PHYTF (Pyrophyte Acquisition) Beneish M-Score: 0.00 (As of Jun. 25, 2026)

What is Pyrophyte Acquisition Beneish M-Score?

Pyrophyte Acquisition PHYTF 36 Beneish M-Score is 0.00 as of Jun. 25, 2026. GuruFocus rates PHYTF with a GF Score™ of 36/100. The stock has 5 warning signs investors should review. Among 86 Diversified Financial Services companies, Pyrophyte Acquisition ranks worse than 1162789.53% 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.

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

During the past 4 years, the highest Beneish M-Score of Pyrophyte Acquisition was 0.00. The lowest was 0.00. And the median was 0.00.

Pyrophyte Acquisition Beneish M-Score Related Terms

Pyrophyte Acquisition Beneish M-Score Historical Data

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The historical data trend for Pyrophyte Acquisition'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.

Pyrophyte Acquisition Beneish M-Score Chart

Pyrophyte Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Beneish M-Score

0.00

Pyrophyte Acquisition Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Jun25	Sep25
Beneish M-Score	Get a 7-Day Free Trial													0.00	0.00	0.00	0.00	0.00

PHYTF vs FVN, APAC, PLMJF: Beneish M-Score Comparison

For the Shell Companies subindustry, Pyrophyte Acquisition'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.

Pyrophyte Acquisition Beneish M-Score vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Pyrophyte Acquisition's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Pyrophyte Acquisition's Beneish M-Score falls into.

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36GF Score

Pyrophyte Acquisition Corp PHYTF

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

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Pyrophyte Acquisition 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 Pyrophyte Acquisition 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 *

0.528 *

0.404 *

0.892 *

0.115 *

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 *

4.679 *

0.327 *

This Year (Sep25) TTM:

Last Year (Jun24) TTM:

Total Receivables was $0.15 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.24 Mil.
Total Assets was $18.89 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $1.11 Mil.
Total Current Liabilities was $7.19 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Net Income was -6.15 + -5.031 + 1.215 + 0.299 = $-9.67 Mil.
Non Operating Income was -6.039 + -4.758 + 1.663 + 0.574 = $-8.56 Mil.
Cash Flow from Operations was -0.011 + 0 + -0.166 + -0.095 = $-0.27 Mil.

Total Receivables was $0.09 Mil.
Revenue was 0 + 0 + 0 + 0 = $0.00 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.00 Mil.
Total Current Assets was $0.21 Mil.
Total Assets was $72.29 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.00 Mil.
Selling, General, & Admin. Expense(SGA) was $3.47 Mil.
Total Current Liabilities was $4.46 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)
	=	(0.151 / 0)	/	(0.09 / 0)
	=		/
	=

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 / 0)	/	(0 / 0)
	=		/
	=

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 - (0.239 + 0) / 18.894)	/	(1 - (0.208 + 0) / 72.292)
	=	0.98735	/	0.997123
	=

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	/	0
	=

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))
	=	(0 / (0 + 0))	/	(0 / (0 + 0))
	=		/
	=

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)
	=	(1.106 / 0)	/	(3.474 / 0)
	=		/
	=

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 + 7.193) / 18.894)	/	((0 + 4.456) / 72.292)
	=	0.380703	/	0.061639
	=

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
	=	(-9.667 - -8.56	-	-0.272)	/	18.894
	=	-0.044194

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.

Frequently Asked Questions Learn more about Beneish M-Score →

What does a Beneish M-Score of 0.00 mean?

Pyrophyte Acquisition (PHYTF) has a Beneish M-Score of 0.00 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Pyrophyte Acquisition and its competitors. According to the industry distribution chart, Pyrophyte Acquisition ranks #999999 out of 86 companies in the Diversified Financial Services industry.

Is Pyrophyte Acquisition's Beneish M-Score too high?

Pyrophyte Acquisition's current Beneish M-Score is 0.00. Based on the distribution chart, Pyrophyte Acquisition ranks #999999 out of 86 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, Pyrophyte Acquisition has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.

How does Pyrophyte Acquisition's Beneish M-Score compare to FVN and APAC?

According to the Diversified Financial Services industry distribution chart, Pyrophyte Acquisition ranks #999999 out of 86 companies for Beneish M-Score. This places Pyrophyte Acquisition 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 Diversified Financial Services company?

A good Beneish M-Score depends on the Diversified Financial Services 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 Pyrophyte Acquisition and its competitors. Pyrophyte Acquisition's current Beneish M-Score is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Pyrophyte Acquisition stock overvalued right now?

Pyrophyte Acquisition (PHYTF) has a current Beneish M-Score of 0.00. The current Beneish M-Score is 0.00. Pyrophyte Acquisition's overall GF Score™ is 36/100 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 Pyrophyte Acquisition (PHYTF), the current Beneish M-Score is 0.00 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.

Pyrophyte Acquisition Business Description

Industry Financial Services Diversified Financial Services

Comparable Companies FVN APAC PLMJF WSTN CFSU JATT ALIS SSEA VMCAF ISRL XKRX:319400 XXI DMII LSE:MAY BCSS EVAC CEPF CCXI AEXA NWAX

Address 3262 Westheimer Road, Suite 706, Houston, TX, USA, 77098

Website https://www.pyrophytespac.com

Pyrophyte Acquisition Corp is a blank check company engaged in raising funds in trust for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.

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