Pozzi Milano SpA (MIL:POZ) Beneish M-Score: -2.37 (As of Jul. 27, 2026)

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MIL:POZ Pozzi Milano SpA MIL:POZ
47 GF Score
Price €0.52
GF Value €0.63
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Pozzi Milano SpA Beneish M-Score?

Pozzi Milano SpA MIL:POZ -2.80% 47 Beneish M-Score is -2.37 as of Jul. 27, 2026. GuruFocus rates MIL:POZ with a GF Score™ of 47/100 and a GF Value™ of €0.63 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 417 Furnishings, Fixtures & Appliances companies, Pozzi Milano SpA ranks worse than 65.71% 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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

MIL:POZ' s Beneish M-Score Range Over the Past 10 Years
Min: -2.91   Med: -2.55   Max: -1.11
Current: -2.37

During the past 6 years, the highest Beneish M-Score of Pozzi Milano SpA was -1.11. The lowest was -2.91. And the median was -2.55.


Pozzi Milano SpA Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pozzi Milano SpA'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.

Pozzi Milano SpA Beneish M-Score Chart

Pozzi Milano SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 -1.11 -2.73 -2.91 -2.37

Pozzi Milano SpA Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.73 0.00 -2.91 0.00 -2.37

MIL:POZ vs SN, SGI, MHK: Beneish M-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Pozzi Milano SpA'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.


Pozzi Milano SpA Beneish M-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Pozzi Milano SpA's Beneish M-Score distribution charts can be found below:

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


MIL:POZ
47GF Score
Pozzi Milano SpA MIL:POZ
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pozzi Milano SpA 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 Pozzi Milano SpA 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 * 0.8423+0.528 * 0.985+0.404 * 1.9101+0.892 * 1.0826+0.115 * 1.0154
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9194+4.679 * -0.04294-0.327 * 0.9671
=-2.37

* 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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was €3.83 Mil.
Revenue was €21.48 Mil.
Gross Profit was €10.12 Mil.
Total Current Assets was €15.41 Mil.
Total Assets was €18.82 Mil.
Property, Plant and Equipment(Net PPE) was €0.16 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.39 Mil.
Selling, General, & Admin. Expense(SGA) was €0.86 Mil.
Total Current Liabilities was €5.46 Mil.
Long-Term Debt & Capital Lease Obligation was €2.22 Mil.
Net Income was €1.30 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €2.11 Mil.
Total Receivables was €4.20 Mil.
Revenue was €19.84 Mil.
Gross Profit was €9.20 Mil.
Total Current Assets was €14.69 Mil.
Total Assets was €16.31 Mil.
Property, Plant and Equipment(Net PPE) was €0.14 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.38 Mil.
Selling, General, & Admin. Expense(SGA) was €0.86 Mil.
Total Current Liabilities was €5.82 Mil.
Long-Term Debt & Capital Lease Obligation was €1.07 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)
=(3.827 / 21.477) / (4.197 / 19.839)
=0.178191 / 0.211553
=0.8423

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)
=(9.203 / 19.839) / (10.115 / 21.477)
=0.463884 / 0.470969
=0.985

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 - (15.414 + 0.157) / 18.817) / (1 - (14.694 + 0.143) / 16.31)
=0.172504 / 0.090313
=1.9101

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
=21.477 / 19.839
=1.0826

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))
=(0.375 / (0.375 + 0.143)) / (0.39 / (0.39 + 0.157))
=0.723938 / 0.71298
=1.0154

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)
=(0.856 / 21.477) / (0.86 / 19.839)
=0.039857 / 0.043349
=0.9194

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)
=((2.22 + 5.459) / 18.817) / ((1.066 + 5.816) / 16.31)
=0.408088 / 0.42195
=0.9671

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
=(1.299 - 0 - 2.107) / 18.817
=-0.04294

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.

Pozzi Milano SpA has a M-score of -2.37 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 -2.37 mean?
Pozzi Milano SpA (MIL:POZ) has a Beneish M-Score of -2.37 as of Jul. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pozzi Milano SpA and its competitors. According to the industry distribution chart, Pozzi Milano SpA ranks #274 out of 417 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 65.7%.
Is Pozzi Milano SpA's Beneish M-Score too high?
Pozzi Milano SpA's current Beneish M-Score is -2.37. Based on the distribution chart, Pozzi Milano SpA ranks #274 out of 417 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Pozzi Milano SpA has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pozzi Milano SpA's Beneish M-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Pozzi Milano SpA ranks #274 out of 417 companies for Beneish M-Score. This places Pozzi Milano SpA 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 Furnishings, Fixtures & Appliances company?
A good Beneish M-Score depends on the Furnishings, Fixtures & Appliances 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 Pozzi Milano SpA and its competitors. Pozzi Milano SpA's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pozzi Milano SpA stock overvalued right now?
Based on GuruFocus' analysis, Pozzi Milano SpA (MIL:POZ) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.63, compared to a current price of €0.52 — trading 17.5% below its estimated fair value. The current Beneish M-Score is -2.37. Pozzi Milano SpA's overall GF Score™ is 47/100 with 1 warning sign 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 Pozzi Milano SpA (MIL:POZ), the current Beneish M-Score is -2.37 as of Jul. 27, 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 Pozzi Milano SpA (MIL:POZ) Overvalued in 2026?

Based on GuruFocus' analysis, Pozzi Milano SpA stock appears to be undervalued. The current stock price of €0.52 is trading 17.5% below its estimated GF Value™ of €0.63. GuruFocus considers Pozzi Milano SpA to be Modestly Undervalued.

Key valuation signals for MIL:POZ:

  • Beneish M-Score: -2.37
  • GF Value™: €0.63 vs. price of €0.52 (17.5% below fair value)
  • GF Score™: 47/100 with 1 warning sign

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


Pozzi Milano SpA Business Description

Address Via Fornaci 4/AB, Monticelli Brusati, ITA, 25040
Pozzi Milano SpA operates in the table art sector. The group creates medium-high level Themed Tableware collections and gift items.
47GF Score

Get the complete analysis for MIL:POZ

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

€0.52
Price
€0.63
GF Value