PC (Premium Catering (Holdings)) Beneish M-Score: 6.54 (As of Aug. 24, 2026) — Near Median

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PC Premium Catering (Holdings) Ltd PC
22 GF Score
Price $9.40
! 3 Warning Signs
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What is Premium Catering (Holdings) Beneish M-Score?

Premium Catering (Holdings) PC 22 Beneish M-Score is 6.54 as of Aug. 24, 2026, which is at its 10-year median of 6.54. GuruFocus rates PC with a GF Score™ of 22/100. The stock has 3 warning signs investors should review.

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.

Warning Sign:

Beneish M-Score 6.54 higher than -1.78, which implies that the company might have manipulated its financial results.

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

PC' s Beneish M-Score Range Over the Past 10 Years
Min: 6.54   Med: 6.54   Max: 6.54
Current: 6.54

During the past 4 years, the highest Beneish M-Score of Premium Catering (Holdings) was 6.54. The lowest was 6.54. And the median was 6.54.

Premium Catering (Holdings) Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Premium Catering (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.

Premium Catering (Holdings) Beneish M-Score Chart

Premium Catering (Holdings) Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Beneish M-Score
0.00 0.00 0.00 6.54

Premium Catering (Holdings) Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Beneish M-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 6.54

PC vs SST, NTIP, SFRX: Beneish M-Score Comparison

For the Specialty Business Services subindustry, Premium Catering (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.

Premium Catering (Holdings) Beneish M-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Premium Catering (Holdings)'s Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Premium Catering (Holdings)'s Beneish M-Score falls into.


PC
22GF Score
Premium Catering (Holdings) Ltd PC
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Premium Catering (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 Premium Catering (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 * 8.5382+0.528 * 0.6503+0.404 * 0.0005+0.892 * 0.8759+0.115 * 0.3996
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 4.5716+4.679 * 0.680418-0.327 * 0.1239
=6.54

* 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 (Jun25) TTM:Last Year (Jun24) TTM:
Total Receivables was $2.81 Mil.
Revenue was $3.35 Mil.
Gross Profit was $0.83 Mil.
Total Current Assets was $8.97 Mil.
Total Assets was $9.58 Mil.
Property, Plant and Equipment(Net PPE) was $0.61 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.97 Mil.
Selling, General, & Admin. Expense(SGA) was $5.49 Mil.
Total Current Liabilities was $1.11 Mil.
Long-Term Debt & Capital Lease Obligation was $0.33 Mil.
Net Income was $-4.24 Mil.
Gross Profit was $0.64 Mil.
Cash Flow from Operations was $-11.39 Mil.
 Total Receivables was $0.38 Mil.
Revenue was $3.82 Mil.
Gross Profit was $0.62 Mil.
Total Current Assets was $1.03 Mil.
Total Assets was $4.92 Mil.
Property, Plant and Equipment(Net PPE) was $2.86 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.93 Mil.
Selling, General, & Admin. Expense(SGA) was $1.37 Mil.
Total Current Liabilities was $3.76 Mil.
Long-Term Debt & Capital Lease Obligation was $2.23 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)
=(2.812 / 3.346) / (0.376 / 3.82)
=0.840406 / 0.098429
=8.5382

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)
=(0.617 / 3.82) / (0.831 / 3.346)
=0.161518 / 0.248356
=0.6503

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 - (8.966 + 0.608) / 9.575) / (1 - (1.034 + 2.862) / 4.915)
=0.000104 / 0.207325
=0.0005

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
=3.346 / 3.82
=0.8759

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))
=(0.93 / (0.93 + 2.862)) / (0.966 / (0.966 + 0.608))
=0.245253 / 0.613723
=0.3996

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)
=(5.494 / 3.346) / (1.372 / 3.82)
=1.641961 / 0.359162
=4.5716

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)
=((0.333 + 1.113) / 9.575) / ((2.228 + 3.762) / 4.915)
=0.151018 / 1.218718
=0.1239

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
=(-4.236 - 0.635 - -11.386) / 9.575
=0.680418

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.

Premium Catering (Holdings) has a M-score of 6.54 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 6.54 mean?
Premium Catering (Holdings) (PC) has a Beneish M-Score of 6.54 as of Aug. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Premium Catering (Holdings) and its competitors. This is near median its historical median of 6.54. Over the past decade, Premium Catering (Holdings)'s Beneish M-Score has ranged from 6.54 to 6.54.
Is Premium Catering (Holdings)'s Beneish M-Score too high?
Premium Catering (Holdings)'s current Beneish M-Score of 6.54 is near median its 10-year median of 6.54. Over the past 10 years, this metric has ranged from a low of 6.54 to a high of 6.54. Overall, Premium Catering (Holdings) has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Premium Catering (Holdings)'s Beneish M-Score compare to SST and NTIP?
Premium Catering (Holdings)'s Beneish M-Score of 6.54 can be compared against companies in the Business Services industry. Historically, Premium Catering (Holdings)'s own Beneish M-Score has ranged from 6.54 to 6.54 over the past decade. 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 Business Services company?
A good Beneish M-Score depends on the Business Services 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 Premium Catering (Holdings) and its competitors. Premium Catering (Holdings)'s current Beneish M-Score is 6.54, which is near median its own 10-year median of 6.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premium Catering (Holdings) stock overvalued right now?
Premium Catering (Holdings) (PC) has a current Beneish M-Score of 6.54. The current Beneish M-Score is 6.54, which is near median its 10-year median of 6.54. Premium Catering (Holdings)'s overall GF Score™ is 22/100 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 Premium Catering (Holdings) (PC), the current Beneish M-Score is 6.54 as of Aug. 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.

Premium Catering (Holdings) Business Description

Address 6 Woodlands Walk, Singapore, SGP, 738398
Premium Catering (Holdings) Ltd is a company that conducts its operations through its subsidiary is mainly engaged in food catering for functions, events, and workers in Singapore. Are specialized in Indian, Bangladesh, and Chinese cuisine and all its food products are Halal food which is permissible for consumption by Muslims to consume. Are an ACRA registered company and licensed by SFA to operate and process food business. Serve high quality food, company deliver's a reliable and dependable service to meet customer's daily meal requirements. The Company recognizes revenue from sales of budgeted prepared meals.
22GF Score

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

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