INEOD (INEO Tech) Beneish M-Score: 0.00 (As of Jun. 26, 2026)


INEOD INEO Tech Corp INEOD
32 GF Score
Price $0.08
GF Value $0.18
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is INEO Tech Beneish M-Score?

INEO Tech INEOD +2.75% 32 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates INEOD with a GF Score™ of 32/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 989 Media - Diversified companies, INEO Tech ranks worse than 101112.13% 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 INEO Tech's Beneish M-Score or its related term are showing as below:

During the past 12 years, the highest Beneish M-Score of INEO Tech was -1.66. The lowest was -7.28. And the median was -4.42.

INEO Tech Beneish M-Score Historical Data

* Premium members only.

The historical data trend for INEO Tech'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.

INEO Tech Beneish M-Score Chart

INEO Tech Annual Data
Trend May12 May17 May18 May19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 -3.63 -5.20 -1.66

INEO Tech Quarterly Data
Jun21 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 -2.79 -1.66 -3.55 0.00 0.00

INEOD vs APP, OMC, TTD: Beneish M-Score Comparison

For the Advertising Agencies subindustry, INEO Tech'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.

INEO Tech Beneish M-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, INEO Tech's Beneish M-Score distribution charts can be found below:

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


INEOD
32GF Score
INEO Tech Corp INEOD
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

INEO Tech 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 INEO Tech 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $0.24 Mil.
Revenue was 0.428 + 0.124 + 0.208 + 0.279 = $1.04 Mil.
Gross Profit was 0.259 + 0.051 + 0.091 + 0.102 = $0.50 Mil.
Total Current Assets was $0.82 Mil.
Total Assets was $2.49 Mil.
Property, Plant and Equipment(Net PPE) was $1.66 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.45 Mil.
Selling, General, & Admin. Expense(SGA) was $1.84 Mil.
Total Current Liabilities was $2.73 Mil.
Long-Term Debt & Capital Lease Obligation was $0.58 Mil.
Net Income was -0.689 + -0.787 + -0.587 + -0.789 = $-2.85 Mil.
Non Operating Income was -0.147 + -0.014 + -0.017 + 0.034 = $-0.14 Mil.
Cash Flow from Operations was -0.8 + -0.48 + -0.053 + -0.41 = $-1.74 Mil.
 Total Receivables was $0.31 Mil.
Revenue was 0.318 + 0.206 + 0.206 + 0.167 = $0.90 Mil.
Gross Profit was 0.142 + 0.107 + 0.083 + 0.015 = $0.35 Mil.
Total Current Assets was $0.93 Mil.
Total Assets was $2.30 Mil.
Property, Plant and Equipment(Net PPE) was $1.37 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.34 Mil.
Selling, General, & Admin. Expense(SGA) was $1.52 Mil.
Total Current Liabilities was $2.01 Mil.
Long-Term Debt & Capital Lease Obligation was $0.24 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)
=(0.243 / 1.039) / (0.307 / 0.897)
=0.233879 / 0.342252
=

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)
=(0.347 / 0.897) / (0.503 / 1.039)
=0.386845 / 0.484119
=

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 - (0.823 + 1.664) / 2.487) / (1 - (0.929 + 1.372) / 2.301)
=0 / 0
=

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
=1.039 / 0.897
=

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))
=(0.343 / (0.343 + 1.372)) / (0.452 / (0.452 + 1.664))
=0.2 / 0.213611
=

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)
=(1.84 / 1.039) / (1.524 / 0.897)
=1.770934 / 1.698997
=

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)
=((0.576 + 2.731) / 2.487) / ((0.242 + 2.008) / 2.301)
=1.329715 / 0.977836
=

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
=(-2.852 - -0.144 - -1.743) / 2.487
=-0.388018

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?
INEO Tech (INEOD) 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 INEO Tech and its competitors. According to the industry distribution chart, INEO Tech ranks #999999 out of 989 companies in the Media - Diversified industry.
Is INEO Tech's Beneish M-Score too high?
INEO Tech's current Beneish M-Score is 0.00. Based on the distribution chart, INEO Tech ranks #999999 out of 989 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, INEO Tech has a GF Score™ of 32/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does INEO Tech's Beneish M-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, INEO Tech ranks #999999 out of 989 companies for Beneish M-Score. This places INEO Tech 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 INEO Tech and its competitors. INEO Tech'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 INEO Tech stock overvalued right now?
Based on GuruFocus' analysis, INEO Tech (INEOD) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.08 — trading 54.4% below its estimated fair value. The current Beneish M-Score is 0.00. INEO Tech's overall GF Score™ is 32/100 with 7 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 INEO Tech (INEOD), 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.

Is INEO Tech (INEOD) Overvalued in 2026?

Based on GuruFocus' analysis, INEO Tech stock appears to be undervalued. The current stock price of $0.08 is trading 54.4% below its estimated GF Value™ of $0.18. GuruFocus considers INEO Tech to be Possible Value Trap.

Key valuation signals for INEOD:

  • Beneish M-Score: 0.00
  • GF Value™: $0.18 vs. price of $0.08 (54.4% below fair value)
  • GF Score™: 32/100 with 7 warning signs

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

INEO Tech Business Description

Other Exchanges INEO:Canada
Address No 105 - 19130 24th Avenue, Surrey, BC, CAN, V3Z 3S9
INEO Tech Corp is the inventor and operator of the INEO Media Network for retailers, which provides retail analytics and targeted advertising through its cloud-based IoT (Internet of Things) and AI (Artificial Intelligence) technology. The Company operates the INEO Media Network using a SaaS-based model for retail stores. The operating segments of the company are Loss Prevention, Fabrication, Retail Media, and Corporate and Administration. Its geographic locations are Canada, the USA, Colombia, the United Kingdom, and Mexico. It generates the majority of revenue from Canada.
32GF Score

Get the complete analysis for INEOD

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

$0.08
Price
$0.18
GF Value