BKFG (BKF Capital Group) Beneish M-Score: -2.64 (As of Jun. 26, 2026)

What is BKF Capital Group Beneish M-Score?

BKF Capital Group BKFG 59 Beneish M-Score is -2.64 as of Jun. 26, 2026. GuruFocus rates BKFG with a GF Score™ of 59/100 and a GF Value™ of $73,402.29. The stock has 5 warning signs investors should review.

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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

BKFG' s Beneish M-Score Range Over the Past 10 Years
Min: -2.64 Med: 1198.49 Max: 2399.61
Current: -2.64

During the past 13 years, the highest Beneish M-Score of BKF Capital Group was 2399.61. The lowest was -2.64. And the median was 1198.49.

BKF Capital Group Beneish M-Score Related Terms

BKF Capital Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for BKF Capital Group'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.

BKF Capital Group Beneish M-Score Chart

BKF Capital Group Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec24

Dec25

Beneish M-Score

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-4.34

-2.27

-6.18

2,399.61

-2.64

BKF Capital Group Semi-Annual Data
	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec24	Dec25
Beneish M-Score	Get a 7-Day Free Trial													-4.34	-2.27	-6.18	2,399.61	-2.64

BKFG vs TBIIF, YIBO, UAVS: Beneish M-Score Comparison

For the Computer Hardware subindustry, BKF Capital Group'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.

BKF Capital Group Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, BKF Capital Group's Beneish M-Score distribution charts can be found below:

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

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59GF Score

BKF Capital Group Inc BKFG

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BKF Capital Group 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 BKF Capital Group for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.215

0.528 * 0.8973

0.404 * 0.9954

0.892 * 0.8158

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0788

4.679 * -0.041865

0.327 * 0.7683

-2.64

This Year (Dec25) TTM:

Last Year (Dec24) TTM:

Total Receivables was $0.68 Mil.
Revenue was $6.60 Mil.
Gross Profit was $1.91 Mil.
Total Current Assets was $9.56 Mil.
Total Assets was $9.89 Mil.
Property, Plant and Equipment(Net PPE) was $0.26 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $2.31 Mil.
Total Current Liabilities was $1.15 Mil.
Long-Term Debt & Capital Lease Obligation was $0.09 Mil.
Net Income was $-0.28 Mil.
Gross Profit was $0.13 Mil.
Cash Flow from Operations was $0.00 Mil.

Total Receivables was $0.68 Mil.
Revenue was $8.08 Mil.
Gross Profit was $2.10 Mil.
Total Current Assets was $10.04 Mil.
Total Assets was $10.53 Mil.
Property, Plant and Equipment(Net PPE) was $0.41 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $2.63 Mil.
Total Current Liabilities was $1.47 Mil.
Long-Term Debt & Capital Lease Obligation was $0.25 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)
	=	(0.676 / 6.595)	/	(0.682 / 8.084)
	=	0.102502	/	0.084364
	=	1.215

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)
	=	(2.103 / 8.084)	/	(1.912 / 6.595)
	=	0.260143	/	0.289917
	=	0.8973

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 - (9.556 + 0.261) / 9.889)	/	(1 - (10.037 + 0.413) / 10.527)
	=	0.007281	/	0.007315
	=	0.9954

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
	=	6.595	/	8.084
	=	0.8158

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 + 0.413))	/	(0 / (0 + 0.261))
	=	0	/	0
	=	1

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)
	=	(2.313 / 6.595)	/	(2.628 / 8.084)
	=	0.35072	/	0.325087
	=	1.0788

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)
	=	((0.094 + 1.146) / 9.889)	/	((0.245 + 1.473) / 10.527)
	=	0.125392	/	0.163199
	=	0.7683

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
	=	(-0.282 - 0.132	-	0)	/	9.889
	=	-0.041865

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.

BKF Capital Group has a M-score of -2.64 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 -2.64 mean?

BKF Capital Group (BKFG) has a Beneish M-Score of -2.64 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on BKF Capital Group and its competitors.

Is BKF Capital Group's Beneish M-Score too high?

BKF Capital Group's current Beneish M-Score is -2.64. Overall, BKF Capital Group has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.

How does BKF Capital Group's Beneish M-Score compare to TBIIF and YIBO?

BKF Capital Group's Beneish M-Score of -2.64 can be compared against companies in the Hardware 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 Hardware company?

A good Beneish M-Score depends on the Hardware 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 BKF Capital Group and its competitors. BKF Capital Group's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is BKF Capital Group stock overvalued right now?

BKF Capital Group (BKFG) has a current Beneish M-Score of -2.64. The stock's GF Value™ is $73,402.29, compared to a current price of $94.00 — trading 99.9% below its estimated fair value. The current Beneish M-Score is -2.64. BKF Capital Group's overall GF Score™ is 59/100 with 5 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 BKF Capital Group (BKFG), the current Beneish M-Score is -2.64 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.

Is BKF Capital Group (BKFG) Overvalued in 2026?

Based on GuruFocus' analysis, BKF Capital Group stock appears to be undervalued. The current stock price of $94.00 is trading 99.9% below its estimated GF Value™ of $73,402.29.

Key valuation signals for BKFG:

Beneish M-Score: -2.64
GF Value™: $73,402.29 vs. price of $94.00 (99.9% below fair value)
GF Score™: 59/100 with 5 warning signs

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

BKF Capital Group Business Description

Industry Technology Hardware

Comparable Companies TBIIF YIBO UAVS TACT KTCC QCLS MCRP EBON BTCT SCKT ANET SNDK DELL WDC STX SHSE:688041 SZSE:002415 SHSE:688795 TPE:2382 TPE:6669

Address 48389 Fremont Boulevard, Suite 110, Fremont, CA, USA, 94538

Website https://www.bkfcapital.com

BKF Capital Group Inc makes controlling principal investments (or effective control) in publicly and privately owned businesses. It operates in the investment advisory and asset management business. The company, along with its subsidiaries, provides investment management and advisory services and manufactures and markets data storage system products and compact, high-efficiency power solutions.

59GF Score

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

$94.00

Price

$73,402.29

GF Value

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