DMCI HoldingsDMCHY 75 Beneish M-Score is -2.53 as of Jun. 26, 2026. GuruFocus rates DMCHY with a GF Score™ of 75/100 and a GF Value™ of $2.08 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 537 Conglomerates companies, DMCI Holdings ranks better than 53.82% 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 -2.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for DMCI Holdings's Beneish M-Score or its related term are showing as below:
DMCHY'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.08 Med: -2.61 Max: -2.05
Current: -2.53
During the past 13 years, the highest Beneish M-Score of DMCI Holdings was -2.05. The lowest was -3.08. And the median was -2.61.
DMCI Holdings Beneish M-Score Related Terms
DMCI Holdings Beneish M-Score Historical Data
* Premium members only.
The historical data trend for DMCI 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.
For the Conglomerates subindustry, DMCI 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.
DMCI Holdings Beneish M-Score vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, DMCI Holdings's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where DMCI Holdings's Beneish M-Score falls into.
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 DMCI Holdings 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 * 0.9181
+
0.528 * 1.1846
+
0.404 * 0.9542
+
0.892 * 1.0102
+
0.115 * 0.8186
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.1097
+
4.679 * -0.012685
-
0.327 * 0.8871
=
-2.53
* 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.
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.
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))
=
(157.536 / (157.536 + 1424.5))
/
(183.548 / (183.548 + 1325.38))
=
0.099578
/
0.121641
=
0.8186
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
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
=
(242.725 - 0
-
302.528)
/
4714.645
=
-0.012685
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.
DMCI Holdings has a M-score of -2.53 suggests that the company is unlikely to be a manipulator.
DMCI Holdings (DMCHY) has a Beneish M-Score of -2.53 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on DMCI Holdings and its competitors. According to the industry distribution chart, DMCI Holdings ranks #248 out of 537 companies in the Conglomerates industry, placing it in the top 46.2%.
Is DMCI Holdings' Beneish M-Score too high?
DMCI Holdings' current Beneish M-Score is -2.53. Based on the distribution chart, DMCI Holdings ranks #248 out of 537 companies in the Conglomerates industry, which is above the industry midpoint. Overall, DMCI Holdings has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMCI Holdings' Beneish M-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, DMCI Holdings ranks #248 out of 537 companies for Beneish M-Score. This puts DMCI Holdings 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 a Conglomerates company?
A good Beneish M-Score depends on the Conglomerates 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 DMCI Holdings and its competitors. DMCI Holdings's current Beneish M-Score is -2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMCI Holdings stock overvalued right now?
Based on GuruFocus' analysis, DMCI Holdings (DMCHY) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.08, compared to a current price of $1.45 — trading 30.3% below its estimated fair value. The current Beneish M-Score is -2.53. DMCI Holdings' overall GF Score™ is 75/100 with 4 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 DMCI Holdings (DMCHY), the current Beneish M-Score is -2.53 as of Jun. 26, 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 DMCI Holdings (DMCHY) Overvalued in 2026?
Based on GuruFocus' analysis, DMCI Holdings stock appears to be undervalued.
The current stock price of $1.45 is trading 30.3% below its estimated GF Value™ of $2.08.
GuruFocus considers DMCI Holdings to be Significantly Undervalued.
Key valuation signals for DMCHY:
Beneish M-Score: -2.53
GF Value™: $2.08 vs. price of $1.45 (30.3% below fair value)
No single metric tells the full story. See the DMCHY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DMCI Holdings Inc is an engineering conglomerate in the Philippines, operating in construction, real estate, coal mining, nickel mining, power generation, and water distribution businesses. The activities of the company include construction-related businesses such as the production and trading of concrete products, exploration, mining, and development of coal resources, mining and selling nickel ore, residential development, power generation through coal-fired power plants and satellite power plants, water services, and others. It organizes its business into operating segments: construction and others, coal mining, nickel mining, real estate, on-grid power, off-grid power, water, and cement manufacturing. It generates the majority of its revenue from the coal mining segment.
75GF Score
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