Peregrine Gold (ASX:PGD) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


ASX:PGD Peregrine Gold Ltd ASX:PGD
32 GF Score
Price A$0.10
! 1 Warning Sign
View Full Analysis

What is Peregrine Gold Beneish M-Score?

Peregrine Gold ASX:PGD -9.09% 32 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates ASX:PGD with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 685 Metals & Mining companies, Peregrine Gold ranks worse than 145985.26% 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 Peregrine Gold's Beneish M-Score or its related term are showing as below:

During the past 4 years, the highest Beneish M-Score of Peregrine Gold was 0.00. The lowest was 0.00. And the median was 0.00.

Peregrine Gold Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Peregrine Gold'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.

Peregrine Gold Beneish M-Score Chart

Peregrine Gold Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 0.00 0.00

Peregrine Gold Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 0.00

ASX:PGD vs NEM, AU: Beneish M-Score Comparison

For the Gold subindustry, Peregrine Gold'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.

Peregrine Gold Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Peregrine Gold's Beneish M-Score distribution charts can be found below:

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


ASX:PGD
32GF Score
Peregrine Gold Ltd ASX:PGD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Peregrine Gold 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 Peregrine Gold 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was A$0.20 Mil.
Revenue was A$0.00 Mil.
Gross Profit was A$0.00 Mil.
Total Current Assets was A$3.01 Mil.
Total Assets was A$7.09 Mil.
Property, Plant and Equipment(Net PPE) was A$4.06 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.13 Mil.
Selling, General, & Admin. Expense(SGA) was A$0.23 Mil.
Total Current Liabilities was A$0.86 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.22 Mil.
Net Income was A$-2.41 Mil.
Gross Profit was A$1.24 Mil.
Cash Flow from Operations was A$-3.15 Mil.
 Total Receivables was A$0.11 Mil.
Revenue was A$0.00 Mil.
Gross Profit was A$0.00 Mil.
Total Current Assets was A$2.03 Mil.
Total Assets was A$6.44 Mil.
Property, Plant and Equipment(Net PPE) was A$4.40 Mil.
Depreciation, Depletion and Amortization(DDA) was A$0.13 Mil.
Selling, General, & Admin. Expense(SGA) was A$0.47 Mil.
Total Current Liabilities was A$0.58 Mil.
Long-Term Debt & Capital Lease Obligation was A$0.02 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)
=(0.201 / 0) / (0.114 / 0)
= /
=

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 / 0) / (0 / 0)
= /
=

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 - (3.014 + 4.059) / 7.093) / (1 - (2.025 + 4.4) / 6.444)
=0.00282 / 0.002948
=

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 / 0
=

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))
=(0.127 / (0.127 + 4.4)) / (0.13 / (0.13 + 4.059))
=0.028054 / 0.031034
=

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)
=(0.228 / 0) / (0.467 / 0)
= /
=

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)
=((0.219 + 0.862) / 7.093) / ((0.021 + 0.577) / 6.444)
=0.152404 / 0.0928
=

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
=(-2.413 - 1.238 - -3.154) / 7.093
=-0.070069

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?
Peregrine Gold (ASX:PGD) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Peregrine Gold and its competitors. According to the industry distribution chart, Peregrine Gold ranks #999999 out of 685 companies in the Metals & Mining industry.
Is Peregrine Gold's Beneish M-Score too high?
Peregrine Gold's current Beneish M-Score is 0.00. Based on the distribution chart, Peregrine Gold ranks #999999 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Peregrine Gold has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Peregrine Gold's Beneish M-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Peregrine Gold ranks #999999 out of 685 companies for Beneish M-Score. This places Peregrine Gold 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 Metals & Mining company?
A good Beneish M-Score depends on the Metals & Mining 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 Peregrine Gold and its competitors. Peregrine Gold'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 Peregrine Gold stock overvalued right now?
Peregrine Gold (ASX:PGD) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Peregrine Gold's overall GF Score™ is 32/100 with 1 warning sign 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 Peregrine Gold (ASX:PGD), the current Beneish M-Score is 0.00 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.

Peregrine Gold Business Description

Other Exchanges 9VA:Germany
Address 191 Saint George’s Terrace, Level 5, Perth, WA, AUS, 6005
Peregrine Gold Ltd is a mineral exploration company with interests in projects in Australia. The company's projects include the Newman Gold Project, Mallina Gold Project, and Pilgangoora North Lithium Project.
32GF Score

Get the complete analysis for ASX:PGD

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

A$0.10
Price