Pollen Street Group (CHIX:POLNL) Beneish M-Score: -2.32 (As of Jun. 25, 2026)


CHIX:POLNL Pollen Street Group Ltd CHIX:POLNL
80 GF Score
Price £8.37
GF Value £10.73
Valuation Modestly Undervalued
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What is Pollen Street Group Beneish M-Score?

Pollen Street Group CHIX:POLNL -0.06% 80 Beneish M-Score is -2.32 as of Jun. 25, 2026. GuruFocus rates CHIX:POLNL with a GF Score™ of 80/100 and a GF Value™ of £10.73 (Modestly Undervalued). Among 955 Asset Management companies, Pollen Street Group ranks better than 52.46% 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.

Good Sign:

Beneish M-Score -2.32 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

CHIX:POLNl' s Beneish M-Score Range Over the Past 10 Years
Min: -3.08   Med: -2.47   Max: -1.98
Current: -2.32

During the past 10 years, the highest Beneish M-Score of Pollen Street Group was -1.98. The lowest was -3.08. And the median was -2.47.

CHIX:POLNL
80GF Score
Pollen Street Group Ltd CHIX:POLNL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pollen Street Group 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 Pollen Street Group 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 * 1.0019+0.892 * 1.161+0.115 * 0.7567
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0626+4.679 * 0.010969-0.327 * 1.0039
=-2.32

* 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 £0.0 Mil.
Revenue was £118.5 Mil.
Gross Profit was £118.5 Mil.
Total Current Assets was £0.0 Mil.
Total Assets was £851.5 Mil.
Property, Plant and Equipment(Net PPE) was £4.7 Mil.
Depreciation, Depletion and Amortization(DDA) was £2.8 Mil.
Selling, General, & Admin. Expense(SGA) was £53.2 Mil.
Total Current Liabilities was £0.0 Mil.
Long-Term Debt & Capital Lease Obligation was £203.5 Mil.
Net Income was £56.6 Mil.
Gross Profit was £0.0 Mil.
Cash Flow from Operations was £47.2 Mil.
 Total Receivables was £0.0 Mil.
Revenue was £102.1 Mil.
Gross Profit was £102.1 Mil.
Total Current Assets was £0.0 Mil.
Total Assets was £812.3 Mil.
Property, Plant and Equipment(Net PPE) was £6.0 Mil.
Depreciation, Depletion and Amortization(DDA) was £2.4 Mil.
Selling, General, & Admin. Expense(SGA) was £43.1 Mil.
Total Current Liabilities was £0.0 Mil.
Long-Term Debt & Capital Lease Obligation was £193.4 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 / 118.523) / (0 / 102.091)
=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)
=(102.091 / 102.091) / (118.523 / 118.523)
=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 + 4.679) / 851.544) / (1 - (0 + 6.009) / 812.335)
=0.994505 / 0.992603
=1.0019

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
=118.523 / 102.091
=1.161

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))
=(2.375 / (2.375 + 6.009)) / (2.8 / (2.8 + 4.679))
=0.283278 / 0.374382
=0.7567

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)
=(53.178 / 118.523) / (43.108 / 102.091)
=0.448672 / 0.422251
=1.0626

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)
=((203.523 + 0) / 851.544) / ((193.397 + 0) / 812.335)
=0.239005 / 0.238075
=1.0039

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
=(56.566 - 0 - 47.225) / 851.544
=0.010969

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.

Pollen Street Group has a M-score of -2.32 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 -2.32 mean?
Pollen Street Group (CHIX:POLNL) has a Beneish M-Score of -2.32 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pollen Street Group and its competitors. According to the industry distribution chart, Pollen Street Group ranks #454 out of 955 companies in the Asset Management industry, placing it in the top 47.5%.
Is Pollen Street Group's Beneish M-Score too high?
Pollen Street Group's current Beneish M-Score is -2.32. Based on the distribution chart, Pollen Street Group ranks #454 out of 955 companies in the Asset Management industry, which is above the industry midpoint. Overall, Pollen Street Group has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pollen Street Group's Beneish M-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Pollen Street Group ranks #454 out of 955 companies for Beneish M-Score. This puts Pollen Street Group 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 an Asset Management company?
A good Beneish M-Score depends on the Asset Management 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 Pollen Street Group and its competitors. Pollen Street Group's current Beneish M-Score is -2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pollen Street Group stock overvalued right now?
Based on GuruFocus' analysis, Pollen Street Group (CHIX:POLNL) is currently considered Modestly Undervalued. The stock's GF Value™ is £10.73, compared to a current price of £8.37 — trading 22% below its estimated fair value. The current Beneish M-Score is -2.32. Pollen Street Group's overall GF Score™ is 80/100. 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 Pollen Street Group (CHIX:POLNL), the current Beneish M-Score is -2.32 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.

Is Pollen Street Group (CHIX:POLNL) Overvalued in 2026?

Based on GuruFocus' analysis, Pollen Street Group stock appears to be undervalued. The current stock price of £8.37 is trading 22% below its estimated GF Value™ of £10.73. GuruFocus considers Pollen Street Group to be Modestly Undervalued.

Key valuation signals for CHIX:POLNL:

  • Beneish M-Score: -2.32
  • GF Value™: £10.73 vs. price of £8.37 (22% below fair value)
  • GF Score™: 80/100

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

Pollen Street Group Business Description

Other Exchanges POLN:UK
Address 11-12 Hanover Square, London, GBR, W1S 1JJ
Pollen Street Group Ltd is an independent, alternative investment management company dedicated to investing in the financial and business services sectors. The company has two segments: the Asset Manager and Investment Company. The Asset Manager segment charges management and performance fees to the Investment company segment for managing the segment's assets. The Investment Company segment consists of the Group Investment Assets and borrowings. The company has experience investing in credit and private equity strategies and has a consistent track record of delivering top-tier returns. Geographically, it operates in UK and Europe.
80GF Score

Get the complete analysis for CHIX:POLNL

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

£8.37
Price
£10.73
GF Value