OLNCF (Omni-Lite Industries Canada) Beneish M-Score: -2.64 (As of Jul. 01, 2026)

What is Omni-Lite Industries Canada Beneish M-Score?

Omni-Lite Industries Canada OLNCF -1.27% 50 Beneish M-Score is -2.64 as of Jul. 01, 2026. GuruFocus rates OLNCF with a GF Score™ of 50/100 and a GF Value™ of $0.90 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,918 Industrial Products companies, Omni-Lite Industries Canada ranks better than 67.24% 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 Omni-Lite Industries Canada's Beneish M-Score or its related term are showing as below:

OLNCF' s Beneish M-Score Range Over the Past 10 Years
Min: -10.89 Med: -2.77 Max: 10.65
Current: -2.64

During the past 13 years, the highest Beneish M-Score of Omni-Lite Industries Canada was 10.65. The lowest was -10.89. And the median was -2.77.

Omni-Lite Industries Canada Beneish M-Score Related Terms

Omni-Lite Industries Canada Beneish M-Score Historical Data

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The historical data trend for Omni-Lite Industries Canada'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.

Omni-Lite Industries Canada Beneish M-Score Chart

Omni-Lite Industries Canada Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-10.89

-4.36

-3.06

-2.43

-2.81

Omni-Lite Industries Canada 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															-2.90	-2.93	-2.99	-2.81	-2.64

OLNCF vs CRS, ATI, MLI: Beneish M-Score Comparison

For the Metal Fabrication subindustry, Omni-Lite Industries Canada'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.

Omni-Lite Industries Canada Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Omni-Lite Industries Canada's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Omni-Lite Industries Canada's Beneish M-Score falls into.

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Omni-Lite Industries Canada Inc OLNCF

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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Omni-Lite Industries Canada 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 Omni-Lite Industries Canada for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.3701

0.528 * 0.7827

0.404 * 0.6281

0.892 * 1.074

0.115 * 0.9482

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.2953

4.679 * -0.03951

0.327 * 1.0263

-2.59

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $3.36 Mil.
Revenue was 4.383 + 4.117 + 4.041 + 3.459 = $16.00 Mil.
Gross Profit was 1.424 + 0.736 + 0.714 + 0.558 = $3.43 Mil.
Total Current Assets was $11.31 Mil.
Total Assets was $21.64 Mil.
Property, Plant and Equipment(Net PPE) was $8.06 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.16 Mil.
Selling, General, & Admin. Expense(SGA) was $1.98 Mil.
Total Current Liabilities was $1.77 Mil.
Long-Term Debt & Capital Lease Obligation was $4.74 Mil.
Net Income was 0.404 + 0.179 + -0.003 + -0.166 = $0.41 Mil.
Non Operating Income was 0 + 0.019 + 0 + 0.024 = $0.04 Mil.
Cash Flow from Operations was 0.448 + 0.454 + 0.148 + 0.176 = $1.23 Mil.

Total Receivables was $2.29 Mil.
Revenue was 3.307 + 3.491 + 3.778 + 4.321 = $14.90 Mil.
Gross Profit was 0.776 + 0.326 + 0.51 + 0.889 = $2.50 Mil.
Total Current Assets was $10.33 Mil.
Total Assets was $22.75 Mil.
Property, Plant and Equipment(Net PPE) was $8.63 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.17 Mil.
Selling, General, & Admin. Expense(SGA) was $1.42 Mil.
Total Current Liabilities was $1.67 Mil.
Long-Term Debt & Capital Lease Obligation was $5.00 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)
	=	(3.364 / 16)	/	(2.286 / 14.897)
	=	0.21025	/	0.153454
	=	1.3701

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)
	=	(2.501 / 14.897)	/	(3.432 / 16)
	=	0.167886	/	0.2145
	=	0.7827

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 - (11.312 + 8.064) / 21.64)	/	(1 - (10.33 + 8.634) / 22.754)
	=	0.104621	/	0.166564
	=	0.6281

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
	=	16	/	14.897
	=	1.074

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))
	=	(1.165 / (1.165 + 8.634))	/	(1.156 / (1.156 + 8.064))
	=	0.11889	/	0.12538
	=	0.9482

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)
	=	(1.981 / 16)	/	(1.424 / 14.897)
	=	0.123813	/	0.09559
	=	1.2953

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)
	=	((4.739 + 1.77) / 21.64)	/	((5.003 + 1.666) / 22.754)
	=	0.300786	/	0.293091
	=	1.0263

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
	=	(0.414 - 0.043	-	1.226)	/	21.64
	=	-0.03951

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.

Omni-Lite Industries Canada has a M-score of -2.59 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?

Omni-Lite Industries Canada (OLNCF) has a Beneish M-Score of -2.64 as of Jul. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Omni-Lite Industries Canada and its competitors. According to the industry distribution chart, Omni-Lite Industries Canada ranks #956 out of 2918 companies in the Industrial Products industry, placing it in the top 32.8%.

Is Omni-Lite Industries Canada's Beneish M-Score too high?

Omni-Lite Industries Canada's current Beneish M-Score is -2.64. Based on the distribution chart, Omni-Lite Industries Canada ranks #956 out of 2918 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Omni-Lite Industries Canada has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Omni-Lite Industries Canada's Beneish M-Score compare to CRS and ATI?

According to the Industrial Products industry distribution chart, Omni-Lite Industries Canada ranks #956 out of 2918 companies for Beneish M-Score. This puts Omni-Lite Industries Canada 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 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 Omni-Lite Industries Canada and its competitors. Omni-Lite Industries Canada'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 Omni-Lite Industries Canada stock overvalued right now?

Based on GuruFocus' analysis, Omni-Lite Industries Canada (OLNCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.90, compared to a current price of $1.56 — trading 73.3% above its estimated fair value. The current Beneish M-Score is -2.64. Omni-Lite Industries Canada's overall GF Score™ is 50/100 with 3 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 Omni-Lite Industries Canada (OLNCF), the current Beneish M-Score is -2.64 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.

Is Omni-Lite Industries Canada (OLNCF) Overvalued in 2026?

Based on GuruFocus' analysis, Omni-Lite Industries Canada stock appears to be overvalued. The current stock price of $1.56 is trading 73.3% above its estimated GF Value™ of $0.90. GuruFocus considers Omni-Lite Industries Canada to be Significantly Overvalued.

Key valuation signals for OLNCF:

Beneish M-Score: -2.64
GF Value™: $0.90 vs. price of $1.56 (73.3% above fair value)
GF Score™: 50/100 with 3 warning signs

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

Omni-Lite Industries Canada Business Description

Industry Industrials Industrial Products

Comparable Companies TSXV:IB TSXV:CYM TSXV:IVX CRS ATI MLI SHSE:688409 XTER:NDA CMC ESAB SHSE:603308 SZSE:000039 XBRU:VIO SZSE:300748 SHSE:688122 SZSE:300953 GPGI SZSE:002552 SHSE:601399 TPE:2474

Other Exchanges 0TA:Germany OML:Canada

Address 17210 Edwards Road, Cerritos, CA, USA, 90703

Website https://www.omni-lite.com

Omni-Lite Industries Canada Inc core mission is the adaptation of material science for mission critical applications. These products include components for the aerospace, military, specialty automotive and sports and recreational industries. The company has two segments United States and Canada. The company generates majority of revenue from United States.

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

$1.56

Price

$0.90

GF Value

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