Everpure (MEX:P) Beneish M-Score: -2.19 (As of Jun. 24, 2026)


MEX:P Everpure Inc MEX:P
71 GF Score
Price MXN1,190.00
GF Value MXN1,181.61
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Everpure Beneish M-Score?

Everpure MEX:P 71 Beneish M-Score is -2.19 as of Jun. 24, 2026. GuruFocus rates MEX:P with a GF Score™ of 71/100 and a GF Value™ of MXN1,181.61 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,403 Hardware companies, Everpure ranks worse than 70.83% 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 -2.19 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MEX:P' s Beneish M-Score Range Over the Past 10 Years
Min: -3.49   Med: -3.07   Max: -2.19
Current: -2.19

During the past 13 years, the highest Beneish M-Score of Everpure was -2.19. The lowest was -3.49. And the median was -3.07.


Everpure Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Everpure'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.

Everpure Beneish M-Score Chart

Everpure 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 -3.13 -3.25 -3.11 -3.12 -2.94

Everpure Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -3.30 -3.01 -3.18 -2.94 -2.19

MEX:P vs IONQ, SMCI, HPQ: Beneish M-Score Comparison

For the Computer Hardware subindustry, Everpure'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.


Everpure Beneish M-Score vs Hardware Industry

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

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


MEX:P
71GF Score
Everpure Inc MEX:P
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Everpure 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 Everpure 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 * 1.7473+0.528 * 0.9853+0.404 * 0.9235+0.892 * 1.1032+0.115 * 1.0129
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9986+4.679 * -0.126267-0.327 * 1.0233
=-2.34

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was MXN15,533 Mil.
Revenue was 18442.632 + 18371.226 + 17887.228 + 16184.255 = MXN70,885 Mil.
Gross Profit was 12669.956 + 12839.991 + 12933.903 + 11359.704 = MXN49,804 Mil.
Total Current Assets was MXN53,422 Mil.
Total Assets was MXN83,201 Mil.
Property, Plant and Equipment(Net PPE) was MXN14,288 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN2,780 Mil.
Selling, General, & Admin. Expense(SGA) was MXN28,789 Mil.
Total Current Liabilities was MXN33,043 Mil.
Long-Term Debt & Capital Lease Obligation was MXN3,251 Mil.
Net Income was 421.753 + 1739.302 + 1016.459 + 885.677 = MXN4,063 Mil.
Non Operating Income was -2.347 + 111.07 + -68.956 + 584.324 = MXN624 Mil.
Cash Flow from Operations was 3155.771 + 4649.595 + 2151.264 + 3987.915 = MXN13,945 Mil.
Total Receivables was MXN8,058 Mil.
Revenue was 15251.611 + 18150.261 + 16647.536 + 14204.231 = MXN64,254 Mil.
Gross Profit was 10503.988 + 12253.647 + 11676.744 + 10044.138 = MXN44,479 Mil.
Total Current Assets was MXN47,024 Mil.
Total Assets was MXN74,650 Mil.
Property, Plant and Equipment(Net PPE) was MXN12,577 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN2,485 Mil.
Selling, General, & Admin. Expense(SGA) was MXN26,132 Mil.
Total Current Liabilities was MXN29,280 Mil.
Long-Term Debt & Capital Lease Obligation was MXN2,542 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)
=(15533.47 / 70885.341) / (8058.315 / 64253.639)
=0.219135 / 0.125414
=1.7473

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)
=(44478.517 / 64253.639) / (49803.554 / 70885.341)
=0.692233 / 0.702593
=0.9853

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 - (53422.021 + 14288.461) / 83200.547) / (1 - (47023.807 + 12576.699) / 74650.385)
=0.186177 / 0.201605
=0.9235

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
=70885.341 / 64253.639
=1.1032

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))
=(2484.685 / (2484.685 + 12576.699)) / (2779.962 / (2779.962 + 14288.461))
=0.164971 / 0.162872
=1.0129

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)
=(28788.953 / 70885.341) / (26131.619 / 64253.639)
=0.406134 / 0.406695
=0.9986

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)
=((3250.901 + 33042.564) / 83200.547) / ((2541.69 + 29279.563) / 74650.385)
=0.436217 / 0.42627
=1.0233

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
=(4063.191 - 624.091 - 13944.545) / 83200.547
=-0.126267

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.

Everpure has a M-score of -2.34 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 -2.19 mean?
Everpure (MEX:P) has a Beneish M-Score of -2.19 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Everpure and its competitors. According to the industry distribution chart, Everpure ranks #1702 out of 2403 companies in the Hardware industry, placing it in the top 70.8%.
Is Everpure's Beneish M-Score too high?
Everpure's current Beneish M-Score is -2.19. Based on the distribution chart, Everpure ranks #1702 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Everpure has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Everpure's Beneish M-Score compare to IONQ and SMCI?
According to the Hardware industry distribution chart, Everpure ranks #1702 out of 2403 companies for Beneish M-Score. This places Everpure 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 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 Everpure and its competitors. Everpure's current Beneish M-Score is -2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everpure stock overvalued right now?
Based on GuruFocus' analysis, Everpure (MEX:P) is currently considered Fairly Valued. The stock's GF Value™ is MXN1,181.61, compared to a current price of MXN1,190.00 — trading 0.7% above its estimated fair value. The current Beneish M-Score is -2.19. Everpure's overall GF Score™ is 71/100 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 Everpure (MEX:P), the current Beneish M-Score is -2.19 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 Everpure (MEX:P) Overvalued in 2026?

Based on GuruFocus' analysis, Everpure stock appears to be overvalued. The current stock price of MXN1,190.00 is trading 0.7% above its estimated GF Value™ of MXN1,181.61. GuruFocus considers Everpure to be Fairly Valued.

Key valuation signals for MEX:P:

  • Beneish M-Score: -2.19
  • GF Value™: MXN1,181.61 vs. price of MXN1,190.00 (0.7% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Everpure Business Description

Address 2555 Augustine Drive, Santa Clara, CA, USA, 95054
Everpure Inc is a globalised technology company providing an integrated storage and data management platform. Data is foundational to customers' business transformation and increasingly central to their operational resilience and competitive differentiation. The company has evolved into a company that delivers a cloud experience with an intelligent, unified storage and data management platform (the Everpure Platform) that virtualizes data across on-premises, hybrid, and public cloud, and edge environments into a single storage layer with consistent control, built-in automation, and continuous modernization. Its business activities are a single operating and reportable segment. Operating in the USA and Rest of world, having maximum revenue in the USA.
71GF Score

Get the complete analysis for MEX:P

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

MXN1,190.00
Price
MXN1,181.61
GF Value