NGTF (NightFood Holdings) Beneish M-Score: 0.00 (As of Aug. 02, 2026)

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What is NightFood Holdings Beneish M-Score?

NightFood Holdings NGTF +7.69% Beneish M-Score is 0.00 as of Aug. 02, 2026. The stock has 5 warning signs investors should review. Among 2,908 Industrial Products companies, NightFood Holdings ranks worse than 34387.86% 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.

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

During the past 13 years, the highest Beneish M-Score of NightFood Holdings was 213.84. The lowest was -30.08. And the median was 91.88.

NightFood Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for NightFood Holdings'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.

NightFood Holdings Beneish M-Score Chart

NightFood Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 213.84

NightFood Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 213.84 0.00 0.00 0.00

NGTF vs WFF, AUSI, CETY: Beneish M-Score Comparison

For the Specialty Industrial Machinery subindustry, NightFood Holdings'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.

NightFood Holdings Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, NightFood Holdings's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where NightFood Holdings's Beneish M-Score falls into.


NightFood Holdings 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 NightFood Holdings 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 (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $0.26 Mil.
Revenue was 2.709 + 2.211 + 0.782 + 0.481 = $6.18 Mil.
Gross Profit was 1.985 + 1.437 + 0.306 + 0.068 = $3.80 Mil.
Total Current Assets was $1.88 Mil.
Total Assets was $128.98 Mil.
Property, Plant and Equipment(Net PPE) was $25.30 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.42 Mil.
Selling, General, & Admin. Expense(SGA) was $12.87 Mil.
Total Current Liabilities was $25.38 Mil.
Long-Term Debt & Capital Lease Obligation was $20.98 Mil.
Net Income was -5.421 + -4.288 + -3.696 + -4.33 = $-17.74 Mil.
Non Operating Income was 0.706 + 0.819 + -0.945 + -2.11 = $-1.53 Mil.
Cash Flow from Operations was -1.294 + -3.679 + -0.243 + -0.969 = $-6.19 Mil.
 Total Receivables was $0.09 Mil.
Revenue was 0.001 + 0 + 0 + -0.01 = $-0.01 Mil.
Gross Profit was 0.001 + 0 + 0 + -0.01 = $-0.01 Mil.
Total Current Assets was $0.61 Mil.
Total Assets was $9.49 Mil.
Property, Plant and Equipment(Net PPE) was $0.10 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.79 Mil.
Total Current Liabilities was $10.18 Mil.
Long-Term Debt & Capital Lease Obligation was $0.41 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)
=(0.26 / 6.183) / (0.085 / -0.009)
=0.042051 /
=

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)
=(-0.009 / -0.009) / (3.796 / 6.183)
= / 0.613941
=

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 - (1.884 + 25.3) / 128.977) / (1 - (0.611 + 0.095) / 9.486)
=0.789234 / 0.925575
=

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
=6.183 / -0.009
=

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 + 0.095)) / (2.419 / (2.419 + 25.3))
=0 / 0.087269
=

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)
=(12.869 / 6.183) / (1.789 / -0.009)
=2.081352 /
=

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)
=((20.981 + 25.382) / 128.977) / ((0.408 + 10.177) / 9.486)
=0.359467 / 1.115855
=

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
=(-17.735 - -1.53 - -6.185) / 128.977
=-0.077688

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?
NightFood Holdings (NGTF) has a Beneish M-Score of 0.00 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on NightFood Holdings and its competitors. According to the industry distribution chart, NightFood Holdings ranks #999999 out of 2908 companies in the Industrial Products industry.
Is NightFood Holdings' Beneish M-Score too high?
NightFood Holdings' current Beneish M-Score is 0.00. Based on the distribution chart, NightFood Holdings ranks #999999 out of 2908 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does NightFood Holdings' Beneish M-Score compare to WFF and AUSI?
According to the Industrial Products industry distribution chart, NightFood Holdings ranks #999999 out of 2908 companies for Beneish M-Score. This places NightFood Holdings 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 NightFood Holdings and its competitors. NightFood Holdings'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 NightFood Holdings stock overvalued right now?
NightFood Holdings (NGTF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. 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 NightFood Holdings (NGTF), the current Beneish M-Score is 0.00 as of Aug. 02, 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.

NightFood Holdings Business Description

Address 13501 South Main Street, Los Angeles, CA, USA, 90016
NightFood Holdings Inc operates as a food service and hospitality technology and asset acquisition company. The Company's activities are focused on the integration of AI-powered service robotics and the ownership and operation of hospitality-related real estate. It is organized into two business segments: Robotics-as-a-Service (RaaS) expects to develop and provide automation solutions intended to improve efficiency and reduce labor demands in food service and hospitality environments, with an emphasis on tasks that are labor-intensive or repetitive; Hospitality Asset Ownership plans to acquire, own, and operate hotel properties. These assets may also serve as deployment sites for the Company's automation technologies, where operational efficiencies may be evaluated and implemented.