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Property Perfect PCLBKK:PF +25.00% Beneish M-Score is -2.99 as of Jul. 27, 2026. The stock has 3 warning signs investors should review. Among 1,682 Real Estate companies, Property Perfect PCL ranks better than 84.01% 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 -2.99 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Property Perfect PCL's Beneish M-Score or its related term are showing as below:
BKK:PF'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.43 Med: -2.63 Max: 1.38
Current: -2.99
During the past 13 years, the highest Beneish M-Score of Property Perfect PCL was 1.38. The lowest was -3.43. And the median was -2.63.
Property Perfect PCL Beneish M-Score Related Terms
Property Perfect PCL Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Property Perfect PCL'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.
For the Real Estate - Development subindustry, Property Perfect PCL'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.
Property Perfect PCL Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Property Perfect PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Property Perfect PCL'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 Property Perfect PCL 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 * 1.4004
+
0.528 * 0.863
+
0.404 * 1.2201
+
0.892 * 0.5062
+
0.115 * 0.9819
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.6838
+
4.679 * -0.064406
-
0.327 * 1.0923
=
-2.99
* 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))
=
(488.798 / (488.798 + 8693.272))
/
(460.198 / (460.198 + 8027.758))
=
0.053234
/
0.054218
=
0.9819
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
=
(-3058.491 - -663.309
-
319.845)
/
42154.845
=
-0.064406
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.
Property Perfect PCL has a M-score of -2.99 suggests that the company is unlikely to be a manipulator.
Property Perfect PCL (BKK:PF) has a Beneish M-Score of -2.99 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Property Perfect PCL and its competitors. According to the industry distribution chart, Property Perfect PCL ranks #269 out of 1682 companies in the Real Estate industry, placing it in the top 16%.
Is Property Perfect PCL's Beneish M-Score too high?
Property Perfect PCL's current Beneish M-Score is -2.99. Based on the distribution chart, Property Perfect PCL ranks #269 out of 1682 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers.
How does Property Perfect PCL's Beneish M-Score compare to competitors?
According to the Real Estate industry distribution chart, Property Perfect PCL ranks #269 out of 1682 companies for Beneish M-Score. This places Property Perfect PCL in the top 16% of its industry — outperforming the majority of peers. 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 Property Perfect PCL and its competitors. Property Perfect PCL's current Beneish M-Score is -2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Property Perfect PCL stock overvalued right now?
Based on GuruFocus' analysis, Property Perfect PCL (BKK:PF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.06, compared to a current price of ฿0.05 — trading 16.7% below its estimated fair value. The current Beneish M-Score is -2.99. 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 Property Perfect PCL (BKK:PF), the current Beneish M-Score is -2.99 as of Jul. 27, 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.
Property Perfect PCL operates in the real estate sector, focusing on developing properties. Its property development portfolio predominantly comprises single detached houses, duplex house, townhouses and condominiums. Additionally, the Group is focused on the development of commercial properties for renting; and hotels with four-five stars, in key locations across Thailand, which are managed by professional and international hotel chains. Its reportable segments are: Property development costs for sale, which generates the maximum revenue, Hotel, and Other. Geographically, the Group operates mainly in Thailand.
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