PAL (Proficient Auto Logistics) Beneish M-Score: -2.81 (As of Jul. 06, 2026)


PAL Proficient Auto Logistics Inc PAL
15 GF Score
Price $6.39
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What is Proficient Auto Logistics Beneish M-Score?

Proficient Auto Logistics PAL -3.29% 15 Beneish M-Score is -2.81 as of Jul. 06, 2026. GuruFocus rates PAL with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 965 Transportation companies, Proficient Auto Logistics ranks better than 71.5% 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 -2.81 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PAL' s Beneish M-Score Range Over the Past 10 Years
Min: -2.81   Med: -2.4   Max: 1727.53
Current: -2.81

During the past 4 years, the highest Beneish M-Score of Proficient Auto Logistics was 1727.53. The lowest was -2.81. And the median was -2.40.

Proficient Auto Logistics Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Proficient Auto Logistics'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.

Proficient Auto Logistics Beneish M-Score Chart

Proficient Auto Logistics Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Beneish M-Score
0.00 0.00 0.00 -2.53

Proficient Auto Logistics Quarterly Data
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 1,727.53 -2.40 -2.39 -2.53 -2.81

PAL vs SFWL, CRGO, NCEW: Beneish M-Score Comparison

For the Integrated Freight & Logistics subindustry, Proficient Auto Logistics'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.

Proficient Auto Logistics Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Proficient Auto Logistics's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Proficient Auto Logistics's Beneish M-Score falls into.


PAL
15GF Score
Proficient Auto Logistics Inc PAL
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Proficient Auto Logistics 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 Proficient Auto Logistics 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 * 0.8005+0.528 * 1.1732+0.404 * 0.974+0.892 * 1.2763+0.115 * 0.7587
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.8785+4.679 * -0.094367-0.327 * 1.0804
=-2.81

* 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 $50.4 Mil.
Revenue was 93.69 + 105.378 + 114.295 + 115.547 = $428.9 Mil.
Gross Profit was 4.054 + 9.013 + 11.692 + 10.822 = $35.6 Mil.
Total Current Assets was $69.6 Mil.
Total Assets was $466.4 Mil.
Property, Plant and Equipment(Net PPE) was $121.0 Mil.
Depreciation, Depletion and Amortization(DDA) was $40.4 Mil.
Selling, General, & Admin. Expense(SGA) was $48.0 Mil.
Total Current Liabilities was $65.5 Mil.
Long-Term Debt & Capital Lease Obligation was $59.4 Mil.
Net Income was -6.49 + -28.251 + -3.02 + -1.557 = $-39.3 Mil.
Non Operating Income was 0.044 + -27.112 + -1.83 + 0.065 = $-28.8 Mil.
Cash Flow from Operations was 1.983 + 7.501 + 12.462 + 11.585 = $33.5 Mil.
 Total Receivables was $49.3 Mil.
Revenue was 95.206 + 93.44 + 91.506 + 55.909 = $336.1 Mil.
Gross Profit was 7.89 + 8.373 + 8.705 + 7.738 = $32.7 Mil.
Total Current Assets was $69.3 Mil.
Total Assets was $505.3 Mil.
Property, Plant and Equipment(Net PPE) was $129.3 Mil.
Depreciation, Depletion and Amortization(DDA) was $30.3 Mil.
Selling, General, & Admin. Expense(SGA) was $42.8 Mil.
Total Current Liabilities was $55.5 Mil.
Long-Term Debt & Capital Lease Obligation was $69.7 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)
=(50.379 / 428.91) / (49.313 / 336.061)
=0.117458 / 0.146738
=0.8005

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)
=(32.706 / 336.061) / (35.581 / 428.91)
=0.097322 / 0.082957
=1.1732

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 - (69.608 + 121.031) / 466.436) / (1 - (69.269 + 129.271) / 505.271)
=0.591286 / 0.607062
=0.974

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
=428.91 / 336.061
=1.2763

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))
=(30.313 / (30.313 + 129.271)) / (40.424 / (40.424 + 121.031))
=0.18995 / 0.250373
=0.7587

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)
=(47.977 / 428.91) / (42.791 / 336.061)
=0.111858 / 0.127331
=0.8785

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)
=((59.426 + 65.514) / 466.436) / ((69.732 + 55.539) / 505.271)
=0.267861 / 0.247928
=1.0804

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
=(-39.318 - -28.833 - 33.531) / 466.436
=-0.094367

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.

Proficient Auto Logistics has a M-score of -2.81 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 -2.81 mean?
Proficient Auto Logistics (PAL) has a Beneish M-Score of -2.81 as of Jul. 06, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Proficient Auto Logistics and its competitors. According to the industry distribution chart, Proficient Auto Logistics ranks #275 out of 965 companies in the Transportation industry, placing it in the top 28.5%.
Is Proficient Auto Logistics' Beneish M-Score too high?
Proficient Auto Logistics' current Beneish M-Score is -2.81. Based on the distribution chart, Proficient Auto Logistics ranks #275 out of 965 companies in the Transportation industry, which is above the industry midpoint. Overall, Proficient Auto Logistics has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Proficient Auto Logistics' Beneish M-Score compare to SFWL and CRGO?
According to the Transportation industry distribution chart, Proficient Auto Logistics ranks #275 out of 965 companies for Beneish M-Score. This puts Proficient Auto Logistics 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 Transportation company?
A good Beneish M-Score depends on the Transportation 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 Proficient Auto Logistics and its competitors. Proficient Auto Logistics's current Beneish M-Score is -2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proficient Auto Logistics stock overvalued right now?
Proficient Auto Logistics (PAL) has a current Beneish M-Score of -2.81. The current Beneish M-Score is -2.81. Proficient Auto Logistics' overall GF Score™ is 15/100 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 Proficient Auto Logistics (PAL), the current Beneish M-Score is -2.81 as of Jul. 06, 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.

Proficient Auto Logistics Business Description

Address 12276 San Jose Boulevard, Suite 426, Jacksonville, FL, USA, 32223
Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The company is organized into two operating segments, Company Drivers and Subhaulers. In Company Drivers segment, revenue is generated by transporting autos for customers in OEM contract and spot arrangements and secondary market auto moves. In Subhaulers segment, company generates revenue by independent owner operators and independent third-party carriers.
15GF Score

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