ESHSF (Eddy Smart Home Solutions) Beneish M-Score: -3.53 (As of Jun. 24, 2026)


ESHSF Eddy Smart Home Solutions Ltd ESHSF
49 GF Score
Price $1.00
GF Value $1.03
! 3 Warning Signs
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What is Eddy Smart Home Solutions Beneish M-Score?

Eddy Smart Home Solutions ESHSF -57.08% 49 Beneish M-Score is -3.53 as of Jun. 24, 2026. GuruFocus rates ESHSF with a GF Score™ of 49/100 and a GF Value™ of $1.03. The stock has 3 warning signs investors should review. Among 2,403 Hardware companies, Eddy Smart Home Solutions ranks better than 92.8% 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 -3.53 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Eddy Smart Home Solutions's Beneish M-Score or its related term are showing as below:

ESHSF' s Beneish M-Score Range Over the Past 10 Years
Min: -1056.37   Med: -3.03   Max: 2.47
Current: -3.53

During the past 6 years, the highest Beneish M-Score of Eddy Smart Home Solutions was 2.47. The lowest was -1056.37. And the median was -3.03.

Eddy Smart Home Solutions Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Eddy Smart Home Solutions'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.

Eddy Smart Home Solutions Beneish M-Score Chart

Eddy Smart Home Solutions Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -4.74 -2.71 -3.69

Eddy Smart Home Solutions Quarterly Data
Mar21 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 -3.03 -2.68 -2.75 -3.69 -3.53

ESHSF vs COHR, KEYS, GRMN: Beneish M-Score Comparison

For the Scientific & Technical Instruments subindustry, Eddy Smart Home Solutions'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.

Eddy Smart Home Solutions Beneish M-Score vs Hardware Industry

For the Hardware industry and Technology sector, Eddy Smart Home Solutions's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Eddy Smart Home Solutions's Beneish M-Score falls into.


ESHSF
49GF Score
Eddy Smart Home Solutions Ltd ESHSF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Eddy Smart Home Solutions 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 Eddy Smart Home Solutions 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 * 0.8905+0.528 * 0.875+0.404 * 0.9471+0.892 * 1.3086+0.115 * 0.9041
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9429+4.679 * -0.230662-0.327 * 1.0469
=-3.49

* 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 $1.69 Mil.
Revenue was 0.899 + 0.97 + 0.899 + 0.781 = $3.55 Mil.
Gross Profit was 0.617 + 0.623 + 0.525 + 0.465 = $2.23 Mil.
Total Current Assets was $4.66 Mil.
Total Assets was $10.03 Mil.
Property, Plant and Equipment(Net PPE) was $0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.28 Mil.
Selling, General, & Admin. Expense(SGA) was $4.92 Mil.
Total Current Liabilities was $6.60 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.587 + -0.705 + -0.055 + -0.741 = $-2.09 Mil.
Non Operating Income was 0.003 + 0.733 + 0.015 + 0.006 = $0.76 Mil.
Cash Flow from Operations was -0.308 + 0.114 + -0.265 + -0.072 = $-0.53 Mil.
 Total Receivables was $1.45 Mil.
Revenue was 0.743 + 0.891 + 0.532 + 0.546 = $2.71 Mil.
Gross Profit was 0.46 + 0.571 + 0.192 + 0.268 = $1.49 Mil.
Total Current Assets was $3.77 Mil.
Total Assets was $8.75 Mil.
Property, Plant and Equipment(Net PPE) was $0.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.26 Mil.
Selling, General, & Admin. Expense(SGA) was $3.99 Mil.
Total Current Liabilities was $5.49 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)
=(1.692 / 3.549) / (1.452 / 2.712)
=0.476754 / 0.535398
=0.8905

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)
=(1.491 / 2.712) / (2.23 / 3.549)
=0.549779 / 0.628346
=0.875

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 - (4.662 + 0.02) / 10.032) / (1 - (3.772 + 0.049) / 8.745)
=0.533293 / 0.563065
=0.9471

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
=3.549 / 2.712
=1.3086

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))
=(0.264 / (0.264 + 0.049)) / (0.278 / (0.278 + 0.02))
=0.84345 / 0.932886
=0.9041

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)
=(4.921 / 3.549) / (3.988 / 2.712)
=1.386588 / 1.470501
=0.9429

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 + 6.598) / 10.032) / ((0 + 5.494) / 8.745)
=0.657695 / 0.628245
=1.0469

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
=(-2.088 - 0.757 - -0.531) / 10.032
=-0.230662

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.

Eddy Smart Home Solutions has a M-score of -3.49 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 -3.53 mean?
Eddy Smart Home Solutions (ESHSF) has a Beneish M-Score of -3.53 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Eddy Smart Home Solutions and its competitors. According to the industry distribution chart, Eddy Smart Home Solutions ranks #173 out of 2403 companies in the Hardware industry, placing it in the top 7.2%.
Is Eddy Smart Home Solutions' Beneish M-Score too high?
Eddy Smart Home Solutions' current Beneish M-Score is -3.53. Based on the distribution chart, Eddy Smart Home Solutions ranks #173 out of 2403 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Eddy Smart Home Solutions has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Eddy Smart Home Solutions' Beneish M-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, Eddy Smart Home Solutions ranks #173 out of 2403 companies for Beneish M-Score. This places Eddy Smart Home Solutions in the top 7% 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 Hardware company?
A good Beneish M-Score depends on the Hardware 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 Eddy Smart Home Solutions and its competitors. Eddy Smart Home Solutions's current Beneish M-Score is -3.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eddy Smart Home Solutions stock overvalued right now?
Eddy Smart Home Solutions (ESHSF) has a current Beneish M-Score of -3.53. The stock's GF Value™ is $1.03, compared to a current price of $1.00 — trading 2.9% below its estimated fair value. The current Beneish M-Score is -3.53. Eddy Smart Home Solutions' overall GF Score™ is 49/100 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 Eddy Smart Home Solutions (ESHSF), the current Beneish M-Score is -3.53 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 Eddy Smart Home Solutions (ESHSF) Overvalued in 2026?

Based on GuruFocus' analysis, Eddy Smart Home Solutions stock appears to be undervalued. The current stock price of $1.00 is trading 2.9% below its estimated GF Value™ of $1.03.

Key valuation signals for ESHSF:

  • Beneish M-Score: -3.53
  • GF Value™: $1.03 vs. price of $1.00 (2.9% below fair value)
  • GF Score™: 49/100 with 3 warning signs

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

Eddy Smart Home Solutions Business Description

Other Exchanges EDY:Canada
Address 6 Eglinton Avenue E, Suite 200, Toronto, ON, CAN, M4P 1A6
Eddy Smart Home Solutions Ltd is a North American provider and developer of commercial and residential smart water metering products and monitoring services, helping property owners and developers protect, control and conserve water usage by combining water sensing devices with behavioural learning software. The company operates in three segments: Multi-Family Residential (MFR), Single-Family Residential (SFR) and Commercial and Industrial (C&I).
49GF Score

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

$1.00
Price
$1.03
GF Value