EasyCall Communications Philippines (PHS:ECP) Beneish M-Score: -2.78 (As of Jun. 26, 2026)


PHS:ECP EasyCall Communications Philippines Inc PHS:ECP
61 GF Score
Price ₱2.55
GF Value ₱2.86
Valuation Modestly Undervalued
! 5 Warning Signs
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What is EasyCall Communications Philippines Beneish M-Score?

EasyCall Communications Philippines PHS:ECP 61 Beneish M-Score is -2.78 as of Jun. 26, 2026. GuruFocus rates PHS:ECP with a GF Score™ of 61/100 and a GF Value™ of ₱2.86 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,634 Software companies, EasyCall Communications Philippines ranks better than 66.51% 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 -2.78 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for EasyCall Communications Philippines's Beneish M-Score or its related term are showing as below:

PHS:ECP' s Beneish M-Score Range Over the Past 10 Years
Min: -4.24   Med: -2.22   Max: 2.23
Current: -2.78

During the past 13 years, the highest Beneish M-Score of EasyCall Communications Philippines was 2.23. The lowest was -4.24. And the median was -2.22.

EasyCall Communications Philippines Beneish M-Score Historical Data

* Premium members only.

The historical data trend for EasyCall Communications Philippines'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.

EasyCall Communications Philippines Beneish M-Score Chart

EasyCall Communications Philippines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.98 1.53 -3.36 -2.64 -2.89

EasyCall Communications Philippines 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.80 -2.93 -2.60 -2.89 -2.78

PHS:ECP vs IBM, ACN, FISV: Beneish M-Score Comparison

For the Information Technology Services subindustry, EasyCall Communications Philippines'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.

EasyCall Communications Philippines Beneish M-Score vs Software Industry

For the Software industry and Technology sector, EasyCall Communications Philippines's Beneish M-Score distribution charts can be found below:

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


PHS:ECP
61GF Score
EasyCall Communications Philippines Inc PHS:ECP
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EasyCall Communications Philippines 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 EasyCall Communications Philippines 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 * 1.0299+0.528 * 1.0634+0.404 * 0.9475+0.892 * 0.9877+0.115 * 1.7801
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0.977+4.679 * -0.095028-0.327 * 0.9459
=-2.78

* 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.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was ₱250.4 Mil.
Revenue was 103.49 + 110.414 + 111.433 + 132.643 = ₱458.0 Mil.
Gross Profit was 19.047 + 19.527 + 20.914 + 25.606 = ₱85.1 Mil.
Total Current Assets was ₱316.6 Mil.
Total Assets was ₱532.5 Mil.
Property, Plant and Equipment(Net PPE) was ₱66.3 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱17.6 Mil.
Selling, General, & Admin. Expense(SGA) was ₱38.9 Mil.
Total Current Liabilities was ₱211.1 Mil.
Long-Term Debt & Capital Lease Obligation was ₱29.1 Mil.
Net Income was -0.396 + -18.647 + -2.801 + 3.448 = ₱-18.4 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = ₱0.0 Mil.
Cash Flow from Operations was -12.565 + 3.811 + 1.689 + 39.273 = ₱32.2 Mil.
 Total Receivables was ₱246.1 Mil.
Revenue was 114.727 + 105.314 + 111.077 + 132.568 = ₱463.7 Mil.
Gross Profit was 20.646 + 24.184 + 22.56 + 24.229 = ₱91.6 Mil.
Total Current Assets was ₱343.6 Mil.
Total Assets was ₱593.0 Mil.
Property, Plant and Equipment(Net PPE) was ₱73.5 Mil.
Depreciation, Depletion and Amortization(DDA) was ₱43.7 Mil.
Selling, General, & Admin. Expense(SGA) was ₱40.3 Mil.
Total Current Liabilities was ₱237.9 Mil.
Long-Term Debt & Capital Lease Obligation was ₱44.9 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)
=(250.364 / 457.98) / (246.129 / 463.686)
=0.54667 / 0.53081
=1.0299

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)
=(91.619 / 463.686) / (85.094 / 457.98)
=0.197588 / 0.185803
=1.0634

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 - (316.575 + 66.289) / 532.519) / (1 - (343.62 + 73.517) / 593.033)
=0.281032 / 0.296604
=0.9475

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
=457.98 / 463.686
=0.9877

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))
=(43.702 / (43.702 + 73.517)) / (17.562 / (17.562 + 66.289))
=0.372824 / 0.209443
=1.7801

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)
=(38.881 / 457.98) / (40.291 / 463.686)
=0.084897 / 0.086893
=0.977

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)
=((29.121 + 211.135) / 532.519) / ((44.914 + 237.934) / 593.033)
=0.451169 / 0.476952
=0.9459

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
=(-18.396 - 0 - 32.208) / 532.519
=-0.095028

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.

EasyCall Communications Philippines has a M-score of -2.78 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 -2.78 mean?
EasyCall Communications Philippines (PHS:ECP) has a Beneish M-Score of -2.78 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on EasyCall Communications Philippines and its competitors. According to the industry distribution chart, EasyCall Communications Philippines ranks #882 out of 2634 companies in the Software industry, placing it in the top 33.5%.
Is EasyCall Communications Philippines' Beneish M-Score too high?
EasyCall Communications Philippines' current Beneish M-Score is -2.78. Based on the distribution chart, EasyCall Communications Philippines ranks #882 out of 2634 companies in the Software industry, which is above the industry midpoint. Overall, EasyCall Communications Philippines has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EasyCall Communications Philippines' Beneish M-Score compare to IBM and ACN?
According to the Software industry distribution chart, EasyCall Communications Philippines ranks #882 out of 2634 companies for Beneish M-Score. This puts EasyCall Communications Philippines in the upper 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 Software company?
A good Beneish M-Score depends on the Software 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 EasyCall Communications Philippines and its competitors. EasyCall Communications Philippines's current Beneish M-Score is -2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EasyCall Communications Philippines stock overvalued right now?
Based on GuruFocus' analysis, EasyCall Communications Philippines (PHS:ECP) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱2.86, compared to a current price of ₱2.55 — trading 10.8% below its estimated fair value. The current Beneish M-Score is -2.78. EasyCall Communications Philippines' overall GF Score™ is 61/100 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 EasyCall Communications Philippines (PHS:ECP), the current Beneish M-Score is -2.78 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 EasyCall Communications Philippines (PHS:ECP) Overvalued in 2026?

Based on GuruFocus' analysis, EasyCall Communications Philippines stock appears to be undervalued. The current stock price of ₱2.55 is trading 10.8% below its estimated GF Value™ of ₱2.86. GuruFocus considers EasyCall Communications Philippines to be Modestly Undervalued.

Key valuation signals for PHS:ECP:

  • Beneish M-Score: -2.78
  • GF Value™: ₱2.86 vs. price of ₱2.55 (10.8% below fair value)
  • GF Score™: 61/100 with 5 warning signs

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

EasyCall Communications Philippines Business Description

Address Km. 12 East Service Road corner C-5, TDG in.hub Building, AFPRSBS Industrial Park, Western Bicutan, Taguig City, PHL, 1630
EasyCall Communications Philippines Inc is engaged in information technology-related businesses, providing Data Analytics, Data Protection & Cybersecurity, Data Connectivity via VSAT, and Cloud-Based Solutions. The Group provides Corporate DSL Resellership, Direct Internet Service, Data Connectivity, Managed Services through VSAT, Technology and Data Services, and Technology, Travel and Lifestyle Services through its investment in TVI. It serves industries including Ship Management, Travel, Banking, Contact Center Operations, Agriculture, and Energy & Power. Its segments are IT services, Rental, and Training services, with the IT services segment generating maximum revenue and comprising managed connectivity and services and technology and data services.
61GF Score

Get the complete analysis for PHS:ECP

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

₱2.55
Price
₱2.86
GF Value