LPIX (LogiPix International) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is LogiPix International Beneish M-Score?

LogiPix International LPIX 35 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates LPIX with a GF Score™ of 35/100.

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 LogiPix International's Beneish M-Score or its related term are showing as below:

During the past 7 years, the highest Beneish M-Score of LogiPix International was 0.00. The lowest was 0.00. And the median was 0.00.

LogiPix International Beneish M-Score Related Terms

LogiPix International Beneish M-Score Historical Data

* Premium members only.

The historical data trend for LogiPix International'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.

LogiPix International Beneish M-Score Chart

LogiPix International Annual Data

Trend

Feb01

Feb02

Feb03

Feb04

Feb05

Feb06

Feb07

Beneish M-Score

Get a 7-Day Free Trial

0.00

LogiPix International Semi-Annual Data
	Feb01	Feb02	Aug02	Feb03	Aug03	Feb04	Aug04	Feb05	Aug05	Feb06	Aug06	Feb07	Aug07	Feb08	Aug08	Aug22	Aug23
Beneish M-Score	Get a 7-Day Free Trial												0.00	0.00	0.00	0.00	-3,487.71

LPIX vs TT, CARR, JCI: Beneish M-Score Comparison

For the Building Products & Equipment subindustry, LogiPix International'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.

LogiPix International Beneish M-Score vs Construction Industry

For the Construction industry and Industrials sector, LogiPix International's Beneish M-Score distribution charts can be found below:

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

Save Embed

35GF Score

LogiPix International Corp LPIX

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

View Full Analysis

LogiPix International 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 LogiPix International 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Feb07) TTM:

Last Year (Feb06) TTM:

Total Receivables was $0.21 Mil.
Revenue was $1.02 Mil.
Gross Profit was $-0.19 Mil.
Total Current Assets was $1.98 Mil.
Total Assets was $5.21 Mil.
Property, Plant and Equipment(Net PPE) was $3.23 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.73 Mil.
Selling, General, & Admin. Expense(SGA) was $5.54 Mil.
Total Current Liabilities was $8.08 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was $-8.51 Mil.
Gross Profit was $-2.84 Mil.
Cash Flow from Operations was $-4.20 Mil.

Total Receivables was $0.01 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Total Current Assets was $0.63 Mil.
Total Assets was $0.93 Mil.
Property, Plant and Equipment(Net PPE) was $0.02 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.65 Mil.
Total Current Liabilities was $1.30 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)
	=	(0.209 / 1.023)	/	(0.012 / 0)
	=	0.204301	/
	=

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 / 0)	/	(-0.185 / 1.023)
	=		/	-0.180841
	=

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 - (1.977 + 3.234) / 5.211)	/	(1 - (0.629 + 0.021) / 0.929)
	=	0	/	0.300323
	=

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
	=	1.023	/	0
	=

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))
	=	(0.001 / (0.001 + 0.021))	/	(1.73 / (1.73 + 3.234))
	=	0.045455	/	0.348509
	=

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)
	=	(5.542 / 1.023)	/	(0.645 / 0)
	=	5.4174	/
	=

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 + 8.081) / 5.211)	/	((0 + 1.297) / 0.929)
	=	1.550758	/	1.396125
	=

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
	=	(-8.511 - -2.841	-	-4.199)	/	5.211
	=	-0.282287

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?

LogiPix International (LPIX) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on LogiPix International and its competitors.

Is LogiPix International's Beneish M-Score too high?

LogiPix International's current Beneish M-Score is 0.00. Overall, LogiPix International has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.

How does LogiPix International's Beneish M-Score compare to TT and CARR?

LogiPix International's Beneish M-Score of 0.00 can be compared against companies in the Construction 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 Construction company?

A good Beneish M-Score depends on the Construction 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 LogiPix International and its competitors. LogiPix International'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 LogiPix International stock overvalued right now?

LogiPix International (LPIX) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. LogiPix International's overall GF Score™ is 35/100. 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 LogiPix International (LPIX), the current Beneish M-Score is 0.00 as of Jun. 25, 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.

LogiPix International Business Description

Industry Industrials Construction

Comparable Companies TSX:BLX TSX:PIF TSX:CPX TSX:MXG TSXV:WEB TSXV:REVV TT CARR JCI XPAR:SGO TSE:6367 LII BLDR CSL XSWX:GEBN OC MAS DUB:KRX AAON WMS

Address 800 East Leigh Street, Suite 11, Richmond, VA, USA, 23219

Website https://www.logipix.com

LogiPix International Corp is a technological company. Its product offering includes Security Surveillance and Detection technology combining ultra-high resolution panorama cameras with Artificial Intelligence. Its solutions support detection, tracking, and situational awareness for applications such as commercial and military infrastructure, airport operations, and border monitoring.

35GF Score

Get the complete analysis for LPIX

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

$2.09

Price

View LPIX Analysis

See Beneish M-Score data for all stocks →