Banco Provincial (CAR:BPV) Beneish M-Score: 8.05 (As of Jul. 13, 2026)

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CAR:BPV Banco Provincial SA CAR:BPV
85 GF Score
Price VES126.00
GF Value VES32.53
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Banco Provincial Beneish M-Score?

Banco Provincial CAR:BPV 85 Beneish M-Score is 8.05 as of Jul. 13, 2026. GuruFocus rates CAR:BPV with a GF Score™ of 85/100 and a GF Value™ of VES32.53 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,399 Banks companies, Banco Provincial ranks worse than 99.5% 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.

Warning Sign:

Beneish M-Score 8.05 higher than -1.78, which implies that the company might have manipulated its financial results.

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

CAR:BPV' s Beneish M-Score Range Over the Past 10 Years
Min: -327.31   Med: -0.28   Max: 14.08
Current: 8.05

During the past 13 years, the highest Beneish M-Score of Banco Provincial was 14.08. The lowest was -327.31. And the median was -0.28.

CAR:BPV
85GF Score
Banco Provincial SA CAR:BPV
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Banco Provincial 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 Provincial 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 * 1.0033+0.892 * 12.3466+0.115 * 1.9304
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.5636+4.679 * -0.012485-0.327 * 0.1429
=8.05

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was VES0 Mil.
Revenue was VES50,406 Mil.
Gross Profit was VES50,406 Mil.
Total Current Assets was VES0 Mil.
Total Assets was VES279,161 Mil.
Property, Plant and Equipment(Net PPE) was VES2,867 Mil.
Depreciation, Depletion and Amortization(DDA) was VES132 Mil.
Selling, General, & Admin. Expense(SGA) was VES8,550 Mil.
Total Current Liabilities was VES0 Mil.
Long-Term Debt & Capital Lease Obligation was VES0 Mil.
Net Income was VES25,652 Mil.
Gross Profit was VES0 Mil.
Cash Flow from Operations was VES29,138 Mil.
 Total Receivables was VES0 Mil.
Revenue was VES4,083 Mil.
Gross Profit was VES4,083 Mil.
Total Current Assets was VES0 Mil.
Total Assets was VES42,090 Mil.
Property, Plant and Equipment(Net PPE) was VES570 Mil.
Depreciation, Depletion and Amortization(DDA) was VES53 Mil.
Selling, General, & Admin. Expense(SGA) was VES1,229 Mil.
Total Current Liabilities was VES0 Mil.
Long-Term Debt & Capital Lease Obligation was VES0 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 / 50406.118) / (0 / 4082.588)
=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)
=(4082.588 / 4082.588) / (50406.118 / 50406.118)
=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 + 2867.247) / 279161.375) / (1 - (0 + 570.385) / 42089.752)
=0.989729 / 0.986448
=1.0033

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
=50406.118 / 4082.588
=12.3466

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))
=(53.1 / (53.1 + 570.385)) / (132.339 / (132.339 + 2867.247))
=0.085166 / 0.044119
=1.9304

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)
=(8549.946 / 50406.118) / (1228.621 / 4082.588)
=0.169621 / 0.300942
=0.5636

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)
=((0.271 + 0) / 279161.375) / ((0.299 + 0) / 42089.752)
=1.0E-6 / 7.0E-6
=0.1429

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
=(25652.278 - 0 - 29137.558) / 279161.375
=-0.012485

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 Provincial has a M-score of 8.05 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 8.05 mean?
Banco Provincial (CAR:BPV) has a Beneish M-Score of 8.05 as of Jul. 13, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Banco Provincial and its competitors. According to the industry distribution chart, Banco Provincial ranks #1392 out of 1399 companies in the Banks industry, placing it in the top 99.5%.
Is Banco Provincial's Beneish M-Score too high?
Banco Provincial's current Beneish M-Score is 8.05. Based on the distribution chart, Banco Provincial ranks #1392 out of 1399 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banco Provincial has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banco Provincial's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Banco Provincial ranks #1392 out of 1399 companies for Beneish M-Score. This places Banco Provincial 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 Provincial and its competitors. Banco Provincial's current Beneish M-Score is 8.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Banco Provincial stock overvalued right now?
Based on GuruFocus' analysis, Banco Provincial (CAR:BPV) is currently considered Significantly Overvalued. The stock's GF Value™ is VES32.53, compared to a current price of VES126.00 — trading 287.3% above its estimated fair value. The current Beneish M-Score is 8.05. Banco Provincial's overall GF Score™ is 85/100 with 2 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 Banco Provincial (CAR:BPV), the current Beneish M-Score is 8.05 as of Jul. 13, 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 Banco Provincial (CAR:BPV) Overvalued in 2026?

Based on GuruFocus' analysis, Banco Provincial stock appears to be overvalued. The current stock price of VES126.00 is trading 287.3% above its estimated GF Value™ of VES32.53. GuruFocus considers Banco Provincial to be Significantly Overvalued.

Key valuation signals for CAR:BPV:

  • Beneish M-Score: 8.05
  • GF Value™: VES32.53 vs. price of VES126.00 (287.3% above fair value)
  • GF Score™: 85/100 with 2 warning signs

No single metric tells the full story. See the CAR:BPV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Banco Provincial Business Description

Address Volmer Avenue with East Avenue 0, Provincial Financial Center, 14th floor, San Bernardino urbanization, Caracas, VEN
Banco Provincial SA operates as a bank in Venezuela. The company offers Current, Savings, foreign currency accounts, mutual funds, Gold credit cards, classic credit cards, and debit cards. It also provides various banking services, including personal loans, mortgage loans, vehicle loans, and flexible credit to its customers in Venezuela.
85GF Score

Get the complete analysis for CAR:BPV

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

VES126.00
Price
VES32.53
GF Value