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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 -4.33 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Postmedia Network Canada's Beneish M-Score or its related term are showing as below:
PCDAF'
s Beneish M-Score Range Over the Past 10 Years
Min: -4.36 Med: -3.25 Max: -1.65
Current: -4.33
During the past 13 years, the highest Beneish M-Score of Postmedia Network Canada was -1.65. The lowest was -4.36. And the median was -3.25.
Postmedia Network Canada Beneish M-Score Related Terms
Postmedia Network Canada Beneish M-Score Historical Data
* 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.
For the Publishing subindustry, Postmedia Network 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.
Postmedia Network Canada Beneish M-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Postmedia Network Canada's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Postmedia Network Canada's Beneish M-Score falls into.
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 Postmedia Network Canada 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 * 0.9219
+
0.528 * 1.0656
+
0.404 * 0.6445
+
0.892 * 1.1223
+
0.115 * 0.5873
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9629
+
4.679 * -0.366702
-
0.327 * 0.9982
=
-4.31
* 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.
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.
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))
=
(11.323 / (11.323 + 29.288))
/
(16.547 / (16.547 + 18.308))
=
0.278816
/
0.474738
=
0.5873
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
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
=
(-70.118 - -37.083
-
14.414)
/
129.394
=
-0.366702
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.
Postmedia Network Canada has a M-score of -4.31 suggests that the company is unlikely to be a manipulator.
Postmedia Network Canada (PCDAF) has a Beneish M-Score of -4.33 as of Jul. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Postmedia Network Canada and its competitors. According to the industry distribution chart, Postmedia Network Canada ranks #61 out of 974 companies in the Media - Diversified industry, placing it in the top 6.3%.
Is Postmedia Network Canada's Beneish M-Score too high?
Postmedia Network Canada's current Beneish M-Score is -4.33. Based on the distribution chart, Postmedia Network Canada ranks #61 out of 974 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Postmedia Network Canada has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Postmedia Network Canada's Beneish M-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Postmedia Network Canada ranks #61 out of 974 companies for Beneish M-Score. This places Postmedia Network Canada in the top 6% of its industry — outperforming the majority of peers. 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 Media - Diversified company?
A good Beneish M-Score depends on the Media - Diversified 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 Postmedia Network Canada and its competitors. Postmedia Network Canada's current Beneish M-Score is -4.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Postmedia Network Canada stock overvalued right now?
Postmedia Network Canada (PCDAF) has a current Beneish M-Score of -4.33. The stock's GF Value™ is $1.94, compared to a current price of $1.13 — trading 41.7% below its estimated fair value. The current Beneish M-Score is -4.33. Postmedia Network Canada's overall GF Score™ is 34/100 with 4 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 Postmedia Network Canada (PCDAF), the current Beneish M-Score is -4.33 as of Jul. 28, 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 Postmedia Network Canada (PCDAF) Overvalued in 2026?
Based on GuruFocus' analysis, Postmedia Network Canada stock appears to be undervalued.
The current stock price of $1.13 is trading 41.7% below its estimated GF Value™ of $1.94.
Key valuation signals for PCDAF:
Beneish M-Score: -4.33
GF Value™: $1.94 vs. price of $1.13 (41.7% below fair value)
No single metric tells the full story. See the PCDAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Postmedia Network Canada Corp is a holding company. It operates through the Newsmedia segment. The company's business consists of news and information gathering and dissemination operations, with products offered in local, regional and metropolitan markets in Canada through multiple print, online and mobile platforms. Postmedia's operations include an extensive distribution network, which also offers distribution services, for advertising flyers and parcels. The combination of these distribution platforms provides audiences with a variety of media through which to access and interact with Postmedia's content. The breadth of the company's reach and the diversity of its content enable advertisers to reach target audiences on a local, regional or national scale.
34GF 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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