DSNY (Destiny Media Technologies) Beneish M-Score: -4.71 (As of Jun. 24, 2026)

What is Destiny Media Technologies Beneish M-Score?

Destiny Media Technologies DSNY 40 Beneish M-Score is -4.71 as of Jun. 24, 2026. GuruFocus rates DSNY with a GF Score™ of 40/100 and a GF Value™ of $0.88 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,633 Software companies, Destiny Media Technologies ranks better than 94.87% 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 -4.71 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

DSNY' s Beneish M-Score Range Over the Past 10 Years
Min: -6.05 Med: -2.88 Max: 0.44
Current: -4.71

During the past 13 years, the highest Beneish M-Score of Destiny Media Technologies was 0.44. The lowest was -6.05. And the median was -2.88.

Destiny Media Technologies Beneish M-Score Related Terms

Destiny Media Technologies Beneish M-Score Historical Data

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The historical data trend for Destiny Media Technologies'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.

Destiny Media Technologies Beneish M-Score Chart

Destiny Media Technologies Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Aug24

Aug25

Beneish M-Score

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-1.43

-1.69

-2.99

-2.80

-3.76

Destiny Media Technologies Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Beneish M-Score	Get a 7-Day Free Trial															-3.51	-3.71	-3.76	-3.96	-4.71

DSNY vs CYCA, AMZE, ORKT: Beneish M-Score Comparison

For the Software - Application subindustry, Destiny Media Technologies'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.

Destiny Media Technologies Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Destiny Media Technologies's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Destiny Media Technologies's Beneish M-Score falls into.

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Destiny Media Technologies Inc DSNY

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

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Destiny Media Technologies 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 Destiny Media Technologies 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 * 1.1521

0.528 * 1.03

0.404 * 0.2406

0.892 * 1

0.115 * 0.6354

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0884

4.679 * -0.359252

0.327 * 2.0282

-4.71

This Year (Feb26) TTM:

Last Year (Feb25) TTM:

Total Receivables was $0.96 Mil.
Revenue was 1.003 + 1.243 + 1.145 + 1.134 = $4.53 Mil.
Gross Profit was 0.835 + 1.062 + 0.925 + 0.972 = $3.79 Mil.
Total Current Assets was $2.18 Mil.
Total Assets was $2.68 Mil.
Property, Plant and Equipment(Net PPE) was $0.47 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.82 Mil.
Selling, General, & Admin. Expense(SGA) was $2.04 Mil.
Total Current Liabilities was $0.73 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.566 + 0.084 + -0.382 + -0.072 = $-0.94 Mil.
Non Operating Income was -0.047 + 0.001 + -0.005 + -0.026 = $-0.08 Mil.
Cash Flow from Operations was -0.214 + 0.299 + -0.074 + 0.091 = $0.10 Mil.

Total Receivables was $0.84 Mil.
Revenue was 1.019 + 1.227 + 1.124 + 1.155 = $4.53 Mil.
Gross Profit was 0.87 + 1.071 + 0.962 + 1.005 = $3.91 Mil.
Total Current Assets was $2.13 Mil.
Total Assets was $3.24 Mil.
Property, Plant and Equipment(Net PPE) was $0.96 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.65 Mil.
Selling, General, & Admin. Expense(SGA) was $1.88 Mil.
Total Current Liabilities was $0.44 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 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)
	=	(0.962 / 4.525)	/	(0.835 / 4.525)
	=	0.212597	/	0.18453
	=	1.1521

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)
	=	(3.908 / 4.525)	/	(3.794 / 4.525)
	=	0.863646	/	0.838453
	=	1.03

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 - (2.178 + 0.466) / 2.675)	/	(1 - (2.125 + 0.958) / 3.239)
	=	0.011589	/	0.048163
	=	0.2406

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
	=	4.525	/	4.525
	=	1

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))
	=	(0.653 / (0.653 + 0.958))	/	(0.821 / (0.821 + 0.466))
	=	0.405338	/	0.637918
	=	0.6354

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)
	=	(2.043 / 4.525)	/	(1.877 / 4.525)
	=	0.451492	/	0.414807
	=	1.0884

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 + 0.732) / 2.675)	/	((0 + 0.437) / 3.239)
	=	0.273645	/	0.134918
	=	2.0282

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
	=	(-0.936 - -0.077	-	0.102)	/	2.675
	=	-0.359252

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.

Destiny Media Technologies has a M-score of -4.71 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 -4.71 mean?

Destiny Media Technologies (DSNY) has a Beneish M-Score of -4.71 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Destiny Media Technologies and its competitors. According to the industry distribution chart, Destiny Media Technologies ranks #135 out of 2633 companies in the Software industry, placing it in the top 5.1%.

Is Destiny Media Technologies' Beneish M-Score too high?

Destiny Media Technologies' current Beneish M-Score is -4.71. Based on the distribution chart, Destiny Media Technologies ranks #135 out of 2633 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Destiny Media Technologies has a GF Score™ of 40/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Destiny Media Technologies' Beneish M-Score compare to CYCA and AMZE?

According to the Software industry distribution chart, Destiny Media Technologies ranks #135 out of 2633 companies for Beneish M-Score. This places Destiny Media Technologies in the top 5% 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 Software company?

A good Beneish M-Score depends on the Software 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 Destiny Media Technologies and its competitors. Destiny Media Technologies's current Beneish M-Score is -4.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Destiny Media Technologies stock overvalued right now?

Based on GuruFocus' analysis, Destiny Media Technologies (DSNY) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.88, compared to a current price of $0.62 — trading 29.2% below its estimated fair value. The current Beneish M-Score is -4.71. Destiny Media Technologies' overall GF Score™ is 40/100 with 3 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 Destiny Media Technologies (DSNY), the current Beneish M-Score is -4.71 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.

Is Destiny Media Technologies (DSNY) Overvalued in 2026?

Based on GuruFocus' analysis, Destiny Media Technologies stock appears to be undervalued. The current stock price of $0.62 is trading 29.2% below its estimated GF Value™ of $0.88. GuruFocus considers Destiny Media Technologies to be Modestly Undervalued.

Key valuation signals for DSNY:

Beneish M-Score: -4.71
GF Value™: $0.88 vs. price of $0.62 (29.2% below fair value)
GF Score™: 40/100 with 3 warning signs

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

Destiny Media Technologies Business Description

Industry Technology Software

Comparable Companies CYCA AMZE ORKT ONEI ALDS FTFT VS CINGF TGL IFBD XTER:SAP CRM SHOP UBER NOW ADBE CDNS INTU ADP SNOW

Other Exchanges DME1:Germany DSY:Canada

Address 1575 West Georgia Street, Suite 428, Vancouver, BC, CAN, V6G 2V3

Website http://www.dsny.com

Destiny Media Technologies Inc develops and markets software-as-a-service solutions for the music industry, with its business centered on the Play MPE platform, which distributes broadcast-quality digital content from record labels and artists to music curators and broadcasters. Its services include promotional music distribution, international and local release management, targeted recipient list management, and music-curator playback tools, along with the early-stage MTR airplay tracking service. Revenue is generated mainly from the Play MPE distribution service. The company operates internationally, serving customers across the United States, Canada, Europe, Asia, South America, Africa, and Australia.

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$0.62

Price

$0.88

GF Value

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