Bright Kindle Resources & Investments (PHS:BKR) Beneish M-Score: -4.88 (As of Jun. 26, 2026)

What is Bright Kindle Resources & Investments Beneish M-Score?

Bright Kindle Resources & Investments PHS:BKR -1.89% 21 Beneish M-Score is -4.88 as of Jun. 26, 2026. GuruFocus rates PHS:BKR with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 702 Capital Markets companies, Bright Kindle Resources & Investments ranks better than 95.01% 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.

Good Sign:

Beneish M-Score -4.88 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Bright Kindle Resources & Investments's Beneish M-Score or its related term are showing as below:

PHS:BKR' s Beneish M-Score Range Over the Past 10 Years
Min: -1563.19 Med: -2.25 Max: 0.23
Current: -4.88

During the past 13 years, the highest Beneish M-Score of Bright Kindle Resources & Investments was 0.23. The lowest was -1563.19. And the median was -2.25.

Bright Kindle Resources & Investments Beneish M-Score Related Terms

Bright Kindle Resources & Investments Beneish M-Score Historical Data

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The historical data trend for Bright Kindle Resources & Investments'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.

Bright Kindle Resources & Investments Beneish M-Score Chart

Bright Kindle Resources & Investments Annual Data

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Beneish M-Score

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Bright Kindle Resources & Investments 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	-4.88

PHS:BKR vs MS, GS, SCHW: Beneish M-Score Comparison

For the Capital Markets subindustry, Bright Kindle Resources & Investments'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.

Bright Kindle Resources & Investments Beneish M-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Kindle Resources & Investments's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Bright Kindle Resources & Investments's Beneish M-Score falls into.

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21GF Score

Bright Kindle Resources & Investments Inc PHS:BKR

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

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Bright Kindle Resources & Investments 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 Bright Kindle Resources & Investments 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 * 1.004

0.528 * 1

0.404 * 1.0094

0.892 * 0.2222

0.115 * 0.9019

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 11.8312

4.679 * 0.030205

0.327 * 0.9512

-4.88

This Year (Mar26) TTM:

Last Year (Mar25) TTM:

Total Receivables was ₱7.02 Mil.
Revenue was 0.002 + 0 + 0 + 0 = ₱0.00 Mil.
Gross Profit was 0.002 + 0 + 0 + 0 = ₱0.00 Mil.
Total Current Assets was ₱98.80 Mil.
Total Assets was ₱3,049.42 Mil.
Property, Plant and Equipment(Net PPE) was ₱0.37 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱1.37 Mil.
Selling, General, & Admin. Expense(SGA) was ₱23.04 Mil.
Total Current Liabilities was ₱1,671.70 Mil.
Long-Term Debt & Capital Lease Obligation was ₱0.00 Mil.
Net Income was -18.699 + -19.698 + 77.919 + 20.928 = ₱60.45 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₱0.00 Mil.
Cash Flow from Operations was -1.824 + -15.664 + -1.338 + -12.833 = ₱-31.66 Mil.

Total Receivables was ₱31.45 Mil.
Revenue was 0.009 + 0 + 0 + 0 = ₱0.01 Mil.
Gross Profit was 0.009 + 0 + 0 + 0 = ₱0.01 Mil.
Total Current Assets was ₱119.85 Mil.
Total Assets was ₱2,901.57 Mil.
Property, Plant and Equipment(Net PPE) was ₱0.55 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱1.36 Mil.
Selling, General, & Admin. Expense(SGA) was ₱8.76 Mil.
Total Current Liabilities was ₱1,672.29 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)
	=	(7.017 / 0.002)	/	(31.45 / 0.009)
	=	3508.5	/	3494.444444
	=	1.004

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)
	=	(0.009 / 0.009)	/	(0.002 / 0.002)
	=	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 - (98.795 + 0.365) / 3049.419)	/	(1 - (119.848 + 0.549) / 2901.567)
	=	0.967482	/	0.958506
	=	1.0094

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
	=	0.002	/	0.009
	=	0.2222

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))
	=	(1.357 / (1.357 + 0.549))	/	(1.368 / (1.368 + 0.365))
	=	0.711962	/	0.789383
	=	0.9019

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)
	=	(23.042 / 0.002)	/	(8.764 / 0.009)
	=	11521	/	973.777778
	=	11.8312

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 + 1671.697) / 3049.419)	/	((0 + 1672.292) / 2901.567)
	=	0.548202	/	0.576341
	=	0.9512

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
	=	(60.45 - 0	-	-31.659)	/	3049.419
	=	0.030205

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.

Bright Kindle Resources & Investments has a M-score of -4.88 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 -4.88 mean?

Bright Kindle Resources & Investments (PHS:BKR) has a Beneish M-Score of -4.88 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Bright Kindle Resources & Investments and its competitors. According to the industry distribution chart, Bright Kindle Resources & Investments ranks #35 out of 702 companies in the Capital Markets industry, placing it in the top 5%.

Is Bright Kindle Resources & Investments' Beneish M-Score too high?

Bright Kindle Resources & Investments' current Beneish M-Score is -4.88. Based on the distribution chart, Bright Kindle Resources & Investments ranks #35 out of 702 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bright Kindle Resources & Investments has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.

How does Bright Kindle Resources & Investments' Beneish M-Score compare to MS and GS?

According to the Capital Markets industry distribution chart, Bright Kindle Resources & Investments ranks #35 out of 702 companies for Beneish M-Score. This places Bright Kindle Resources & Investments in the top 5% of its industry — outperforming the majority of peers. 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 Capital Markets company?

A good Beneish M-Score depends on the Capital Markets 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 Bright Kindle Resources & Investments and its competitors. Bright Kindle Resources & Investments's current Beneish M-Score is -4.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Bright Kindle Resources & Investments stock overvalued right now?

Bright Kindle Resources & Investments (PHS:BKR) has a current Beneish M-Score of -4.88. The current Beneish M-Score is -4.88. Bright Kindle Resources & Investments' overall GF Score™ is 21/100 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 Bright Kindle Resources & Investments (PHS:BKR), the current Beneish M-Score is -4.88 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.

Bright Kindle Resources & Investments Business Description

Industry Financial Services Capital Markets

Comparable Companies PHS:FAF PHS:ABSP PHS:GMAP PHS:CTS PHS:V MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 IBKR SHSE:601211 CRCL TSE:8604 SHSE:601066 SHSE:601688 IREN

Address 8741 Paseo de Roxas, 16th Floor BDO Towers Valero, Paseo de Roxas, Makati City, PHL, 8741

Website https://www.brightkindle.com

Bright Kindle Resources & Investments Inc is engaged in the purchase, exchange, assignment, and holding of investments and any and all properties, including, but not limited to, bonds, debentures, promissory notes, shares of stock, or other securities.

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