Hyorc (HYOR) Beneish M-Score: -3.38 (As of Jun. 24, 2026)


What is Hyorc Beneish M-Score?

Hyorc HYOR -3.75% Beneish M-Score is -3.38 as of Jun. 24, 2026. The stock has 3 warning signs investors should review. Among 2,926 Industrial Products companies, Hyorc ranks better than 93.64% 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 -3.38 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

HYOR' s Beneish M-Score Range Over the Past 10 Years
Min: -3.38   Med: -3.38   Max: -3.38
Current: -3.38

During the past 13 years, the highest Beneish M-Score of Hyorc was -3.38. The lowest was -3.38. And the median was -3.38.

Hyorc Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Hyorc'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.

Hyorc Beneish M-Score Chart

Hyorc Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 -3.38

Hyorc Semi-Annual Data
Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec24 Dec25
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 0.00 0.00 0.00 0.00 -3.38

HYOR vs INLF, CVV, SPPL: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, Hyorc'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.

Hyorc Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hyorc's Beneish M-Score distribution charts can be found below:

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


Hyorc 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 Hyorc 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+0.528 * 1+0.404 * 1.0054+0.892 * 0.0956+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 3.3419+4.679 * 0.00322-0.327 * 0.0959
=-3.38

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $0.04 Mil.
Revenue was $0.06 Mil.
Gross Profit was $0.06 Mil.
Total Current Assets was $0.06 Mil.
Total Assets was $21.74 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.33 Mil.
Total Current Liabilities was $0.02 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-0.55 Mil.
Gross Profit was $-0.29 Mil.
Cash Flow from Operations was $-0.34 Mil.
 Total Receivables was $0.00 Mil.
Revenue was $0.62 Mil.
Gross Profit was $0.62 Mil.
Total Current Assets was $0.18 Mil.
Total Assets was $22.24 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.02 Mil.
Total Current Liabilities was $0.16 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)
=(0.037 / 0.059) / (0 / 0.617)
=0.627119 / 0
=1

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)
=(0.617 / 0.617) / (0.059 / 0.059)
=1 / 1
=1

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 - (0.056 + 0) / 21.736) / (1 - (0.176 + 0) / 22.236)
=0.997424 / 0.992085
=1.0054

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
=0.059 / 0.617
=0.0956

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 / (0 + 0)) / (0 / (0 + 0))
= /
=1

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)
=(0.325 / 0.059) / (1.017 / 0.617)
=5.508475 / 1.648298
=3.3419

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 + 0.015) / 21.736) / ((0 + 0.16) / 22.236)
=0.00069 / 0.007196
=0.0959

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
=(-0.551 - -0.285 - -0.336) / 21.736
=0.00322

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.

Hyorc has a M-score of -3.38 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 -3.38 mean?
Hyorc (HYOR) has a Beneish M-Score of -3.38 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Hyorc and its competitors. According to the industry distribution chart, Hyorc ranks #186 out of 2926 companies in the Industrial Products industry, placing it in the top 6.4%.
Is Hyorc's Beneish M-Score too high?
Hyorc's current Beneish M-Score is -3.38. Based on the distribution chart, Hyorc ranks #186 out of 2926 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers.
How does Hyorc's Beneish M-Score compare to INLF and CVV?
According to the Industrial Products industry distribution chart, Hyorc ranks #186 out of 2926 companies for Beneish M-Score. This places Hyorc in the top 6% 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 Hyorc and its competitors. Hyorc's current Beneish M-Score is -3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyorc stock overvalued right now?
Hyorc (HYOR) has a current Beneish M-Score of -3.38. The current Beneish M-Score is -3.38. 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 Hyorc (HYOR), the current Beneish M-Score is -3.38 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.

Hyorc Business Description

Address 3050 Post Oak Boulevard, Suite 510-Q60, Houston, TX, USA, 77056-3020
Hyorc Corp is a clean-energy technology company engaged in the development and commercialization of solutions aimed at decarbonizing industrial power generation and distributed energy systems. The company operates through three primary technology and market verticals: Green Methanol Production, Hydrogen Power Systems, and Hydrogen Locomotive Retrofits. The Green Methanol Production vertical focuses on producing methanol from waste for shipping and fuel blending markets. The Hydrogen Power Systems vertical develops modular hydrogen-fueled external combustion engines integrated with ORC systems for off-grid and pay-as-you-go applications. The Hydrogen Locomotive Retrofits involve converting existing diesel locomotives to operate on hydrogen or natural gas.