Banca Profilo SpA (MIL:PRO) Beneish M-Score: 0.00 (As of Jun. 24, 2026)


MIL:PRO Banca Profilo SpA MIL:PRO
33 GF Score
Price €0.16
GF Value €0.15
Valuation Fairly Valued
! 5 Warning Signs
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What is Banca Profilo SpA Beneish M-Score?

Banca Profilo SpA MIL:PRO -0.12% 33 Beneish M-Score is 0.00 as of Jun. 24, 2026. GuruFocus rates MIL:PRO with a GF Score™ of 33/100 and a GF Value™ of €0.15 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,396 Banks companies, Banca Profilo SpA ranks worse than 71633.17% 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 Banca Profilo SpA's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Banca Profilo SpA was -1.90. The lowest was -9.82. And the median was -2.38.

MIL:PRO
33GF Score
Banca Profilo SpA MIL:PRO
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Banca Profilo 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 Banca Profilo 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 * +0.528 * +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 (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was €0.00 Mil.
Revenue was €67.75 Mil.
Gross Profit was €67.75 Mil.
Total Current Assets was €0.00 Mil.
Total Assets was €1,966.71 Mil.
Property, Plant and Equipment(Net PPE) was €48.90 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €20.40 Mil.
Total Current Liabilities was €0.00 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 Mil.
Net Income was €10.00 Mil.
Gross Profit was €0.00 Mil.
Cash Flow from Operations was €-22.39 Mil.
 Total Receivables was €0.00 Mil.
Revenue was €77.80 Mil.
Gross Profit was €77.80 Mil.
Total Current Assets was €0.00 Mil.
Total Assets was €2,547.19 Mil.
Property, Plant and Equipment(Net PPE) was €50.34 Mil.
Depreciation, Depletion and Amortization(DDA) was €0.00 Mil.
Selling, General, & Admin. Expense(SGA) was €19.20 Mil.
Total Current Liabilities was €0.00 Mil.
Long-Term Debt & Capital Lease Obligation was €0.00 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 / 67.745) / (0 / 77.803)
=0 / 0
=

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)
=(77.803 / 77.803) / (67.745 / 67.745)
=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 + 48.904) / 1966.714) / (1 - (0 + 50.342) / 2547.188)
=0.975134 / 0.980236
=

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
=67.745 / 77.803
=

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 + 50.342)) / (0 / (0 + 48.904))
=0 / 0
=

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)
=(20.399 / 67.745) / (19.2 / 77.803)
=0.301114 / 0.246777
=

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) / 1966.714) / ((0 + 0) / 2547.188)
=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
=(10.003 - 0 - -22.393) / 1966.714
=0.016472

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?
Banca Profilo SpA (MIL:PRO) 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 Banca Profilo SpA and its competitors. According to the industry distribution chart, Banca Profilo SpA ranks #999999 out of 1396 companies in the Banks industry.
Is Banca Profilo SpA's Beneish M-Score too high?
Banca Profilo SpA's current Beneish M-Score is 0.00. Based on the distribution chart, Banca Profilo SpA ranks #999999 out of 1396 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Banca Profilo SpA has a GF Score™ of 33/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Banca Profilo SpA's Beneish M-Score compare to PNC and USB?
According to the Banks industry distribution chart, Banca Profilo SpA ranks #999999 out of 1396 companies for Beneish M-Score. This places Banca Profilo 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 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 Banca Profilo SpA and its competitors. Banca Profilo SpA'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 Banca Profilo SpA stock overvalued right now?
Based on GuruFocus' analysis, Banca Profilo SpA (MIL:PRO) is currently considered Fairly Valued. The stock's GF Value™ is €0.15, compared to a current price of €0.16 — trading 8.5% above its estimated fair value. The current Beneish M-Score is 0.00. Banca Profilo SpA's overall GF Score™ is 33/100 with 5 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 Banca Profilo SpA (MIL:PRO), 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.

Is Banca Profilo SpA (MIL:PRO) Overvalued in 2026?

Based on GuruFocus' analysis, Banca Profilo SpA stock appears to be overvalued. The current stock price of €0.16 is trading 8.5% above its estimated GF Value™ of €0.15. GuruFocus considers Banca Profilo SpA to be Fairly Valued.

Key valuation signals for MIL:PRO:

  • Beneish M-Score: 0.00
  • GF Value™: €0.15 vs. price of €0.16 (8.5% above fair value)
  • GF Score™: 33/100 with 5 warning signs

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

Banca Profilo SpA Business Description

Other Exchanges 0FP9:UKBPA:Germany
Address Via Cerva, 28, Milan, ITA, 20122
Banca Profilo SpA provides services for managing the assets of private and institutional clients and to the financial needs of companies. The company's operating segments include Private Banking and Investment banking; Finance; Digital channels; Activities Abroad and Corporate Centre. It generates maximum revenue from the Finance segment. The Finance segment relates to the management and development of trading activities on their own account and on behalf of third parties in financial instruments and services related to their issue and placement.
33GF Score

Get the complete analysis for MIL:PRO

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

€0.16
Price
€0.15
GF Value