PDYN (Palladyne AI) Beneish M-Score: 15.62 (As of Jun. 26, 2026)

What is Palladyne AI Beneish M-Score?

Palladyne AI PDYN -2.51% 58 Beneish M-Score is 15.62 as of Jun. 26, 2026. GuruFocus rates PDYN with a GF Score™ of 58/100 and a GF Value™ of $1.59 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,633 Software companies, Palladyne AI ranks worse than 98.59% 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 15.62 higher than -1.78, which implies that the company might have manipulated its financial results.

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

PDYN' s Beneish M-Score Range Over the Past 10 Years
Min: -4.52 Med: -2.65 Max: 22.8
Current: 15.62

During the past 6 years, the highest Beneish M-Score of Palladyne AI was 22.80. The lowest was -4.52. And the median was -2.65.

Palladyne AI Beneish M-Score Related Terms

Palladyne AI Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Palladyne AI'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.

Palladyne AI Beneish M-Score Chart

Palladyne AI Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

Get a 7-Day Free Trial

0.00

22.80

-4.07

-2.88

13.53

Palladyne AI 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															-2.64	-3.15	-2.65	13.53	15.62

PDYN vs ALLT, IIIV, PSFE: Beneish M-Score Comparison

For the Software - Infrastructure subindustry, Palladyne AI'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.

Palladyne AI Beneish M-Score vs Software Industry

For the Software industry and Technology sector, Palladyne AI's Beneish M-Score distribution charts can be found below:

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

Save Embed

58GF Score

Palladyne AI Corp PDYN

Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.

View Full Analysis

Palladyne AI 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 Palladyne AI for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.8671

0.528 * 2.1157

0.404 * 42.3137

0.892 * 1.1683

0.115 * 0.7367

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.0561

4.679 * -0.028805

0.327 * 0.8441

15.62

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was $4.21 Mil.
Revenue was 3.538 + 1.661 + 0.86 + 1.015 = $7.07 Mil.
Gross Profit was 1.065 + 0.259 + 0.399 + 0.541 = $2.26 Mil.
Total Current Assets was $50.35 Mil.
Total Assets was $92.55 Mil.
Property, Plant and Equipment(Net PPE) was $16.96 Mil.
Depreciation, Depletion and Amortization(DDA) was $1.58 Mil.
Selling, General, & Admin. Expense(SGA) was $25.25 Mil.
Total Current Liabilities was $6.42 Mil.
Long-Term Debt & Capital Lease Obligation was $9.45 Mil.
Net Income was -12.608 + -1.493 + -3.74 + -7.487 = $-25.33 Mil.
Non Operating Income was -1.014 + 4.851 + 3.759 + 0.102 = $7.70 Mil.
Cash Flow from Operations was -10.239 + -8.505 + -6.29 + -5.326 = $-30.36 Mil.

Total Receivables was $1.93 Mil.
Revenue was 1.71 + 0.761 + 0.871 + 2.713 = $6.06 Mil.
Gross Profit was 1.357 + 0.207 + 0.392 + 2.144 = $4.10 Mil.
Total Current Assets was $50.26 Mil.
Total Assets was $63.30 Mil.
Property, Plant and Equipment(Net PPE) was $12.63 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.85 Mil.
Selling, General, & Admin. Expense(SGA) was $20.46 Mil.
Total Current Liabilities was $3.14 Mil.
Long-Term Debt & Capital Lease Obligation was $9.72 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)
	=	(4.21 / 7.074)	/	(1.93 / 6.055)
	=	0.595137	/	0.318745
	=	1.8671

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)
	=	(4.1 / 6.055)	/	(2.264 / 7.074)
	=	0.677126	/	0.320045
	=	2.1157

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 - (50.349 + 16.963) / 92.552)	/	(1 - (50.262 + 12.631) / 63.301)
	=	0.272712	/	0.006445
	=	42.3137

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
	=	7.074	/	6.055
	=	1.1683

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))
	=	(0.847 / (0.847 + 12.631))	/	(1.582 / (1.582 + 16.963))
	=	0.062843	/	0.085306
	=	0.7367

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)
	=	(25.249 / 7.074)	/	(20.464 / 6.055)
	=	3.569268	/	3.379686
	=	1.0561

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)
	=	((9.446 + 6.417) / 92.552)	/	((9.718 + 3.136) / 63.301)
	=	0.171396	/	0.203062
	=	0.8441

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
	=	(-25.328 - 7.698	-	-30.36)	/	92.552
	=	-0.028805

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.

Palladyne AI has a M-score of 15.62 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 15.62 mean?

Palladyne AI (PDYN) has a Beneish M-Score of 15.62 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Palladyne AI and its competitors. According to the industry distribution chart, Palladyne AI ranks #2596 out of 2633 companies in the Software industry, placing it in the top 98.6%.

Is Palladyne AI's Beneish M-Score too high?

Palladyne AI's current Beneish M-Score is 15.62. Based on the distribution chart, Palladyne AI ranks #2596 out of 2633 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Palladyne AI has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Palladyne AI's Beneish M-Score compare to ALLT and IIIV?

According to the Software industry distribution chart, Palladyne AI ranks #2596 out of 2633 companies for Beneish M-Score. This places Palladyne AI 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 Software company?

A good Beneish M-Score depends on the Software 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 Palladyne AI and its competitors. Palladyne AI's current Beneish M-Score is 15.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Palladyne AI stock overvalued right now?

Based on GuruFocus' analysis, Palladyne AI (PDYN) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.59, compared to a current price of $5.83 — trading 266.7% above its estimated fair value. The current Beneish M-Score is 15.62. Palladyne AI's overall GF Score™ is 58/100 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 Palladyne AI (PDYN), the current Beneish M-Score is 15.62 as of Jun. 26, 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 Palladyne AI (PDYN) Overvalued in 2026?

Based on GuruFocus' analysis, Palladyne AI stock appears to be overvalued. The current stock price of $5.83 is trading 266.7% above its estimated GF Value™ of $1.59. GuruFocus considers Palladyne AI to be Significantly Overvalued.

Key valuation signals for PDYN:

Beneish M-Score: 15.62
GF Value™: $1.59 vs. price of $5.83 (266.7% above fair value)
GF Score™: 58/100 with 7 warning signs

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

Palladyne AI Business Description

Industry Technology Software

Comparable Companies ALLT IIIV PSFE PAYS SUPX XNET YEXT LSAK DVLT TLS MSFT ORCL PLTR PANW CRWD FTNT SNPS HKSE:02513 NET CRWV

Address 650 South 500 West, Suite 150, Salt Lake City, UT, USA, 84101

Website https://www.palladyneai.com

Palladyne AI Corp is a software company focused on autonomy for robotic systems and solutions. Its artificial intelligence and machine learning software seeks to revolutionize the capabilities of robots, enabling them to observe, learn, reason, and act in structured and unstructured environments. AI and ML software platform of the company empowers robots to perceive variations or changes in the real-world environment, enabling them to autonomously maneuver and manipulate objects accurately in response. Palladyne AI software has wide application, including in industries such as automotive, aviation, construction, defense, general manufacturing, infrastructure inspection, logistics and warehousing.

58GF Score

Get the complete analysis for PDYN

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

$5.83

Price

$1.59

GF Value

View PDYN Analysis

See Beneish M-Score data for all stocks →