DHTI (Dalrada Technology Group) Beneish M-Score: -2.94 (As of Jun. 24, 2026)


What is Dalrada Technology Group Beneish M-Score?

Dalrada Technology Group DHTI +50.96% Beneish M-Score is -2.94 as of Jun. 24, 2026. The stock has 8 warning signs investors should review. Among 632 Healthcare Providers & Services companies, Dalrada Technology Group ranks better than 75.47% 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.

Good Sign:

Beneish M-Score -2.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

DHTI' s Beneish M-Score Range Over the Past 10 Years
Min: -6746.55   Med: -2.81   Max: 213.76
Current: -2.94

During the past 13 years, the highest Beneish M-Score of Dalrada Technology Group was 213.76. The lowest was -6746.55. And the median was -2.81.

Dalrada Technology Group Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Dalrada Technology Group'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.

Dalrada Technology Group Beneish M-Score Chart

Dalrada Technology Group Annual Data
Trend Jun05 Jun06 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.78 3.31 -5.25 -12.62 -4.17

Dalrada Technology Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.81 -4.17 -2.69 -3.44 -2.94

DHTI vs PMHS, RDGT, BLMH: Beneish M-Score Comparison

For the Pharmaceutical Retailers subindustry, Dalrada Technology Group'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.

Dalrada Technology Group Beneish M-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Dalrada Technology Group's Beneish M-Score distribution charts can be found below:

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


Dalrada Technology 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 Dalrada Technology 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 * 1.252+0.528 * 0.6096+0.404 * 0.8199+0.892 * 0.8672+0.115 * 0.8152
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8546+4.679 * -0.036404-0.327 * 1.4056
=-2.94

* 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $4.16 Mil.
Revenue was 2.567 + 3.26 + 4.099 + 6.583 = $16.51 Mil.
Gross Profit was 0.78 + 1.125 + 0.56 + 1.898 = $4.36 Mil.
Total Current Assets was $7.95 Mil.
Total Assets was $17.72 Mil.
Property, Plant and Equipment(Net PPE) was $3.95 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.92 Mil.
Selling, General, & Admin. Expense(SGA) was $20.06 Mil.
Total Current Liabilities was $29.90 Mil.
Long-Term Debt & Capital Lease Obligation was $8.43 Mil.
Net Income was -4.327 + -4.418 + -6.059 + -6.93 = $-21.73 Mil.
Non Operating Income was 0.012 + 0.005 + -0.001 + -3.213 = $-3.20 Mil.
Cash Flow from Operations was -2.802 + 0.955 + -4.217 + -11.828 = $-17.89 Mil.
 Total Receivables was $3.83 Mil.
Revenue was 4.574 + 3.115 + 6.031 + 5.318 = $19.04 Mil.
Gross Profit was 1.405 + 0.835 + 1.163 + -0.336 = $3.07 Mil.
Total Current Assets was $7.56 Mil.
Total Assets was $21.75 Mil.
Property, Plant and Equipment(Net PPE) was $5.48 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.00 Mil.
Selling, General, & Admin. Expense(SGA) was $27.06 Mil.
Total Current Liabilities was $23.10 Mil.
Long-Term Debt & Capital Lease Obligation was $10.37 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)
=(4.155 / 16.509) / (3.827 / 19.038)
=0.251681 / 0.201019
=1.252

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)
=(3.067 / 19.038) / (4.363 / 16.509)
=0.161099 / 0.26428
=0.6096

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 - (7.95 + 3.947) / 17.718) / (1 - (7.555 + 5.479) / 21.748)
=0.328536 / 0.400681
=0.8199

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
=16.509 / 19.038
=0.8672

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))
=(0.997 / (0.997 + 5.479)) / (0.919 / (0.919 + 3.947))
=0.153953 / 0.188861
=0.8152

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)
=(20.055 / 16.509) / (27.062 / 19.038)
=1.214792 / 1.421473
=0.8546

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)
=((8.425 + 29.904) / 17.718) / ((10.373 + 23.097) / 21.748)
=2.16328 / 1.538992
=1.4056

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
=(-21.734 - -3.197 - -17.892) / 17.718
=-0.036404

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.

Dalrada Technology Group has a M-score of -2.94 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 -2.94 mean?
Dalrada Technology Group (DHTI) has a Beneish M-Score of -2.94 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dalrada Technology Group and its competitors. According to the industry distribution chart, Dalrada Technology Group ranks #155 out of 632 companies in the Healthcare Providers & Services industry, placing it in the top 24.5%.
Is Dalrada Technology Group's Beneish M-Score too high?
Dalrada Technology Group's current Beneish M-Score is -2.94. Based on the distribution chart, Dalrada Technology Group ranks #155 out of 632 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers.
How does Dalrada Technology Group's Beneish M-Score compare to PMHS and RDGT?
According to the Healthcare Providers & Services industry distribution chart, Dalrada Technology Group ranks #155 out of 632 companies for Beneish M-Score. This places Dalrada Technology Group in the top 25% of its industry — outperforming the majority of peers. 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 Healthcare Providers & Services company?
A good Beneish M-Score depends on the Healthcare Providers & Services 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 Dalrada Technology Group and its competitors. Dalrada Technology Group's current Beneish M-Score is -2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dalrada Technology Group stock overvalued right now?
Based on GuruFocus' analysis, Dalrada Technology Group (DHTI) is currently considered Possible Value Trap. The stock's GF Value™ is $0.05, compared to a current price of $0.02 — trading 52.6% below its estimated fair value. The current Beneish M-Score is -2.94. 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 Dalrada Technology Group (DHTI), the current Beneish M-Score is -2.94 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.

Dalrada Technology Group Business Description

Address 600 La Terraza Boulevard, Escondido, CA, USA, 92025
Dalrada Technology Group Inc is a United States-based company engaged in providing commercial and home heat pumps, building advanced physical deposition solutions for semiconductor manufacturers and clean energy applications, and driving enhanced healthcare initiatives through its subsidiaries like specialty pharmacy. Its business segments include: Climate Technology; Deposition Technology; and Genefic Healthcare.