PCCOF (Paltac) Beneish M-Score: -2.43 (As of Jun. 24, 2026)


PCCOF Paltac Corp PCCOF
81 GF Score
Price $42.00
GF Value $30.73
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Paltac Beneish M-Score?

Paltac PCCOF +39.77% 81 Beneish M-Score is -2.43 as of Jun. 24, 2026. GuruFocus rates PCCOF with a GF Score™ of 81/100 and a GF Value™ of $30.73 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, Paltac ranks worse than 57.76% 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 -2.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PCCOF' s Beneish M-Score Range Over the Past 10 Years
Min: -2.56   Med: -2.47   Max: -2.36
Current: -2.43

During the past 13 years, the highest Beneish M-Score of Paltac was -2.36. The lowest was -2.56. And the median was -2.47.


Paltac Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Paltac'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.

Paltac Beneish M-Score Chart

Paltac Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.54 -2.36 -2.46 -2.47 -2.43

Paltac 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.47 -2.42 -2.43 -2.34 -2.43

PCCOF vs PG, CL, KVUE: Beneish M-Score Comparison

For the Household & Personal Products subindustry, Paltac'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.


Paltac Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Paltac's Beneish M-Score distribution charts can be found below:

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


PCCOF
81GF Score
Paltac Corp PCCOF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paltac 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 Paltac 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 * 0.95+0.528 * 1.0039+0.404 * 1.0917+0.892 * 1.0377+0.115 * 0.9365
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0352+4.679 * -0.004017-0.327 * 0.9962
=-2.48

* 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 $1,550 Mil.
Revenue was 1809.964 + 2087.682 + 2090.369 + 2187.426 = $8,175 Mil.
Gross Profit was 131.552 + 159.792 + 154.508 + 163.936 = $610 Mil.
Total Current Assets was $2,460 Mil.
Total Assets was $3,354 Mil.
Property, Plant and Equipment(Net PPE) was $689 Mil.
Depreciation, Depletion and Amortization(DDA) was $42 Mil.
Selling, General, & Admin. Expense(SGA) was $435 Mil.
Total Current Liabilities was $1,377 Mil.
Long-Term Debt & Capital Lease Obligation was $2 Mil.
Net Income was 29.688 + 39.656 + 33.119 + 43.188 = $146 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 104.391 + 16.285 + 79.946 + -41.5 = $159 Mil.
Total Receivables was $1,573 Mil.
Revenue was 1858.563 + 2019.559 + 2081.18 + 1918.877 = $7,878 Mil.
Gross Profit was 140.623 + 154.992 + 152.72 + 141.575 = $590 Mil.
Total Current Assets was $2,454 Mil.
Total Assets was $3,402 Mil.
Property, Plant and Equipment(Net PPE) was $758 Mil.
Depreciation, Depletion and Amortization(DDA) was $43 Mil.
Selling, General, & Admin. Expense(SGA) was $405 Mil.
Total Current Liabilities was $1,402 Mil.
Long-Term Debt & Capital Lease Obligation was $2 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)
=(1550.371 / 8175.441) / (1572.567 / 7878.179)
=0.189638 / 0.19961
=0.95

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)
=(589.91 / 7878.179) / (609.788 / 8175.441)
=0.074879 / 0.074588
=1.0039

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 - (2460.123 + 688.638) / 3353.68) / (1 - (2453.649 + 757.647) / 3401.692)
=0.061103 / 0.055971
=1.0917

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
=8175.441 / 7878.179
=1.0377

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))
=(43.094 / (43.094 + 757.647)) / (41.985 / (41.985 + 688.638))
=0.053818 / 0.057465
=0.9365

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)
=(434.707 / 8175.441) / (404.663 / 7878.179)
=0.053172 / 0.051365
=1.0352

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)
=((1.928 + 1376.918) / 3353.68) / ((1.556 + 1402.33) / 3401.692)
=0.411144 / 0.412702
=0.9962

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
=(145.651 - 0 - 159.122) / 3353.68
=-0.004017

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.

Paltac has a M-score of -2.48 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 -2.43 mean?
Paltac (PCCOF) has a Beneish M-Score of -2.43 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Paltac and its competitors. According to the industry distribution chart, Paltac ranks #1068 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 57.8%.
Is Paltac's Beneish M-Score too high?
Paltac's current Beneish M-Score is -2.43. Based on the distribution chart, Paltac ranks #1068 out of 1849 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Paltac has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Paltac's Beneish M-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Paltac ranks #1068 out of 1849 companies for Beneish M-Score. This places Paltac 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 Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods 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 Paltac and its competitors. Paltac's current Beneish M-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paltac stock overvalued right now?
Based on GuruFocus' analysis, Paltac (PCCOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $30.73, compared to a current price of $42.00 — trading 36.7% above its estimated fair value. The current Beneish M-Score is -2.43. Paltac's overall GF Score™ is 81/100 with 7 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 Paltac (PCCOF), the current Beneish M-Score is -2.43 as of Jun. 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.

Is Paltac (PCCOF) Overvalued in 2026?

Based on GuruFocus' analysis, Paltac stock appears to be overvalued. The current stock price of $42.00 is trading 36.7% above its estimated GF Value™ of $30.73. GuruFocus considers Paltac to be Significantly Overvalued.

Key valuation signals for PCCOF:

  • Beneish M-Score: -2.43
  • GF Value™: $30.73 vs. price of $42.00 (36.7% above fair value)
  • GF Score™: 81/100 with 7 warning signs

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


Paltac Business Description

Other Exchanges 8283:Japan
Address 5-9, Minamikyuhoji-Machi, 1-Chome, Chou-Ku, Osaka, JPN
Paltac Corp is engaged in the wholesale business of cosmetics, daily goods, and general-purpose pharmaceuticals.
81GF Score

Get the complete analysis for PCCOF

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

$42.00
Price
$30.73
GF Value