Russia Commercial Roads Bank PJSC (MIC:RDRB) Beneish M-Score: 0.00 (As of Jul. 01, 2026)


MIC:RDRB Russia Commercial Roads Bank PJSC MIC:RDRB
17 GF Score
Price ₽104.80
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What is Russia Commercial Roads Bank PJSC Beneish M-Score?

Russia Commercial Roads Bank PJSC MIC:RDRB +2.95% 17 Beneish M-Score is 0.00 as of Jul. 01, 2026. GuruFocus rates MIC:RDRB with a GF Score™ of 17/100.

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 Russia Commercial Roads Bank PJSC's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Russia Commercial Roads Bank PJSC was 0.00. The lowest was 0.00. And the median was 0.00.

MIC:RDRB
17GF Score
Russia Commercial Roads Bank PJSC MIC:RDRB
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Russia Commercial Roads Bank 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 Russia Commercial Roads Bank 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 * 1.0126+0.892 * 1.3414+0.115 * 1.8784
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.2187+4.679 * -0.031507-0.327 * 0.8989
=-2.05

* 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 (Sep21) TTM:Last Year (Sep20) TTM:
Total Receivables was ₽0 Mil.
Revenue was 460.056 + 411.636 + 334.413 + 498.513 = ₽1,705 Mil.
Gross Profit was 460.056 + 411.636 + 334.413 + 498.513 = ₽1,705 Mil.
Total Current Assets was ₽0 Mil.
Total Assets was ₽26,044 Mil.
Property, Plant and Equipment(Net PPE) was ₽795 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽62 Mil.
Selling, General, & Admin. Expense(SGA) was ₽11 Mil.
Total Current Liabilities was ₽0 Mil.
Long-Term Debt & Capital Lease Obligation was ₽2,144 Mil.
Net Income was 83.657 + 99.899 + 5.043 + 95.02 = ₽284 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₽0 Mil.
Cash Flow from Operations was -2388.468 + 1299.388 + 1613.474 + 579.813 = ₽1,104 Mil.
 Total Receivables was ₽0 Mil.
Revenue was 346.599 + 303.533 + 318.847 + 301.757 = ₽1,271 Mil.
Gross Profit was 346.599 + 303.533 + 318.847 + 301.757 = ₽1,271 Mil.
Total Current Assets was ₽0 Mil.
Total Assets was ₽21,471 Mil.
Property, Plant and Equipment(Net PPE) was ₽914 Mil.
Depreciation, Depletion and Amortization(DDA) was ₽145 Mil.
Selling, General, & Admin. Expense(SGA) was ₽37 Mil.
Total Current Liabilities was ₽0 Mil.
Long-Term Debt & Capital Lease Obligation was ₽1,966 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 / 1704.618) / (0 / 1270.736)
=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)
=(1270.736 / 1270.736) / (1704.618 / 1704.618)
=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 + 795.142) / 26044.218) / (1 - (0 + 913.713) / 21471.46)
=0.96947 / 0.957445
=1.0126

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
=1704.618 / 1270.736
=1.3414

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))
=(144.724 / (144.724 + 913.713)) / (62.424 / (62.424 + 795.142))
=0.136734 / 0.072792
=1.8784

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)
=(10.936 / 1704.618) / (37.283 / 1270.736)
=0.006416 / 0.02934
=0.2187

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)
=((2143.732 + 0) / 26044.218) / ((1966.186 + 0) / 21471.46)
=0.082311 / 0.091572
=0.8989

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
=(283.619 - 0 - 1104.207) / 26044.218
=-0.031507

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.

Russia Commercial Roads Bank PJSC has a M-score of -2.05 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?
Russia Commercial Roads Bank PJSC (MIC:RDRB) has a Beneish M-Score of 0.00 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Russia Commercial Roads Bank PJSC and its competitors.
Is Russia Commercial Roads Bank PJSC's Beneish M-Score too high?
Russia Commercial Roads Bank PJSC's current Beneish M-Score is 0.00. Overall, Russia Commercial Roads Bank PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Russia Commercial Roads Bank PJSC's Beneish M-Score compare to USB and PNC?
Russia Commercial Roads Bank PJSC's Beneish M-Score of 0.00 can be compared against companies in the Banks 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 Russia Commercial Roads Bank PJSC and its competitors. Russia Commercial Roads Bank PJSC'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 Russia Commercial Roads Bank PJSC stock overvalued right now?
Russia Commercial Roads Bank PJSC (MIC:RDRB) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Russia Commercial Roads Bank PJSC's overall GF Score™ is 17/100. 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 Russia Commercial Roads Bank PJSC (MIC:RDRB), the current Beneish M-Score is 0.00 as of Jul. 01, 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.

Russia Commercial Roads Bank PJSC Business Description

Address 86, Dubininskaya street, Moscow, RUS, 115093
Russia Commercial Roads Bank PJSC, formerly Russian public joint-stock commercial roads Bank provides various financial services in Russia. The bank offers services to its corporate customers, retail customers, and other banks. Its product and services consist of cash management services, deposit banking, loans, trade financing, conversion services, correspondent account and purchase and sale of securities. The bank provides its services to road industry, farming, and transporting, industrial and housing construction, building materials, trade as well as to military industrial complex units. In addition, it is also engaged in small and medium-sized business lending program, mortgage programs for corporate customers, program of work with road enterprises and private banking service.
17GF Score

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

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