Solid GroupPHS:SGI 95 Beneish M-Score is -2.37 as of Jun. 26, 2026. GuruFocus rates PHS:SGI with a GF Score™ of 95/100 and a GF Value™ of ₱1.46 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,403 Hardware companies, Solid Group ranks worse than 57.8% 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 -2.37 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Solid Group's Beneish M-Score or its related term are showing as below:
PHS:SGI'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.49 Med: -2.09 Max: 3.01
Current: -2.37
During the past 13 years, the highest Beneish M-Score of Solid Group was 3.01. The lowest was -3.49. And the median was -2.09.
Solid Group Beneish M-Score Related Terms
Solid Group Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Solid 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.
For the Consumer Electronics subindustry, Solid 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.
Solid Group Beneish M-Score vs Hardware Industry
For the Hardware industry and Technology sector, Solid Group's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Solid Group'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 Solid Group 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 * 0.954
+
0.528 * 0.9251
+
0.404 * 1.0404
+
0.892 * 1.133
+
0.115 * 1.0892
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 0.9935
+
4.679 * 0.002433
-
0.327 * 0.8945
=
-2.37
* 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))
=
(112.488 / (112.488 + 1609.869))
/
(100.042 / (100.042 + 1568.372))
=
0.065311
/
0.059962
=
1.0892
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
=
(708.205 - 0
-
669.751)
/
15802.469
=
0.002433
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.
Solid Group has a M-score of -2.37 suggests that the company is unlikely to be a manipulator.
Solid Group (PHS:SGI) has a Beneish M-Score of -2.37 as of Jun. 26, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Solid Group and its competitors. According to the industry distribution chart, Solid Group ranks #1389 out of 2403 companies in the Hardware industry, placing it in the top 57.8%.
Is Solid Group's Beneish M-Score too high?
Solid Group's current Beneish M-Score is -2.37. Based on the distribution chart, Solid Group ranks #1389 out of 2403 companies in the Hardware industry, which is below the industry midpoint. Overall, Solid Group has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Solid Group's Beneish M-Score compare to AAPL?
According to the Hardware industry distribution chart, Solid Group ranks #1389 out of 2403 companies for Beneish M-Score. This places Solid 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 a Hardware company?
A good Beneish M-Score depends on the Hardware 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 Solid Group and its competitors. Solid Group's current Beneish M-Score is -2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solid Group stock overvalued right now?
Based on GuruFocus' analysis, Solid Group (PHS:SGI) is currently considered Fairly Valued. The stock's GF Value™ is ₱1.46, compared to a current price of ₱1.41 — trading 3.4% below its estimated fair value. The current Beneish M-Score is -2.37. Solid Group's overall GF Score™ is 95/100 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 Solid Group (PHS:SGI), the current Beneish M-Score is -2.37 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 Solid Group (PHS:SGI) Overvalued in 2026?
Based on GuruFocus' analysis, Solid Group stock appears to be undervalued.
The current stock price of ₱1.41 is trading 3.4% below its estimated GF Value™ of ₱1.46.
GuruFocus considers Solid Group to be Fairly Valued.
Key valuation signals for PHS:SGI:
Beneish M-Score: -2.37
GF Value™: ₱1.46 vs. price of ₱1.41 (3.4% below fair value)
No single metric tells the full story. See the PHS:SGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solid Group Inc operates as an investment holding company. It has four segments Distribution/Retail is involved in the sale of mobile phones and devices, home appliances and other electronic products, professional audio and video equipment, and prefabricated modular houses; Property and related services are involved in the leasing, development and sale of industrial and other real estate properties and hotel and related businesses; Logistics and technical solutions are presently engaged in the business of warehousing, distribution, and electronic servicing; and, Investment and others include investment holding companies, and those included in the business of financing and credit extension of which majority of revenue comes from Distribution/Retail segment.
95GF Score
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