PCFBY (Pacific Basin Shipping) Beneish M-Score: -2.95 (As of Jun. 25, 2026)


PCFBY Pacific Basin Shipping Ltd PCFBY
70 GF Score
Price $7.58
GF Value $5.57
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Pacific Basin Shipping Beneish M-Score?

Pacific Basin Shipping PCFBY 70 Beneish M-Score is -2.95 as of Jun. 25, 2026. GuruFocus rates PCFBY with a GF Score™ of 70/100 and a GF Value™ of $5.57 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 966 Transportation companies, Pacific Basin Shipping ranks better than 81.78% 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 -2.95 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PCFBY' s Beneish M-Score Range Over the Past 10 Years
Min: -4.57   Med: -2.85   Max: -1.48
Current: -2.95

During the past 13 years, the highest Beneish M-Score of Pacific Basin Shipping was -1.48. The lowest was -4.57. And the median was -2.85.

Pacific Basin Shipping Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Pacific Basin Shipping'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.

Pacific Basin Shipping Beneish M-Score Chart

Pacific Basin Shipping Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.78 -2.75 -1.48 -2.22 -2.95

Pacific Basin Shipping Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -1.48 0.00 -2.22 0.00 -2.95

Pacific Basin Shipping Beneish M-Score Competitor Comparison

For the Marine Shipping subindustry, Pacific Basin Shipping'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.

Pacific Basin Shipping Beneish M-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Pacific Basin Shipping's Beneish M-Score distribution charts can be found below:

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


PCFBY
70GF Score
Pacific Basin Shipping Ltd PCFBY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pacific Basin Shipping 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 Pacific Basin Shipping 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 * 1.1584+0.528 * 1.4375+0.404 * 0.4339+0.892 * 0.8061+0.115 * 1.0222
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.4412+4.679 * -0.093369-0.327 * 0.8172
=-2.96

* 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 $121 Mil.
Revenue was $2,081 Mil.
Gross Profit was $76 Mil.
Total Current Assets was $517 Mil.
Total Assets was $2,278 Mil.
Property, Plant and Equipment(Net PPE) was $1,733 Mil.
Depreciation, Depletion and Amortization(DDA) was $191 Mil.
Selling, General, & Admin. Expense(SGA) was $7 Mil.
Total Current Liabilities was $318 Mil.
Long-Term Debt & Capital Lease Obligation was $135 Mil.
Net Income was $58 Mil.
Gross Profit was $0 Mil.
Cash Flow from Operations was $271 Mil.
 Total Receivables was $130 Mil.
Revenue was $2,582 Mil.
Gross Profit was $135 Mil.
Total Current Assets was $566 Mil.
Total Assets was $2,414 Mil.
Property, Plant and Equipment(Net PPE) was $1,779 Mil.
Depreciation, Depletion and Amortization(DDA) was $201 Mil.
Selling, General, & Admin. Expense(SGA) was $6 Mil.
Total Current Liabilities was $349 Mil.
Long-Term Debt & Capital Lease Obligation was $238 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)
=(121.469 / 2081.039) / (130.075 / 2581.552)
=0.058369 / 0.050386
=1.1584

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)
=(135.24 / 2581.552) / (75.839 / 2081.039)
=0.052387 / 0.036443
=1.4375

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 - (516.813 + 1733.152) / 2278.427) / (1 - (565.808 + 1778.726) / 2414.035)
=0.012492 / 0.02879
=0.4339

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
=2081.039 / 2581.552
=0.8061

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))
=(200.698 / (200.698 + 1778.726)) / (190.833 / (190.833 + 1733.152))
=0.101392 / 0.099186
=1.0222

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)
=(6.982 / 2081.039) / (6.009 / 2581.552)
=0.003355 / 0.002328
=1.4412

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)
=((134.901 + 317.769) / 2278.427) / ((237.925 + 348.967) / 2414.035)
=0.198677 / 0.243117
=0.8172

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
=(58.172 - 0 - 270.906) / 2278.427
=-0.093369

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.

Pacific Basin Shipping has a M-score of -2.96 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 -2.95 mean?
Pacific Basin Shipping (PCFBY) has a Beneish M-Score of -2.95 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pacific Basin Shipping and its competitors. According to the industry distribution chart, Pacific Basin Shipping ranks #176 out of 966 companies in the Transportation industry, placing it in the top 18.2%.
Is Pacific Basin Shipping's Beneish M-Score too high?
Pacific Basin Shipping's current Beneish M-Score is -2.95. Based on the distribution chart, Pacific Basin Shipping ranks #176 out of 966 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Pacific Basin Shipping has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pacific Basin Shipping's Beneish M-Score compare to competitors?
According to the Transportation industry distribution chart, Pacific Basin Shipping ranks #176 out of 966 companies for Beneish M-Score. This places Pacific Basin Shipping in the top 18% 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 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 Pacific Basin Shipping and its competitors. Pacific Basin Shipping's current Beneish M-Score is -2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Basin Shipping stock overvalued right now?
Based on GuruFocus' analysis, Pacific Basin Shipping (PCFBY) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.57, compared to a current price of $7.58 — trading 36.1% above its estimated fair value. The current Beneish M-Score is -2.95. Pacific Basin Shipping's overall GF Score™ is 70/100 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 Pacific Basin Shipping (PCFBY), the current Beneish M-Score is -2.95 as of Jun. 25, 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 Pacific Basin Shipping (PCFBY) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific Basin Shipping stock appears to be overvalued. The current stock price of $7.58 is trading 36.1% above its estimated GF Value™ of $5.57. GuruFocus considers Pacific Basin Shipping to be Significantly Overvalued.

Key valuation signals for PCFBY:

  • Beneish M-Score: -2.95
  • GF Value™: $5.57 vs. price of $7.58 (36.1% above fair value)
  • GF Score™: 70/100 with 6 warning signs

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

Pacific Basin Shipping Business Description

Address 2 Heung Yip Road, 31st Floor, One Island South, Wong Chuk Hang, Hong Kong, HKG
Pacific Basin Shipping Ltd is engaged in the provision of dry bulk shipping services internationally. It owns and operates dry bulk cargo vessels, and its business is customer and cargo focused, providing industrial buyers, traders and producers of dry bulk commodities with a safe, reliable and competitive freight service under spot and long-term cargo contracts. The company's revenue is substantially derived from the provision of dry bulk shipping services internationally.
70GF Score

Get the complete analysis for PCFBY

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

$7.58
Price
$5.57
GF Value