MHPC (Manufactured Housing Properties) Beneish M-Score: 0.00 (As of Jun. 24, 2026)

What is Manufactured Housing Properties Beneish M-Score?

Manufactured Housing Properties MHPC 12 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates MHPC with a GF Score™ of 12/100.

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 Manufactured Housing Properties's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Manufactured Housing Properties was 0.00. The lowest was 0.00. And the median was 0.00.

Manufactured Housing Properties Beneish M-Score Related Terms

Manufactured Housing Properties Beneish M-Score Historical Data

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The historical data trend for Manufactured Housing Properties'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.

Manufactured Housing Properties Beneish M-Score Chart

Manufactured Housing Properties Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

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2.44

-1.30

-2.00

-0.82

-2.03

Manufactured Housing Properties Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Beneish M-Score	Get a 7-Day Free Trial															-1.42	-2.03	-2.49	-2.71	-2.66

MHPC vs WEWKQ, GYRO, LRHC: Beneish M-Score Comparison

For the Real Estate Services subindustry, Manufactured Housing Properties'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.

Manufactured Housing Properties Beneish M-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Manufactured Housing Properties's Beneish M-Score distribution charts can be found below:

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

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Manufactured Housing Properties Inc MHPC

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

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Manufactured Housing Properties 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 Manufactured Housing Properties 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 * 0.7292

0.528 * 1.0078

0.404 * 1.0142

0.892 * 1.3634

0.115 * 1

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 0.9805

4.679 * -0.058155

0.327 * 0.9895

-2.66

This Year (Sep23) TTM:

Last Year (Sep22) TTM:

Total Receivables was $0.34 Mil.
Revenue was 4.702 + 4.424 + 4.257 + 4.06 = $17.44 Mil.
Gross Profit was 3.87 + 3.733 + 3.65 + 3.465 = $14.72 Mil.
Total Current Assets was $7.55 Mil.
Total Assets was $118.13 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $4.34 Mil.
Selling, General, & Admin. Expense(SGA) was $9.08 Mil.
Total Current Liabilities was $11.53 Mil.
Long-Term Debt & Capital Lease Obligation was $88.95 Mil.
Net Income was -2.056 + -2.043 + -1.935 + -1.334 = $-7.37 Mil.
Non Operating Income was 0 + 0 + 0 + 0.103 = $0.10 Mil.
Cash Flow from Operations was -0.238 + 0.196 + -0.501 + -0.058 = $-0.60 Mil.

Total Receivables was $0.35 Mil.
Revenue was 3.716 + 3.371 + 3.055 + 2.652 = $12.79 Mil.
Gross Profit was 3.219 + 2.705 + 2.653 + 2.302 = $10.88 Mil.
Total Current Assets was $7.26 Mil.
Total Assets was $94.24 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.13 Mil.
Selling, General, & Admin. Expense(SGA) was $6.79 Mil.
Total Current Liabilities was $7.91 Mil.
Long-Term Debt & Capital Lease Obligation was $73.10 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)
	=	(0.343 / 17.443)	/	(0.345 / 12.794)
	=	0.019664	/	0.026966
	=	0.7292

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)
	=	(10.879 / 12.794)	/	(14.718 / 17.443)
	=	0.85032	/	0.843777
	=	1.0078

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 - (7.548 + 0) / 118.133)	/	(1 - (7.26 + 0) / 94.24)
	=	0.936106	/	0.922963
	=	1.0142

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
	=	17.443	/	12.794
	=	1.3634

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))
	=	(3.128 / (3.128 + 0))	/	(4.339 / (4.339 + 0))
	=	1	/	1
	=	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)
	=	(9.077 / 17.443)	/	(6.79 / 12.794)
	=	0.520381	/	0.530718
	=	0.9805

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)
	=	((88.948 + 11.526) / 118.133)	/	((73.1 + 7.907) / 94.24)
	=	0.850516	/	0.859582
	=	0.9895

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
	=	(-7.368 - 0.103	-	-0.601)	/	118.133
	=	-0.058155

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.

Manufactured Housing Properties has a M-score of -2.66 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 0.00 mean?

Manufactured Housing Properties (MHPC) has a Beneish M-Score of 0.00 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Manufactured Housing Properties and its competitors.

Is Manufactured Housing Properties' Beneish M-Score too high?

Manufactured Housing Properties' current Beneish M-Score is 0.00. Overall, Manufactured Housing Properties has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Manufactured Housing Properties' Beneish M-Score compare to WEWKQ and GYRO?

Manufactured Housing Properties' Beneish M-Score of 0.00 can be compared against companies in the Real Estate 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 Real Estate company?

A good Beneish M-Score depends on the Real Estate 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 Manufactured Housing Properties and its competitors. Manufactured Housing Properties'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 Manufactured Housing Properties stock overvalued right now?

Manufactured Housing Properties (MHPC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Manufactured Housing Properties' overall GF Score™ is 12/100. 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 Manufactured Housing Properties (MHPC), the current Beneish M-Score is 0.00 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.

Manufactured Housing Properties Business Description

Industry Real Estate Real Estate

Comparable Companies WEWKQ GYRO LRHC FLJ NYC MDJH ABCP ZDPY LEJU ALBT CSGP CBRE XMAD:CLNX BEKE TSE:8830 SGX:9CI MIL:INW HKSE:01972 XTER:DWNI HKSE:01997

Address 136 Main Street, Pineville, NC, USA, 28134

Website https://www.mhproperties.com

Manufactured Housing Properties Inc is a self-administered, self-managed, vertically integrated owner and operator of manufactured housing communities. It provides non-subsidized affordable housing facilities. The company earns income from leasing manufactured home sites to tenants who own their manufactured homes as well as the rental of company-owned manufactured homes to residents of the communities. Its communities are located in Georgia, North Carolina, South Carolina, and Tennessee.

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