PCT (PureCycle Technologies) Beneish M-Score: 4.30 (As of Jun. 25, 2026) — Near Median


PCT PureCycle Technologies Inc PCT
25 GF Score
Price $7.90
! 6 Warning Signs
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What is PureCycle Technologies Beneish M-Score?

PureCycle Technologies PCT -1.37% 25 Beneish M-Score is 4.30 as of Jun. 25, 2026, which is at its 10-year median of 4.30. GuruFocus rates PCT with a GF Score™ of 25/100. The stock has 6 warning signs investors should review. Among 2,926 Industrial Products companies, PureCycle Technologies ranks worse than 98.5% 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.

Warning Sign:

Beneish M-Score 4.3 higher than -1.78, which implies that the company might have manipulated its financial results.

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

PCT' s Beneish M-Score Range Over the Past 10 Years
Min: 4.3   Med: 4.3   Max: 4.3
Current: 4.3

During the past 8 years, the highest Beneish M-Score of PureCycle Technologies was 4.30. The lowest was 4.30. And the median was 4.30.

PureCycle Technologies Beneish M-Score Historical Data

* Premium members only.

The historical data trend for PureCycle Technologies'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.

PureCycle Technologies Beneish M-Score Chart

PureCycle Technologies Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

PureCycle Technologies 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 0.00 0.00 0.00 0.00 4.30

PCT vs CECO, ERII, ARQ: Beneish M-Score Comparison

For the Pollution & Treatment Controls subindustry, PureCycle Technologies'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.

PureCycle Technologies Beneish M-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, PureCycle Technologies's Beneish M-Score distribution charts can be found below:

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


PCT
25GF Score
PureCycle Technologies Inc PCT
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PureCycle Technologies 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 PureCycle Technologies 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 * 0.371+0.528 * 5.6348+0.404 * 0.8094+0.892 * 6.9+0.115 * 0.9873
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.165+4.679 * -0.093436-0.327 * 0.9226
=4.30

* 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 $3.83 Mil.
Revenue was 4.127 + 2.695 + 2.43 + 1.65 = $10.90 Mil.
Gross Profit was -27.267 + -23.775 + -27.14 + -28.341 = $-106.52 Mil.
Total Current Assets was $146.38 Mil.
Total Assets was $886.01 Mil.
Property, Plant and Equipment(Net PPE) was $727.21 Mil.
Depreciation, Depletion and Amortization(DDA) was $33.75 Mil.
Selling, General, & Admin. Expense(SGA) was $57.98 Mil.
Total Current Liabilities was $85.56 Mil.
Long-Term Debt & Capital Lease Obligation was $417.91 Mil.
Net Income was -33.441 + -18.787 + -28.37 + -144.24 = $-224.84 Mil.
Non Operating Income was 22.354 + 39.794 + 23.948 + -81.623 = $4.47 Mil.
Cash Flow from Operations was -42.654 + -28.688 + -38.462 + -36.722 = $-146.53 Mil.
 Total Receivables was $1.49 Mil.
Revenue was 1.58 + 0 + 0 + 0 = $1.58 Mil.
Gross Profit was -22.422 + -25.383 + -16.965 + -22.22 = $-86.99 Mil.
Total Current Assets was $49.66 Mil.
Total Assets was $787.34 Mil.
Property, Plant and Equipment(Net PPE) was $724.04 Mil.
Depreciation, Depletion and Amortization(DDA) was $33.15 Mil.
Selling, General, & Admin. Expense(SGA) was $50.93 Mil.
Total Current Liabilities was $90.61 Mil.
Long-Term Debt & Capital Lease Obligation was $394.31 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)
=(3.825 / 10.902) / (1.494 / 1.58)
=0.350853 / 0.94557
=0.371

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)
=(-86.99 / 1.58) / (-106.523 / 10.902)
=-55.056962 / -9.770959
=5.6348

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 - (146.382 + 727.206) / 886.007) / (1 - (49.662 + 724.042) / 787.338)
=0.014017 / 0.017317
=0.8094

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
=10.902 / 1.58
=6.9

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))
=(33.154 / (33.154 + 724.042)) / (33.745 / (33.745 + 727.206))
=0.043785 / 0.044346
=0.9873

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)
=(57.978 / 10.902) / (50.93 / 1.58)
=5.318107 / 32.234177
=0.165

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)
=((417.907 + 85.558) / 886.007) / ((394.31 + 90.61) / 787.338)
=0.56824 / 0.615898
=0.9226

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
=(-224.838 - 4.473 - -146.526) / 886.007
=-0.093436

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.

PureCycle Technologies has a M-score of 4.30 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 4.30 mean?
PureCycle Technologies (PCT) has a Beneish M-Score of 4.30 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on PureCycle Technologies and its competitors. This is near median its historical median of 4.30. Over the past decade, PureCycle Technologies' Beneish M-Score has ranged from 4.30 to 4.30. According to the industry distribution chart, PureCycle Technologies ranks #2882 out of 2926 companies in the Industrial Products industry, placing it in the top 98.5%.
Is PureCycle Technologies' Beneish M-Score too high?
PureCycle Technologies' current Beneish M-Score of 4.30 is near median its 10-year median of 4.30. Over the past 10 years, this metric has ranged from a low of 4.30 to a high of 4.30. Based on the distribution chart, PureCycle Technologies ranks #2882 out of 2926 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, PureCycle Technologies has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does PureCycle Technologies' Beneish M-Score compare to CECO and ERII?
According to the Industrial Products industry distribution chart, PureCycle Technologies ranks #2882 out of 2926 companies for Beneish M-Score. This places PureCycle Technologies in the lower half of its industry. Historically, PureCycle Technologies' own Beneish M-Score has ranged from 4.30 to 4.30 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 an Industrial Products company?
A good Beneish M-Score depends on the Industrial Products 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 PureCycle Technologies and its competitors. PureCycle Technologies's current Beneish M-Score is 4.30, which is near median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PureCycle Technologies stock overvalued right now?
PureCycle Technologies (PCT) has a current Beneish M-Score of 4.30. The current Beneish M-Score is 4.30, which is near median its 10-year median of 4.30. PureCycle Technologies' overall GF Score™ is 25/100 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 PureCycle Technologies (PCT), the current Beneish M-Score is 4.30 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.

PureCycle Technologies Business Description

Other Exchanges PCTTU:USA
Address 20 North Orange Avenue, Suite 106, Orlando, FL, USA, 32801
PureCycle Technologies Inc is a Florida-based corporation focused on commercializing a patented dissolution process to physically separate the polymer from other plastics, color, and contaminants (the Technology), originally developed by The Procter & Gamble Company (P&G), for restoring waste polypropylene into resin with near-virgin characteristics, called PureFive resin. PureFive resin represents the family of recycled resin products produced, including ultra-pure resin and other grades used for compounding to meet customer specifications, which has similar properties and applicability for reuse as virgin polypropylene. It has a single operating segment, which encompasses integrated business activities related to the recycling of polypropylene into resins.
25GF Score

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