PHOT (GrowLife) Beneish M-Score: 0.00 (As of Jun. 27, 2026)

What is GrowLife Beneish M-Score?

GrowLife PHOT 12 Beneish M-Score is 0.00 as of Jun. 27, 2026. GuruFocus rates PHOT with a GF Score™ of 12/100.

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 GrowLife's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of GrowLife was 0.00. The lowest was 0.00. And the median was 0.00.

GrowLife Beneish M-Score Related Terms

GrowLife Beneish M-Score Historical Data

* Premium members only.

The historical data trend for GrowLife'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.

GrowLife Beneish M-Score Chart

GrowLife Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Beneish M-Score

Get a 7-Day Free Trial

0.00

-4.97

4.91

0.00

GrowLife Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Beneish M-Score	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

PHOT vs MJHI, GWW, FERG: Beneish M-Score Comparison

For the Industrial Distribution subindustry, GrowLife'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.

GrowLife Beneish M-Score vs Industrial Distribution Industry

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

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

Save Embed

12GF Score

GrowLife Inc PHOT

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

View Full Analysis

GrowLife 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 GrowLife 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Jun23) TTM:

Last Year (Jun22) TTM:

Total Receivables was $0.00 Mil.
Revenue was 0.147 + 0.079 + -1.401 + 0.226 = $-0.95 Mil.
Gross Profit was 0.104 + 0.038 + -0.645 + 0.076 = $-0.43 Mil.
Total Current Assets was $0.04 Mil.
Total Assets was $0.20 Mil.
Property, Plant and Equipment(Net PPE) was $0.16 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.13 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $11.56 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -3.377 + -1.017 + -1.364 + -0.826 = $-6.58 Mil.
Non Operating Income was -1.014 + 0.221 + -0.496 + -0.017 = $-1.31 Mil.
Cash Flow from Operations was -0.306 + -0.428 + -0.005 + -0.262 = $-1.00 Mil.

Total Receivables was $0.06 Mil.
Revenue was 0 + 0 + -5.075 + 1.232 = $-3.84 Mil.
Gross Profit was 0 + 0 + -2.391 + 0.416 = $-1.98 Mil.
Total Current Assets was $1.67 Mil.
Total Assets was $3.28 Mil.
Property, Plant and Equipment(Net PPE) was $0.55 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.36 Mil.
Selling, General, & Admin. Expense(SGA) was $0.00 Mil.
Total Current Liabilities was $10.35 Mil.
Long-Term Debt & Capital Lease Obligation was $0.12 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)
	=	(0.002 / -0.949)	/	(0.059 / -3.843)
	=		/
	=

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)
	=	(-1.975 / -3.843)	/	(-0.427 / -0.949)
	=		/
	=

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 - (0.041 + 0.16) / 0.201)	/	(1 - (1.671 + 0.546) / 3.283)
	=	0	/	0.324703
	=

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
	=	-0.949	/	-3.843
	=

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))
	=	(0.355 / (0.355 + 0.546))	/	(0.13 / (0.13 + 0.16))
	=	0.394007	/	0.448276
	=

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 / -0.949)	/	(0 / -3.843)
	=		/
	=

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 + 11.559) / 0.201)	/	((0.116 + 10.352) / 3.283)
	=	57.507463	/	3.188547
	=

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
	=	(-6.584 - -1.306	-	-1.001)	/	0.201
	=	-21.278607

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?

GrowLife (PHOT) has a Beneish M-Score of 0.00 as of Jun. 27, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on GrowLife and its competitors.

Is GrowLife's Beneish M-Score too high?

GrowLife's current Beneish M-Score is 0.00. Overall, GrowLife has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does GrowLife's Beneish M-Score compare to MJHI and GWW?

GrowLife's Beneish M-Score of 0.00 can be compared against companies in the Industrial Distribution 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 an Industrial Distribution company?

A good Beneish M-Score depends on the Industrial Distribution 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 GrowLife and its competitors. GrowLife'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 GrowLife stock overvalued right now?

GrowLife (PHOT) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. GrowLife's overall GF Score™ is 12/100. 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 GrowLife (PHOT), the current Beneish M-Score is 0.00 as of Jun. 27, 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.

GrowLife Business Description

Industry Industrials Industrial Distribution

Comparable Companies MJHI GWW FERG FAST WSO POOL ASX:REH OSTO:INDT WCC XKRX:047050 CNM SITE TSX:TIH AIT WBO:ANDR LSE:DPLM OSTO:ADDT B MSM BECN LSE:RS1

Address 11335 North East 122nd Way, Suite 105, Kirkland, WA, USA, 98034

Website https://www.growlifeinc.com

GrowLife Inc. is a producer and supplier of gourmet fresh mushrooms, functional mushroom products, and mycological supplies.

12GF Score

Get the complete analysis for PHOT

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

$0.00

Price

View PHOT Analysis

See Beneish M-Score data for all stocks →