PBKX (Partners Bank of California) Beneish M-Score: -1.94 (As of Aug. 01, 2026)

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PBKX Partners Bank of California PBKX
52 GF Score
Price $19.75
GF Value $13.82
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Partners Bank of California Beneish M-Score?

Partners Bank of California PBKX -1.25% 52 Beneish M-Score is -1.94 as of Aug. 01, 2026. GuruFocus rates PBKX with a GF Score™ of 52/100 and a GF Value™ of $13.82 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,392 Banks companies, Partners Bank of California ranks worse than 92.17% 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.

Good Sign:

Beneish M-Score -1.94 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Partners Bank of California's Beneish M-Score or its related term are showing as below:

PBKX' s Beneish M-Score Range Over the Past 10 Years
Min: -2.56   Med: -2.34   Max: -1.94
Current: -1.94

During the past 8 years, the highest Beneish M-Score of Partners Bank of California was -1.94. The lowest was -2.56. And the median was -2.34.

PBKX
52GF Score
Partners Bank of California PBKX
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Partners Bank of California 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 Partners Bank of California 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 * 1.1489+0.528 * 1+0.404 * 1.0001+0.892 * 1.1347+0.115 * 0.4095
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.9623+4.679 * 0.007838-0.327 * 0.0621
=-1.94

* 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 $1.49 Mil.
Revenue was $22.34 Mil.
Gross Profit was $22.34 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $712.57 Mil.
Property, Plant and Equipment(Net PPE) was $0.15 Mil.
Depreciation, Depletion and Amortization(DDA) was $-7.63 Mil.
Selling, General, & Admin. Expense(SGA) was $1.07 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $3.00 Mil.
Net Income was $6.01 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $0.43 Mil.
 Total Receivables was $1.14 Mil.
Revenue was $19.69 Mil.
Gross Profit was $19.69 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $663.64 Mil.
Property, Plant and Equipment(Net PPE) was $0.21 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.15 Mil.
Selling, General, & Admin. Expense(SGA) was $0.98 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $45.00 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)
=(1.49 / 22.337) / (1.143 / 19.686)
=0.066705 / 0.058062
=1.1489

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)
=(19.686 / 19.686) / (22.337 / 22.337)
=1 / 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 + 0.152) / 712.572) / (1 - (0 + 0.209) / 663.64)
=0.999787 / 0.999685
=1.0001

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
=22.337 / 19.686
=1.1347

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))
=(0.15 / (0.15 + 0.209)) / (-7.633 / (-7.633 + 0.152))
=0.417827 / 1.020318
=0.4095

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)
=(1.069 / 22.337) / (0.979 / 19.686)
=0.047858 / 0.049731
=0.9623

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)
=((3 + 0) / 712.572) / ((45 + 0) / 663.64)
=0.00421 / 0.067808
=0.0621

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
=(6.011 - 0 - 0.426) / 712.572
=0.007838

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.

Partners Bank of California has a M-score of -1.94 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 -1.94 mean?
Partners Bank of California (PBKX) has a Beneish M-Score of -1.94 as of Aug. 01, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Partners Bank of California and its competitors. According to the industry distribution chart, Partners Bank of California ranks #1283 out of 1392 companies in the Banks industry, placing it in the top 92.2%.
Is Partners Bank of California's Beneish M-Score too high?
Partners Bank of California's current Beneish M-Score is -1.94. Based on the distribution chart, Partners Bank of California ranks #1283 out of 1392 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Partners Bank of California has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Partners Bank of California's Beneish M-Score compare to REDW and FSEA?
According to the Banks industry distribution chart, Partners Bank of California ranks #1283 out of 1392 companies for Beneish M-Score. This places Partners Bank of California 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 Partners Bank of California and its competitors. Partners Bank of California's current Beneish M-Score is -1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Bank of California stock overvalued right now?
Based on GuruFocus' analysis, Partners Bank of California (PBKX) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.82, compared to a current price of $19.75 — trading 42.9% above its estimated fair value. The current Beneish M-Score is -1.94. Partners Bank of California's overall GF Score™ is 52/100 with 6 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 Partners Bank of California (PBKX), the current Beneish M-Score is -1.94 as of Aug. 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 Partners Bank of California (PBKX) Overvalued in 2026?

Based on GuruFocus' analysis, Partners Bank of California stock appears to be overvalued. The current stock price of $19.75 is trading 42.9% above its estimated GF Value™ of $13.82. GuruFocus considers Partners Bank of California to be Significantly Overvalued.

Key valuation signals for PBKX:

  • Beneish M-Score: -1.94
  • GF Value™: $13.82 vs. price of $19.75 (42.9% above fair value)
  • GF Score™: 52/100 with 6 warning signs

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

Partners Bank of California Business Description

Address 27201 Puerta Real, Suite 160, Mission Viejo, CA, USA, 92691
Partners Bank of California is engaged in providing personal & commercial banking services to small & middle-market businesses, professional practices, commercial & industrial companies & individuals. Its banking products and services include checking accounts, savings accounts, and certificates of deposit; online banking services, such as bills and schedule payments and funds transfer services. It also offers business banking and commercial lending.
52GF Score

Get the complete analysis for PBKX

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

$19.75
Price
$13.82
GF Value