PRG PCLBKK:PRG 74 Beneish M-Score is -2.55 as of Jun. 24, 2026. GuruFocus rates BKK:PRG with a GF Score™ of 74/100 and a GF Value™ of ฿9.31 (Fairly Valued). The stock has 11 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, PRG PCL ranks better than 52.46% 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 -2.55 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for PRG PCL's Beneish M-Score or its related term are showing as below:
BKK:PRG'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.72 Med: -2.41 Max: -0.36
Current: -2.55
During the past 13 years, the highest Beneish M-Score of PRG PCL was -0.36. The lowest was -3.72. And the median was -2.41.
PRG PCL Beneish M-Score Related Terms
PRG PCL Beneish M-Score Historical Data
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The historical data trend for PRG 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 Packaged Foods subindustry, PRG 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.
PRG PCL Beneish M-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PRG PCL's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where PRG 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 PRG 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 * 1.0101
+
0.528 * 0.8013
+
0.404 * 0.996
+
0.892 * 1.0154
+
0.115 * 0.8952
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9567
+
4.679 * 0.011422
-
0.327 * 1.1127
=
-2.55
* 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))
=
(53.822 / (53.822 + 416.656))
/
(60.928 / (60.928 + 415.854))
=
0.114399
/
0.12779
=
0.8952
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
=
(600.654 - 584.06
-
-117.477)
/
11738.442
=
0.011422
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.
PRG PCL has a M-score of -2.55 suggests that the company is unlikely to be a manipulator.
PRG PCL (BKK:PRG) has a Beneish M-Score of -2.55 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PRG PCL and its competitors. According to the industry distribution chart, PRG PCL ranks #879 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 47.5%.
Is PRG PCL's Beneish M-Score too high?
PRG PCL's current Beneish M-Score is -2.55. Based on the distribution chart, PRG PCL ranks #879 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, PRG PCL has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PRG PCL's Beneish M-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PRG PCL ranks #879 out of 1849 companies for Beneish M-Score. This puts PRG PCL 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 PRG PCL and its competitors. PRG PCL's current Beneish M-Score is -2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PRG PCL stock overvalued right now?
Based on GuruFocus' analysis, PRG PCL (BKK:PRG) is currently considered Fairly Valued. The stock's GF Value™ is ฿9.31, compared to a current price of ฿9.20 — trading 1.2% below its estimated fair value. The current Beneish M-Score is -2.55. PRG PCL's overall GF Score™ is 74/100 with 11 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 PRG PCL (BKK:PRG), the current Beneish M-Score is -2.55 as of Jun. 24, 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 PRG PCL (BKK:PRG) Overvalued in 2026?
Based on GuruFocus' analysis, PRG PCL stock appears to be undervalued.
The current stock price of ฿9.20 is trading 1.2% below its estimated GF Value™ of ฿9.31.
GuruFocus considers PRG PCL to be Fairly Valued.
Key valuation signals for BKK:PRG:
Beneish M-Score: -2.55
GF Value™: ฿9.31 vs. price of ฿9.20 (1.2% below fair value)
No single metric tells the full story. See the BKK:PRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PRG Corp PCL is engaged in the processing and packaging of rice and related business. The company has three reportable segments: Improving the quality and packaging of milled rice including Organic rice, Japanese rice, Quinoa rice, White rice, Hom Mali rice, Maboonkrong rice, and other products; and Food Center business includes Suki Number One, MBK Food Island, The Fifth Food Avenue, and HINA Japanese Restaurant and Asset management. Geographically, it operates in Thailand, the United States, Canada, Europe, Asia Pacific, and other regions. PRG Corp PCL generates the majority of its revenue from Improving the quality and packaging of rice from the Thailand region.
74GF Score
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