PSNY (Polestar Automotive Holding UK) Beneish M-Score: -4.68 (As of Jun. 24, 2026)


PSNY Polestar Automotive Holding UK PLC PSNY
60 GF Score
Price $20.33
GF Value $43.18
Valuation Possible Value Trap
! 5 Warning Signs
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What is Polestar Automotive Holding UK Beneish M-Score?

Polestar Automotive Holding UK PSNY +1.40% 60 Beneish M-Score is -4.68 as of Jun. 24, 2026. GuruFocus rates PSNY with a GF Score™ of 60/100 and a GF Value™ of $43.18 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,273 Vehicles & Parts companies, Polestar Automotive Holding UK ranks better than 98.35% 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 -4.68 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Polestar Automotive Holding UK's Beneish M-Score or its related term are showing as below:

PSNY' s Beneish M-Score Range Over the Past 10 Years
Min: -6.91   Med: -4.18   Max: 16.2
Current: -4.68

During the past 7 years, the highest Beneish M-Score of Polestar Automotive Holding UK was 16.20. The lowest was -6.91. And the median was -4.18.

Polestar Automotive Holding UK Beneish M-Score Historical Data

* Premium members only.

The historical data trend for Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK Beneish M-Score Chart

Polestar Automotive Holding UK Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial 0.00 0.00 -3.02 -3.53 -5.12

Polestar Automotive Holding UK Quarterly Data
Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 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 -3.53 -6.91 -5.28 -5.12 -4.68

PSNY vs CYD, LCID, LOT: Beneish M-Score Comparison

For the Auto Manufacturers subindustry, Polestar Automotive Holding UK'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.

Polestar Automotive Holding UK Beneish M-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Polestar Automotive Holding UK's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Polestar Automotive Holding UK's Beneish M-Score falls into.


PSNY
60GF Score
Polestar Automotive Holding UK PLC PSNY
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Polestar Automotive Holding UK 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 Polestar Automotive Holding UK 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+0.528 * 0.9019+0.404 * 0.415+0.892 * 1.4346+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 0+4.679 * -0.401057-0.327 * 2.8214
=-4.68

* 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 (Dec24) TTM:
Total Receivables was $512 Mil.
Revenue was 633 + 0 + 790.605 + 632 = $2,056 Mil.
Gross Profit was -20 + 0 + -768.124 + 65 = $-723 Mil.
Total Current Assets was $2,689 Mil.
Total Assets was $3,930 Mil.
Property, Plant and Equipment(Net PPE) was $394 Mil.
Depreciation, Depletion and Amortization(DDA) was $0 Mil.
Selling, General, & Admin. Expense(SGA) was $0 Mil.
Total Current Liabilities was $6,208 Mil.
Long-Term Debt & Capital Lease Obligation was $2,593 Mil.
Net Income was -383 + 0 + -1027.079 + -166 = $-1,576 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0 Mil.
Cash Flow from Operations was 0 + 0 + 0 + 0 = $0 Mil.
 Total Receivables was $0 Mil.
Revenue was 0 + 563.9 + 345.347 + 523.638 = $1,433 Mil.
Gross Profit was 0 + 7.558 + -30.844 + -431.35 = $-455 Mil.
Total Current Assets was $1,841 Mil.
Total Assets was $3,832 Mil.
Property, Plant and Equipment(Net PPE) was $0 Mil.
Depreciation, Depletion and Amortization(DDA) was $0 Mil.
Selling, General, & Admin. Expense(SGA) was $684 Mil.
Total Current Liabilities was $3,042 Mil.
Long-Term Debt & Capital Lease Obligation was $0 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)
=(511.574 / 2055.605) / (0 / 1432.885)
=0.248868 / 0
=1

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)
=(-454.636 / 1432.885) / (-723.124 / 2055.605)
=-0.317287 / -0.351782
=0.9019

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 - (2688.673 + 393.528) / 3929.815) / (1 - (1840.54 + 0) / 3832.251)
=0.215688 / 0.519724
=0.415

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
=2055.605 / 1432.885
=1.4346

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 + 393.528))
= / 0
=1

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)
=(0 / 2055.605) / (683.877 / 1432.885)
=0 / 0.477273
=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)
=((2592.744 + 6208.281) / 3929.815) / ((0 + 3041.97) / 3832.251)
=2.239552 / 0.793782
=2.8214

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
=(-1576.079 - 0 - 0) / 3929.815
=-0.401057

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.

Polestar Automotive Holding UK has a M-score of -4.68 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 -4.68 mean?
Polestar Automotive Holding UK (PSNY) has a Beneish M-Score of -4.68 as of Jun. 24, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Polestar Automotive Holding UK and its competitors. According to the industry distribution chart, Polestar Automotive Holding UK ranks #21 out of 1273 companies in the Vehicles & Parts industry, placing it in the top 1.6%.
Is Polestar Automotive Holding UK's Beneish M-Score too high?
Polestar Automotive Holding UK's current Beneish M-Score is -4.68. Based on the distribution chart, Polestar Automotive Holding UK ranks #21 out of 1273 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Polestar Automotive Holding UK has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Polestar Automotive Holding UK's Beneish M-Score compare to CYD and LCID?
According to the Vehicles & Parts industry distribution chart, Polestar Automotive Holding UK ranks #21 out of 1273 companies for Beneish M-Score. This places Polestar Automotive Holding UK in the top 2% 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 Vehicles & Parts company?
A good Beneish M-Score depends on the Vehicles & Parts 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 Polestar Automotive Holding UK and its competitors. Polestar Automotive Holding UK's current Beneish M-Score is -4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polestar Automotive Holding UK stock overvalued right now?
Based on GuruFocus' analysis, Polestar Automotive Holding UK (PSNY) is currently considered Possible Value Trap. The stock's GF Value™ is $43.18, compared to a current price of $20.33 — trading 52.9% below its estimated fair value. The current Beneish M-Score is -4.68. Polestar Automotive Holding UK's overall GF Score™ is 60/100 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 Polestar Automotive Holding UK (PSNY), the current Beneish M-Score is -4.68 as of Jun. 24, 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 Polestar Automotive Holding UK (PSNY) Overvalued in 2026?

Based on GuruFocus' analysis, Polestar Automotive Holding UK stock appears to be undervalued. The current stock price of $20.33 is trading 52.9% below its estimated GF Value™ of $43.18. GuruFocus considers Polestar Automotive Holding UK to be Possible Value Trap.

Key valuation signals for PSNY:

  • Beneish M-Score: -4.68
  • GF Value™: $43.18 vs. price of $20.33 (52.9% below fair value)
  • GF Score™: 60/100 with 5 warning signs

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

Polestar Automotive Holding UK Business Description

Other Exchanges PSNYW:USAA4N3:Germany
Address Assar Gabrielssons Vag 9, Gothenburg, SWE, 405 31
Polestar Automotive Holding UK PLC is a pure play, premium electric car brand, designing performance cars engineered to excite consumers and drive change. It believes that it defines market standards in design, innovation and sustainability. It is determined to improve society by accelerating the shift to sustainable mobility. The company conducts its business as one operating segment with primary commercial operations in Europe, North America, Asia Pacific and various importer markets. The company generates majority of revenue from United Kingdom.
60GF Score

Get the complete analysis for PSNY

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

$20.33
Price
$43.18
GF Value