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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 -2.62 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Premier Investments's Beneish M-Score or its related term are showing as below:
ASX:PMV'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.51 Med: -2.61 Max: -2.13
Current: -2.62
During the past 13 years, the highest Beneish M-Score of Premier Investments was -2.13. The lowest was -3.51. And the median was -2.61.
Premier Investments Beneish M-Score Related Terms
Premier Investments Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Premier Investments'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.
ASX:PMV vs TJX, ROST, BURL: Beneish M-Score Comparison
For the Apparel Retail subindustry, Premier Investments'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.
Premier Investments Beneish M-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Premier Investments's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Premier Investments's Beneish M-Score falls into.
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 Premier Investments 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 * 1.2476
+
0.528 * 0.9533
+
0.404 * 0.8838
+
0.892 * 0.5119
+
0.115 * 1.1094
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1282
+
4.679 * 0.022034
-
0.327 * 0.8538
=
-2.62
* 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.
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.
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))
=
(166.042 / (166.042 + 522.472))
/
(77.414 / (77.414 + 278.696))
=
0.24116
/
0.217388
=
1.1094
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
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
=
(338.216 - 55.415
-
251.204)
/
1434.031
=
0.022034
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.
Premier Investments has a M-score of -2.62 suggests that the company is unlikely to be a manipulator.
Premier Investments (ASX:PMV) has a Beneish M-Score of -2.62 as of Jul. 15, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Premier Investments and its competitors. According to the industry distribution chart, Premier Investments ranks #493 out of 1083 companies in the Retail - Cyclical industry, placing it in the top 45.5%.
Is Premier Investments' Beneish M-Score too high?
Premier Investments' current Beneish M-Score is -2.62. Based on the distribution chart, Premier Investments ranks #493 out of 1083 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Premier Investments has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Premier Investments' Beneish M-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Premier Investments ranks #493 out of 1083 companies for Beneish M-Score. This puts Premier Investments in the upper 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 Retail - Cyclical company?
A good Beneish M-Score depends on the Retail - Cyclical 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 Premier Investments and its competitors. Premier Investments's current Beneish M-Score is -2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premier Investments stock overvalued right now?
Based on GuruFocus' analysis, Premier Investments (ASX:PMV) is currently considered Modestly Overvalued. The stock's GF Value™ is A$11.99, compared to a current price of A$14.27 — trading 19% above its estimated fair value. The current Beneish M-Score is -2.62. Premier Investments' overall GF Score™ is 77/100 with 4 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 Premier Investments (ASX:PMV), the current Beneish M-Score is -2.62 as of Jul. 15, 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 Premier Investments (ASX:PMV) Overvalued in 2026?
Based on GuruFocus' analysis, Premier Investments stock appears to be overvalued.
The current stock price of A$14.27 is trading 19% above its estimated GF Value™ of A$11.99.
GuruFocus considers Premier Investments to be Modestly Overvalued.
Key valuation signals for ASX:PMV:
Beneish M-Score: -2.62
GF Value™: A$11.99 vs. price of A$14.27 (19% above fair value)
No single metric tells the full story. See the ASX:PMV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Premier Investments owns two global retail brands. While Smiggle has been operating outside of its core Australian and New Zealand markets for many years, the more prolific fashion brand Peter Alexander only recently entered the United Kingdom. The unique Smiggle brand retails children's stationery in Australia and overseas markets. Premier materially restructured in 2025, merging its five core apparel brands with department store Myer. It distributed its Myer equity stake to its shareholders with an in-specie capital reduction and dividend.Premier is also a significant shareholder in Australia-listed Breville Group.
77GF Score
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