Atlas Consolidated Mining & Development (PHS:AT) Beneish M-Score: 1.76 (As of Jun. 26, 2026)

What is Atlas Consolidated Mining & Development Beneish M-Score?

Atlas Consolidated Mining & Development PHS:AT +3.47% 47 Beneish M-Score is 1.76 as of Jun. 26, 2026. GuruFocus rates PHS:AT with a GF Score™ of 47/100 and a GF Value™ of ₱4.06 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 685 Metals & Mining companies, Atlas Consolidated Mining & Development ranks worse than 91.24% 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 1.76 higher than -1.78, which implies that the company might have manipulated its financial results.

The historical rank and industry rank for Atlas Consolidated Mining & Development's Beneish M-Score or its related term are showing as below:

PHS:AT' s Beneish M-Score Range Over the Past 10 Years
Min: -165.87 Med: -2.51 Max: 7.74
Current: 1.76

During the past 13 years, the highest Beneish M-Score of Atlas Consolidated Mining & Development was 7.74. The lowest was -165.87. And the median was -2.51.

Atlas Consolidated Mining & Development Beneish M-Score Related Terms

Atlas Consolidated Mining & Development Beneish M-Score Historical Data

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The historical data trend for Atlas Consolidated Mining & Development'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.

Atlas Consolidated Mining & Development Beneish M-Score Chart

Atlas Consolidated Mining & Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Beneish M-Score

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-3.68

0.36

0.21

-2.39

-1.26

Atlas Consolidated Mining & Development 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															6.25	-4.61	7.74	-1.26	1.76

PHS:AT vs SCCO, FCX: Beneish M-Score Comparison

For the Copper subindustry, Atlas Consolidated Mining & Development'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.

Atlas Consolidated Mining & Development Beneish M-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Atlas Consolidated Mining & Development's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Atlas Consolidated Mining & Development's Beneish M-Score falls into.

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47GF Score

Atlas Consolidated Mining & Development Corp PHS:AT

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

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Atlas Consolidated Mining & Development 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 Atlas Consolidated Mining & Development 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 * 6.4404

0.528 * 0.0506

0.404 * 0.9609

0.892 * 1.0194

0.115 * 0.8891

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.2386

4.679 * -0.051278

0.327 * 0.9285

1.76

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₱1,601 Mil.
Revenue was 4729.125 + 3892.001 + 5150.096 + 3995.759 = ₱17,767 Mil.
Gross Profit was 1392.549 + 612.957 + 1349.686 + 175.085 = ₱3,530 Mil.
Total Current Assets was ₱8,423 Mil.
Total Assets was ₱70,144 Mil.
Property, Plant and Equipment(Net PPE) was ₱32,669 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱6,238 Mil.
Selling, General, & Admin. Expense(SGA) was ₱366 Mil.
Total Current Liabilities was ₱19,492 Mil.
Long-Term Debt & Capital Lease Obligation was ₱-8 Mil.
Net Income was 644.904 + -466.546 + 871.505 + -249.555 = ₱800 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₱0 Mil.
Cash Flow from Operations was 472.594 + 2726.693 + 817.021 + 380.866 = ₱4,397 Mil.

Total Receivables was ₱244 Mil.
Revenue was 4154.492 + 3261.643 + 3147.332 + 6865.316 = ₱17,429 Mil.
Gross Profit was 1.426 + -951.274 + -1205.043 + 2330.09 = ₱175 Mil.
Total Current Assets was ₱6,073 Mil.
Total Assets was ₱68,692 Mil.
Property, Plant and Equipment(Net PPE) was ₱33,010 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱5,487 Mil.
Selling, General, & Admin. Expense(SGA) was ₱290 Mil.
Total Current Liabilities was ₱4,837 Mil.
Long-Term Debt & Capital Lease Obligation was ₱15,713 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)
	=	(1600.59 / 17766.981)	/	(243.789 / 17428.783)
	=	0.090088	/	0.013988
	=	6.4404

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)
	=	(175.199 / 17428.783)	/	(3530.277 / 17766.981)
	=	0.010052	/	0.198699
	=	0.0506

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 - (8422.506 + 32668.721) / 70144.179)	/	(1 - (6073.499 + 33009.616) / 68692.14)
	=	0.414189	/	0.431039
	=	0.9609

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
	=	17766.981	/	17428.783
	=	1.0194

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))
	=	(5487.496 / (5487.496 + 33009.616))	/	(6237.603 / (6237.603 + 32668.721))
	=	0.142543	/	0.160324
	=	0.8891

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)
	=	(365.943 / 17766.981)	/	(289.82 / 17428.783)
	=	0.020597	/	0.016629
	=	1.2386

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)
	=	((-7.702 + 19492.196) / 70144.179)	/	((15712.751 + 4837.211) / 68692.14)
	=	0.277778	/	0.29916
	=	0.9285

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
	=	(800.308 - 0	-	4397.174)	/	70144.179
	=	-0.051278

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.

Atlas Consolidated Mining & Development has a M-score of 1.76 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 1.76 mean?

Atlas Consolidated Mining & Development (PHS:AT) has a Beneish M-Score of 1.76 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Atlas Consolidated Mining & Development and its competitors. According to the industry distribution chart, Atlas Consolidated Mining & Development ranks #625 out of 685 companies in the Metals & Mining industry, placing it in the top 91.2%.

Is Atlas Consolidated Mining & Development's Beneish M-Score too high?

Atlas Consolidated Mining & Development's current Beneish M-Score is 1.76. Based on the distribution chart, Atlas Consolidated Mining & Development ranks #625 out of 685 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Atlas Consolidated Mining & Development has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Atlas Consolidated Mining & Development's Beneish M-Score compare to SCCO and FCX?

According to the Metals & Mining industry distribution chart, Atlas Consolidated Mining & Development ranks #625 out of 685 companies for Beneish M-Score. This places Atlas Consolidated Mining & Development 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 Metals & Mining company?

A good Beneish M-Score depends on the Metals & Mining 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 Atlas Consolidated Mining & Development and its competitors. Atlas Consolidated Mining & Development's current Beneish M-Score is 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Atlas Consolidated Mining & Development stock overvalued right now?

Based on GuruFocus' analysis, Atlas Consolidated Mining & Development (PHS:AT) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱4.06, compared to a current price of ₱7.45 — trading 83.5% above its estimated fair value. The current Beneish M-Score is 1.76. Atlas Consolidated Mining & Development's overall GF Score™ is 47/100 with 5 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 Atlas Consolidated Mining & Development (PHS:AT), the current Beneish M-Score is 1.76 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 Atlas Consolidated Mining & Development (PHS:AT) Overvalued in 2026?

Based on GuruFocus' analysis, Atlas Consolidated Mining & Development stock appears to be overvalued. The current stock price of ₱7.45 is trading 83.5% above its estimated GF Value™ of ₱4.06. GuruFocus considers Atlas Consolidated Mining & Development to be Significantly Overvalued.

Key valuation signals for PHS:AT:

Beneish M-Score: 1.76
GF Value™: ₱4.06 vs. price of ₱7.45 (83.5% above fair value)
GF Score™: 47/100 with 5 warning signs

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

Atlas Consolidated Mining & Development Business Description

Industry Basic Materials Metals & Mining

Comparable Companies PHS:LC PHS:FNI PHS:PX PHS:CPM PHS:AB PHS:BC PHS:APO PHS:MA PHS:UPM PHS:MARC SCCO FCX LSE:ANTO TSX:LUN TSX:FM LIM:CVERDEC1 SHSE:600362 WAR:KGH SZSE:000630 HKSE:01208

Address Palm Coast Avenue Corner Pacific Drive, 5th Floor, Five E-Com Center, 503, Pacific tower, Mall of Asia Complex, Metro Manila, Pasay, RIZ, PHL, 1300

Website https://www.atlasmining.com.ph

Atlas Consolidated Mining & Development Corp is engaged in metallic mineral mining and exploration and produces copper concentrate, magnetite iron ore concentrate, and others. The company operates in two segments: Mining and Non-Mining. Its mining segment is engaged in exploration and mining operations, and the non-mining segment is engaged in services, bulk water supply, or acts as a holding company. The company is also engaged in the development and commercial production of other marketable by-products such as pyrite, magnetite, and molybdenum.

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₱7.45

Price

₱4.06

GF Value

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