Banco Comercial AV Villas (BOG:PFVILLASCA) Beneish M-Score: 0.00 (As of Jul. 12, 2026)


BOG:PFVILLASCA Banco Comercial AV Villas SA BOG:PFVILLASCA
34 GF Score
Price COP4,050.00
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What is Banco Comercial AV Villas Beneish M-Score?

Banco Comercial AV Villas BOG:PFVILLASCA 34 Beneish M-Score is 0.00 as of Jul. 12, 2026. GuruFocus rates BOG:PFVILLASCA with a GF Score™ of 34/100. Among 1,399 Banks companies, Banco Comercial AV Villas ranks worse than 81.13% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 Banco Comercial AV Villas's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Banco Comercial AV Villas was 0.00. The lowest was 0.00. And the median was 0.00.

BOG:PFVILLASCA
34GF Score
Banco Comercial AV Villas SA BOG:PFVILLASCA
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banco Comercial AV Villas 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 Banco Comercial AV Villas 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+0.528 * 1+0.404 * 1.0041+0.892 * 1.1885+0.115 * 0.9066
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8729+4.679 * 0.007136-0.327 * 0.7647
=-2.19

* 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 COP0 Mil.
Revenue was 298293 + 280309 + 250422 + 278038 = COP1,107,062 Mil.
Gross Profit was 298293 + 280309 + 250422 + 278038 = COP1,107,062 Mil.
Total Current Assets was COP0 Mil.
Total Assets was COP20,947,275 Mil.
Property, Plant and Equipment(Net PPE) was COP449,422 Mil.
Depreciation, Depletion and Amortization(DDA) was COP86,415 Mil.
Selling, General, & Admin. Expense(SGA) was COP237,231 Mil.
Total Current Liabilities was COP0 Mil.
Long-Term Debt & Capital Lease Obligation was COP773,079 Mil.
Net Income was -8729 + 3478 + -19831 + 1330 = COP-23,752 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = COP0 Mil.
Cash Flow from Operations was 488094 + -53546 + 90649 + -698421 = COP-173,224 Mil.
 Total Receivables was COP0 Mil.
Revenue was 251713 + 239913 + 210334 + 229548 = COP931,508 Mil.
Gross Profit was 251713 + 239913 + 210334 + 229548 = COP931,508 Mil.
Total Current Assets was COP0 Mil.
Total Assets was COP18,589,661 Mil.
Property, Plant and Equipment(Net PPE) was COP474,014 Mil.
Depreciation, Depletion and Amortization(DDA) was COP81,175 Mil.
Selling, General, & Admin. Expense(SGA) was COP228,680 Mil.
Total Current Liabilities was COP0 Mil.
Long-Term Debt & Capital Lease Obligation was COP897,202 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 / 1107062) / (0 / 931508)
=0 / 0
=1

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)
=(931508 / 931508) / (1107062 / 1107062)
=1 / 1
=1

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 - (0 + 449422) / 20947275) / (1 - (0 + 474014) / 18589661)
=0.978545 / 0.974501
=1.0041

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
=1107062 / 931508
=1.1885

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))
=(81175 / (81175 + 474014)) / (86415 / (86415 + 449422))
=0.146211 / 0.161271
=0.9066

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)
=(237231 / 1107062) / (228680 / 931508)
=0.214289 / 0.245494
=0.8729

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)
=((773079 + 0) / 20947275) / ((897202 + 0) / 18589661)
=0.036906 / 0.048263
=0.7647

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
=(-23752 - 0 - -173224) / 20947275
=0.007136

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.

Banco Comercial AV Villas has a M-score of -2.19 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 0.00 mean?
Banco Comercial AV Villas (BOG:PFVILLASCA) has a Beneish M-Score of 0.00 as of Jul. 12, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco Comercial AV Villas and its competitors. According to the industry distribution chart, Banco Comercial AV Villas ranks #1135 out of 1399 companies in the Banks industry, placing it in the top 81.1%.
Is Banco Comercial AV Villas' Beneish M-Score too high?
Banco Comercial AV Villas' current Beneish M-Score is 0.00. Based on the distribution chart, Banco Comercial AV Villas ranks #1135 out of 1399 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banco Comercial AV Villas has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Banco Comercial AV Villas' Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Banco Comercial AV Villas ranks #1135 out of 1399 companies for Beneish M-Score. This places Banco Comercial AV Villas 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Banco Comercial AV Villas and its competitors. Banco Comercial AV Villas'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 Banco Comercial AV Villas stock overvalued right now?
Banco Comercial AV Villas (BOG:PFVILLASCA) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Banco Comercial AV Villas' overall GF Score™ is 34/100. 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 Banco Comercial AV Villas (BOG:PFVILLASCA), the current Beneish M-Score is 0.00 as of Jul. 12, 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.

Banco Comercial AV Villas Business Description

Other Exchanges VILLAS:Colombia
Address Carrera 13 No 27-47 Piso 24, Bogota, COL
Banco Comercial AV Villas SA provides personal and commercial banking services in Colombia. It offers current accounts, AFC accounts, savings accounts, mobile accounts, and CDTs; debit and credit cards; and credit warrants, and student loans.
34GF Score

Get the complete analysis for BOG:PFVILLASCA

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

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