PFBN (Pacific Alliance Bank CA) Beneish M-Score: -2.15 (As of Aug. 02, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PFBN Pacific Alliance Bank CA PFBN
53 GF Score
Price $9.27
GF Value $8.53
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Pacific Alliance Bank CA Beneish M-Score?

Pacific Alliance Bank CA PFBN 53 Beneish M-Score is -2.15 as of Aug. 02, 2026. GuruFocus rates PFBN with a GF Score™ of 53/100 and a GF Value™ of $8.53 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,392 Banks companies, Pacific Alliance Bank CA ranks worse than 84.55% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

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 -2.15 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

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

PFBN' s Beneish M-Score Range Over the Past 10 Years
Min: -3.11   Med: -2.39   Max: 2.74
Current: -2.15

During the past 9 years, the highest Beneish M-Score of Pacific Alliance Bank CA was 2.74. The lowest was -3.11. And the median was -2.39.

PFBN
53GF Score
Pacific Alliance Bank CA PFBN
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pacific Alliance Bank CA 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 Alliance Bank CA 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+0.528 * 1+0.404 * 0.9998+0.892 * 1.2527+0.115 * 0.9745
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.0546+4.679 * -1.6E-5-0.327 * 0.6351
=-2.15

* 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 $0.00 Mil.
Revenue was $12.44 Mil.
Gross Profit was $12.44 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $440.12 Mil.
Property, Plant and Equipment(Net PPE) was $9.79 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.28 Mil.
Selling, General, & Admin. Expense(SGA) was $0.40 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $17.00 Mil.
Net Income was $2.30 Mil.
Gross Profit was $0.00 Mil.
Cash Flow from Operations was $2.30 Mil.
 Total Receivables was $0.00 Mil.
Revenue was $9.93 Mil.
Gross Profit was $9.93 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $411.06 Mil.
Property, Plant and Equipment(Net PPE) was $9.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.25 Mil.
Selling, General, & Admin. Expense(SGA) was $0.30 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $25.00 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)
=(0 / 12.438) / (0 / 9.929)
=0 / 0
=1

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)
=(9.929 / 9.929) / (12.438 / 12.438)
=1 / 1
=1

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 - (0 + 9.786) / 440.122) / (1 - (0 + 9.051) / 411.064)
=0.977765 / 0.977982
=0.9998

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
=12.438 / 9.929
=1.2527

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))
=(0.254 / (0.254 + 9.051)) / (0.282 / (0.282 + 9.786))
=0.027297 / 0.02801
=0.9745

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)
=(0.395 / 12.438) / (0.299 / 9.929)
=0.031758 / 0.030114
=1.0546

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)
=((17 + 0) / 440.122) / ((25 + 0) / 411.064)
=0.038626 / 0.060818
=0.6351

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
=(2.295 - 0 - 2.302) / 440.122
=-1.6E-5

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 Alliance Bank CA has a M-score of -2.15 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 -2.15 mean?
Pacific Alliance Bank CA (PFBN) has a Beneish M-Score of -2.15 as of Aug. 02, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pacific Alliance Bank CA and its competitors. According to the industry distribution chart, Pacific Alliance Bank CA ranks #1177 out of 1392 companies in the Banks industry, placing it in the top 84.6%.
Is Pacific Alliance Bank CA's Beneish M-Score too high?
Pacific Alliance Bank CA's current Beneish M-Score is -2.15. Based on the distribution chart, Pacific Alliance Bank CA ranks #1177 out of 1392 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Pacific Alliance Bank CA has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pacific Alliance Bank CA's Beneish M-Score compare to VWFB and ECLP?
According to the Banks industry distribution chart, Pacific Alliance Bank CA ranks #1177 out of 1392 companies for Beneish M-Score. This places Pacific Alliance Bank CA 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 Banks company?
A good Beneish M-Score depends on the Banks 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 Alliance Bank CA and its competitors. Pacific Alliance Bank CA's current Beneish M-Score is -2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Alliance Bank CA stock overvalued right now?
Based on GuruFocus' analysis, Pacific Alliance Bank CA (PFBN) is currently considered Fairly Valued. The stock's GF Value™ is $8.53, compared to a current price of $9.27 — trading 8.7% above its estimated fair value. The current Beneish M-Score is -2.15. Pacific Alliance Bank CA's overall GF Score™ is 53/100 with 1 warning sign 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 Alliance Bank CA (PFBN), the current Beneish M-Score is -2.15 as of Aug. 02, 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 Alliance Bank CA (PFBN) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific Alliance Bank CA stock appears to be overvalued. The current stock price of $9.27 is trading 8.7% above its estimated GF Value™ of $8.53. GuruFocus considers Pacific Alliance Bank CA to be Fairly Valued.

Key valuation signals for PFBN:

  • Beneish M-Score: -2.15
  • GF Value™: $8.53 vs. price of $9.27 (8.7% above fair value)
  • GF Score™: 53/100 with 1 warning sign

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

Pacific Alliance Bank CA Business Description

Address 641 West Las Tunas Drive, San Gabriel, CA, USA, 91776
Pacific Alliance Bank CA is a commercial bank, engaged in client relationships with businesses, client communities, related business owners, owner's families, and employees. The company delivers distinctive deposit, loan, and service products, based on client needs. It serves Rosemead, its surrounding communities, and Southern California in general. The bank has branches in San Gabriel, Rowland Heights, and Irvine.
53GF Score

Get the complete analysis for PFBN

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

$9.27
Price
$8.53
GF Value