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 -0.12 higher than -1.78, which implies that the company might have manipulated its financial results.
The historical rank and industry rank for DoubleDragon's Beneish M-Score or its related term are showing as below:
PHS:DD'
s Beneish M-Score Range Over the Past 10 Years
Min: -2.65 Med: -1.86 Max: -0.12
Current: -0.12
During the past 13 years, the highest Beneish M-Score of DoubleDragon was -0.12. The lowest was -2.65. And the median was -1.86.
DoubleDragon Beneish M-Score Related Terms
DoubleDragon Beneish M-Score Historical Data
* Premium members only.
The historical data trend for DoubleDragon'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.
For the Real Estate Services subindustry, DoubleDragon'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.
DoubleDragon Beneish M-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, DoubleDragon's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where DoubleDragon's Beneish M-Score falls into.
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 DoubleDragon 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 * 0.7098
+
0.528 * 2.5357
+
0.404 * 0.9336
+
0.892 * 2.6789
+
0.115 * 1.0242
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.5794
+
4.679 * 0.05837
-
0.327 * 1.0214
=
-0.12
* 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.
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.
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))
=
(131.676 / (131.676 + 1346.063))
/
(260.981 / (260.981 + 2738.902))
=
0.089106
/
0.086997
=
1.0242
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
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
=
(-803.529 - 0
-
-14401.096)
/
232956.576
=
0.05837
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.
DoubleDragon has a M-score of -0.12 signals that the company is likely to be a manipulator.
DoubleDragon (PHS:DD) has a Beneish M-Score of -0.12 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on DoubleDragon and its competitors. According to the industry distribution chart, DoubleDragon ranks #1512 out of 1682 companies in the Real Estate industry, placing it in the top 89.9%.
Is DoubleDragon's Beneish M-Score too high?
DoubleDragon's current Beneish M-Score is -0.12. Based on the distribution chart, DoubleDragon ranks #1512 out of 1682 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, DoubleDragon has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DoubleDragon's Beneish M-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, DoubleDragon ranks #1512 out of 1682 companies for Beneish M-Score. This places DoubleDragon 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 Real Estate company?
A good Beneish M-Score depends on the Real Estate 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 DoubleDragon and its competitors. DoubleDragon's current Beneish M-Score is -0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DoubleDragon stock overvalued right now?
Based on GuruFocus' analysis, DoubleDragon (PHS:DD) is currently considered Possible Value Trap. The stock's GF Value™ is ₱26.99, compared to a current price of ₱11.40 — trading 57.8% below its estimated fair value. The current Beneish M-Score is -0.12. DoubleDragon's overall GF Score™ is 56/100 with 8 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 DoubleDragon (PHS:DD), the current Beneish M-Score is -0.12 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.
Is DoubleDragon (PHS:DD) Overvalued in 2026?
Based on GuruFocus' analysis, DoubleDragon stock appears to be undervalued.
The current stock price of ₱11.40 is trading 57.8% below its estimated GF Value™ of ₱26.99.
GuruFocus considers DoubleDragon to be Possible Value Trap.
Key valuation signals for PHS:DD:
Beneish M-Score: -0.12
GF Value™: ₱26.99 vs. price of ₱11.40 (57.8% below fair value)
No single metric tells the full story. See the PHS:DD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressMacapagal Avenue and EDSA Extension Boulevard, 10th floor, Tower 1, DoubleDragon Plaza, DD Meridian Park Bay Area corner, Barangay 76 Zone 10 San Rafael, Pasay, PHL, 1302
DoubleDragon Corp is engaged in the ownership and operation of a portfolio of leasable properties in four business segments: retail leasing, office leasing, hospitality and industrial leasing. It is engaged in the business of real estate development including but not limited to residential and condominium projects, to acquire by purchase or lease land and interest in land, to own, hold, impose, promote, develop, subdivide and manage any land owned, held or occupied by the Parent Company, to construct, manage or administer buildings such as condominiums, apartments, hotels, restaurants, stores or other structures and to mortgage, sell, lease or otherwise dispose of land, interests in land and buildings or other structures at any time.
56GF Score
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