Apc Group (PHS:APC) Beneish M-Score: 0.00 (As of Jun. 26, 2026)

What is Apc Group Beneish M-Score?

Apc Group PHS:APC +6.54% 19 Beneish M-Score is 0.00 as of Jun. 26, 2026. GuruFocus rates PHS:APC with a GF Score™ of 19/100. Among 822 Oil & Gas companies, Apc Group ranks worse than 121654.38% 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 Apc Group's Beneish M-Score or its related term are showing as below:

During the past 13 years, the highest Beneish M-Score of Apc Group was 129.38. The lowest was -5.36. And the median was -1.45.

Apc Group Beneish M-Score Related Terms

Apc Group Beneish M-Score Historical Data

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The historical data trend for Apc Group'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.

Apc Group Beneish M-Score Chart

Apc Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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5.65

0.00

Apc Group 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															0.00	0.00	0.00	0.00	0.00

PHS:APC vs COP, EOG, OXY: Beneish M-Score Comparison

For the Oil & Gas E&P subindustry, Apc Group'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.

Apc Group Beneish M-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Apc Group's Beneish M-Score distribution charts can be found below:

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

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19GF Score

Apc Group Inc PHS:APC

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

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Apc Group 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 Apc Group 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 (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₱0.20 Mil.
Revenue was 0 + 0 + 0 + 0 = ₱0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₱0.00 Mil.
Total Current Assets was ₱16.50 Mil.
Total Assets was ₱252.77 Mil.
Property, Plant and Equipment(Net PPE) was ₱0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₱3.38 Mil.
Total Current Liabilities was ₱107.70 Mil.
Long-Term Debt & Capital Lease Obligation was ₱0.00 Mil.
Net Income was -1.117 + -3.206 + -0.581 + -0.918 = ₱-5.82 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₱0.00 Mil.
Cash Flow from Operations was -1.431 + -1.249 + -0.578 + -0.21 = ₱-3.47 Mil.

Total Receivables was ₱1.19 Mil.
Revenue was 0 + 0 + 0 + 0 = ₱0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = ₱0.00 Mil.
Total Current Assets was ₱20.98 Mil.
Total Assets was ₱258.67 Mil.
Property, Plant and Equipment(Net PPE) was ₱0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱0.00 Mil.
Selling, General, & Admin. Expense(SGA) was ₱3.07 Mil.
Total Current Liabilities was ₱107.68 Mil.
Long-Term Debt & Capital Lease Obligation was ₱0.00 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)
	=	(0.201 / 0)	/	(1.193 / 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 / 0)	/	(0 / 0)
	=		/
	=

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 - (16.497 + 0) / 252.765)	/	(1 - (20.977 + 0) / 258.666)
	=	0.934734	/	0.918903
	=

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	/	0
	=

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))	/	(0 / (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)
	=	(3.384 / 0)	/	(3.073 / 0)
	=		/
	=

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 + 107.703) / 252.765)	/	((0 + 107.681) / 258.666)
	=	0.426099	/	0.416294
	=

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
	=	(-5.822 - 0	-	-3.468)	/	252.765
	=	-0.009313

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?

Apc Group (PHS:APC) has a Beneish M-Score of 0.00 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Apc Group and its competitors. According to the industry distribution chart, Apc Group ranks #999999 out of 822 companies in the Oil & Gas industry.

Is Apc Group's Beneish M-Score too high?

Apc Group's current Beneish M-Score is 0.00. Based on the distribution chart, Apc Group ranks #999999 out of 822 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Apc Group has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.

How does Apc Group's Beneish M-Score compare to COP and EOG?

According to the Oil & Gas industry distribution chart, Apc Group ranks #999999 out of 822 companies for Beneish M-Score. This places Apc Group 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 an Oil & Gas company?

A good Beneish M-Score depends on the Oil & Gas 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 Apc Group and its competitors. Apc Group'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 Apc Group stock overvalued right now?

Apc Group (PHS:APC) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Apc Group's overall GF Score™ is 19/100. 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 Apc Group (PHS:APC), the current Beneish M-Score is 0.00 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.

Apc Group Business Description

Industry Energy Oil & Gas

Comparable Companies PHS:ENEX PHS:SPM PHS:BSC PHS:OV PHS:ECVC PHS:OPMB HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL TSE:1605 OSL:AKRBP EXE ASX:STO

Address General E. Jacinto Street corner Capas Street, Ground Floor, MyTown New York Building, Barangay, Guadalupe Nuevo, Makati, PHL, 1212

Website https://www.apcaragorn.net

Apc Group Inc operates as a holding company, which is engaged in the geothermal and renewable energy, exploration and development of oil and gas in the Philippines. The company continues it's surface exploration activities in the Pasil-Caigutan section within its KGP contract area. Operations of the group include, Kalinga Geothermal Project, APC Energy Resources Inc, APC Mining Corporation, APC Cement Corporation (pre-operating stage) and PRC-Magma Energy Resources, Inc.

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