Bankint Petersburg PJSC (MIC:BSPB) Beneish M-Score: -2.30 (As of Jun. 30, 2026)


MIC:BSPB Bank Saint Petersburg PJSC MIC:BSPB
21 GF Score
Price ₽255.33
GF Value ₽389.38
Valuation Possible Value Trap
! 4 Warning Signs
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What is Bankint Petersburg PJSC Beneish M-Score?

Bankint Petersburg PJSC MIC:BSPB +1.32% 21 Beneish M-Score is -2.30 as of Jun. 30, 2026. GuruFocus rates MIC:BSPB with a GF Score™ of 21/100 and a GF Value™ of ₽389.38 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,399 Banks companies, Bankint Petersburg PJSC ranks worse than 67.41% 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.

Good Sign:

Beneish M-Score -2.3 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MIC:BSPB' s Beneish M-Score Range Over the Past 10 Years
Min: -2.94   Med: -2.21   Max: -0.96
Current: -2.3

During the past 13 years, the highest Beneish M-Score of Bankint Petersburg PJSC was -0.96. The lowest was -2.94. And the median was -2.21.

MIC:BSPB
21GF Score
Bank Saint Petersburg PJSC MIC:BSPB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bankint Petersburg PJSC 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 Bankint Petersburg PJSC 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+0.528 * 1+0.404 * 1.0015+0.892 * 0.9726+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.275+4.679 * 0.02386-0.327 * 0.5625
=-2.30

* 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 Mil.
Revenue was 23771 + 25515 + 23718 + 24820 = ₽97,824 Mil.
Gross Profit was 23771 + 25515 + 23718 + 24820 = ₽97,824 Mil.
Total Current Assets was ₽0 Mil.
Total Assets was ₽1,392,751 Mil.
Property, Plant and Equipment(Net PPE) was ₽21,500 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽0 Mil.
Selling, General, & Admin. Expense(SGA) was ₽4,226 Mil.
Total Current Liabilities was ₽0 Mil.
Long-Term Debt & Capital Lease Obligation was ₽4,737 Mil.
Net Income was 10911 + 4432 + 8763 + 9125 = ₽33,231 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₽0 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = ₽0 Mil.
 Total Receivables was ₽0 Mil.
Revenue was 26740 + 26885 + 24092 + 22867 = ₽100,584 Mil.
Gross Profit was 26740 + 26885 + 24092 + 22867 = ₽100,584 Mil.
Total Current Assets was ₽0 Mil.
Total Assets was ₽1,143,318 Mil.
Property, Plant and Equipment(Net PPE) was ₽19,336 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽0 Mil.
Selling, General, & Admin. Expense(SGA) was ₽3,408 Mil.
Total Current Liabilities was ₽0 Mil.
Long-Term Debt & Capital Lease Obligation was ₽6,913 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 / 97824) / (0 / 100584)
=0 / 0
=1

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)
=(100584 / 100584) / (97824 / 97824)
=1 / 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 + 21500) / 1392751) / (1 - (0 + 19336) / 1143318)
=0.984563 / 0.983088
=1.0015

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
=97824 / 100584
=0.9726

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 / (0 + 19336)) / (0 / (0 + 21500))
=0 / 0
=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)
=(4226 / 97824) / (3408 / 100584)
=0.0432 / 0.033882
=1.275

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)
=((4737 + 0) / 1392751) / ((6913 + 0) / 1143318)
=0.003401 / 0.006046
=0.5625

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
=(33231 - 0 - 0) / 1392751
=0.02386

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.

Bankint Petersburg PJSC has a M-score of -2.30 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 -2.30 mean?
Bankint Petersburg PJSC (MIC:BSPB) has a Beneish M-Score of -2.30 as of Jun. 30, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bankint Petersburg PJSC and its competitors. According to the industry distribution chart, Bankint Petersburg PJSC ranks #943 out of 1399 companies in the Banks industry, placing it in the top 67.4%.
Is Bankint Petersburg PJSC's Beneish M-Score too high?
Bankint Petersburg PJSC's current Beneish M-Score is -2.30. Based on the distribution chart, Bankint Petersburg PJSC ranks #943 out of 1399 companies in the Banks industry, which is below the industry midpoint. Overall, Bankint Petersburg PJSC has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bankint Petersburg PJSC's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Bankint Petersburg PJSC ranks #943 out of 1399 companies for Beneish M-Score. This places Bankint Petersburg PJSC 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Bankint Petersburg PJSC and its competitors. Bankint Petersburg PJSC's current Beneish M-Score is -2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bankint Petersburg PJSC stock overvalued right now?
Based on GuruFocus' analysis, Bankint Petersburg PJSC (MIC:BSPB) is currently considered Possible Value Trap. The stock's GF Value™ is ₽389.38, compared to a current price of ₽255.33 — trading 34.4% below its estimated fair value. The current Beneish M-Score is -2.30. Bankint Petersburg PJSC's overall GF Score™ is 21/100 with 4 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 Bankint Petersburg PJSC (MIC:BSPB), the current Beneish M-Score is -2.30 as of Jun. 30, 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 Bankint Petersburg PJSC (MIC:BSPB) Overvalued in 2026?

Based on GuruFocus' analysis, Bankint Petersburg PJSC stock appears to be undervalued. The current stock price of ₽255.33 is trading 34.4% below its estimated GF Value™ of ₽389.38. GuruFocus considers Bankint Petersburg PJSC to be Possible Value Trap.

Key valuation signals for MIC:BSPB:

  • Beneish M-Score: -2.30
  • GF Value™: ₽389.38 vs. price of ₽255.33 (34.4% below fair value)
  • GF Score™: 21/100 with 4 warning signs

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

Bankint Petersburg PJSC Business Description

Address 64A, Malookhtinsky Prospect, Saint Petersburg, RUS, 195112
Bank Saint Petersburg PJSC is a Russian privately-owned commercial bank. The Bank operates in three segments: Corporate Banking; Operation on Financial Markets, and Retail Banking. The Corporate banking segment offers settlement and current accounts, deposits, credit lines, loans, foreign currency transactions with commercial and state entities. The Operation on Financial Markets segment consists of financial instruments trading, loans, and deposits on the interbank market, dealing in foreign exchange and derivative financial instruments. The Retail banking segment private baing services, customer current accounts, retail investment products, card services, mortgages, and other loan services. The Corporate banking segment generates nearly half of the company's revenue.
21GF Score

Get the complete analysis for MIC:BSPB

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

₽255.33
Price
₽389.38
GF Value