OCTV (Octave Intelligence) Beneish M-Score: -2.64 (As of Jul. 24, 2026)

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OCTV Octave Intelligence PLC OCTV
19 GF Score
Price $16.32
! 1 Warning Sign
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What is Octave Intelligence Beneish M-Score?

Octave Intelligence OCTV +5.29% 19 Beneish M-Score is -2.64 as of Jul. 24, 2026. GuruFocus rates OCTV with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 2,630 Software companies, Octave Intelligence ranks better than 57% 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 -2.64 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

OCTV' s Beneish M-Score Range Over the Past 10 Years
Min: -2.64   Med: -2.64   Max: -2.64
Current: -2.64

During the past 3 years, the highest Beneish M-Score of Octave Intelligence was -2.64. The lowest was -2.64. And the median was -2.64.

Octave Intelligence Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Octave Intelligence'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.

Octave Intelligence Beneish M-Score Chart

Octave Intelligence Annual Data
Trend Dec22 Dec23 Dec24
Beneish M-Score
0.00 0.00 -2.64

Octave Intelligence Semi-Annual Data
Dec22 Dec23 Dec24
Beneish M-Score 0.00 0.00 -2.64

OCTV vs SRAD, DAVE, LIF: Beneish M-Score Comparison

For the Software - Application subindustry, Octave Intelligence'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.

Octave Intelligence Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Octave Intelligence's Beneish M-Score distribution charts can be found below:

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


OCTV
19GF Score
Octave Intelligence PLC OCTV
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Octave Intelligence 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 Octave Intelligence 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 * 0.9088+0.528 * 0.9699+0.404 * 1.0062+0.892 * 1.0412+0.115 * 0.9215
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9894+4.679 * -0.022559-0.327 * 0.9693
=-2.64

* 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 (Dec24) TTM:Last Year (Dec23) TTM:
Total Receivables was $382 Mil.
Revenue was $1,604 Mil.
Gross Profit was $1,171 Mil.
Total Current Assets was $560 Mil.
Total Assets was $8,429 Mil.
Property, Plant and Equipment(Net PPE) was $115 Mil.
Depreciation, Depletion and Amortization(DDA) was $137 Mil.
Selling, General, & Admin. Expense(SGA) was $498 Mil.
Total Current Liabilities was $554 Mil.
Long-Term Debt & Capital Lease Obligation was $44 Mil.
Net Income was $309 Mil.
Gross Profit was $2 Mil.
Cash Flow from Operations was $497 Mil.
 Total Receivables was $404 Mil.
Revenue was $1,541 Mil.
Gross Profit was $1,091 Mil.
Total Current Assets was $602 Mil.
Total Assets was $8,476 Mil.
Property, Plant and Equipment(Net PPE) was $125 Mil.
Depreciation, Depletion and Amortization(DDA) was $125 Mil.
Selling, General, & Admin. Expense(SGA) was $483 Mil.
Total Current Liabilities was $570 Mil.
Long-Term Debt & Capital Lease Obligation was $51 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)
=(382.096 / 1604.171) / (403.809 / 1540.674)
=0.238189 / 0.262099
=0.9088

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)
=(1090.784 / 1540.674) / (1170.991 / 1604.171)
=0.707991 / 0.729966
=0.9699

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 - (559.522 + 115.429) / 8428.967) / (1 - (602.121 + 124.55) / 8475.655)
=0.919925 / 0.914264
=1.0062

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
=1604.171 / 1540.674
=1.0412

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))
=(124.978 / (124.978 + 124.55)) / (137.437 / (137.437 + 115.429))
=0.500858 / 0.543517
=0.9215

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)
=(497.767 / 1604.171) / (483.162 / 1540.674)
=0.310295 / 0.313604
=0.9894

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)
=((44.213 + 554.457) / 8428.967) / ((50.621 + 570.414) / 8475.655)
=0.071025 / 0.073273
=0.9693

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
=(309.09 - 2.375 - 496.866) / 8428.967
=-0.022559

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.

Octave Intelligence has a M-score of -2.64 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 -2.64 mean?
Octave Intelligence (OCTV) has a Beneish M-Score of -2.64 as of Jul. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Octave Intelligence and its competitors. According to the industry distribution chart, Octave Intelligence ranks #1131 out of 2630 companies in the Software industry, placing it in the top 43%.
Is Octave Intelligence's Beneish M-Score too high?
Octave Intelligence's current Beneish M-Score is -2.64. Based on the distribution chart, Octave Intelligence ranks #1131 out of 2630 companies in the Software industry, which is above the industry midpoint. Overall, Octave Intelligence has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Octave Intelligence's Beneish M-Score compare to SRAD and DAVE?
According to the Software industry distribution chart, Octave Intelligence ranks #1131 out of 2630 companies for Beneish M-Score. This puts Octave Intelligence in the upper 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 Software company?
A good Beneish M-Score depends on the Software 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 Octave Intelligence and its competitors. Octave Intelligence's current Beneish M-Score is -2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Octave Intelligence stock overvalued right now?
Octave Intelligence (OCTV) has a current Beneish M-Score of -2.64. The current Beneish M-Score is -2.64. Octave Intelligence's overall GF Score™ is 19/100 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 Octave Intelligence (OCTV), the current Beneish M-Score is -2.64 as of Jul. 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.

Octave Intelligence Business Description

Address 305 Intergraph Way, Madison, AL, USA, 35758
Octave Intelligence PLC provides a suite of software solutions that help organizations design, build, operate, and protect their physical assets, people, and critical infrastructure. The company operates in a single business segment developing enterprise software used in design, construction, operations, and security. Geographically, it operates in Americas that includes the United States, and Other Americas (Canada, and Latin America); EMIA that includes Europe, Middle East, India, and Africa; and APAC that includes the Asia-Pacific region, excluding India. The company derives maximum revenue from Americas. Its products include: Octave Coda Spatial, Octave Alto Twin, Octave Coda, Octave Oncall, Octave Alto, Octave Imagine, Octave Oncall Dispatch, Octave Alto Lightspeed, and Others.
19GF Score

Get the complete analysis for OCTV

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

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