BTTC (Black Titan) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


BTTC Black Titan Corp BTTC
18 GF Score
Price $0.78
! 1 Warning Sign
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What is Black Titan Beneish M-Score?

Black Titan BTTC +0.91% 18 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates BTTC with a GF Score™ of 18/100. The stock has 1 warning sign investors should review. Among 2,633 Software companies, Black Titan ranks worse than 37979.45% 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.

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

During the past 4 years, the highest Beneish M-Score of Black Titan was -2.82. The lowest was -2.82. And the median was -2.82.

Black Titan Beneish M-Score Historical Data

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The historical data trend for Black Titan'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.

Black Titan Beneish M-Score Chart

Black Titan Annual Data
Trend Jul22 Jul23 Jul24 Jul25
Beneish M-Score
0.00 0.00 -2.82 0.00

Black Titan Semi-Annual Data
Jul22 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Beneish M-Score Get a 7-Day Free Trial 0.00 -2.82 0.00 0.00 0.00

BTTC vs RMSG, FTSP, QHUOD: Beneish M-Score Comparison

For the Software - Application subindustry, Black Titan'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.

Black Titan Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Black Titan's Beneish M-Score distribution charts can be found below:

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


BTTC
18GF Score
Black Titan Corp BTTC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Titan 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 Black Titan 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Jul25) TTM:Last Year (Jul24) TTM:
Total Receivables was $0.17 Mil.
Revenue was $2.68 Mil.
Gross Profit was $0.89 Mil.
Total Current Assets was $2.46 Mil.
Total Assets was $2.72 Mil.
Property, Plant and Equipment(Net PPE) was $0.26 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.06 Mil.
Selling, General, & Admin. Expense(SGA) was $0.66 Mil.
Total Current Liabilities was $1.68 Mil.
Long-Term Debt & Capital Lease Obligation was $0.09 Mil.
Net Income was $0.21 Mil.
Gross Profit was $-0.02 Mil.
Cash Flow from Operations was $0.39 Mil.
 Total Receivables was $0.29 Mil.
Revenue was $2.12 Mil.
Gross Profit was $0.69 Mil.
Total Current Assets was $2.25 Mil.
Total Assets was $2.25 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.04 Mil.
Selling, General, & Admin. Expense(SGA) was $0.57 Mil.
Total Current Liabilities was $1.56 Mil.
Long-Term Debt & Capital Lease Obligation was $0.02 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)
=(0.167 / 2.683) / (0.291 / 2.124)
=0.062244 / 0.137006
=

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)
=(0.687 / 2.124) / (0.885 / 2.683)
=0.323446 / 0.329855
=

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 - (2.463 + 0.26) / 2.723) / (1 - (2.251 + 0.001) / 2.252)
=0 / 0
=

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
=2.683 / 2.124
=

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))
=(0.036 / (0.036 + 0.001)) / (0.063 / (0.063 + 0.26))
=0.972973 / 0.195046
=

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)
=(0.659 / 2.683) / (0.568 / 2.124)
=0.245621 / 0.26742
=

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)
=((0.088 + 1.68) / 2.723) / ((0.018 + 1.555) / 2.252)
=0.649284 / 0.69849
=

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
=(0.21 - -0.024 - 0.394) / 2.723
=-0.058759

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Black Titan (BTTC) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Black Titan and its competitors. According to the industry distribution chart, Black Titan ranks #999999 out of 2633 companies in the Software industry.
Is Black Titan's Beneish M-Score too high?
Black Titan's current Beneish M-Score is 0.00. Based on the distribution chart, Black Titan ranks #999999 out of 2633 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Black Titan has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Black Titan's Beneish M-Score compare to RMSG and FTSP?
According to the Software industry distribution chart, Black Titan ranks #999999 out of 2633 companies for Beneish M-Score. This places Black Titan 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 Software company?
A good Beneish M-Score depends on the Software 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 Black Titan and its competitors. Black Titan'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 Black Titan stock overvalued right now?
Black Titan (BTTC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Black Titan's overall GF Score™ is 18/100 with 1 warning sign 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 Black Titan (BTTC), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

Black Titan Business Description

Address Jalan PJU 7/6, Level 8, Unit 8-02 The Bousteador, 10, Mutiara Damansara, Petaling Jaya, SGR, MYS, 47800
Black Titan Corp provides human resource and payroll consulting, software implementation, and training solutions using PeopleSoft platforms. The company's revenue is mainly derived from the provision of HCM solutions, followed by the provision of IT staff augmentation, outsourcing and consulting services.
18GF Score

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

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