Dynamite Blockchain (HAM:EVB) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


What is Dynamite Blockchain Beneish M-Score?

Dynamite Blockchain HAM:EVB -15.38% Beneish M-Score is 0.00 as of Jun. 26, 2026. The stock has 1 warning sign investors should review. Among 2,634 Software companies, Dynamite Blockchain ranks worse than 37965.03% 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.

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

During the past 12 years, the highest Beneish M-Score of Dynamite Blockchain was -115.19. The lowest was -115.19. And the median was -115.19.

Dynamite Blockchain Beneish M-Score Historical Data

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The historical data trend for Dynamite Blockchain'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.

Dynamite Blockchain Beneish M-Score Chart

Dynamite Blockchain Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Dynamite Blockchain Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 0.00 0.00 0.00 0.00 0.00

HAM:EVB vs MSFT, ORCL, PLTR: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Dynamite Blockchain'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.

Dynamite Blockchain Beneish M-Score vs Software Industry

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

* The bar in red indicates where Dynamite Blockchain's Beneish M-Score falls into.


Dynamite Blockchain 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 Dynamite Blockchain 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Jan26) TTM:Last Year (Jan25) TTM:
Total Receivables was €0.01 Mil.
Revenue was 0 + 0 + 0 + 0.001 = €0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = €0.00 Mil.
Total Current Assets was €0.13 Mil.
Total Assets was €4.85 Mil.
Property, Plant and Equipment(Net PPE) was €0.01 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.48 Mil.
Selling, General, & Admin. Expense(SGA) was €0.76 Mil.
Total Current Liabilities was €0.83 Mil.
Long-Term Debt & Capital Lease Obligation was €0.23 Mil.
Net Income was -1.292 + -0.298 + -0.289 + -0.33 = €-2.21 Mil.
Non Operating Income was -0.689 + -0.003 + -0.001 + 0.002 = €-0.69 Mil.
Cash Flow from Operations was -0.191 + -0.698 + -0.089 + -0.015 = €-0.99 Mil.
 Total Receivables was €0.00 Mil.
Revenue was 0.002 + 0 + 0 + 0 = €0.00 Mil.
Gross Profit was 0.001 + 0 + 0 + 0 = €0.00 Mil.
Total Current Assets was €0.01 Mil.
Total Assets was €1.37 Mil.
Property, Plant and Equipment(Net PPE) was €0.70 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.22 Mil.
Selling, General, & Admin. Expense(SGA) was €0.64 Mil.
Total Current Liabilities was €1.53 Mil.
Long-Term Debt & Capital Lease Obligation was €0.40 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)
=(0.01 / 0.001) / (0.003 / 0.002)
=10 / 1.5
=

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)
=(0.001 / 0.002) / (0 / 0.001)
=0.5 / 0
=

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 - (0.133 + 0.008) / 4.846) / (1 - (0.008 + 0.695) / 1.374)
=0.970904 / 0.488355
=

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
=0.001 / 0.002
=

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))
=(0.215 / (0.215 + 0.695)) / (0.48 / (0.48 + 0.008))
=0.236264 / 0.983607
=

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)
=(0.757 / 0.001) / (0.643 / 0.002)
=757 / 321.5
=

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)
=((0.233 + 0.825) / 4.846) / ((0.403 + 1.53) / 1.374)
=0.218324 / 1.406841
=

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
=(-2.209 - -0.691 - -0.993) / 4.846
=-0.108337

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Dynamite Blockchain (HAM:EVB) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Dynamite Blockchain and its competitors. According to the industry distribution chart, Dynamite Blockchain ranks #999999 out of 2634 companies in the Software industry.
Is Dynamite Blockchain's Beneish M-Score too high?
Dynamite Blockchain's current Beneish M-Score is 0.00. Based on the distribution chart, Dynamite Blockchain ranks #999999 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers.
How does Dynamite Blockchain's Beneish M-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, Dynamite Blockchain ranks #999999 out of 2634 companies for Beneish M-Score. This places Dynamite Blockchain in the lower 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 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 Dynamite Blockchain and its competitors. Dynamite Blockchain'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 Dynamite Blockchain stock overvalued right now?
Dynamite Blockchain (HAM:EVB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 Dynamite Blockchain (HAM:EVB), the current Beneish M-Score is 0.00 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.

Dynamite Blockchain Business Description

Address 2400-1055 West Georgia Street, Vancouver, BC, CAN, V6E 3P3
Dynamite Blockchain Corp is a blockchain technology and infrastructure company focused on building shareholder value through its Blockchain Ecosystem, which comprises of three primary divisions: Holdings, Products and Services. The Holdings division is a component of the company's broader blockchain ecosystem and focuses on the acquisition, management and evaluation of selected digital assets and utility-based tokens. Its Holdings Division consists of four digital assets: Kaspa (KAS), Masters of Trivia (MOT), mPWR, and Kasya. The Products Division develops and acquires products that will be compatible with the digital assets in the Holdings Division. It plans to build out its Services Division by rolling out offerings built on Kaspa Secure's technology.