Pena VerdeB (MEX:PV) Beneish M-Score: 0.00 (As of Aug. 08, 2026)

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MEX:PV Pena Verde SAB MEX:PV
65 GF Score
Price MXN8.50
GF Value MXN9.30
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Pena VerdeB Beneish M-Score?

Pena VerdeB MEX:PV 65 Beneish M-Score is 0.00 as of Aug. 08, 2026. GuruFocus rates MEX:PV with a GF Score™ of 65/100 and a GF Value™ of MXN9.30 (Fairly Valued). The stock has 2 warning signs investors should review. Among 399 Insurance companies, Pena VerdeB ranks worse than 250626.32% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 Pena VerdeB's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Pena VerdeB was 0.00. The lowest was 0.00. And the median was 0.00.

MEX:PV
65GF Score
Pena Verde SAB MEX:PV
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pena VerdeB 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 Pena VerdeB 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 MXN7,047 Mil.
Revenue was 5068.528 + 5601.425 + 5460.775 + 5039.366 = MXN21,170 Mil.
Gross Profit was 5068.528 + 5601.425 + 5460.775 + 5039.366 = MXN21,170 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN48,378 Mil.
Property, Plant and Equipment(Net PPE) was MXN34 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN51 Mil.
Selling, General, & Admin. Expense(SGA) was MXN838 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN0 Mil.
Net Income was 249.099 + 292.475 + 775.05 + 161.191 = MXN1,478 Mil.
Non Operating Income was -40.58 + -25.971 + -75.963 + -323.557 = MXN-466 Mil.
Cash Flow from Operations was 38.792 + -575.801 + -1272.818 + 53.32 = MXN-1,757 Mil.
 Total Receivables was MXN7,462 Mil.
Revenue was 5208.515 + 4697.236 + 4966.39 + 4410.287 = MXN19,282 Mil.
Gross Profit was 5208.515 + 4697.236 + 4966.39 + 4410.287 = MXN19,282 Mil.
Total Current Assets was MXN0 Mil.
Total Assets was MXN45,958 Mil.
Property, Plant and Equipment(Net PPE) was MXN54 Mil.
Depreciation, Depletion and Amortization(DDA) was MXN50 Mil.
Selling, General, & Admin. Expense(SGA) was MXN405 Mil.
Total Current Liabilities was MXN0 Mil.
Long-Term Debt & Capital Lease Obligation was MXN0 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)
=(7046.507 / 21170.094) / (7462.008 / 19282.428)
=0.332852 / 0.386985
=

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)
=(19282.428 / 19282.428) / (21170.094 / 21170.094)
=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 + 34.054) / 48378.433) / (1 - (0 + 54.154) / 45958.257)
=0.999296 / 0.998822
=

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
=21170.094 / 19282.428
=

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))
=(49.741 / (49.741 + 54.154)) / (50.58 / (50.58 + 34.054))
=0.478762 / 0.597632
=

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)
=(837.718 / 21170.094) / (404.606 / 19282.428)
=0.039571 / 0.020983
=

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) / 48378.433) / ((0 + 0) / 45958.257)
=0 / 0
=

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
=(1477.815 - -466.071 - -1756.507) / 48378.433
=0.076488

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?
Pena VerdeB (MEX:PV) has a Beneish M-Score of 0.00 as of Aug. 08, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pena VerdeB and its competitors. According to the industry distribution chart, Pena VerdeB ranks #999999 out of 399 companies in the Insurance industry.
Is Pena VerdeB's Beneish M-Score too high?
Pena VerdeB's current Beneish M-Score is 0.00. Based on the distribution chart, Pena VerdeB ranks #999999 out of 399 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Pena VerdeB has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pena VerdeB's Beneish M-Score compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Pena VerdeB ranks #999999 out of 399 companies for Beneish M-Score. This places Pena VerdeB 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 an Insurance company?
A good Beneish M-Score depends on the Insurance 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 Pena VerdeB and its competitors. Pena VerdeB'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 Pena VerdeB stock overvalued right now?
Based on GuruFocus' analysis, Pena VerdeB (MEX:PV) is currently considered Fairly Valued. The stock's GF Value™ is MXN9.30, compared to a current price of MXN8.50 — trading 8.6% below its estimated fair value. The current Beneish M-Score is 0.00. Pena VerdeB's overall GF Score™ is 65/100 with 2 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 Pena VerdeB (MEX:PV), the current Beneish M-Score is 0.00 as of Aug. 08, 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 Pena VerdeB (MEX:PV) Overvalued in 2026?

Based on GuruFocus' analysis, Pena VerdeB stock appears to be undervalued. The current stock price of MXN8.50 is trading 8.6% below its estimated GF Value™ of MXN9.30. GuruFocus considers Pena VerdeB to be Fairly Valued.

Key valuation signals for MEX:PV:

  • Beneish M-Score: 0.00
  • GF Value™: MXN9.30 vs. price of MXN8.50 (8.6% below fair value)
  • GF Score™: 65/100 with 2 warning signs

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

Pena VerdeB Business Description

Address Sierra Mojada No. 626, Lomas de Barrilaco, Mexico, DF, MEX, 11010
Pena Verde SAB offers insurance and reinsurance services. The company also offers direct life, health, casualty, third-party liability, agricultural, fire, automotive, aircraft and boats insurance & reinsurance policies.
65GF Score

Get the complete analysis for MEX:PV

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

MXN8.50
Price
MXN9.30
GF Value