Prefab (BSE:PREH) Beneish M-Score: 0.00 (As of Jun. 29, 2026)

What is Prefab Beneish M-Score?

Prefab BSE:PREH 8 Beneish M-Score is 0.00 as of Jun. 29, 2026. GuruFocus rates BSE:PREH with a GF Score™ of 8/100.

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 Prefab's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Prefab was 0.00. The lowest was 0.00. And the median was 0.00.

Prefab Beneish M-Score Related Terms

Prefab Beneish M-Score Historical Data

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The historical data trend for Prefab'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.

Prefab Beneish M-Score Chart

Prefab Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

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-2.85

-2.76

-2.41

-2.44

-2.78

Prefab Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Beneish M-Score	Get a 7-Day Free Trial															-2.21	-2.44	-3.10	-2.78	0.00

BSE:PREH vs TT, JCI, CARR: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, Prefab'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.

Prefab Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, Prefab's Beneish M-Score distribution charts can be found below:

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

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Prefab SA BSE:PREH

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Prefab 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 Prefab 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 * 0.8114

0.528 * 1.6501

0.404 * 0.2657

0.892 * 1.17

0.115 * 1.0067

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.5558

4.679 * -0.042275

0.327 * 1.1084

-2.78

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was lei36.4 Mil.
Revenue was lei115.4 Mil.
Gross Profit was lei10.5 Mil.
Total Current Assets was lei59.8 Mil.
Total Assets was lei265.2 Mil.
Property, Plant and Equipment(Net PPE) was lei205.4 Mil.
Depreciation, Depletion and Amortization(DDA) was lei9.6 Mil.
Selling, General, & Admin. Expense(SGA) was lei10.3 Mil.
Total Current Liabilities was lei39.5 Mil.
Long-Term Debt & Capital Lease Obligation was lei4.3 Mil.
Net Income was lei0.9 Mil.
Gross Profit was lei0.0 Mil.
Cash Flow from Operations was lei12.1 Mil.

Total Receivables was lei38.4 Mil.
Revenue was lei98.7 Mil.
Gross Profit was lei14.8 Mil.
Total Current Assets was lei62.9 Mil.
Total Assets was lei264.9 Mil.
Property, Plant and Equipment(Net PPE) was lei201.9 Mil.
Depreciation, Depletion and Amortization(DDA) was lei9.5 Mil.
Selling, General, & Admin. Expense(SGA) was lei5.6 Mil.
Total Current Liabilities was lei35.1 Mil.
Long-Term Debt & Capital Lease Obligation was lei4.3 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)
	=	(36.42 / 115.427)	/	(38.364 / 98.659)
	=	0.315524	/	0.388855
	=	0.8114

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)
	=	(14.799 / 98.659)	/	(10.493 / 115.427)
	=	0.150002	/	0.090906
	=	1.6501

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 - (59.763 + 205.398) / 265.171)	/	(1 - (62.947 + 201.89) / 264.875)
	=	3.8E-5	/	0.000143
	=	0.2657

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
	=	115.427	/	98.659
	=	1.17

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))
	=	(9.46 / (9.46 + 201.89))	/	(9.557 / (9.557 + 205.398))
	=	0.04476	/	0.04446
	=	1.0067

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)
	=	(10.257 / 115.427)	/	(5.635 / 98.659)
	=	0.088861	/	0.057116
	=	1.5558

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)
	=	((4.282 + 39.468) / 265.171)	/	((4.328 + 35.101) / 264.875)
	=	0.164988	/	0.148859
	=	1.1084

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
	=	(0.917 - 0	-	12.127)	/	265.171
	=	-0.042275

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.

Prefab has a M-score of -2.78 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?

Prefab (BSE:PREH) has a Beneish M-Score of 0.00 as of Jun. 29, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Prefab and its competitors.

Is Prefab's Beneish M-Score too high?

Prefab's current Beneish M-Score is 0.00. Overall, Prefab has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.

How does Prefab's Beneish M-Score compare to TT and JCI?

Prefab's Beneish M-Score of 0.00 can be compared against companies in the Construction 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 Construction company?

A good Beneish M-Score depends on the Construction 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 Prefab and its competitors. Prefab'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 Prefab stock overvalued right now?

Prefab (BSE:PREH) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Prefab's overall GF Score™ is 8/100. 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 Prefab (BSE:PREH), the current Beneish M-Score is 0.00 as of Jun. 29, 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.

Prefab Business Description

Industry Industrials Construction

Comparable Companies BSE:CMCM BSE:ENP TT JCI CARR XPAR:SGO TSE:6367 XSWX:GEBN LII CSL MAS BLDR DUB:KRX XSWX:BEAN OC WMS SPXC AWI OSTO:NIBE B OCSE:ROCK A

Address Strada Dr. Iacob Felix, No. 17-19, 2nd Floor, Sector 1, Bucharest, ROU, 040286

Website http://www.prefab.ro

Prefab SA is engaged in the production and sale of precast concrete products for the construction materials industry. Its product offerings include cellular and autoclaved concrete blocks, prestressed concrete tubes, prefabricated concrete elements for bridges and footbridges, fences, and others. Along with its subsidiaries, it also performs other activities such as execution of metal structures, execution of construction and assembly works, production of electrical and thermal energy, execution of wood and PVC joinery, goods transport activity, extraction and sorting of mineral aggregates from the Danube riverbed. The company generates key revenue from its autoclaved cellular concrete products business. Geographically, it derives key revenue from Romania followed by Bulgaria and Moldova.

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