFocus considers Amesite to be Possible Value Trap.

Key valuation signals for AMST:

  • Beneish M-Score: -2.48
  • GF Value™: $2.55 vs. price of $1.08 (57.6% below fair value)
  • GF Score™: 52/100 with 3 warning signs

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


Amesite Business Description

Address 607 Shelby Street, Suite 700, PMB 214, Detroit, MI, USA, 48226
Amesite Inc is an artificial intelligence-driven platform and course designer that rapidly provides customized, high-performance and scalable online products for schools and businesses. The company helps educational institutions and businesses improve learning as their technology partner, delivering a disruptive technology driven by AI and offers a constellation of services that help partners implement new programs, and improve existing ones. Its customers are Enterprises, universities, and K-12 schools.
52GF Score

Get the complete analysis for AMST

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

$1.08
Price
$2.55
GF Value