CLVR (Clever Leaves Holdings) Beneish M-Score: 0.00 (As of Jun. 24, 2026)

What is Clever Leaves Holdings Beneish M-Score?

Clever Leaves Holdings CLVR -99.50% 12 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates CLVR with a GF Score™ of 12/100.

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 Clever Leaves Holdings's Beneish M-Score or its related term are showing as below:

During the past 5 years, the highest Beneish M-Score of Clever Leaves Holdings was 0.00. The lowest was 0.00. And the median was 0.00.

Clever Leaves Holdings Beneish M-Score Related Terms

Clever Leaves Holdings Beneish M-Score Historical Data

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The historical data trend for Clever Leaves Holdings'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.

Clever Leaves Holdings Beneish M-Score Chart

Clever Leaves Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

0.00

-1.84

-4.21

-3.26

Clever Leaves Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Beneish M-Score	Get a 7-Day Free Trial												-4.21	-3.96	-4.72	-5.24	-3.26

CLVR vs CNNC, CLSH, PRFX: Beneish M-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Clever Leaves Holdings'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.

Clever Leaves Holdings Beneish M-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Clever Leaves Holdings's Beneish M-Score distribution charts can be found below:

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

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Clever Leaves Holdings Inc CLVR

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

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Clever Leaves Holdings 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 Clever Leaves Holdings 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 * 0.4599

0.528 * 1.1684

0.404 * 0.6542

0.892 * 1.0614

0.115 * 1.0892

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.7338

4.679 * -0.073681

0.327 * 1.0102

-3.26

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $2.08 Mil.
Revenue was 4.638 + 3.82 + 4.981 + 3.978 = $17.42 Mil.
Gross Profit was -0.346 + 1.942 + 2.726 + 2.234 = $6.56 Mil.
Total Current Assets was $13.94 Mil.
Total Assets was $31.24 Mil.
Property, Plant and Equipment(Net PPE) was $13.15 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.85 Mil.
Selling, General, & Admin. Expense(SGA) was $20.05 Mil.
Total Current Liabilities was $5.81 Mil.
Long-Term Debt & Capital Lease Obligation was $1.20 Mil.
Net Income was -5.085 + -5.138 + -3.595 + -4.081 = $-17.90 Mil.
Non Operating Income was -0.111 + -3.889 + -0.051 + -0.038 = $-4.09 Mil.
Cash Flow from Operations was -1.543 + -2.201 + -1.687 + -6.077 = $-11.51 Mil.

Total Receivables was $4.26 Mil.
Revenue was 4.402 + 2.867 + 4.1 + 5.041 = $16.41 Mil.
Gross Profit was 0.844 + 1.299 + 2.481 + 2.593 = $7.22 Mil.
Total Current Assets was $26.25 Mil.
Total Assets was $52.10 Mil.
Property, Plant and Equipment(Net PPE) was $15.27 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.67 Mil.
Selling, General, & Admin. Expense(SGA) was $25.75 Mil.
Total Current Liabilities was $9.43 Mil.
Long-Term Debt & Capital Lease Obligation was $2.15 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)
	=	(2.079 / 17.417)	/	(4.259 / 16.41)
	=	0.119366	/	0.259537
	=	0.4599

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)
	=	(7.217 / 16.41)	/	(6.556 / 17.417)
	=	0.439793	/	0.376414
	=	1.1684

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 - (13.94 + 13.15) / 31.243)	/	(1 - (26.247 + 15.266) / 52.098)
	=	0.132926	/	0.203175
	=	0.6542

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
	=	17.417	/	16.41
	=	1.0614

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))
	=	(3.672 / (3.672 + 15.266))	/	(2.848 / (2.848 + 13.15))
	=	0.193896	/	0.178022
	=	1.0892

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)
	=	(20.05 / 17.417)	/	(25.745 / 16.41)
	=	1.151174	/	1.56886
	=	0.7338

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)
	=	((1.203 + 5.811) / 31.243)	/	((2.152 + 9.426) / 52.098)
	=	0.224498	/	0.222235
	=	1.0102

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
	=	(-17.899 - -4.089	-	-11.508)	/	31.243
	=	-0.073681

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.

Clever Leaves Holdings has a M-score of -3.26 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?

Clever Leaves Holdings (CLVR) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Clever Leaves Holdings and its competitors.

Is Clever Leaves Holdings' Beneish M-Score too high?

Clever Leaves Holdings' current Beneish M-Score is 0.00. Overall, Clever Leaves Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Clever Leaves Holdings' Beneish M-Score compare to CNNC and CLSH?

Clever Leaves Holdings' Beneish M-Score of 0.00 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?

A good Beneish M-Score depends on the Drug Manufacturers 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 Clever Leaves Holdings and its competitors. Clever Leaves Holdings'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 Clever Leaves Holdings stock overvalued right now?

Clever Leaves Holdings (CLVR) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Clever Leaves Holdings' overall GF Score™ is 12/100. 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 Clever Leaves Holdings (CLVR), the current Beneish M-Score is 0.00 as of Jun. 24, 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.

Clever Leaves Holdings Business Description

Industry Healthcare Drug Manufacturers

Comparable Companies CNNC CLSH PRFX AGRX OWPC KOAN ABTI PLSH STEK INQD ZTS XTER:MRK TSE:4502 LSE:HLN NSE:SUNPHARMA TSE:4523 TSE:4507 SZSE:000538 XSWX:SDZ HKSE:03692

Address Bodega 19-B Parque Industrial Tibitoc P.H, Tocancipa, Cundinamarca, Bogota, COL

Website https://www.cleverleaves.com

Clever Leaves Holdings Inc is a producer of pharmaceutical and consumer cannabis brands. The company operates and has investments in Canada, Colombia, Germany, Portugal, and the United States. The company operates in two reportable segments namely, the Cannabinoid segment which is comprised of the company's cultivation, extraction, and commercialization of cannabinoid products; and the Non-Cannabinoid operating segment which generates maximum revenue and is engaged in the business of formulating, manufacturing, marketing, selling, distributing, and otherwise commercializing nutraceutical and other natural remedies, wellness products, detoxification products, and nutritional and dietary supplements.

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