PHCI (Panamera Holdings) Beneish M-Score: 0.00 (As of Jun. 25, 2026)


PHCI Panamera Holdings Corp PHCI
10 GF Score
Price $2.50
! 3 Warning Signs
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What is Panamera Holdings Beneish M-Score?

Panamera Holdings PHCI 10 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates PHCI with a GF Score™ of 10/100. The stock has 3 warning signs investors should review. Among 389 Building Materials companies, Panamera Holdings ranks worse than 257069.15% 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.

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

During the past 11 years, the highest Beneish M-Score of Panamera Holdings was -5737.70. The lowest was -5737.70. And the median was -5737.70.

Panamera Holdings Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Panamera Holdings'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.

Panamera Holdings Beneish M-Score Chart

Panamera Holdings Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Panamera Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -5,737.70 0.00

PHCI vs SMID, RETO, BASA: Beneish M-Score Comparison

For the Building Materials subindustry, Panamera Holdings'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.

Panamera Holdings Beneish M-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Panamera Holdings's Beneish M-Score distribution charts can be found below:

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


PHCI
10GF Score
Panamera Holdings Corp PHCI
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Panamera Holdings 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 Panamera Holdings 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 * +0.528 * +0.404 * +0.892 * +0.115 *
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * +4.679 * -0.327 *
=

* 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 (Apr26) TTM:Last Year (Apr25) TTM:
Total Receivables was $0.06 Mil.
Revenue was 0 + 0.14 + 0 + 0.049 = $0.19 Mil.
Gross Profit was 0 + 0.085 + 0 + 0.008 = $0.09 Mil.
Total Current Assets was $0.06 Mil.
Total Assets was $0.10 Mil.
Property, Plant and Equipment(Net PPE) was $0.03 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.70 Mil.
Total Current Liabilities was $4.34 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -0.117 + -0.127 + -153.664 + -0.23 = $-154.14 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was -0.045 + -0.023 + -0.218 + -0.307 = $-0.59 Mil.
 Total Receivables was $0.00 Mil.
Revenue was 0.11 + 0.039 + 0.044 + 0.02 = $0.21 Mil.
Gross Profit was 0.01 + 0.018 + 0.025 + 0.008 = $0.06 Mil.
Total Current Assets was $0.20 Mil.
Total Assets was $0.27 Mil.
Property, Plant and Equipment(Net PPE) was $0.08 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $0.45 Mil.
Total Current Liabilities was $0.23 Mil.
Long-Term Debt & Capital Lease Obligation was $0.04 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)
=(0.057 / 0.189) / (0 / 0.213)
=0.301587 / 0
=

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)
=(0.061 / 0.213) / (0.093 / 0.189)
=0.286385 / 0.492063
=

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 - (0.062 + 0.033) / 0.095) / (1 - (0.195 + 0.075) / 0.27)
=0 / 0
=

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
=0.189 / 0.213
=

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 / (0 + 0.075)) / (0 / (0 + 0.033))
=0 / 0
=

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)
=(0.699 / 0.189) / (0.446 / 0.213)
=3.698413 / 2.093897
=

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)
=((0 + 4.342) / 0.095) / ((0.035 + 0.23) / 0.27)
=45.705263 / 0.981481
=

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
=(-154.138 - 0 - -0.593) / 0.095
=-1616.263158

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.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of 0.00 mean?
Panamera Holdings (PHCI) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Panamera Holdings and its competitors. According to the industry distribution chart, Panamera Holdings ranks #999999 out of 389 companies in the Building Materials industry.
Is Panamera Holdings' Beneish M-Score too high?
Panamera Holdings' current Beneish M-Score is 0.00. Based on the distribution chart, Panamera Holdings ranks #999999 out of 389 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Panamera Holdings has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Panamera Holdings' Beneish M-Score compare to SMID and RETO?
According to the Building Materials industry distribution chart, Panamera Holdings ranks #999999 out of 389 companies for Beneish M-Score. This places Panamera Holdings 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 Building Materials company?
A good Beneish M-Score depends on the Building Materials 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 Panamera Holdings and its competitors. Panamera Holdings's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panamera Holdings stock overvalued right now?
Panamera Holdings (PHCI) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Panamera Holdings' overall GF Score™ is 10/100 with 3 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 Panamera Holdings (PHCI), the current Beneish M-Score is 0.00 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.

Panamera Holdings Business Description

Address 2000 West Loop South, Suite 1820, Houston, TX, USA, 77056
Panamera Holdings Corp is a development stage company seeking new business opportunities with established operating business entities to merge with or to acquire with primary emphasis in the environmental services industry, and emerging technologies led by innovation with integration. It is actively investing in, acquiring, or partnering with the following sectors: Metals Recycling and Waste, Environmental Services, and Enabling Technology.
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